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Bikerguy

Bikerguy
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  • Medallion Financial's Recovery No Surprise, A Sign Of Positive Long-Term Prospects [View article]
    Gordon I think that the actual decline is more than you stated. As you noted the $800K was a foreclosure. That means that the medallion could not be sold for $800K, therefore, it is worth less. I have no position and never will have any position in TAXI.

    Bikerguy
    Feb 25, 2015. 03:12 PM | 1 Like Like |Link to Comment
  • Why Income And Value Investors Should Prefer Unilever Over Procter & Gamble [View article]
    privately that 35% withholding can be problematic. The foreign tax credit is the lesser of the withholding or the foreign source income at the individual's tax rate. For qualifying dividends that is no more than 15%. Therefore, to receive the full benefit the US taxpayer must have other foreign source income not subject to foreign tax withholding. So, if your only foreign holding is NSRGY ou will loses the excess. Since there is a 10 year carryforward you can plan to use it by investing in another foreign company such as UL without withholding.
    Feb 22, 2015. 08:43 AM | Likes Like |Link to Comment
  • Why Income And Value Investors Should Prefer Unilever Over Procter & Gamble [View article]
    This is sort of KO vs PEP with a slight twist so own both. I have owned both since 2011 with approximately equal weight. The KO/PEP comparison twist is that UL/UN pays its dividends in Euros so that their is foreign exchange risk which at the moment is working against UL/UN. Additionally, for a taxable account, net of taxes UN has a better yield than UL. UN is subject to a 15% Dutch withholding tax which can be claimed as a credit by US taxpayers. UL is the British half and there is no withholding.

    Long PG, UL and UN
    Feb 21, 2015. 09:46 AM | 1 Like Like |Link to Comment
  • Phillips 66 Partners Hits A Home Run With Its Recent Acquisition [View article]
    Albert this article nicely explains the near turn growth for PSXP. I initiated half a position in January 2014 and watched the price just run away before I could buy any more. Hard to complain though with the great distribution growth and its future prospects.

    Long PSXP @ $38.42
    Feb 18, 2015. 10:07 AM | 1 Like Like |Link to Comment
  • This Dominant High-Dividend Stock Yields 6%, Pays Twice A Year And Goes Ex-Dividend Soon [View article]
    DDS using the US dollar market value and the AUD dividend improperly inflates the yield. According to Oanda, as of today the AUD 0.75 per ADS dividend converts to US$ 0.58 therefore the yield is 4.62% based on the stock price shown above. VZ yields 4.4% and T is at 5.4% both with better dividend growth rates and no currency risk. The improper yield computation gets a nice headline and more eye balls but it is wrong. Long VZ and VOD.
    Feb 15, 2015. 10:26 AM | 1 Like Like |Link to Comment
  • Should Social Security Be Considered A Bond Holding In A Retirement Portfolio? [View article]
    Robert I agree with you that SS and pensions are income. Unlike bonds they cannot be liquidated to generate immediate cash nor are they an asset of your estate. For our portfolio construction I only look at them as a source of income. Our equities/fixed income allocation ignores SS and pensions totally. If some consider that we have too much "fixed income" when the SS and pensions are annuitized I understand their position. However, we sleep well at night knowing that we have bonds maturing on a very regular basis that allows us to enjoy life and not fixate on market moves.

    Bikerguy
    Feb 3, 2015. 09:44 AM | 2 Likes Like |Link to Comment
  • It's Time For A Fresh Dividend Hike At Coca-Cola [View article]
    If you feel guilty then contribute the dividends you earn to an anti-obesity charity. I own KO and PEP but to tobacco. I look at tobacco companies as annuities with an ever shrinking user base and future declines. KO and PEP sell various products, some healthier than others, that overall grow and find new customers.
    Feb 1, 2015. 08:56 AM | 1 Like Like |Link to Comment
  • A Sleep Well At Night REIT That Just Boosted Its Dividend [View article]
    tricksible I am not a "must sell on dividend cut" investor. I hold a smaller position in RYN as an inflation hedge. Uncut timber is worth more each year and as the economy improves the price of lumber increases.

