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SteveTheHawk

SteveTheHawk
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  • Update: Still Time To Sell Both AT&T And Verizon As Sprint Steps Up Its Pricing Initiatives [View article]
    As telecom providers go, Sprint would be my last choice. As a consumer I would however welcome some lower prices from T and VZ. I just don't know that Sprint can be taken seriously enough to warrant significant price cuts by the big guys in the room. Only those customers who focus completely on price would consider Sprint, because they certainly wouldn't buy based on service and coverage area.

    I am long T and don't see that changing. If I can catch it below $34, I'll be thinking of adding a little more.
    Sep 11 11:24 AM | 6 Likes Like |Link to Comment
  • Update: Still Time To Sell Both AT&T And Verizon As Sprint Steps Up Its Pricing Initiatives [View article]
    Snarky little bugger, aren't you? :-)
    Sep 11 11:17 AM | 5 Likes Like |Link to Comment
  • Bank Of America: Buy Before Everyone Else Does [View article]
    I sold BAC way back when.... around $40/share. Seems like ancient times. I suspect they will make a come back. After all, they are BAC.

    Still, I tend to be a "show me" type of investor. When they look like they have stabilized and are serious about providing a decent current yield along with a growing dividend, I'll be glad to plunk my money down.

    I've been tempted by those who so firmly believe in BAC, but I've decided to let them show me first.
    Sep 11 09:19 AM | 2 Likes Like |Link to Comment
  • Wal-Mart: Dividend Provides Investors Reason To Hold Through Business Transition [View article]
    Solid company, but if the next dividend raise isn't at least 5% (hopefully more), I'll be leaning toward a sell. I can handle one lousy year, but I don't want them to make a habit of it, transition or not.
    Sep 10 04:25 PM | 4 Likes Like |Link to Comment
  • McDonald's August Sales Leave Bad Taste In Mouth [View article]
    MCD does seem to be a company that's going to be around for the long haul. They've got some issues to deal with though, no doubt.

    I'm concerned about their next dividend increase though. The last increase was just 5%, much lower than years past. The payout ratio is as high as it has ever been. Makes me wonder if they will pull a WMT, and slide out a paltry, token increase.

    Then again, excluding the 08 recession, the current yield is about as high as it's ever been. I'm feeling some temptation to start adding slowly to our holdings, but with some trepidation. I see MCD div increases remaining in the single digits in the future. Hopefully, they will be high single digits so as to satisfy the Chowder rule. Anybody got a spare crystal ball you aren't using?
    Sep 10 11:07 AM | 1 Like Like |Link to Comment
  • Exxon Mobil: An Unloved Dividend Aristocrat [View article]
    Realtoi:
    I've been watching XOM for a while, waiting for a better price. It's now almost 4% of NAV in our dividend portfolio and was last purchased a little over a year ago.

    I must admit that a price of $92 sounds lovely. I've got some cash burning a hole in my pocket and wouldn't mind some more XOM. I'm looking for solid and steady stocks for retirement. I'm envious in that I wish I had bought in to XOM in the 80's. Nice return.

    Steve
    Sep 9 09:50 PM | 1 Like Like |Link to Comment
  • Exxon Mobil: An Unloved Dividend Aristocrat [View article]
    Realtoi:
    I don't know if XOM has ever seen a 3% current yield, at least not for the last decade or so. According to the chart I looked at, it got close back in 2010 but in general it seems that if you get it between 2.5 and 2.75, you're doing ok.

    XOM doesn't seem to be richly valued. As I write this, the yield is 2.8%. The payout ratio is in the 30's. P/E is running in the normal/slightly high range. The Fast Graph looks pretty solid.

    It's a high quality company that is a core holding for many. I'm not recommending that you buy it by any means. That's obviously your call and depends on your goals. However, I think you could do worse than XOM at current levels.

    Steve
    Sep 9 11:09 AM | 1 Like Like |Link to Comment
  • Can A Successful Dividend Portfolio Be Assembled In 2014? - Part 2 [View article]
    Thanks, kolpin. No, I didn't see all the rest of the offers. Lots to choose from. I appreciate the info.

    Steve
    Sep 8 01:06 PM | Likes Like |Link to Comment
  • Can A Successful Dividend Portfolio Be Assembled In 2014? - Part 2 [View article]
    Kolpin:
    Thanks for the promotional list. Very handy. I would likely go for the cash bonus in that I hate flying.

    The 200 free trades wouldn't appeal much to me. It would take me several years to use up that many trades. So yeah.... just give me the cash.
    Sep 8 10:38 AM | Likes Like |Link to Comment
  • Can A Successful Dividend Portfolio Be Assembled In 2014? - Part 2 [View article]
    Mike:
    Thanks for your comment about Fidelity's research. Seems to be something of a consensus as to who has the best research. I have heard good things about Vanguard's service. Alas, I wouldn't quite qualify for the $2 trades.

    So, I would be looking at $7 for Vanguard vs. $7.95 for Fidelity. Not a huge difference for someone like me. I don't generally trade a lot. On average, maybe 15 to 20 trades per year.

    Steve
    Sep 8 10:32 AM | Likes Like |Link to Comment
  • Can A Successful Dividend Portfolio Be Assembled In 2014? - Part 2 [View article]
    Chowder:
    Thanks for the recommendation. Fidelity was on my short list of brokerages to check out. My wife and I currently have Roth accounts with Ameritrade. My thinking is that I should look for a brokerage with reasonable fees that also provides research not available on Ameritrade. Sounds like Fidelity would fit that bill.
    Sep 8 10:19 AM | 1 Like Like |Link to Comment
  • Can A Successful Dividend Portfolio Be Assembled In 2014? - Part 2 [View article]
    maxbelski:

    http://bit.ly/vbxgQm
    Sep 7 05:10 PM | 1 Like Like |Link to Comment
  • Can A Successful Dividend Portfolio Be Assembled In 2014? - Part 2 [View article]
    IZZK:
    Good thought, but I doubt that any "deals" would be offered in my case. My current 401K is a state government plan. They pretty much operate by the rules, and that's it. I'm going to need to make the move to a broker.

    Some brokers out there are offering free trades or a couple hundred bucks if you open a rollover with them. That won't dictate my decision, but I may end up with a small perk anyway.
    Sep 7 10:25 AM | Likes Like |Link to Comment
  • Yield On Cost: A Vitally Important Consideration For Retired Investors [View article]
    Chuck:
    IMO, your articles (including this one) consistently provide great food for thought and I heartily encourage you to continue. I agree that personal attacks and/or snide comments are inappropriate. If one views YOC as pointless or "stupid", great..... ignore it and move on to articles you enjoy. Making snide comments is where pointless and stupid comes into play.

    Thanks for all you do, Chuck.
    Sep 6 08:33 AM | 4 Likes Like |Link to Comment
  • Can A Successful Dividend Portfolio Be Assembled In 2014? - Part 2 [View article]
    Bob:
    I'm retiring at the end of October and will definitely be rolling my 401K into an IRA. It is surprising that a fair number of people don't know about this option. Like you said, I don't think the plan administrators go out of their way to make it known. Kind of goes against their interests I suppose.

    My plan does have a self-directed option as well that allows for stock purchases. IMO, the fees are too high though. A $50 annual fee is imposed and stock trades are $20 a pop. If I roll it over, I can skip the annual fee and cut commissions in half. Makes sense to me. I just have to figure out which broker I want to go with.
    Sep 5 06:22 PM | 2 Likes Like |Link to Comment
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