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  • MORL Is A 'Too Good To Be True' Investment: Updated  [View article]
    wwu124,

    "why should any person read and follow your investment idea."

    Nobody 'should' do anything. People CAN read D#1's articles for ideas and analysis, and reach their own conclusions. There is no prescription in these articles, only description.
    Mar 23, 2015. 12:40 PM | 1 Like Like |Link to Comment
  • MORL Is A 'Too Good To Be True' Investment: Updated  [View article]
    SeatleView,

    In all the charts at stockcharts.com, if you enter the symbol, you get price adjusted for splits and dividends. This is not readily apparent, but you can prove it to yourself by preceding the symbol with the underline character. Try a sharpchart with MORL, then another with _MORL. Big difference. Same with a perfchart. http://bit.ly/1HneuxL

    I am not convinced that adjustment for dividends captures the full effect of reinvestment for total return. I would have to build a spreadsheet to compare. So far it hasn't been worth the trouble. But it is a better approximation of total return than simply looking at price return.
    Mar 23, 2015. 12:23 AM | 1 Like Like |Link to Comment
  • A Quick Overview Of UBS ETRACS 2X Leveraged ETNs  [View article]
    Fees are more than that. You must include 3 month LIBOR, which currently is 0.26455% [1], for total fees of 1.51455%. 3 month LIBOR is very low now, but it has been much higher in the past [2] and could grow to cause a material drag on these ETNs in the future.

    Average volume is 4100. It looks like there was exactly one trade last Friday.

    This could be a good way to get some total return if you can actually get a trade during a market panic.

    [1] http://bit.ly/1OpaAJZ
    [2] http://bit.ly/1OpaAK3
    Mar 23, 2015. 12:10 AM | 1 Like Like |Link to Comment
  • Mr. Valuation's Best Ideas For Retirement And Dividend Growth Portfolios: Emerson Electric  [View article]
    SkiDad13,

    I compute dividend growth rates based on comparing the most recent period's dividend (quarter, month, whatever) to the dividend paid in the corresponding period either 1, 3, or 5 years ago. Using this method, and the correct dividend of $0.335 paid in the corresponding period 5 years ago, the CAGR is 7.007%, which was mentioned above.

    I usually rely on Morningstar for bulk statistics of the various portfolios I track, so if I had not actually run the numbers myself in a spreadsheet, I would not have known that the 5 year CAGR reported by Morningstar as 5.44% is serious off the mark.

    I keep a 5 year dividend history on every stock I own, so I am not reliant on the sometimes questionable dividend histories on web sites like dividend.com or Yahoo Finance. Even Morningstar and FAST Graphs are not always correct, and RAS's web site has been known to harbor the occasional mistake. Nobody is perfect ;-) And sometimes I want a dividend history that is not on the CCC list or RAS's site, such as for George Schneider's Fill The Gap portfolio.
    Mar 22, 2015. 11:44 PM | 3 Likes Like |Link to Comment
  • Prospect Capital Corp.'s Dividend And NAV Sustainability Analysis (Post Fiscal Q2 2015 Earnings) - Part 2  [View article]
    mike elliott,

    The only **sustainable** long term help for FSC longs is a conversion to internal management. The hedge fund fee model used by the present management puts management's interest before owners' interest. I do not hold out hope for this conversion happening any time soon.
    Mar 22, 2015. 02:29 PM | 1 Like Like |Link to Comment
  • Mr. Valuation's Best Ideas For Retirement And Dividend Growth Portfolios: Emerson Electric  [View article]
    SkiDad et al,

    The 2010 10K says EMR paid $1.34 in dividends in 2010. But if you total the dividends reported in the 10-Qs you get $1.35. The problem is most likely that the 10-Qs do not have ex-div dates or pay dates.

    I normally use Morningstar but the first dividend of 2010 had already rolled off their web site when I added EMR to my dividend spreadsheet, so I derived my number by working backward from the $1.34 total from the 10-K and subtracting out the amounts reported by Morningstar by pay date.

