The story is embodied even in this century in corruption such as Solyndra, A123 Systems, and other examples of their ilk. If you seek corruption, you might look to the use of political influence to use tax payer money to fund businesses that have no purpose but a political agenda.
An Underrated Technique From The Charlie Munger Playbook [View article]
Pen, your more recent statement has far greater specificity than the blanket remarks of Buffet or Rothschild.
At this juncture, I cannot find a single analyst with a "buy" on DLR. The most accurate ones according to StarMine put a strong "sell" on DLR. Whether these guys are right or wrong, we have the makings of a self-fulfilling prophesy. Perhaps you are right and will beat the market. I don't try to beat the market.
Paychex: A Stable Dividend And A Catalyst For Growth [View article]
I have always preferred ADP. All PAYX seems to have to sell is that they are cheaper than ADP. That makes them a commodity business. I prefer to invest in proprietary businesses.
An Underrated Technique From The Charlie Munger Playbook [View article]
I dumped my DLR in April at 71.03 (15% gain). There seems to be good reason for the company to have gone on sale. Their business is commoditized with few barriers to entry. It has increasing cap ex and has changed their definition of non-recurring cap ex to include capital maintenance. This is according to an article in Barron's.
7 Top Stock Holdings Of The 15 Best Risk Adjusted Total Return Equity Mutual Funds [View article]
Tom, I think many participants focus too much on dividend growth with limited to no focus on the earnings growth that drives growth in both dividends and stock price. Total return is the real name of the game. Dividends on a so-called Dividend Growth Stock (say, KO) will take decades to pass dividends on an income stock (say, T) on a cumulative basis. KO's real advantage over T is in total return.
3 Industrials With Rapidly Increasing Debt [View article]
My inclination is to believe that management at UTX did a proper ROI analysis before committing $16 Billion to the acquisition of Goodrich. Elements would have included Goodrich's earnings, synergies from the acquisition that would increase earnings in the combined entity, and the cost of capital.
Also, I don't look down my nose at intangible property on a balance sheet. In this century, the money is made on intellectual property and NOT on brick and mortar. It doesn't matter is a company is in aerospace technology, or in consumer staples, or in biotech. Basic manufacturing is a commodity and the world is awash in excess capacity. Thought processes are the only thing proprietary today.
Wal-Mart Or Target: Which Dividend For The Long Run? [View article]
That's a thumbs-up, CJG. Too many participants on Seeking Alpha study dividends as if dividends were an entity unto themselves. It's great to see someone who understands that earnings are the driver and dividends are a dependent variable.
Over the last five years, EPS growth at WMT has been over 50% greater than that of TGT.
5 Top Stocks For Dividends, Low Volatility, High Quality And Analyst Ratings [View article]
Nicholas, it's good to see that those items are not the sum of your portfolio. However, without slicing and dicing each of the securities, it's clear that the market is valuing them to provide a risk premium. I don't try to beat the market. I only try to make the best of it. I would not touch most of these items. Yes, they look like they're doing well. They will do well until they don't. Then, it will be Katy bar the door.
One specific, if I may. Invoking the name Bill Gross is something I've seen so often. I have several investment grade bonds that I acquired from 2007 thru 2009 with double-digit annual returns. I am not that smart. Macro forces have created premiums that will dissolve over time. My yields to maturity are not good on these "highly appreciated" bonds including WMT and PFE. I am not smarter than math and neither is Bill Gross.
Not All Dividend Increases Are The Same: A Search For Consistent Proportional Increases [View article]
This article treats dividends as an entity unto themselves. Dividends are driven by earnings. Increasing dividends are driven by increasing earnings. Yet the author mentions the term "earnings" only once and in the final paragraph.
5 Top Stocks For Dividends, Low Volatility, High Quality And Analyst Ratings [View article]
There are many better plays in the pipeline business than Enbridge. Any analyst can get it wrong. However, when the only "buy" I see is from Morningstar, I do not find it encouraging. I am not about "the world is crazy, but I know the truth".
4 Places To Find The Dividend Machines [View article]
Guns and ammo cause harm when misused; they can cause harm. Tobacco products cause harm when used as directed; they cause harm with no possibility of "good" use.
5 Top Stocks For Dividends, Low Volatility, High Quality And Analyst Ratings [View article]
I did further research on ARCP, EEQ, and KFR. Compared to "peers" they are poorly rated by analysts, small players, and thinly traded. To reiterate, there is a difference between investing (especially in quality companies, which is the topic of this article) and yield chasing.
How 'Old Money' Can Build Wealth For The Average Person [View article]
You might find the following article interesting:
http://bit.ly/17WqMfJ
The story is embodied even in this century in corruption such as Solyndra, A123 Systems, and other examples of their ilk. If you seek corruption, you might look to the use of political influence to use tax payer money to fund businesses that have no purpose but a political agenda.
An Underrated Technique From The Charlie Munger Playbook [View article]
At this juncture, I cannot find a single analyst with a "buy" on DLR. The most accurate ones according to StarMine put a strong "sell" on DLR. Whether these guys are right or wrong, we have the makings of a self-fulfilling prophesy. Perhaps you are right and will beat the market. I don't try to beat the market.
Paychex: A Stable Dividend And A Catalyst For Growth [View article]
Long: ADP
Get 7.65% Yields In Short 28 Month Bonds From The Trade & Development Bank Of Mongolia [View article]
An Underrated Technique From The Charlie Munger Playbook [View article]
I think there is a difference between irrational fear and recognizing a deteriorating business model. The author of the Barron's article makes sense.
An Underrated Technique From The Charlie Munger Playbook [View article]
http://on.barrons.com/...?
7 Top Stock Holdings Of The 15 Best Risk Adjusted Total Return Equity Mutual Funds [View article]
3 Industrials With Rapidly Increasing Debt [View article]
Also, I don't look down my nose at intangible property on a balance sheet. In this century, the money is made on intellectual property and NOT on brick and mortar. It doesn't matter is a company is in aerospace technology, or in consumer staples, or in biotech. Basic manufacturing is a commodity and the world is awash in excess capacity. Thought processes are the only thing proprietary today.
Long: UTX
Wal-Mart Or Target: Which Dividend For The Long Run? [View article]
Over the last five years, EPS growth at WMT has been over 50% greater than that of TGT.
Long: WMT
5 Top Stocks For Dividends, Low Volatility, High Quality And Analyst Ratings [View article]
One specific, if I may. Invoking the name Bill Gross is something I've seen so often. I have several investment grade bonds that I acquired from 2007 thru 2009 with double-digit annual returns. I am not that smart. Macro forces have created premiums that will dissolve over time. My yields to maturity are not good on these "highly appreciated" bonds including WMT and PFE. I am not smarter than math and neither is Bill Gross.
4 High Yield Dividends To Consider And 2 To Avoid [View article]
EEP - 2.0%
PAA +47.6%
EDP +19.7%
KMP + 8.7%
The numbers speak for themselves.
Long: EDP, PAA
Not All Dividend Increases Are The Same: A Search For Consistent Proportional Increases [View article]
5 Top Stocks For Dividends, Low Volatility, High Quality And Analyst Ratings [View article]
4 Places To Find The Dividend Machines [View article]
5 Top Stocks For Dividends, Low Volatility, High Quality And Analyst Ratings [View article]