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SteveTheHawk

SteveTheHawk
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  • Johnson & Johnson: Steadily Making Its Owners Richer [View article]
    ferjen and Steve,

    Yes... ferjen does indeed have a point. I actually had a small buy in mind at $98, because of the upcoming dividend raise. Apparently I wasn't paying enough attention because I never saw it at that price. Guess I better set some email alerts up for JNJ if I'm serious about buying more. Getting another chance would be a good thing,

    And yes, I still can buy before the next dividend. The ex date is sometime in May. Hopefully we'll catch a price drop sometime soon.

    Steve
    Apr 12, 2015. 07:58 PM | 3 Likes Like |Link to Comment
  • Johnson & Johnson: Steadily Making Its Owners Richer [View article]
    DA,
    JNJ is almost 7% of NAV for me. So, it's a decent size already. I don't mind a company like JNJ having a lot of weight, because it's so dependable. With JNJ, I really want 3% if possible.... but I was considering a buy at $98 because of the upcoming dividend increase, whatever that may be.

    In the comment below, ferjen states that I could have had it at that price last week. I never saw it, or I may have grabbed some more. Ah well... I shall continue to wait a bit longer.
    Apr 12, 2015. 07:53 PM | 2 Likes Like |Link to Comment
  • Johnson & Johnson: Steadily Making Its Owners Richer [View article]
    Buffalo,

    I'm hoping that's true. I would add a little at $98. I continue to wait.

    Steve
    Apr 12, 2015. 02:44 PM | 1 Like Like |Link to Comment
  • Johnson & Johnson: Steadily Making Its Owners Richer [View article]
    JNJ is no doubt a powerhouse when it comes to dividends. I have a decent chunk of it and it gives my wallet that warm and fuzzy feeling. I very much want to add more, but I can't get past my desire for a 3% current yield with this stock.

    One wonders if that will ever happen without a rise in interest rates. The bond refugees have kept the price high. I may have to settle for a minor correction and a 2.9% yield.
    Apr 12, 2015. 02:42 PM | 4 Likes Like |Link to Comment
  • Mr. Valuation Says Digital Realty Is A Right REIT At A Right Time For Your Retirement Portfolio [View article]
    Hilarious article.... and sadly true. I must admit though to using the phrase "cautiously optimistic" after buying a stock. It meant that I bought some but wasn't going all in just yet. Of course, it also meant that I was hoping it was a wise decision to buy at all :-). From that perspective, I suppose I was also implying that it was a "show me" stock.

    Steve
    Apr 12, 2015. 01:40 PM | 1 Like Like |Link to Comment
  • Procter & Gamble: Dividend Increase Coming, Here's What To Expect [View article]
    I was hoping for 5%, but I'm not holding my breath, even for that. Considering the issues they are dealing with, we'll be fortunate to break into the high single digits.
    Apr 10, 2015. 12:50 PM | 4 Likes Like |Link to Comment
  • Did Lumber Liquidators Know It Was Selling Toxic Laminate? [View article]
    LL says there is no problem with any of their flooring (of course), and I'm not positive that there is.

    If you search through some of these web pages, there is a focus on defective wood, cracking, splitting and/or install issues. But, here and there, they mention Morning Star bamboo and talk about excessive formaldehyde.

    I can't find a direct allegation that the bamboo I bought contains dangerous chemicals but I know that bamboo flooring is made with adhesives, just like laminate is. So, I'm left to wonder if it's the same adhesive, etc.

    I just received a communication from someone who is in the flooring business (but not with LL). They advise that they are aware of some of the testing done and they feel the solid bamboo is not an issue and that the laminate flooring is likely the bad actor here. Apparently, LL switched to a water based adhesive for the flooring that I bought and testing revealed no elevated formaldehyde. So, I don't know. Guess I need to reconsider whether or not I can proceed with the install.
    Apr 9, 2015. 09:49 PM | 1 Like Like |Link to Comment
  • Did Lumber Liquidators Know It Was Selling Toxic Laminate? [View article]
    Hi Rip,
    Here's some links. Don't know how useful/accurate they are, but I have to now wonder.

    http://bit.ly/1BBdNfA

    This link below mentions that strand bamboo (which I think mine is) uses "phenolic resins" that "may or may not contain formaldehyde". Again, don't know what to think.

