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Joseph P. Porter  

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  • 5 Biotechnology Bargains Revisited
    Wed, Apr. 15 ANIK, BSTC, ENTA 6 Comments

    Summary

    • This article follows up on five biotech companies I covered 18 months ago, all of which have realized growth - some as much as 200%.
    • Using the same fundamental data as 18 months ago, I find that three biotechs have been replaced in my rankings by companies having better fundamentals.
    • Two of the companies I discuss represent solid, well-established holdings; a third company, while a bit riskier, has the potential for significant upside.
  • Actively Pursuing Growth: Validea's Market Legends ETF
    Editors' Pick • Thu, Mar. 12 VALX 9 Comments

    Summary

    • The Validea Market Legends ETF is an actively managed fund focusing on models based on strategies used by some of Wall Street's greatest investors.
    • The portfolio is constructed by selecting holdings from the best models out of a field of 17 tracked by Validea.
    • The fund focuses on growth of share value rather than dividends, and leans toward small- and mid- cap companies.
  • 5 Reasons To Consider Buying AMZA
    Editors' Pick • Fri, Feb. 27 AMZA 23 Comments

    Summary

    • AMZA is the first actively-managed C-corporation MLP ETF and was issued in October 2014.
    • The fund made its first distribution in January 2015, and at $0.50 would project to amount to a roughly 9% annual yield.
    • I provide five reasons to consider buying this fund, ultimately relying on the skill of the fund's manager.
  • HIPS: A New Take On High-Income, Multi-Asset ETFs
    Editors' Pick • Wed, Feb. 11 HIPS 24 Comments

    Summary

    • HIPS is a new ETF focusing on high-income pass-through securities, containing six categories of holdings.
    • I analyze the fund through comparison in four general areas: MLPs, CEFs, REITs and BDCs.
    • Although the issuer has not divulged dividend information as yet, I have been able to compute the anticipated yield for this ETF.
  • The ETF Retirement Portfolio Revisited
    Wed, Jan. 28 INKM, IYLD, SPLV 12 Comments

    Summary

    • After nearly its first full year, my ETF Retirement Portfolio is a qualified success; I continue to keep skin in the game.
    • Most core holdings have performed very well.
    • Some changes have been made to boost dividend yield and shore up the portfolio's overall performance.
  • Dogging The Dow: 2 Years On
    Mon, Jan. 5 CSCO, CVX, DIA 10 Comments

    Summary

    • My trial portfolio based on the Dow Jones Industrials soundly beat the DJIA in 2014.
    • In two years, the trial has increased in value by nearly 50%.
    • The 2015 trial portfolio has only two changes, with both McDonald's and Merck getting dropped.
  • Ignore ETF Expense Ratios? Maybe
    Dec. 18, 2014 IVV, PCEF, RSP 35 Comments

    Summary

    • An ETF's expense ratio is misleading, in some ways, as it only relates a fund's expenses to the size of its AUM.
    • When trying to determine the true nature of the burden expenses place on a fund, it would seem desirable to relate them to the fund's income.
    • It would serve the transparency of a fund better if expense reporting was standardized, with the data articulated in pertinent categories.
    • I propose a new metric to be used to clarify the relationship between a fund's expenses and its distributions.
  • Guggenheim's RSP: Equal Weight Or Dead Weight?
    Nov. 26, 2014 RSP 37 Comments

    Summary

    • The article examines whether an equal-weighted ETF following the S&P 500 would outperform market-cap-weighted funds.
    • Cap-weighted funds by Vanguard, iShares and SSgA seem ultimately to be equivalent, in terms of performance.
    • Guggenheim's equal-weighted fund seems more sensitive to market movement than the cap-weighted funds.
  • REM And MORT: Mortgage REIT ETFs For Growth And Yield
    Nov. 6, 2014 MORT, REM 39 Comments

    Summary

    • REM and MORT are among the highest-yielding ETFs, while also offering attractive growth.
    • These ETFs, while offering attractive returns, also involve four very serious risks.
    • Ultimately, there may be no significant difference between these funds from an investor's perspective.
  • Real Estate ETFs For Growing The Retirement Portfolio
    Editors' Pick • Oct. 28, 2014 ICF, KBWY, REZ 27 Comments

    Summary

    • Real estate ETFs not only provide excellent growth potential for the retirement portfolio, but also provide good dividend opportunities.
    • The 13 ETFs considered for this article have an annualized five-year growth rate of more than 17%.
    • Two of the ETFs discussed are almost exactly the same, but for one rather odd holding that one of the ETFs has.
  • Consumer Defensive ETFs For Growing The Retirement Portfolio
    Oct. 20, 2014 FXG, PBJ, RHS 2 Comments

