02-13-2014, 09:41 AM
Well, certainly not as nice as a week ago--but that’s always the story huh;-)
Morningstar rates its fair value as $88--so it’s at a10% discount (MS buy price is $70). If you wanted this as part of your core holdings, it looks like a value (if not a deep value). It appears to be trending up over the last three years (and what hasn't been). But over the last year its seems to be hovering in the $80's range.
If you believe a market correction is imminent, I'd wait for it to see the mid 70's again. If you don't like to "time the market," I'd follow this advice (http://www.dividendgrowthinvestor.com/ "Optimal Cash Allocation for Dividend Investors" ) and take advantage of its MS10% discount.
Just my 2 cents worth.
Ronn
Morningstar rates its fair value as $88--so it’s at a10% discount (MS buy price is $70). If you wanted this as part of your core holdings, it looks like a value (if not a deep value). It appears to be trending up over the last three years (and what hasn't been). But over the last year its seems to be hovering in the $80's range.
If you believe a market correction is imminent, I'd wait for it to see the mid 70's again. If you don't like to "time the market," I'd follow this advice (http://www.dividendgrowthinvestor.com/ "Optimal Cash Allocation for Dividend Investors" ) and take advantage of its MS10% discount.
Just my 2 cents worth.
Ronn