    The next link says it's not clear if "Morning Star bamboo" (the brand that they sold me) has the formaldehyde problem.

    http://bit.ly/1CAC7yx

    Here's another. Nothing concrete, but again... enough to make me wonder.

    http://bit.ly/1CAC8T6
    Apr 9, 2015. 09:10 PM | Likes Like |Link to Comment
  • Did Lumber Liquidators Know It Was Selling Toxic Laminate? [View article]
    Chemist,
    I haven't bought completely into anything yet. I'm simply uncertain as to whether to just landfill the whole pile or go ahead and install it. I'm not making a decision based on the article. But, the number of articles here and elsewhere on the web has got me wondering if I even want this stuff in my house. No final decisions yet though.
    Apr 9, 2015. 08:27 PM | Likes Like |Link to Comment
  • Tough day for income favorites [View news story]
    Brodidliy1,

    Looking at FAST Graphs, the recent DGR for HCN and HCP seems similar. VTR's rate is respectably higher than the others though.

    I do have some concern for HCP's diversification compared to the other two, but not enough to sell it. HCP does tend to depend on fewer tenants I think. This can be a problem, but they seem to be handling it fairly well. I current own HCP and VTR (about 3% and 1.5% weight respectively). Never bought HCN, though a lot of DG types seem fond of it.

    For the current environment and in thinking about adding, I'm favoring HCP. It's much closer to fair value than the other two and has a longer history of div increases. HCP also has a better current yield. If I add to my REIT holdings in the near future I'll be bumping up HCP a little. As to the other two, I'm trying to be patient.

    Steve
    Apr 9, 2015. 06:00 PM | Likes Like |Link to Comment
  • Tough day for income favorites [View news story]
    No doubt. Mostly still overpriced. HCP is getting close to my buy range though.
    Apr 9, 2015. 03:55 PM | 2 Likes Like |Link to Comment
  • ConocoPhillips: Flexing Its Business Model And Reaffirming The Dividend [View article]
    Rose,

    I agree that COP has a nice dividend history, and I have nothing bad to say about them. If I can get my portfolio allocation leveled off, I may very well own the stock again. As it stands, I have to give priority to a reasonable allocation level, so I sold what I viewed to be the least desirable of the three.

    For sure, it goes against my nature to sell a 4%+ dividend, but it had to be done.
    Apr 9, 2015. 03:12 PM | Likes Like |Link to Comment
  • ConocoPhillips: Flexing Its Business Model And Reaffirming The Dividend [View article]
    That is true.... it's not binding. I can think of a couple stocks in my investing past that offered assurances as to the dividend. Within six months, the div was cut severely. I now take those assurances with a grain of salt.

    I recently had to cut back on my big oil holdings (held XOM, CVX and COP) because I foolishly let the allocation get way out of whack. I looked at the ratings from people that undoubtedly know more than I do. I ended up selling COP. The allocation still isn't great, but it's much better. If I decide to trim a little more, it will likely be CVX. Still undecided though.

    I hated to give up the dividend income, but trimming became mandatory. I even pocketed a few dollars in gains so it wasn't all bad. I can take my DW out for a nice dinner.
    Apr 9, 2015. 02:50 PM | 4 Likes Like |Link to Comment
  • Did Lumber Liquidators Know It Was Selling Toxic Laminate? [View article]
    cashewking,
    Thanks for your input. I'm not sure what to think about the safety of the particular bamboo flooring that we purchased. I don't really know what Tilson's motivation is but he's not the only one that is raising this issue. At the very least, it gives me a reason to reconsider installation of the flooring. It may be perfectly safe, but like I said, I would be really annoyed if I had to tear it out after all the effort involved in installation. Still undecided.
    Apr 9, 2015. 10:40 AM | Likes Like |Link to Comment
  • Did Lumber Liquidators Know It Was Selling Toxic Laminate? [View article]
    PRickels,
    I don't have to remove the bamboo flooring. It hasn't been installed yet. My quandary is whether or not to install it. It would be a lot of work and I would feel even more ridiculous if I had to then turn around and take it back out.
    Apr 9, 2015. 09:26 AM | Likes Like |Link to Comment
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