Saturday, 2 December 2017

Sold BP, OXY and FAST and bought KR

During the summer, I decided I had enough of oil stocks. Sure, they were paying big dividends but EPS were terrible. And there had not been any capital appreciation in recent years. Right or wrong, I saw this as dead money and I wanted out. And I was looking for a company with very good or excellent management (this is a lesson I learned through owning Ensco and Teva, and more recently, OHI).

Then an opportunity in KR came along. And I decided to go in big...


Only time will tell if this was the right thing to do.

2 comments:

  1. Judging by the increase in KR since your purchase, things are working out. Regardless, you invested in a solid company that has demonstrated their ability to increase their cash flow over the long run. I own KR as well, so I'm riding this train with you haha

    Bert

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    Replies
    1. Hey Bert,

      Happy to hear from a fellow owner! I am thrilled by the recent rally and certainly didn't expect the share price to increase by so much so quickly. An increasing cash flow and more stable EPS is what I was looking for (in comparison with BP and OXY).

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