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Jefferson Ridge

 
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  • Yields Of 6-18%: Unconventional Investments, Unconventional Returns [View article]
    Holding an MLP indirectly (via ETF/mutual fund) is not the most tax-efficient way. You need to hold MLPs directly to maximize the tax advantages (and thus, the yield).
    May 2 07:52 AM | 1 Like Like |Link to Comment
  • 2 Utilities To Beat 15 Dividend Champions [View article]
    Be careful comparing US and UK utilities. Earnings are less risky at UK utilities given they have an explicit inflation passthrough where US utilities have an implicit passthrough. Also, think of the currency exposure. Finally, dividend policies over there are not as stable/predictable as here. National Grid takes a fairly US approach to dividends given their huge shareholder base in the US, but the others in the UK are not so American. There may be value across the pond, but be wary of the risks.
    Apr 24 06:31 PM | 1 Like Like |Link to Comment
  • Top 12 Ideas For Your Portfolio In 2014 [View article]
    He said interest rates will rise due to a strong economy. This means growth, jobs, good stuff for consumers - who will be confident and able to buy homes despite the rising rates.
    Dec 13 03:24 PM | Likes Like |Link to Comment
  • Daktronics Displays Shareholder Friendly Practices And Operating Leverage [View article]
    I agree that buying at/below $10 is a good, safe (wide moat) idea. However, with the huge growth potential as the world adds more large displays - it might make sense to buy shares at even higher prices.
    Aug 20 01:17 PM | Likes Like |Link to Comment
  • Beverage Industry: Which Stock To Buy? [View article]
    I've owned a few different small/micro brewers over the years. I bought Pyramid (PMID) before it got taken out. I like Craft Brewers Alliance (BREW) today. Even SAM is pretty small. I'll need to look into MENB.
    Jan 19 08:13 AM | Likes Like |Link to Comment
  • Daktronics: Looking Out For Shareholders [View article]
    Most datasources tend to use formulas and have trouble excluding one-time/special items. You have to dig for yourself or get access to a premium provider like Bloomberg.
    Jan 11 10:26 PM | Likes Like |Link to Comment
  • Daktronics: Looking Out For Shareholders [View article]
    I believe the high payout ratio you reference reflects both the special and normal dividend. The special was paid with accumulated cash, not from one particular year's cash flow. The special may not continue if cash flow weakens, so the normal dividend's safety is what matters most.
    Jan 11 01:39 PM | Likes Like |Link to Comment
  • Beverage Industry: Which Stock To Buy? [View article]
    Yeah, solid way to get growth. I'd probably prefer Boston Beer to get growth. Not as global/emerging markets heavy, but a way to benefit from richer consumers domestically.
    Dec 23 01:02 PM | Likes Like |Link to Comment
  • Does SABMiller Taste Great, Or Is The Valuation Too Filling? [View article]
    What are your thoughts on what would drive SABMiller to purchase Molson Coors? I agree it's sort of an obvious move, but the market must be ignoring it -based on the Coors valuation today.
    Dec 21 03:07 PM | Likes Like |Link to Comment
  • Kinder Morgan President C. Park Shaper doesn't understand why Kinder Morgan Management (KMR) trades at a discount to Kinder Morgan Energy Partners (KMP), he told Seeking Alpha in an interview. "KMR shares are pari passu with KMP units," and have the "added advantage of allowing you to control when you pay your taxes."  [View news story]
    KMR trades at a discount to KMP because the company is underspending maintenance capex - reducing the future viability of its assets to fund a higher dividend today. Thus, because the KMR dividend is paid in stock, you are getting less worth in the future.
    Apr 15 03:25 PM | Likes Like |Link to Comment
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