Dang, picked up the remainder of what I had allocated for RF at $8.05 the other day, but if it drops another dime and change, might have to pick up some more. Seems currently, I need to add some DEG (3.07% yield), INTC (4.28%) and OMI (3.00%) to bring my portfolio into better weighting, and even though GE (3.30%) and MRK (3.79%) are 2 of my larger holdings, the yields there have me tempted.
Sometimes, it's better to stay the course, bring the portfolio back into what I have as an acceptable balance, than take a side road. May hurt at times, but if the portfolio is balanced somewhat, and one has a pre-determined "business" plan for it, takes a bunch of emotions out of the decision making process.
Anyways, to answer if under $8.00, RF is on sale, I think yes, but, I have my plan, and apparently bought more a tad too early, but I never actually buy at the lows anyhow.