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Exquisite Decay

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  • Why Anheuser-Busch InBev Needs To Acquire SABMiller [View article]
    You mean they won't top off their (s)mug with the latest prune and wheatgrass infused beer?

    Sorry about that. I was at a party last week and there were two millennials who were just condescending about those who were drinking the beer because it was not some micro-brew with an annual production of two bottles or some such ridiculously small amount. Sorry guys, but the purpose of drinking isn’t to get uptight about it – it’s too enjoy life. Salut!
    Oct 7, 2015. 04:19 PM | Likes Like |Link to Comment
  • SABMiller formally rejects Anheuser-Busch InBev [View news story]
    Why do you find it hard to believe that it will pass US Regulators? Like good trial attorneys who do not ask a question unless they already know the answer, the AB InBev people knew that they were going to have to divest of certain brands before they even made preliminary overtures.
    Oct 7, 2015. 03:29 PM | Likes Like |Link to Comment
  • Bloomberg: SABMiller shoots down AB InBev offer [View news story]
    Don't you think they are looking into what divestitures need to be done so the deal goes through? Plus, there is how this deal will be structured. MO has several seats on SABMiller's Board so if there is to be a friendly takeover it will most likely be a deal that MO can live with.
    This deal has never been just about negotiating a price.
    Oct 6, 2015. 10:33 AM | Likes Like |Link to Comment
  • Strong Dividends, Strong FFO Growth, Mediocre Revenue Growth: The Story Of Realty Income [View article]
    I went to its website and confirmed that around 20% to 39% of the dividends were considered return of capital for the past five years, depending on the year. Given that info it may not be best to hold in a traditional (tax deductible) IRA, especially if one is taking distributions from that IRA. This is because 100% of the dividend will be taxed as ordinary income upon distribution. The return of capital portion, which would not have been considered taxable income if it had been held in a fully taxable account, is now treated as ordinary taxable income. Your taking some otherwise non-taxable amount and making it taxable income; not the thing you want to do.

    Of course, none of the distribution is taxable income if it is held in a Roth IRA.
    Oct 5, 2015. 09:00 PM | 4 Likes Like |Link to Comment
  • Sam Adams Is No Benedict Arnold [View instapost]
    DGMo1 wrote 'From my understanding the most popular have been Canada, Ireland, and the UK.

    Is the value of the founding fathers you are referring to simply taxes or is there some other value which these countries uphold better?'

    Sadly, as a citizen of the US it pains me to say that both Freedom House and Reporters Without Borders each rank Canada, Ireland, and the UK higher in press freedom than the US. Freedom of the press would be something that Sam Adams would have also highly cherished.
    Oct 5, 2015. 07:21 PM | 1 Like Like |Link to Comment
  • Activist takes aim at New Senior [View news story]
    I notice that Leon Cooperman through his Omega Advisors and family members owns 10% and 8% respectively of New Media and New Senior. Per recent SEC filings Cooperman bought more NEWM at the end of August. I do not know how much, if at all, Mr. Cooperman is an activist but combined with Mr. Levin they could put some real pressure on these companies.
    Sep 30, 2015. 01:40 PM | 1 Like Like |Link to Comment
  • Dividend cuts likely ahead at big oil companies, analyst says [View news story]
    'If cars ran on kool aid the only companies with the capability of distributing it all over the world would be the major oil companies. '
    Have to disagree - KO and it bottlers could easily do that as they do now.
    Sep 29, 2015. 01:20 PM | 4 Likes Like |Link to Comment
  • Cummins downgraded to Hold from Buy at BB&T [View news story]
    ‘…2016 estimate goes to $10.35 vs. the $10.77 consensus,…’ Based on today’s price, either number gets you a forward PE close to 10. Unless you think the earnings are going to fall off a cliff, this is looking enticing. Current dividend yield of 3.6% with a lowish payout ratio, cash per share of around $10, debt easily serviced by cash flow from operations, ROE around 22%. Hard to believe that BOD does not think intrinsic value of company is not higher than current market price so will keep buying back shares seeing it as a good use of some of its cash.
    Sep 28, 2015. 02:20 PM | 7 Likes Like |Link to Comment
  • Your Need-To-Know Guide To Latin America's Top 50 Brands [View article]
    No. 18 Bimbo (baked goods); I chuckle when I see its products. It is quite ubiquitous in Walmart and other grocery stores here in California that cater to the Hispanic population. Some day I guess I should get some bimbo.

    Thank you for the article.
    Sep 27, 2015. 07:04 PM | 1 Like Like |Link to Comment
  • It's Always Something, So Dividend Growth Investors Best Be Prepared [View article]
    Take a deep breath. Let’s not confuse lecturing with debating. Statements like ‘If you don't care about ethics or starving humans though,…’ indicate that the debate is already over in your mind. You have already ascribed corrupt and nefarious ambitions to those who disagree with you. Decent humans could disagree with your positions.

    I agree with some of what you write. I disagree with other parts.

    When you write, ‘By causing economic contraction across the emerging world, Yellen and the Fed are causing hundreds of millions of people in the global lower class to fall back into abject poverty. The outcomes are grave.’ and ‘It's easy, as members of the global elite, to forget about the real human effects of horrific economic policy.’, you leave out the horrendous culpability of the governments in many of these emerging markets. The ‘horrific economic polic[ies]’ in such places as Zimbabwe, Venezuela, North Korea, Kyrgyzstan are rooted in far more than US (whether Fed, Military or Foreign) policy. Their problems will not be solved even if Yellen or her successors change course. Consider, earlier in the 20th century, Argentina was one of the most prosperous countries; it has been an economic basket case for decades. That was not the result of the US Federal Reserve; but of Argentina's bad policies over the years.

    Or take Equatorial Guinea, a tiny oil rich nation on the west coast of Africa. Last I read it has the twentieth highest GDP per capita in the world yet ranks near the bottom of all countries in the world in terms of economic development. It could be the Singapore or Hong Kong of Africa, but it is not. It could set up a sovereign wealth fund similar to Norway’s and use that to the benefit of all of its citizens, but that seems unlikely. Why because its government is corrupt. If we are waiting for Yellen and the Fed to change its tune so that the aforementioned counties and their respective citizens can get out of poverty and suffering then we are waiting for Godot.

    PS: Referring back to my first paragraph. If you have the time you may want to read Jonathan Haidt’s book The Righteous Mind: Why Good People are Divided by Politics and Religion.
    Sep 26, 2015. 12:36 PM | 5 Likes Like |Link to Comment
  • It's Always Something, So Dividend Growth Investors Best Be Prepared [View article]
    'The real eye-opener for me was when Dave Fish says his $105 limit order for AAPL was not just filled but was filled for $95!!!

    Wow! that is impressive. Similar thing happened to me on Aug 24 though the price differential was nowhere near as big; my PG order was filled 4 cents below my limit order. The best one for me was back on Aug 6, 2014 when Walgreens announced it was buying the rest of Boots Alliance. I had a long standing limit order for 200 shares at $59.11; stock plunged at the opening on the news and my full order was filled at $58.33.
    Sep 25, 2015. 06:00 PM | 1 Like Like |Link to Comment
  • Anheuser-Busch InBev buys California craft brewer [View news story]
    'What will happen to Miller Coors??'
    Miller Coors is a joint venture between Molson Coors(TAP) and SABMiller. News yesterday stated that MillerCoors already has financing lined up for a MillerCoors joint venture buyout. Does not mean that is what will happen but it is the most likely scenario.
    Sep 24, 2015. 10:43 PM | Likes Like |Link to Comment
  • Why We're Changing Our Tune On Procter & Gamble [View article]
    'The company isn't scheduled to pay its next dividend until mid to late October.'

    If PG follows its historical pattern the next dividend payment will be November 16(would have been the 15th but that is a Sunday).
    Sep 23, 2015. 04:14 PM | Likes Like |Link to Comment
  • Small Dividend Increases From Big Companies This Year [View article]
    Regarding DE you write, 'I can't recall the exact reason why there was no increase this year,...' A big reason is that DE's earnings are down significantly this year. DE does not consistently raise its dividend every 12 months; rather, it raises its dividend about every 18 to 21 months.
    Sep 22, 2015. 12:30 AM | 1 Like Like |Link to Comment
  • Seeking Japanese Net-Nets As Deep Value Investment Opportunities [View article]
    Those are Buffett's thoughts from 1998, correct? That is 17 years ago. What are his current thoughts on investing in Japan/Japanese companies?
    Sep 20, 2015. 01:43 PM | 1 Like Like |Link to Comment