    Summary

    • Consumer defensive companies address the same sort of persistent demand as utilities, and have the same potential for growth.
    • Three of the ETFs presented here have more than doubled in value - not counting dividends - over the past five years.
    • Thirteen companies that are held in each of the portfolios presented here have provided a substantial base for the performance of these ETFs.
  • C-Corporation MLP ETFs: Why Wait?
    Oct. 13, 2014 AMLP, MLPA, MLPJ 12 Comments

    Summary

    • C-Corporation MLP ETFs offer a way to put MLP-sized distributions in tax-deferred retirement accounts.
    • The issuer pays corporate taxes on earnings before distribution, which could result in extremely high expense ratios.
    • These ETFs give the investor MLP income without the complications involved with tax form K-1.
  • Newer IT ETFs For Growing The Retirement Portfolio
    Oct. 9, 2014 FONE, PSCT, SKYY 2 Comments

    Summary

    • All of the ETFs considered here have inception dates earlier than January, 2010.
    • Only one of the funds is limited to companies based in the U.S.; the others include foreign investments.
    • Two of the ETFs focus on areas of IT that are growing steadily and present the areas of IT receiving substantial research and resources.
  • Info Tech ETFs For Growing The Retirement Portfolio
    Oct. 2, 2014 RYT, SOXX, VGT Comment!

    Summary

    • While technology stock has taken a beating at times this year, many of the ETFs in the IT sector have excellent performance to their credit.
    • Each of the ETFs evaluated for this article have proved their performance for more than five years.
    • Each of the five ETFs identified here have something to offer to investors looking for long-term holdings.
  • Utilities ETFs For Growing The Retirement Portfolio
    Editors' Pick • Sep. 25, 2014 IDU, JXI, RYU 4 Comments

    Summary

    • Utilities as a sector has seen a performance of 10.13% YTD, and is projected to have good earnings in 2015.
    • Three of the ETFs discussed here have the same top-ten holdings – in the same order of weighting.
    • One utility ETF is global in terms of its holdings, while another includes telecommunications companies.
  • Choice Healthcare ETFs For Growing The Retirement Portfolio
    Sep. 22, 2014 VHT, XBI, XLV 19 Comments

    Summary

    • The healthcare sector is up by about 16%, YTD, and is primed to continue that level of growth for the near future.
    • The five ETFs discussed here have been selected on the basis of their strength in six areas.
    • In addition to ETFs with holdings in general healthcare, two of the ETFs are in more specialized sub-sectors - biotechnology and pharmaceuticals.
  • PCEF Vs. YYY: Is Bigger Always Better?
    Sep. 9, 2014 PCEF, YYY 24 Comments

    Summary

    • YYY has managed to outperform PCEF so far this year 9.76% to 8.41% (total returns).
    • Both ETFs have underperformed their respective indexes, despite following them fairly closely.
    • PCEF suffers from having a large number of low-yielding CEFs among its holdings.
  • United-Guardian, Inc.: Excellent Fundamentals Beat Weakened Earnings
       • Sep. 3, 2014 UG 8 Comments

    Summary

    • At the time of writing, United-Guardian's overall fundamentals are among the leading in the U.S.
    • While revenues have grown more than 35% from 2006 - 2013, its net profit has grown by more than three times that.
    • The Company's dividend yield is nearly 4%, and has grown steadily since first being offered.
    • Current share prices may be an opportunity to buy into this Company at a discount.
  • Royalty Trusts And The ETF Retirement Portfolio
    Aug. 17, 2014 WLL, VOC, GNI 50 Comments

    Summary

    • A royalty trust can earn dividend yields as high as 30% or more, and is funded by the profits from the founding company.
    • Unlike shares of stock, royalty-trust units do not confer ownership rights to the holder.
    • "Buy and hold" may not be the most effective investment strategy with royalty trusts.
  • Update: NIC, Inc. Improves Position
    Aug. 9, 2014 EGOV 3 Comments

    Summary

    • NIC, Inc. reported MRQ (April 1 - June 30) 2014 revenues up YOY, and on pace to beat FY expectations.
    • Company has added one new client, renewed six clients, and extended three.
    • The performance of the Company seems to satisfy concerns I had in my initial assessment, making it a reasonable "buy.".
  • Boosting Yield In The ETF Retirement Portfolio
    Editors' Pick • Aug. 5, 2014 INKM, IYLD, MDIV 15 Comments

    Summary

    • The ETF Retirement Portfolio survived the last week of July with minimal loss.
    • It is possible to boost the yield of the Retirement Portfolio by properly allocating one's investments.
    • There are two financial instruments that enable the investor to achieve significant yield without unduly risking investment capital.
  • Update: The Female Health Company Strategy Decision
    Jul. 14, 2014 FHCO 68 Comments

