Telefonica Very Attractive After Dividend Cut [View article]
One investment does not preclude the other. To reduce risk (made all the important by the fact that both of these companies, particularly Citi, have large amounts of debt), diversify!
Telefonica Very Attractive After Dividend Cut [View article]
How does that change anything? Your proportion of the company does not change if everybody receives a stock dividend. The fees only serve to benefit the lawyers and exchanges etc, paid out with funds that would otherwise belong to shareholders
Regarding the issue of whether net income is real, note that free cash flow has been larger than net income, and the company has deployed a significant amount of this capital towards dividends, buybacks and debt repayments in the last two years.
I agree with you, I'd much rather see a focus on priorities in the order you listed, particularly with prices at these levels. It is only confidence in the strength of this business model that allows me to invest in such a heavily indebted company. To that end, it reminds me a bit of investing in Supervalu (http://bit.ly/InOOGE)
It's hard for me to say, because that depends on how big a component TEF already takes up in your portfolio, and also how long your investment horizon is. If the money is intended for the long-term and you are already well diversified, I would say yes, but remember that there are risks with investing, including some of the company-specific risks that are discussed in the article.
I am doubtful that the ECB would let the crisis get to the point where a huge employer that can cover its interest 3x can't get financing. However, even in that extreme case, TEF owes about 10B euros maturing in 2012, and the company has already refinanced around 6B subsequent to the year end. Since FCF is about 8B, and further refinancing may have taken place subsequent to the last report, I don't see this as likely.
Canadian World Fund: The Importance of Timing [View article]
Hi Igggy,
DNI is a fund called Chartwell, which is not the same company the article is about. Seeking Alpha replaced my link to CWF with its own that is also wrong, so that's not leading you to the right place either.
Here is a link to the ticker on Google Finance (assuming Seeking Alpha doesn't replace it with something else): www.google.com/finance...
I have not, as I wouldn't trust myself to be able to put a value on any such growth potential. Therefore, I conservatively value revenue potential from new patents as 0.
Buy Staples On Dip [View article]
Telefonica Very Attractive After Dividend Cut [View article]
Telefonica Very Attractive After Dividend Cut [View article]
Telefonica Very Attractive After Dividend Cut [View article]
I'm not saying this is the bottom; I don't think the bottom can actually be predicted. Instead, I suggest this is a low price with a margin of safety.
Xerox Has Long-Term Value [View article]
Thanks for your insight as a customer.
Regarding the issue of whether net income is real, note that free cash flow has been larger than net income, and the company has deployed a significant amount of this capital towards dividends, buybacks and debt repayments in the last two years.
Telefonica A Long-Term Buy [View article]
I agree with you, I'd much rather see a focus on priorities in the order you listed, particularly with prices at these levels. It is only confidence in the strength of this business model that allows me to invest in such a heavily indebted company. To that end, it reminds me a bit of investing in Supervalu (http://bit.ly/InOOGE)
Telefonica A Long-Term Buy [View article]
About 54% of their OIBDA (they call it) comes from Latin America, vs 46% in Europe
Telefonica A Long-Term Buy [View article]
Telefonica A Long-Term Buy [View article]
It's hard for me to say, because that depends on how big a component TEF already takes up in your portfolio, and also how long your investment horizon is. If the money is intended for the long-term and you are already well diversified, I would say yes, but remember that there are risks with investing, including some of the company-specific risks that are discussed in the article.
Telefonica A Long-Term Buy [View article]
I am doubtful that the ECB would let the crisis get to the point where a huge employer that can cover its interest 3x can't get financing. However, even in that extreme case, TEF owes about 10B euros maturing in 2012, and the company has already refinanced around 6B subsequent to the year end. Since FCF is about 8B, and further refinancing may have taken place subsequent to the last report, I don't see this as likely.
Telefonica A Long-Term Buy [View article]
Dividends Vs. Technicals: What's Going On With Rimage [View article]
They don't have nearly as much cash as you think. The QuMu transaction closed Oct 10th, but you are using a cash value from Sept 30th I believe.
Why the 'Magic Formula' Favors For-Profit Education Stocks Now [View article]
Canadian World Fund: The Importance of Timing [View article]
DNI is a fund called Chartwell, which is not the same company the article is about. Seeking Alpha replaced my link to CWF with its own that is also wrong, so that's not leading you to the right place either.
Here is a link to the ticker on Google Finance (assuming Seeking Alpha doesn't replace it with something else): www.google.com/finance...
Trolling for Profits With Tessera [View article]
I have not, as I wouldn't trust myself to be able to put a value on any such growth potential. Therefore, I conservatively value revenue potential from new patents as 0.