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Investing

Ideas and Strategies on Investing.

Previous Articles

Accenture

12/29/2016

0 Comments

 
Accenture PLC is a global professional services company and provides strategy, consulting, digital, technology and operations services to 94 of the Fortune Global 100 companies and more than three-quarters of the Fortune Global 500. The company was incorporated in Dublin, Ireland, in September 2009. As of 2016, the company reported net revenues of $32.9 billion, with more than 384,000 employees serving clients in more than 200 cities in 120 countries. In 2015, Accenture had 130,000 employees in India, 48,000 employees in the US, and 50,000 employees in the Philippines.

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​Accenture plc
provides consulting, technology, and outsourcing services worldwide. Its Communications, Media & Technology segment provides professional services that help clients accelerate and deliver digital transformation, and enhance business results through industry-specific solutions; and serves clients in communications, electronics, high technology, media, and entertainment industries. The company's Financial Services segment offers services that help clients enhance cost efficiency, grow their customer base, manage risk, and transform their operations; and serves clients in banking, capital markets, and insurance industries. Its Health & Public Service segment provides research-based insights and offerings, including consulting services and digital solutions to help clients deliver social, economic, and health outcomes; and serves healthcare payers and providers, as well as government departments and agencies, public service organizations, educational institutions, and non-profit organizations. The company's Products segment helps clients enhance their performance in distribution, sales, and marketing; in research and development, and manufacturing; and in business functions, such as finance, human resources, procurement, and supply chain. This segment serves clients in consumer goods, retail, and travel services industries; automotive, freight and logistics, industrial and electrical equipment, consumer durable and heavy equipment, and construction and infrastructure management companies; and pharmaceutical, medical technology, and biotechnology companies. The company's Resources segment enables clients to develop and implement new business strategies, improve operations, manage complex change initiatives, and integrate digital technologies; and serves clients in chemicals, energy, forest products, metals and mining, and utilities and related industries. Accenture plc was founded in 1989 and is based in Dublin, Ireland.
(Summary) (Company) (Chart)
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Accenture Monthly Chart
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Accenture Dividend History
27 December 2016
Price $117.55
1yr Target $129.54
Analysts 27
Dividend $2.42
Payout Ratio 35.79%

1yr Cap Gain 10.19%
Yield 2.05%
1yr Tot Return 12.24%

P/E 17.40
PEG 1.75
Beta 1.17


EPS (ttm) $6.76
EPS next yr $6.40
Forward P/E 18.36
EPS next 5yr 9.97%
1yr Price Support $63.80

Market Cap $76.66 Bil
Revenues $35.34 Bil
Earnings $4.30 Bil
Profit Margin 12.16%

Quick Ratio 1.20
Current Ratio 1.20
Debt/Equity 0.00


1yr RevGR 5.72%
3yr RevGR 4.56%
5yr RevGR 4.93%

1yr EarnGR 35.50%
3yr EarnGR 9.27%
5yr EarnGR 13.72%

1yr DivGR 43.63%
3yr DivGR 36.92%
5yr DivGR 17.36%

ROA 21.90%
ROE 59.50%


History

Accenture began as the business and technology consulting division of accounting firm Arthur Andersen. In 1989 Arthur Andersen split out the consulting division and Andersen Consulting became a separate unit of Andersen Worldwide Société Coopérative (AWSC).

Throughout the 1990s, there was increasing tension between Andersen Consulting and Arthur Andersen. Andersen Consulting was upset that it was paying Arthur Andersen up to 15% of its profits each year while at the same time Arthur Andersen was competing with Andersen Consulting through its own newly established business consulting service line called Arthur Andersen Business Consulting (AABC). This dispute came to a head in 1998 when Andersen Consulting claimed breach of contract against AWSC and Arthur Andersen.

Andersen Consulting put the 15% transfer payment for that year and future years into escrow and issued a claim for breach of contract. In August 2000, as a result of the conclusion of arbitration with the International Chamber of Commerce, Andersen Consulting broke all contractual ties with AWSC and Arthur Andersen. As part of the arbitration settlement, Andersen Consulting paid the sum held in escrow (then $1.2 billion) to Arthur Andersen and was required to change its name, resulting in the entity being renamed Accenture.

On 1 January 2001, Andersen Consulting adopted its current name, "Accenture". On 19 July 2001, Accenture’s initial public offering was priced at $14.50 per share and the shares began trading on the New York Stock Exchange.
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My Path Forward.

