I'm Long Goldman Sachs, You Should Be Too

7/6/17

I have decided to write a series of articles on the performance of my most recent equity investment, Goldman Sachs Group Inc. (NYSE:GS). This article, the first of the series, will touch on what sparked the buy order, a review of Goldman Sachs’ most recent financial results, a look at my returns thus far, and finally a recommendation on Goldman Sachs at current prices. I will look to write an update on my investment every three to six months.

I entered into a long position in Goldman Sachs on April 18, 2017. Now, I know it has not been long, but I have only recently begun writing articles on Seeking Alpha and would have liked to have written an article on why I was going long Goldman Sachs in the first place. Goldman closed on April 17, 2017 at a price of $226.26, with normal trading volume during the same day. The price, while down from the start of the year, was in line with where Goldman had been trading for a few weeks. Once I saw news of Goldman dropping approximately 6%, I began to investigate. The first thing that caught my eye the morning of April 18, 2017 was that Goldman decided to raise its quarterly dividend from $0.65 to $0.75 ($2.60 to $3.00, annually), obviously not the reason for the drop, but attractive news.

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