dennis mccain
  • Home
  • Investing
    • Dividend Kings
    • Div Aristocrats
    • Div Champions
    • Business Dev Cos
    • Monthly Dividends
  • Options
    • Weekly Options

Investing

Ideas and Strategies on Investing.

Previous Articles

Fundamental or Technical

7/30/2015

0 Comments

 
Most investors fall into one of two categories. Some consider themselves Fundamental Analysts while others consider themselves Technical Analysts. Each group tends to argue that their investing perspective is better and more effective without ever attempting to understand or appreciate the merits of the other perspective. Similarly, both methods claim to have the best ability in both identifying those stocks that are undervalued and worthy of owning and those stocks that are overvalued and worthy of selling. And both methods claim that the other method is somewhat useless in identifying anything worth investing in except by accident. Both sides can’t be all right and both sides can't be all wrong. 

I personally have never taken a side in this argument and have never fallen into that trap. I have attempted to understand both methods and I have used both methods for different reasons. But what are these two ways of analyzing investments?

Fundamental Analysis. This method focuses on the fundamental aspects of a company to determine it’s intrinsic value and then compares that value to its stock market value as determined by its stock price multiplied by its number of outstanding shares. It does this by looking at the company’s income statement, balance sheet and cash flow. This will include revenues, cost of revenues, operating expenses, non-recurring events, net income, assets vs liabilities, operating activities, effects of exchange rates, etc. You virtually need an accounting degree to understand all of those things. And then you have to compare all that to what a bunch of guys in NY have priced the stock to determine if it’s a worthy buy. And then do it all over again to determine if it’s a worthy sell. It’s a lot of work.

Technical Analysis. This method focuses on the technical aspects of the price of the stock and ignores all those fundamental aspects of the company. It analyzes the movement of just the stock price and tries to predict its future movement, either up or down. It does this by studying stock charts for repetitive and reproducible movements, both up and down. It then tries to determine if the stock has moved up too high or too fast and declares it to be overbought and therefore should be sold. Conversely if a stock has moved down too low and too fast it is declared oversold and needs to be bought. Technical analysis also looks at stock indicators like RSI, MACD, Stochastics, Moving Averages, Bollinger Bands, Channels, Pivot Points, Envelops, Clouds, Resistance Levels, Gaps, Candlesticks, Volume, etc., for additional insight into the future movement of the stock price. It can all be very confusing and intimidating. It’s amazing to me that a pure technical analyst doesn’t even need to know the name of the company or the business it’s in, he just needs to know the stock symbol in order to make the trade.

So here’s what I like to do. I use fundamental analysis when I first screen candidates to determine companies that have those quarterly and annual increases in sales, earnings and dividends that I like so much. By doing this I narrow down the number of candidate on which I need to do further research. Remember, there are approximately 15,000 stocks listed on the various exchanges and I can’t possibly look at all of these. I like to use as much help from as many sources as I can find like those I posted in an earlier post titled “Finding the Right Stock”. 

Once I get a reasonably short list of candidates using fundamental analysis, I like to use all the capabilities of technical analysis with its use of charts and indicators to determine the specific timing of my buys and sells. I’ve learned over time that fundamental analysis is best for determining the types of companies and businesses to own but technical analysis is best for determining the specific timing of my buys and sells. And often timing here, as in many other things in life, is everything.
Picture
0 Comments

Finding the Trend

7/29/2015

0 Comments

 
When I’m researching stocks I'm not only looking at the fundamentals, I'm also looking closely at the charts. And when I study charts, I like to see several indicators displayed on each chart. One of the indicators I like to see is a set of three multiple moving averages (MA). My favorites are the 5, 10 and 20 period MAs. 

On a daily chart that would consist of the 5-day, 10-day and 20-day MAs. On a weekly chart that would be the 25-day (5 weeks), 50-day (10 weeks), and 100-day (20 weeks) MAs. This orderliness works best for me because I like the symmetry of the 10 period MA being twice as long as the 5 period MA, and the 20 period MA being twice as long as the 10 period MA. This just seems more balanced and proportional to me and I like how the relationships between these moving averages develop over time. Fortunately for me and the idea of simplicity, the Bollinger Bands includes the 20 period moving average so by using this indicator I get both the 20 period MA and the Bollinger Bands themselves.
“If you want to know everything about the market, go to the beach. Push and pull your hands with the waves. Some are bigger waves, some are smaller. But if you try to push the wave out when it's coming in, it'll never happen. The market is always right.”   
---  Sunny J Harris, Author and Professional Trader.
In a strong up market I’d ideally like to see the stock price above the 5 period MA which would be above the 10 period MA which would be above the 20 period MA. In a strong down market I would like to see just the opposite type of movement. Unfortunately this rarely happens this neatly and the price and the MAs are often in some phase of total disarray. The key is to figure out whether this is simply the volatility of the marketplace, the less than desirable strength/weakness of the underlying equity, or the fact that the equity may be moving from a period of trending into an area of consolidation. This is often not an easy thing to determine.

Being a chart reader rather than a price predictor, I tend to let trends develop (whether up, down, or sideways) before making a buy or sell decision. As a result, I often get involved in most of my trades late on purpose. I don’t have a problem with this strategy because I’d rather be late than wrong.

One of my favorite entry points is after a stock’s price has moved down and all of the above three MAs have moved down in the right order along with it (5-day below the 10-day and 20-day MA). I usually find these situations while scanning the charts for MACDs that are below zero, a MACD Histogram that is moving upward, and a MACD that is about to cross its signal line. When I see this occurring, I look at the stock chart to see if the stock’s price and MAs are doing what I expect of them.

When the MACD Histogram crosses zero (and the MACD crosses the signal line) I expect to see the price surge through the three MAs. As the price pierces those averages they will begin to twist and turn on each other and hopefully reverse their order completely. Then as the price continues to move up I simply hold on for the ride while simultaneously watching the three MAs as they interact with each other. (I use just the opposite information to determine exit points).

Two other indicators I usually like to plot along with the ones above are the ADX and the RSI. I use the ADX to let me know the strength of the movement and whether the pressure is coming from the buying or the selling side. I use the RSI to provide me with a heads up on whether the stock is being overbought or oversold. I use these two indicators as confirmation of the first two indications identified above (the MACD and the MA Crossover), and I use the two above as confirmation of the price movement of the stock. Sounds simple, right?

Picture
When everything above is moving in the same direction (up, down, or sideways) I invest appropriately. My investing philosophy is based upon probabilities and trends. If a stock price is moving in a direction that is confirmed by all of the indicators above (whether up, down, or sideways) then that stock is moving in a trend. 