The fundamentals look great and the chart looks like the stock could certainly move higher than the estimated $129 per share next year. I could actually see the stock in the $135-$140 range 12 months from now. A move like that would double the estimated one year total return. I also like the looks of the company's dividend history chart. That said, I think I'll start a very small position in this company (because on my budget the shares are not exactly cheap at $117 per share) and then add additional shares if the price pulls back a little.

I expect a position in this company will take a while to accomplish and be a slow process simply because I now have so many companies I'd like to own that I'm running out of funds to buy them. But this will be high on my want list and I'll get around to starting a position as quickly as I can.  
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0 Comments

Activision Blizzard

12/27/2016

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Activision Blizzard is increasing its user base and as well as it's overall video game engagement stats while at the same time its growth opportunities continue to increase. They've been expanding their user base and deepening their engagements and recently announced 544 million monthly active users (MAU) across Activision, Blizzard, and King.

Activision, which includes the Call of Duty franchise, increased its user count 10% to 55 million -- and Call of Duty itself, which was originally developed in 2003, is still not showing signs of slowing down, having achieved a record number of franchise MAUs.

As for Blizzard, its user accounts increased 23% year over year. Hearthstone, a free to play online collectible card video game, has reached 50 million players, and has received an 88 rating on Metacritic. Blizzard's newest offering, Overwatch, received even better ratings, with an impressive score of 91 and 7 million players just 8 days after its release.

Video games from Activision and Blizzard often require longer attention spans and therefore increase their stickiness. This approach pays off. Including King, Activision's 544 million actives users have spent 42 billion hours playing its games. That equates to roughly the same amount of hours spent on Netflix, and is over four times the amount of time people spend watching sports. Increasing user count easily translates into revenue and profits by increasing the opportunities for gamers to make in-game purchases. Activision Blizzard's first-quarter non-GAAP revenue from in-game content grew 20% year over year to more than $620 million. Call of Duty reached new records for in-game content sales, while Season Pass, which gives Call of Duty players access to expansion packs and extended content, achieved record attach rates.

​In-game advertisingIncreasing user numbers and engagement is also an opportunity for the company to increase in-game advertising revenue. With the acquisition of King Digital, Activision Blizzard has gained access to 463 million users. According to App Annie, King has had 3 of the top 15 grossing games on U.S. app stores for the last 9 quarters. With access to popular mobile franchises such as Candy Crush, Pet Rescue, and Farm Heroes, Activision Blizzard is hoping to take advantage of a huge revenue opportunity with in-game advertising. According to Reuters, some analysts see a $500 million opportunity with in-game advertising, and one analyst from Wedbush Securities believes advertising could be accretive by over $3.00 per share.

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Activision Blizzard Monthly Chart
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Activision Blizzard Dividend History

​Activision Blizzard, Inc.
develops and publishes online, personal computer (PC), video game console, handheld, mobile, and tablet games. The company operates through two segments, Activision Publishing, Inc. and Blizzard Entertainment, Inc. The company develops, publishes, and sells interactive software products and content through retail channels or digital downloads; and downloadable content to a range of gamers. It also publishes subscription-based massively multiplayer online role-playing games; and strategy and role-playing games. In addition, the company maintains a proprietary online gaming service, Battle.net that facilitates the creation of user generated content, digital distribution, and online social connectivity in its games. Further, it engages in creating original film and television content; and provides warehousing, logistical, and sales distribution services to third-party publishers of interactive entertainment software, as well as manufacturers of interactive entertainment hardware products. The company serves retailers and distributors, including mass-market retailers, consumer electronics stores, discount warehouses, game specialty stores, and consumers through third-party distribution, licensing arrangements, and direct digital purchases in the United States, Canada, Canada, the United Kingdom, France, Germany, Ireland, Italy, Sweden, Spain, the Netherlands, Australia, South Korea, China, and internationally. Activision Blizzard, Inc. is headquartered in Santa Monica, California.
​(Summary) (Company) (Chart)
26 December 2016
Price $36.50
1yr Target $48.73
Analysts 19
Dividend $0.26
Payout Ratio 22.60%

1yr Cap Gain 33.50%
Yield 0.71%
1yr Tot Return 34.21%

P/E 31.71
PEG 1.41
Beta 0.97


EPS (ttm) $1.15
EPS next yr $2.16
Forward P/E 16.91
EPS next 5yr 22.47%
1yr Price Support $48.53

Market Cap $27.51 Bil
Revenues $5.95 Bil
Earnings $867.00 Mil
Profit Margin 14.57%

Quick Ratio 1.40
Current Ratio 1.40
Debt/Equity 0.72


1yr RevGR 5.80%
3yr RevGR -1.33%
5yr RevGR 0.95%

1yr EarnGR 5.30%
3yr EarnGR 5.56%
5yr EarnGR 29.24%

1yr DivGR 15.00%
3yr DivGR 8.42%
5yr DivGR 8.92%

ROA 6.20%
ROE 12.30%


Operating Units.

Activision Blizzard has five operating units:
  1. Activision develops, distributes, and publishes deeply immersive interactive entertainment for gaming consoles, mobile and tablet platforms, and PCs, including blockbuster franchises like Call of Duty, Skylanders and Destiny.
  2. Blizzard Entertainment develops, distributes and publishes some of the most iconic entertainment experiences in gaming, such as World of Warcraft, StarCraft, Diablo, Hearthstone, and Heroes of the Storm for PCs, mobile, tablet platforms, and consoles. 
  3. King Digital Entertainment creates leading interactive entertainment for the mobile world. With more than 200 fun titles, King's franchises include Candy Crush, Farm Heroes, Pet Rescue, and Bubble Witch.
  4. Media Networks builds on Activision Blizzard's competitive gaming leadership by creating all-new ways to deliver best-in-class fan experiences across games, platforms and geographies. 
  5. Activision Blizzard Studios makes original film and television content based on our library of iconic and globally-recognized intellectual properties. 

Iconic Entertainment Franchises
​
The company's roster of iconic franchises include the following:
  1. World of Warcraft
  2. StarCraft
  3. Diablo
  4. Hearthstone
  5. Heroes of the Storm
  6. Overwatch(coming in 2016)
  7. Call of Duty
  8. Skylanders
  9. Destiny
  10. Candy Crush Saga
  11. Candy Crush Soda Saga
  12. Candy Crush Jelly Saga
  13. Farm Heroes Saga
  14. Pet Rescue
  15. Bubble Witch

​My strategy going forward


Activision Blizzard has pullback to its lower Bollinger Band three times in the last two and a half years and four times in the last four years, and each time the stock bounced from there for a very nice return. Today its once again sitting near the lower Bollinger Band so I believe its at an acceptable level to start buying shares. 

I believe this company has several avenues for monetizing their efforts besides simply selling video games and I think it's only a matter of time before they capitalize on those avenues. And I think that idea is expressed in the analyst's estimated five year earnings growth rate. 

With the recent 20% pullback in the price of these shares, I find these shares quite reasonable, especially with the forward projections of earnings increases and the rapid reduction of the P/E ratio in the years ahead. I think gaming still has a great future and Activision Blizzard will remain at the forefront of this business.
 
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0 Comments

Invitae: A First Look

12/21/2016

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Invitae is not a company I would normally look at for a number of reasons - its stock price is falling, it's loosing money, and there's no dividend. But it's a genetic testing company pushing the envelope on the number of genes it's testing for while dropping the price of the test incredibly fast. Drop that kind of corporate and academic intensity right in the middle of an exploding science like genomics and the financial and health benefits are astronomical.

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Invitae is a genetic information company whose mission is to bring genetic information into mainstream medical practice to improve the quality of healthcare for billions of people. Specializing in genetic diagnostics for hereditary disorders, Invitae is aggregating the world’s genetic tests into a single service with better quality, faster turnaround time, and a lower price than most single-gene tests today.
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​Invitae Corporation, a genetic information company, focuses on bringing comprehensive genetic information into mainstream medical practice to enhance the quality of healthcare. It processes DNA-containing samples, analyzes information about patient-specific genetic variation, and generates test reports for clinicians and their patients using an integrated portfolio of laboratory processes, software tools, and informatics capabilities. The company provides a diagnostic service comprising hundreds of genes for various genetic disorders associated with oncology, cardiology, neurology, pediatrics, and other rare disease areas. It also offers solutions that enable sharing of genetic information consisting of Invitae Family History Tool, a Web or iPad application, which provides family history; and Clinvitae, a Web property that allows physicians or patients to look up individual genes and variants in order to find out additional genetic information. It operates in the United States, Canada, Israel, and internationally. The company was formerly known as Locus Development, Inc. and changed its name to Invitae Corporation in 2012. The company was founded in 2010 and is headquartered in San Francisco, California. Invitae Corporation operates as a subsidiary of Locus Development Inc. ​(Summary) (Company) (Chart)

