Seeking Alpha

SteveTheHawk

SteveTheHawk
Send Message
View as an RSS Feed
View SteveTheHawk's Comments BY TICKER:
AAPL, ABBV, ABT, AEO, AEP, AMJ, AMZN, ARLP, BAC, BKCC, BKE, BOND, BRK.B, CL, COP, COST, CSCO, CVX, DLR, DTN, DUK, DVY, ED, EXC, FTR, GD, GE, GIS, GPC, GS, HAS, HGIC, IBM, INTC, JNJ, K, KEY, KKR, KMB, KO, KONA, LMT, MCD, MKC, MMM, MSFT, O, PEP, PG, PM, SCTY, SDY, SO, SON, SYY, T, TGT, THI, TWC, UL, VTR, VZ, WAG, WEC, WFC, WM, WMT, XOM, XRT, YUM
Latest  |  Highest rated
  • Dividend Growth Investing: The Perfect Portfolio Moving Forward (Part 1) [View article]
    Thanks, Dave. I found the Kiplinger link on Google a bit ago, but it doesn't work. For the last couple days, it just says the page is unavailable and/or under construction. Guess I'll just keep trying.

    Yeah, I'm not much of a big city guy and I don't like crowds, but my wife and I definitely like city amenities (good hospitals, libraries, entertainment, etc). A slower pace suits my style, so I'll add Pensacola to the list of possibilities.

    Steve
    May 28, 2015. 03:30 PM | 1 Like Like |Link to Comment
  • Dividend Growth Investing: The Perfect Portfolio Moving Forward (Part 1) [View article]
    Dave,

    Love the article. Very easy read and down to earth. Rather inspiring as well. I'm looking forward to the next one. And, in that you mention state taxes....

    What do you think in regards to Mississippi versus Florida in general terms? Weather, health care, etc. I'm giving serious thought to getting out of Michigan at some point since they started taxing our pensions as regular income.

    We don't have any taxable dividends. It's all in Roth and TIRA accounts, so Mississippi wouldn't be a problem (I don't think). Thanks.

    Steve
    May 28, 2015. 03:06 PM | 1 Like Like |Link to Comment
  • Dividend Growth Investing And Caution At Times Of Elevated Price Risk [View article]
    Bob,

    My opinion is worth about what you pay for it, but I view EMR as being slightly above fair value if earnings estimates are accurate. I made buys not long ago in the $55-$57 range, which is more in my comfort range. It's a cyclical and per FAST Graph, estimated earnings growth is only 2.4%. Since it's now almost a full (supporting) position for me, I'm going to wait for a better price.

    On the other hand, current yield is just above 3%....on the higher side for this stock. You also can't find many DG stocks that are more dependable than EMR, though the dividend growth rate can be quite variable. It's a quality company, no doubt. No way to know for sure, but I'm guessing div growth to be somewhere in the mid single digits for now. Your thoughts? Does that work for you?

    Steve
    May 26, 2015. 09:56 PM | Likes Like |Link to Comment
  • Johnson & Johnson And A 'Forever' Lower Share Price [View article]
    Thanks for the suggestion, Michael. I'm not versed on options, so I won't touch them. I am contemplating their possible use in the future, though on a very limited basis. My first step needs to be studying the ins and outs. That will take me a while. If I don't feel like I understand what I'm doing, I have to stay away from it.

    Steve
    May 22, 2015. 08:24 PM | 1 Like Like |Link to Comment
  • A Simple Reason Why AT&T Is The Most Exposed To T-Mobile Competition [View article]
    Yes, they could go to TMUS, but I'm not sure that everyone would. In metro areas, TMUS is fine. However, in big parts of the country, leaving the city means zero signal with TMUS. In my specific locale there is a spot outside the city that is 20 miles wide with no signal from TMUS, while ATT and VZ work fine. (I gather this info from coverage maps, info from friends with TMUS, and my personal use of Verizon.)

    I guess it will depend on the person and their priorities, but I personally won't even think of using TMUS because of the dead spots in the areas I frequent. What I don't know is how many people are adequately covered by TMUS towers so as to make switching less painful. I guess that's the $64 question (or $6,400 after inflation).
    May 22, 2015. 02:46 PM | 17 Likes Like |Link to Comment
  • Lessons Learned From The Grand Canyon [View article]
    Loved the article, Dave. And I agree.... it's hard to imagine the spectacle that is the Grand Canyon without seeing it in person. Truly a magnificent place.
    May 22, 2015. 11:05 AM | 2 Likes Like |Link to Comment
  • One Very Solid Dividend Growth Investment: Schwab U.S. Dividend Equity ETF [View article]
    DJ,

    Can't blame you there. The lack of trading costs is a plus and you get some return on your money. Yeah... interest from cash accounts is pathetic. I don't use Schwab so I don't get the same deal unfortunately.

    I did move a little money into a commission free Ginnie Mae fund at Fidelity. Much better return, but I'm not overly confident as to the risk involved if rates jump, so I kept it small. Just trying to spread the allocation a little. We'll see how that plays out.

