Hi Fun, Re: KHC and pendulums..............
The nice thing about pendulums is they are usually in motion. KHC has had a wide swing from over to under valued during the last 24 months. It's been hard to guess how far the swing would take the stock's price. However, with downward averaging any "reversion to the mean" will be kind to my position.
KHC has tested my patience. The dividend has been my burn ointment so far. I've only had one sale since starting my KHC position back in April of 2018 and that was June of the same year. Since then I've added 12% more shares with each of 7 consecutive buys. I now own more than twice my original share count. Anything above $42 puts the portfolio in the black. Right now that seems a half arc swing away from the current price. Reversion to my start price will offer a double on the investment. (plus accumulated dividends).
Since it has been a long slow dive and might be a long time recovering, I might pick some target prices and look for some generous Call options to sell to collect some extra rent.
Tom
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