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stevensmithfinance

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  • Adversity Was Bittersweet For This REIT [View article]
    An additional resource is their preferred yielding 6.27% at it's slight premium price. It's cumulative preferred called at GGP's option after 2/2018.
    Apr 10, 2015. 03:45 AM | 1 Like Like |Link to Comment
  • Gramercy Property Is Well Positioned To Deliver Something Special [View article]
    I've gone with the cumulative preferred. Selling at a premium so effective yield is 6.78%. That fits my situation currently. I'm retiring and still have a mortgage to meet each month for another 6 years. I did the same (bought the preferred) with DLR.
    Apr 3, 2015. 11:17 PM | 1 Like Like |Link to Comment
  • Building The Ultimate $100K Income Portfolio [View article]
    jimmy37 - http://bit.ly/1A6xpKK has a good free tutorial. Don't get sucked in by the fantastic yields on the sample home page - virtually all the samples shown are dogs of companies. You should select companies for covered calls like you would for dividend growth - you want to hold it for a long time because in a downturn; you may have to. Also a web search for "covered call" would also help you.

    $17k cash??? Recommend you put in a preferred stock fund/ETF like JPS or PFF. Yield is around 7% versus nothing. They pay monthly so the holding is only for a couple of weeks. JPS pays around the 10th of each month; PFF pays around the 24th. Both have low betas (~.3). They would generate around $75 a month after transactions. (Yes I know the price drops on the ex-divy date but bounces back). Would not use when the FED finally bumps interest rates around mid 2015 - a quarter percent and the market will vastly over-react. Not a big income but I'd bend over to pick up a $75 bill. Good spot for the covered call premiums and dividends while building up to a 100 share purchase for option purposes.
    Dec 29, 2014. 10:01 PM | Likes Like |Link to Comment
  • Citigroup May Pay Out $2 Dividends Within 5 Years [View article]
    It's been frustrating to wait on Citi and BAC to get out of the financial doghouse. I'd like to see a little more in depth regarding current/future settlements and lawsuits before I jump aboard. The capital appreciation will be great when finally in the clear.

    I'll stick with WFC and Royal bank of Canada, RY, for now.
    Dec 23, 2014. 04:56 PM | 1 Like Like |Link to Comment
  • Best S&P 500 Energy Stocks According To Graham Principles: ConocoPhillips [View article]
    Regarding oil service companies like NOV, HAL, HP, SCHLUMB (can't remember symbol off top of head); capital expenditures are going to be down across the board for the next fiscal year as stated by COP and others. I'd wait on those companies until a "production" recovery occurs. Price recovery - which will help the producers near term low values - will come up before they ramp up production. Refiners like PSX and Valero are/will stay at pretty much maximum capacity - a great value. The big guys - XOM, CVX, COP and others have the cash and flexibility to weather the storm. Pipelines like ENB and KMI will still transport and continue to expand through acquisition.
    Dec 23, 2014. 04:38 PM | Likes Like |Link to Comment
  • It's New! It's Nifty! It's The Dividend Growth 50! [View article]
    Enjoyed the articles and the comments. I'm not much of a commenter here on SA("better to be thought a fool than opening one's mouth and confirming it - favorite saying of mine).

    Copy and pasted into Excel and the links from the stock symbols are live to the current valuation and articles here on SA for the stocks. Very cool.

    Strictly for recreational purposes; I'll compare my "brilliant" portfolio shuffling versus buy and hold. I've reduced my thrashing as I've gotten older/smarter? through reading on this site. Currently 17 of my 25 positions are on your project. Perhaps I'm doing something right.
    Dec 18, 2014. 08:08 PM | 1 Like Like |Link to Comment
  • Sandridge Mississippian Trust II Units Are Undervalued After Recent Price Decline [View article]
    Bad news coming right up. Check out Reuters article on land dealing: http://reut.rs/WBoLlz

    Tom Ward and son have a nice arrangement going. Other tidbits: Major hedge fund investors, TPG-Axon and Mount Kellett, along with California pension fund CalSTRS are pressing for action regarding less than ethical practices regarding the land deals. Shades of Aubrey McClendon (soon to be late of Chesapeake) - Ward recently sold his personal Thunder (OKC NBA team) tickets to the company for $280,000. Not in the same league as Aubrey selling his map collection for $12 million but same idea. He also got $1million from Sandridge for "personal" accounting services last year in addition to taking $70million out of the company the past 3 years. Don't shed a tear for Tom though; he has a $97million golden parachute in place.

    You might make some short term flips for profit but Sandridge is not something for a widow-and-orphan fund.
    Feb 9, 2013. 03:46 PM | 1 Like Like |Link to Comment
  • Hormel Foods Corp. Dividend Stock Analysis [View article]
    Please don't be blinded by the low dividend yield unless you are on a fixed income and have to have the cash. HRL was up a combined yield and price appreciation of 21% last year vs SDY/SPY; up "only" 17.07%/15.45%. Same story over a two and three year period with HRL outpacing the S&P 500 ETFs substantially. And, and, and - a Chowder score of 17 (yield + 5yr div growth rate >=12 is very good). Thanks SA contributors Chowder and David Fish. Note that figures for gains were from dates mid-Jaanuary and might be slightly different based on dates you select.

