Friday, October 23, 2015
2 Recent Buys
On October 21, 2015 I purchased 20 shares of Fiat Chrysler Automobiles (FCAU). I should have gotten into this stock when it was trading in the lower single digits and never did. This might be the only stock I have that does not pay a dividend. There was just enough catalyst to get me to do it. I can see the Ferrari (RACE) shares I will receive in January as free stock dividend spinoff similar to a dividend. The company itself I think should do great and who knows what kind of mergers or acquisitions will go on in the autos in the coming years.
On a purchase dated October 26, 2015 I also purchased 1.3478 shares of The Walt Disney Company (DIS) for $110.52 per share.
What does everyone think about these 2 companies? Will Fiat Chrysler payoff over the long term or initiate a dividend like GM and Ford have done for us?