    Steve
    May 21, 2015. 01:04 PM | Likes Like |Link to Comment
  • One Very Solid Dividend Growth Investment: Schwab U.S. Dividend Equity ETF [View article]
    Colorado,

    I definitely get your point. The expense ratio is admirable, no doubt. I also would not look down on anyone who chose to invest heavily in SCHD. My only thought here is that by cherry-picking the stocks, one could do a little better on yield. As a side item, I also consider that most div stocks are purchased with the idea that they will be held for years, without incurring any annual expenses.

    As to yield.... If I look at my div portfolio (and I'm no investing whiz), I hold many of the same stocks as SCHD but my overall current yield is about 3.75%. That's a full point above SCHD. Over the years, that can make a fair difference. I just figure that if I can eke out a few extra bucks, so much the better.

    The day will come that I don't want to watch over a portfolio anymore. When that happens, you can bet that SCHD will be on the list as an alternative.

    Steve
    May 21, 2015. 12:56 PM | 4 Likes Like |Link to Comment
  • One Very Solid Dividend Growth Investment: Schwab U.S. Dividend Equity ETF [View article]
    Dale,

    I see your point. I guess the good thing about skimming is that it allows you to avoid the index as a whole and hold only what you view as the best of the group. Each holding in the group will also no doubt present itself at a better value at different times, allowing you to buy at a little higher yield, etc. On the downside, it requires making a determination as to what a "value" price is.

    It seems that if one is reasonably prudent in stock selection, skimming would be more profitable. If you don't want to deal with analyzing a stock, it seems like SCHD would be a reasonable second choice.
    May 21, 2015. 08:36 AM | 3 Likes Like |Link to Comment
  • One Very Solid Dividend Growth Investment: Schwab U.S. Dividend Equity ETF [View article]
    The top 10 in SCHD (see list below) reads pretty much like a who's who of DG investing, and accounts for a large chunk of SCHD. Last I looked, the yield was about 2.7%. That's not horrible by any means.

    I wonder though why one could not choose to skim the creme off the top and just buy the underlying stocks. I suspect that more dividend income would be the result. Perhaps if a person had zero interest in holding stocks, SCHD would be an excellent choice, but just picking these ten stocks doesn't seem like it would be a bad move. I own six of them myself and am looking to acquire a couple more beyond that. Thoughts? Counter-points?

    SCHD Top 10 (42.29% of total holdings)
    Microsoft Corp 4.93%
    Johnson & Johnson 4.59%
    Verizon Communications Inc 4.52%
    Exxon Mobil Corp 4.50%
    Pfizer Inc 4.42%
    Chevron Corp 4.37%
    Procter & Gamble Co 4.32%
    Coca-Cola Co 3.59%
    Intel Corp 3.53%
    International Business Machines Corp 3.52%
    May 20, 2015. 11:20 PM | 4 Likes Like |Link to Comment
  • Bank Of America Corp: Has The Turnaround Finally Come? [View article]
    I have no idea if/when BAC will turn around. I sold at about $40 forever ago and haven't looked at it seriously since. I'm a DGI type, meaning BAC doesn't make it past step 1. I like to keep up on it in hopes of seeing actual progress, but it just isn't there.

    What I do know is that if I had a dollar for every BAC turnaround article I've seen over the last few years, my rate of return would be superior to owning BAC stock. Kind of sad.
    May 20, 2015. 02:56 PM | 5 Likes Like |Link to Comment
  • Wal-Mart Faces The Long-Lasting Fallout Of The Great Recession [View article]
    It might be an acceptable income stock if 2.5% could be called acceptable. WMT has lost its dividend growth status though. It's not going out of business, but I think many DG types will move away from the stock when they find a more profitable candidate.
    May 20, 2015. 12:11 PM | 2 Likes Like |Link to Comment
  • Crossing $55,000 In Market Value And $2,000 In Dividend Income [View article]
    Nothing like progress. Love seeing the snowball getting larger. Keep up the good work.
    May 20, 2015. 08:20 AM | 1 Like Like |Link to Comment
  • Johnson & Johnson And A 'Forever' Lower Share Price [View article]
    TF,
    Makes sense. Investing expert I'm not, but prices seem high to me as well. The really annoying part is that my rollover IRA is still 61% cash, and overall our portfolios are 34% cash.

    I would very much like to put some of that to work but the going is slow. Making buys where I can, having to be content when I find a reasonable value. Bargains just don't seem to be there. Basically, I'm in hold mode with the occasional small buy being made. I find being patient to be an annoying activity.

    Steve
    May 19, 2015. 07:39 PM | 6 Likes Like |Link to Comment
  • Illustrating Johnson & Johnson's Fair Value [View article]
    After holding JNJ for quite a few years, I decided to make a small purchase at $100.25 and bring it up to a full position. I'm good with this stock for now. If it hits $96, I'll give serious thought to adding a little more.
    May 18, 2015. 11:19 AM | 2 Likes Like |Link to Comment
COMMENTS STATS
1,788 Comments
4,031 Likes