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rocketman3

rocketman3
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  • Now Is The Time To Consider Ross Stores [View article]
    What is a 1/2 position?
    Aug 12 04:26 PM | Likes Like |Link to Comment
  • Enbridge Income Fund Holdings Inc. declares $0.1146 dividend [View news story]
    Wrong! The yield is 5.38% not 5.97%.
    Mar 17 05:26 PM | Likes Like |Link to Comment
  • Crude oil futures weaken following an unconfirmed report that the 400K bbl/day Seaway Pipeline has been shut down. Flows from Seaway and other pipelines have been key in drawing down crude from the Midwest hub in recent weeks and sparking a jump in prices. Seaway is a 50-50 JV between operator Enterprise Products Partners (EPD +0.8%) and Enbridge (ENB +1.9%). [View news story]
    Why would the shutting down of the pipeline weaken future prices? Shutting the ppeline would reduce supply, conversely increasing demand. Isn't that's how the market generally works?
    Jul 11 04:32 PM | 2 Likes Like |Link to Comment
  • Panicky selling grips the mortgage REITs (REM -3.5%) as Treasury yields soar following the payroll report. American Capital (AGNC -6.9%), (MTGE -5%), Annaly (NLY -6.9%) Chimera (CIM -4.9%), Armour (ARR -3.9%), Invesco (IVR -2.7%), CYS Investments (CYS -3%). CYS' Kevin Grant was public a month ago about being a happy buyer as yields rose - a bit early on that call. [View news story]
    Northills24: You are correct. The average investor is blinded by the yield and has absolutely no idea how they work. One has only to read the majority of the comments on this site about averaging-down on them and throwing more money at them to realize that. mREITS are extremely dubious structured products. My advice: Stay away from them.
    Jul 6 11:58 AM | 1 Like Like |Link to Comment
  • Panicky selling grips the mortgage REITs (REM -3.5%) as Treasury yields soar following the payroll report. American Capital (AGNC -6.9%), (MTGE -5%), Annaly (NLY -6.9%) Chimera (CIM -4.9%), Armour (ARR -3.9%), Invesco (IVR -2.7%), CYS Investments (CYS -3%). CYS' Kevin Grant was public a month ago about being a happy buyer as yields rose - a bit early on that call. [View news story]
    Maybe not, but the average investor does understand red ink.
    Jul 6 02:10 AM | Likes Like |Link to Comment
  • Panicky selling grips the mortgage REITs (REM -3.5%) as Treasury yields soar following the payroll report. American Capital (AGNC -6.9%), (MTGE -5%), Annaly (NLY -6.9%) Chimera (CIM -4.9%), Armour (ARR -3.9%), Invesco (IVR -2.7%), CYS Investments (CYS -3%). CYS' Kevin Grant was public a month ago about being a happy buyer as yields rose - a bit early on that call. [View news story]
    MORL's monthly dividend is $1.105. Multiply that by 12 gives an annual dividend of %13.26. The dividend yield is calculated by the annual dividend ($13.26) divided by the share price ($19.69) multiplied by 100.
    Thus MORT's yield is 67.34 per cent.
    Jul 6 02:09 AM | Likes Like |Link to Comment
  • For those who've noticed American Capital Mortgage's (MTGE -3%) allocation to non-agency MBS has declined from a typical 30% to 20%, co-CIO Jeff Winkler (he's in charge of non-agencies, Gary Kain does agencies) says (JMP presentation) don't forget Q1's capital raise. The firm rapidly deployed the new funds into agency paper and will over time - as the non-agency market hopefully expands - move that money over. [View news story]
    Interesting ... but would appreciate an explanation of what that actually means and, I believe, so would others who come to this site and hold MTGE.
    May 14 02:00 AM | Likes Like |Link to Comment
  • Flowers Foods (FLO +0.8%) is in receipt of a second request from the Department of Justice for more information on the dominance of the company's bread business including the impact of its purchase of Hostess products. Industry insiders think the company may have to end up shedding a brand or two to appease the regulators. [View news story]
    Good idea, Ms. Harrison. Put the bakery workers on the streets, so they can collect pogey, ultimately being unable to pay their bills, lose their homes and all the while it's costing the government more in unemployment compensation, driving up the jobless numbers which in turn hurts businesses and drives down their profits, leading to staff layoffs which in turn .... That's why we elect politicians to make big, tough decisions like that.
    May 14 01:56 AM | Likes Like |Link to Comment
  • Spending on food for cats and dogs continues to surprise with industry sales threatening to topple the $20B mark this year. While many sectors are feeling the effect of consumer pulling back on spending, pet food companies have been able to keep their pricing power strong. Pet picks: Procter & Gamble (PG -0.3%), Colgate Palmolive (CAG -0.1%), Nestle (NSRGY.PK), Fresh Del Monte (FDP +0.2%). [View news story]
    Pet food -- as has often been shown -- is recession-proof.
    Apr 23 01:04 AM | Likes Like |Link to Comment
  • Mayoral candidate Christine Quinn will unveil legislation today in New York City to raise the minimum age to buy tobacco products from 18 years to 21 years. The Big Apple already has one of the most extensive set of smoking restrictions of major cities. Sector watch: Reynolds American (RAI -0.4%), Altria (MO +0.2%), and Lorillard (LO -0.3%) have seen buybacks and e-cigarettes sales help keep profitability levels up amid declining levels of cigarette smoking, but the increased promotional stance of the group worries analysts. [View news story]
    Mayoral candidate Christine Quinn's push to raise the age of buying tobacco to 21 has a snowball's chance in hell of passing. It's just a headline-grabbing vote catcher that will go nowhere -- the same as Quinn herself.

