Stocks I Bought On The Dip: HollyFrontier Corporation

Summary

• HollyFrontier Corporation is one of 20 S&P 500 stocks I've purchased since the March sell-off.
• I share my buy, sell, and hold prices for the stock, as well as share the basic process for my analysis.
• Currently, HollyFrontier remains a 'Buy', but investors should be prepared for big price swings in the coming months, and a possible dividend cut.
• Looking for a helping hand in the market? Members of The Cyclical Investor’s Club get exclusive ideas and guidance to navigate any climate. Get started today »

Introduction

I have two core methods of sharing my investing ideas and strategies on Seeking Alpha. The first method is via public articles like this one, and the second is via the Cyclical Investor's Club. Since launching the Cyclical Investor's Club on 1/12/19, I've always tried to strike a reasonable balance between my public ideas, which everyone can read for free, and the private ideas, shared exclusively in the CIC. Over time, I have decided to break these ideas into two distinct categories where ideas about stocks that comprise the S&P 500 are made public and all the rest remain private. I've tried to abstain from first sharing an idea in the CIC, and then, after the price has run up, sharing the idea as still being a "buy" with the public, because I didn't like the way that practice felt to me ethically. However, even though I bought HollyFrontier at a lower price, it currently remains a 'buy' and is one of the only stocks in the series still trading at value levels.

The recent market dive happened so quickly that there was no way I could write public articles in time for all the stocks I purchased in March. From February 28 through today, I've purchased 35 stocks (plus suggested members buy Berkshire Hathaway (BRK.B, BRK.A), which I already owned), and most of the stocks were purchased in the five trading days nearest the bottom of the market's dip. I could barely keep up with the purchases via the real-time chat function in the Cyclical Investor's Club, much less write full public articles about them all. Of those 36 stocks, 20 of them were components of the S&P 500, and I only managed to write about one of them publicly - Comcast (CMCSA) - at

Analyst’s Disclosure:I am/we are long HFC, BRK.B, CMCSA, TSCA, HOLX, ROST, ALGN, FLIR, GPC, BLK, PNC, USB, AME, MCHP, AZO, AMP, SYY, SYK, DLTR. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.