The Prudent Investor

November Purchase
November 7, 2007, 1:04 pm
Filed under: Update

A few days ago the shares of CPO dropped dramatically – about 13% – because they missed earnings projections. I would have purchased more shares because this is an excellent company and this is a long term portfolio. However, I make my purchase on the 7th of each month, and as it turned out, the shares today have gained through an analyst upgrade. Such is life – had the upgrade occurred tomorrow I would have made the purchase before the more than 4% gain. But having made hundreds of purchases through DRiPs, I know that this sort of thing evens out over the long haul. Perhaps this purchase was a counter balance to last month’s purchase. The full $100 this month goes to Corn Products.