I now have a link at the top of my page to my Watchlist. This watchlist is made up of companies only on the CCC list. That’s the Champion, Contender and Challenger list of companies with at least 5 years of dividend increases.
I’ve included several companies that I’d like to own at some point. Companies such as Unilever (UL), Procter & Gamble (PG), Lowe’s (LOW), Aqua America (WTR), Baxter (BAX), and General Parts Co. (GPC) just to name a few.
It’s impossible to own every good company. I’m targeting a 40 position portolio if you saw my Business Plan. The reason I don’t already own some of these companies is not that they aren’t great companies. It’s mainly because I found a better opportunity at the time. Remember what Warren Buffett said? “Price is what you pay. Value is what you get”
There’s exactly 50 companies on the list. This is primarily for two reasons. First, Google Docs will only let you have 50 importhtml functions in a single spreadsheet. Second, I’ll never add an additional 50 companies to my portfolio. This is more than large enough to find a solid company at fair value.
Notice that the companies are sorted by starting yield, with the highest at the top. I’ve also got columns for their current price (updated in real-time), % above/below their 52-week low, beta, market cap, and sectors.
If a company is within 10% of their 52-week low, it’s highlighted in green automatically. This could be a buying opportunity or it could be a warning. Further research would be required.
I think this is a quick and easy snapshot of 50 companies. All of this information is pulled automatically so I find it helpful. I may add/remove companies at my discretion.
How do you utilize a watch list? Any companies you think I should have included/excluded?