Brad Prigmore

Brad Prigmore
Contributor since: 2012
WSP
What do you think about KO at around 67? That would be the 6 month retracement. Would you not advise selling cash secured puts?
Good call on MCD. I am looking to pickup some shares around $82.5. You want to know the funny part. This article was blatantly ripped off by the Mumbai Times. Now I know I am on the wrong side of the trade...
http://bit.ly/NeIyTt
I have been a math guy my whole life and my IQ is off the charts. I was lucky enough to make a small fortune playing online poker. I was even luckier to invest a majority of that fortune only in AAPL in the 100's during my undergraduate years because it was the only stock I really knew and trusted. On Black Friday of last year, the government seized all US online poker sites and froze our bankrolls. It became apparent later that one of the largest poker sites was in essence a ponzi scheme. I was forced into this slum of uncontrolled greed to try to replace that revenue scheme. Investing is not a lot different than poker, though. Emotions run rampant and create opportunities. In poker you are dealing with not only probabilities but the unpredictability of another human being(market). Most often numbers dont lie, though. Stock earnings reports and SEC filings are pure numbers and can be dissected accordingly. My family is also fabulously wealthy, but I have used my own merits to succeed. During my teenage years I toured the world playing tennis. I received a scholarship to play tennis in college and graduated. I played professionally for a few years but did not make enough money. Then I found poker, then I found investing....
haha I am less than 10 years out of middle school so you tell me who doesnt belong :)
Listen, I am sorry this comment section degraded into what it has become. My intention was not to offend the greatest generation. I give respect when I get it. I have worked hard early in my life to set myself up to to retire by 45. My goal is to inform the younger generation to not be so disillusioned with the market and to take control of their own future. I am sorry my writing seems so 'superficial' to people who have been around for 40+ years. You are not my target audience.
How about you try harder Paul. Put a face to your name. Become a contributor, share your own views. It is a lot harder to put your own opinions out there to the public opinion rather than to sit and snipe from the comments. What I like about the older generation is that they were a can do generation and did not always focus on the negative or gloomy scenarios. They saw the positive in America.
But just remember the words of Theodore Roosevelt:
"It is not the critic who counts: not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself for a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat."
Thanks for the comment and I appreciate your tone. It is a lot more productive and condusive to meaningful discussion!
Richjoy,
I always appreciate comments from the older generation but my original problem was with your tone. It was clearly condescending. You obviously have not read my other articles as you have no frame of reference. Read my article on ETG. I fully understand there is risk involved with every investment and I clearly articulate that in my preceding articles. You are a one article drive-by commenter, which is fine. SA is full of them and they are usually the 'grumpy old men' variety. Your concerns are the same old cliche concerns year after year. Somehow they seem to stand the test of time. How about this, Rich, t's certainly possible that some unimagined "cheaper alternative" brand could undermine KMB and I realize that it's inherent in the nature of disruptive technologies that not many people see them coming. Still, I'd take the disruption prospect more seriously if you could get give me a plausible, step by step scenario in which an aspiring rival--even a very well-financed rival that already has valuable assets on the global scale--could successfully invade KMB's turf.
In an era dominated by retailers whose shelf space makes them franchisers to whom manufacturers must pay tribute,KMB is the most dominant exception because their brands are the franchise.
Rich,
I understand what you are saying about only focusing on the positives. I have 40 plus years till retirement so this recent blip on the radar is of no concern to me except it hopefully will present a buying opportunity. Yet with KMB I do not need to worry about growth, stability, market saturation, or most importantly ROC. I do not need to do constant research or pour through every 10Q or K filing. They will be the king of personal health as long as humans keep producing waste and fluids. I can go face my own personal goal of climbing Mt. Everest and know that if I come home my investment, future retirement, family retirement, and my future kids college money will be there compounding. Growing slowly, but always growing.
Thanks for the kind words guys. It takes a while to go through individual names. I am not familiar enough to comment on those names. Perhaps I can research them in some in depth articles. I don't know about you guys, but I am looking forward to this pullback continuing as it is already starting to provide some great long-term bargains. Somebody mentioned COP and I think it is extremely undervalued. I think I will start getting my toes wet if it dips under 50. It is now yielding over 5%....
I wrote an article on my position on INTC. You can read it here. I think AAPL and INTC have a symbiotic relationship ahead.
http://seekingalpha.co...-
MSFT is also an excellent choice. I really like their gaming platform and have been pleasantly surprised with their ability to monetize it. The cash position also provides a lot of room for mistakes and opportunities.
I do not know that much about LMT but it seems to me that military spending is to be cut and not increased in the coming future due to budgetary concerns. Nevertheless, they seem to have a great history of increasing payouts. I need to do some more research.
I do not like GE.
First off congrats on taking your future by the horns and starting early! Second, I see you have a ROTH which is another positive. I plan on being way wealthier when I hit retirement so a traditional IRA is not for me. Third, I would have to go with KO. They are an example of perfect branding. I mean, c'mon, it's carbonated water, sugar and syrup. The bottling costs more than the product.
Through quality and quantity advertising over the years, KO has built and sustained this iconic brand to become known throughout every corner of the globe. Their brand is arguably the most stable business asset that KO has.
Great additional info! The difficulty for these CEF's is meeting its distribution payout without the help of destructive return of capital.
In this low rate environment, people are trying to justify these unsustainable yielding CEFs that pay back the very money you put in and you get taxed again on that money. ETG at least is paying whats its earning.
I had them removed because they did not benefit the conversation and reflected negatively on all involved, including yourself. Good luck investing 1sd.
