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.


  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


    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).