SMRT Corporation (S53.SI) used to be a darling among dividend investors due to its resilient earnings, defensive nature and stable dividend payouts. Its last highest trading price was on 5 July 2010 when it hits a high of S$2.31. Since then, it went on a spiral downwards rollercoaster ride to a low of today's closing price at S$1.515.
1.) SMRT is on a 52-week low. I'm going to pick them up at S$1.60. If it goes down to S$1.50, I'll average down and if it goes to S$1.40, I'll average down again.
2.) The market looks expensive at the moment. The only stock that looks "cheap" to me is SMRT.
3.) SMRT is one company in Singapore which will not go bust ......
