Recent Buys: VZ, WFC, ED
I’m still in the process of deploying cash. I initiated positions in four new companies:
18 shares of VZ @ $56.4 –> $33.21 in forward annual post-tax income. I consider VZ a core position of my portfolio. It is my first stock in the communications sector.
16 shares of ED @$73 –> $36.72 in forward annual post-tax income. My first utility.
20 shares of WFC @$24.755 –> $30.6 in forward annual post-tax income. This is my second bank after TD.