When I look out a few years many stocks are still looking like very good value at today's recession fear induced levels. As I continue to accumulate stocks for my non-registered portfolio during these dreary times, here are the current limit orders that I have placed with my online broker to expire on at the end of November:
United Parcel Service (UPS) at $45.01
General Electric (GE) at $18.00
Walgreen (WAG) at $21.50
IGM Financial (IGM) at $32.00
Reitman's Canada (RET.A) at $12.01
GE, IGM, and Reitman's are all yielding over 6% at my strike price. They should all report lower near term earnings but a 6%+ yield should limit downside and give me some nice immediate return in lean years. Walgreen is trading under 10x earnings at $21.50, and UPS at $45.01 is under 12x earnings and yielding 4%. Each of these stocks with the exception of Reitman's have touched levels below my strike price during the last month or so. I hope we get another test of the October 10 lows and I can pick up some or all of these great companies at bargain basement prices.