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Tom Au, CFA

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  • Should Dividend Investors Hold Non-Dividend Paying Stocks? [View article]
    If you had bought MSFT in say, the late 1980s, when it was a non-dividend paying stock, you'd have a great yield on cost today.
    Sep 17 09:22 AM | 1 Like Like |Link to Comment
  • The Last Thing You Should Do Is Buy The 3 New Dow Stocks [View article]
    You're right to hang on the the Visa shares that have performed for you for some time.

    But I think the author was trying to warn away NEWCOMERS.
    Sep 16 02:15 PM | 3 Likes Like |Link to Comment
  • Is Foot Locker's Growth Sustainable? [View article]
    Price to book value ratio of company being lower than the industry average doesn't mean much unless you also look at returns on equity (ROEs). That is, you could say FL has a cheaper P/B ratio compared to its return on equity than the industry does, compared to the industry ROE.
    Sep 16 01:48 PM | Likes Like |Link to Comment
  • Are We Approaching A Market Top? 4 More Indicators Weigh In [View article]
    As I remember Jeff Bezos' 1999 appearance on the cover of Time Magazine marked what was then a top in Amazon stock.
    Sep 16 10:25 AM | Likes Like |Link to Comment
  • Why Herbalife Isn't Going Anywhere [View article]
    Maybe Seeking Alpha edited your title wrongly, but it should be,"Why HLF Isn't Going Away Anytime Soon."

    To me, "Why HLF Isn't Going Anywhere" implies "dead in the water," which I don't think is your thesis.
    Sep 5 04:47 PM | 6 Likes Like |Link to Comment
  • The Dividend Champions Have Truly Been Champions [View article]
    Regarding the issue of backtesting: All of today's dividend champions were at least "contenders" on December 31, 1998. By definition.

    That is not a backtest.
    Sep 5 03:08 PM | 3 Likes Like |Link to Comment
  • The Wonderful Wizard Of O [View article]
    Like the original, today's Wizard of Oz comes from Omaha, Nebraska (and is sometimes referred to as the Oracle.)
    Sep 5 10:14 AM | 1 Like Like |Link to Comment
  • Balance Sheet Recession About Over [View article]
    According to my version of Strauss and Howe's "Generations" model, there will be another bull market from 2020-2040 with the rise of the "Millennial" generation, basically to the end of my natural lifetime.
    Sep 4 02:33 PM | Likes Like |Link to Comment
  • Two BRIC ETFs changing their approach [View news story]
    If you go by population, an approporiate allocation to China, India, Brazil and Russia would be about 10, 10, 1, 1. So if Guggenheim has at least 4%-5% in Russia, it would be a legitimate BRIC fund.
    Aug 28 11:00 AM | Likes Like |Link to Comment
  • You're Only As Good As Your Earnings [View article]
    When you say Jethro Tull, do you mean the rock singer, or the British agriculturalist who created the "new economy" (agricultural revolution) of the 1710s?
    Aug 27 11:49 AM | Likes Like |Link to Comment
  • Sturm Ruger - The Best Small Cap Dividend I've Ever Seen Is Driving 70% Upside [View article]
    RGR cut the dividend some years ago (when you were in high school). How does that figure into your calculations?
    Aug 26 10:11 AM | Likes Like |Link to Comment
  • Why Is Anti-Goldbug Dennis Gartman Getting Into Gold? [View article]
    Gartman isn't pro- or anti-gold. He's anti-contrarian.

    He was anti gold ten years ago, when it was the best time to buy, and he's now "pro-gold" because it's now an "established" trade.
    Aug 23 09:27 AM | 2 Likes Like |Link to Comment
  • A Little Reminder Of What Happened In 1999 [View article]
    A stock can be analyzed as a combination of a bond and a call option.

    Around 2000, the "bond value" of NASDAQ was about 1000 (its subsequent floor), and its rise to 5000 represented a "call option" on the New Economy. Intel and Yahoo were among them.

    It was painful when that 4000 point "call option" timed-decayed to zero. "A decade passed and you still underwater." Tech stocks in 2000 were pricing it 2020 earnings, not 2000 earnings.
    Aug 5 03:21 PM | 3 Likes Like |Link to Comment
  • Netflix: 8 Massive Warning Signs [View article]
    If "even the expected turnaround won't be enough to justify the price of the stock," that's called "drawing dead in poker.

    It would be like drawing to, and making, a flush or straight, and losing to a full house.
    Jul 22 02:07 PM | 1 Like Like |Link to Comment
  • 'Saudi America' And The Best Stocks To Buy On The Dips [View article]
    Texas is one state (other than the 13 colonies), that was a separate country before becoming part of the U.S.
    Jul 12 02:42 PM | 1 Like Like |Link to Comment