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John Cofran
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John Cofran is a professional investor and money manager with 20+ years experience, and over $15,000,000 in assets under management. He is a former CPA applicant with degrees in Finance, Accounting and Economics from Boston College. In addition to building several highly successful private... More
  • High Yield Portfolio Overview 0 comments
    Aug 26, 2010 11:55 AM | about stocks: HCN, EXC, PBI, FE, PFF, JNK, XRTX, JNJ, HYG, FTR, HPT, PSEC, GPC, ABT, CTL, PWE, PGH, AGNC, LLY, NLY, VZ, PPL, AINV, ADC, JCP, WWE, SPH, LINC, MXIM, FSC, COP, WDC, CIM, CRM
    Here is today's portfolio overview. As you will note, $Cash remains the largest holding, followed by very stable dividend payers in (NYSE:HCN) and (NYSE:EXC).

    Pitney Bowes (NYSE:PBI) is a little riskier, given the slow deterioration in its business over time, however it has a very strong track record of paying and raising its dividends.

    Several speculative plays include, (NASDAQ:XRTX), (NASDAQ:LINC), (NASDAQ:WDC) and a short position in (NYSE:CRM).

    Approximately 10% of the portfolio is dedicated to ultra-high yielders, such as (NASDAQ:AGNC), (NYSE:NLY), (NYSE:CIM), (NASDAQ:PSEC), (NASDAQ:AINV) and (NASDAQ:FSC).

    I adjust the weightings regularly based on relative performance, yield and timing of ex-dividend dates. Currently I am increasing my weighting of Frontier Communications (NASDAQ:FTR) and Agree Realty (NYSE:ADC), both with upcoming ex-dividend dates and yields over 8%.


    Weight Yield



    Cash 12.58% 0.00%
    HCN 6.97% 6.09%
    EXC 6.92% 5.24%
    PBI 5.28% 7.53%
    FE 5.01% 6.10%
    PFF 4.49% 9.31%
    JNK 4.38% 9.70%
    XRTX 4.21% 0.00%
    JNJ 3.91% 3.73%
    HYG 3.28% 8.23%
    FTR 3.03% 9.78%
    HPT 2.95% 9.20%
    PSEC 2.86% 12.68%
    GPC 2.24% 3.84%
    ABT 2.24% 3.54%
    CTL 2.17% 8.03%
    PWE 2.16% 7.75%
    PGH 2.16% 7.24%
    AGNC 2.05% 20.50%
    LLY 2.04% 5.76%
    NLY 1.92% 15.93%
    VZ 1.85% 6.44%
    PPL 1.80% 5.25%
    AINV 1.79% 11.90%
    ADC 1.77% 8.67%
    JCP 1.57% 3.84%
    WWE 1.56% 10.38%
    SPH 1.46% 6.94%
    LINC 1.32% 0.00%
    MXIM 1.23% 5.15%
    FSC 1.13% 12.51%
    COP 1.03% 4.16%
    WDC 0.90% 0.00%
    CIM 0.57% 17.39%
    CRM -0.84% 0.00%
     


    100.00% 6.44%



    Disclosure: Long: All Positions; Short: CRM
    Themes: portfolio, dividend, yield Stocks: HCN, EXC, PBI, FE, PFF, JNK, XRTX, JNJ, HYG, FTR, HPT, PSEC, GPC, ABT, CTL, PWE, PGH, AGNC, LLY, NLY, VZ, PPL, AINV, ADC, JCP, WWE, SPH, LINC, MXIM, FSC, COP, WDC, CIM, CRM
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