I added more shares to my portfolio with the purchase of Cardinal Health Inc (CAH).
16 shares @ $58.40 on 11/13/2017.
21 shares @ $56.19 on 11/15/2017.
This increases my forward 12-month dividend income by $68.08 to a total of $4,530.06
I also updated my portfolio page to reflect the change.
When I bought the 16 shares, I used some of the capital from the recent sale of GE. The addition 21 shares I bought was my normal buying pattern. CAH is now a core stock in my portfolio as well as the recently added AT&T. CAH now as a weighted percentage of 3.93%. I like to keep my investment under 4%. If CAH has a run-up in price, I will continue to hold it and just purchase other companies to bring the percentage back down. I am not going to talk about much about CAH because I talk about it in great detail over at Seeking Alpha. I do not plan to buy any more shares of CAH at this time.
CAH is undervalued, and I recommend it a BUY at this time. As we see below in the Fast Graph, is lower than its normal PE of 15.4 with a current PE of 11.0.
Have you been adding to CAH? If not, what stock was your last buy?
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