Today CVS fell below $75 and I picked up shares at $74.11. The thing with CVS is that they have a mid 20's P/E, but their earnings are low only because they had a one-time big payout for the opioid epidemic. Without that charge, their P/E would be around 13.
I always tell people that paying too much for a stock is the cardinal sin.
I don't normally trade stocks. I buy them and hold them 5, 10 or more years. The key to long-term stock ownership is owning QUALITY stocks at low prices. This approach has worked extremely well for me.
