Market has been on a bit of a tear lately hitting new records highs in the past week. Many of the stocks that I had been hoping to build as they hung out near their 52 week lows have seen a jump in their valuations along with the rest of the market as a whole. Stocks like CVS, CAH, MMM and many of the banks recovered nicely and from a strictly valuation perspective, and may have plenty of more room to run in the near term. As much as I hate to admit it, it is sometimes difficult to average up even when the current valuation of a company, although higher than what my current cost basis may be, is still below what I believe is a rough estimate of the company's intrinsic value. CVS and DAL are probably both good examples of scenario as it relates to the PIV portfolio. In any event, dividends continue roll in and cash in the PIV accounts is building much faster than I am choosing to invest in recent months. See below for October's dividend summary.
