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cpa28761

cpa28761
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  • Cramer's Lightning Round - I Curse The Day I Bought General Motors (11/10/14) [View article]
    >>>Cramer prefers Merck to Procter & Gamble<<<

    I don't see how anyone can get excited about MRK with a PEG of 6.34 and a TTM dividend payout of 96%.
    Nov 11, 2014. 08:51 AM | 3 Likes Like |Link to Comment
  • Coca-Cola Or PepsiCo: Which Beverage Titan Posted Stronger Q3 Results? [View article]
    KO is a beverage company. PEP is a diversified grocery products company. The comparison is no longer valid. PEP should be compared to GIS, KRFT, and other food processors.
    Nov 11, 2014. 08:23 AM | 4 Likes Like |Link to Comment
  • My High Dividend Yield Retirement Portfolio's Progress: The Current Yield Is 7.4% [View article]
    I guess we'll have to agree to disagree. Stockton is less than 100 miles from San Francisco.

    Wall Street does not decide that investments are worthless. Economics alone may. I feel far more sanguine with, say, Johnson & Johnson than I do with municipalities at the mercy of unions and the politicians the unions have in their hip pockets.
    Nov 10, 2014. 03:00 PM | 1 Like Like |Link to Comment
  • My High Dividend Yield Retirement Portfolio's Progress: The Current Yield Is 7.4% [View article]
    Rebel, I would like to think you're right. However, with the market discounting the fund by over 10% vs. NAV (probably for interest rate risk) and a distribution yield of 6.36% (double tax-free), I think you are in the minority.

    I agree with you that unions are going the way of the Dodo, but in competitive environments. I was working in New York City when unions forced Mayor Michael Bloomberg to his knees in less than a week. I doubt that the situation is any different in California and I fail to see any catalyst to change it.
    Nov 9, 2014. 12:54 PM | Likes Like |Link to Comment
  • My High Dividend Yield Retirement Portfolio's Progress: The Current Yield Is 7.4% [View article]
    rebel, are we talking about Invesco Van Kampen California Value Municipal Income Trust? If so, do you feel comfortable about the preferential treatment being given to municipal unions vs. bond holders (who are getting the shaft) in the face of the precarious financial condition of so many California municipalities?
    Nov 8, 2014. 01:28 PM | Likes Like |Link to Comment
  • My High Dividend Yield Retirement Portfolio's Progress: The Current Yield Is 7.4% [View article]
    Rebel, your strategy will work until it doesn't. Then it will be Katy-bar-the-Door. "...little risk" in VCV?

    http://nyti.ms/1EbCoJZ
    Nov 7, 2014. 02:29 PM | Likes Like |Link to Comment
  • Diversifying Into Chinese Bonds [View article]
    I thought bonds were for risk-averse investors.
    Nov 7, 2014. 01:43 PM | Likes Like |Link to Comment
  • A Bigger Payday For Owners Of These 6 Dividend Growers [View article]
    HON has been one of the best performing stocks in my portfolio. However, I did not buy it for its dividend and I do not hold it for its dividend. It is a total return investment.
    Nov 6, 2014. 01:33 PM | Likes Like |Link to Comment
  • Unilever Remains One Of The Best Consumer Goods Companies [View article]
    I enjoyed the challenge. Thanks for the dialog.
    Nov 5, 2014. 03:12 PM | 1 Like Like |Link to Comment
  • Unilever Remains One Of The Best Consumer Goods Companies [View article]
    Uncle Pie:

    I think you're comparing numbers that are not the same. In 2013, Unilever had operating profit of €7.5 billion (€7,517 million), which you are comparing to net profit of €5,285 million in 2008. The numbers are not apples-to-apples nor are they the basis for computing diluted earnings per share.

    The operating profit of €7.5 billion (€7,517 million) in 2013 IS GREATER than the operating profit in 2008 of €7.2 billion (€7,167 million). However, you were comparing operating profit in 2013 to net profit in 2008. To get from operating profit to net profit, you must consider restructuring costs, finance costs, pension costs, and investment income, as well as taxation. You must also consider the portion of net profit attributable to minority interests in less than 100%-owned subsidiaries to get the numerator in the EPS calculation.

    Page 90 on the Unilever 2013 annual report shows net profit attributable to Shareholders' equity of €4,842 million. Page 81 on the Unilever 2008 annual report shows net profit attributable to shareholders' equity of €5,027 million.

    To your point, those numbers are not comparable either inasmuch as 2008 was inflated by gains on asset sales, net of restructuring costs, of €1,269 million. However, the increase in operating profit from 2008 to 2013 (€7,167 million to €7,517 million) was less than 5%. That's slightly less than 1% per year.

    What the future will bring is anyone's guess.
    Nov 5, 2014. 02:17 PM | 1 Like Like |Link to Comment
  • Can United Technologies Corporation Move Your Portfolio? [View article]
    >>> I think every dividend growth portfolio should have a mix of high yield/low growth, moderate yield/moderate growth, and low yield/high growth.<<<

    Those are my thoughts exactly. Unfortunately, many people, including myself (sometimes), tend to evaluate a stock as if it were the only stock in a portfolio.
    Nov 5, 2014. 12:50 PM | 2 Likes Like |Link to Comment
  • My S.W.A.N. Manifesto [View article]
    >>>I never used the term "proof".<<<

    Really?

    >>>Thesis: A hypothetical proposition, especially one put forth without proof<<<
    Nov 5, 2014. 07:50 AM | 1 Like Like |Link to Comment
  • Can United Technologies Corporation Move Your Portfolio? [View article]
    >>>What do you think about United Technologies as a dividend growth investment?<<<

    Not much. I hold UTX for total return. If an investor considers dividends only, there is no justification for holding a stock with a 2.2% yield. With UTX yielding 2.2% with a dividend growth rate of 9%, and T yielding 5.3% and a dividend growth rate of 2%, it would take decades for the cumulative dividends on UTX to equal those of T.

    UTX is a great company. But to focus on dividend growth in its evaluation is wrong.
    Nov 5, 2014. 07:45 AM | 2 Likes Like |Link to Comment
  • My S.W.A.N. Manifesto [View article]
    If you seek "proof", you will never invest because the proof will never be know until after the fact. Therefore, join the ranks of those "invested" in certificates of deposit who have capital preservation that does not keep pace with inflation. Of course, what inflation will be is only a hypothetical until after the fact.
    Nov 4, 2014. 10:15 PM | 3 Likes Like |Link to Comment
  • Unilever Remains One Of The Best Consumer Goods Companies [View article]
    Page 81 of the Unilever Annual Report on Form 20-F 2008 shows diluted earnings per share €1.73. I am comparing that to the "€1.66 in 2013" that you posted this morning.
    Nov 4, 2014. 09:07 PM | Likes Like |Link to Comment
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