They say, "Good things happen to those who wait"…
Just take a look at the 18% share price fall of ResMed Inc. (CHESS) (ASX: RMD), last week…
…can you see the 'good thing'?
You can't keep a good thing down
For those of you who've done a little research on ResMed, you'll know it's a fantastic company.
So, you can imagine the overwhelming sense of joy I felt when I was able to buy its shares for a price 18% less than they were a day earlier. Crazy, huh?
For ResMed — a device maker for sufferers of sleep apnoea and related disorders — the news of an adverse trial had in my opinion very little impact on its long-term potential.
Yet, investors were spooked and heavily discounted the stock.
So I happily snapped up a big chuck of ResMed shares for my family's portfolio.
Although I'm in it for the long term, with a 6.2% appreciation in the shares over the past eight days, I'm already sitting on a healthy paper gain. You can't keep a good thing down.
3 more stocks I'd buy with $10,000 today
In 2015 buying out-of-favour stocks has become a regular pastime of mine…
And with the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) trading well-ABOVE its historical average, who could blame me for buying heavily discounted stocks like ResMed?
Earlier this year, I added some more shares of Woolworths Limited (ASX: WOW) and Coca-Cola Amatil Ltd (ASX: CCL) to my portfolio.
Combined, they already make up 15% of my total stock holdings, yet at today's prices I'm tempted to add more!
Falling 25% in just 12 months, Woolworths offers a 7.06% grossed-up dividend.
Sure, it's got some hurdles to jump to continue growing strongly over the long term, but even if its dividend holds flat for the next few years while it invests in new growth areas, I'll be a happy camper.
After all, what other choice do I have? Stick my money in a term deposit and earn, say, 3% per year?
I don't think so…
Coca-Cola Amatil too is yielding a dividend well in excess of term deposits.
Moreover, its 4.16% forecast dividend yield will likely come with 75% franking. Meaning, investors will receive a handy discount on their dividend income come tax time.
Despite a well thought-out turnaround strategy, Australia's distributor of Coca-Cola and Beam branded beverages isn't out of the woods just yet, but under the control of CEO Alison Watkins it's a bet I'm willing to take.
Finally, Computershare Limited (ASX: CPU) is a stock I'd buy again with $10,000 today. The $6.8 billion share registry giant is a multi-national services business with healthy exposure to rising U.S. interest rates.
Since Computershare administers dividend payments on behalf of its clients, it can hold huge amounts of funds for a short period of time.
Whilst organic growth can also be expected — as can a handy 2.7% dividend yield — revenues from upward movements in U.S. treasuries will drip straight onto the group's bottom line (profit).
BONUS: Our BEST stock pick of 2015
As can be seen from my disclosure, I already hold each of these four blue chips in my family's portfolio. However, there's one more ASX stock which I think is an even better buy than all four right now!
