Stocks are starting to get cheap (at least some stocks by some metrics) – time to buy. I was put 500 shares of Anheuser-Busch InBev (BUD) on Friday – which works for me, since I am a buyer on the way down. My entry price was $68.24 per share – almost a 42% discount to Anheuser-Busch InBev’s Morningstar Fair Value of $118.00 per share. Since the shares are trading at $66.39 per share, I did not catch the exact bottom, but you can’t expect to do that on a regular basis.
I really enjoy this type of market environment, when the rest of the world is freaking out because they are 100% allocated to the S&P 500 – panicking and selling – I am only 20% allocated to stocks, but starting to buy the best companies on my wish list.
Merry Christmas – I hope you have a profitable New Year!
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