PETS was the most recent dividend stock to shoot up, over a 10% pop post solid earnings that saw revenues (finally) increase (PetMed Express beats by $0.03, beats on revs).
September 30th MFI Dividend Portfolio
I thought readers might like to see how a dividend portfolio is performing. Here is a listing of September 30th, that is up a composite 24%, despite a dismal CHKE:
|Stock||Initial Price||End Price||Percent Change||Mkt Cap|
Of course, one of the ironies about the MFI Dividend stocks is that while I would humbly suggest I am the person that has highlighted the out-performance, I personally have not benefited. Why is that?
I have been buying MFI dividend stocks for the past two or three years. Sadly, the ones I have picked have generally underperformed.
CHKE - poor
UNTD - poor
MNDO - poor
CEL - poor
PETS - poor
RTN - ok
MSFT - ok
CMTL - ok
INTC - good
PM - good
RAI - good
STRA - good
RGR - good
What does this mean? I'd humbly suggest it means I am a lousy stock picker.
What should I do? I am tempted to get back into MFI, but purely on the dividend side and purely mechanically. I have mentioned that I will be obtaining some funds at the end of February. Perhaps I will simply make a listing of MFI stocks at the end of February that qualify as dividend stocks and buy a basket.
If I were to do it today, these are the stocks I would buy:
I would definitely have to hold my nose on a couple of these. But that is why they call it mechanical. We'll see.