    Also, EPS payout ratio is 36.56%, Free Cash Flow payout is 76.85. That indicates future dividend rate increases are likely and sustainable.
    Feb 1, 2013. 02:37 PM | 1 Like Like |Link to Comment
  • General Electric: 'Global Gorilla' Transforms And Delivers [View article]
    I'm a D&G investor. My spreadsheet, partially cribbed from other members here (D4L, David Fish, F.A.S.T., etc - thanks) looks at total return over the past three years as an initial screen. Why would I own a stock that doesn't perform as well as SDY or SPY on a total return basis? It's hard to beat the Index. Here's GE vs. same over the past three years. (year ago, 2 ago, 3 ago dates are around the end of the 2nd week of Jan - same dates for all 3). Gain is % stock price to current, not yr to yr.

    SYM DIV GAIN 1 YR GAIN 2 YR GAIN 3 YR
    GE 3.45 16.99 20.50 32.73
    SPY 2.09 14.98 16.67 34.59
    SDY 3.13 12.41 17.90 30.06

    Others pointed out - if you didn't gain since the 07-08 meltdown, you're a dog. The small chart shows the pretty much flat 2011 for the S&P.
    GE shows up as a leader especially if you add in the dividend.

    Here is Intel as a dog:
    INTC 4.24 -15.47 1.05 2.02
    OUCH!

    Here is Union Pacific Railroad as a KILLER:
    UNP 2.08 20.74 44.47 109.04
    Oh for a time machine.

    Yes, check debt, revenue, dividend, accounts receivables growth, etc.

    Disclaimer - Not a certified financial guru, not your financial guru, YMMV.

    Apologies if things didn't format so well.
    Jan 21, 2013. 10:44 PM | Likes Like |Link to Comment
  • 7 Dividend Stocks With Room To Increase Their Payout [View article]
    Nacco Ind. (NC) is out of the materials handling business. It was spun off on September 28, 2012 as an independent public company, Hyster-Yale Materials Handling, Inc. It currently has an odd mix of coal mining, kitchen appliances (Hamilton Beach), and retail kitchen items (Kitchen Collection).
    Jan 15, 2013. 11:57 AM | 1 Like Like |Link to Comment
  • Forgo The Risk Of Intel For The Same High Yield Of Dow Chemical [View article]
    Microsoft has always been poor on hardware side. It's a miniscule portion of MSFT revenue. The Surface seems to be more of a technology demonstration for WIN 8 rather than a core product. Lots of hype but no actual sales figures. Not a boost to Intel in summary.

    Intel just announced the CEO is stepping down. No lead up to it, just out-of-the-blue. This is a red flag for many investors (not me).

    I'm holding my Intel due to its still large lead in future technology. They are a generation ahead in actual production items and R&D spending points to maintaining its moat in chip size, heat and enery reduction. Plus they make a lot more than PC chips. Not adding however.
    Nov 19, 2012. 12:14 PM | Likes Like |Link to Comment
  • Cramer's Picks: 1 To Buy, 2 To Sell [View article]
    DVN has made significant strides towards more liquids in the production mix without giving up significant gas properties. This is unlike its more "theatrical" cousin, Chesapeake. Here in Okie land, DVN and Sandridge are the better run companies according to insiders in the industry.
    Apr 26, 2012. 02:07 PM | Likes Like |Link to Comment
  • Don't Blunder Like Buffett: How Rookie IRA Investors Can Make Him Pay Dividends [View article]
    I've gone the covered call route for a year and a half. Not really much movement. Buffett kicked the price back up from below $70 with his repurchase last fall. The Put sell has qualities as well. You tie up slightly less cash.

    Remember with either strategy, you really should like the company, not just because of the premium or relatively flat pricing. Always perform due diligence.
    Apr 25, 2012. 04:28 PM | Likes Like |Link to Comment
  • 5 High Dividend Yield Stocks With Inventory Red Flags [View article]
    Also should note that the last quarter, indeed the whole winter, was very mild. I would expect utility revenue to be flat or fall. I see no red flags on the energy companies. On the other hand, the consumer products company isn't moving any product.
    Apr 11, 2012. 05:20 PM | Likes Like |Link to Comment
  • Can These Natural Gas Stocks Live Off Oil Until 2015? [View article]
    A few things - I'm an Okie and you may be understating CHK's problems. From my look at the company and their recent actions, survival is not a sure thing. Debt is not under control. It may take a fire sale to keep the company afloat.

    Oil, NG, and gasoline are world commodities. As your graph pointed out, the Japanese would pay dearly for NG. We (the US) have been net exporters of gasoline for the last few months. It's worth more to the multinational companies to export and gain a higher price for it. Yes, pump prices seem expensive based on our US perspective but not compared to the world market.

    I see positive steps for the return of "better" NG prices; many mentioned above. Areas include the LNG facilities coming on line, old dirty coal plants being retired with NG replacements, Westport WPRT and Cummings CMI coming on line with heavy truck engines, CLNE building out a network of filling stations. It takes time. I'd wait for a stronger price move (or a much colder winter) before investing in the production companies. It is an opportunity to get in at the bottom.

    I prefer pipeline and integrated oil companies right now. They get paid whether pumping oil or NG. I'm long in CPO, TOT, and a reverse NG play - UAN (fertilizer from NG process, benefits from low NG prices).
    Mar 2, 2012. 03:58 PM | 1 Like Like |Link to Comment
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