Recent Stock Purchase June 2017

It’s been almost a full month since my last recent stock purchase was made which just highlights my frustration in June for finding places to deploy my fresh capital. While the stock market continues to melt up seemingly every week taking many of my holdings up with it, finding good to decent value is becoming increasingly difficult.

The last several months have seen me add to my existing positions in companies that have been faltering as of late, you all know the names, General Mills, Inc. (GIS)Hormel Foods Corporation (HRL)W.W. Grainger, Inc. (GWW)Bemis Company, Inc. (BMS), even health REITs Care Capital Properties, Inc. (CCP) and LTC Properties, Inc. (LTC) among others. This month, instead of adding to my existing positions I decided to initiate new positions, all in the health sector, to a) boost my overall exposure to the sector and b) further diversify my overall portfolio. With that being said:

I have added to my taxable account 16.0 shares at $32.58 for a total investment of $521.28 in Teva Pharmaceutical Industries Limited (TEVA). This stock has really been under the gun as of late as a recent buying spree for the company has greatly increased its debt load. That being said, its recent acquisition of generic drug maker Actavis now makes TEVA the largest generic pharma company in the world which should play out well in the coming years. Even with an Israeli withholding tax that can be as high as 25% (there are varying withholding rates), TEVA still offers a pretty juicy and safe current yield. This is a new position and was a commission free trade.

I have added to my taxable account 2.0 shares at $171.61 for a total investment of $343.22 in Amgen Inc. (AMGN). This is a new position and was a commission free trade.

I have added to my taxable account 5.0 shares at $69.98 for a total investment of $349.90 in Gilead Sciences, Inc. (GILD). This is a new position and was a commission free trade.

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Disclosure: Long GIS, HRL, GWW, BMS, CCP, LTC, TEVA, AMGN, GILD, PFE, JNJ, ABT, ABBV, CAH, BDX, MCD, CL, UL, KMB, PEP

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