Seeking Alpha

PriusBob

 
View as an RSS Feed
View PriusBob's Comments BY TICKER:
Latest  |  Highest rated
  • The Dividend-Growth-Devoid Income Portfolio [View article]
    I think that all of us would like a list of stocks that have a yield of 7% and a dividend growth rate of 4%. Are all of these REITs?
    Aug 20 11:53 AM | Likes Like |Link to Comment
  • How To Weight Your Dividend Growth Stocks [View article]
    It is my opinion that the weighting scheme in the article, or any variant thereof, would logically be surmising that stocks that score high on the variables used in the weighting would have the highest probability of consistent dividend growth in the future. Thus, one would need to argue that these three variables relate to the future growth of the dividend, and that is an argument that I would like to see. My difficulty in predicting the future leads me to "equally" weight my portfolio of dividend growers, and equally means that the amount of dollars that are invested in each prediction is equal across the portfolio. I am wrong about the future too often to do otherwise, but I'm trying to get better.
    Aug 15 10:59 AM | Likes Like |Link to Comment
  • Why Lockheed Martin's Dividend Is Solid [View article]
    Could you boil down exactly how a company with stable or contracting revenue and net income during the last few years and into the near future can support an expanded free cash flow and a growing dividend. I know that such a company can do so, but can you explain how they do it? I really can't get a clear answer from all of the data that you present. It may be too complex for me..
    Jun 3 02:07 PM | 1 Like Like |Link to Comment
  • 3 Small-Cap 'Frozen Angels' For Your Dividend Growth Portfolio [View article]
    Getting ideas from the "frozen angels" list is a very creative idea. Congratulations. Even though this idea may not create a lot of interest from SA participants, it could be very useful. The goal of reliable income growth from dividends can be approached using various asset groupings (bdc's, reit's, etc.). I use the concept of "fallen angels", derived also from David Fish's work, as part of a standard dividend growth portfolio. (BP, GE and PFE were fallen angels and are found in many dividend growth portfolios). Of course, the selection criteria for the frozen and fallen would differ from the selection criteria for other companies, such as coke and mcdonalds. Again, very creative.
    May 8 01:42 PM | Likes Like |Link to Comment
  • Wal-Mart's 'Disappointing' 2014 Dividend Increase [View article]
    None of the metrics that I use for predicting a "commitment" to 10% or better dividend growth worked this year for Wal-Mart, and I do not know why, since these metrics work for other companies (TEVA and KO for example). These metrics are a little complicated, but they have to do with a minimum discrepancy between the variance in the historical free cash flow growth and the same measure of variance in the historical dividend growth. A management commitment to growing the dividend is assumed to be reflected in these two variances not deviating much from each other over a period of years. Another metric has to do with what management actually says about dividend growth, but in Wal-Mart's case, the amount and tone of dividend talk is very small, and so this metric is essentially unavailable this year for Wal-Mart. I was surprised and humbled by their paltry dividend change.
    Feb 26 01:37 PM | 1 Like Like |Link to Comment
  • Another Purchase In My Portfolio: Lockheed Martin [View article]
    I'm almost certain that companies do not "pay" a dividend on those shares either held in treasury or "retired". It is true that stock can be used in corporate reorgs, including acquisitions, and that therefore the current market price for the stock makes a difference in those transactions. However, otherwise, the price of company stock does not enhance the balance sheet of shares held in treasury (but the cost of those shares does subtract from total shareholder value, typically)

    Robert Albers (ralbers@mtco.com)
    http://bit.ly/15un4pJ
    Jan 23 04:36 PM | Likes Like |Link to Comment
  • The Tipping Point Of Dividend Investing [View article]
    Dear Buyandhold 2012

    What metrics do you use to tell whether future returns in the market will be probalististically subdued? I've considered Schiller's CAPE, and the Federal Reserve's "q", but don't know the lag between what the market will do and these metrics. Any ideas?