19 December 2016
Price $7.20
1yr Target $10.25
Analysts ---
Dividend $---
Payout Ratio ---

1yr Cap Gain 42.36%
Yield ---
1yr Tot Return 42.36%

P/E ---
PEG ---
Beta ---


EPS (ttm) $-3.11
EPS next yr $-2.43
Forward P/E ---
EPS next 5yr 8.00%
1yr Price Support $---

Market Cap $282.10 Mil
Revenues $19.00 Mil
Earnings $-99.80 Mil
Profit Margin ---

Quick Ratio 5.60
Current Ratio 5.60
Debt/Equity 0.21


1yr RevGR ---
3yr RevGR ---
5yr RevGR ---

1yr EarnGR ---
3yr EarnGR ---
5yr EarnGR ---

1yr DivGR ---
3yr DivGR ---
5yr DivGR ---

ROA -77.00%
ROE -95.80%



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My Opinion

Based upon an inspection of the fundamentals as well as the technicals, I can't find any basis in the type of investing I do that would justify buying any shares of this company. But there's something about this whole area of science that's intriging. And I want to be part of that excitement.


So I can't justify owning shares in this company by any stretch of the imagination but contrary to my own advice, I intend to start a position in this company in the very near future. If I live long enough I may live to regret this decision but it won't be the first time I did something dumb in the market and lost money. And it probably won't be my last time either.
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Fortune Brands Home and Security

12/20/2016

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Fortune Brands was originally part of a holding company founded in 1969 and known as American Brands. The American Brands company had a significant diversity of products but in December 2010 it announced that the company planned to focus solely on its liquor business and spin off or sell the other parts of the company – including home furnishings and hardware and the golf products. The company sold the Titleist and FootJoy product lines to FILA Korea. On October 3, 2011, American Brands split the remainder of its business into two publicly traded companies: Fortune Brands Home & Security and Beam Inc. This article focuses on Fortune Brands Home and Security Inc.

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​Fortune Brands Home & Security, Inc.
provides home and security products for use in residential home repair, remodeling, new construction, and security applications. It operates in four segments: Cabinets, Plumbing, Doors, and Security. The Cabinets segment manufactures custom, semi-custom, and stock cabinetry, as well as vanities for the kitchen, bath, and other parts of the home under various brand names, including Aristokraft, Diamond, Kitchen Craft, Mid-Continent, Kitchen Classics, Schrock, Omega, Thomasville, Homecrest, Ultracraft, and StarMark. The Plumbing segment manufactures or assembles, and sells faucets, accessories, kitchen sinks, and waste disposals under the Moen and Waste King brand names in North America, China, Mexico, Southeast Asia, and South America. The Doors segment manufactures and sells fiberglass and steel residential entry door and patio door systems under the Therma-Tru brand name; and urethane millwork products under the Fypon brand name in the United States and Canada. The Security segment offers key-controlled and combination padlocks, bicycle and cable locks, built-in locker locks, door hardware, automotive, trailer and towing locks, electronic access control solutions, and other specialty safety and security devices under the Master Lock brand name; and fire resistant safes, security containers, and commercial cabinets in the United States, Canada, Europe, Central America, and Australia. The company sells its products through kitchen and bath dealers, wholesalers oriented toward builders or professional remodelers, industrial and locksmith distributors, do-it-yourself remodeling-oriented home centers, and other retail outlets. Fortune Brands Home & Security, Inc. was founded in 1988 and is headquartered in Deerfield, Illinois.
(Summary) (Company) (Chart)
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18 December 2016
Price $55.26
1yr Target $65.08
Analysts 12
Dividend $0.72
Payout Ratio 28.91%

1yr Cap Gain 17.77%
Yield 1.30%
1yr Tot Return 19.07%

P/E 22.17
PEG 1.63
Beta 1.29


EPS (ttm) $2.49
EPS next yr $3.12
Forward P/E 17.72
EPS next 5yr 13.60%
1yr Price Support $42.43

Market Cap $8.54 Bil
Revenues $4.91 Bil
Earnings $395.50 Mil
Profit Margin 8.04%

Quick Ratio 1.30
Current Ratio 2.00
Debt/Equity 0.67


1yr RevGR 14.10%
3yr RevGR 13.39%
5yr RevGR ---

1yr EarnGR 103.15%
3yr EarnGR 39.09%
5yr EarnGR ---

1yr DivGR 16.66%
3yr DivGR 14.31%
4yr DivGR 15.82%

ROA 7.80%
ROE 17.20%


Fortune Brands Home & Security (FBHS) declares an $0.18/share quarterly dividend, a 12.5% increase from its prior dividend of $0.16. The forward yield is now 1.3% and payable on March 15 for shareholders of record Feb. 24. Ex-dividend date is Feb. 22.

