On 7/11/2011 I Bought 1/4 of my target position in CROP:NYSE @ 26. That day I also picked up another 1/4 of my target position in GLW:NYSE @ 17.5.
Why did I buy more of the ETF CROP?
In April, I decided I wanted exposure to food commodities for a long term buy and hold. This is due to the belief that more food will be needed for a growing world population. Also a large growing middle class in China and India will fuel the need for CROPs for at least the end of my lifetime.
The CROP ETF is based on the performance of the global, small-cap sector of publicly traded companies engaged in agriculture business, including crop production and farming, livestock operations, and food products machinery,etc. It is non-diversified.
CROP is on my watch list for further purchasing.
More of my reasoning on this buy can be found here:
Headline: World Food Shortage Risk Inspires Launch of CROP EFT
Agriculture ETFs set for good seasonal harvest
Why did I buy more GLW?
GLW is trading down almost $1 since I purchased another 1/4 of my target position. Currently I have 1/2 of my target in GLW. I like GLW for many reasons but Largely due to their exceptional ability to come up with fantastic new products. Known better as Corning, GLW is a leader in all things glass and ceramic. For 160 years Corning has used science to come up with everything from consumer electronics, mobile emissions control, telecommunications, and life sciences.
Longevity due to adaptability in GLW is key to my long term bullish outlook on the company. This short term correction in the stock provides me additional opportunity to buy this GLW at a great price.
Top fuels for growth in GLW:
1. Display Technologies -Corning® Gorilla® Glass Selected for Sony’s BRAVIA® Line of LCD TVs
2. Optical Fiber & Cable – UL® Verifies Corning® ClearCurve® Multimode OM3 and OM4 Fibers Meet or Exceed Bandwidth Standards
3. Life Sciences – Corning Introduces New Line of Reusable Plastic Laboratory Products
GLW is valued at a discount with a PEG value of 0.6464, one of the lowest in the Personal & Household Prods. industry, which is supported by a PE of 7.6763 that is also among the lowest in the industry.
GLW is one of the more profitable companies in the Personal & Household Prods. industry with a net margin of 49.81%. Its net margin and operating margin are both among the strongest of any peer, while its gross margin is inline with the industry median.
Yes, I like GLW and will likely buy more in the near future. Love that Gorilla® Glass.