drcarl

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  • Altria Group's Seasonality, Projection, And Dividend Distributions Target Analysis  [View article]
    Thank you Scott for a careful and nicely developed article. FTW, Josh Peters at Morningstar predicts a 7% increase in 2016 for MO. This would place the new payment at just over $.60 per quarter. Very close, I guess to your single point estimate and well within your range. I am using $.60 in my valuation analysis, because, well, because I am an optimist and I think they will give me the extra $.005!!!!

    Thanks again
    Jan 26, 2016. 09:43 AM | 5 Likes Like |Link to Comment
  • Retirees: How Much Exposure Should You Have To Closed-End Funds?  [View article]
    FWIW, I have 8.6% of my investments in four CEFs, and these create 15.1% of my portfolio income. They are:

    ETY
    DNP
    BTZ
    FFC

    I use them to "juice" my returns, but believe me, they can be an exciting ride.

    I follow Left Banker and Doug Albo closely in this space.
    Jan 9, 2016. 08:59 AM | 2 Likes Like |Link to Comment
  • Jennifer Warren Positions For 2016: Is Energy Ready To Rebound?  [View article]
    I follow Jennifer, and the reason is readily apparent here.
    Jan 7, 2016. 08:37 AM | 10 Likes Like |Link to Comment
  • The Bond Market Calls The Tune  [View article]
    Thank you RAH. I agree wholeheartedly. The work of Reinhart and Rogoff which the author cites has been disputed (at a minimum). I cannot understand why the strongest advocates of the "rule of markets" cannot accept that the markets have decided our debt levels are NOT too high. If it were the case, interest rates would be higher.

    I will go even further: We should be borrowing today to invest in infrastructure in the the United States, not to build outrageously expensive weapons which sit idle while tended by fine men and women who could be doing equally productive work in the private sector. Then, if employed, these weapons cost billions to re-arm and re-fit. I am as strong a patriot as any member of this forum, but war is the primary cause of the debt the authors decry. Last thought: We protect the world and borrow to do it; they damn well better buy our bonds!

    And as for capitalism's claim that foreign countries are "dumping" debt, this is factually not true; or, to be more precise, their U.S. bond holdings ebb and flow as currency exchanges and local needs fluctuate. And even if they "dump" every dollar, it would rebound to their detriment as the world's strongest economy (yes, stronger than China) continues to innovate, create and carry the world forward.
    Dec 25, 2015. 08:42 AM | 2 Likes Like |Link to Comment
  • Perhaps The Third Time Is The Charm For Lexington Realty  [View article]
    Excellent article, Brad. I will hold another year. I agree with Rose, you make a clear and (for now) convincing case that the Wells downgrade was unfounded and LXP remains a "hold."
    Dec 22, 2015. 08:58 AM | Likes Like |Link to Comment
  • Down 40% - Why I Will Not Sell Kinder Morgan  [View article]
    The core problem with KMI is that the balance sheet and income statements are complex to the point that many perspectives can be supported. Mr. Smith's comments are more positive - using solid evidence. But Ron Hiram re-examines KMI's reported results and concludes the company has problems so severe he exited his positions. This was in late October:

    http://seekingalpha.co...

    I sold half my holdings after reading what Mr. Hiram wrote. I don't think he has the "final" word - no pun intended, but he deserves a re-read of his October article.
    Dec 7, 2015. 11:30 AM | Likes Like |Link to Comment
  • Forecasting Q3 GDP 2nd Estimate: Gazing Into The Crystal Ball  [View article]
    Nice article. I always look forward to your posts and read them with care.
    Nov 24, 2015. 09:00 AM | Likes Like |Link to Comment
  • Energy Transfer Hammered: What Are My Units Really Worth?  [View article]
    @left: I hope you are right, especially about the Fed hounds. But the hounds are baying for more than a rate hike. They want the Fed less independent. That is the agenda I see.
    Nov 10, 2015. 10:47 AM | 1 Like Like |Link to Comment
  • Utility CEFs Are A Diverse Group But There's Not A Buy Among Them  [View article]
    Regarding DNP: It started life as Duff and Phelps Utility Income Fund and then broadened its perspective. Nearly all its holdings are utilities, and it recently added MLPs. It has paid a monthly dividend since 1987; it has paid a flat $.065 monthly dividend since the mid-1990's without a a reduction.

    However it has a $-.3988 negative UNII, which bothers me a lot. All those years with with a steady payout, through good times and bad, and such a high UNII?

    A high negative UNII is typically a sign of impending payout reduction.

    Is the payout at risk? Thoughts anyone?
    Nov 10, 2015. 08:34 AM | Likes Like |Link to Comment
  • The Coca-Cola Company Is Priced For Near Double Digit Returns  [View article]
    Terrific analysis. I compliment your straightforward style. I am going to click "follow" after this contribution.
    Nov 8, 2015. 09:23 AM | 2 Likes Like |Link to Comment
  • It's About Time For This Dark Horse REIT To Make A Run  [View article]
    Excellent article. However, according to the NASDAQ website, LXP paid four dividends of $.17 each in 2015. Your chart shows $.69 paid in 2015.
    Nov 6, 2015. 12:17 PM | Likes Like |Link to Comment
  • A Closer Look At Kinder Morgan's Q3 Distributable Cash Flow  [View article]
    I want to echo what "rip" said in the first comment and Nigel Kelly said later: This is a terrific analysis. Great job.

    I am a nervous KMI owner and may reduce my holdings (at a significant loss). I once purchased New York Central Railroad (no, I'm not that old; I started buying in high school) and followed it from "a great dividend" right into eventual bankruptcy. Never again.
    Oct 31, 2015. 08:35 AM | 2 Likes Like |Link to Comment
  • Panic In The Pipelines?  [View article]
    Rose, I am sure you are aware that most tax software packages make easy work of a K-1. I even import EPD's and APU's K-1s right into the software. No data entry.

    If, however, you are talking about the deferred tax liability of owning partnerships, no software can solve that challenge. One of the two things that are certain is that you will be taxed on your deferred payments from MLPs if you sell! (Not your heirs, though.)
    Oct 6, 2015. 09:30 AM | 2 Likes Like |Link to Comment
  • Make A Monthly Ladder Of Dividend Income Payments With Stock Recommendations From My Portfolio  [View article]
    Almost right? I can live with that. Can I introduce you to my better half? She rarely gives me an "almost right," so I like yours. Just another reason why you seem to strike a chord here on SA.
    Sep 17, 2015. 05:34 PM | 1 Like Like |Link to Comment
  • Make A Monthly Ladder Of Dividend Income Payments With Stock Recommendations From My Portfolio  [View article]
    Hi Rose,

    Love your work; I always scan for your comments on SA articles.

    Can you help me out? You say:

    "You are entitled to the dividend if you were on record and even if you sold it after the record date."

    I believe you are entitled to the dividend even if you sold it after the EX DIVIDEND date. The ex dividend date is a few days (3) earlier. Am I wrong?
    Sep 17, 2015. 09:11 AM | Likes Like |Link to Comment
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