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  • Qualcomm: Is There Life After Samsung? [View article]
    They have been a successful company for over 20 years and have a strong balance sheet to show for it. Anything can happen especially with so much cash on the balance sheet.

    There are headwinds but many long term companies have survived and thrived after some adversity.
    Nov 5, 2015. 09:28 PM | Likes Like |Link to Comment
  • Even Without Growth, Microsoft Is A Safe Investment [View article]
    All the best to you Bahamas, will see what the future holds. I am out of MSFT due to valuation but would like to hold if I could get better valuation.

    Cheers, Doug
    Oct 27, 2015. 10:46 AM | Likes Like |Link to Comment
  • Beating Back Fear For Income Investors [View article]
    I am late replying Chowder. I like to manage my risk and buy when it looks like there is good value. I like your dividend growth model but do want to have money when good dividend stocks are down so I re balance which is not a true dividend strategy that does not worry about the stock price and only the dividend growth. All the best.
    Oct 26, 2015. 12:28 PM | Likes Like |Link to Comment
  • Even Without Growth, Microsoft Is A Safe Investment [View article]
    Hi Bahamas, I think MSFT is doing a great job but this is expensive.

    I do not see growth from Sept 2014 to Sept 2015. Even with good guidance a PE in the mid 30s should be a high growth company. I find it hard to believe that MSFT will be growing at over 25% a year considering their size. That is the type of growth required to carry such a high PE.

    If they do grow at these levels then I am wrong but for me, at these levels, it is increasing risk in my portfolio. Still I hope you are right that they an grow at these levels because it is such a great company.
    Oct 26, 2015. 12:23 PM | Likes Like |Link to Comment
  • Even Without Growth, Microsoft Is A Safe Investment [View article]
    MSFT is a great company no doubt and will be a great dividend grower. I do worry about a stock price that gives a PE over 35 though for a mature growth company growing. Still sticking to my value model I did sell and lose out on this pop but I will hold fast to not buying at these levels
    Oct 24, 2015. 02:18 PM | Likes Like |Link to Comment
  • The Latest Margin Debt Figures Send An Ominous Signal For Stocks [View article]
    This is an indicator of high risk. And it is not alone. Shiller PE and Market Cap to GDP are also indicating and over valued market. To me that does not mean that there is a crash coming but does indicate there is higher risk so defensive measure may be prudent. All the best to all.
    Oct 20, 2015. 11:37 PM | 1 Like Like |Link to Comment
  • Corning: An Up And Coming Dividend Growth Gem [View article]
    Being a value investor means analyzing as the author has done very well and buying when prices of stocks are below the real value of the business.

    SkyD sounds like you are chasing stock prices. I have never had success with that but buying a quality company like Corning when the market has mis-priced it to the downside is a contrarian and value investor's dream. Long term I think GLW will reward shareholders who buy in at these values.
    Oct 18, 2015. 04:38 PM | 5 Likes Like |Link to Comment
  • To Cash Or Not To Cash [View article]
    While I understand collecting the income over time rather than holding cash is a solid way to do things I still feel there are times when the market is more risky and not a good entry point.

    I want to buy and hold stocks that I got for a good price not ones that may have been fully valued or close to fully valued. I want to allocate my cash where the income and capital appreciation can be maximized, as a result I hold more cash/fixed income (cash can make a safe small return while waiting) when I feel the stock market has high valuations and wait for better entry prices.

    In Sept 2007 I could by a Canadian bank with a PE of 16 and a dividend of 3% but by Feb 2009 I could get it at a PE of 8 and a dividend of 6%. I would want to have cash to buy it and the other good deals in the market drop and then hold long term. David Tepper has a quote "sometimes the hardest thing to do is to do nothing" but sometimes can be the best move.

    I have some long holdings that I feel I got in at good prices but am building a large cash/fixed income position as I find less deals out there. I will allocate this when I find good entry prices by my valuation.
    Jun 20, 2015. 08:05 PM | 2 Likes Like |Link to Comment
  • Peter Lynch On Today [View article]
    It takes time to get a 10 bagger. I know many people including myself who have sold out way too early on stocks. If you invest when values are good and dividends are high chasing stock price action is not necessary. Have to be quality companies though.
    Jun 16, 2015. 11:20 PM | 1 Like Like |Link to Comment
  • Why Cash Is King [View article]
    Hi Shaxmatist.

    There is alpha in cash during a stock market correction or crash. Alpha is merely outperforming a benchmark index.

    If you think a market is overvalued then cash or shorting is seeking alpha based on your perception of market risk.
    May 18, 2015. 11:25 PM | 2 Likes Like |Link to Comment
  • Why Cash Is King [View article]
    Thanks for the article Eric, it helps me feel good in my strategy of managing risk. As long as I feel the market valuations are higher then I will take some off the table as my assets appreciate and wait for better deals with a decent percentage of cash waiting for it. Margin is too leveraged for my risk tolerance so I need to have some dry powder for corrections and to minimize risk for downturns. Cheers
    May 18, 2015. 01:08 PM | 1 Like Like |Link to Comment
  • I'm Not Trying To Scare You, I'm Trying To Help You [View article]
    I agree that the markets are over extended so I believe there is a higher risk situation.

    Still we all know if the buy side is stronger than the sell side markets will go up. This is often attached to the emotional side of market participants and as we saw in 1999 the party can go on longer than stats and fundamentals say is reasonable.

    My best option is to be in equities, be diversified and have cash or hedges in place that could reduce losses if the dam breaks.
    Feb 15, 2015. 01:56 PM | 2 Likes Like |Link to Comment
  • Evidence Of A Market Rally From Here [View article]
    True momentum can over run quite a way as we saw in the late nineties but risk is still there.
    Dec 19, 2014. 11:36 PM | Likes Like |Link to Comment
  • The Black Bear Is Unleashed [View article]
    Thanks Eric, I have been very cautious with this market and have positioned for a bear market.

    Never know when it is going to happen but feel it has run a beyond the economic growth and figure the risk is high right now. I expect a revision to the mean or at least returning to something that resembles economic growth rather than speculative growth.

    Catalysts like energy prices dropping or international economic weakness could trigger. If not I will wait but a larger portion of fixed income assets than I normally hold. Thanks for your articles.
    Dec 17, 2014. 08:01 AM | Likes Like |Link to Comment
  • The Black Bear Is Unleashed [View article]
    Hi Eric, most of your articles appear to see you as feeling the market is overrun and I do agree and have been defensive. On Nov 23 you wrote that the It appears to be setting up as smooth sailing for stock investors as they move toward the end of 2014`. It appeared you had gone against your bearish view. Are you suprised at the late pullback?
    Dec 14, 2014. 04:20 AM | 4 Likes Like |Link to Comment