Compared to historical P/E, both RY and TD are overvalued. However, I would never sell any of them, since my objective is dividend growth - and they have been very shareholder friendly. If a stock on my list becomes overvalued, I simply stop buying it. But I wouldn't sell an income growth machine just because it got expensive. Who knows if by the time it gets fairly valued again it won't be trading higher than when I sold? Not to mention the dividends that I wouldn't be capturing to invest in other fairly valued business during that time. However, there's no one-size-fits-all, and there's nothing wrong locking profits and deploying capital to other businesses that are more attractive from a valuation standpoint. Different approaches, neither better or worse.Chance7652 wrote: ↑Mar 11th, 2017 10:14 amHi Rod, Thanks for the feedback on IPL and OHI!
Yesterday, I sold most of my shares in RY and doubled my position in TD on the 5% dip (I didn't time it perfectly but bought while it was lower). This is after I've already bought and sold, but how do RY and TD look from a value point of view?