Practice Knife-Catching With These Undervalued Dividend Stalwarts

Timing the bottom of the market is as impossible as timing the top of the market. What's more reliable is sticking to tried-and-true value investing.
For those who, like me, went into this bear market with a significant cash position, there are ample high-quality dividend stock buying opportunities out there.
Neither the coronavirus nor the mass quarantine reaction to it will last forever. There will be a future for us after COVID-19.
Now is the time to wade into the market by buying the companies that will survive and thrive in the post-coronavirus world.
I humbly suggest five themes: Going where insiders are buying, picking up some fast food, calling on telecoms, coming home to apartment REITs, and shopping for grocery-anchored retail centers.
Introduction: To Catch A Falling Knife
In September 2019, I wrote an article titled "The Rich Are Hoarding Cash, And So Should You." Indeed, all through last Fall, I advocated establishing and maintaining a decent cash position of, say, 15-20% of one's investable capital. As the market kept going up and up and up, this advice began to seem more and more and more unreasonable. In mid-February 2020, if someone had abided by my suggestion, one might well have felt embittered at the missed opportunities. There are always some who criticize the seemingly tinfoil-hat nature of calls for raising cash when times are unsustainably good.
But how many of those people sold at the top in mid-February? If they didn't sell at the top, how are they any better off than those who trimmed positions in September 2019 in order to raise some cash?
And now that I and many others are putting capital to work by buying stocks, another crowd of naysayers have come along proclaiming, "Don't try to catch a falling knife!" What searching wisdom!
These folks either (1) sincerely believe that they have the unique ability to put 100% of their dry powder into the market at the exact bottom or (2) they would rather wait until it... Read more