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Clay King

 
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  • Electric Utilities Might Belong On Your Sell List [View article]
    If one is going by true sp500 allocations, then elec. ute's are a side issue, hardly worth the consideration. If looking for yield, or opportunity then that is another matter......
    Aug 22 03:50 PM | Likes Like |Link to Comment
  • Electric Utilities Might Belong On Your Sell List [View article]
    No more confused than I......In double checking my database records I now think they were not adjusted for the spinoff, about a 10 for 6, which would make my early 1980 yeilds too high. So I need to go back and change what is required for my so records. Doesn't really change my premise though. Yields are at all time lows and that means poor value. Not to say that prices have to jump back up to those higher levels anytime soon or ever. Also the climb back up will be slow I do believe.....but fast or slow, still not great value here, so I'vegone elsewhere for investments........

    We both learned something here, as Mulder said on Xfiles, trust no one.......
    Aug 22 02:37 PM | Likes Like |Link to Comment
  • Electric Utilities Might Belong On Your Sell List [View article]
    No, what I am saying is that SO says that their data is the "actual" trading price for that day, which means that it is not adjusted for splits.......only answer that I know that works......call 'em to check it out....
    But then it says that it is split adjusted and is provided by a third party. I remember that time period quite well, don't remember a yield of 4% onthe shares, as I worked in the so area, and was quite active in the stock during those times......not sure what the quote problems are.....
    Aug 22 10:19 AM | Likes Like |Link to Comment
  • Electric Utilities Might Belong On Your Sell List [View article]
    Well, perhaps. If you wish to own 30 year low interest bonds at this time, that is of course, your right. Me? No way......................
    Aug 21 09:46 AM | Likes Like |Link to Comment
  • Electric Utilities Might Belong On Your Sell List [View article]
    I checked ycharts, bloomberg, and, Baseline and several others. All say my data is correct......To even assume that in 1981 with interest rates at the level at that time that SO only yielded 4% is a stretch.
    Aug 21 09:42 AM | Likes Like |Link to Comment
  • Electric Utilities Might Belong On Your Sell List [View article]
    Their web site on dec. 31 1981 does say 12 bucks. However, it is also the actual trading price that day, not adjusted for splits etc. Every source i have says under 5 dollars a share
    Aug 20 03:53 PM | Likes Like |Link to Comment
  • Electric Utilities Might Belong On Your Sell List [View article]
    Long term trends in interest exist. As to when this downward trend will end to an upward one with wind to its back is difficult to predict. I will not hit the top, but I have no intention to wait around for during what, I consider, to be in the area...........
    Aug 20 01:01 PM | Likes Like |Link to Comment
  • Electric Utilities Might Belong On Your Sell List [View article]
    Well said................
    Aug 20 12:59 PM | Likes Like |Link to Comment
  • Electric Utilities Might Belong On Your Sell List [View article]
    Apop..........good for you. When interest start back up, I do think it will be slow and gradual, however, it will like putting the crab in a pot of cold water with the heat on.....before you know it, and with only a slow warning, it will too late to get out....to me, that is the current problem with the current environment. Yea, a 3 yr maturity in the bond fund is not too, however, with a fund, it will alwlays be 3 years, so it will not take much to lose what little interest you are getting............
    Aug 20 09:46 AM | Likes Like |Link to Comment
  • Electric Utilities Might Belong On Your Sell List [View article]
    Failed to answer your zero wieght question. I will go there myself, but not rec. except for those that are more agressive. But if one can find better growth elsewhere, why hold ute's?
    Aug 19 10:44 PM | Likes Like |Link to Comment
  • Electric Utilities Might Belong On Your Sell List [View article]
    Will the 80's happen again, well, no time soon, but, I'm sure market volatility will, always has, always will. History does not repeat so much as it rhymes.Interst rates go through long periods and the next one will be upward is my guess, not the best environment for utility stocks.
    Aug 19 10:40 PM | 1 Like Like |Link to Comment
  • Electric Utilities Might Belong On Your Sell List [View article]
    Yes, sector weightings do play for me. Much might depend on one's age and also their need for income. I've no problem with the ute's being an OW, but I just don't think that current valuations are cheap enough. For instance, nee and d both have fairly low yields where I would rather own a GE for instance with nearly the same yield, and I think much better prospects of both dividend and earnings growth. It has usually been my portfolio policy to stay in the 50-150% range in sector weights, both with sectors such as ute's, which are so low anyway, I have no qualms about going to zero. Your list seems find longer term for an average. I rely more on valuations to shift mine, but will admit, less shifting in done in my taxable accts than my IRA accts.
    Aug 19 10:37 PM | Likes Like |Link to Comment
  • Kinder Morgan deal risks unpleasant tax surprise for some investors [View news story]

    About half and half in my case........
    Aug 15 10:57 AM | Likes Like |Link to Comment
  • Kinder Morgan deal risks unpleasant tax surprise for some investors [View news story]
    Ditto..........bought mine in jan of '09 so almost a double just by itself, not to mention the reduced price, so a big tax bill to come.....thankfully, mine isnot a big position, but still a big tax bite that I was not expecting..
    Aug 13 10:34 AM | Likes Like |Link to Comment
  • Examining Dividend Aristocrat Series: McDonald's - Buy, Sell, Or Hold? [View article]
    Thanks SR.
    Aug 7 05:20 PM | Likes Like |Link to Comment
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