Investing for retirement, general financial advice and lessons learned, and occasional opinions on anything and everything.
Tuesday, October 1, 2013
Adding Valmont Industries (VMI)
Started a 1/4 position in VMI today.
Overview of the company from Reuters:
Decent undervaluation, beaten up pretty well the last six days or so. Pays a small dividend, but has been increasing it the dividend every year for 11 consecutive years. Dividend growth rate for the past 14 years in 9.1%. Looking at the past 5 years shows that today's price of $136 or less is a good entry point, with a margin of safety of approximately 17%.
While not that important, analysts are pretty bullish on the stock. From Fidelity: