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Tortoise #1

Tortoise #1
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  • Chevron Is Dead Money [View article]
    Let me be honest regarding our good fortune. Initially, I bought dividend paying stocks to augment my career income. As years passed, I began to see that our dividend income and the value of our investments were increasing. I had stumbled onto Dividend-Growth investing. And, that process continues!

    Among the favorable consequences of D-G investing is that during declining markets our dividend income helps us tolerate the market declines without panicking and selling stocks at low prices.

    I share these comments as accurate reflections of my experience! I have been fortunate!
    Apr 19 11:07 AM | 1 Like Like |Link to Comment
  • Chevron Is Dead Money [View article]
    On Thursday, 04/17/2014 our stock closed at $123.78. The 52 week low was $109.27. You will all "hate" the Tortoise when he reports his cost per share is $2.75.

    CXV is my all-time favorite stock holding closely followed by NextEra Energy (NEE) and Kimberly-Clark (KMB).

    Happy Good Friday to all!
    Apr 18 02:40 PM | 3 Likes Like |Link to Comment
  • Exelon Corp.: Avoid This Utility Stock In 2014 [View article]
    For those of you who still have some interest in EXC stock, the price was up $ .24 today closing at $36.24/share. The 52 week low was $26.45. Their profits in the most recent quarter were all right. If N.G. prices remain in the $4.50 range MMBTU, we may likely see the stock continue the upward trend!

    I sure hope so as we continue to patiently hold the stock we have owned for probably 30 years!
    Apr 16 09:55 PM | Likes Like |Link to Comment
  • Why ConocoPhillips Is Holding Up Well Despite The Carnage In The Market [View article]
    Bret, Thanks for the very well-written article about COP. Two years ago, we added COP to a retirement portfolio I manage. The investments has proved rewarding in terms of both dividend-growth and price appreciation.

    Recently, as the price of CVX declined to near $111, we added it to the portfolio and are happy with its price recovery and dividend-growth prospects!

    Again, thanks for the COP analysis and recommendation!
    Apr 14 08:43 PM | 1 Like Like |Link to Comment
  • Chevron Is Dead Money [View article]
    peace4, Thank you for your kind comments regarding some advice I gave, sometime ago, regarding getting our home mortgages paid off as we approach retirement. I do not recall exactly what I may have advised! But, I can tell you that owning our homes "Free and Clear" will contribute to a financially secure retirement.

    I well remember the day we made the last payment on our mortgage in 1984. The next month, I felt as if I had been given a raise at work and that feeling continues!

    Tortoise #1
    Apr 12 12:22 PM | 1 Like Like |Link to Comment
  • Chevron Is Dead Money [View article]
    Gil, As a long-term holder of CVX stock, I could not agree with you more! Chevron has increased its dividend for 26 consecutive years. You wrote of the current, annual dividend of $4.00/share. In 2001, the annual dividend was $1.30.

    I can proudly report that our current annual dividend is $2,000 larger than our original cost in March 1970.

    Currently, the company is in the midst of very large capital investments that will not begin generating returns until 2015. When that begins, I believe the operating profits will rise while capital expenses decline. I'm betting that anyone buying the stock now will be nicely rewarded in two ways: Higher dividends and Higher stock price!

    One of the factors in my investment decisions is the quality of the management.
    On that factor, Chevron ranks very high and, in the end, that is the driving influence in the success of any business!
    Apr 11 02:46 PM | 3 Likes Like |Link to Comment
  • Chevron Is Dead Money [View article]
    One of my axioms for successful long-term investing is: Never bet against big oil - especially Chevron! As many of S.A. participants are aware, Tortoise first bought 100 shares of Std. Oil of California for $4,400 in March 1970. After four 2 for one stock splits, we own 1600 shares. The current annual dividend is $6,400.

    Our cost per share is $2.75.

    CVX has raised its dividend for 26 consecutive years and will likely do so again in the second quarter 2014.

    In the intervening 43 years since our first purchase, we have received an estimated $130,000 in sweet, cash dividends!

    Dead Money? I don't think so!

    Tortoise #1
    Apr 10 11:34 AM | 8 Likes Like |Link to Comment
  • Exelon: 'Keep On Walkin,' Don't Look Back' [View article]
    Tortoise #1 is a long-term investor who judges the success and/or failure of his investments on the basis of the performance of our total investments. In a large portfolio of diversified holdings not every stock will have an outstanding performance; however, if the value of the total rises and our dividend income stream continues to rise, we accept an occasional decline.

