Showing posts with label GIS. Show all posts
Showing posts with label GIS. Show all posts

Friday, December 7, 2018

Recent Buy - Broadcom Inc (AVGO) and General Mills Inc (GIS)

We've all witnessed the volatility of the market in recent months and in particular, the wild swings within the technology sector.  Broadcom Inc.(AVGO) has not been immune to these swings and despite what many would agree was a fairly good earnings report for Q4 and full fiscal year 2018, the after hours spike was tempered Friday afternoon as the general negative market sentiment as of late weighed heavily on nearly all stocks.  AVGO is a new position for the portfolio and while adding this position, I also picked up some additional share of General Mills Inc. (GIS).  General Mills, along with what seems all other consumer staple stocks, remains out of favor on wall street despite rapidly approaching a 5.0% dividend yield and 10% FCF yield.  Take a look below for details of the purchase and a few of the metrics that are considered prior to purchase.