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SteveTheHawk

SteveTheHawk
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  • The Good And Bad In National-Oilwell [View article]
    eco,
    I have 26 stocks in total. NOV has one of the lowest weights in the group.
    Aug 23, 2015. 09:26 AM | 3 Likes Like |Link to Comment
  • The Good And Bad In National-Oilwell [View article]
    TBDI,

    I do set up a lot of email alerts through my broker. I don't often set limit orders. I did so with NOV thinking that it might be a bit volatile and could spike down to what I thought was a good buy price. In hindsight, I certainly could have set it lower, but hindsight isn't all that useful in real life. I probably should have set up an alert a couple dollars higher than the limit order, but I didn't. We'll see how that works outs I guess. For now, I have no further limit orders on this stock.
    Aug 23, 2015. 09:24 AM | 1 Like Like |Link to Comment
  • The Good And Bad In National-Oilwell [View article]
    Adib,

    Makes sense to me. Probably no reason to rush into a buy I guess.

    Steve
    Aug 22, 2015. 11:45 PM | 1 Like Like |Link to Comment
  • The Good And Bad In National-Oilwell [View article]
    Green,

    All of this assumes that the dividend is safe. Reasonable minds could conclude that there might be at least a temporary disruption to the dividend. After all, NOV is a long way from being a Dividend Aristocrat. That being the case, I'm not willing to allocate a lot to this stock.

    If I had to do it over again, and all things considered.... I would wait for a yield that was closer to 5%. Maybe $37 or $38 (about where it is now), rather than at $40. Even at that price, I wouldn't buy heavily. Too much uncertainty for my taste. Just my two cents, which about what you should pay for my opinion :-).

    Steve
    Aug 22, 2015. 11:43 PM | 2 Likes Like |Link to Comment
  • The Good And Bad In National-Oilwell [View article]
    Green,

    I can understand sitting on the fence. If I had been paying closer attention, I might have adjusted or deleted the limit order. Things went downhill quickly with NOV, at least when it comes to price.

    I guess we don't know how it will all shake out, but for now I'm willing to hold at a 1.4% allocation and hope for the best. NOV is one of the best in the industry, so I got that going for me :-).

    Steve
    Aug 22, 2015. 10:19 PM | 3 Likes Like |Link to Comment
  • The Good And Bad In National-Oilwell [View article]
    Back when NOV was somewhere around $50, I put in a limit order at $42, then later changed it to $40. My thinking was that if the price ever got that "ridiculously low", I would be a sap if I didn't buy it (no holdings in NOV at the time). I actually never expected the price to hit.

    Before I knew it, the buy went through and NOV is now 1.4% of my portfolio. I'm having second thoughts, but will likely just leave it alone and hope that my faith in the dividend has not been misplaced. I won't be placing any more limit orders though. The carnage in the energy sector could take some time to work out. At the very least, I expect NOV's dividend growth to slow or perhaps come to a halt. Still, I'm getting 4.6% on my purchase which isn't horrible. We shall see. Holding for now.

    Steve
    Aug 22, 2015. 09:51 PM | 5 Likes Like |Link to Comment
  • PG's Real Problem: Why Consumers Should Buy Their Products [View article]
    I agree with the article as to valuation. I bought some PG in 2011 and couple more small chunks in early 2014, with average cost being about $68. I have no interest in buying at current prices. The payout ratio and puny dividend increase are red flags IMO.

    I do suspect though that the price drop will decelerate as the yield climbs. After all, current yield is 3.6% which is about as high as it's been in the last 20 years. Interest rates are still horrible and likely will be for some time. Probably a fair number of people will buy just for the yield if it gets much higher.

    What I have been pondering is whether or not PG has a way out of these doldrums. They are basically a "premium" product company. I feel that in general, (except for a select group of people) the standard of living in this country is on a continual downward glide. I have to wonder if the masses will want to pay for a premium product if they can avoid doing so. If that is so, where will that leave companies like PG?