    Bikerguy
    Feb 1, 2015. 08:28 AM | Likes Like |Link to Comment
  • A Sleep Well At Night REIT That Just Boosted Its Dividend [View article]
    Brad this is the first REIT I bought after I started reading your articles. I am in at under $38 and very happy with it. Since I hold it in a taxable account I chose not to sell it when you did. I felt that the after tax dollars could not be deployed into a better yield. As a retiree cash flow means much more than asset value. BTW, we live just outside of Greenville and, like you, love the area.

    Long HTA, STAG, HCP, DLR, RYN and NHI.
    Jan 30, 2015. 08:27 AM | Likes Like |Link to Comment
  • My Roth Conversion Odyssey (Part 2) [View article]
    As a retired CPA I looked at the Roth conversions and Roth 401k while working. Much of the conversion issue, in my opinion, comes down to tax rates at the time of the 401k contributions, tax rates at conversion dates and the expected tax rates during retirement. Once I finished this analysis I determined that it was best for us NOT to either contribute to a Roth 401k nor convert the existing traditional IRAs to Roth IRAs. Even after taking onto account the RMD we will be in much lower tax rates than when we were working. The excess of RMD over funds need to live will simply be invested in our taxable account. Everybody's situation is different but this is working for us.
    Jan 25, 2015. 09:40 AM | 8 Likes Like |Link to Comment
  • My Roth Conversion Odyssey (Part 2) [View article]
    Sarte the RMD cannot be rolled over into anything. However, other funds in the IRA can be rolled into a Roth and you pay the applicable taxes. Section 408(d)(3) is referring only to the RMD not the remaining balance in the traditional IRA.
    Jan 25, 2015. 09:34 AM | 3 Likes Like |Link to Comment
  • Shaw Communications: Unveiling A Serial Dividend Increaser Paying Monthly [View article]
    Clayton we have held SJR since April 2012. I think it would be better known if it was on David Fish's CCC listing. However, due to the decline on the C$ versus the US$ it doesn't show growing dividends. Through various purchases the average cost is about $20. Also, may SA readers are put off by the Canadian tax withholding which does not apply to IRAs. I have about 1/2 of a position and plan on holding longer.

    Bikerguy
    Jan 20, 2015. 05:19 PM | 2 Likes Like |Link to Comment
  • Realty Income Corp: Why Now's A Good Time To Sell [View article]
    user your lever did not get any longer. Yes, you own twice as many shares but so does everyone else. Your ownership percentage has not changed as a result of the stock split. Both the share value and the dividend per share will be cut in half so that you have the same value and income stream. That to me doesn't sound like an increase in your "lever." Additionally, a long lever will not allow you to move the world, you also need a fulcrum and you do not have that either with a stock split.

    Bikerguy not long O
    Jan 18, 2015. 09:52 AM | 3 Likes Like |Link to Comment
  • Recent Buy: Unilever [View article]
    AKing- First revenue is not reported on the balance sheet. The income statement is where you will find revenue, cost of sales, expenses and net income. Second, in the footnotes you will find geographic segment reporting. It may not be country by country though.

    Perhaps you should read the annual reports and especially the financial statements including all of the footnotes. However, they can be very complex so you may need an accounting primer as well.

    Bikerguy
    Jan 16, 2015. 09:11 AM | Likes Like |Link to Comment
  • Recent Buy: Unilever [View article]
    r_bart as a US citizen I hold UN in my taxable account. UN has a slightly higher yield than UL and the Dutch tax withheld is an offset on my federal income taxes. If I held Unilever in a tax deferred account I would hold UL. On most web sites the dividend and yield for UN reflect the net of withholding tax so that the yield and dividend appear to be less than the UL dividend and yield.
    Dec 29, 2014. 09:00 AM | Likes Like |Link to Comment
COMMENTS STATS
337 Comments
559 Likes