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kolpin

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  • Qualcomm Rewards Investors In A Big Way [View article]
    Steve--I'm glad QCOM has done well for you. I have several technology stocks which I've also owned for decades and have that kind of capital appreciation. (bought MSFT at $2.56 in 1994, IBM and TXN since the 1960s/70s) However, your cost basis for QCOM and mine are quite different. QCOM has vastly underperformed my other technology stocks since 2012, and since I'm already overweight technology in my portfolio, it's easy for me to jettison.

    Everyone's portfolio construction needs are different. What might be right for me, might not be right for someone else. For example, I probably would have sold IBM long ago, if my capital gains were not so enormous; it's a good problem to have.
    Mar 10, 2015. 09:59 AM | 1 Like Like |Link to Comment
  • Qualcomm Rewards Investors In A Big Way [View article]
    of course maybe.

    as you probably know, I'm oriented more towards total return--so even though QCOM has been raising its dividends steadily, in terms of capital appreciation, it has underperformed all but one of my technology stocks since I purchased in 2012. (AAPL, TXN, MSFT, HRS, GOOGL, but not IBM) it has an unfortunate pattern of tanking on almost every earnings call (usually b/c it reduces guidance).

    since my portfolio already has a heavy weighting in technology, it's an easy decision for me to sell on this upswing (I may try to get greedy and raise my limit sell order to $80). I'll just keep the money as cash for now, though I have my eye on VFC, ABBV, SYK, TJX, and a few others.
    Mar 10, 2015. 12:07 AM | 1 Like Like |Link to Comment
  • Qualcomm Rewards Investors In A Big Way [View article]
    yay, I've been waiting for my limit sell order to hit--I'm going to finally sell this puppy now!
    Mar 9, 2015. 11:37 PM | Likes Like |Link to Comment
  • Construction Delayed, Bringing Down Southern Company's Rating From Buy To Hold [View article]
    thanks for the article! with SO's constant cost overruns/delays, I definitely want a greater margin of safety to buy SO. not just Fair Value, but under Fair Value.

    will look again when SO gets closer to $41-42.
    Mar 7, 2015. 12:26 PM | 4 Likes Like |Link to Comment
  • Investing In Utility Stocks The Right Way: Wisconsin Energy Corp. [View article]
    if anyone's interested, Mr. Carnevale just published a timely article on utility stock valuations, including WEC (which he deemed to be still overvalued at this time).

    good luck investing to all!

    http://seekingalpha.co...
    Mar 6, 2015. 03:43 PM | 5 Likes Like |Link to Comment
  • Dominion Resources Is Boosting Returns To Shareholders, But Is It A Buy? [View article]
    Eric--an additional note about the S&P credit rating vs. quality ranking. Obviously the credit rating is a pretty self-explanatory determinant of financial strength.

    The Quality Ranking isn’t a standalone credit score; it rates growth and stability of earnings and dividends. The Quality Ranking score is defined in a range from A+ (highest), A, A-, B+, B, B-, C+, C (lowest).

    A "B" quality ranking is defined as below average. D earns a "B" based on limited earnings growth and overvaluation.

    Anyhoo, my quickie conclusion is that both D and AEP are both interesting buys. I don't feel more strongly about one over the other.
    Mar 6, 2015. 11:54 AM | Likes Like |Link to Comment
  • Dominion Resources Is Boosting Returns To Shareholders, But Is It A Buy? [View article]
    eric--

    no worries! we're talking quality ranking vs. credit rating. chowder had a good explanation of the differences between the two, but frankly all I remember is that they're more similar than different. so either way, I wouldn't nix AEP simply based on a lower credit rating, just like I wouldn't nix D simply based on a lower quality ranking. (not that you were doing that either).

    Not trying to sell you on AEP or anything…frankly there are a lot of good utes out there and they often feel more similar than different to me. my purchase decision will probably come down to what's most undervalued…and it just may very well be D!

    fyi, here's a quick soundbyte on AEP's growth opps outside the utility business, ℅ M*.

    "Investments in transmission and environmental improvements during the next several years should support strong earnings growth.