    Anyway, a printed statement seals the deal. Thanks for the revised info.
    Mar 22, 2015. 01:25 PM | Likes Like |Link to Comment
  • Take These Dividends And Call Me In The Morning: Inoculation For A Bear Market  [View article]
    AA

    "Are higher dividends so important to us than someone's well being and their life?"

    You would have a valid argument if ownership of big tobacco had any effect on anyone's behavior. The fact is that your argument is not valid because there is no such cause and effect relationship.

    Smokers always have the choice to stop smoking if they wish. I did. Their continued smoking is voluntary. Those for whom you have concern do not deserve it. Save your concern for innocent victims, like non smokers who are sickened by second hand smoke that they cannot avoid.
    Mar 22, 2015. 12:51 PM | 3 Likes Like |Link to Comment
  • MORL Is A 'Too Good To Be True' Investment: Updated  [View article]
    COBeeMan,

    "I'm taking advantage of the fear about oil."

    Please explain. Inquiring minds want to know.
    Mar 22, 2015. 02:36 AM | Likes Like |Link to Comment
  • A Quick Overview Of UBS ETRACS 2X Leveraged ETNs  [View article]
    I checked with ISE, the providers of the index linked to by CEFL. No dice. A new S&P sector is bound to attract ETPs, so it is probably just a matter of when, not if.
    Mar 22, 2015. 02:34 AM | Likes Like |Link to Comment
  • Mr. Valuation's Best Ideas For Retirement And Dividend Growth Portfolios: Emerson Electric  [View article]
    The most recent quarterly dividend was $0.47. Five years ago it was $0.325. That is a compound annual growth rate of 7.66%. My source is EMR's SEC filings. Nothing else is authoritative.
    Mar 21, 2015. 12:34 PM | 3 Likes Like |Link to Comment
  • A Quick Overview Of UBS ETRACS 2X Leveraged ETNs  [View article]
    Ditto about Wells Fargo. That is why I started an account with Fidelity. No paternalism there.

    I don't drip my ETN distributions. I accumulate cash and buy what looks best, ETN or stock.
    Mar 21, 2015. 12:31 PM | 3 Likes Like |Link to Comment
  • Take These Dividends And Call Me In The Morning: Inoculation For A Bear Market  [View article]
    Rick CO,

    I do not have the entire FTG portfolio but I do subscribe to the strategy, including a store of dry powder. Earlier this week I used some of my dry powder to buy EMR, which with falling price has become a good opportunity. If you are not familiar with EMR, take a look at Chuck Carnevale's recent article[1].

    Long T, MAIN, OHI, EPR, O, HCP, MO. I was inspired to buy T by the author. Thanks, George!

    [1] http://seekingalpha.co...
    Mar 21, 2015. 12:22 PM | 1 Like Like |Link to Comment
  • Take These Dividends And Call Me In The Morning: Inoculation For A Bear Market  [View article]
    AA,

    You have not thought it through.

    There is no connection between either owning a tobacco stock, or NOT owning a tobacco stock, and anyone's behavior regarding tobacco use. To reiterate, there is no cause-and-effect relationship in either position. You may feel virtuous for not owning big tobacco, but if you do, your feelings are not grounded in reality.

    Those of us who own big tobacco are paid generous dividends, which help defray the cost of our health care. Our health care would cost less if nobody smoked. Smokers owe us the money.
    Mar 21, 2015. 12:12 PM | 15 Likes Like |Link to Comment
  • Mr. Valuation's Best Ideas For Retirement And Dividend Growth Portfolios: Emerson Electric  [View article]
    Chowder number is 10.98.
    Mar 21, 2015. 11:19 AM | Likes Like |Link to Comment
  • Mr. Valuation's Best Ideas For Retirement And Dividend Growth Portfolios: Emerson Electric  [View article]
    pvonk,

    I compute the chowder number as 3.32% current yield + 7.66% 5 year DGR = 10.98.
    Mar 21, 2015. 11:17 AM | 4 Likes Like |Link to Comment
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