Fortune Brands is a leading home and security products company that competes in attractive long-term growth markets in several product categories. With a foundation of market-leading brands across a diversified mix of channels, and lean and flexible supply chains, as well as a tradition of strong product innovation and customer service, the company is focused on outperforming the competition in both growth and returns, and driving increased shareholder value. Products are sold through a wide array of sales channels, including kitchen and bath dealers, wholesalers oriented toward builders or professional remodelers, industrial and locksmith distributors, “do-it-yourself” remodeling-oriented home centers and other retail outlets. The company believes that the company’s impressive track record reflects the long-term attractiveness and potential of their categories and their leading brands. The company's performance since becoming an independent publicly traded company in 2011 demonstrates the strength of their operating model and their ability to generate profitable growth as sales volume increases and they leverage their structural competitive advantages to gain market share. 

The company's products compete on the basis of innovation, fashion, quality, price, service and responsiveness to distributor, retailer and installer needs, as well as end-user consumer preferences. Approximately 15% of 2015 net sales were to international markets, and sales to two of the Company’s customers, The Home Depot, Inc. and Lowe’s Companies, Inc., each accounted for more than 10% of the Company’s net sales in 2015. Sales to all U.S. home centers in the aggregate were approximately 30% of net sales in 2015. 

Cabinets. The Cabinets segment manufactures custom, semi-custom and stock cabinetry, as well as vanities, for the kitchen, bath and other parts of the home through a regional supply chain footprint to deliver high quality and service to their customers. This segment sells a portfolio of brands that enables customers to differentiate themselves against competitors. This portfolio includes brand names such as Aristokraft, Diamond, Kitchen Craft, Mid-Continent, Kitchen Classics, Schrock, Omega, Thomasville, Homecrest, Ultracraft and StarMark. Substantially all of this segment’s sales are in North America. This segment sells directly to kitchen and bath dealers, home centers, wholesalers and large builders. In aggregate, sales to The Home Depot and Lowe’s comprised approximately 35% of net sales of the Cabinets segment in 2015. This segment’s competitors include Masco, American Woodmark and RSI, as well as a large number of regional and local suppliers. 

Plumbing. The Plumbing segment manufactures or assembles and sells faucets, accessories, kitchen sinks and waste disposals in North America and China, predominantly under the Moen and Waste King brands. Although this segment sells products principally in the U.S., Canada and China, this segment also sells in Mexico, Southeast Asia and South America. Approximately 23% of 2015 net sales were to international markets. This segment sells directly through its own sales force and indirectly through independent manufacturers’ representatives, primarily to wholesalers, home centers, mass merchandisers and industrial distributors. In aggregate, sales to The Home Depot and Lowe’s comprised approximately 26% of net sales of the Plumbing segment in 2015. This segment’s chief competitors include Delta (owned by Masco), Kohler, Pfister (owned by Spectrum Brands), American Standard (owned by LIXIL Group), InSinkErator (owned by Emerson Electronic Company) and imported private-label brands.

Doors. The Doors segment manufactures and sells fiberglass and steel entry door systems under the Therma-Tru brand and urethane millwork product lines under the Fypon brand. This segment benefits from the long-term trend away from traditional materials, such as wood, steel and aluminum, toward more energy-efficient and durable synthetic materials. Therma-Tru products include fiberglass and steel residential entry door and patio door systems, primarily for sale in the U.S. and Canada. This segment’s principal customers are home centers, millwork building products and wholesale distributors, and specialty dealers that provide products to the residential new construction market, as well as to the remodeling and renovation markets. In aggregate, sales to The Home Depot and Lowe’s comprised approximately 11% of net sales of the Doors segment in 2015. This segment’s competitors include Masonite, JELD-WEN, Plastpro and Pella.