    Transmission investment is AEP's most attractive long-term growth opportunity, given federal government incentives to improve the efficiency of the U.S. power grid. AEP has several multibillion-dollar projects in the works for the next five to 10 years, with plans to spend $4.8 billion in 2015-17. Its system size and grid operating experience give the company the resources and know-how to participate in just about any transmission project in the United States. AEP already has stakes in some of the largest, most advanced transmission projects in the United States and probably will have more opportunities like these in the future.

    Environmental investments also provide another growth area for AEP. Nearly 60% of AEP's power plant fleet burns coal, making it one of the largest coal-fired fleets in the United States. Government emissions regulations could require AEP to spend $4 billion-$5 billion through 2020 to retrofit its plants. The company should be able raise customer rates to recover most of this investment and a return on capital."
    Mar 6, 2015. 11:30 AM | Likes Like |Link to Comment
  • Dominion Resources Is Boosting Returns To Shareholders, But Is It A Buy? [View article]
    D is actually rated a "Strong Sell" and a B quality ranking by S&P, while AEP is a "Hold" and an A-. S&P has an 85% StarMine relative accuracy in evaluating both stocks.

    I don't put a ton of stock in the minute differences of quality/credit ratings between utes, but if you do, you might want to be aware...
    Mar 6, 2015. 11:01 AM | Likes Like |Link to Comment
  • Investing In Utility Stocks The Right Way: Wisconsin Energy Corp. [View article]
    ha! let's see if your luck holds out!

    this is one of those stocks that never does seem undervalued. I may be tempted around $44-45, however. if not, there are a few other utes that are a bit closer to my target buy prices.
    Mar 6, 2015. 10:27 AM | 1 Like Like |Link to Comment
  • Dominion Resources Is Boosting Returns To Shareholders, But Is It A Buy? [View article]
    eric--also take a look at AEP. I bought a few years back due in small part to Josh Peters at M*. He just added to his position recently within the DividendInvestor Portfolio, along with SO. It's one of the utes closer to fair value. I'm not a buyer here yet, but it's towards the top of my list.
    Mar 6, 2015. 09:48 AM | Likes Like |Link to Comment
  • Apple replacing AT&T in Dow Jones Industrial Average [View news story]
    wow. very long AAPL, but surprised they didn't kick out TRV or another tech like CSCO.
    Mar 6, 2015. 09:17 AM | 8 Likes Like |Link to Comment
  • The Dividend Growth Investing Mindset [View article]
    BigIslandBum--

    And I'm your polar opposite! I can't profess to have voluminous knowledge about technology, but I feel quite comfortable with investing in reasonably valued technology stocks (MSFT, AAPL, TXN, IBM, GOOGL) and have done quite well by simply buying and holding these stocks.

    I have been meaning to sell my QCOM and buy CSCO in its place since the beginning of the year, but QCOM refuses to go up and CSCO refuses to come down! I'll get this right one of these days.
    Mar 5, 2015. 10:32 PM | Likes Like |Link to Comment
  • The Dividend House DGI Portfolio: The Good, The Bad, And The Ugly [View article]
    DH--

    Haha, I remember trying to talk you off the SO ledge a few weeks ago!

    http://seekingalpha.co...

    instead of watching day to day market gyrations, why not set a limit buy order for SO for under fair value? that way you'll prevent yourself from making an emotional purchase...
    Mar 5, 2015. 10:21 PM | Likes Like |Link to Comment
  • Recent Buy: ONEOK [View article]
    unfortunately, 2015 OKS DCF will fall below 1.0 x coverage for the first few quarters of 2015. meaning there actually isn't plenty of cash to cover distributions. sorry.

    tim plaehn wrote a great article last night:
    http://seekingalpha.co...
    Feb 25, 2015. 11:07 AM | Likes Like |Link to Comment
  • In Search Of High Yield And Growth [View article]
    oh dear (hand to forehead). you do understand how general partners/master limited partnerships work, don't you?
    Feb 25, 2015. 10:55 AM | Likes Like |Link to Comment
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