    Apr 22 10:29 PM | Likes Like |Link to Comment
  • Likely overcapitalized Canadian banks should consider committing to an annual dividend payout ratio of 60-70% each year, argues CIBC's Robert Sedran. He envisions a regular quarterly dividend with a Q4 special payout based on the actual full-year results. "An innovative way to satisfy investors' demand for yield while simultaneously satisfying regulators' demand for prudence." Banks targeted: BMO, BNS, CM, RY, TD[View news story]
    Excellent idea!
    Apr 17 04:22 PM | Likes Like |Link to Comment
  • Shares of McDonald's (MCD +1.3%) set fresh 52-week highs as the restaurant operator's uninspiring streak of flattish global same-store sales doesn't scare off investors. What to watch: The company hasn't disclosed yet if it expects an impact on sales in Asia from the H7N9 avian virus in China so its Q1 earnings report could take on some added significance[View news story]
    Spybreaker: Couldn't agree more about the difficulty of finding decent yielding stocks. Take a look at Dorman Products. Run the chart over the past five years. There's nothing to touch it. It doesn't have a set dividend, but last December it paid $1.50 per share which was equivalent to a 4.39% yield at the time when the stock was $34.15. If you can overlook the possibility that the dividend isn't permanent (I have) the stock's runup is tremendous. Getting ABBV at $33 was a blessing for you.
    Apr 13 08:00 AM | Likes Like |Link to Comment
  • Shares of McDonald's (MCD +1.3%) set fresh 52-week highs as the restaurant operator's uninspiring streak of flattish global same-store sales doesn't scare off investors. What to watch: The company hasn't disclosed yet if it expects an impact on sales in Asia from the H7N9 avian virus in China so its Q1 earnings report could take on some added significance[View news story]
    Despite all the supposed gloom-and-doom, despite all the downgrades, despite all the health-food advocates, despite everything, the Big Mac keeps on rolling. And why not? It's said the food is not healthy for you. Well, neither is most of the air we breathe. And there's nothing we can do about that. So here's a toast to the Golden Arches.
    Apr 12 01:26 PM | 1 Like Like |Link to Comment
  • A Real Dividend Growth Machine: Q1 2013 Review [View article]
    Excellent stuff, DGM. I'm glad to see that you're not tempted by DRIP investing. I never took that route because I preferred to pick out new stocks to add to my portfolio instead of adding to existing stocks and I've been doing this for 40 years, always handling my own investments. Each to his/her own, but that's what I preferred as adding to existing equities would have prevented me from casting my net wider.

    Some years ago I finally managed to get my daughter to start steering her savings into the market and she did exceedingly well with runups in the likes of Inco and the Big Banks. She was never truly fond of the market, preferring real estate. She sold before the crash and with her money and some that I passed along to her, she bought a condo. Her timing was perfect. (A wise parent listens to the younger generation.)

    When she moved into the condo she started saving $50 every two weeks which I've been reinvesting for her since 2008, putting much of it into an RRSP to get a good tax refund. Her portfolio is now back up to $32,991. The return in 2012 was 19.8%. Her stocks: MO, ABC, CNQ-T, DORM, EMA-T, ENB-T, EIF-T, GE, IPL-T, TAL, TJX. Along the way, I've rolled over some of her stocks, like Brookfield Office Properties, which soared 120% in 11 months (June 2009-May 2010), Southern Pacific 53% (Apr. 2010-Mar. 2011), and a bunch of energy strocks that all jumped more than 50% in 2010 and opted for more secure stocks that brought in dividends.

    She'll splash $200 on makeup and feminine hair stuff etc., but nickle-and-dime you for 10 cents. She'll squeeze six cents out of a nickel. She's 31. You and her would make a match made-in-heaven!!

    Keep it going.....
    Apr 9 04:31 AM | 2 Likes Like |Link to Comment
  • Canadian lenders are set for a dramatic expansion in P/E multiples, says Scotiabank's Kevin Choquette, believing the slowdown in the country's real estate market is more than discounted in bank stock prices. His favorite pick is Imperial Bank (CM) as it's restructured to lessen its reliance on mortgage banking. [View news story]
    Imperial Bank ? Surely you mean CIBC.....
    Apr 3 02:56 PM | Likes Like |Link to Comment
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27 Comments
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