    Robert Albers, http://bit.ly/15un4pJ
    Jan 12 12:56 PM | Likes Like |Link to Comment
  • General Electric's Dividend Growth [View article]
    David Fish has discussed the concept of a "fallen angel" in the notes to his dividend lists. This concept can be refined by categorizing "types" of fallen angels. Let's define one type as those that are superior dividend growers that "fall" by cutting their dividend. Then, they can re-attain their "angel" status by proceeding to raise their (cut) dividend by a "steep" CAGR. These can be further subdivided by those that cut their dividend by "only" a percentage, vs. those that cut their dividend altogether. Under these categorizations, GE is almost an "angel" again, and BP is on its way, but at a slower rate. Companies that start again from "0" must have a longer dividend growth history to attain angel status, say about 10 years. In any case, there are fallen angels that deserved to be studied as possible members of a dividend growth portfolio. I own GE, and am watching BP.
    Dec 14 10:45 PM | 1 Like Like |Link to Comment
  • A Real Dividend Growth Machine: Q3 2013 Review [View article]
    Would you be able to present data that distinguishes "organic dividend growth" from dividend growth due to new purchases? And if so, could you explain the process that you would use to do this? This would be very valuable to lots of dividend growth investors, and I don't know how to do it very well. Thank you.
    Oct 11 09:11 PM | Likes Like |Link to Comment
  • DIY Dividend Investors Club (Part 5): Picking The Best Healthcare Stocks [View article]
    You don't seem to include foreign health care stocks, but the best ones to buy are the ones with good records, are well-run, are dominant in their fields, and have lots of money, but are currently not doing as well as they have historically and are therefore good value. The two that stand out are Teva Pharmaceuticals, and Novartis. If one looks to the future, these are the ones to buy today. Roche Holdings would be the third pick. Are these being reviewed?
    Sep 28 10:28 AM | 1 Like Like |Link to Comment
  • DIY Dividend Investors Club (Part 4b): Which Utility Stocks Are In The Buy Zone? [View article]
    Almost all of the five charts have the very same recent pattern. What background factors are causing such similarity? If it is something about interest rates, then perhaps utilities would be an area to reconsider at this time. generally, when is the best economic environment in which to purchase utilities?
    Sep 27 04:56 PM | 1 Like Like |Link to Comment
  • DIY Dividend Investors Club (Part 3): Picking The Best Consumer Staple Stocks [View article]
    Could you please explain what a "consumer staples sector" is? The companies that you discuss seem very different to me. Is there such a thing as a "sub-sector"? Does everyone define "sector" the same way? What is the advantage of looking at a "sector"? Could you please explain why you even mentioned a sector? On what possible basis are the companies discussed somehow the same? And how does sameness at this level of generality apply to putting money to work? Please explain.
    Sep 23 02:45 PM | Likes Like |Link to Comment
  • DIY Dividend Investors Club: Building A Sustainable Long-Term Dividend Portfolio (Part 1) [View article]
    I vote for KO. I really would vote for INTC, if your focus was on the future instead of pure history.

    Also, my vote would depend on the purpose or objective of this portfolio. My dividend growth portfolio is dedicated to 10% growth in income per year, so it is an income growth objective. With this objective, the stock picking would probably be different. Anyway, just what is the objective of this portfolio? From the criteria listed, the goals seem to stray from companies that have the ability and willingness to grow the dividend by 8%-10% CAGR in all economic environments over long time periods.
    Sep 15 09:24 PM | Likes Like |Link to Comment
  • Blue Chip Dividend Value Strategy Delivers Solid Returns For Retirement Income [View article]
    Could you expand a bit on your comments in several places that dividend buybacks at X% per annum rates are "equivalent" to a X% increase in dividends. I just don't see this, but I'm probably just looking at my pocketbook, rather than some financial theory. Please explain what you might be referring to in such commentary.
    Aug 29 11:12 AM | 1 Like Like |Link to Comment
  • Dividend Growth: A New Way Of Looking At Yield On Cost [View article]
    There was an earlier discussion about the difficulties of using CAGRs (alone) when evaluating dividend growth, viz., when almost all of the growth occurred in one year out of 10. For most growth processes, a gross analysis always includes at least three aspects: (1) the amount of growth, usually reflected by a CAGR; (2) the consistency or regularity growth of the growth, which can be measured lots of ways, but typically using a variance measure over shorter time frames, and (3) the detection of trends in the growth, which again can be measured in many ways, but I use rolling 5-yr CAGRs, and then the slope of the best fit line for these. One can get even more detailed mathematically, but the three issues are always; amount, regularity and trend. It's much easier to get one's arms around "amount", so it gets all the attention, but it you want to maximize your income from dividend growth, and use historical data, then all three aspects of growth are critical to an evaluation.

    Robert Albers, http://bit.ly/15un4pJ
    Aug 12 09:43 AM | Likes Like |Link to Comment
COMMENTS STATS
48 Comments
25 Likes