Telecom Argentina: Buying The 11.9% Dividend [View article]
Be careful about investing in TEO, Argentina gov. interference a real risk. As per earlier comments and post from SA below, like YPF, TEO maybe influenced greatly by Arg. Gov. (to reduce dividend I would guess).
Sunday, April 1, 4:47 AM Argentina is hardening its intentions regarding YPF, with the Pagina 12 newspaper reporting the government has decided to take over the oil giant. The debate is now over whether to expropriate YPF, which is 57% owned by Spain's Repsol YPF (REPYF.PK), or buy a large enough stake to control its management. (previous)
Priceline's (PCLN) Europe potential means it deserves a premium multiple vs. other internet companies, Barclays says as it raises its target price on the shares to $800 from $725. PCLN performs "extremely well in Europe" and has a "very robust growth runway ahead" there, the firm says, plus any European short-term stability would give shares "a strong chance to outperform." [View news story]
I thought Europe was in a recession? Maybe Barclays was assuming when Europe recovers (and Europeans will celebrate in mass by traveling, booking on priceline, with all the new wealth they will have suddenly found)? To me this stock seems really expensive. I would appreciate any thoughtful comments about why it is not expensive.
Disclosure currently own PCLN puts as a hedge to mess in Europe
Telecom Argentina: Buying The 11.9% Dividend [View article]
RHWalker
Instead of ranting, how about stating just the useful information as you did in your 2nd post....
"Do you know the difference between a trailing dividend yield and a forward dividend yield? The company (per Morningstar) projected to pay out 70%......"
Yes and I have read that the company INTENDED to pay out 70% of net income but have sited a Reuters post, that sites a local Argentina paper stating, "Telecom Argentina will bend to government pressure to withhold 2011 dividend payments".
I apologize to the author since it appears he was using "FORWARD" dividend yield. You are correct RHWalker. Fair enough but I have serious doubts about the company paying out so much if anything at all.
Question is do you believe Reuters post and/or Argentina paper? Very possible someone made a false report to Reuters for financial gain, haven't seen this information about the dividend being canceled anywhere else.
If the company does go ahead and pays a dividend, and especially if they do pay $2.12 per share, then yes TEO would be a great investment, and as the author suggess at least as a dividend capture. TEO should move a lot, up or down, after the April stock holder meeting and dividend payment becomes clear. There is also a very real risk of Argentina Gov. interference even if shareholders approve dividend.
Look into what is happening to YPF....losing mining rights....
Thursday 10:36 AM After saying just last week it had no interest in nationalizing YPF (YPF +0.7%), the Argentine government reportedly is seeking to control a 33% chunk of the company, thus becoming its largest minority shareholder.
Telecom Argentina: Buying The 11.9% Dividend [View article]
RHWalker
Sorry I didn't make the pasted text pretty for you. If you had something to say regarding facts or useful information please say it. Otherwise please rant at your local playground.
I posted for the adults on this site whom might want to know that the dividend yield is closer to 6% vs. the authors reported 12%. I find this article misleading and want to prevent anyone from investing on misinformation.
Telecom Argentina: Buying The 11.9% Dividend [View article]
PLEASE hit "Like" if you like this long post.
I REALLY think the author should correct the dividend yield for TEO. It is about 6.4% based on last years dividend payout divided by current stock price. Also, and definitely worse, investors should be aware TEO gives a highly erratic dividend, with MOST years no dividend and this year LIKELY NO DIVIDEND!
From Fidelity....
Dividend history......TEO: Ex-Dividend Date Dividend Amount
Apr 30, 2001 $0.18 Jan 19, 2001 $0.91 Feb 18, 2000 $0.68 Dec 16, 1999 $0.69 Feb 25, 1999 $0.78 Dec 17, 1998 $0.64 Feb 25, 1998 $0.78 Dec 23, 1997 $0.52 Mar 21, 1997 $0.43 Dec 18, 1996 $0.27 Dec 22, 1995 $1.08 Dec 19, 1994 $0.20
From morningstar about the company's dividend, from last conference call ("maybe or maybe not" seems to be the company's policy).
Adrian Calaza - CFO: As far as the dividends decision of the company, it’s premature we are two months away from shareholder meeting that usually takes place at the very back end of the month of April. So we'll let the market obviously know what proposal will be, but we aren't ready yet and the thing has not been dealt by the Board yet.