Probability says that the trend will most likely continue for some time. In fact, as dumb as this sounds, the trend will continue until it doesn’t. And I will stay in sync with that trend until that trend changes. If it’s trending up I want to be long. If it’s trending down I want to be short. If it’s trending sideways I want to maintain my position (in or out) until I can determine whether an uptrend or downtrend is being established. Finally, when the chart tells me things have changed, I also change my investments to always remain in sync with the market.

Here's why. 

Being in sync with the market is how investors make money. Being out of sync with the market is how investors lose money. And for my way of thinking, making money is the whole point of investing.

Picture
0 Comments

Defining Success

7/27/2015

0 Comments

 
Picture
 This may be an oversimplification of how to attain a successful life but I’m convinced that most people over think these kinds of things and tend to make life a lot more difficult than it really has to be. 

 Life is easy -- It's people that make life difficult.

Step 1. Get the best education as you can afford and get the most education you can stand. And get that education early before your life really gets going because life always seems to get in the way of the pursuit of education. I’m not sure why that’s the case but it is.

Step 2. Get the best job you can possibly find. Most people will roll their eyes and say there just isn’t enough good jobs available but a good job is any job that will provide you with an honest living and keeps you employed over a number of years. It’s the one thing that’s going to occupy the biggest part of your life (along with sleep) so you better put as much effort into it as you possibly can. It’s the one part of your life that will support the rest of your life.

Step 3. Most importantly, save and invest your money. I know. That sounds like two things but they’re really one in the same. I guess you could shorten it to just invest but the key here is to make your money work for you. I’ve chosen the stock market for myself but you could do virtually the same thing with real estate, rental properties, etc.

 If you do all three of these things people will arrive at your funeral and talk about what a very successful and lucky person you were in life. They will talk about how it was all so easy for you and that you were the exception to the rules. Don’t worry about all that petty jealousy. Undoubtedly those individuals all made the wrong choices in life and wasted away their time on things that never amount to anything. They'll only be at your funeral to find out how much inheritance is going to be given to them. Fool them all by leaving them each one dollar so they can't contest the will, and then find that one special relative who is as smart as you are and who will take care of, and grow, your wealth. 

Picture
0 Comments

Making Money in a Down Market

7/26/2015

0 Comments

 
This past week has been very damaging to a lot of investor's accounts.  It's obvious if looking at the chart of the DJIA or the charts of the individual 30 stocks making up the DJIA. Right now 20 of the 30 stocks are below their 50 day moving average and the other 10 are close to their 50 day moving average and falling fast.

Anyone in this market today, whether they're in it for capital gains or the income, has seen their accounts suffer this year. As of Friday's close, the DJIA is down 255 points, or almost 1.5%, since the beginning of the year. And unless those accounts received an equivalent amount in dividends, then the overall wealth in those accounts is decreasing. And that  means that the typical investor would have been better off simply withdrawing their money and hiding it in the mattress. 

Picture

So what kind of investor can make money in this type of market and still sleep at night? Dividend Growth Investors. These investors aren't particularly happy with what's happening in the market but they're the investors that bought stock in companies that had a history of growing their dividends. As long as those dividends continue to grow, they're not overly worried about the volatility of those individual stocks. They know that as long as the companies they invest in continue to increase the bottom and top lines and, more importantly, increase the dividend each year, they're on plan. And they're sleeping good at night. In fact most of the dividend growth investors are probably noticing the low prices and trying to figure out how to take advantage of those low prices by buying even more. 

The other kind of investor that's making money in this type of market is the swing trader who's trading ETFs of the S&P500. Those ETFs have been swinging 2% - 3% each month. For those that are agile enough to make those types of trades it's been a very lucrative business. 

For the most part I'm a Dividend Growth Investor with a philosophy of "Buy, Write, Collect" which outlines how I buy dividend growing stocks, write options against those shares, and then collect the dividends. But I'm also a swing trader with ETFs that mimic the S&P500 index. Knowing which system to use in which situation is the secret. For that I use momentum indicators. Any discussion of momentum indicators is beyond the scope of this article, but if you read a number of other articles listed in the INDEX section of this site you'll see some of the strategies I use that include momentum indicators. 


Picture
Stocks Below Their 50 Day Moving Average
Stocks Above & Falling
Apple Inc
American Express
Caterpillar
Chevron 
DuPont
General Electric
Goldman Sachs
IBM 
Intel
Johnson & Johnson
McDonalds
3M
Merck
Microsoft
Pfizer
UnitedHealth
United Technologies
Verizon
Walmart
Exxon Mobil
Boeing
Cisco
Disney
Home Depot
JP Morgan
Coca-Cola
Nike
Proctor and Gamble
Travelers Insurance
VISA
Picture
Picture
0 Comments

Whirlpool Today

7/25/2015

0 Comments

 
Picture
The Whirlpool Corporation is the largest home appliance maker in the world today. It got that way by swallowing up many of the other home appliance manufacturers over the years. Today the company markets appliances under the brands Whirlpool, Maytag, KitchenAid, Jenn-Air, Amana, Gladiator GarageWorks, Inglis, Estate, Brastemp, Bauknecht and Consul.  

Whirlpool also manufactures certain appliances under the Kenmore label for Sears Holdings Corporation, Inglis appliances for Best Buy stores, IKEA brand appliances for IKEA, Top Load laundry appliances for Crosley and Admiral appliances for Home Depot.


  • Whirlpool is the world wide leader in the manufacture of home appliances and the company manufactures those appliances under all the leading brand names.
  • Poducts are intertwined with the new housing industry and the home improvement industry, both of which are steadily improving.
  • Estimates for revenues, earnings and dividends are all dramatically improving in the next two years.
  • Freeze-dried ice cream was developed by the Whirlpool Corporation under contract to NASA for the Apollo missions.

Picture

Whirlpool Corporation manufactures and markets home appliances and related products worldwide. The company’s principal products include laundry appliances, refrigerators and freezers, cooking appliances, dishwashers, mixers, and other portable household appliances. It also produces hermetic compressors for refrigeration systems. The company markets and distributes its products under various brand names, including Whirlpool, Maytag, KitchenAid, Jenn-Air, Amana, Roper, Estate, Admiral, Gladiator, Inglis, Acros, Supermatic, Consul, Brastemp, Eslabón de Lujo, Bauknecht, Ignis, Laden, Polar, and Privileg in North America, Latin America, Europe, the Middle East, Africa, and Asia. It sells its products to retailers, dealers, distributors, builders, and other manufacturers. Whirlpool Corporation was founded in 1898 and is headquartered in Benton Harbor, Michigan.
(Summary) (Company) (Daily Chart)

Once simply just and American appliance company, Whirlpool today is truly an international company with nearly fifty percent of its revenues originating outside of North America. Going forward there are significant opportunities for continued international growth where populations are high but appliance penetration rates are low. And as economies improve, Whirlpool is well positioned to take advantage of both the ongoing upswing in housing sales as well as the trend to update older homes with new appliances. 

