I
bought a few shares of V. F. Corporation (VFC) in February 2017. I
thought that it has a good valuation at $50.30.
When I bought the
shares, the P/BV was 4.21 and the P/S was 1.71, but now I calculate
P/BV 7.62 and P/S 2.50. The P/E was 19.80 at the time of my purchase,
and I felt, that it is a good opportunity to buy a dividend
aristocrat.
Now, (as I calculate) the P/E is 28.52, which is a really high value for a
company which has only single digit long term revenue and EPS growth
rate. So these ratios show me, that it is better to realize my
profit. I sold my shares at $74.14, which gives me a really good
capital gain. I think that I will find much better investment
opportunities for my money in the next few months.
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