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SteveTheHawk

SteveTheHawk
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  • ConocoPhillips: A Solid 4% Yield Now On Sale [View article]
    Well, I did adjust my buy flag down, from $74 down to $70. Then, based on the action within the oil sector, I dropped it again to $66. Now, here COP sits at $64 and change, with a current yield of 4.5%.

    I sure wish I had a crystal ball, but I'm getting sorely tempted at this price level. That's a sweet yield. This might be a good time to begin my DCA purchases with this stock.
    Oct 15 02:03 PM | Likes Like |Link to Comment
  • Retirement Strategy: Johnson & Johnson Did WHAT Today? [View article]
    I purchased JNJ once in 2006 and once in 2007. It's grown so nicely that it's still about 7% of our holdings, with a cost basis of about $60. However, I find myself in a position of needing to buy more because of a 401K to IRA rollover.

    I'm very much hoping for a full 3% current yield. Wondering if it will hit $94. Hoping that this "correction" carries on for a bit longer so I can bump up the JNJ.
    Oct 15 01:41 PM | 2 Likes Like |Link to Comment
  • Cash Is King: Here Is How To Take Advantage Of The Big Sell-Off [View article]
    Good point, Mike.

    Well, it will be some time before I get anywhere near fully invested. I can afford to wait for earnings. It might just an ideal time to buy. Thanks for your input.

    Steve
    Oct 15 12:14 PM | Likes Like |Link to Comment
  • Cash Is King: Here Is How To Take Advantage Of The Big Sell-Off [View article]
    Mike:
    I'll have to admit that I have no clue as to where oil prices will land. However, I've got a bunch of cash to invest in that I just completed a 401K to IRA rollover.

    Most of the money will be invested by DCA means over the next year. I'm going to invest about 20% of it right away though. So, what I've decided to do with CVX and XOM is let the price sink. If it drops by about 5% from my previous purchase, I buy some more. I'll do that at least until I get my 20% working for me.

    XOM in particular intrigues me as a core holding. I can remember thinking that I would never catch it at a 3% yield. Well, here we are..... I was wrong :-).

    Steve
    Oct 15 10:36 AM | 1 Like Like |Link to Comment
  • 45 Attractive Dividend Growth Stocks In Today's Overheated Stock Market - Part 1 [View article]
    Nice story, Craig. I mean, not the unpleasant things that happened, but that despite the setbacks, you managed to persevere and come out the other end in decent shape.

    I began DGI in earnest in 2011. Your phrase of "modest" definitely fits in my case. Even so, I have already experienced some pleasant benefits in the process. DGI = good stuff.

    Steve
    Oct 15 10:20 AM | 2 Likes Like |Link to Comment
  • Like Coal? Buy Alliance Resource Partners [View article]
    ARLP has done alright by us. Bought it about 2.5 years ago at $28 and have been loving the dividends ever since. The price sure is getting slapped around as of late, but that's ok. Just keep sending the divvys.
    Oct 14 04:12 PM | 2 Likes Like |Link to Comment
  • 45 Attractive Dividend Growth Stocks In Today's Overheated Stock Market - Part 1 [View article]
    Looking forward to the read, Mike.
    Oct 14 04:06 PM | Likes Like |Link to Comment
  • Time To Consider High-Yielding Chevron? [View article]
    Cape:
    Thanks very much. Looking forward to it.
    Oct 14 12:56 PM | 1 Like Like |Link to Comment
  • Time To Consider High-Yielding Chevron? [View article]
    My most recent purchase of CVX was at $120. Prior to that it was $111. Now it's back to $112 or so. Guess I have to keep buying in, and I retire in about 3 weeks.

    If you have 20 years to retirement (not to mention however many years IN retirement), I suspect you will be glad that you owned CVX. The plummet in price you mention will probably no longer even be in your memory banks.
    Oct 14 09:30 AM | 7 Likes Like |Link to Comment
  • 45 Attractive Dividend Growth Stocks In Today's Overheated Stock Market - Part 1 [View article]
    Mike:
    Very well stated. You gave a great example of realistic expectations. I also started about 3 years ago, though I'm older than you. I retire in about 3 weeks :-).

    Even so, I expect dividend income to enhance our pension and SS income quite nicely. Pretty much once a week I want to bang my head on the wall for not starting this process sooner. But.... I would just have to spend more money on Motrin.

    Steve
    Oct 13 03:17 PM | 6 Likes Like |Link to Comment
  • 45 Attractive Dividend Growth Stocks In Today's Overheated Stock Market - Part 1 [View article]
    Lucky:
    If you are hoping to be proven wrong, I think some of the very experienced members here will provide some decent comments. Whether or not you will be "proven" wrong is likely just a matter of opinion though.

    I would love to provide some insight. However, I've only got about 3 years of DGI under my belt and don't consider myself experienced enough to provide a detailed opinion. Maybe in another 5 years or so.

    I understand the basic principles of DGI, and in the last few years I've become convinced that it's going to work for my wife and I. Good luck with whatever route you decide to take.
    Oct 13 09:33 AM | 1 Like Like |Link to Comment
  • 45 Attractive Dividend Growth Stocks In Today's Overheated Stock Market - Part 1 [View article]
    Lucky:
    Rental properties are a whole different game that I won't even get in to. Suffice it to say that some of us have no interest in being a landlord.

    This is basically the argument that occurs over and over here on SA. Growth investing versus DGI.... the debate never ends. I'm a DG investor, pure and simple. It works for me (and a whole lot of others).

    I won't argue if you are wrong or right in that these diatribes rarely resolve anything. Nobody's mind is changed and we carry on with what works for us.
    Oct 12 01:41 PM | 1 Like Like |Link to Comment
  • Johnson & Johnson Has Downside To $90 [View article]
    You are correct, Rose. I don't know how I came up with a 3% yield at $90. Thanks for the correction.

    Steve
    Oct 11 05:40 PM | 1 Like Like |Link to Comment
  • Kellogg Is A True Dividend Champion And Very Cheap [View article]
    I guess that if I owned Kellogg right now, I would hold. I don't own any, but also don't see it as a screaming buy. At best, I would say that it's at a reasonable or slightly expensive valuation. One concern for me is the low dividend growth in recent years. It seems to no longer qualify under the Chowder rule.

    I believe the company will be fine, but I'll take a wait and see approach on the stock.
    Oct 10 02:30 PM | 5 Likes Like |Link to Comment
  • Johnson & Johnson Has Downside To $90 [View article]
    No doubt, Cape. JNJ is one of those that I view as a buy consideration whenever the current yield exceeds 3%. It's our second largest holding so I can't really buy more at the moment, but I'm still always watching for an opportunity.

    JNJ hits a 3% yield at about $90. It might have a hard time getting to $80 and 3.5% yield. If it does, I'm thinking that I'll ignore allocation issues and do the buy thing.
    Oct 10 02:08 PM | 2 Likes Like |Link to Comment
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