Recent Buy - Campbell Soup Co (CPB)

Alright folks, what does one do when an equity holding of theirs falls by > 20% in a matter of days despite maintaining a high conviction of the company's ability to overcome short terms headwinds? Buy more of course!  Well, that is just what I have done.  Today I increased my position in CPB by 50%.  The company's current valuation is ridiculously low based on adj EPS and/or operating cash flow, especially in light of where many of the indexes are currently trading.  Below are the details of the purchase as well as some additional commentary regarding recent events for CPB.

Recent Sell - Omega Healthcare Investors, Inc. (OHI)

Last summer I decided to make the plunge and purchase one of the most popular REITs among retail dividend growth investors, OHI.  Well, not quite a year later and I've regretted the decision nearly as soon I made the decision to buy it.  Now that prices have recovered to levels close to where I initially purchased, I have decided to sell my relatively small position to allocate the capital elsewhere with much less industry (SNFs and ALFs) and regulatory risk.  There are a select few REITs that I currently own (LAMR, KIM, WPC, and CLDT) and would rather be invested in either of them rather then be exposed to the risk and rewards currently associated with OHI relative to current valuations.  The funds received in connection with this sell are held in a Roth IRA account and so the capital will likely be allocated towards purchasing additional share of KHC and/or WPC where my equity positions in both of those companies also reside.  Below are the details of the OHI transaction including the gain and loss calculations.

2018 April Dividend Summary

April dividends saw a decent jump YoY, a 54% jump to be exact.  Viewing the summary below, you can see there were 4 new companies added to the portfolio in the last 12 months that were remitting any dividend payments my way: CPB, GE, KMB, and KIM.  The addition of these four companies accounted for bulk of the YoY difference.  There is one company that I no longer own, that is BNS my small position shortly before starting this blog.  See below for the full details.

Recent Buy - AT&T (T)

Today I picked up some additional shares of AT&T which has been trading about 10% below my cost basis.  There remains some uncertainly about the future prospects of the company in regards to its Time Warner acquisition that is pending approval from the courts.  In addition, it recently came to light that the company has had a business relationship with one of President Trump's former lawyers which some on Wall Street may find concerning. Below are details of the purchase: