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rogerlig

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  • Is Altria Still A 'Buy' For Income-Seeking Investors? [View article]
    The 85% may be high. But let's keep in mind that PM said that they'll pay over 100% if necessary. By that standard, 85% doesn't sound too bad.

    Since the dividend is all these declining firms have (to be honest), I don't think they'll risk jeopardizing the only thing they have going for them.
    Mar 26, 2015. 09:07 AM | Likes Like |Link to Comment
  • Is Altria Still A 'Buy' For Income-Seeking Investors? [View article]
    I'm a little confused by the logic of even entertaining the idea of buying a declining industry stock, with a too-high P/E, and a too-low dividend yield.

    I think this one has done its thing. Now would be a better time to exit and seek greener pastures elsewhere, outside this space entirely. Not the time to initiate a new position, for sure. Overpriced, if anything.
    Mar 24, 2015. 01:48 PM | 4 Likes Like |Link to Comment
  • If You Are Holding AT&T Just For The Dividend, Sell Now [View article]
    The tax treatment depends on the preferred. If it has a fixed, stated call date, then it's interest (to the IRS), rather than a dividend.

    If it's 'really' a preferred (no fixed call date), that would be favorably treated dividend income.

    Even the brokerage firms get this one wrong, and issue 'revised' 1099s (after you've already filed) :-)
    Mar 24, 2015. 10:07 AM | Likes Like |Link to Comment
  • Alcoa And Thoughts About Chinese Aluminum [View article]
    AA's fundamentals are underwhelming, at the current price. Still, so many seem to like the stock that I decided to revisit it.

    Did anyone else notice an almost perfect head and shoulders pattern over the past year? I don't trade by charts, but a lot of other people do. This may be why AAs having so much trouble this year.

    I think I'll look for an entry point below 10. If that doesn't happen, I'll try KALU instead (no upstream problems, in that one, but all the downstream benefits).

    Full disclosure: I've worked for both AA, and KALU. The industry is a bear.
    Mar 24, 2015. 09:45 AM | 1 Like Like |Link to Comment
  • AT&T - I Just Bought More Stock [View article]
    MO is in a declining industry. If you can, consider returning to T, then selling out-of-the money calls. Heck, do that even with MO.

    Nothing is quite as much fun as watching those calls expire, worthless to the buyer.
    Mar 22, 2015. 03:08 PM | 2 Likes Like |Link to Comment
  • AT&T - I Just Bought More Stock [View article]
    You need to be writing out-of-the money calls against a position of that size. You can almost double your cash flow. Just sit and watch the options expire, worthless to the buyer. In 20 years, you'd have 10,000 more, pretty much free.
    Mar 22, 2015. 03:05 PM | 5 Likes Like |Link to Comment
  • AT&T - I Just Bought More Stock [View article]
    Buy the stock, sell out-of-the-money calls against it, and raise your 'yield' to over 7%. The low-growth potential actually works in your favor. And if you're called, you've gained that way, too. Unless T cuts the dividend (unlikely), it's really hard to see much downside.
    Mar 22, 2015. 10:17 AM | 6 Likes Like |Link to Comment
  • Alcoa And Thoughts About Chinese Aluminum [View article]
    China produces aluminum for social, rather than economic purposes. They'll produce to maintain employment, regardless of price. And they have many times the capacity as does AA. Any profit will come from fabrication, rather than smelting and refining. AA's trying, but it's like trying to turn a ship around. AAs turnaround will take longer than most are willing to wait. This is a 'sell'.
    Mar 20, 2015. 03:44 PM | 1 Like Like |Link to Comment
  • Unusual Opportunities In Alcoa [View article]
    When conventional analysis and principles fail, I guess you can dig deep enough into more esoteric calculations to put lipstick on this pig (AA). It's a low growth stock in a mature industry. It has pretty much no dividend at all. So, take a 'longer term' view to support a buy? This dog just won't hunt.
    Mar 15, 2015. 06:47 AM | Likes Like |Link to Comment
  • AT&T And 'Losing' To Inflation [View article]
    I´ll take 5.5% now, with a 2% increase per-year. Sure beats most other ´income´ stocks. I guess if you´re 21, 2% now with a 10% increase per year might sound good, if your horizon is, like, twenty or thirty years. Bird in the hand, and all.
    Dec 25, 2014. 05:02 PM | 26 Likes Like |Link to Comment
  • If You Are Holding AT&T Just For The Dividend, Sell Now [View article]
    An aside: What can possibly be keeping Herbalife viable, or even trading? I see nothing but an MLM play here. Hardly what we'd expect from the NYSE, to continue listing. I'm baffled by this stock.
    Nov 2, 2014. 04:54 PM | Likes Like |Link to Comment
  • The World Health Organization calls for tighter regs on e-cigarettes [View news story]
    I think the goal is to reduce tobacco caused disease. E-cigs have no tobacco, and so no tobacco by-products (tars). You'd think we'd want to *encourage* e-cigs.
    Aug 26, 2014. 03:16 PM | 2 Likes Like |Link to Comment
  • Alcoa Still Has Some Heavy Lifting To Do With Its Lightweight Aluminum Business [View article]
    I'm a bit confused by AA's valuation. Let's say they earn even more, maybe $0.20 per share, $0.80 per year.

    Even at that earnings rate, with little prospect of real growth, how can a multiple of more than, say, 10 be justified?

    I like, and buy AA when it's in single digits. Just looks like, at $15, there a little unwarranted exuberance going on here.
    Jul 9, 2014. 09:18 AM | Likes Like |Link to Comment
  • Alcoa Still Has Some Heavy Lifting To Do With Its Lightweight Aluminum Business [View article]
    I've been a follower of aluminum for years, and I have to agree, downstream isn't where we want to be.

    Take note of Kaiser Aluminum (KALU). It exited primary aluminum some years ago, and since has been concentrating on finished goods and engineered products.

    AA may be too big to be as nimble as KALU, but I think the direction makes a lot of sense.
    Jul 8, 2014. 04:15 PM | 1 Like Like |Link to Comment
  • Apple cut to Sell at Standpoint over moral reasons [View news story]
    This is the same analyst who wants us to sell PM for 'moral' reasons (his grandfather dies of lung cancer). Let's hope none of his relatives are hit by cars, or he'll have us shorting GM, too.

    Just nuts.
    Jan 6, 2014. 08:15 AM | 7 Likes Like |Link to Comment
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