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SteveTheHawk

SteveTheHawk
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  • Coca-Cola Still A Great Stock: Here's Why [View article]
    Agreed. Great company, great stock..... but only at the right price. If it gets down to $37 or so, I'll be adding a bit more.
    Nov 29, 2013. 01:34 PM | Likes Like |Link to Comment
  • Procter & Gamble: Expecting 6-7% Annual Dividend Growth Through 2018 [View article]
    PG is rather expensive at the moment. If I can catch a 10% drop in price, I might be a buyer though. I like the income stability.

    Like you, I'm not expecting a double digit DGR in the future and I have my doubts that PG will ever again satisfy the Chowder number of 12. PG is about 3% of our portfolio. I would like it to be between 6 and 8%. If I run across that 10% drop, I'm going to think seriously about bumping it up to a full position.
    Nov 27, 2013. 07:49 AM | Likes Like |Link to Comment
  • Should You Buy Realty Income At Current Prices? [View article]
    Nice article, Tim. I tend to agree that O isn't cheap. I bought a little more yesterday and O is now about 2% of our div portfolio. That's about as high as I want to take it for now. I wanted to get a position started and my hope is to add more on further significant dips. For me, it's all about the income and hopefully O won't let me down in that regard.
    Nov 27, 2013. 07:07 AM | 5 Likes Like |Link to Comment
  • Realty Income May Be Old School, But The Dividends Are Really Cool [View article]
    We had a small holding (about 1% of div stocks) so I doubled down this morning. However, I paid $38.15. So aren't you just the Mr. SmartyPants? Trying to make me look bad aren't you? :-)
    Nov 26, 2013. 01:10 PM | Likes Like |Link to Comment
  • Dividend Buy Of The Month: Target Corporation [View article]
    Well, TGT dropped 4% this morning on their earnings report. So, I made my first purchase at $64. We'll see where it goes from here I guess.

    Still haven't sold my WAG holdings though, but it's a distinct possibility.
    Nov 21, 2013. 10:46 AM | Likes Like |Link to Comment
  • Dividend Buy Of The Month: Target Corporation [View article]
    Mantra:
    Nathan's??? Not bad I guess. As you say though, no comparison to Koegel's.

    I would love to let WAG go on, but I also want to improve our portfolio if possible. I have yet to reach an absolute decision on WAG versus TGT. I'm taking my time, and thinking it through. I just don't want to make any new money buys at the moment. We shall see I guess.
    Nov 18, 2013. 02:12 PM | Likes Like |Link to Comment
  • Dividend Buy Of The Month: Target Corporation [View article]
    Hi Cape:
    I don't have a problem holding a stock that has a large gain. I have a few of those on hand at the moment. I don't view that alone as a reason to sell.

    My focus is on trying to provide my wife and I with a growing stream of income. I normally wouldn't think of selling WAG, but I am starting to view it as being pretty expensive (in addition to the fact that it's getting very close to a 2% yield).

    I could just ride WAG for a long time to come and watch the div grow, buying more when yield improves, etc. At the moment though, TGT seems (I could be wrong of course) a little safer, has a slightly higher yield and roughly equivalent DGR.

    If all my assumptions are correct, swapping for TGT gives me the increasing income, a little more safety and continued dividend growth.

    I did recently sell WAG from my wife's Roth because of allocation. It was over 7% of our holdings and I wanted to get it down to 5% or less. We also doubled the div income with the replacement stock, so a good deal all around. Selling the WAG that remains is not an allocation move. Just an attempt at improving things a little. If WAG should eventually correct closer to a 3% yield, I wouldn't hesitate to buy back in.

    Disclaimer: I'm not an investing professional. I'm also not massively experienced with DGI and may eventually prove myself to be an idiot in that regard. So, take what I say with a grain of salt.

    Steve
    Nov 18, 2013. 01:56 PM | 3 Likes Like |Link to Comment
  • Dividend Buy Of The Month: Target Corporation [View article]
    Mantra:
    Nice article. At the moment, I'm contemplating a swap of our WAG shares for TGT shares. WAG seems priced to perfection and I'm sitting on a large gain. TGT seems a little safer at the moment and has a bit higher yield. Your article is helpful and informative.

