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  • Trending - Socially Responsible Fixed-Income Investing [View article]
    Has anyone considered the notion that those in the public sector are as motivated by self-interest as those in the private sector? Milton Friedman suggested that Phil Donahue was naive in believing that political ambition was nobler than economic ambition. Was Friedman wrong? It seems that the most affluent in our society are those in civil service.

    The author of this article is using a frame of reference that is, at best, from another century. Child labor in China? China has a larger middle class than the USA. It will be not too long before China is the number one economy in the world. The difference is that in China, a university degree is the ticket to the middle class. For too long union cards "expanded the middle class" in the USA.

    Now, even Republican candidates and Fox Business commentators such as Lou Dobbs are saying that the government has to help the middle class.

    And, stocknerd, you are the one who sees winners and losers as if economics is a zero-sum game. If an environment is created where a corporation can build a factory and operate profitably, it is a win/win for the company and the workers it employs. If the environment is hostile to business, the factory does not get built (or an existing one closes) and the company and its workers lose.
    Apr 15, 2015. 04:29 PM | 1 Like Like |Link to Comment
  • Total SA - Buy This Stock Now [View article]
    For USA taxpayers, the withholding is 15% on TOT's dividends. It probably varies by country of residence.

    Long: TOT
    Apr 15, 2015. 02:44 PM | Likes Like |Link to Comment
  • Procter & Gamble: It Is Time For Some New Blood [View article]
    Pepsi became, arguably, the best-in-class food processor in the world.

    Long: PEP
    Apr 15, 2015. 02:34 PM | Likes Like |Link to Comment
  • Procter & Gamble: Dividend Increase Coming, Here's What To Expect [View article]
    >>>Am I the only one watching the world's financial system and thinking: the whole thing is ready to collapse ?<<<

    Oh, no. Over the past several decades I have heard numerous fear mongers predicting the demise of civilization.

    However, let me posit this. If I remember Milton Friedman's book, Free to Choose, The Great Depression was caused by a precipitous decline in the money supply over a very short period. Many people feel that, had Lehman Bros. been back-stopped, the 2008 "panic" may not have been as bad as it was. It seems to me that if the money supply is maintained as a means of exchange in a responsible manner, the economy will function.
    Apr 13, 2015. 02:19 PM | Likes Like |Link to Comment
  • PepsiCo Ends Quarter Filled With Strong Product Launches And Continued Speculation [View article]
    >>>...and growing snacks.<<<

    K is so good at creating snacks that they had to buy Pringles from PG rather than developing their own products.

    Long: PEP. PG
    Apr 6, 2015. 08:53 PM | Likes Like |Link to Comment
  • 3M Is Undervalued On A Discounted Dividend Basis [View article]
    Ryan, I'm sure you can run a screen to get a list of companies that meet the criteria you specify. I just did. None of them are diversified manufacturing companies with the quality and consistency of earnings and dividends (S&P ranked A+) of MMM.
    Apr 5, 2015. 02:50 PM | 1 Like Like |Link to Comment
  • General Electric Has A Diverse Business Model To Keep It Out Of Trouble [View article]
    mojo, diversification is needed to anchor the small and large investor.
    Apr 5, 2015. 09:52 AM | Likes Like |Link to Comment
  • 3M Is Undervalued On A Discounted Dividend Basis [View article]
    Rantz, I think you missed two things.

    MMM's dividend is 55% of TTM earnings. Therefore, we should not assume that MMM is borrowing to pay its dividend.

    MMM is far more than scotch tape and post-it notes.

    Having said this, I bought MMM at prices from 90 to 119. Compared to other industrials in my portfolio, it think the upside for MMM, at 163 is limited. Then again, I said the same at 145.
    Apr 5, 2015. 09:29 AM | 2 Likes Like |Link to Comment
  • Procter & Gamble Investors About To Get A Raise [View article]
    Sorry, Aaron, the brands you mention are known, but I doubt that their absence will cause the consumer to turn on his or her heals and shop elsewhere. To me, the ultimate showdown was between COST and KO, where COST blinked.

    Among the brands I see as "franchises" are Band-Aids, Johnson's Baby Shampoo, Tide, Cascade, and Dawn. The PG brands (Tide and Cascade) ran UL/UN (and CL) off the shelves.

    Long: JNJ, KO, PG
    Apr 4, 2015. 08:35 AM | Likes Like |Link to Comment
  • Procter & Gamble Investors About To Get A Raise [View article]
    Having said that, hasn't experience shown that exchange rates fluctuate over time, which makes their impact something to be looked past rather than taking them as indicating a secular trend.
    Apr 3, 2015. 09:51 AM | 1 Like Like |Link to Comment
  • Canadian Banks Sheltered From The Housing Bubble [View article]
    Patrick, I think too many investors fail to realize that large corporations, including banks, are multi-national. They make their money in several countries and in multiple currencies irrespective of where they are incorporated.

    Exchange rates ebb and flow. That the US$ is high today is no indication of where it will be. Today's exchange rates are not indicative of a secular trend and should not be considered in long-term decisions. I agree that the strong US$ creates a buying opportunity.

    Long: TD, RY
    Apr 2, 2015. 11:17 AM | Likes Like |Link to Comment
  • Wait For 3M To Settle Down Before You Pull The Buy Trigger [View article]
    Price to book may have been meaningful when heavy manufacturing was the source of wealth. We are in a knowledge based economy. MMM is a technology company that makes money on intellectual property that does not show up on its balance sheet. It shows up on its earnings.

    Long: MMM
    Apr 1, 2015. 02:20 PM | 2 Likes Like |Link to Comment
  • Procter & Gamble's Headwinds Are Unilever's Tailwinds [View article]
    Tax treaty with UK
    Apr 1, 2015. 07:39 AM | 3 Likes Like |Link to Comment
  • Procter & Gamble Investors About To Get A Raise [View article]
    UL/UN has good international distribution. However, their brand strength, IMHO, is not equal to that of other companies. For example, PG ran them out of the North American laundry detergent business. Their food business is vulnerable to private label. Can you name a UL brand that retailers must have on their shelves?
    Mar 31, 2015. 10:12 PM | Likes Like |Link to Comment
  • Procter & Gamble Investors About To Get A Raise [View article]
    GE, in the 1990's, was the exception. It commanded a premium largely because of Jack Welch's self-promotion. We've seen, in this century, that many of his strategic moves have been or are being undone. Generally speaking, we pay a premium for consistency and reliability of earnings and dividends. A qualitative measure that I like to use is the S&P Quality Rating. Companies such as JNJ and PG that are rated A+ command and deserve higher multiples.

    Long: JNJ, PG
    Mar 31, 2015. 08:04 AM | 1 Like Like |Link to Comment