The Bull Case For This Tobacco Company [View article]
Big error in your article. During PM's last earnings call they announced that FY13 EPS guidance was lowered from $5.78-$.?? to $5.55-$5.65 due to currency headwinds. FY14 EPS estimates is roughly around $6.30.
A Quick Look At Philip Morris' Finances [View article]
maybenot, LO is a great company but with the threat of menthol getting banned from Newports and no international business it seems all of LO's business is in the hands of the FDA. I think its a shame that a natural plant additive like menthol has the potential to be banned because it "entices smoking" but alcohol has 1000's of different artificial flavors to choose from to "entice" you with no fear of the FDA.
Would love to be long LO because they have a dividend and buyback program that rivals PM, but I will not take a larger risk for a larger yield, even on a pullback until the FDA makes a decision.
BP drilled its Macondo well safely and according to standard industry practice, an expert witness called by BP tells the trial for damages over the 2010 Gulf oil spill. The BP crew "did a good job” drilling the well, Prof. Ted Bourgoyne says, until the very end when workers misinterpreted a key pressure test intended to show whether the well had been properly sealed with cement. [View news story]
Dividend Growth Investing: A Strategy For Young Investors, Too [View article]
Nice chart showing 22x dividend increase over 30 years. But if I'm reading it correctly, it shows $30k added to the portfolio over 30 years, at a rate of $1k/year? Which means a large part of the dividend compounding had to do with the additional funds and not the original $10,000 yielding $350 yearly. Is this more about compounding over decades or additional funding?
Good article, I agree with your premise as I'm young and have the majority of my money in PM, KO, MCD and BP. Will diversity naturally as I age but no FaceBook or Pandora Radio or Sirius XM for me.
BP - The Resolution Of Legal Issues Will Be The Catalyst To Propel The Stock Higher [View article]
charlie - kind of a reckless comment don't you think? Book value is exceptionally important for oil companies, I think it is irrelevant for banks, but not oil companies. Loans are hard to value (i.e. A rated CDO's worth less than the paper they are printed on), oil is a required commodity for daily life and pretty simple to judge value.
My point was while they have similar book value, one is worth $300B less than the other, and something has to give. Either XOM will go down, or BP will go up, the market will only be inefficient for so long. Do yourself a favor and go long BP.
As I mentioned in my article, many banks are not transparent and are filled with corruption. The Seeking Alpha link below proves my point. U.S. banks are not to be trusted!!!!
BP - The Resolution Of Legal Issues Will Be The Catalyst To Propel The Stock Higher [View article]
convoluted - BP is an exception for me as well, and all available funds will be used to buy more.
all - I am having trouble deciding to add here at $42.+ and raise my cost basis or hope BP falls below $40 soon so I can buy an extra 30 shares with the difference. Should I be greedy and hold out or just buy now and forget about it?
BP - The Resolution Of Legal Issues Will Be The Catalyst To Propel The Stock Higher [View article]
Few mention the fact that BP is not an American company. Many BP shareholders are across the pond, and the entire continent is engulfed in recession and unemployment. Not every reason for BP's share price woes has to do with Macondo, we have to remember where the company is headquartered. Many years from now when the world is booming and oil is $150 a barrel, those who loaded up on BP at around $40-45 a share are going to be sitting on at least a triple-bagger. BP and XOM have IDENTICAL book value of $37, while one trades at $88 with a $.57/qtr dividend and the other at $42 with a $.54/qtr dividend.
Icing on the cake is 20% ownership of the largest oil company in the world. What will those dividends look like in 15, 20 years?
Long BP, with a smirk on my face. Its nice to be one of the first to the party. Anyone buying below $45 is the first to the party.
Now is the time to be greedy with BP. I have a few shares and hope to pick up a few more before the upside begins. An international supermajor trading at book value with a juicy dividend and earnings are expected to reach to be as high as $8/share for FY14.
I think the long-term risk/reward looks much like XOM of the 80's. Pick up some shares and enjoy the ride. BP is not for everyone though, not recommended in the portfolio for everyone. However I feel at my age the risk is small and the reward is great.
