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7 Great Undervalued Dividend Stocks I Bought During The Market Meltdown

Published Wed, 26 Dec 2018 01:41:32 -0500 on Seeking Alpha

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Note that due to reader requests, I've decided to break up my weekly portfolio updates into three parts: commentary, economic update, and the new "best stocks to buy right now" series. This is to avoid excessively long articles and maximize the utility to my readers.
This week's commentary explains three essential facts investors need to know about the current market meltdown.
Due to the holidays this week, there is no economic update (for two weeks).
Introduction
As I explained in my portfolio update 63, I'm now focused on paying down margin and thus won't be making changes to my portfolio for the foreseeable future. In fact, I've now realized the wisdom of Buffett's warning against using margin.
"My partner Charlie says there is only three ways a smart person can go broke: liquor, ladies and leverage...Now the truth is - the first two he just added because they started with L - it's leverage... It is crazy in my view to borrow money on securities... It's insane to risk what you have and need for something you don't really need... You will not be way happier if you double your net worth." - Warren Buffett (emphasis added)
The worst December for stocks since 1931 (and that record might still be broken) has shown me that it's not enough to minimize the risk of being wiped out (via a margin call). The risk of a total loss of capital must be zero. After all, even if the odds of... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
LAZARD 36.99   9.1 4.05 0.00 10.24
MAGELLAN MIDSTREAM PARTNERS 60.13   10.3 5.83 0.00 6.78
ALTRIA GROUP 48.99   13.3 3.68 0.00 6.57
TANGER FACTORY OUTLET CENTERS 21.54   49.0 0.44 0.00 6.44
KIMCO REALTY 17.78   17.4 1.02 0.00 6.31
ENBRIDGE 36.29   31.3 1.16 0.00 6.22
ENTERPRISE PRODUCTS 28.54   14.9 1.91 0.00 6.17
ABBVIE 80.52   22.5 3.58 0.00 5.29
REALTY INCOME 69.92   58.8 1.19 0.00 3.86
AVAGO TECHNOLOGIES 281.66   10.0 28.30 10.60 3.76
CARDINAL HEALTH 56.79   0.0 -0.08 0.00 3.43
LEGGETT PLATT 45.20   20.0 2.26 0.00 3.38
BLACKROCK 431.07   16.2 26.62 0.00 2.90
TEXAS INSTRUMENTS 107.28   19.2 5.60 3.08 2.86
ILLINOIS TOOL WORKS 143.25   18.8 7.60 0.00 2.77
3M 208.41   23.4 8.90 0.00 2.76
SNAP-ON 159.13   13.4 11.88 0.00 2.41
WALGREENS BOOTS ALLIANCE 74.43   13.7 5.44 1.76 2.40
THOR INDUSTRIES 69.45   11.6 5.97 0.00 2.28
APPLE 170.93   14.1 12.16 2.92 1.71
AO SMITH 51.99   20.2 2.58 0.00 1.70
MICROSOFT 108.17   25.1 4.31 1.84 1.70
FEDEX 180.25   9.8 18.35 0.00 1.45
LEMAITRE VASCULAR 25.10   0.0 0.00 0.28 1.11

LAZARD - LAZ
LAZARD - LAZ  


Older articles featuring Lazard (LAZ):
The Best Dividend Stocks You Can Buy Today
January 2019 Dividend Income Report, A Trade And +14% Divvy Increase
Lazard Declares Dividends of $0.94 Per Share
The Best Dividend Stocks To Buy In February
The 10 Best Dividend Stocks To Cash In On Strong Job Growth
My Oh My, These Dividend Stocks Are Very Strong Buys
3 Dividend Stocks Bouncing Back In 2019
Despite The Market Rally These Dividend Stocks Are Strong Buys
The Best Dividend Stocks You Can Buy Today
The Best Undervalued Dividend Stocks To Buy For 2019

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