CAG - ConAgra Food - added to my watch list

Today I was scanning through "Most active Market Movers" and noticed CAG - ConAgra Food.

What I like about this stock:

1. The company carries well known and loved by many brands. Some examples are:
Frozen food : Healthy Choice, Marie Callender's, Kids Cuisine, Bertolli, PF Chung, Banquet.
Can food: Rotel, Chef Boyardee, Ranch Style Beans, Hunts
Snacks: Orville, Act II, Swiss Miss, Reddi Wip, Peter Pen, Slim Jim, David, Crunch and Munch.

2. The Bank of America downgraded this stock to "underperform", but TheStreet ratings team thinks the stock is "Buy" now and I agree with them. Read article here. I think this company will find a way to improve their earning,

3. It is trading close to their lowest of 52 weeks average - $29.42
52 Weeks range $28.09 - $37.28.

4. Dividends yield is 3.10%. The company pays dividends since 1984 and slowly increase them.

After reviewing their profile, financial statements and listening to one of the Earning conference calls I added this stock to my watch list and plan to acquire some shares soon.

What do you think about this stock?

Please share your opinion.

My Stock Watch List and Stock Purchases (5/24)

This week I purchased shares of

TGT@55.79 and WFM@37.68

Here is my watch list for upcoming week*.

Stock	Name, description	price as 5/16	Dividend Yield
PFE	Pfizer	$29.49	3.50%
TGT	Target	$55.69	3.00%
ESV	Ensco	$51.35	6.00%
CNP	Centerpoint energy	$23.87	3.90%
WFM	Whole Food Market	$37.78	1.20%
ROST	Ross Stores	$68.85	1.20%
SBSI	Southside Bank	25.79	3.20%

* If I move stock to this list, it means there was a price drop or current price is somewhere in the middle.

I do not buy stocks at their highest prices. I might miss some good stocks but I prefer to sit and wait.

If I have a stock on my list, it means I like something about this stock. If I buy one of these stocks, it does not mean I plan to keep them forever. I might sell them if their price would go up a lot and I feel it's time to sell.



I love Sales on my regular shopping sprays and I use this strategy for my stock shopping... :)

I added ROST to my list. I used to have it before but since I decided to invest mostly into Dividends stocks I removed this stock from my list.  But after reading analysis of Project3million here, I decided to put it back into my watch list.

I added SBSI - Southside Bancshares is a holding company for Southside Bank located in Texas.
I discovered this stock while reading http://compoundingincome.blogspot.com.

I also updated List of all my Dividends Stocks here. I added some stocks to my watch list and I plan to add more next week.

Please share your thoughts and watch lists.

Thanks for stopping by!