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Graybeard44

Graybeard44
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  • 3M's Premium Is Unjustified And The Stock Looks Expensive [View article]
    Have owned MMM since the early 90's. At that time, my broker told me it was stupid to buy MMM, because it was over-priced. Now my dividend is over 13% (based on my cost), and after two stock splits, my basis is so low that I couldn't afford to sell. even if I wanted to. Buying 3M was one of the best investment decisions I ever made -- even though it was "too expensive!"

    Go MMM!
    May 13, 2015. 09:37 AM | 2 Likes Like |Link to Comment
  • Generating $100 A Month From Kinder Morgan [View article]
    Those 3118 bonds with the 4% coupon are available ONLY in the secondary market (bonds that were issued some time ago, but are now being re-sold).

    You can expect to pay a premium price for a bond issued by a AAA company paying a 4% coupon rate. I don't really care what the coupon rate is. What's important is the rate of return that I will receive, based on my purchase price.
    May 8, 2015. 05:11 AM | 2 Likes Like |Link to Comment
  • High-Yield Placeholders For Dividend Champions [View article]
    KMI is NOT a partnership. Richard Kinder eliminated Kinder Morgan Partners (KMP) and their limited liability corporation (EEQ) last year, and folded them into Kinder Morgan, Inc., which used to be the general partner for KMP.
    Apr 25, 2015. 01:50 PM | Likes Like |Link to Comment
  • 7% Raise For The Dividend Growth 50 [View article]
    If Fidelity were the last brokerage on earth, I'd have to get out of the market.

    When my wife retired, Fidelity was the custodian of her 403-B account. Their clerical error cost us about $3,000.00. After months of haggling without success, we moved to Schwab, where we are treated with courtesy, fairness and respect. We got a $600.00 bonus,too.
    Apr 7, 2015. 11:58 AM | 3 Likes Like |Link to Comment
  • GE: Small But Meaningful Investments [View article]
    I agree that 2015 is somewhat problematic for GE. I don't know whether the current investments will start to pay off in 2016, 2017, or later. What I DO know, is that eventually the companies that are currently inventing our future will generate gains and increasing profits. GE is such a company, and is now back to paying a good dividend while I wait for future developments. If only I had bought more when it was priced below $10//share.
    Apr 2, 2015. 09:46 AM | 1 Like Like |Link to Comment
  • 3M's Serial Dilution Is Lessening The Buyback's Effectiveness [View article]
    Do you really think that the number of new shares issued for management incentives, acquisitions, or other purposes would have been any less if the company weren't buying back shares?

    I'm not a big fan of some reasons for issuing new stock, but stock issued is unrelated to the buy-back.

    I'd REALLY like them to split the stock, even though that would require them to issue 700MM new shares.

    Go MMM!
    Mar 27, 2015. 09:34 AM | 1 Like Like |Link to Comment
  • Should You Worry About Your CenturyLink Dividend? [View article]
    In Minneapolis, US Internet is building our a fiber--optic to the home network.
    Feb 28, 2015. 09:51 AM | Likes Like |Link to Comment
  • Navios Maritime Partners L.P. Deserves A Closer Look [View article]
    I would also look at the preferred stock of NMM's parent company, Navios Marine (NM). There are two issues, NM/PRG and NM/PRH. They each pay about 10%, with better downside protection IIMHO.
    Feb 20, 2015. 08:26 AM | Likes Like |Link to Comment
  • Should You Buy Target's Ron Johnson Moment? [View article]
    Why is Target worth more than Walmart?

    Where would you rather shop?
    Jan 18, 2015. 08:25 AM | 3 Likes Like |Link to Comment
  • 3M: A Wonderful Company, But Not A Wonderful Price [View article]
    Canada:

    Thanks for your reply, and research into the history of MMM.

    Back in 1993, I had two kids, a business, and an aging mother who demanded daily attention. I did not have time (or,honestly, a lot of interest) in studying market conditions, or comparing the current value metrics of different companies. What I did know was that the future belonged to those who would invent it, and that 3M was the most creative big company that I knew of. I saw that 3M products were of high quality, and that they commanded premium prices in the market. I saw that they were building their business in many different industries.
    I saw that they had been paying a dividend every year for almost a century, and increasing it every year for three decades. Because their world headquarters were in my town, the local newspaper covered their important moves.

    To me, that all added up to a "no-brainer." I think that all those conditions still apply, and that 20 years from now no one will remember, or care, whether the P/E in 2014 was 18 or 22.

    I'm sorry if I've wasted your time, but I think it is important for everyone to at least consider basing their future prosperity on the ownership of the great companies who continue to invent our future world.
    Dec 30, 2014. 09:42 AM | 2 Likes Like |Link to Comment
  • 3M: A Wonderful Company, But Not A Wonderful Price [View article]
    Doc:

    Yes. GE, INTC, PHG, ECL and JNJ might be worth a look, even if they are ALL expensive.
    Dec 29, 2014. 10:55 AM | Likes Like |Link to Comment
  • 3M: A Wonderful Company, But Not A Wonderful Price [View article]
    Doc:

    My point is that in 1993, my broker made the same argument that you make today. Stocks like Schlumberger and 3M don't go "on sale" very often, and if you want to own them, you simply have to take a deep breath and dive in.

    When I bought 3M, it was at an all-time high.
    Dec 29, 2014. 10:03 AM | 3 Likes Like |Link to Comment
  • 3M: A Wonderful Company, But Not A Wonderful Price [View article]
    So, where were you with this advice in 1993(?), when I had to "arm-wrestle" my broker (who said 3M was too expensive) in order to buy it at $104.00 per share.

    Since then, those shares have split twice, and have increased my dividend every single year. Was it expensive? Perhaps. I DO know that I've never been sorry for the purchase, and that I started doing better with my investments when I stopped worrying so much about "price," and started concentrating on the future prospects of the companies in which I want to invest. Getting away from a "full-service" broker helped a great deal, too.
    Dec 29, 2014. 08:55 AM | 6 Likes Like |Link to Comment
  • 3M: A Wonderful Company, But Not A Wonderful Price [View article]
    Then you "cudda, wudda & shudda" bought in October.
    Dec 29, 2014. 08:40 AM | 1 Like Like |Link to Comment
  • General Electric: The Stealth Index Fund With Twice The Yield [View article]
    On Dec 16,2014, GE announced that the dividend (x-div date 12/18/14) to be paid on January 26, 2015 will increase from $0.22 to $0.23/share.
    Dec 29, 2014. 08:26 AM | 4 Likes Like |Link to Comment
COMMENTS STATS
132 Comments
212 Likes