So with the recent fiasco involving ARCP, and my subsequent sale of it, I had to find another stock worth buying. After checking out my previous analyses, I came across a stock I really liked back then. Although it’s up a bit since my analysis, nothing else has changed. Ergo, I had a new purchase to make.
Today, I bought 74 shares of A.O. Smith Corp (NYSE: AOS) at $52.51 per share.
Rather than rehash my analysis all over again, I’ll link to it here. With the exception of the paltry dividend, and slight overvaluation according to the intrinsic P/E ratio, I don’t see anything I don’t like about AOS.
Here’s the updated FAST Graphs for AOS:
This purchase will add $44.40 to my annual dividend income.
How did you handle the ARCP debacle? Would you consider investing in AOS?
Disclosure: Long AOS. My portfolio page has been updated accordingly. Please read my disclaimer here before choosing to invest. Company logo image source is available here.
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