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  • Realty Income Corporation: A Dividend Powerhouse [View article]
    Josh, thanks for clarifying some questions about REITs and their capital structure, as well as risks associated with them. Great read.
    Dec 17, 2014. 05:37 PM | Likes Like |Link to Comment
  • A Few Financial Concerns About Philip Morris International [View article]
    Rich, you are outstanding source of information and investment strategies.
    Dec 13, 2014. 12:38 AM | 3 Likes Like |Link to Comment
  • The Importance Of Return On Capital [View article]
    Henry, I really enjoyed this article. ROC has always been mystery to me, particularly a definition of Invested Capital that is not always straightforward and intuitive.
    However, I have to notice something that I find wrong IMO. Your Numerator (Free Cash Flow) contains paid interest rate. As I understand that expense shouldn't be calculated into the numerator because that makes ROC a skewed measure. That way you favorite the companies with lower debt on their balance sheets compared to those with big debt burden and therefore big interest payment. Don't you agree?

    Dec 12, 2014. 11:32 PM | Likes Like |Link to Comment
  • The Monthly Dividend Company Is Doing Just Fine [View article]
    Steve, I understand that REITs are generally very sensitive to changing interest rates, but as I see the capital structure of Realty Income tells me that their debt is only 1/3 of the capital. Besides that, most of the debt is long term debt, so I don't see why is $O so sensitive even on a talk of an increase in interest rates. Maybe I am missing something.
    Dec 12, 2014. 10:03 AM | Likes Like |Link to Comment
  • Discount Higher Yields At Your Own Peril [View article]
    @greg - I own BP and I am proud on it. I particularly love when BP sends that big check to me every 3 months.
    Nov 21, 2014. 04:53 PM | 1 Like Like |Link to Comment
  • Quit Chasing Silly Rabbits And Invest For The Long Run [View article]
    You haven't found anything attractively priced to put your money in the last 18 months? Than we must be living in a different world. But who am I to tell you what to do with your hard-earned money. Anyway, I would suggest to you to read SA contributor Chuck Carnevale. I think that his articles in the last 18 months have the answer to your dilemma.
    Nov 19, 2014. 01:14 PM | 1 Like Like |Link to Comment
  • Quit Chasing Silly Rabbits And Invest For The Long Run [View article]
    I agree with Ta0 completely. That's the way how I handle both of my Dividend Growth accounts.
    Nov 18, 2014. 11:14 PM | 2 Likes Like |Link to Comment
  • Reinvesting Dividends Turbo-Charges Total Returns And Helps Protect Against Market Panic [View article]
    Great article Dave. Too bad, I find it that many professionals in different non-financial fields confuse day-trading and speculating with investing.
    I printed this article out and will use it to factually counterattack the notion of many of my friends/coworkers who claim that "lost decade" proves undoubtedly how investing in stock market is risky game and therefore stupid. Unfortunately for them, they only see flashing stock prices but don't engage in any effort to see long term benefits of being a partial owner of many American businesses.
    As Sherlock Holmes said to Dr. Watson in his famous remark: "Watson, you see but you don't observe".
    Nov 12, 2014. 03:33 PM | 5 Likes Like |Link to Comment
  • Why Everyone Should Open A Roth IRA Soon After College [View article]
    Daniel, this is a good and informative article. However, IMO, I think that your analysis has one major flaw - assumptions that in 40 years withdraws from Roth IRA plans won't be taxed. I think that you trust Washington way too much, particularly having in mind the way that country is going toward the more collectivist type of society. Think about it.

    As you pointed out in your article "considering the likelihood that tax rates will rise in next 40+ years give the size of the national deficit" I think that we can agree that Washington will be compelled to find a way to get additional resources to fund aggregated liabilities. I strongly believe that in that scenario they won't let withdraws from trillions and trillions $ on private Roth accounts stay untouched. The question to me is not if that going to happen, but when.

    To me the better solution is IRA because it lets me get away with taxes NOW. That's something what is for sure and that certainty gives the IRA an advantage over Roth. What will be tomorrow, I am not so sure.
    Oct 22, 2014. 03:17 PM | 1 Like Like |Link to Comment
  • What You Must Be Prepared For If You Are A Microsoft Long: (Post Nadella Remarks) [View instapost]
    Political correctness fascism has gotten out of control in US. What is this country turning into?
    Oct 10, 2014. 02:18 PM | 2 Likes Like |Link to Comment
  • Is Altria A Solid Dividend Pick? [View article]
    Jsijimmy, I would expect that work the other way around. No logic that something that doesn't have anything with company operation is counted as Operational Cash flow. Anyway, thank you.
    Oct 7, 2014. 08:57 AM | Likes Like |Link to Comment
  • Stop Using The 'All-Time High' Excuse [View article]
    As always, great article Eli! When I see that funny and misleading phrase "stocks are at all time high", the first thing that pops on my mind is one of prominent SA commentators here. I really respect his input and financial success he achieved but he has grossly overused that phrase. But, to each his own. Thanks.
    Oct 3, 2014. 01:28 PM | Likes Like |Link to Comment
  • Is Altria A Solid Dividend Pick? [View article]
    Great article on MO. Very informative.
    I have one question though and it's related to accounting part. In MO "10-K Filing for 2013" table you put up I can see that they count an investment in SABMiller as a part of Operating cash flow?! That confuses me a bit. Isn't that a part of Investment Cash flow and should be reconciled there?
    Oct 3, 2014. 12:41 PM | 1 Like Like |Link to Comment
  • 3M: An Outstanding Company With An Excellent Future [View article]
    I am completely baffled after reading this article.
    Sep 30, 2014. 10:21 AM | 2 Likes Like |Link to Comment
  • Why I Agree With (Some Of) Friedrich Hayek [View article]
    Skip, if anything was weak here - that was your response. Lost argument. Next!
    Sep 24, 2014. 05:16 PM | 1 Like Like |Link to Comment