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richjoy403

richjoy403
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  • TransCanada asks U.S. for new pipeline amid Keystone XL delay [View news story]
    I applaud TRP's efforts to move oil surplus to the North American market to export docks. (Black gold will be moved one way or another, and pipelines are the safest means of land transport.)
    Apr 24, 2015. 01:32 PM | 3 Likes Like |Link to Comment
  • Maintain My Bearish View On McDonald's After Results [View article]
    >>In conclusion, I expect gloomy times to continue for McDonald's in the foreseeable future and I would consider exposure to the stock only after there is a turnaround in sales in the coming months.<<
    _______

    Though I have been long MCD since late 2010, and I expect it will implement an effective plan to correct its deficiencies...I nonetheless view the article as reasonable and fair.
    Apr 24, 2015. 12:17 PM | 3 Likes Like |Link to Comment
  • General Electric: Q1 2015 Earnings Were As Expected, But Significant Uncertainties Remain [View article]
    Bristol, even after having been proven wrong just above, I see you are back with a collection of generalities...yet you REMAIN unable to cite my specific comments (taken within their context), to support your continued criticism of my comments relating to GE.

    BTW, your reading of my comments is optional, yet you read them.

    Is that all ya got?
    Apr 24, 2015. 11:33 AM | Likes Like |Link to Comment
  • Kinder Morgan: Have You Missed The Boat? [View article]
    It's generally understood insiders have many reasons for selling...but only one for buying, and the more they buy, the stronger their conviction.
    Apr 24, 2015. 10:12 AM | 4 Likes Like |Link to Comment
  • Kinder Morgan: Have You Missed The Boat? [View article]
    From the Jan. 21st news item:

    >>Jan 21 (Reuters) - Kinder Morgan Inc, the top U.S. pipeline company, on Wednesday said co-founder Rich Kinder will step down as chief executive this summer in a long-expected move.

    He will be replaced by President and Chief Executive Officer Steve Kean, who has been groomed to take the top job. Kinder will become executive chairman when Kean takes over on June 1.

    "I want also assure you I have never sold a share of my KMI stock and I don't intend to do so in the future," Kinder told investors on a conference call. "As we say in Texas, I plan to die with my boots on."<<

    IMO, Kinder (71) is signaling he intends to keep his hand near KMI's tiller for as long as he is able.
    Apr 24, 2015. 09:52 AM | 6 Likes Like |Link to Comment
  • NY Post: Hostess owners looking for a sale [View news story]
    FWIW -- The old Hostess was sold because it lost customers and was marginalized. The new Hostess was an initial hit largely because of a $billion of free advertising combined with nostalgia. Customer interest seems to be fading, competitors rising, and now would seem a good time to take profits.

    I too bought a Twinkie when re-introduced, and I agree the present item is inferior to what I enjoyed decades ago.

    I own MDLZ, and if they are interested, I assume they will drive a very hard bargain and be principally interested in overseas distribution.
    Apr 24, 2015. 07:42 AM | 1 Like Like |Link to Comment
  • Kinder Morgan: Have You Missed The Boat? [View article]
    KMI is an excellent holding by either measure of total return (divs or price return), thus it would suit just about any portfolio.

    Since we're pointing out shortcomings in the article...I have a problem with using the Dow 30 as a yield benchmark.

    Most professional investors ignore the (price-weighed) Dow 30 Industrials, and consider it of interest to only mom & pop investors getting their market information from the general media. I can't think of any investors or funds that benchmark the Dow.

    The superior and industry standard benchmark is the (cap-weighted) S&P500.

    Did anyone notice T (5.5%) is missing from the above Dow 30 listing? it had been in the Dow since 1916, but along with HON was dumped by the Dow only weeks ago (both remain in the S&P).

    Using the S&P500 produces a far broader list of comparison dividend payers, including other largecaps having a higher forward yield than KMI's. It also allows for considering KMI's direct competitors included in the S&P, but not in the Dow.

    Rich-unck:12hrs
    Apr 24, 2015. 07:14 AM | 10 Likes Like |Link to Comment
  • Why I Purchased Schwab's U.S Dividend Equity ETF As A Dividend Growth Investment [View article]
    banker -- As I recall, that conversation was many moons ago.

    I rarely mention here our 2 low-cost variable annuities (Fidelity and Vanguard). We they've served us well for tax-deferred savings after maxing-out the traditional alternatives.
    Apr 23, 2015. 05:22 PM | 2 Likes Like |Link to Comment
  • General Electric: Pain Purifies [View article]
    Contraria -- Thank you for the kind comment. I'd like to think others find at least occasional value in my opinions, but if anyone agreed with me every time, one of us would be redundant.

    I placed a limit-sell order this afternoon; if executed, I will have trimmed my position by 7%, and realized a net gain of equal to almost 12 years of dividends on sold shares at the frozen dividend rate. (BTW, I too am long both SO and OHI.)

    As to PM, I have not changed my mind. I sold my position at a good profit in January (not because I lost faith in management, rather for trends I've previously discussed). I announced my sale at a following PM article, sincerely wished the longs well, and have not since posted to a PM article.

