This afternoon I added to my position of Norfolk Southern (NSC). I bought 19 additional shares at $64.96 plus commissions which will provide $35.72 annual income. Norfolk Southern has hit a rough patch the past few months with concerns over coal transportation revenues. I look at this as an opportunity to buy a company I like at cheaper prices. It should go ex in less than a month so I figured now would be a good time to get in.
It has been exciting to see the market decline the past week or two. It's refreshing to check my watch list and find many companies trading at reasonable prices. At this point in time I'm also looking at OMI, BNS, and APD. I'd love to add to CVX if it continues to decline. I would also note that UNS is attractive right now for those looking at utilities.