NiSource Inc. (NI)
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- All Comments on NI
- General Discussion on NI
- Dow 'Dirty Dozen' Offers High Yields and Good Value [view article]
- Board and Executive Compensation in S&P 500 [view article]
- Finding Value in the P/B Ratio [view article]
- Wall Street Breakfast: Must-Know News [view article]
- S&P 500 Snapshot: Stocks, Sectors Furthest Above, Below Their Moving Averages [view article]
- Electric utility stocks ranked by yield -- 5/23/05 [view article]
- Coal Cost Reduction Saves Big for Utilities [view article]
- Playing the Heatwave: Companies That Profit From Record Heat [view article]
- Electric utility stocks ranked by yield -- 5/31/05 [view article]
loading ...Recent NI Articles
- Dow 'Dirty Dozen' Offers High Yields and Good Value
- Board and Executive Compensation in S&P 500
- Finding Value in the P/B Ratio
- Wall Street Breakfast: Must-Know News
- Earnings Preview: NiSource
- Nine Electric Utility Stocks to Light Up Your Portfolio
- Russell 3,000 Dividend Stocks With Upcoming Ex Dates
- S&P 500 Stocks With the Lowest Price to Book Ratios
- S&P 500 Snapshot: Stocks, Sectors Furthest Above, Below Their Moving Averages
- Coal Cost Reduction Saves Big for Utilities
- Full List of Articles »
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Dow 'Dirty Dozen' Offers High Yields and Good Value [view article]
Re Nurseb911's comment, in addition to Pfizer and GE, I would also pick Bank of America among the high yielding stocks. In addition, I'd pick JP Morgan Chase. I believe both banks have reasonably strong balance sheets and are well positioned to pick up market share. ReplyDow 'Dirty Dozen' Offers High Yields and Good Value [view article]
Yawn. You guys will be here in another 6 months predicting the "inevitable" cut in Bank of America's dividend. Meanwhile, I'll continue to collect $0.64 per share every three months.Thanks for the laughs. Reply
Dow 'Dirty Dozen' Offers High Yields and Good Value [view article]
PFE & GE would be my top picks from that group. I would not count on GM being a "yield" investment for quite some time due in part to the risks they face on many fronts. Chronic mismanagement vs. yield? I'll avoid that stocks as a value trap despite the upside many analysts and investors continue to see in that company ReplyDow 'Dirty Dozen' Offers High Yields and Good Value [view article]
So what is ? ReplyDow 'Dirty Dozen' Offers High Yields and Good Value [view article]
Actually, dividends are NOT the first thing to be cut, which is the problem. But they almost inevitably will be cut, after trapping an entire class of yield-chasing investors. You have to decide if you trust management when they deny a dividend cut is in the cards. ReplyWendling
Dow 'Dirty Dozen' Offers High Yields and Good Value [view article]
Remember the most important point of high yielding stocks. Dividends are the first thing to be cut in troubled times for the markets. Look at GM, C, WB and others for example, all of whom slashed or eliminated their dividends. All these issues are being manipulated.For more information click on my web link and read how it is done.
Richard Reply
Board and Executive Compensation in S&P 500 [view article]
when I read the insiders activities on the stocks that i own i always see large blocks of stocks being sold or option being exercised. As a stock holder i paid for my shares these insiders didn't there shares came from the stockholders. The only company i have that has honest management is brk.a/b ReplyFinding Value in the P/B Ratio [view article]
I need to correct my prior post. ACAS has booked $1.261 Billion (or $1,261 Million) in unrealized losses during the first 2Qtrs of 2008. ReplyFinding Value in the P/B Ratio [view article]
In response to MichiganChetMy comment regarding the questionable valuation of ACAS investments was based upon analysis of the 2007 10K and is no longer correct.
I should have reviewed the 1Q 10Q wherein ACAS booked $997 Million in unrealized depreciation. The 2nd Quarter earnings announcement (released subsequent to my comment) booked an additional $264 Million in unrealized depreciation.
This means that ACAS may incur $1261 billion in realized losses over the life of these investments. No one knows what % of the unrealized losses will be realized ,or how many quarters these losses will be allocated to. But it would not be unreasable to assume that realized losses will amount to $150 Million per year for the 2009 to 2111 time period.
