Here is my V investment:
|21-Aug-2013||240||$ 10,411.15||$ 43.38||basis|
|3-Dec-2013||0.472||$ 24.00||$ 50.85||div|
|3-Apr-2014||0.452||$ 24.05||$ 64.20||div|
|3-Jun-2014||0.452||$ 24.09||$ 53.30||div|
|3-Sep-2014||0.448||$ 24.14||$ 53.88||div|
|9-Dec-2014||0.428||$ 29.02||$ 56.19||div|
|3-Mar-2015||0.424||$ 29.07||$ 68.56||div|
|2-Jun-2015||0.419||$ 29.12||$ 69.45||div|
|1-Sep-2015||0.406||$ 29.17||$ 71.90||div|
|1-Dec-2015||0.427||$ 34.09||$ 79.81||div|
|1-Mar-2016||0.471||$ 34.15||$ 72.52||div|
|7-Jun-2016||0.43||$ 34.22||$ 79.50||div|
|6-Sep-2016||0.423||$ 34.28||$ 80.95||div|
|6-Dec-2016||0.533||$ 40.47||$ 75.96||div|
|7-Mar-2017||0.459||$ 40.55||$ 88.42||div|
|6-Jun-2017||0.428||$ 40.63||$ 95.03||div|
|5-Sep-2017||0.39||$ 40.70||$ 103.75||div|
|5-Dec-2017||0.435||$ 48.18||$ 110.74||div|
|6-Mar-2018||0.44||$ 51.97||$ 119.43||div|
|5-Jun-2018||0.395||$ 52.07||$ 131.79||div|
|4-Sep-2018||0.355||$ 52.15||$ 147.11||div|
|4-Dec-2018||0.443||$ 62.17||$ 140.83||div|
|5-Mar-2019||0.418||$ 62.28||$ 149.14||div|
- total shares: 249.545
- basis: $ 10,411.15
- avg $/share: $ 45.09
- avg $/share (basis shares offset by div shares): $ 41.72
- current price: $ 157.65
- current value: $ 39,340.77
- total return: 277.87%
- CAGR: 26.65%
- S&P500 wi reinvested Div total return: 87.377%
- S&P500 wi reinvested Div CAGR: 11.904%
- shares earned as reinvested dividends: 9.545
- base value of shares earned as reinvested dividends: $ 840.57
- current value of shares earned as reinvested dividends: $ 1,504.77
- reinvested dividend total gain: 79.02%
This is a so called quality growth chaser. I learned this from Chuck Carnevale, an SA author and proprietor of the Fast Graphs I use. It's worth buying high earnings growth, higher PE stocks if they're consistent. This also should show up in a more favorable PEG. In fact, I've learned that cash flow growth, with no PE, emphasizing non-GAAP, is worth chasing during the ascendancy, like CRM...but this is a different story...yet worth noting.
V performance has CRUSHED the S&P500. Superlative deserved! But can it continue? The PE now is a blended 31.7. The 3 year earnings growth is 15.7%. The gap between PE and earnings growth is growing.
I definitely will hold. But the question is whether to put in more. I like the fundamentals. Quarterly Revenue Growth (yoy) is 13.20%. Quarterly Earnings Growth (yoy) is 18%. But I see a slow down relative to price being asked.
My take is not to invest now. I might change my mind. I wouldn't go wrong to add, as I'd still get solid CAGR if 18% growth continues, even as PEs start to slowly contract. I will try to work out the math later.
Finally, I see V as a strong moat. AAPL is working with MasterCard for its new credit card. Indicating credit card companies still are deep in the payment chain. I am very happy with V and how it has performed.
Disclosure: I am/we are long V.