    Summary

    • FHCO will discontinue dividends to help fund initiatives to improve sales and possibly diversify.
    • The announcement confirms my initial belief that FHCO may be too limited in both product line and capacity.
    • I believe it may be a sign that it is time to sell FHCO.
  • Update: ORBCOMM, Inc. Operations Satellite Launch
    Jul. 14, 2014 ORBC 4 Comments

    Summary

    • ORBCOMM announced the successful launch and deployment of its first payload of six OG2 satellites.
    • In my initial coverage of ORBCOMM, I asserted that this launching was a definite must for the company.
    • The successful launch of the first load of OG2 satellites strengthens my belief that this is a good long-term purchase.
  • Update: Simulations Plus, Inc. Earnings
    Jul. 8, 2014 SLP 4 Comments

    Summary

    • Company fiscal year 2014 third quarter results show significant earnings growth.
    • Activities thus far are in keeping with my assessment and observations of a year ago.
    • Financial results and recent hiring confirm my belief that this company is still a strong buy.
  • The PIC Portfolio Trials: Mid-Year Assessment
    Jul. 7, 2014 COH, FHCO Comment!

    Summary

    • The Dow portfolio is doing exceptionally well.
    • In the S&P portfolio, Coach turned into a pumpkin.
    • Forty percent of the USA portfolio (American companies only) had to be "deported.".
  • ORBCOMM, Inc.: Why I Have Reservations
       • Jul. 3, 2014 ORBC 34 Comments

    Summary

    • ORBCOMM is currently preparing to deploy a new constellation of 17 satellites for tracking and monitoring remote assets.
    • The company has a decided edge in offering AIS services to over 100 companies and government agencies.
    • The company has turned its first profits in the last two fiscal years.
  • Adjusting The ETF Retirement Portfolio
    Editors' Pick • May. 21, 2014 PCEF 68 Comments

    Summary

    • Because AOM was underperforming, I opted to replace it with PCEF, an ETF containing closed-end funds.
    • PCEF offers a dividend yield of 7.97% and has year-to-date total returns of 6.76%.
    • With PCEF the retirement portfolio achieves a 4.54% performance and YTD total return of 6.19%.
  • 5 ETFs For A Reliable Retirement Portfolio
    Editors' Pick • May. 6, 2014 AOM, INKM, IYLD 118 Comments

    Summary

    • The ETFs presented here provide a diversified portfolio containing bonds and equities in a way that can be adjusted to suit the investor's interests.
    • Year to date, the ETFs used to form the retirement portfolio have provided a total return of more than 5%.
    • The five ETFs used in the portfolio have a combined dividend yield (trailing twelve months) of 4.03%.
  • NIC Inc.: E-Government At Its Best
       • Apr. 18, 2014 EGOV 6 Comments

    Summary

    • NIC is the largest e-Government service provider in the U.S., having served 30 states, local governments, the U.S. Department of Transportation and Federal Election Board.
    • NIC operates with two business units: one providing portal services, the other providing e-government software and service.
    • NIC enables state and local governments to establish internet presence at no cost, collecting revenues from user fees shared with the government entity.
    • Over the past ten years, NIC has averaged approximately 18% revenue growth YOY.
    • Over the course of 2014, 15 state contracts are scheduled to expire, although four do have renewal options.
  • Stamps.com: A Solid Dot-Com Success
       • Apr. 1, 2014 STMP 2 Comments

    Summary

    • Since 2010 Stamps.com revenues have grown by 50%; net profit has increased by nearly 800% in the same period.
    • The Company is now partnered with, or integrated with, 37 companies, including Microsoft, Amazon, Intuit, Hewlett-Packard and eBay/PayPal.
    • In 2013 Stamps.com averaged 466,000 monthly subscribing customers paying an average $21.51 per month for services.
    • The Company is committed to directing its resources where it will achieve the highest ROI.
  • Why I Do Not Trust Bitcoin
    Mar. 10, 2014 COIN 133 Comments

    Summary

    • Bitcoin’s volatility makes it an unreliable medium for financial transactions.
    • A Bitcoin-generated free market system becomes an inherently adversarial process, pitting the best interests of the buyer against the best interests of the seller.
    • Rising concerns about the security of the Bitcoin software indicate that its economic system is vulnerable to externalities.
    • Bitcoin may actually violate the principles of the free market economy that it purports to establish.
  • 3 Top Pharmaceuticals: Patents, Pipelines And Prospects
    Mar. 3, 2014 JNJ, LLY, PFE 6 Comments