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hjtheuns

hjtheuns
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  • Retirement Strategy: The Absurdity Of Believing That Dividends Don't Matter In Retirement [View article]
    Without earnings growth and the resultant price appreciation there will be no dividend. The point I was trying to make is that capital gains (realized or not) and dividend payments both matter and therefore total return is the true measure of an investment.
    Aug 12 07:42 PM | 1 Like Like |Link to Comment
  • Retirement Strategy: The Absurdity Of Believing That Dividends Don't Matter In Retirement [View article]
    A stock investment's total return = capital gains + dividends so dividends absolutely matter. Saying dividends don't matter is as ridiculous as saying capital gains don't matter. An investor may prefer one return source over the other with consideration given to stage of life, risk tolerance and tax treatment but what is of prime importance is total return regardless of your investment approach.
    Aug 12 01:26 PM | 1 Like Like |Link to Comment
  • Dividend Investing Over The Past 7 Years Was Never Easy [View article]
    Monday was a great time to exit WAG at $72.53. Management appears to be grossly incompetent. WAG will be seen as a slow growth, low yield company for the foreseeable future.
    Aug 6 07:15 AM | 2 Likes Like |Link to Comment
  • Leggett & Platt: Evaluating Its Dividend [View article]
    LEG should be raising their dividend next week. Let's hope it is more that $0.01 per quarter.
    Aug 1 10:29 PM | 4 Likes Like |Link to Comment
  • Dividend Investing Over The Past 7 Years Was Never Easy [View article]
    Mike - I can't think of a company that has eliminated their dividend with the history and current condition of WAG. I also can't think of a company with that history and condition to delay the declaration for a month either. WAG just doesn't feel right to me. They have a year to decide on buying the remaining 55% of Alliance Boots, so why delay the dividend announcement now? I think the smart thing to do is to sell. If the inversion doesn't happen and they raise the dividend it could be a mistake. If the inversion happens it will likely make little difference. If the dividend is eliminated the stock price will drop significantly. If the dividend isn't increased it will be fine to have moved on. The odds are telling me to sell.
    Aug 1 10:14 PM | 2 Likes Like |Link to Comment
  • Dividend Investing Over The Past 7 Years Was Never Easy [View article]
    I think it is possible that WAG is considering eliminating the dividend to help finance the purchase of the remainder of Alliance Boot. In any event, I think it is odd that they would let a month go by without any mention of their intent to maintain the dividend. When (if) WAG-US becomes WAG-UK they may want to change their financial structure. I was considering selling because shareholders would be paying taxes on capital gains with the inversion anyway.
    Aug 1 11:15 AM | 2 Likes Like |Link to Comment
  • Dividend Investing Over The Past 7 Years Was Never Easy [View article]
    I'm second guessing my decision to not sell my WAG shares about a month ago. Could they possibly be considering eliminating the dividend? There IR department won't discuss the status of the dividend.
    Aug 1 09:54 AM | Likes Like |Link to Comment
  • Is Aflac An Ugly Duckling Or A Beautiful Swan? [View article]
    AFL has had a wild ride since 2008. It went from a high of about $67 in May 08 to a low of $17 in Feb 09 and back to almost $68 this year. If you bought in 08 you are unhappy. If you bought in 09 you are ecstatic. If you made a purchase timing mistake in 08, that is not relevant to forming a purchase decision today. Don't focus on where a stock price has been, determine the probabilities of where it is going.
    Jun 8 06:59 AM | 15 Likes Like |Link to Comment
  • The All-Aristocrat Team: Dividend Stocks You Can Trust In An Uncertain Market (Part 4) [View article]
    "Following the spin-off, ADP expects to maintain its current $0.48 quarterly cash dividend per share. Over the medium to long term, ADP intends to return to its pre-separation target dividend payout ratio of 55% to 60%, while keeping intact ADP's 39 year track record of annual increases in its quarterly cash dividend."
    Jun 7 06:49 PM | 4 Likes Like |Link to Comment
  • What Is 'Quality' In A Stock? [View article]
    There is a difference between a quality company and a quality stock. I look for quality companies trading at a quality valuation for investment.
    Apr 25 08:37 AM | 3 Likes Like |Link to Comment
  • What Is 'Quality' In A Stock? [View article]
    DVK - Thanks for the article. I found it very interesting. One person's quality can be another person's junk. USA Today had an article on 4/22 identifying 20 "quality" stocks identified by Sam Stovall of S&P Capital IQ. Here is a link to that article:

    http://usat.ly/1rstcwc

    The article also states that junk has outperformed quality for years. Will the tide turn?
    Apr 25 06:54 AM | Likes Like |Link to Comment
  • Pfizer: It Never Rains, It Pours [View article]
    PFE and ABBV look interesting to me after their pullbacks. Both are trading at about 13.5 times forward earnings estimates. PFE's dividend yield of 3.37% is slightly below ABBV's of 3.42%. Why not buy some of both?
    Apr 9 08:20 AM | 2 Likes Like |Link to Comment
  • Requiem For Fallen Dividend Aristocrats [View article]
    Congratulations on your first post and an excellent question too.

    Looking at the period from 1/31/1972 through 12/31/2012:

    Dividend Growers/Initiators had an annualized return of 9.54% with an annualized return of 22.64% during bull markets and an annualized return of -15.48% during bear markets.

    Dividend-Paying Stocks had an annualized return of 8.75% with an annualized return of 22.93% during bull markets and an annualized return of -17.89% during bear markets.

    Equal Weighted Index had an annualized return of 7.04% with an annualized return of 22.19% during bull markets and an annualized return of -20.97% during bear markets.

    Non-Dividend Paying Stocks had an annualized return of 1.62% with an annualized return of 20.42% during bull markets and an annualized return of -31.15% during bear markets.

    This information is from a report I have from BNY Mellon. The results of a study can be skewed by the period used but I would say that the general trend is valid. In general we can say that dividends are sticky and decline far less than price and that dividend stocks are less volatile.

    Best of luck in your investing!
    Mar 31 10:56 AM | Likes Like |Link to Comment
  • Reduce Your Portfolio's Downside Risk Before The Coming Market Correction [View article]
    Bob – There are certainly reasons to be cautious today and taking a more defensive approach with investments may well prove to be prudent. You also make a wise point that, generally, the older you are the more defensive (conservative) you should be in your investment allocation. This is particularly true if you rely on your investments for a substantial percentage of your living expenses. Conversely, if you are young or have a generational investment philosophy a significant market downturn can be seen as a positive event as it is an opportunity to purchase more shares. Everyone’s situation is unique.

    Personally, I find comfort and optimism in looking at a long-term chart of the stock market using a log scale. There are bumps in the road but the path is higher. If someone doesn’t believe this will continue, they shouldn’t be investing in stocks. We don’t know what the market will do tomorrow, next month or a year from now but I am confident it will be higher long-term. If you have the time, stay invested, buy the dips and let your plan work.
    Mar 31 07:50 AM | 8 Likes Like |Link to Comment
  • Why Aren't The Dividend Aristocrats And Dividend Champions The Same? [View article]
    I believe this is an accurate list of Dividend Aristocrats in 2005:

    Abbott Labs
    Archer-Daniels-Midland
    Automatic Data Processing Inc.
    AmSouth Bancorporation
    ALLTEL Corp.
    Avery Dennison Corp.
    Bank of America Corp.
    Bard (C.R.) Inc.
    Becton, Dickinson
    Anheuser-Busch
    ConAgra Foods, Inc.
    Chubb Corp.
    Clorox Co.
    Comerica Inc.
    Century Telephone
    Dover Corp.
    Consolidated Edison
    Emerson Electric
    Family Dollar Stores
    First Horizon National
    Gannett Co.
    General Electric
    Grainger (W.W.) Inc.
    Johnson Controls
    Johnson & Johnson
    Jefferson-Pilot
    KeyCorp
    Kimberly-Clark
    Coca Cola Co.
    Leggett & Platt
    Lilly (Eli) & Co.
    Lowe’s Cos.
    May Dept. Stores
    McDonald’s Corp.
    McGraw-Hill
    3M Company
    Altria Group, Inc.
    Merck & Co.
    Nucor Corp.
    PepsiCo Inc.
    Pfizer, Inc.
    Procter & Gamble
    Progressive Corp.
    PPG Industries
    Regions Financial Corp.
    Rohm & Haas
    Donnelley (R.R.) & Sons
    Sherwin-Williams
    Sigma-Aldrich
    State Street Corp.
    Supervalu Inc.
    Stanley Works
    Target Corp.
    U.S. Bancorp
    V.F. Corp.
    Walgreen Co.
    Wal-Mart Stores

    Best of luck with your research.
    Mar 30 09:24 PM | 5 Likes Like |Link to Comment
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