This week, six of the portfolio holdings ranked in the Top Ten: FMCB, GRC, PPG, SJW, TGT, and VZ.
| Ticker | Account Value |
| FMCB | 2,898.75 |
| GRC | 2,802.00 |
| PPG | 2,908.35 |
| SJW | 2,708.16 |
| TGT | 2,720.88 |
| VZ | 7,324.26 |
The lowest amount belongs to SJW which last traded at $56.42. I will acquire 5 shares of SJW when the market opens at 9:30am on Monday, literally right after SJW releases their earnings for 2024Q3. See the 2024-07-27 post for a slightly deeper dive into SJW’s historical performance. Below, is the purchase history and average cost calculation.
This might be the first time where my scheduled purchase for a week will occur just as earnings are coming out. There is a high likelihood of a price shock on Monday morning, and some might hold off on adding to a position just in case the news happens to be poor, and the price drops substantially.
But this isn’t DJT.
SJW is in the business of humanity’s most precious resource. SJW is a water utility with a 56-year dividend streak. Even if the price were to drop 20% like what happened earlier this week with GPC, a company with a 68-year dividend streak, it would not deter me.
I absolutely love a good sale.
And if the earnings announcement is excellent, the stock price could very well spike, but in that case only 5 of the 53 shares in this position will have been purchased at this price. That means the remaining 48 shares gain value AND it is very likely that really good news would drive the stock for weeks to follow.