SteveTheHawk

SteveTheHawk
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  • American Electric Power: Stay Wary Of That Valuation  [View article]
    I bought a small amount of AEP back in 2011 and have a lovely 6% YOC, so it has done it's job as a DG stock. I wouldn't mind owning a little more but won't look at it above $50. Seem like ute stocks have been driven too high in general.
    Feb 8, 2016. 04:04 PM | Likes Like |Link to Comment
  • Dividend Cut Risk Of The 6 Oil Super Majors  [View article]
    Gman,
    Thankful because I sold at $64 and even made a small profit. Thankful because I sold at $64 and I'm not sitting on about a 50% decline. Thankful because I'm a dividend guy and COP just cut their dividend in a big way. The dividend cut alone would be enough to make me dump the shares. Fortunately, I dumped it long before the cut so it's no longer a worry.

    The fact that I still own XOM and CVX is challenging enough. If COP was still in the mix, it would be a lot worse. That's why I'm thankful. If you believe it's a great investment, more power to you. I hope you make a killing.
    Feb 7, 2016. 04:03 PM | 4 Likes Like |Link to Comment
  • Retirement Strategy: Having Cash Is Not A Sin, It Is Smart!  [View article]
    Uncle,
    If you would prefer not to say, that's fine, but I was wondering what your favorite preferred ETFs and CEFs are.

    Steve
    Feb 6, 2016. 07:01 PM | 1 Like Like |Link to Comment
  • Retirement Strategy: Having Cash Is Not A Sin, It Is Smart!  [View article]
    RS:
    Such a difficult call to make, but overall my wife and I are about 35% cash or equivalents. I'm not anxious to jump in. I'm making buys IF I see a stalwart that is just too cheap to ignore, but those don't come along very often. I have no way of predicting interest rates, but my hunch is that they aren't going to increase much. This leaves many desperate for income and it probably has driven up the price on div stocks.

    Hard to say what it will take to bring a serious correction, but I want to have ammo available if that happens. My perennial question though is, how long does one wait? Thanks for the article.

    Steve
    Feb 6, 2016. 11:29 AM | 7 Likes Like |Link to Comment
  • Dividend Cut Risk Of The 6 Oil Super Majors  [View article]
    I own only XOM and CVX from the this group. Sold COP early last year (thankfully). Holding the other two at a sizable loss. I'm giving serious thought to trimming CVX and just eating the loss. I hold a bit more hope for XOM. I'm embarrassed to say that I went a little crazy and let the allocation get way too high.

    The Saudi's don't seem to have any interest in allowing the price of oil to rise. I don't know who can hold out the longest... Saudi's or CVX. When it comes to CVX, that nagging doubt thing is starting to creep in.
    Feb 5, 2016. 09:59 PM | 6 Likes Like |Link to Comment
  • Consider This Strategy To Reduce Stock Market Anxiety  [View article]
    Chuck,
    Love the article. Always a learning experience. Thanks for writing.

    Steve
    Feb 5, 2016. 02:27 PM | 17 Likes Like |Link to Comment
  • Hasbro and Mattel reportedly in merger talks  [View news story]
    Some toy companies might be allowed to merge, but not necessarily the two of the largest toy companies. I think you may be right.
    Feb 4, 2016. 01:14 PM | 2 Likes Like |Link to Comment
  • GE to phase out compact fluorescent light bulbs  [View news story]
    Yup, same for me. A couple years ago, our local recycling center was giving away a free CFL bulb with every visit. We accumulated about 15 of them. It's going to be a while before they are all used up. :-)

    By the time we switch completely to LED, the technology will be even better and the prices will be even lower.
    Feb 3, 2016. 08:44 PM | 5 Likes Like |Link to Comment
  • 3M raises its quarterly dividend by 8.3% to $1.11 dividend  [View news story]
    Most excellent! I made my first buy of MMM about 12 days ago. Nice bump in the divvy. I was guesstimating only a 5-6% increase at most. Shows you what I know.
    Feb 2, 2016. 06:03 PM | 5 Likes Like |Link to Comment
  • Kimberly-Clark Will Help You Weather The Market Storm  [View article]
    KMB might be a strong company and its business may revolve around consumer staples. The dividend is also likely safe. I can't get excited about the stock though. The current yield is at a low point for the last decade or so, and it seems quite expensive. Compared to M* fair value, it's 20% too high.

    Dividend increases have not been stellar by any means (though reasonable), and the payout ratio is 60+. KMB is the type of company I would love to own someday, but not at any price. Sorry if I come off as a negative Nellie. Just my 2 centavos.

    Steve
    Jan 26, 2016. 10:35 PM | 6 Likes Like |Link to Comment
  • New Purchase: 3M  [View article]
    Mike,

    Don't you hate it when that happens? :-)

    "But, doggone it, MMM's report was just swell and it went up 5% instead of down 5%."
    Jan 26, 2016. 11:43 AM | 1 Like Like |Link to Comment
  • New Purchase: 3M  [View article]
    Wish I could help you out there. I have no clue. I guess I don't view stock splits as useful or relevant. Some people seem to like them, so maybe there is some aspect of it that I don't understand. When I have had stocks split in the past, it didn't seem to make much difference. It mostly just made for a little extra work in Quicken and elsewhere.
    Jan 26, 2016. 11:01 AM | 1 Like Like |Link to Comment
  • 3M beats estimates, affirms outlook  [View news story]
    Made my first purchase (1/3 position) of MMM a few days ago at $137. Was hoping for a little bit more of a downtrend so as to buy more. Ah well.... back to waiting I guess. I'm still curious as to what they will do with the dividend. Wondering how come no announcement yet.
    Jan 26, 2016. 10:47 AM | 1 Like Like |Link to Comment
  • New Purchase: 3M  [View article]
    I'm guessing you won't regret owning MMM. I waited quite a while to buy. A few days ago, I took a 1/3 position at $137. Of course I'm hoping to grab more at a lower price. Don't know if that will happen, but one can hope. I don't view it as a bargain... more like fairly valued in my view. With a company like MMM though, fairly valued is good enough for me. On the plus side, I did buy at a 3% yield. It doesn't often reach this level which may indicate a certain level of undervaluation. I wish you well with your investment.

    Steve
    Jan 25, 2016. 10:29 PM | 9 Likes Like |Link to Comment
  • Dividend Aristocrats Part 48: 3M  [View article]
    That seems about right. I'm leaning toward the fair value viewpoint rather than the undervalued stance taken by M*.

    I have waited some time to get MMM into our portfolio. A few days back, I finally took a 1/3 position at $137. It's basically a dividend beast and I want the stability it provides. For a company like MMM, I'm content to buy at fair value. Of course, I'm hoping for an even better price in the future to take a full position.
    Jan 25, 2016. 05:32 PM | 3 Likes Like |Link to Comment
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