Replies to post #112333 on Savvy Trades and Investments

[SSKILLZ1]

BMY and CNXC

Added more to thse two falling knifes today.

BMY

Brought more at $47.99, Decided to add more since it was yielding 5% at that point hence I added more. The Stock is dirt cheap Trade about 7 times, hence I feel it is attractive at these levels.

CNXC

This one has been an unmitigated disaster since I brought it in the upper 70's. I decided to add more at $56.99. Thankfully it was a small position in the upper 70's, this is my first add since. Given the midpoint on earnings guidance of north of $12, we are looking at a PE a little north of 4.5 at this point. The stock is waaaaaaaaay too cheap in my opinion.

All is just my opinion, and I could always be wrong though.

[bbotcs]

SSKILLZ1: VTRS
I hear you. It is not unreasonable to think the stock could double in price if the stock gets a 7 multiple. And, if the yield on shorter-term Treasuries falls below Viartis' dividend yield, that could be a situation that would boost the stock price when money looks for a better yield.