If you have no moral obligations, I think MO and PM are great additional picks that I would bet the farm on...
Thanks for the comment! What a great story and a testament to the killer end game provided by prudent dividend growth investing. The younger this strategy is started the better. It is sad because a lot of the younger generation are more inclined to instant gratification rather than seeing what potential there is long-term in this strategy.
You have 4 comments regurgitating the same spiel. As a past consumer who used HP products for the majority of my life I can say I have been continually disappointed with their product line. Their printer business is basically extortion.
I filed my claim last year for my 2 eligible HP printers, not that I expect to get a penny from it. They didnt make it terribly easy to file. Aside from the fact that the website listed 2 different codes for each printer model (neither of which is listed on the printer itself), and asks for the serial number, which is printed in such a tiny and indecipherable font, I'm still not sure I read it correctly, it also asked you to sign an attestation that you purchased an inkjet cartridge to replace a cartridge that was not yet empty. (In other words, you have to admit to being idiot enough to take HP's word that the cartridge is empty, rather than doing what any sensible person would do, and wait for the print quality to degrade.)
But wait -- that isn't even the problem with my printer. MY printer (Officejet 6500), which I bought because it was listed as a Consumer Reports Best Buy, and SPECIFICALLY because it was supposedly so economical on ink, is the biggest ink guzzler ever. I went back and forth with HP support over this issue in 2009, a few weeks after I bought the printer, when it stopped printing black because the color cartridges were empty. I hadn't printed anything in color, but the scripted response from India was that the printer uses color to make the black blacker, or some such hooey.
I ended up doing my own troubleshooting, and learned that it was primarily an issue whenever I printed anything from the MS Office suite -- which is about 99% of everything I print. Somehow, it defaults to not recognizing the Officejet printer, so I constantly have to go in to Page Setup or Format Document to be sure it's set up for OfficeJet instead of "Any printer". More than a year later, I'm STILL running out of color ink every time I turn around, the printer won't print black when even one color cartridge is out, and my Office documents still seem to default to "any printer". I'm not sure if it makes a difference that I'm using a Mac. Probably not. Inferior printers are still inferior printers.
I suppose if I get ambitious, I could write a letter to the court explaining why I don't think the proposed settlement is fair (you have to be part of the class to do this, which is why I filed the claim), but it seems like more trouble than it's worth. A fair settlement would be replacing all poorly-designed printers with new ones that don't guzzle ink or lie about how much they're using, but HP will never agree to that. They probably don't even know HOW to build decent printers any more.
It's a shame, because HP used to be a reputable company. It's also extremely disappointing that this whole thing has shaken my confidence in Consumer Reports, because I relied on their opinion of this product, and now I'm stuck with replacing color cartridges all the time just to print in black, or buying a new printer to replace one that still functions.
You really must have a joke of a life to keep stalking my articles. I honestly feel sorry for you.
The name was approved by more than 90 percent of shareholders who cast a vote. Whether that constitutes 'unanimously' is up for interpretation I guess.
Of course the 1% got their piece, I am not debating that. I just wanted to be part of the initial IPO but it became such a dog and pony show I think people are responding negatively to it.
This whole IPO has been a nightmare.... I had high hopes for it but it has just been one unmitigated disaster.
If the facts change I will sell but I cannot see this as anything other than speculation. There is value in this company.....how much is yet to be seen. Perhaps it is prudent to wait until the dust settles and speculation is over before entering.
Thanks all for taking the time to read and reply. Do you not think Social Media as a business has a future? Look, I know the older generation does not 'get' or see the potential for Facebook. It reminds me of my grandparents and parents not wanting to use the Internet or e-mail when it initially came out. There is always resistance to something new. Make no mistake, though, this is no Yahoo and I feel that comparison to be a bit misdirected. If the all powerful all knowing Google could not compete on their playing field, who can? The younger generation, I am talking 14-18 is where this company's future lies. I doubt any of them are reading this site.
Well, then, Douglas could you comment on my first question since you took the time to interject your opinion on my article. The whole purpose of the article was to highlight Gold related dividend payers....to my knowledge GDV is not gold related and therefore not relevant to my article. The point of my article was gold is a real option against this anemic market, which came true today as all gold related assets had a nice pop. The ETF suggestions you mentioned would not fit my criteria of a significant dividend payer like the choices in my article. You then mentioned buying and writing covered calls on your choices. I merely asked your opinion on whether you feel selling cash secured puts on those names would be a more prudent option than buying and selling covered calls.
GGN was up considerably today while GDV continues to get slammed. It basically performed as well as the ETF's you mentioned while also providing close to a 12% paid monthly dividend. Any comments, or was this just a drive by comment?
Thanks for the advice. I am just now getting integrated with the other world that is these types of funds. Would you recommend selling a cash secured put in lieu of that ETF covered call strategy?
The risk analysis has changed since my article. I do not like $CHKR at all because of management.
If SandRidge (SD) is 100% ok, then $PER is likely a relative good value for yield. I believe, however, that we can buy a $LINE, $VNR that yields around 10% and is not a finite lifespan trust.
Everything is in terms of perspective. I think I would buy protection on any trusts that I am buying right now.
TICC continues to outperform this sagging market. I am contemplating selling into this strength. I have a feeling the market, unfortunately, is headed much lower by August.
TICC continues to outperform this sagging market. Sell into this strength? I think the market, unfortunately is headed much lower by August.
What do you guys think about selling cash secured puts at around 12?
Any questions?