Seeking Alpha
  • David Crosetti
    AFL gets stronger every day. This is a great company that was oversold and now is finally getting priced right.
    1/24/12
    Reply (19)
    • TonyNed: I'm more of an NFC fan.
      1/24/12
    • TonyNed: Oh, that's AFC. Joke failed. Sorry.
      1/24/12
    • David Crosetti: Nice. I like NFC, just can't afford it.
      1/24/12
    • Deadicated: I could not agree more. I bought 100 shares @ 42.30 and am loving the upward movement.
      1/24/12
    • David Crosetti: Dedicated. I get excited every time I get a price update on my phone! This was oversold, in my opinion. Nice dividend too.
      1/24/12
    • ekturner3: 2.7% yield not too low for you DC? No doubt the $45 calls I sold will force me too sell half my shares. I'm thinking of selling the rest.
      1/29/12
    • David Crosetti: EK: When I bough AFT, I got it at $32 bucks and change. At that time, it gave me a 4% yield.
      1/29/12
    • David Crosetti: I bought more for my kids' portfolio--at $44.50 or a 2.96% yield. But, I'm happy. I see this as a stock worth 55-60 a share.
      1/29/12
    • ekturner3: So, unless your yield threshhold is lower than normal for a DG investor, AFL is more of a growth stock for you? A hybrid - DG/growth?
      1/30/12
    • David Crosetti: It is a growth stock. The yield on my kids holding were almost 3% which is my threshold, but the story is the growth.
      1/30/12
    • David Crosetti: Buying in my personal portfolio was a 4%--above my threshold, so I will enjoy the dividend.
      1/30/12
    • ekturner3: YOC doesn't do much for me unless it's used as a predicter for the future or as a measure of past performance.
      1/30/12
    • ekturner3: But if you see it as a growth stock, then I understand why you have it. Seems to be outside what I understand about your DG philosophy.
      1/30/12
    • David Crosetti: Not at all. My portfoio bought AFL with a 4% yoc. I don't get hung up on it, but owning AFL with a 4% is good.
      1/30/12
    • David Crosetti: As for the OTHER portfolio, we bought it as both a nice yield now--and increasing dividends in the future. Last dividend increase was 10%.
      1/30/12
    • David Crosetti: Totally consistent. We may keep it or we may sell it. I don't know when. Either way, it's a good investment.
      1/30/12
    • ekturner3: Or you could sell it and it's 2.7% yield now and buy a company with similar DG prospects with a higher yield and get even more div. income.
      1/30/12
    • ekturner3: I'd argue that would be a better investment from a DG perspective. But what do I know. :)
      1/30/12
    • David Crosetti: No doubt. But, it's a great dividend growth play as well. Man does not live by bread alone. I do have a trading account.
      1/30/12