MightyMo's Blog : WMT: Wal-mart - one of the safest stocks on the planet

Nothing lasts forever. As stated on previous occasions, I have been paring down my holdings in super-growth stocks (those I call the pigs with share prices over 90) and just holding on to the best. 

With the thought of holding profits and the preservation of capital, I have been rotating to a number of securities that pay dividends. I am also very interested in holding 'safe' stocks that pay a dividend. This works, in a sense, as a hedge against my more speculative holdings.

(WMT) Wal-mart, in my opinion, is one of the safest stocks. The year 2008 was one of the worst for the market. As such, I see myself going back and analyzing how certain securities performed during that horrible period.

WMT was one of the few stocks that did well, advancing 15% for the year in share price. As a bonus, wallmart pays a dividend and has done so for many consecutive years. In fact, it has 35 CONSECUTIVE years of DIVIDEND INCREASES.

Coupled that with how well it performs in rough times (2008) and it just  has to be one of  the safest stocks to own on the planet.

WMT is down today, as retail is down due to the job claims report, and it is always good to buy on a small dip.