Seeking Alpha

Stockerblog's  Instablog

Stockerblog
Send Message
The author of Stockerblog worked for over 20 years in the financial industry as a stockbroker, investment advisor, Vice President of a San Francisco money management firm, mutual fund wholesaler, and market maker on the Pacific Stock Exchange. He has written articles for the Bond and Share... More
My blog:
Stockerblog.com
My book:
Investing in Brazil Stocks: Get Rich from the South American Giant
View Stockerblog's Instablogs on:
  • Stocks Going Ex Dividend The Second Week Of September

    Here is our latest update on the stock trading technique called 'Buying Dividends'. This is the process of buying stocks before the ex dividend date and selling the stock shortly after the ex date at about the same price, yet still being entitled to the dividend. This technique generally works only in bull markets, and can work in flat or choppy markets, but you need to avoid the technique during bear markets.

    In order to be entitled to the dividend, you have to buy the stock before the ex-dividend date, and you can't sell the stock until after the ex date. The actual dividend may not be paid for another few weeks. WallStreetNewsNetwork.com has compiled a downloadable and sortable list of the stocks going ex dividend in the near future. The list contains many dividend paying companies, many with market caps over $500 million, and yields over 2%. Here are a few examples showing the stock symbol, the ex-dividend date, and the yield.

    Ameren Corp (AEE) 9/9/2013 4.8%

    Laclede Group (LG) 9/9/2013 3.8%

    Parkway Properties (PKY) 9/9/2013 3.5%

    Univest Corp of Pennsylvania (UVSP) 9/9/2013 4.1%

    Lumos Networks Corp (LMOS) 9/10/2013 3.3%

    Mercury General (MCY) 9/10/2013 5.6%

    Cenovus Energy Inc. (CVE) 9/11/2013 3.4%

    Digital Realty Trust (DLR) 9/11/2013 5.7%

    Encana (ECA) 9/11/2013 4.6%

    El Paso Electric Co. (EE) 9/11/2013 3.1%

    The additional ex-dividend stocks can be found at wsnn.com. (If you have been to the website before, and the latest link doesn't show up, you may have to empty your cache.) If you like dividend stocks, you should check out some of the other high yield stock lists at WallStreetNewsNetwork.com or WSNN.com. Most of the lists are free.

    Dividend definitions:

    Declaration date: the day that the company declares that there is going to be an upcoming dividend.

    Ex-dividend date: the day on which if you buy the stock, you would not be entitled to that particular dividend; or the first day on which a shareholder can sell the shares and still be entitled to the dividend.

    Monthly Dividend Stock List

    Record date: the day when you must be on the company's books as a shareholder to receive the dividend. The ex-dividend date is normally set for stocks at two business days before the record date.

    Payment date: the day on which the dividend payment is actually made, which can be as long at two months after the ex date.

    Book now available: Buying Dividends Revised and Expanded

    Don't forget to reconfirm the ex-dividend date with the company before implementing this technique.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Sep 05 6:54 PM | Link | Comment!
  • The Stock Market Book That Gave Me Nightmares For 8 Weeks

    Several years ago, I read the non-fiction autobiography called The Wolf of Wall Street by Jordan Belfort. At the time, I was doing a lot of reviews of a lot of books, but I held off on this one because the book gave me nightmares for eight weeks (especially one of the hospital scenes). I didn't want anyone else to get nightmares at the time. But now that the book is going to be made into a movie directed by Martin Scorsese and starring Leonardo DiCaprio, I think it's OK to tell others about this book and let them have eight weeks of nightmares, if they choose to read it. Be forewarned! (BTW, I actually enjoyed the book in spite of my nightmares. More about that shortly.)

    This is probably the most disturbing book I've ever read, not just of investment books but of all books. So what could be so disturbing about a guy who was involved with investments and the stock market? The book is about a guy who started up a pump-and-dump stock brokerage firm, whereby he would buy up a bunch of low priced and penny stocks and have the brokers foist the stocks on the unsuspecting public at much higher prices. He ended up making multi-millions of dollars and became very wealthy. Sound boring? Let me give you a Twitter style version of what it's really about (without doing too many spoilers):

    • huge amounts of cocaine
    • four prostitutes with one guy
    • excessive adultery, of course
    • taping large wads of cash to a girl's body so it can get through customs to be laundered
    • throwing little people through the office
    • walking through the halls of a hospital with a hypodermic hanging out of buttocks (this was not the hospital scene that gave me nightmares)
    • pushing a guy out a window from a very high building
    • extreme sex
    • the yacht that almost sank
    • expensive cars and private jets
    • enormous amounts of money
    • extremely powerful Quaaludes
    • helicopter crashes

      So the above is a list of the reasons why you might want to read it.

      I did like reading the book for a couple reasons. First, it gave an extremely close-up view of the inside world of the pump-and-dump brokerage industry and the people involved in it. Second, many parts of the book were very humorous.

      The one drawback I found about the book was the in the first chapter, Belfort starts out being "lower than pond scum." In the next chapter, he is wealthy and successful with his own helicopter and pilot. I would like to have seen more on how he made it from the bottom to the top. Maybe he is saving that for another book.

      Anyway, if you are offended by lots of dirty words, then don't read The Wolf of Wall Street. If you are offended by any of the items on the list above, don't read The Wolf of Wall Street. Otherwise, if you want an eye-opener on the seamy seedy side of Wall Street, then read The Wolf of Wall Street.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Sep 05 6:49 PM | Link | Comment!
  • Drink Booze, Lose Weight, Buy Booze Stocks, Make Money

    It may be hard to believe but moderate drinking of alcoholic beverages, whether beer, wine, or liquor, may help you lose weight or at least prevent you from gaining more weight than you would if you didn't drink at all. Various studies have shown that drinking liquor moderately may improve your health, not just lessening the risk of diabetes and heart disease, but also may help in keeping weight under control.

    So how can investors participate in these alcohol health benefits. According to the recently updated list of wine and liquor stocks at WallStreetNewsNetwork.com, there are over a dozen companies in the alcoholic beverage field, some of which pay dividends.

    Beam, Inc. (BEAM) is an Illinois based company that produces bourbon whiskey, Scotch whisky, Canadian whisky, and other beverages under the brands of Jim Beam, Maker’s Mark, Sauza, Courvoisier, Canadian Club, Teacher’s, and Laphroaig. The stock trades at 26 times trailing earnings, a forward price to earnings ratio of 21.5, and pays a yield of 1.4%. Earnings for the latest quarter were down 28.5% on a revenue increase of 6.8%.

    Brown-Forman Corporation (BF-B) is another liquor distributor which is famous for its Jack Daniel's and Southern Comfort brands. The stock has a price-to-earnings ratio of 25, a forward P/E of 21, and pays a yield of 1.6%. Earnings for the latest quarter were up 8.3%, with a 9.5% boost in revenues.

    Diageo (DEO) is a London based alcoholic beverage distributor that markets numerous brands of whiskey, including Johnnie Walker Scotch whiskey, Crown Royal Canadian whiskey, Buchanan's Scotch whiskey, Windsor Premier Scotch whiskey, and Bushmills Irish whiskey. It also sells vodka, rum, and wine. The stock trades at 20 times trailing earnings, and 15 times forward earnings. It sports a higher-than-industry-average yield of 2.8%.

    For a free list of wine and liquor stocks, which you can download, sort, and update, go to WallStreetNewsNetwork.com.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Aug 21 2:07 PM | Link | Comment!
Full index of posts »
Latest Followers

Latest Comments


Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.