    Steve
    Aug 20, 2015. 05:31 PM | 4 Likes Like |Link to Comment
  • McDonald's expects significant sales lift from all-day breakfast [View news story]
    What I would like to try is a quarter pounder with egg and grilled onions, on a biscuit. The best of both worlds.
    Aug 19, 2015. 05:12 PM | 5 Likes Like |Link to Comment
  • More Pain Awaits National Oilwell Varco [View article]
    I have waited quite a while to own NOV, but always viewed it as too pricey. Some time ago I put in a limit buy order at $42, then lowered it to $40. The price hit a couple days ago, so NOV is now 1.3% of our portfolio. I actually never expected it to hit, but I won't complain.

    I love the 4.5% yield, but that all assumes the dividend is safe. I suspect it is safe, but I'm not willing to bet the farm on it. I'll likely just put it on hold for now.

    Steve
    Aug 11, 2015. 08:54 PM | 5 Likes Like |Link to Comment
  • Lanny's Recent Purchase - EMR [View article]
    My last purchase of EMR was just under $52 in July. I have EMR as a "supporting" position, which means a max weight of about 5%. It's already about 4%, so I'm going to take my time on topping it off. If it hits a 4% yield ($47), it will be time to buy and top it off.

    As Carp Watcher stated above, I'm a little concerned going forward due to analyst estimates. For now though, I'm giving EMR the benefit of the doubt and will stick with a long-time winner.
    Aug 9, 2015. 03:15 PM | Likes Like |Link to Comment
  • Emerson: Where's The Bottom? [View article]
    I agree, Cape. Solid company. It plays a supporting role in my portfolio, which means about a 5% max weight. It's already a hair over 4%. With the Network Power spin-off providing a little uncertainty, I'm holding off on filling out the rest of the position.

    Any thoughts on the spin-off? On one hand, it provides a substantial chunk of EMR's revenues. On the other hand, it's an under-performer.

    Steve
    Aug 6, 2015. 01:54 PM | 1 Like Like |Link to Comment
  • Improving My Portfolio's Quality With Shares Of 3M Company [View article]
    Never owned Coach, so no worries there. I very much want MMM in the portfolio and have been waiting for some time. I can't bring myself to buy it though. I view it as maybe fairly valued at best.

    From a DGI perspective, it is certainly a solid company. Once in great while, they throw out a very nice double digit dividend increase. However, looking at the FG chart for the last 15 years, it seems the majority of annual increases are low to mid single digits. Dividend CAGR is 7%. Considering the lowish current yield, I can't get excited about it.

    It's one of the best quality investments out there IMO, but it's an expensive one. I might take a rather small initial position at $145, but ultimately I'm hoping for $140 or below. I suspect a serious market correction will be required for that to happen.

    Steve
    Aug 2, 2015. 11:20 AM | 2 Likes Like |Link to Comment
  • A Dividend Growth Stock Portfolio For July 27, 2015 [View article]
    Chowder is offering to manage some money?? Oooh, ooohh, oooohhh! Right here, right here! <Waving hand frantically>.
    Aug 1, 2015. 08:43 PM | 4 Likes Like |Link to Comment
  • A 2015 Review Of The Dividend Safety Superstars [View article]
    rhiannion,

    Thanks for the recommendation. I'll add that book to my list of future possible reads. For now, I have a rather tall stack waiting to be read. Probably shouldn't add to it. :-).

    Steve
    Aug 1, 2015. 04:06 PM | Likes Like |Link to Comment
  • A 2015 Review Of The Dividend Safety Superstars [View article]
    DJ,

    I suspect you are correct as to low crude prices hanging around for a while. I can't see anything immediately that would cause the price to rise. For now, I'm just placing my faith in the management at CVX and XOM.

    There are some other stocks in the sector that are catching my attention, with NOV being of particular interest. However, until I see some glimmer of hope as to drilling rig activity increasing, I'm holding off on adding that one. I can remember a time that I thought NOV would never see the low $40's. Now it seems to be the base price. My how things change.

    Steve
    Aug 1, 2015. 04:03 PM | Likes Like |Link to Comment
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