For 2008, the company is on target to make about $600 Million in net investment income and to pay shareholders $800 Million in dividends - a deficit of $200 Million.
So, my primary concern about ACAS is no longer improperly valued assests, but rather whether they can pay the current level of dividends after 2008. Obviously, the market has already priced in some decline in dividend payouts.
BTW I reaffirm the previous comment regarding out of control salary expenses. Salary expenses tripled (from $86M to to $254M) between 2005 and 2007 and Wilkus pulled down $24M in 2007. This is far more money than the CEO of any comparably sized regional bank would make. For reference, the CEO of Bank of America (which has about 140 times more assets than ACAS) made only $17M in 2007. Reply
Finding Value in the P/B Ratio [view article]
In reference to the eight stocks selected by a price/book screen, the first four stocks were evaluated by a mathematical model which this writter spent 10 years developing.The model predicts the stock's price in three month's time based on selected comp0any fundamentals and change in interest rates. The model does not include major upswings (current market) or downswings (recent history) or any of the risk factors which would be listed in a company's annual report. Not withstanding these exclusions, the mathematical model works quite well as any investor who reads this blog can determine by comparing the prices of these stocks on the evaluation date to the price three months later. Well - not quite. Sometimes the predicted price is attained in six weeks and sometimes as long as five months.
Here are the three month results of the mathematical model based on an initial evaluation date of August 6, 2008.
CBS Corp: $16.70 up to $19.14
Lehman Brothers: $20.46 up to $24.10
Capital One Financial: $45.01 with a negligible change to $45.79
American Capital: $22.54 up to $26.08
To rate these stocks there are three winners and one loser. From my personal perspective American Capital is a winner based on dividend alone. The other stocks would be passed over in favor of stocks with greater potential for appreciation.
To rate the price/book screen as a tool for selecting stocks without the advantage of the above described mathematical model, a realistic evaluation would require the comparison of prices over a period of time.
Skipjack
Disclosure: Author is long ACAS Reply
Board and Executive Compensation in S&P 500 [view article]
its all a self serving scam.the new word should be "suckerholder&quo... stockholder.the ceo's & bod's are just selfserving & nobody mentions the suckerholder in the boardroom. pay should only be by dividend fro shares bought by management & bod's & no options.that would straighten things out real quick.utopia? ReplyFinding Value in the P/B Ratio [view article]
The assertion that ACAS has "lost control of their salary expenses" is a puzzling one to me, because their three and six month salary and SGA expenses have decreased year on year - exactly what you would expect from good managment knowing that there will be a coming cash shortfall because of the economic issues. Further, ACAS states that they hire two outside firms to value their portfolio, who value a 13% sample and have so far reported that the valuation is fair. I think the criticism that the assets of ACAS are very difficult to value fully, and hence the company trades at a discount is a fair one, but so far I see no evidence of management deliberately overvaluing or 'squinting' at value impairments, which I noticed they took this quarterEvidently hedge funds agree as we have an enjoyable short covering rally going Reply
Board and Executive Compensation in S&P 500 [view article]
Jackooo...you are exactly correct. The companies send out proxies, etc., as a "feel good" exercise, not something that will result in any change of directors, management, etc. The mutual funds are not doing their jobs when they simply go along to get along with extreme compensation packages being set up by compensation committees. Any time a compny is losing money badly, but gives top executives major pay raises, something is wrong inside the management of the companies. ReplyBoard and Executive Compensation in S&P 500 [view article]
Years ago when it became so obvious to me that boards of directors were nothing more than good old boys clubs, rubber stamps for corporate executives and every bit as greedy, I began to look in the proxy for the identities of the Compensation Committee. Every proxy I have voted since I have withheld my vote for those committee members and have encouraged others to do the same. May never have an affect but at least its something I can do to express my dissatisfaction... ReplyBoard and Executive Compensation in S&P 500 [view article]
I have both T and CMCSA. I notice their executive teams are paid the most. That's a shame from these two losers.The SEC can make up lots more rules & I can vote against the board but unless the mutual fund companies vote their shares against the boards, we individual share holders might as well forget proxy voting.
I cannot understand why the funds don't take the reigns? It is their clients that are losing money. It is true that most of the clients are dumb and lazy regarding financial savy but gezz. You would think the funds would do something, no?? Reply