Seeking Alpha

cpa28761

cpa28761
Send Message
View as an RSS Feed
View cpa28761's Comments BY TICKER:
Latest  |  Highest rated
  • Is Pfizer Pfinished? [View article]
    I don't trade or invest in ETF's. I like to pick my own investments. The theories behind ETF's are that we cannot beat the market, therefore we must invest in broad swaths of the market. Looking at it another way, good companies and bad companies are the same because the market has baked all the factors into the prices of both. I don't subscribe to the theory. In dividend stocks, many high yielders have depressed prices because the dividends are not sustainable. Therefore, the high yield is no more than a risk premium on a highly speculative investment.

    A "safe" 6-7% in today's market is a pretty tall order.
    Mar 27, 2012. 04:55 PM | 1 Like Like |Link to Comment
  • Is Pfizer Pfinished? [View article]
    Currently, JNJ is reaping the rewards of those brands that were so well-known that they sell themselves.

    FWIW, my take is that JNJ's business model is to be diversified into pharmaceuticals, devices and diagnostics (their largest business), and consumer products. ABT had a similar model, but chose to abandon it. PFE and other Americans (say, MRK and BMY) are swinging for the fences by concentrating on the research dependent, pure-play pharma business. That works in baseball, but not as well in investing. The Europeans (say, GSK and NVS) look for a balance between the JNJ type model and the PFE model. I have some investment in PFE and MRK, but the bulk of my healthcare market basket is in the more diversified companies.

    Long: JNJ, GSK, MRK, NVS, and PFE
    Mar 27, 2012. 04:26 PM | Likes Like |Link to Comment
  • Is Pfizer Pfinished? [View article]
    norjud, wasn't there a Warner-Lambert in the middle?
    Mar 27, 2012. 11:32 AM | Likes Like |Link to Comment
  • Pacific Investment Management's Prescription For Stocks [View article]
    I see two morals in this story. First, as investors, we should pursue companies that participate in the global economy. I would steer clear of emerging market entities because of political risks. At the same time, I would invest in companies like MCD and UTX that derive growth from emerging markets.

    Second, there is nothing we can do about it, but the problem in the western world is too much reliance on consumer spending. I have heard that building one house creates the equivalent of thus and so many full-time jobs for six months. However, how many jobs for an infinite duration are created if the same resources were put to building factories? That's why, in the long-run, the race is being lost to the developing world.
    Mar 27, 2012. 08:49 AM | Likes Like |Link to Comment
  • 5 Growth Plays: 2 Excellent, 1 Good, 2 Middle Of The Road [View article]
    Once upon a time Montgomery Ward was the largest retailer. They were dethroned by Sears.

    As far as Houdini goes, his widow had séances for many years following his death. However, he never made that escape. Perhaps Sears could hire David Copperfield to make HD, LOW, WMT, TGT, and KSS disappear. Then again, David Copperfield admits that he is an illusionist and NOT a magician.
    Mar 26, 2012. 12:57 PM | Likes Like |Link to Comment
  • 5 Growth Plays: 2 Excellent, 1 Good, 2 Middle Of The Road [View article]
    You were too kind. In not too long, Sears will join Montgomery Ward.
    Mar 26, 2012. 09:41 AM | Likes Like |Link to Comment
  • A Diversified Dividend, Growth And Dividend Growth Portfolio [View article]
    Silverbug, if you would hang your hat on one statistic, look at total full-time employees. CHD: 3,457. PG: 129,000. Critical mass is a factor to be considered.
    Mar 26, 2012. 08:42 AM | Likes Like |Link to Comment
  • Best Bets In Consumer Staples [View article]
    Companies such as JNJ, PG, and KO have had major missteps that cost them big time, but, because of their financial strength, they did not run the risk of ruin. Most people would put CLX in a league below those guys.
    Mar 25, 2012. 11:22 PM | 1 Like Like |Link to Comment
  • Colgate-Palmolive Dividend Stock Analysis [View article]
    Are you sure that the withholding is 35%? I thought it was 15%, which has been the withholding on my NVS dividends.
    Mar 25, 2012. 11:17 PM | 1 Like Like |Link to Comment
  • A Diversified Dividend, Growth And Dividend Growth Portfolio [View article]
    I would steer clear of companies that compete with PG. PG ran CL and UL out of the laundry detergent business. What chance does CHD have other than as the sponsor of supermarket promotions? CHD must compete with PG, CL, and others on tooth paste and deodorant. Baking soda is a commodity vulnerable to generic competition. They seem to me to be a small fish in a big pond.
    Mar 25, 2012. 01:37 PM | Likes Like |Link to Comment
  • 4 High Yielders To Consider, 1 To Watch [View article]
    Current prices are constantly changing. Why commit them to print?
    Mar 25, 2012. 08:38 AM | Likes Like |Link to Comment
  • 6 Consumer Discretionary Stocks With High Dividend/Earnings Growth And Low Payout/Turnover [View article]
    Bob: I have also looked at DRI and YUM to diversify my consumer discretionary market basket that contains only MCD. The issue for me is that MCD's business model is so much more efficient than those competing investments. MCD has only one store to promote and manage. MCD stores serve everything from breakfast to midnight snacks. These factors are reflected in operating margins that are two to three times those of DRI and YUM.

    DRI has shown great dividend growth at a 30% over the past five years. However, they are currently at about the same payout ratio as MCD and their operating margins (a fraction of those of MCD) will not sustain dividend increases at historic rates.
    Mar 25, 2012. 08:35 AM | Likes Like |Link to Comment
  • 1 More Stock For New Investors: Wells Fargo [View article]
    Wayne, be careful about the premium you pay for BWF. The issue is callable on 3/15/2013.
    Mar 24, 2012. 12:03 PM | 2 Likes Like |Link to Comment
  • 5 Growth Plays: 2 Excellent, 1 Good, 2 Middle Of The Road [View article]
    I have no doubt that there are "better" plays than SHLD. I also wonder if there are any "worse" plays. The combination of Sears and KMart will not make them any formidable to competition that includes HD, LOW, WMT, TGT, and KSS. Their turn around is being managed by people who have no background in retailing and it shows in the stores they are closing and in the stores for which they have no funds for renovation.
    Mar 24, 2012. 12:00 PM | Likes Like |Link to Comment
  • A Diversified Dividend, Growth And Dividend Growth Portfolio [View article]
    Stephen:

    How many stocks are in your current portfolio that you would not buy at 15% to 20% less than their current prices?

    Long: MCD
    Mar 24, 2012. 09:19 AM | Likes Like |Link to Comment
COMMENTS STATS
3,377 Comments
5,046 Likes