STXNEWS LATAM-Telecom Argentina reportedly won't pay dividend • • inShare • Share this • • Email • Print Related News • UPDATE 2-YPF shares surge as Argentine takeover fears ease Wed, Mar 21 2012 • Argentina will sue over Falklands oil exploration Thu, Mar 15 2012 • UPDATE 5-Argentine provinces pull several YPF concessions Wed, Mar 14 2012 • REFILE-UPDATE 2-EU watchdog quizzes telcos over collaboration Wed, Mar 14 2012 • UPDATE 2-Argentina asks YPF to withhold dividends Thu, Mar 8 2012 Analysis & Opinion • Apple’s sensible dividend • Why the bank dividends are a bad idea Related Topics • Telecommuncations Services » Fri Mar 23, 2012 10:13am EDT Telecom Argentina will bend to government pressure to withhold 2011 dividend payments, Argentine newspaper Pagina 12 reported. The company had originally intended to distribute as dividends 70 percent of last year's net profits, which totaled 2.42 billion pesos (about $563 million). The proposal to halt the payment, which would have to be ratified by shareholders at an April 27 meeting, would affect Telecom Italia, which holds a 22.7 percent indirect stake in Telecom Argentina. Argentina's center-left government is urging companies to reinvest dividends to boost investment and stem capital flight. Reuters Messaging: hilary.burke.thomsonre... http://reut.rs/HgBoq1
In conclusion make sure you look at dividend history and I would recommend DCM (especially cheap right now) and VOD. Disclosure: I own lots of DCM and VOD (but note these have very good, stable, and supported dividends through earnings, and high dividend growth).
The latest iRumor comes from iMore, which claims the next iPhone (AAPL) will sport the same display size (3.5") as its predecessors, though it will have a 4G LTE modem and smaller dock connector. It's also claimed the device won't arrive until October, in spite of speculation about a summer launch. A recent rumor that the next iPhone will have a 4.6" display was met with skepticism, though reports of a 4" display have been given more credence. [View news story]
How about a iphone enclosed in gorilla glass?? See link....very speculative but I think that would truly be amazing to see an iphone like that (waterproof???).
Disclosure: I own GLW, AAPL ( not sure how much weight to put into this article, if this is true or not)
There will be 67M 4G LTE phones shipped in 2012, forecasts Strategy Analytics, up over 10x from 2011. The higher cost of 4G radio and baseband chips benefits the likes of QCOM, SWKS, RFMD, TQNT, and AVGO. It could also benefit 4G baseband vendor SQNS, if it can add some needed customers. Verizon has said it will only introduce LTE smartphones from now on, and the next iPhone is widely expected to support LTE. [View news story]
7 European Dividend-Payers Lagging The Rally [View article]
Currently own AZN and adding to position. Its too cheap with good relatively safe dividend (no dividend is absolute for sure). AZN does have little in the pipeline but I think it is so cheap it doesn't matter. They are one of the best pharm. companys in the world.
Freeport-McMoRan: A Potential Buy For 2012 [View article]
SteveW
Yes agree SCCO has political risk in Peru but think it has lessened recently. I think however since Indonesia has so boldly taken a huge portion of FCX's assets Peru might follow suit. Still though think SCCO has less political risk.
A Closer Look At The February Employment Report [View article]
My understanding is that Shadowstats calculates unemployment just like our government used too....they changed how they calculate to make things appear better than they are. So bbro PLEASE explain why you think Shadowstats is not credible vs. our governments revised calculations?
Freeport-McMoRan: A Potential Buy For 2012 [View article]
FCX had a bit of bad news recently in Indonesia, see below. Also workers striking. So some near term negatives but long term still think FCX good long term buy. However I like SCCO better think it will do better in near term too since SCCO has no exposure to Indonesia (it is based in latin america).
Do You Dare Buy Telefónica's 11.7% Yield? [View article]
One key concern I have with TEF and the author did not address is that TEF has a very high debt load. See below from Yahoo for a brief summary...particularly concerning is the payout ratio...I like to see less than 80%. This means that TEF is not bringing enough cash in to keep paying such a large dividend unless the do substantially better in future quarters. If I remember correctly TEF has a very large debt relative to FTE, VOD, etc. Therefore while the yield is awesome on TEF it is MUCH more risky than a FTE or VOD.
Total Cash (mrq): 9.10B Total Cash Per Share (mrq): 2.02 Total Debt (mrq): 89.27B Total Debt/Equity (mrq): 242.16 Current Ratio (mrq): 0.62 Book Value Per Share (mrq): 5.36 Payout Ratio: 217.00%
Disclosure: Own VOD, and FTE, considering purchase TEF (a little and yes it is risky).
Japan is in talks to buy exported U.S. liquefied natural gas from companies including Sempra (SRE), Dominion (D) and Freeport McMoran (FCX), Bloomberg reports, citing comments from an official at Japan's trade ministry. Japan needs LNG after last March's earthquake rendered 52 of its 54 nuclear reactors inoperable. Cheniere Energy (LNG +8.8%) surges, even though it isn't mentioned in the report. [View news story]
Seems like most investors missing out on ECA. LNG will hopefully build a LNG terminal in Louisiana (they are planning too I believe) shoots up but ECA which already owns and operates a terminal in Louisiana for LNG doesn't?