This demand in housing and home improvement is global but it's being led by strong demand in the United States. In Europe, Whirlpool sales have recently stabilized and have now begun to increase as the ongoing economic turnaround begins all across the continent. In the emerging markets, and particularly in India, Whirlpool is continuing to manage with some success the rampant inflation and currency fluctuations that are impacting consumer sentiment in those countries. Brazil, as well as thirty-five other Latin American countries, continue to experience a strengthening domestic market combined with a rising middle class. This middle class now has an increasing level of discretionary income that most likely will be spent on homes and home improvement projects. Finally, in China Whirlpool will continue to experience continued excellent growth as their economy continues to grow.


The Fundamentals

22 June 2014
Price $138.87
1yr Target $172.38
Analysts 8
1yr Cap Gain 24.13%
Dividend $3.00
Yield 2.16%
1yr Tot Return 26.29%

Market Cap $10.80 Bil
1yr EarnGR 102.37%
3yr EarnGR 8.62%
5yr EarnGR 13.23%
1yr DivGR 25.00%
3yr DivGR 13.13%
5yr DivGR 7.76%
Payout Ratio 32.85%
Beta 1.67
EPS (ttm) $9.13
EPS next yr $14.11
P/E 15.21
PEG .73
Debt/Equity 0.64
ROA 4.70%
ROE 15.30%


 July 2015
Price $178.36
1yr Target $216.63
Analysts 8
1yr Cap Gain 21.45%
Dividend $3.60
Yield 2.01%
1yr Tot Return 23.46%

Market Cap $14.03 Bil
1yr EarnGR -20.22%
3yr EarnGR 17.66%
5yr EarnGR 13.48%
1yr DivGR 20.00%
3yr DivGR 14.31%
5yr DivGR 11.76%
Payout Ratio 42.15%
Beta 1.67
EPS (ttm) $8.54
EPS next yr $15.25
P/E 20.89
PEG 1.09
Debt/Equity 0.96
ROA 3.90%
ROE 13.50%


Picture
Picture
PictureClick to Enlarge
A Look at the Chart

When I looked at the price chart of WHR in June 2014 the stock was stuck in a range near $140 per share and, based on forward looking estimates, it looked like it was about to take off. And it did. All the way up to $215 per share, way beyond the estimated one year estimate. Once it shot through this estimate an investor should have realized that it was time to stop buying and possibly sell those shares because all the gains had already been made. Basically the share price got ahead of itself. 


It's now backed down off its high to a level near last years estimated capital gain. Looking at todays forward estimate $216 per share, this looks to be a good share to buy again. In addition, the RSI, MACD and Stochastic indicators are showing a stock that's moving higher. With past support levels around $155 per share it can be seen that as the stock pulled back to the $159 level support came in and pushed the stock higher. 


I don't think the stock will fall back into support below $160 again but I could easily see the stock rising to its previous high before any serious resistance arises. That confirms the estimates above and would result in a one year cap gain of 21% and that's a nice gain by any standard.


The Competition

Whirlpool Corporation is part of the Appliances Industry which is part of the Consumer Goods Sector of the economy. Below are a few of the major corporations included in this industry. They are listed in the order of their market capitalization.
  1. Whirlpool Corporation
  2. iRobot Corporation (IRBT)
  3. National Presto Industries Inc (NPK)

Conclusion

I was actually looking at the shares of this company a couple of days ago, before today's $12 rise in the price of the stock. That $12 increase was a nice 7% rise in the shares and it buying the stock in this company now falls into the category of "things I should have done before I regretted not doing them." However, I still think this is a good company to own despite its recent share price increase and hovering around $180 per share. 

The company continues to increase its dividend year after year despite the volatility of the share price, and the projections for earnings increases in 2015 and 2016 are estimated at 8% and 24%, respectfully. I like this stock in an improving economy and the world is now seeing an improving economy. Today more and more people are moving into the middle class everywhere in the world. And with that comes the demand for a higher standard of living. Whirlpool is just the company that makes many of the first items middle class people want to buy.  

Picture
0 Comments

Investing Ain't Physics

7/24/2015

0 Comments

 
Picture
If you’re a swing trader, you're probably familiar with the concept of stock price inertia. It’s the idea that if a stock is moving higher, it’ll continue to move higher into the future, regardless of how short that future may be. It's also the idea that if a stock is moving lower it'll continue to move lower going forward. It’s this one simple idea that a company’s stock price, once in motion, will continue in motion in a continuous direction. And it'll remain in motion along this same path until something makes it change. This idea has a nice ring to it if you think about it out loud. And it seems to make sense, intuitively. It may even provide that feeling of being “scientifically correct” because it's so similar to Isaac Newton’s First Law of Nature from his book "Principia".

“Every object in a state of uniform motion tends to remain in that state of motion unless an external force is applied to it.” 
-- Sir Isaac Newton, Physicist and Mathematician.
But regardless of how convenient this idea would be for investors, it simply isn't true. None of us can predict the future and there's never been a first law of investing. If there was and the future of stock prices was that easy to predict, we'd all be millionaires by the age of 25 and living on some island somewhere. Instead, stocks are going to behave as stocks have always behaved. They're going to be pushed up and down by buyers and sellers who have a vested interest in the direction of the stock. 

So why do investors (myself included) believe that prices will continue to move in the same direction they are already moving in (whether that's up, down or sideways)? It's because they believe in the idea that crowds move as crowds. The same way that herds move as herds. It's the idea that once a stock moves in a certain direction investors will notice the move and jump on the bandwagon for the ride (up or down). This is often summed up in the term "the trend is your friend". It's the idea that you are suppose to invest with the trend and then stay with that trend until the trend ends (assuming you can recognize the end of the trend!). 

That's harder to do than it sounds. Every stock has a range that it trades in every day and it often trades up and down within that range all day long. It's only when you chronologically separate trading segments that you can truly begin to understand what's happening. It's divide (time) and conquer. For most investors this segmenting is done on a daily basis and the result is a daily chart. Long term investors will segment along weekly lines and this will result in weekly charts. Day traders will segment along several intervals of 60 minutes, 10 minutes, or even one minute to get intraday charts. Once you begin to do this you begin to see patterns. 

"Prediction is very difficult, especially if it’s about the future."
-- Niels Bohr, Nobel Prize Physicist.
Some investors will buy and sell securities strictly based upon the action of the stock's price over time. I'm not able to do that because I'm simply not that smart. I have to rely on momentum indicators to confirm or deny my suspicions when looking at the stock's chart and price action. 

The momentum indicator I rely on the most is the MACD. The MACD's best attribute is identifying turns in the market (this is very important for swing traders!). When it's below the zero line and beginning to turn up, I take notice because something's about to happen. When it crosses it's signal line, I also take notice. When it crosses from below to above the zero line, I take notice once again. 

And when it does the exact opposite of these things, I also take notice.

The other two indicators I like to use are the RSI and the ADX. The ADX tells me the strength of the move that might be under way. It lets me know if the movement up or down has any power behind the move. It therefore lets me know if the move will have any stamina or staying power to it. The RSI, on the other hand, lets me know when the move is getting over heated or nearing exhaustion. 

"The future ain’t what it use to be."
-- Yogi Berra, Major League Baseball Player and Manager.
These three indicators combined simply confirm for me what I think I'm already seeing in the movement of the price of the stock. If all three of these indicators tell me the same story then they're giving me the green light to make the trade. If they're incongruent, that tells me something too. It tells me to either look deeper into the fundamentals of the company to understand why, or to move on to another trade. 

In the final analysis, the past will provide me with a lot of information but it won't guarantee the future direction of the price of the stock. Stocks will go only where investors push them. My simple intent is to determine if a stock's price is moving up, moving down or going nowhere, to determine if a stock's turning up or turning down, and to determine the strength of the movement. And hopefully, after all is said and done, I'll be on the right side of the trade. 
Picture
0 Comments

Swing Trade or Sell Options

7/23/2015

1 Comment

 
Everyone that invests in the stock market is a trader. Even if they only buy and hold. In fact that's how all of us got into the positions we're holding today. We traded money for stock. Someday most of us will reverse this process and trade the stock we own for someone else's money. That's the nature of this business. 
 “Average investors who try to do a lot of trading will only make their brokers rich.”
--Michael Jenson, Finance Professor, Harvard University
I've been around traders for a long time and I've generally found that no two traders are alike. What distinguishes them for me is not what they trade or even how often they trade. The difference is how long they hold a stock. 

The ones that hold their shares for only a few hours are generally referred to as day traders, and I like them. A lot. Mainly because they tend to lose a lot of money. Others that buy and hold their shares forever are the ones I refer to as the "buy and hope" traders. They hope their stock will go up but it really doesn't matter to them because they'll never sell anything anyway. They like to take comfort in the fact that they think they're the "owners" of the company. They're the stock donors for the short sellers.

Everyone that falls in the middle of these two groups is either a swing trader or an active options seller. This group tends to use a select group of price, volume or momentum indicators to determine if a company's stock is over bought or over sold. This group is actually proactively managing their accounts on a daily basis. They are the entrepreneurs. They are businessmen. 

Some swing traders and options sellers trade in and out of stocks and options over a period of months or years while others trade over a period of just a few days. One thing is for sure. They all do it in very similar ways. The swing trader's goal is to buy stock when its price is low and sell stock when its price is high. The options sellers goal is to sell cash secured puts when the price is low and sell covered calls when the price is high. They both use every advantage of their favorite technical indicators to find their particular edge for their style of trading. They trade in and out of stocks/options according to their own level of trading comfort.

Since swing traders/options sellers make trading decisions based upon price, volume and a few of their favorite momentum indicators, and since these same indicators are independent of the time frame of the chart being used, swing traders/options sellers at all levels of the trading spectrum are conducting their business similarly. The one thing most swing traders/ options sellers have in common is that once they become comfortable trading in one time frame, they use the chart of one time frame lower to support their trading decisions. For example, a swing trader/options seller who is comfortable with executing trades on a monthly basis will generally use the weekly charts to make their decisions. Personally I like to trade weekly so I obtain most of my data from the daily charts to make my decisions. Those traders that feel comfortable trading on a daily basis will use hourly charts.



Picture
A successful swing trader enters a stock when it’s oversold and exits a stock when it’s overbought. He’d then short the stock when it’s overbought and cover his short once it becomes oversold. A true swing trader wouldn’t be able to trade an extensive list of stocks because the time required to concentrate on and monitor more than a select few volatile stocks would be overwhelming. Buying a stock and only checking on it’s earnings, profits and dividends every three months can only be done by an investor that swings over a period of years or decades and relies on the stock’s P/E ratio as his swing trigger. It’s not something a short term swing trader does and it’s definitely not what a day trader does. 

I'm more of an options seller and I use many of the same ideas and methods that a swing trader uses when I’m buying and selling options. For the most part I use the same ideas that a swing trader uses on a weekly basis when I’m selling options. The information I’m looking at is price, volume and a couple of momentum indicators The main difference between myself and a swing trader is that when a swing trader would go long by buying stock, I’d go long by selling puts. Where a swing trader would go short by selling or shorting stock, I’d sell covered calls on the positions I already own. The swing trader is always buying and selling equity while I’m always selling the option premium for income. The result is that in a fast moving market the swing trader may make more money than the options seller, but in a flat market the option seller will make more money due to the deteriorating premium. I’ve learned over the years that there are vastly more flat markets than volatile markets so the probability of success is with the option seller.

For the most part and for the biggest part of my portfolio, I’m a buy and hold type of investor which is a swing trader with a trading time frame consisting of months, years or even decades. I spend so much time trying to decide which stock to buy that once I finally make the decision to purchase a stock, it becomes hard for me to sell it as long as it continues to perform as I had originally expected. The price of the stock may become overbought or oversold at times but if revenue, profits and dividends continue to increase over time, I have a tendency to simply hold the stock, collect the dividends and sell the options rather than swing into and onto of stock and paying the taxes on the trades. This becomes even more important to me as I get older and dividends and options become more and more important in increasing my investments and supporting my lifestyle.

Picture
1 Comment

It's Easy To Make Money

7/21/2015

0 Comments

 
It's easy to make a lot of money in the stock market. Really, it is. It's made every day by a lot of different people and the driving force behind it is greed. It's also easy to lose a lot of money in the market. It's also lost every day by a lot of people and the driving force behind it is usually fear. What's hard is holding on to your money.

These two forces, greed and fear, are the two forces that can drive the markets up and then drive the markets back down. If you trade frequently you'll eventually be subjected to both of these forces. As a consequence, some days you'll make money and some days you'll lose money. What these two forces won't do for you is help you hold on to your money. Those two forces hate stationary money.

Holding on to your money is the single most difficult skill an investor must learn if he's ever going to succeed at investing. In fact holding on to your money is almost impossible to do because the driving force needed to create wealth and to be a successful investor is patience. And most investors have never gotten acquainted with that driving force.
“He that can have patience can have what he will.” 
-- Ben Franklin, Printer and Scientist.
There’s a lot of old sayings and funny wisdom on Wall Street. Most of that wisdom was gained as a result of financial misery. One of my favorites is this - if you want to double your money, fold it in half and put it back into your pocket! There's probably more truth in that statement than most investors would like to admit. 

Long time successful investors will tell you that they made most of their money sitting on their hands and doing nothing, or at least very little. That’s hard to believe for new investors but it's often the best advice anyone could give them. Simply do very little. Trading, and especially over trading, is the worst thing a new investor can do. But they all do it. It took me and most other investors a while to figure this out. When I finally figured it out I knew investing was the type of career/hobby I was destined for. It fits my personality perfectly.

But doing nothing is not natural for me or anyone else. To gain the skill and expertise of doing nothing often takes years and years of trial and error. And the only way you can learn it is to practice, practice, practice. In fact, as you get older and start to take naps during the day, it’s one of the sure signs that you're finally starting to perfect this advanced skill of doing nothing. And when you reach that point in your life you should take a moment and congratulate yourself. You’ve learned the art of patience, and you've finally attained that title of "natural born investor".


Picture

Patience is what makes an investor wealthy. 

But what are the techniques and skills involved in mastering this illusive trait. Well, napping is one. Sitting on your hands is another. Having teenagers will surely teach you patience as well as try your patience. And sitting outside a restaurant with one of those little boxes waiting an hour or so for those little lights to swirl to let you know your table is ready will certainly help you learn patience. But patience will not get you to the promised land by itself. 

There's more to it. Thinking and research are also involved. Thinking and research are important because they are the difficult processes by which an investor determines which company or companies they're interested in. Thinking is how an investor pulls together all the research, screening, and decision making processes into one specific action -- buying the right stock. I’ve discussed this earlier in a post entitled Finding the Right Stock and if you need to review it you can find it here. Thinking will also crystalize why you bought a particular stock when doubts enter your mind later on down the road. But patience is the key that puts it all together.

So if patience, thinking and research are not to your liking, then investing successfully in the stock market is probably not in your future. Perhaps you should look elsewhere. Maybe your future is in commodities. Maybe you should be recycling aluminum cans.
"Patience is bitter, but it's fruit is sweet."
-- Jean-Jacques Rousseau, Writer and Composer
Patience is also important because it keeps you out of a stock until the right time comes along and then it gets you into the right stock at the best possible price. Patience is what keeps you in a stock when the desire to sell is overwhelming but would result in disaster. Patience keeps you from overtrading and making your brokerage house even more richer than they already are.

Commissions are the bane of traders and overtrading just increases the number of commissions you’ll end up paying. In fact, brokerage houses prefer traders over investors because brokerage houses make their living charging commissions on trades. Traders end up paying a lot of commissions. Investors, on the other hand, stay in stocks and make a living by collecting dividends. They tend to hold their assets for a long time and watch their accounts and their wealth grow. Investors get rich through patience.

If you find and buy the right stock at the right price and it grows and expands, there’s really no reason to ever sell it. (Repeat that last sentence in your head a couple of more times.) Then just sit back and collect your dividends. And watch your wealth increase.

Live long and prosper.
Picture
0 Comments

The Walt Disney Company

7/19/2015

0 Comments

 
The Walt Disney Company may be the best known company in the entire world. It may also be one of the best companies in the world to work for. It hasn't been on sale for decades and it pays a stingy dividend. So why would anyone want to own shares of this company? Because it's a dominating factor in every business it enters.
 
Picture
Picture
Picture
The Walt Disney Company operates as an entertainment company worldwide. The company operates in five segments: Media Networks, Parks and Resorts, Studio Entertainment, Consumer Products, and Interactive. The Media Networks segment operates broadcast and cable television networks, domestic television stations, and radio networks and stations; and is involved in the television production and television distribution operations. Its cable networks include ESPN, Disney Channels, and ABC Family, as well as UTV/Bindass and Hungama. This segment owns eight domestic television stations. The Parks and Resorts segment owns and operates the Walt Disney World Resort in Florida that includes theme parks; hotels; vacation club properties; a retail, dining, and entertainment complex; a sports complex; conference centers; campgrounds; golf courses; water parks; and other recreational facilities. This segment also operates Disneyland Resort in California; Disney Resort& Spa in Hawaii; Disney Vacation Club, Disney Cruise Line, and Adventures by Disney; and Disneyland Paris, Hong Kong Disneyland Resort, and Shanghai Disney Resort, as well as licenses the operations of Tokyo Disneyland Resort in Japan. The Studio Entertainment segment produces and acquires live-action and animated motion pictures, direct-to-video content, musical recordings, and live stage plays. The Consumer Products segment licenses trade names, characters, and visual and literary properties to retailers, show promoters, and publishers; publishes entertainment and educational books, magazines, comic books; and operates English language learning centers. This segment is involved in the retail, online, and wholesale distribution of products through the Disney Store and DisneyStore.com. The Interactive segment creates and delivers entertainment and lifestyle content across interactive media platforms. The company was founded in 1923 and is based in Burbank, California. 
(Summary) (Company) (Daily Chart)

27 July 2014
Price $86.23
1yr Target $89.78
No. of Brokers 27
1yr Cap Gain 4.11%
Dividend $0.86
Yield 1.00%
1yr Tot Ret 5.11%

3yr RevGR 5.71%
3yr EarnGR 18.32%
3yr DivGR 28.59%
Payout 22.05%
EPS (ttm) $3.90
P/E 22.11
PEG 1.37
 19 July 2015
Price $118.86
1yr Target $121.11
No. of Brokers 27
1yr Cap Gain 1.89%
Dividend $1.32
Yield 1.11%
1yr Tot Ret 3.00%

3yr RevGR 6.01%
3yr EarnGR 18.91%
3yr DivGR 28.73%
Payout 28.38%
EPS (ttm) $4.65
P/E 25.56
PEG 1.69

The Company

The Walt Disney Company is a diversified entertainment company with operations in the following five business segments: Media Networks, Parks and Resorts, Studio Entertainment, Consumer Products and Interactive. 