    Rich

    Apr 23, 2015. 02:59 PM | 2 Likes Like |Link to Comment
  • Why I Purchased Schwab's U.S Dividend Equity ETF As A Dividend Growth Investment [View article]
    Dave -- Congratulations. As I have at least a few years on yourself, I can assure you as we age, the easier path is to be too comfortable and even rigid in our routines and our thinking.

    One question: In view of the significant FOREX haircut to typical mega-cap multi-nationals, did your research identify a 'good' dividend EFT focusing on smallcaps? (In general, smallcaps have the greater long-term growth opportunities for both legs of total return; in addition, as they focus on the U.S., they also have little FOREX exposure.)

    Finally, unless shot by a jealous husband, it is likely we will run low on motion lotion long before we find ourselves looking up at sod. Thus having an auto-pilot portfolio (such as recommended by WB, and modified by ourselves) will be appropriate long before our wives have the opportunity to delegate portfolio decisions to their new boyfriends. ;-)

    Rich
    Apr 23, 2015. 02:29 PM | 5 Likes Like |Link to Comment
  • General Electric: Pain Purifies [View article]
    Will do Mike.
    Apr 23, 2015. 01:12 PM | Likes Like |Link to Comment
  • General Electric: Pain Purifies [View article]
    dj -- I too am in agreement with your comment.

    It seems in many respects we are simpatico. As I also share your concern our faith in management may be tested...I'll share my overall view:

    Trust in management is a high-priority for long-term investors (traders and speculators could care less). The trust requirement is especially the case for SDIs because in the real world, we are 'along for the ride' and actually have next to zero influence in running the company.

    Thus following our due diligence, which demonstrates our faith in management appears well-placed, we buy an itsy-bitsy sliver of the company's shares. From that point, we trust the BoD and executive team will operate the company in our best long-term interest (even if pain is required on rare occasions), and we monitor our holding to stay informed.

    If/when we conclude our faith was miss-placed, or no longer warranted, our choices are effectively limited:
    (a) We make a business decision to sell the company, select another meeting criteria, and move on. Or,

    (b) We can launch a non-productive emotional war against the company, its CEO and BoD, and even remaining longs. We can challenge literally everything, including the sale of GEC; the share buyback program; and the dividend freeze. We can harangue against unrelated tangential issues, such as the CEO, executive compensation, and use of a company plane to visit the company's facilities worldwide. We can even pretend to be expert in all things and demand the company be broken into 4 separate companies.

    Based upon all I presently know, and think most probable, I remain long and forward-looking. Like yourself, I continue to monitor (e.g., earnings and other company news, the markets and macro economy, articles, analysts ratings/projections, institutional ownership, insider transactions, and short interest). I may trim a small percentage of my position. If I lose faith in GE management, I'll sell and move on (I've never pursued Plan (b), and will not do so with GE).

    Rich
    Apr 23, 2015. 12:31 PM | 2 Likes Like |Link to Comment
  • General Electric: Q1 2015 Earnings Were As Expected, But Significant Uncertainties Remain [View article]
    Bristol -- I see you are admitting you can't find a comment of mine, when taken in context, substantiates your assertions.

    BTW, as too debt, you miss-represented my comment...I said it was common for FINANCIALS to carry a large amount of debt (borrow cheap, lend dear).
    As too your suggesting I am shorting GE, in 40+ investing years, I have yet to short any company.

    So desides being totally wrong, what else ya got?
    Apr 23, 2015. 09:17 AM | Likes Like |Link to Comment
  • General Electric: Pain Purifies [View article]
    >>Once General Electric performs the $50 billion buyback, the float should shrink by nearly 20%. By doing this, the company is effectively increasing the dividend by 20%. The same amount of cash paid out by the company in the form of a dividend will be paid out to 20% less shareholders, effectively amounting to 20% dividend growth.<<
    _____

    DAC -- Since GE's April 10th announcements, longs, such as myself, have been inundated with 50+ SA articles discussing GE...aside from our article-fatigue, we understand we will experience pain during GE's multi-year transition from being finance-focused to industrial-focused.

    That you drew an erroneous direct relationship between the share buyback program and the dividend (and without mention the dividend is frozen thru at least 2016), only confuses the facts and adds to our pain.

    A $50 billion share buyback decreases the share float by 20%, and thus decreases GE's dividend expense by a like amount--your describing GE's expense reduction as "dividend growth" for shareholders is both erroneous and an insult to shareholders.

    Fact: Shareholders will see "dividend growth" when the BoD next declares an increase to the dividend--but not as a direct result of a share buyback program.

    Aside from the above, I share much of your positive view of GE's (potential) future. However, realizing that potential also requires cooperation from the world economy's growth rate driving improved industrial demand for GE's products and services.

    Rich-unck:12hrs
    Apr 23, 2015. 07:32 AM | 13 Likes Like |Link to Comment
  • Baxter reports tomorrow [View news story]
    Doug -- Convoluted message received...I give up.
    Apr 22, 2015. 10:37 PM | 2 Likes Like |Link to Comment
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