Time to continue my quest of finding 2-4 reliable, stable, long-term, dividend paying stocks on LOYAL3 that I can periodically invest in over time. This round of cuts will not be based on numbers, performance, or any quantitative criteria. This time I’m going off of my gut feeling and following some of Warren Buffett’s advice. I heard Buffet say in an interview that in order for him to invest in a company it has to be understandable to him. There are two companies here that I know of but other than that I don’t feel comfortable selecting them as long-term investments. That said, I’m taking LB and AEO off the list. I might throw a little money into LB because it has impressive numbers but other than that I don’t intend to make continued, periodic buys of LB stock.
The stocks still on my LOYAL3 list are: MAT, UL, HAS, MCD, TGT, and KO. Not a bad lineup.