1. MEDIA NETWORKS. The Media Networks segment includes broadcast and cable television networks, television production operations, television distribution, domestic television stations and radio networks and stations. These businesses generate revenue from fees that it charges to cable, satellite and telecommunications service providers and television stations affiliated with their domestic broadcast television network, from the sale to advertisers of time in programs for commercial announcements and from other sources such as the sale and distribution of television programming.


The company's cable networks include ESPN, the Disney Channels, ABC Family and the UTV/ Bindass networks in India. The cable networks group produces its own programs or acquires rights from third-parties to air programs on their networks. The cable networks derive the majority of their revenues from fees charged for the right to deliver programming to subscribers and certain networks (primarily ESPN and ABC Family) and the sale of time in network programs for commercial announcements. The company also sells programming developed by their cable networks worldwide in pay and syndication television markets and in physical (DVD and Blu-ray) and electronic formats.



The following are the networks owned by The Walt Disney Company:

ESPN (80% owned)
ESPN
ESPN2
ESPNU
ESPNEWS
SEC Network
ESPN Classic
ESPN channels internationally 

Disney Channels (100% owned)
Disney Channel
Disney Junior
Disney XD 

ABC Family (100% owned)

A&E Television Networks (AETN) (50% owned0
A&E
HISTORY
Lifetime
Lifetime Movie Network (LMN) 
H2
FYI 

The company's broadcasting business includes a domestic broadcast network, television production and distribution operations and eight owned domestic television stations. The Company also has a 33% interest in Hulu LLC (Hulu), a venture that distributes film and television content on the internet, and a 50% effective interest in Fusion, a news, pop culture and lifestyle television and digital network targeted at millennials. 

The Company operates the ABC Television Network (ABC) which, as of September 27, 2014, had affiliation agreements with 240 local television stations reaching 99% of all U.S. television households. ABC broadcasts programs in primetime, daytime, late night, news and sports. ABC produces its own programs and also acquires programming rights from third parties as well as entities that are owned by or affiliated with the Company. ABC derives the majority of its revenues from the sale to advertisers of time in network programs for commercial announcements. ABC also receives fees for its broadcast feed from affiliated television stations.

ABC.com is the official website of ABC and provides access to full-length episodes of ABC shows online. The Watch ABC app provides subscribers access to the participating local ABC TV linear feed along with full-length episodes of ABC programming on mobile devices. ABCNews.com also provides in-depth news coverage online and VOD news reports from ABC News broadcasts and it has an agreement to provide news content to Yahoo! News.

The Company produces the majority of its original live-action television programming under the ABC Studios label. Program development focuses on half-hour comedies and one-hour dramas, primarily for primetime broadcasts. Primetime programming produced either for their networks or for third parties for the 2014/2015 television season includes the returning one-hour dramas: Castle, Criminal Minds, Marvel’s Agents of S.H.I.E.L.D., Grey’s Anatomy, Nashville, Once Upon a Time, Resurrection, Revenge and Scandal, and the returning half-hour comedy Cougar Town. New primetime series will include one-hour dramas, How to Get Away With Murder and Red Band Society, and half-hour comedies, Black-ish and Benched. Additionally, the drama series American Crime, Astronauts Wives Club, Marvel’s Agent Carter, Marvel’s Daredevil and Jessica Jones (produced for Netflix), Secrets and Lies and Whispers and the comedy Galavant are in production for mid-season or summer launch. The Company also produces the late night show, Jimmy Kimmel Live, a variety of primetime specials for network television and live-action syndicated programming.

Syndicated programming includes the daytime talk show Live! with Kelly and Michael and the game show, Who Wants to Be a Millionaire. The Company also produces news programming including World News Tonight, 20/20, Nightline, Good Morning America and This Week with George Stephanopoulos and programming for daytime such as General Hospital, The View and The Chew.
The company distributes its productions worldwide in pay and syndication television markets, in DVD and Blu-ray formats and also online via Hulu and third-party services. 

The Company owns eight television stations, six of which are located in the top-ten markets in the U.S. The television stations derive the majority of their revenues from the sale to advertisers of time in station programming for commercial announcements. The stations also receive retransmission fees for the right to deliver the stations’ programming to subscribers. 

TV Stations 
WABC New York, NY
KABC Los Angeles, CA
WLS Chicago, IL
WPVI Philadelphia, PA
KGO San Francisco, CA
KTRK Houston, TX
WTVD Raleigh-Durham, NC
KFSN Fresno, CA

Hulu is a joint venture owned one-third each by Fox Entertainment Group, NBCUniversal and the Company. Its principal business is to aggregate television and film entertainment for viewing on the internet. Hulu offers a free service and a subscription-based service, Hulu Plus. In October 2013, the Company and Univision jointly launched Fusion, a news, pop culture and lifestyle television and digital network targeted at millennials.

2. PARKS AND RESORTS. The Company owns and operates the Walt Disney World Resort in Florida, the Disneyland Resort in California, Aulani, a Disney Resort & Spa in Hawaii, the Disney Vacation Club, the Disney Cruise Line and Adventures by Disney. The Company manages and has effective ownership interests as of September 27, 2014 of 51% in Disneyland Paris, 48% in Hong Kong Disneyland Resort and 43% in Shanghai Disney Resort

3. STUDIO ENTERTAINMENT. The Studio Entertainment segment produces and acquires live-action and animated motion pictures, direct-to-video content, musical recordings and live stage plays. The businesses in the Studio Entertainment segment generate revenue from the distribution of films in the theatrical, home entertainment and television markets, the distribution of recorded music, stage play ticket sales and licensing revenues from live entertainment events. The Company distributes films primarily under the Walt Disney Pictures, Pixar, Marvel, Touchstone and Lucasfilm banners. The Company produces and distributes Indian movies through its UTV banner.

4. CONSUMER PRODUCTS AND INTERACTIVE.
The Consumer Products segment engages with licensees, publishers and retailers throughout the world to design, develop, publish, promote and sell a wide variety of products based on the Company’s intellectual property through its Merchandise Licensing, Publishing and Retail businesses. In addition to using the Company’s film and television properties, Consumer Products also develops its own intellectual property, which can be used across the Company’s businesses. The Interactive segment creates and delivers branded entertainment and lifestyle content across interactive media platforms. Interactive’s primary operations include the production and global distribution of multi-platform games, the licensing of content for games and mobile devices, website management and design for other Company businesses and the development of branded online services.