    We have owned EXC since it was Peco Energy and continue to hold it with the expectation that natural gas prices will firm as LNG facilities that are being built come on line beginning in 2015 and more utilities move to natural gas as it is the cleanest burning fossil fuel.

    In the meantime, the price of the stock tonight is $33.29 well above the 52 week low of $26.45.

    We will continue to hold the stock and hope management will begin to raise the dividend!
    Mar 29 10:02 PM | Likes Like |Link to Comment
  • Debunking The 'Dividends Don't Add Shareholder Value' Myth [View article]
    I long ago concluded that the large majority of "investors" see the stock markets as Giant Casinos in which fortunes are made trading stocks for profits. Many of the comments to Mr. Carnevale's Article confirm my conclusion. For those of you who follow this strategy toward a financially secure retirement, I wish you good luck!

    I found much of the detailed arguments for investing in non-dividend paying stocks to be woulda, coulda, shoulda fantasy fueled by a few outstanding examples of successful, long-term investing in non-dividend paying stocks. No one has mentioned the many instances where this strategy has proved ineffective. This is typical of gambler's behavior. We rarely hear of their losses - only of their successes!

    Tortoise #1 has followed a Dividend Growth strategy for the bulk of our household investments since the 1960s. The results are not woulda, coulda, shoulda! The result actually happened and we live it everyday in our nearly 20 year retirement.

    Our dividend income plus Social Security benefits is significantly larger than our living expenses. This has been made possible by the Dividend-Growth of stock holdings such as Abbott Labs (ABT), Chevron (CVX), Dominion Resources (D), Kimberly-Clark (KMB), Spectra Energy (SE), Spectra Energy Partners (SEP) and Verizon Communication (VZ) among others.

    And, the value of our portfolios have grown with incredible gains that our heirs will inherit!

    I offer my comments as encouragement to those who seek to slowly prepare for a financially secure retirement years in the future.

    Mar 22 12:26 PM | 12 Likes Like |Link to Comment
  • NRG to buy Dominion's retail electric business [View news story]
    Hemiford, Thanks!
    Mar 17 10:35 AM | Likes Like |Link to Comment
  • Chevron Corporation: Very Attractive Expansion Plans [View article]
    I have owned CVX since March 1970 when we purchased 100 shares of Std. Oil of California. Now, after four 2 for one stock splits, we own 1,600 shares. In terms of price appreciation and dividend increases, it is our all-time favorite stock holding.

    We paid $4,400 for those initial 100 shares. The current, annual dividend is $6,400. On that basis, I would never bet against Chevron Management!

    By the way, in 2001, CVX's annual dividend rate was $1.30/share. Currently, since the second quarter 2013, it is $4.00/share.

    That kind of performance contributes to our long, financially secure retirement!
    Mar 16 08:51 PM | 4 Likes Like |Link to Comment
  • Debunking The 'Dividends Don't Add Shareholder Value' Myth [View article]
    Tortoise #1 will stay-out of this debate. However, his stock selections, for longer than 50 years, have been on the basis of dividends and dividend-growth and the correlation between dividend-growth and rising price of the underlying stock.

    We love dividends and adore dividend increases!
    Mar 14 12:03 PM | 8 Likes Like |Link to Comment
  • NRG to buy Dominion's retail electric business [View news story]
    Can someone clarify if this purchase includes Dominion's retail power business in Virginia?

    Mar 11 05:20 PM | Likes Like |Link to Comment
  • Why Dividends Are Irrelevant [View article]
    gfmn2000, Amen and thanks for your appreciated comments!
    Mar 3 03:02 PM | 1 Like Like |Link to Comment
  • Why Dividends Are Irrelevant [View article]
    Safraner, I may have missed something in your analysis of "Dividends are Irrelevant". It occurs to me that corporate management, when declaring its dividend, customarily distributes only a share of its earnings - leaving plenty for the investments and acquisitions that you state will make the company more valuable.

    I see a flaw in your position. We have all read that American corporations are "sitting" on cash of nearly $2 trillion after paying and increasing their dividends and executing huge stock buy-backs. If all those opportunities to add value to the company were available, as your mythology projects, why are they not doing that now?

    Furthermore, other participants have noted that there is evidence that the stocks of corporations that pay and increase dividends are favored by investors and this serves to raise the prices of those stocks thus adding to the market value of the company.

    Tortoise #1
    Mar 2 02:10 PM | 2 Likes Like |Link to Comment