    As for me, I was born in Michigan and I'm still here. Might be able to consider moving some day (to a warmer climate of course). Right now, this is home. Koegel Vienna hot dogs and Vernor's. What else could you ask for?
    Nov 18, 2013. 12:28 PM | Likes Like |Link to Comment
  • Retirees: What Is The Best Choice For A Small Income Portfolio? [View article]
    Fleet:
    I recently sold our WAG holdings in my wife's Roth account and bought a 4% yield with the proceeds. I still hold WAG in my account and am starting to agree with you on a sell. My capital gains are very close to 100% and WAG seems to be getting overpriced.

    Though the DGR for both companies is similar, at this point, TGT seems a little safer than WAG and buying it would improve my income slightly. WAG just passed its ex-div date, so I'm thinking I'll take the quarterly div and perhaps move along.
    Nov 17, 2013. 12:17 PM | 1 Like Like |Link to Comment
  • You May Think That The Market Is Overvalued But These Dividend Champions Are Not: Part 1 [View article]
    Doug:
    Thanks for your comment. I am starting to lean more toward keeping my allocation stop at 8% rather than 10%. I have several stalwart stocks on my watch list that I don't own yet. Catching a reasonable price seems near impossible these days. However, if/when I start buying some of them it should bring down the percentages on my high allocation holdings.

    I would like to expand my list of stalwart holdings. If I can manage to do that, I might be able to get the max allocation down to 7% or so. That seems like an acceptable number.
    Nov 16, 2013. 12:13 PM | 1 Like Like |Link to Comment
  • You May Think That The Market Is Overvalued But These Dividend Champions Are Not: Part 1 [View article]
    Chowder:
    I do tend to take your approach of "let them prove" their worthiness when taking new positions. My goal is to have about half of the portfolio filled with stalwarts to provide a bit of income stability. No rapid dividend growth with these stocks, but I enjoy that warm, fuzzy feeling.

    As far as the remaining stocks, yes, they need to prove it to me. I read the article you referenced above. Nicely done. For the record, I also took it in the shorts with EXC and to a lesser extent with BP.

    Thanks for your comments. Good food for thought.
    Nov 15, 2013. 10:39 PM | 1 Like Like |Link to Comment
  • You May Think That The Market Is Overvalued But These Dividend Champions Are Not: Part 1 [View article]
    Thanks, Chowder. Sounds like a full position amounts to roughly 5% of your portfolio. I'm curious how others do it. We currently have 22 holdings that range from 2% up to almost 10%. I have a mental stop in at 10%.

    The larger holdings are stocks like JNJ, PEP, KO and T. Even though they are stalwarts so to speak, I wonder if 10% is a bit high. I know that opinions vary but it's good to see how others work it.
    Nov 15, 2013. 08:15 PM | 1 Like Like |Link to Comment
  • You May Think That The Market Is Overvalued But These Dividend Champions Are Not: Part 1 [View article]
    Chowder:
    Just curious what your definition of full position is? Is it a certain percentage of total portfolio value? Does yield enter into it? Thanks.
    Nov 15, 2013. 11:55 AM | Likes Like |Link to Comment
  • Retired Income Investors - What You Need To Know About Dividend Cuts [View article]
    Bob:
    Once again, another great article. Thanks.

    I was not aware of the Dividends section under Market Currents. Thanks so much for pointing that out. Very handy.

    Steve
    Nov 9, 2013. 08:47 AM | 8 Likes Like |Link to Comment
  • Ringing The Register (Part 1): 12 Dividend Stocks To Consider Cashing In [View article]
    Thanks for your post DVK! In that I'm a relative DGI novice, pretty much everything causes me anxiety :-). I only started getting serious about DGI back in 2011.

    I think that part of it is that my inexperience hasn't allowed me to build an ironclad business plan or investment philosophy. I am committed to DGI and fully embrace the overall concept. It's the finer details that I'm still working on. My response to a rapid and sizable capital gain is still a work in progress. I'll get there though.
    Nov 7, 2013. 12:53 PM | 2 Likes Like |Link to Comment
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