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SteveTheHawk

SteveTheHawk
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  • 3M: Three Things To Monitor [View article]
    scruffy,

    I'm not an expert, but I'll throw my two cents in anyway. You seem to be engaging in "price anchoring" when you concern yourself with the $87 cost basis on MMM. Note that if the stock split 2 for 1, your cost basis would drop to $43.50 and the current price would drop to about $79, and your quandary would still exist.

    Just my opinion, but your current low cost basis means nothing except to show that you have done well with the stock (nice work). The real question has to do with current value compared to value/div income going forward, without regard to what you paid for it way back when.

    I am in the same situation with JNJ. My cost basis is $60. I ignore that and only concern myself with current price/div income going forward. What I paid for it back then has little to do with current day. I wish you great success. Good to see you engaging with others on SA.

    Steve
    Jul 16, 2015. 10:05 AM | 1 Like Like |Link to Comment
  • 3M: Three Things To Monitor [View article]
    scruffy,

    Again, why is a split necessary? If you invest $1,000, you get a $1,000 worth of stock. You might buy 8 shares today, or 16 tomorrow if it split, but it's still a $1,000 and the dividend income would not change either way. Just trying to understand why you want the stock to split.
    Jul 15, 2015. 09:30 AM | 2 Likes Like |Link to Comment
  • 3M: Three Things To Monitor [View article]
    scruffy,

    I'm curious why you feel a split is necessary. You invest the same amount of cash either way.

    Steve
    Jul 15, 2015. 09:26 AM | 3 Likes Like |Link to Comment
  • The Restaurant Business Is Too Competitive: Buy The Supplier Instead [View article]
    SYY is not a horrible company, but I just can't muster much enthusiasm for the stock. High payout ratio. Dividend growth rate of less than 4%. High P/E considering the revenue and earnings growth (or lack thereof). It just doesn't seem overly attractive to me at the current price.

    I owned it for two years at $26 but wasn't too thrilled with the div growth. At the end of 2013, it spiked to $42 for a couple hours so I sold. If it drops into the 20's again, I would take another look.
    Jul 15, 2015. 08:35 AM | 4 Likes Like |Link to Comment
  • 3M: Three Things To Monitor [View article]
    Sleuth,

    Excellent article on MMM. Very informative. I started trying to figure out DGI in 2011. By the time I realized that MMM belonged in my portfolio, the price seemed far too high. Of course, now it's even higher.

    I agree that MMM would be an excellent buy at a 3% yield. It seems that level can't be reached without recession though. I've chosen to take an initial position around $150 (if that happens). With the payout ratio being what it is, I can't bring myself to pay any more than that.

    Steve
    Jul 14, 2015. 09:15 PM | 4 Likes Like |Link to Comment
  • Shareholder Distributions Appear Unsustainable [View article]
    B&H,
    Interesting. I don't believe I've ever once received an actual dividend check. It's always just gone into my account. So, do you get to deduct mileage as an investment expense because you keep driving to the bank? :-)
    Jul 13, 2015. 10:44 PM | 8 Likes Like |Link to Comment
  • So, You'll Switch To Dividend Growth Investing After You Have Your Millions, Eh? [View article]
    RAS,

    "Steve, have you tried Niman Ranch bacon?"

    Never heard of them. I did check their website and believe it or not, they seem to be out of bacon. I'll check back in later on and peruse their offerings.

    Steve
    Jul 12, 2015. 12:40 PM | 1 Like Like |Link to Comment
  • Top 10 Utilities For Dividend Growth And Income [View article]
    Barbara,

    I can't hold a candle to Chowder's level of experience, but I would go along with every word in his reply. I'm not saying they are all buys right now, but they are definitely worthy of core holding status.

    Steve
    Jul 11, 2015. 06:29 PM | 3 Likes Like |Link to Comment
  • National Oilwell Varco Hits 52-Week Low And Could Fall Further [View article]
    Green,

    Oh yeah, definitely agree that it's a great company over the long haul. I'm just concerned that it will get spanked so badly that they will have to cut the dividend. I don't need that in that I already have a large exposure to oil. Depending on earnings reports, I may start with a very small purchase. At some point, drilling will start to increase (no clue when) and NOV will be there to reap the rewards. Until then, I'm trying to be cautious.

    Steve
    Jul 11, 2015. 01:48 PM | 2 Likes Like |Link to Comment
  • 7 Preferred Issues Trading With 6%+ Yields [View article]
    Waldipup,

    Is it correct for me to assume that you would hold these shares in a taxable account? I'm just beginning to look at preferred issues for our Roth and/or TIRA accounts, and guessing that "qualified" doesn't come into play for me. Would that be correct far as you know?

    Not trying to be grammar police... purely curiosity... what is "pissent"? I assume it's another form of "percent"? I've noticed it being used here and there, but it's new to me. Perhaps from a non-English language? Thanks.

    Steve
    Jul 11, 2015. 10:47 AM | Likes Like |Link to Comment
  • National Oilwell Varco Hits 52-Week Low And Could Fall Further [View article]
    Shock,
    Just tonight I was reading about the Petrobas order. Made me even more concerned. Good suggestion on waiting for the earnings report. Thanks.

    Steve
    Jul 10, 2015. 11:30 PM | 1 Like Like |Link to Comment
  • National Oilwell Varco Hits 52-Week Low And Could Fall Further [View article]
    I'm not exactly well versed on NOV, other than to know it's one of the best at what it does. I've never had an interest in it because of the incredibly low yield (1% and lower in recent years).

    I still don't own any, but now that it's above 4%, it's almost making me nervous to think about buying it. That's a heck of a yield increase. Back when it dropped down to $48 in March, I put in a small limit order just under $42....just for giggles. I was fairly confident it would never get there. Now I'm wondering.

    I can't help but wonder if the dividend is safe, especially if the oil crash carries on for longer than everyone expects. If the dividend is safe, then yes.... I agree that the value is certainly there.

    Steve
    Jul 10, 2015. 08:08 PM | Likes Like |Link to Comment
  • Microsoft: A $7.6 Billion Write-Off Plus Layoffs Are Never Good Signs [View article]
    I must say that the Surface Pro is a lovely, lovely device. I haven't owned one but I set one up for a relative. I liked it a lot, and my relative loves it. I still have to decide if I can justify the rather lofty price tag, but there is no doubt that I want one. Like you, I'm waiting for WIN 10 to go mainstream before I decide.

    Steve
    Jul 10, 2015. 04:41 PM | Likes Like |Link to Comment
  • So, You'll Switch To Dividend Growth Investing After You Have Your Millions, Eh? [View article]
    RAS,

    "There is no life without chocolate."... and bbq ribs and tacos. Oh yeah... and bacon (thick sliced of course).
    Jul 10, 2015. 04:36 PM | 7 Likes Like |Link to Comment
  • So, You'll Switch To Dividend Growth Investing After You Have Your Millions, Eh? [View article]
    Ok. I was good with omnipresent, but had to look up "omniscient" Nope, that's not me. I'm afraid I will never be omniscient. Sounds cool though.
    Jul 9, 2015. 07:33 PM | 2 Likes Like |Link to Comment
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