I am glad I just bought AZN, having Cramer say "Sell" is a buy signal for me. I think now is an excellent time to enter a long term position in AZN. I really am going to enjoy the massive dividend while I wait for the stock to appreciate.
More on the downgrades: Spain and Portugal will join Italy in being cut by 2 notches, according to French newspaper Les Echos. Germany, The Netherlands, Luxembourg, and Finland will retain their AAA. [View news story]
France is apparently being downgraded today too. Not surprised but this is really bad news for Europe. Going to significantly raise borrowing costs for these heavily indebted nations.
Telecom Argentina: Buying The 11.9% Dividend [View article]
Sunday, April 1, 4:47 AM
Argentina is hardening its intentions regarding YPF, with the Pagina 12 newspaper reporting the government has decided to take over the oil giant. The debate is now over whether to expropriate YPF, which is 57% owned by Spain's Repsol YPF (REPYF.PK), or buy a large enough stake to control its management. (previous)
Disclosure: No positions in TEO or YPF
Priceline's (PCLN) Europe potential means it deserves a premium multiple vs. other internet companies, Barclays says as it raises its target price on the shares to $800 from $725. PCLN performs "extremely well in Europe" and has a "very robust growth runway ahead" there, the firm says, plus any European short-term stability would give shares "a strong chance to outperform." [View news story]
Disclosure currently own PCLN puts as a hedge to mess in Europe
Telecom Argentina: Buying The 11.9% Dividend [View article]
Instead of ranting, how about stating just the useful information as you did in your 2nd post....
"Do you know the difference between a trailing dividend yield and a forward dividend yield? The company (per Morningstar) projected to pay out 70%......"
Yes and I have read that the company INTENDED to pay out 70% of net income but have sited a Reuters post, that sites a local Argentina paper stating, "Telecom Argentina will bend to government pressure to withhold 2011 dividend payments".
http://reut.rs/HgBoq1
I apologize to the author since it appears he was using "FORWARD" dividend yield. You are correct RHWalker. Fair enough but I have serious doubts about the company paying out so much if anything at all.
Question is do you believe Reuters post and/or Argentina paper? Very possible someone made a false report to Reuters for financial gain, haven't seen this information about the dividend being canceled anywhere else.
If the company does go ahead and pays a dividend, and especially if they do pay $2.12 per share, then yes TEO would be a great investment, and as the author suggess at least as a dividend capture. TEO should move a lot, up or down, after the April stock holder meeting and dividend payment becomes clear. There is also a very real risk of Argentina Gov. interference even if shareholders approve dividend.
Look into what is happening to YPF....losing mining rights....
Thursday 10:36 AM After saying just last week it had no interest in nationalizing YPF (YPF +0.7%), the Argentine government reportedly is seeking to control a 33% chunk of the company, thus becoming its largest minority shareholder.
Telecom Argentina: Buying The 11.9% Dividend [View article]
Sorry I didn't make the pasted text pretty for you. If you had something to say regarding facts or useful information please say it. Otherwise please rant at your local playground.
I posted for the adults on this site whom might want to know that the dividend yield is closer to 6% vs. the authors reported 12%. I find this article misleading and want to prevent anyone from investing on misinformation.
Telecom Argentina: Buying The 11.9% Dividend [View article]
I REALLY think the author should correct the dividend yield for TEO. It is about 6.4% based on last years dividend payout divided by current stock price. Also, and definitely worse, investors should be aware TEO gives a highly erratic dividend, with MOST years no dividend and this year LIKELY NO DIVIDEND!
From Fidelity....
Dividend history......TEO:
Ex-Dividend Date
Dividend Amount
(NO PAYMENT FROM Dec. 2011???)
Apr 14, 2011
$1.15
Dec 15, 2010
$0.47
Apr 30, 2010
$0.90
(NO PAYMENT FROM 2001-2009?????? Yikes!)
Apr 30, 2001
$0.18
Jan 19, 2001
$0.91
Feb 18, 2000
$0.68
Dec 16, 1999
$0.69
Feb 25, 1999
$0.78
Dec 17, 1998
$0.64
Feb 25, 1998
$0.78
Dec 23, 1997
$0.52
Mar 21, 1997
$0.43
Dec 18, 1996
$0.27
Dec 22, 1995
$1.08
Dec 19, 1994
$0.20
From morningstar about the company's dividend, from last conference call ("maybe or maybe not" seems to be the company's policy).
