June 2018 Buy II
Not even a day went buy and I decided to pull the trigger an another purchase. This stock was not on my watch list for June, however I have long coveted owing this stock. Although its a giant telecom, it has taken a beaten the last 5 years for sure. However the divided looks to be stable and safe for now, so time to buy and hold, hopefully for a long time. Also there may be a chance to add here while it still dips. I do think it has room to go lower, which will provide opportunity to add more shares at a lower price.
So without further ado here is what I purchase with my second buy of the month:
June 6, 2018
VOD 10 Shares @ $26.54 +$6.95 commission = $272.34
Vodafone Group is a British conglomerate telecommunication giant. It operates in Europe, Asia, Africa and Oceania. Talk about diversification, VOD is well diversified throughout the world. The current P/E Ratio is at 13.4, well below its peers. There are some concerns, however the future does look bright after some debt reduction of late. Annual rate growth looks well below industry level at 5.1%, in comparison they are a moth in the industry with business in all four corners of the world. So they are well diversify to said the least.
What do you think of this recent purchase?
What are you buying?
Thanks for visiting
Dividend Pursuit
Disclaimer: Long on all stocks listed
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