How do you like ’em apples? I added to both of my Apple holdings today. This was partially preparation for the somewhat planned exit on Norwegian positions. Apple Inc. has been on the news lately as they have apparently cut down the iPhone orders from key suppliers. This may very well be true but I have some thoughts how this will eventually play out. Don’t know about the short term but long term fundamentals are there. For me the valuation appears to be quite reasonable so I bought additional 10 shares for 185,88 USD per share.
Apple Hospitality on the other hand is very much cyclical REIT which has been trading lower for quite some time. This a position that I consider to be full for the time being. However I probably will be buying this one on the way down once the economical cycle in US truly turns. In the meantime it should provide nice dividend stream while waiting for the tide to turn. I bought additional 200 shares for 15,63 USD per share.