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  • It's A Wonderful Herbalife: An Honest Appraisal
    Wed, Aug. 20 HLF 99 Comments

    Summary

    • Herbalife is an extremely controversial stock, but basic fundamental analysis can determine whether it is a Buy, Sell, or Hold at current levels.
    • HLF screens as very cheap based on cash flow measures like dividend discount models, less so on balance sheet measures like EV/EBITDA.
    • Fair value for HLF under DDM scenarios range from $15 - $57. More aggressive inputs could create an even higher target price.
    • Fair value for HLF under P/E measures ranges from the low-$40's to the sell-side consensus of $90 and up. EV/EBIDTA valuation measures give a similar range.
  • A Basket Of 5 Bear Market Dividend Stocks Yielding 5%
    Wed, Aug. 13 ACSF, CTL, MWE 17 Comments

    Summary

    • Despite a recovery YTD, dividend-paying stocks have been on the outs the last few years.
    • Mean-reversion indicates that dividends will soon become more of the composition of equity total returns than in the recent past.
    • Go with strong generators of cash that can easily cover their dividend with minimal credit risks and without high fixed costs that boomerang against companies during slowdowns.
    • A defensive Fab Five: CenturyLink, Royal Dutch Shell, MarkWest Energy Partners, American Capital Senior Floating Ltd., and Philip Morris provide a blended 5.6% dividend yield.
    • Don't stretch for yield and go with stocks or businesses that can adjust if rates rise a bit to reflect a stronger economy, as unlikely as that seems now.
  • Another Brazilian Clunker: Petrobras' Coming Debt Debacle
    Tue, Jul. 22 PBR 33 Comments

    Summary

    • Petrobras has world-class reserve and resource potential, but it might be too much to digest.
    • The company's debt levels are at wildcat E&P levels, without the balance sheet strength of other supermajors.
    • Petrobras has been used as a piggy-bank by the Brazilian government; will this ever end?
    • Petrobras will not go bankrupt if the Brazilian economy or oil prices slide but the debt will get uncomfortable attention.
    • The stock has run up on expectations that a new government will be more pro-shareholder friendly, but wait for a better opportunity down the line.
  • mREITs: Double-Digit Returns At The 2014 Half-Way Mark, More To Come!
    Wed, Jul. 16 AGNC, AMTG, CYS 60 Comments

    Summary

    • Mortgage REITs are trading at 10% discounts to book value.
    • Mortgage REITs are yielding 12% with dividends cut to sustainable levels.
    • 5 names for your basket: AGNC, CYS, TWO, MFA, and AMTG. Yield, diversity, and the ability to thrive in rising and falling rate and economic conditions.
    • Preferred stock is a new and growing segment for mREIT investors; they offer competitive yields to the reduced dividends in the sector, while offering a more senior capital position.
  • Why The JPMorgan Settlement Sucks For Investors
    Oct. 25, 2013 JPM 30 Comments
  • Is It Safe? Mortgage REITs Offer Deep Value And 15% Yields
    Sep. 11, 2013 AGNC, AMTG, CMO 73 Comments
  • 5 mREITs That Survived A Hellish Quarter Yielding 14%
    Editors' Pick • Aug. 14, 2013 AGNC, AMTG, CMO 43 Comments
  • 5 Bullet-Proof Dividend Growers Paying Almost 5% - The Sequel
    Aug. 1, 2013 E, INTC, MO 60 Comments
  • Upstream Your Portfolio With 5 E&P MLPs Yielding 10%
    Aug. 1, 2013 BBEP, EVEP, LINE 63 Comments
  • Why The Shorts Are Wrong About Linn Energy
    Editors' Pick • Jul. 15, 2013 LINE 321 Comments
  • Welcome To Bottomsville: mREITs Offer 25% Returns
    Jun. 28, 2013 AGNC, ARR, MFA 126 Comments
  • American Capital Agency's Dividend Cut Is Good News For mREIT Investors
    Jun. 19, 2013 AGNC, ARR, CYS 121 Comments
  • 5 MLPs For The Next 10 Years Yielding 7%
    Jun. 12, 2013 ETP, LINE, MWE 52 Comments
  • The Mortgage REIT Bloodbath: How To Protect Your Portfolio
    Jun. 4, 2013 AGNC, ARR, CYS 137 Comments
  • American Capital Agency And Mortage REITs Post-Memorial Day Sale
    May. 29, 2013 AGNC, ARR, CYS 138 Comments
  • Stocks For The Penthouse: 5 Stocks Centerfolds Would Love
    May. 29, 2013 AGN, EL, LO 15 Comments
  • Don't Panic: Survival Guide To Prospering With Mortgage REIT 12% Yields
    May. 20, 2013 AGNC, ARR, NLY 144 Comments
  • CenturyLink: No Home Run, But Q1 Earnings Are A Solid Double
    May. 13, 2013 CTL 7 Comments
  • Battle Of The Telecoms: AT&T And Verizon Vs. CenturyLink, Windstream And Frontier
    May. 8, 2013 CTL, FTR, T 40 Comments
  • 'Oils Well' With These Energy Stocks: 40% Upside Plus 6% Yields
    May. 3, 2013 APC, BTE, DVN 35 Comments
  • Top 10 Things You Need To Know About Gold - But Were Too Afraid To Ask
    May. 2, 2013 AEM, AUY, FCX 27 Comments
  • Mortgage REIT Investors Should Ignore Regulatory Static From Washington
    Apr. 24, 2013 AGNC, IVR, MTGE 45 Comments
  • Smoking Out Safe 4% Dividend Yields
    Apr. 18, 2013 BTI 45 Comments
  • You Missed The Stock Market Run-Up...Here's How To Make Money On The Coming Decline
    Apr. 15, 2013 AGNC, NLY, QID 27 Comments
  • 5 Defensive Dividend Stocks That Average An 8% Yield
    Apr. 11, 2013 CTL, LINE, MO 31 Comments
  • Fight The Fed: 5 BDCs Yielding Nearly 10% With Safety Limits
    Apr. 3, 2013 FSC, GBDC, HTGC 17 Comments
  • 5 Speculative Stocks That Could Soar By 2014
    Mar. 28, 2013 DNDN, KOG, MPEL 19 Comments
  • Welcome, 2016: The Coming End Of The 16-Year Bear Market
    Mar. 20, 2013 SPY, DIA, QQQ 35 Comments
  • 5 Hybrid mREITs Yielding 12%: Q4 Review
    Mar. 12, 2013 IVR, MFA, MTGE 30 Comments
  • 5 Bullet-Proof Dividend Growers Yielding 5%
    Editors' Pick • Mar. 6, 2013 BCE, LMT, PAA 147 Comments
  • 13% Is A Lucky Number: 5 Agency mREITs Q4 Review
    Feb. 28, 2013 AGNC, ARR, CMO 44 Comments
  • CenturyLink: How A 7% Yielder Hit Into A Triple Play
    Editors' Pick • Feb. 15, 2013 CTL 178 Comments