My Perspective

There's rarely a good time to buy shares in this company because it's never on sale. But the good news is that if an investor every wants to sell his shares, he'll get top dollar for his shares. If you look at the long term chart of this company, it's obvious that it's been a great investment for almost anyone who owned the shares. I believe that Disney is just one of those companies I need own. I know the stock is overpriced. I know the dividend yield is very, very small. But a dividend growth rate of almost 30% is incredible and if held over a period of years, the dividend will eventually produce a phenomenal yield on cost. 

I currently have a position in this company and I continually, although sporadically, buy shares at opportune times. I expect to continue to do this for years to come. 

Picture
0 Comments

The American Railroads

7/15/2015

0 Comments

 
Picture
The world that we know today was created because of the world's transportation systems and none has been more critical to the creation and expansion of the United States than the Railroads. Even today the Railroad Industry continues to be a critical part of the world's modernized inter-model transportation infrastructure that moves the millions of individuals and tons of freight around the United States and the entire world each and every day. 

Today the world's transportation infrastructure is composed of three distinct parts - land (road, rail and pipelines), water (shipping) and air. Water is by far the slowest and the cheapest of the three. Air is by far the fastest and most expensive of the three. And rail is by far the most cost effective. As a consequence, when businesses develop an overall transportation strategy, they always start with rail and then subsequently augment that strategy with water and land. 

The railroad industry is traditionally linked to the world's heaviest industries because of their ability to move bulk materials at a very low cost. Rail is also by far the land transportation mode of choice because of its ability to transport high capacity loads over long distances. The recent development of containerization has also greatly improved the flexibility of rail transportation to link with other modes of transportation like road and maritime modes. 

The biggest challenge facing the railroads today and in the future is their ability to meet the needs of their customers as those needs shift among the diverse industries they serve, their ability to adapt to improving network efficiencies and fluidity, and their ability to continue to operate as the lowest cost and safest mode of transportation. And despite the challenges from a significantly weaker coal market and the carry-over impact of the 2012 drought on their grain shipments, other markets within their diverse portfolio of business, including automotive, base chemicals, shale-related moves, construction-related shipments, and domestic intermodal traffic have actually been increasing. 

Going forward an ever increasing US and global population will inevitably put greater demands on the global economy and the world's transportation systems. The railroads are uniquely positioned to benefit from any transportation activity.


Picture
Picture
Union Pacific Corporation provides rail transportation services in the United States. The company offers freight transportation services for agricultural products, including grains, commodities produced from grains, food, and beverage products; automotive products, such as imported and exported shipments, finished vehicles, and automotive parts; and chemicals consisting of industrial chemicals, plastics, crude oil, liquid petroleum gases, fertilizers, soda ash, sodium products, and phosphorus rock and sulfur products. It provides transportation services for coal and petroleum coke; industrial products comprising construction products, metals, minerals, consumer goods, lumber, paper, and other miscellaneous products, as well as steel, aggregate, cement, and wood products; and intermodal import and export containers and trailers. Its rail network includes 31,838 route miles linking the Pacific Coast and Gulf Coast ports with the Midwest and eastern United States gateways. Union Pacific Corporation was founded in 1862 and is headquartered in Omaha, Nebraska. 
(Summary) (Company) (Daily Chart)

27 July 2014
Price $101.66
1yr Target $111.45
No. of Brokers 21
1yr Cap Gain 9.63%
Dividend $1.82
Yield 1.79%
1yr Tot Ret 11.42%

3yr RevGR 8.89%
3yr EarnGR 19.28%
3yr DivGR 31.19%
Payout 37.29%
EPS (ttm) $4.88
P/E 20.83
PEG 1.37
14 July 2015
Price $96.79
1yr Target $116.00
No. of Brokers 25
1yr Cap Gain 19.84%
Dividend $2.20
Yield 2.27%
1yr Tot Ret 22.11%

3yr RevGR 6.98%
3yr EarnGR 19.39%
3yr DivGR 25.48%
Payout 37.47%
EPS (ttm) $5.87
P/E 16.49
PEG 1.22
Picture
Picture
Norfolk Southern Corporation is engaged in the rail transportation of raw materials, intermediate products, and finished goods. As of December 31, 2013, it operated approximately 20,000 miles of road in 22 states and the District of Columbia. The company also operates scheduled passenger trains; transports overseas freight through various Atlantic and Gulf Coast ports; and provides logistics services. In addition, it provides bimodal truckload transportation services primarily utilizing RoadRailer trailers, a hybrid technology that facilitates over-the-road and on-the-rail transportation in the eastern United States, as well as in Ontario and Quebec through a network of terminals. Further, the company is engaged in the acquisition, leasing, and management of coal, oil, gas, and minerals; development of commercial real estate; telecommunications; and leasing or sale of rail property and equipment. The company is founded in 1883 and is based Norfolk, Virginia. 
(Summary) (Company) (Daily Chart)

27 July 2014
Price $107.50
1yr Target $114.55
No. of Brokers 20
1yr Cap Gain 6.55%
Dividend $2.16
Yield 2.00%
1yr Tot Ret 8.55%

3yr RevGR 5.66%
3yr EarnGR 14.56%
3yr DivGR 12.38%
Payout 37.17%
EPS (ttm) $5.81
P/E 18.50
PEG 1.76
14 July 2015
Price $86.72
1yr Target $98.90
No. of Brokers 21
1yr Cap Gain 14.04%
Dividend $2.36
Yield 2.72%
1yr Tot Ret 16.76%

3yr RevGR 1.31%
3yr EarnGR 5.39%
3yr DivGR 9.37%
Payout 37.88%
EPS (ttm) $6.23
P/E 13.92
PEG 1.52
Picture
Picture
CSX Corporation provides rail-based transportation services in the United States and Canada. It offers traditional rail services, and transports intermodal containers and trailers. The company transports crushed stone, sand and gravel, metal, phosphate, fertilizer, food, consumer, agricultural, automotive, paper, and chemical products; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, industrial plants, and deep-water port facilities. It also provides intermodal transportation services through a network of approximately 50 terminals transporting manufactured consumer goods in containers in the eastern United States, as well as performs drayage services, including pickup and delivery of intermodal shipments; and trucking dispatch services. In addition, the company operates various distribution centers and storage locations; and connects non-rail served customers through transferring products from rail to trucks, such as ethanol and minerals. Further, it is involved in the acquisition, development, sale, lease, and management of real estate properties. The company operates approximately 21,000 route mile rail network, which serves various population centers in 23 states east of the Mississippi River, the District of Columbia, and the Canadian provinces of Ontario and Quebec, as well as operates approximately 4,000 locomotives. CSX Corporation also serves production and distribution facilities through track connections. The company was founded in 1978 and is based in Jacksonville, Florida. 
(Summary) (Company) (Daily Chart)

