The fund purchased shares of Apple today. The price paid for the shares was $103.27. The reasons for the purchase are as follows:
- The shares are currently at a 11 P/E ratio
- Increasing revenues
- Increasing markets
- New products (TV, Watch) expanding
- Dividend of $2.08
The plan is for the fund to hold onto shares for good.
**All posts on this blog are information and opinions only. They are not to be considered recommendations to buy or sell any security. Please do your due diligence first before trading and investing. Please direct all questions and comments to the blog or to kdkfund@gmail.com or on twitter @kdkfund.
The Sensex managed to touch its fresh 52-week low of 24,829 in intraday trade and closed at their 4-month closing low.
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