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Emerald

Emerald
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  • 11 Stocks For Retirement Investing In 2012 [View article]
    Thanks, Avi for your articles. Although many of these companies have increasing dividends, their yields are too low for my income portfolio. Regards
    Dec 30, 2011. 11:52 AM | 1 Like Like |Link to Comment
  • David Tepper's Appaloosa Management Is Selling These Stocks [View article]
    Useless.
    Dec 30, 2011. 11:50 AM | Likes Like |Link to Comment
  • Frontier Communications: A Top Income Idea For 2012 [View article]
    I have owned FTR for two years and sold all of it yesterday. I liked their business plan but integration looks like it will take longer than expected and cash flow to dividend payout is at risk. As a dividend growth investor, The risk is too high. Looking to buy WIN.

    Watch out for NZ telecom as it is a volatile stock with frequent government interference.
    Dec 30, 2011. 11:43 AM | Likes Like |Link to Comment
  • 8 Cheap Stocks Insiders Are Buying [View article]
    Insiders might be buying, but beware CHK and HP. Aubrey "owns" a lot of Chesapeake stock but investors didn't know he was heavily margined. With a margin call a few years ago, he was wiped out! The board turned around and awarded him millions of shares to make up for his loss. HPQ is basically a disfunctional company that is attempting to remake itself and is therefore a high risk investment.
    Dec 30, 2011. 11:21 AM | 1 Like Like |Link to Comment
  • Sleep Well At Night With A Year-End REIT Wrap Up [View article]
    Brad, multifamily REIT's are generally well run companies, but most are now fairly or overvalued. AvalonBay (AVB) is a great company, but would have to be in the $85-100 range to attain a 4%+ yield and a more reasonable multiple of Funds From Operation. High 20x multiples don't make sense today. Long: EQR
    Dec 28, 2011. 12:01 PM | Likes Like |Link to Comment
  • 4-Must Own Dividend Stocks And 3 To Avoid For 2012 [View article]
    Vol Fan, I too own GE and have bought more over the last year for the dividend and capital appreciation. However, I still view GE as a company that has a marginal management team in too any divergent businesses trying to be too many things to a wide audience of investors. Aside from all the businesses you list, GE is still very dependent on GE Capital. Making turbines, managing credit cards, buying commercial mortgage pools and making equity real estate investments are not compatible businesses. It's one thing to finance third party purchases of your industrial products; its another thing to speculate like a hedge fund. Emmelt wants to run with the Wall Street crowd and not be viewed as an industrial products company. Please be careful with GE.
    Dec 28, 2011. 11:52 AM | 3 Likes Like |Link to Comment
  • The Worst Prediction Of 2011: Municipal Bonds [View article]
    Employment in the municipal sector is down due to layoffs and balancing budgets. Most cities are stable and able to meet bond payments. That is the fact. Whitney was looking for Trump-like publicity and it backfired!
    Dec 24, 2011. 05:06 PM | 2 Likes Like |Link to Comment
  • Generational Tailwinds Driving Value, Dividends In These Pipeline Companies [View article]
    Love the pipes, but many are fully valued now. Some opportunity in ETP and a good upside in the more risky NRGY. Long: EPD,KMP, NGLS, LINE, GEL, ETP,NRGY, BBEP and NS.
    Dec 24, 2011. 04:40 PM | 1 Like Like |Link to Comment
  • Targeting A Retirement Income Level From A Dividend Growth Portfolio - Part 3 [View article]
    Thanks, Robert. That is what I meant. When you literally live off of your investments, as I do, a decent sleep is important to your health. I didn't sleep very well in 2008 when I had a number of high beta investments including too many money center banks (great dividends that were about to disappear!). I gravitated to "dividend growth" investing and have found a home among a number of great authors in this investment camp. I like my growing dividends and my portfolio (50% stocks, 50% bonds) works for me. I realize the eventual rising interest rates pose a risk, but I will slowly move into more dividend growers over the next two years. Happy holidays to all.
    Dec 24, 2011. 01:10 PM | 2 Likes Like |Link to Comment
  • A Dozen Of The Best High Yielding Stocks For 2012 [View article]
    Thanks, Avi. Great diversified list. I own most of these, but believe KO and VFC are a little pricey today and would wait for a pullback.
    Dec 24, 2011. 01:00 PM | Likes Like |Link to Comment
  • Targeting A Retirement Income Level From A Dividend Growth Portfolio - Part 3 [View article]
    Many investors (but not all) will mix both the initial higher yield/slower growth rate with the lower yield higher growth rate when picking dividend paying stocks. They do this to provide some risk and volatility diversification so they can sleep through these nervous markets. This method is probably not the most "efficient" to try and reach one's goals, but, then again, there is no magic formula. Thanks for the article.
    Dec 22, 2011. 05:29 PM | 4 Likes Like |Link to Comment
  • Cash Is King In These Troubling Times, Part II [View article]
    Interesting read. Thanks.
    Dec 20, 2011. 02:32 PM | 1 Like Like |Link to Comment
  • REIT Focus: AvalonBay Communities, Inc. [View article]
    The best measurement for REIT's is "Adjusted Cash Flow From Operations". In AVB's case, this is somewhere in the range of $5.10 to $5.20 for 2012 estimates. A reasonable multiple would be in the range of 15 to 20 times AFFO or $80 to $100 per share. The problem is the cap rate that is currently being used to value REIT's. Current cap rates under 6% don't make a lot of sense from a risk premium point of view and the resulting dividend yields are too low today. (REIT management would obviously disagree!).

    Most apartment REIT's are valued around a 5.5 cap rate (AVB around 4.5) and a high 20's multiple of Funds From Operations. This suggests they are more than fully valued, if not overvalued. AvalonBay has a great portfolio and strong management, but is 25% too rich for investors today. The question is: "Is management buying or selling the stock and/or options"?
    Dec 20, 2011. 01:57 PM | Likes Like |Link to Comment
  • MLPs Offer Steady Income And Exposure to Shale Gas Development [View article]
    I am long a number of MLP's, but very few, if any, are a bargain today. Most are fully priced. Long: KMP, EPD, GEL, BBEP, NGLS, NS and ETP. The only "bargain" i see is NRGY. It has some hair on it , but potentially a significant upside.
    Dec 18, 2011. 04:54 PM | Likes Like |Link to Comment
  • 16 Stocks With New Double-Digit Dividend Increases [View article]
    Your information on Equity Residential is misleading. They pay a current dividend of $0.3375 per quarter or $1.35 annualized. They adjust the fourth quarter dividend to pay out close to 65% of cash flow. As such, they increased the fourth quarter dividend to produce an annual 2011 dividend of approximately $1.58 or a yield of 2.9% at a price of $54.44. They have no permanently increased their quarterly dividend at this point. Long: EQR
    Dec 13, 2011. 01:29 PM | Likes Like |Link to Comment
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