27 July 2014
Price $31.00
1yr Target $32.29
No. of Brokers 21
1yr Cap Gain 4.16%
Dividend $0.64
Yield 2.06%
1yr Tot Ret 6.22%

3yr RevGR 4.13%
3yr EarnGR 10.56%
3yr DivGR 22.37%
Payout 36.15%
EPS (ttm) $1.77
P/E 17.42
PEG 1.66
14 July 2015
Price $32.07
1yr Target $35.77
No. of Brokers 22
1yr Cap Gain 11.53%
Dividend $0.72
Yield 2.24%
1yr Tot Ret 13.77%

3yr RevGR 2.38%
3yr EarnGR 4.09%
3yr DivGR 25.04%
Payout 36.36%
EPS (ttm) $1.98
P/E 16.20
PEG 1.83
Picture
Picture
Kansas City Southern engages in the freight rail transportation business. The company operates north/south rail route between Kansas City, Missouri, and various ports along the Gulf of Mexico in Alabama, Louisiana, Mississippi, and Texas in the midwest and southeast regions of the United States. It also operates direct rail passageway between Mexico City and Laredo, Texas serving various Mexico’s industrial cities and 3 of its seaports; a 157-mile rail line extending from Laredo, Texas to the port city of Corpus Christi, Texas; and KCSR rail line between Meridian, Mississippi and Shreveport, Louisiana, as well as owns the northern half of the rail bridge at Laredo, Texas. In addition, the company operates a bulk materials handling facility with deep-water access to the Gulf of Mexico at Port Arthur, Texas that stores and transfers petroleum coke from rail cars to ships primarily for export; and a railroad wood-tie treatment facility. Its coordinated rail network comprises approximately 6,400 route miles extending from the midwest and southeast portions of the United States and south into Mexico, and connects with various other Class I railroads. The company serves customers conducting business in various industries, including electric-generating utilities, chemical and petroleum products, paper and forest products, agriculture and mineral products, automotive products, and intermodal transportation. Kansas City Southern was founded in 1962 and is headquartered in Kansas City, Missouri. 
(Summary) (Company) (Daily Chart)

27 July 2014
Price $114.25
1yr Target $118.25
No. of Brokers 16
1yr Cap Gain 3.50%
Dividend $1.12
Yield 0.98%
1yr Tot Ret 4.48%

2yr RevGR 6.26%
2yr EarnGR 2.95%
1yr DivGR 10.25%
Payout 36.24%
EPS (ttm) $3.09
P/E 27.66
PEG 1.84
14 July 2015
Price $94.45
1yr Target $102.94
No. of Brokers 18
1yr Cap Gain 8.98%
Dividend $1.32
Yield 1.39%
1yr Tot Ret 10.37%

3yr RevGR 7.02%
3yr EarnGR 14.73%
3yr DivGR ---
Payout 28.63%
EPS (ttm) $4.61
P/E 20.49
PEG 1.63
Picture
My Perspective

In this article I've only looked at the American Railroads. If investors want to understand the entire North American railroad industry they really need to consider the Canadian Railroads too. Especially the Canadian National Railway because its lines travel directly through the heart of the United State ending at the Gulf of Mexico. And if rumors can be believed, one or both of the Canadian Railways may eventually attempt a takeover of one or more of the US Railroads at sometime in the future. 

Of the above railroads, only the stock of CSX Corp is higher than it was a year ago. And it's just barely higher. Earnings are actually slowing in 2015 compared to 2014 for Norfolk Southern and Kansas City Southern but increasing for Union Pacific and CSX Corp. In 2016 earnings for all four companies are estimated to increase from 2015. As for dividends, all four companies are paying higher dividends than they were last year, which is great for dividend growth investors. 

The biggest difficulty facing the rail industry is the shrinking or leveling of expected tonnage hauled east of the Mississippi River. Most of that reduced tonnage is the result of the number of onerous policies and restrictions placed on the coal industry by the current federal administration and an economy that seems to continue to have difficulty coming out of a recession.

But I believe that railroads need to be an integral and critical part of my portfolio and the best way to include them is to find the best positioned railroads which will cover the majority of the United States. So I have decided that the two railroads I'm interested in owning are Union Pacific and CSX Corp. 
Picture
0 Comments
<<Previous
    Print Friendly Version of this pagePrint Get a PDF version of this webpagePDF

    Picture

    Author

    I am an Individual Investor with specific interest in long term growth and then enhancing my returns with income from dividends and derivatives. I don't recommend stocks to anyone (it's a good way to lose friends) and no one reading this should misinterpret my blog as a recommendation for any type of investment. I am writing this solely for myself and my kids.


    RSS Feed


    Picture
    Top 100 Blogs for Dividend Investors

    Picture
    Follow Me on StockTwits!



    Dividend Growth Stocks
    Dividend Growth Investor


    Picture
    I'm on Seeking Alpha too!

    Archives

    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016
    December 2015
    November 2015
    October 2015
    September 2015
    August 2015
    July 2015
    June 2015
    May 2015
    April 2015
    March 2015
    February 2015
    January 2015
    December 2014
    November 2014
    October 2014
    September 2014
    August 2014
    July 2014
    June 2014
    May 2014
    April 2014
    March 2014
    February 2014
    January 2014
    December 2013
    November 2013
    October 2013
    September 2013
    August 2013


    ADDITIONAL RESOURCES:
    4 Month INDU Chart
    Dividend Ex-Dates
    Bidness Etc
    SharpCharts Voyeur
    StockCharts.com

    FINVIZ
    Seeking Alpha
    BDC Reporter
    Roadmap2Retire
    DivHut
    Dividend Growth Investor

    Dividend Yield

    Stock Market Mentor
    Chart Swing Trader
    Dividend Announcements
    IBD TV
    Stocks to Watch Today
    Dividend Detective

    DISCLAIMER
     I am not a licensed investment adviser, and I am not providing investment advise for you on this site. Please consult with an investment professional before you invest your money. Any opinion expressed here should not be treated as investment advice. I am not liable for any losses suffered by any party because of data or information published on this blog. Past performance is not a guarantee of future performance. Unless your investments are FDIC insured, they may decline in value.

    Picture
Powered by Create your own unique website with customizable templates.