Adrian Calaza - CFO: As far as the dividends decision of the company, it’s premature we are two months away from shareholder meeting that usually takes place at the very back end of the month of April. So we'll let the market obviously know what proposal will be, but we aren't ready yet and the thing has not been dealt by the Board yet.
http://bit.ly/HwuAbo
FROM REUTERS.....no dividend, see below
STXNEWS LATAM-Telecom Argentina reportedly won't pay dividend
•
• inShare
• Share this
•
• Email
• Print
Related News
• UPDATE 2-YPF shares surge as Argentine takeover fears ease
Wed, Mar 21 2012
• Argentina will sue over Falklands oil exploration
Thu, Mar 15 2012
• UPDATE 5-Argentine provinces pull several YPF concessions
Wed, Mar 14 2012
• REFILE-UPDATE 2-EU watchdog quizzes telcos over collaboration
Wed, Mar 14 2012
• UPDATE 2-Argentina asks YPF to withhold dividends
Thu, Mar 8 2012
Analysis & Opinion
• Apple’s sensible dividend
• Why the bank dividends are a bad idea
Related Topics
• Telecommuncations Services »
Fri Mar 23, 2012 10:13am EDT
Telecom Argentina will bend to government pressure to withhold 2011 dividend payments, Argentine newspaper Pagina 12 reported. The company had originally intended to distribute as dividends 70 percent of last year's net profits, which totaled 2.42 billion pesos (about $563 million). The proposal to halt the payment, which would have to be ratified by shareholders at an April 27 meeting, would affect Telecom Italia, which holds a 22.7 percent indirect stake in Telecom Argentina. Argentina's center-left government is urging companies to reinvest dividends to boost investment and stem capital flight. Reuters Messaging: hilary.burke.thomsonre...
http://reut.rs/HgBoq1
In conclusion make sure you look at dividend history and I would recommend DCM (especially cheap right now) and VOD. Disclosure: I own lots of DCM and VOD (but note these have very good, stable, and supported dividends through earnings, and high dividend growth).
The latest iRumor comes from iMore, which claims the next iPhone (AAPL) will sport the same display size (3.5") as its predecessors, though it will have a 4G LTE modem and smaller dock connector. It's also claimed the device won't arrive until October, in spite of speculation about a summer launch. A recent rumor that the next iPhone will have a 4.6" display was met with skepticism, though reports of a 4" display have been given more credence. [View news story]
Disclosure: I own GLW, AAPL ( not sure how much weight to put into this article, if this is true or not)
http://seekingalpha.co...
There will be 67M 4G LTE phones shipped in 2012, forecasts Strategy Analytics, up over 10x from 2011. The higher cost of 4G radio and baseband chips benefits the likes of QCOM, SWKS, RFMD, TQNT, and AVGO. It could also benefit 4G baseband vendor SQNS, if it can add some needed customers. Verizon has said it will only introduce LTE smartphones from now on, and the next iPhone is widely expected to support LTE. [View news story]
7 European Dividend-Payers Lagging The Rally [View article]
Freeport-McMoRan: A Potential Buy For 2012 [View article]
Yes agree SCCO has political risk in Peru but think it has lessened recently. I think however since Indonesia has so boldly taken a huge portion of FCX's assets Peru might follow suit. Still though think SCCO has less political risk.
A Closer Look At The February Employment Report [View article]
Freeport-McMoRan: A Potential Buy For 2012 [View article]
http://reut.rs/wceptY
Do You Dare Buy Telefónica's 11.7% Yield? [View article]
Total Cash (mrq): 9.10B
Total Cash Per Share (mrq): 2.02
Total Debt (mrq): 89.27B
Total Debt/Equity (mrq): 242.16
Current Ratio (mrq): 0.62
Book Value Per Share (mrq): 5.36
Payout Ratio: 217.00%
Disclosure: Own VOD, and FTE, considering purchase TEF (a little and yes it is risky).
Japan is in talks to buy exported U.S. liquefied natural gas from companies including Sempra (SRE), Dominion (D) and Freeport McMoran (FCX), Bloomberg reports, citing comments from an official at Japan's trade ministry. Japan needs LNG after last March's earthquake rendered 52 of its 54 nuclear reactors inoperable. Cheniere Energy (LNG +8.8%) surges, even though it isn't mentioned in the report. [View news story]
Disclosure: Own FCX, LNG, ECA stocks
Challenging 6 Valuation-Based Contrarian Picks [View article]
More on the downgrades: Spain and Portugal will join Italy in being cut by 2 notches, according to French newspaper Les Echos. Germany, The Netherlands, Luxembourg, and Finland will retain their AAA. [View news story]
http://bloom.bg/A6tx2l