Misho, yea AXP has had a 10 point runup in the last 3 months. But to be fair, what hasn't had a good runup in the last few months? The only thing that looks good on my radar right now is BP. I think BP may be a good alternate for big oil, trading at half of XOM share price and book value is identical.
Rosneft (RNFTF.PK) completes deals worth ~$55B to close its acquisition of TNK-BP and become the world's largest listed oil producer, as the Russian state oil giant handed BP $16.7B in cash and Rosneft shares for BP's 50% stake in TNK-BP, the companies announce. BP now owns nearly 20% of Rosneft. [View news story]
Getting in deep with the Russian government is either a very smart move or a very poor move, time will tell.
Water Buffalo, thank you for the kind words. Best of luck to you also, congratulations on being in the top 20%, that is something I hope to achieve as well. Where can I find that information on the rankings by age? I would like to see that for myself and how I compare.
I was looking at KMB a little while back when they had a dividend yield of 4.1% and I passed to buy something else (JNJ). But it will go on sale again, just maybe not for awhile.
The Bull Case For This Tobacco Company [View article]
Your in the wrong year.
A Quick Look At Philip Morris' Finances [View article]
Would love to be long LO because they have a dividend and buyback program that rivals PM, but I will not take a larger risk for a larger yield, even on a pullback until the FDA makes a decision.
Very long PM
BP drilled its Macondo well safely and according to standard industry practice, an expert witness called by BP tells the trial for damages over the 2010 Gulf oil spill. The BP crew "did a good job” drilling the well, Prof. Ted Bourgoyne says, until the very end when workers misinterpreted a key pressure test intended to show whether the well had been properly sealed with cement. [View news story]
Is It Time To Sell McDonald's? A Look At Its Fair Value [View article]
Thanks,
Ryan
Dividend Growth Investing: A Strategy For Young Investors, Too [View article]
Good article, I agree with your premise as I'm young and have the majority of my money in PM, KO, MCD and BP. Will diversity naturally as I age but no FaceBook or Pandora Radio or Sirius XM for me.
Slow and steady wins the race.
BP - The Resolution Of Legal Issues Will Be The Catalyst To Propel The Stock Higher [View article]
My point was while they have similar book value, one is worth $300B less than the other, and something has to give. Either XOM will go down, or BP will go up, the market will only be inefficient for so long. Do yourself a favor and go long BP.
The Perfect Portfolio, Evolved [View article]
http://seekingalpha.co...
BP - The Resolution Of Legal Issues Will Be The Catalyst To Propel The Stock Higher [View article]
all - I am having trouble deciding to add here at $42.+ and raise my cost basis or hope BP falls below $40 soon so I can buy an extra 30 shares with the difference. Should I be greedy and hold out or just buy now and forget about it?
BP - The Resolution Of Legal Issues Will Be The Catalyst To Propel The Stock Higher [View article]
Icing on the cake is 20% ownership of the largest oil company in the world. What will those dividends look like in 15, 20 years?
Long BP, with a smirk on my face. Its nice to be one of the first to the party. Anyone buying below $45 is the first to the party.
Should You Buy Intel? [View article]
The Perfect Portfolio, Evolved [View article]
I think the long-term risk/reward looks much like XOM of the 80's. Pick up some shares and enjoy the ride. BP is not for everyone though, not recommended in the portfolio for everyone. However I feel at my age the risk is small and the reward is great.
The Perfect Portfolio, Evolved [View article]
Rosneft (RNFTF.PK) completes deals worth ~$55B to close its acquisition of TNK-BP and become the world's largest listed oil producer, as the Russian state oil giant handed BP $16.7B in cash and Rosneft shares for BP's 50% stake in TNK-BP, the companies announce. BP now owns nearly 20% of Rosneft. [View news story]
Long BP and added today.
The Perfect Portfolio, Evolved [View article]
Thanks again,
Ryan
The Perfect Portfolio [View article]