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drcarl

drcarl
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  • Rich Kinder Should Be Rooting For Lower Prices [View article]
    Pappajoe79 (later) has hit the nail on the head. To PendragonY, they have paid out $.45 on 2/17, $.48 on 5/15 and they plan to pay $.49 on 8/14. This is from the NASDAQ website.

    But this is calendar year, not KMI fiscal year data. I plan and spend in calendar years, KMI operates in fiscal years. Small difference. Still a great company.

    I meant my comment to simply be a nit picking point.
    Jul 19, 2015. 10:16 AM | Likes Like |Link to Comment
  • Rich Kinder Should Be Rooting For Lower Prices [View article]
    It doesn't help my case if my math is wrong, does it?

    The total payments in 2015 could be $1.93 to $1.97, not $1.96. This assumes the final payment is $.51 to $.55 in 2015.

    It would take a final (November, 2015) payment of $.58 to make $2.00 paid in 2015, which was my point.
    Jul 18, 2015. 11:16 AM | 2 Likes Like |Link to Comment
  • Rich Kinder Should Be Rooting For Lower Prices [View article]
    Eli: I am going to nit pick just a bit. KMI will probably not "pay out" $2.00 in 2015 as you state. They have paid out $.92 in 2015 and will pay out an additional $.49 on August 15, 2015. Their next payment will be in mid-November 2015 (11/17 last year) and it will probably be somewhere between $.51 and $.55. (I am planning on $.51.) This payment will bring there total payments to stockholders during 2015 to $1.93 to $1.96.

    They will announce again in early January 2016 and I expect this will bring their payout to $2.00. But the payment will come in February 2016.

    It seems very unlikely that KMI will pay out the $.58 in November 2015 that will bring their ACTUAL pay out to $2.00. If they do pay out $.58 in November, I will eat happily my crow - with a side of a very nice red which the bump up will help pay for.

    I don't spend money that is "announced." I spend money that is received.

    But please don't misinterpret my comment; I like your reasoning in this and prior articles and like you, I own KMI.
    Jul 18, 2015. 11:06 AM | 3 Likes Like |Link to Comment
  • Chevron's 4.6% Dividend Yield Is A Once-In-A-Decade Opportunity [View article]
    Great comments NC Investor. I agree 100%. No need to re-state what you said.
    Jul 15, 2015. 08:37 AM | Likes Like |Link to Comment
  • Neuberger Berman Real Estate Securities Income Fund: The REIT Fund To Get A 7% Yield Paid Out Monthly [View article]
    Henry, I am asking a stupid question: I thought the IRS limit applied on to MLPs. Does it truly apply to REITs as well?
    Jun 5, 2015. 07:41 AM | 1 Like Like |Link to Comment
  • Light Vehicle Sales Per Capita: Understanding The Long-Term Trend [View article]
    How about miles driver per capita?
    Jun 4, 2015. 07:18 AM | Likes Like |Link to Comment
  • The Big 4 Economic Indicators: Real Retail Sales [View article]
    Wow, thanks Doug. I am saving all these charts. You have a great eye for graphics.
    Jun 2, 2015. 09:41 AM | 1 Like Like |Link to Comment
  • Dividend, Yield, And Price: Inseparably Linked [View article]
    Yea Dave, I jumped right in with my two cent's worth, but I want to echo what Minutemen said, great job on this.
    Jun 1, 2015. 09:45 AM | 1 Like Like |Link to Comment
  • Dividend, Yield, And Price: Inseparably Linked [View article]
    Correct, which is why my portfolio is way too low on industrials and raw materials. I owned HP, Intel and 3M, sold 'em all when dividend growth faltered. Now they all are wonderful investments.

    I held my nose and bought GE, now they will freeze through 2016. Geez, what am I to do? Load up on companies like Realty Income when the time is right - that's all I can do. Sold half my GE, by the way.
    Jun 1, 2015. 09:44 AM | 2 Likes Like |Link to Comment
  • My Rationale For Selecting This Moat-Worthy Brand [View article]
    My apologies to David Crosetti, I misspelled his name.
    Jun 1, 2015. 09:39 AM | Likes Like |Link to Comment
  • My Rationale For Selecting This Moat-Worthy Brand [View article]
    I'm with rosenose and zucks, I want a little more yield. I just commented on David Cossetti's article that I use current yield relative to (what David called) "base yield" to help me evaluate when to pull the trigger. I own a lot of Realty Income now and I will add more when the market gives me 5.5% or better. Maybe never, but in all negotiations you have to take the risk of waiting.
    Jun 1, 2015. 09:37 AM | 3 Likes Like |Link to Comment
  • Dividend, Yield, And Price: Inseparably Linked [View article]
    I too, use a "base yield" concept and I work hard on identifying that for each investment I make or desire to make. (This also can apply to closed end funds and the z-score explicitly is one indication of this.) I start with historical average yield during periods with inflation and market rates that are similar to the present period.

    If, in the case of, for example, Realty Income, the current yield is appreciably higher than the historical yield (the "base yield"), so I am slow to buy more. If earnings or operations are changing, that reluctance is reduced, but these things can never be precise.

    If, in the case of JNJ in July 2010, the (then) current yield was well above the historical yield, I loaded up on shares of this great, wide moat company. (The product adulteration problem was depressing prices.)

    Your concept of "base yield" is illusive sometimes, but very powerful.
    Jun 1, 2015. 09:19 AM | 2 Likes Like |Link to Comment
  • The S&P 500, Dow And Nasdaq Since Their 2000 Highs [View article]
    Thanks Doug, I am a big fan. An annualized real return of 1.8% over the post-2000 peak doesn't seem like much. But that word "real" makes all the difference. To have my actual wealth increase in this fashion is acceptable, although the plunging and soaring on the path are certainly unnerving.

    I know the CPI is flawed, but I search in vain for a better measure of price change.
    Jun 1, 2015. 09:04 AM | Likes Like |Link to Comment
  • Preferred Stock Buyers - History Suggests That June Could Bring Higher Returns For Lower Prices [View article]
    Great article Doug! Your logic and evidence is solid. I will prepare for the likely decline you describe.

    What a weird world it is that billions of dollars of price movement could be caused by such transitory events. I have never accepted the assertion of a dominating rational-actor market, and this is just one more bit of evidence to me.
    Jun 1, 2015. 09:00 AM | 2 Likes Like |Link to Comment
  • Should You Invest In International Hedged Equity ETFs? [View article]
    Yes, I echo DAG: Thanks for the information. These are markets we need to participate in, but dollar value changes make that challenging.
    May 22, 2015. 08:57 AM | Likes Like |Link to Comment
COMMENTS STATS
333 Comments
536 Likes