Today I added 54 shares of OMI @ $28.46/share to my already owned 34 shares. OMI hasn't experienced a run-up like the rest of the market, it is actually trading at a lower price than my initial purchase price of $30 in February. This is party due to the company lowering their 2012 EPS estimate. I still like the company and decided to go ahead and add more shares to my portfolio. These 54 shares will add $47.52/year of income. This purchase also brings my portfolio value to above 50k for the first time ever!
I bought more OMI last month as well. It's one of only like 6 stocks that has increased its dividend at least 10% every year for the past decade. It's a difficult and rare feat. To me, this says A LOT about the company.
ReplyDeleteI think we'll see continued dividend growth, but possibly at a slower pace. I'm hoping the new venture into Europe increases their profits and starts them in the right direction for the next 10 years. We'll see.
I like OMI a lot as well. I want to increase my healthcare sector exposure. I'd like to add to my BDX & JNJ positions if I get a good opportunity and start a new position in possibly MDT.
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