I don't know which of the many stocks you listed that I might target. Obviously, I don't have the time to research every one of them. That's OK for money managers because that's what they do all day to make a living. And I don't have the resources to buy more than a handful of them at the most.
To commit to a stock for even 1 or 2 years at this time seems precarious. A significant correction, or sell-off, could occur at any time. And dividends are peanuts. Most of the time if a stock goes up or down even a dollar, that's more than a dividend would give you. For example, if a stock loses a dollar or so, it most often wipes out the gain from the dividend.
When I got the $84 dividend for XOM, the closing price was adjusted for the dividend so the price at the open the next day was $.84 less than what it actually closed at the previous day. And the stock didn't go right back up to what had been the actual, not the adjusted, price. It did work its way back above the actual closing price soon thereafter because momentum was still with oil and oil stocks. But then the price of oil dropped when it was reported that Saudi Arabia and Russia might hike production and XOM is currently at about the level I sold it at. XOM had one really good day recently gaining $3 or so -- I forget why.
I did look at CALM -- current price $46.80, 1YR target price $45.50, trailing P/E 76.85, forward P/E 20.62, all according to Yahoo, but what do I know about prospects for the egg industry? What if there's new competition, what if Cal-Maine falls out of favor or if salmonella becomes a problem? There are too many uncertainties and a lack of inside knowledge on my part to know what is going on in the egg industry.
Yahoo's numbers for SRCL look better, but the same uncertainties or lack of inside knowledge on my part are the same as I noted for CALM. I know little about industry conditions in the areas where Stericycle operates.
If SGMO achieves a significant breakthrough like right to try for Fabry's disease or Hemophilia A, or if SNES begins to get huge contracts for ContraPest -- its partner Pestmaster has a contract with the GSA -- I could try to ride the upswing with either of those stocks. Those are the types of scenario's I'm looking for.
Buying TEVA at $11 or so would have been a good idea, but I was totally oblivious to that opportunity.
