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richjoy403

richjoy403
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  • The Real Battle Facing McDonald's Has Nothing To Do With Its Food [View article]
    Before I was finished editing the above, I was timed out.

    I intended to remove the reference to smoking, and finish with...and may have an agenda having little to do with a balanced assessment of the pros and cons of MCD on a going-forward basis.
    Apr 25, 2015. 06:37 PM | Likes Like |Link to Comment
  • The Real Battle Facing McDonald's Has Nothing To Do With Its Food [View article]
    >>However, the big problem is that this estimate only takes into account the proposed wage hike which affects just 1,500 of McDonald's 14,350 U.S. locations, or about 90,000 employees. What about the other 330,000 employees that work at McDonald's worldwide? Does anyone really think they are going to accept the fact that someone at another McDonald's location is making more than them, performing the same exact tasks?<<
    ______________

    It's clear to all longs McDonald's has serious problems in both the menu and the perceptions of many of their customers.

    However, the above is the point at which I realized reading further was a waste of my valuable time.

    IMO, anyone who superficially compares the wages paid in India, El Salvador, Thailand, Nigeria and other developing countries (and I've visited all those and more) to wages in the U.S., and suggests workers in these developing countries are dissatisfied with their employment at McDonald's is a very poor pseudo-economist and likely smoking something illegal.

    Rich-unck:12hrs
    Apr 25, 2015. 06:09 PM | 1 Like Like |Link to Comment
  • AT&T's Deal Structure For DirecTV Adds One More Reason To Buy It Over Verizon [View article]
    pro -- T is a "new growth stock"?

    By definition, a "growth stock" represents a company whose earnings are expected to grow at an above-average rate relative to the market.

    I'm on-record as favoring T's moves south of the border...but it's going to be very difficult for even a faster-growing Latin America subsidary to exert enough influence on the present $132 billion revenues giant to lift T to "growth company" status.
    Apr 25, 2015. 05:08 PM | 3 Likes Like |Link to Comment
  • Attractively Valued Ameriprise Financial: A Long-Term Total Return Opportunity Raises Dividend 16% [View article]
    Chuck -- Readers might/might not see AMP as worthy of a position in their portfolio.

    However IMO, your first 5 paragraphs are succinctly instructive to diversified equity portfolio construction, and worthy of every reader's thoughtful consideration.

    It would be worthy of your consideration to repeat that content in a future article.

    Rich-unck:12hrs
    Apr 25, 2015. 11:35 AM | 1 Like Like |Link to Comment
  • Verizon: High FCF Value, Near 5% Dividend Make Buying This Telecom A No-Brainer [View article]
    I'm long both T and VZ (as well as TU).

    When it comes to the sum of the comparisons--e.g., which has the longest FCF, least price-sensitive customers, greatest ARPU, or best growth prospects--I consider T and VZ pretty well balanced one against the other going forward. I do so because I like T's recent acquisitions that provide the opportunity to expand beyond a rather saturated U.S. market, and into still growing markets in Mexico and Latin America.

    OTOH, there is no doubt VZ has out-performed T over the last 15 years (total return YTD, 1yr, 3yrs, 5yrs, 10yrs, and 15yrs per M*).

    Both VZ and T generally under-perform against the market (S&P), but VZ was particularly strong in 2008 when it out-performed the market by 19 percentage points, and IMO tends to offer retirees a smoother ride.

    Rich-unck:12hrs
    Apr 25, 2015. 10:17 AM | Likes Like |Link to Comment
  • General Electric: Q1 2015 Earnings Were As Expected, But Significant Uncertainties Remain [View article]
    bristol -- I have a lesser right to express my opinions than do others? You would have me not offer my views unless I have interviewed GE management?

    Obviously, you are nothing more than a TROLL...nothing sticks, and you follow each ridiculous comment with another.

    Come back when you too have earned 25,000+ likes!

    Meantime troll be gone! I'm no longer wasting my time on a toll.
    Apr 25, 2015. 08:29 AM | Likes Like |Link to Comment
  • AT&T's Deal Structure For DirecTV Adds One More Reason To Buy It Over Verizon [View article]
    I'm long both T and VZ (as well as TU).

    When it comes to the sum of the comparisons--e.g., which has the longest FCF, least price-sensitive customers, greatest ARPU, or best growth prospects--I consider T and VZ pretty well balanced one against the other going forward (because I like T's recent acquisitions that provide the opportunity to expand beyond a rather saturated U.S. market, and into still growing markets in Mexico and Latin America).

    However, when total returns are among the measures, VZ is the clear winner--per Morningstar, VZ has produced the greater return over the periods YTD, 1yr, 3yrs, 5yrs, 10yrs, and 15yrs. (For the 10 and 15 year periods, VZ's edge is <1%). Not unexpectedly, both also usually under-perform the market average, and T more so.

    Although I'd prefer both T and VZ take action to reduce leveraged (debt:equity), I also consider both relatively safe slow-growth income holdings--not unlike utilities.

    My principle concern in the above article is that it enthusiastically accepts at face value T's projected DTV synergies (and even suggests more savings on top of T's $2.5 billion estimate!). Unfortunately, the actual history of announced multi-year synergy savings is often no more impressive than many announced share buyback programs that never fully materialize...it's one thing to announce projections, and another to follow-through.

    Rich-unck:12hrs
    Apr 25, 2015. 07:36 AM | 8 Likes Like |Link to Comment
  • 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 | 4 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 | 13 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
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