Security. The Security segment’s products consist of locks, safety and security devices, and electronic security products manufactured, sourced and distributed under the Master Lock brand and fire resistant safes, security containers and commercial cabinets manufactured, sourced and distributed under the SentrySafe brand. This segment sells products principally in the U.S., Canada, Europe, Central America and Australia. Approximately 25% of 2015 net sales were to international markets. This segment manufactures and sells key-controlled and combination padlocks, bicycle and cable locks, built-in locker locks, door hardware, automotive, trailer and towing locks, electronic access control solutions, and other specialty safety and security devices for consumer use to hardware, home center and other retail outlets. In addition, the segment sells lock systems to locksmiths, industrial and institutional users, and original equipment manufacturers. In aggregate, sales to The Home Depot and Lowe’s comprised approximately 17% of the net sales of the Security segment in 2015. Master Lock competes with Abus, W.H. Brady, Hampton, Kwikset (owned by Spectrum Brands), Schlage (owned by Allegion), Assa Abloy and various imports, and SentrySafe competes with First Alert, Magnum, Fortress, Stack-On and Fire King. 

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FBHS Dividend History
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End of Year Stock Price

My Perspective

Eventually every home needs to be remodeled or upgraded and Frotune Brands is the company benefiting the most from this activity. As they continue to improve and expand their product lines their fundamental continue to improve. They make the quality products that everyone wants so it's the kind of company I'm always looking for. It's also a company that makes many of the products that I find in my own home so I'm familiar with their quality products.

This is a company I plan to add to my portfolio very soon. In fact I'm amazed it's not already in there, As with all investments, I'll start with a small position and then add to that position though dividend reinvestment, the sale of call options, and open market purchases as opportunities present themselves.

Buying shares of this company really seems to be an obvious and easy decision. I expect to hold this position for a very long time. 

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0 Comments

The Rising SPX PE Ratio

12/15/2016

0 Comments

 
The P/E ratio for the S&P500 ratio doesn't get over 25 very often and when it has in the past, it wasn't long before things went south. A quick look at the history of the SPX PE ratio shows the ratio going to extreme levels during the bank meltdown recession of 2009 and technology sector disaster at the turn of the century.

Now there's no guarantees in life or in investing, but prudence notices correlations and if there's any familiarity with past performance, we may be looking at a situation that's about to correct itself.

While I'm not selling any of my positions, I am getting more and more conservative and demanding on what I do buy. I'm also raising cash that I can put to work quickly if the markets actually do decide to pull back.  

Take a few minutes and review the values on the right. It can be rather enlightening.
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SPX Historical Price Chart
Date Value
Dec 14, 2016 25.92
Jan 1, 2016 22.18
Jan 1, 2015 20.02

Jan 1, 2014 18.15
Jan 1, 2013 17.03
Jan 1, 2012 14.87
Jan 1, 2011 16.30
Jan 1, 2010 20.70
Jan 1, 2009 70.91
Jan 1, 2008 21.46

Jan 1, 2007 17.36
Jan 1, 2006 18.07
Jan 1, 2005 19.99
Jan 1, 2004 22.73
Jan 1, 2003 31.43
Jan 1, 2002 46.17
Jan 1, 2001 27.55
Jan 1, 2000 29.04
Jan 1, 1999 32.92
Jan 1, 1998 24.29

Jan 1, 1997 19.53
Jan 1, 1996 18.08
Jan 1, 1995 14.89
Jan 1, 1994 21.34
Jan 1, 1993 22.50
Jan 1, 1992 25.93

Jan 1, 1991 15.35
Jan 1, 1990 15.13
Jan 1, 1989 11.82
Jan 1, 1988 14.03
Jan 1, 1987 18.01
Jan 1, 1986 14.28
Jan 1, 1985 10.36
Jan 1, 1984 11.52
Jan 1, 1983 11.48
Jan 1, 1982 7.73
Jan 1, 1981 9.02
Jan 1, 1980 7.39
Jan 1, 1979 7.88
Jan 1, 1978 8.28
Jan 1, 1977 10.41
Jan 1, 1976 11.83
Jan 1, 1975 8.30
Jan 1, 1974 11.68
Jan 1, 1973 18.08
Jan 1, 1972 18.00
Jan 1, 1971 18.12
Jan 1, 1970 15.76
Jan 1, 1969 17.65
Jan 1, 1968 17.70
Jan 1, 1967 15.30
Jan 1, 1966 17.81
Jan 1, 1965 18.76
Jan 1, 1964 18.78
Jan 1, 1963 17.68
Jan 1, 1962 21.25
Jan 1, 1961 18.60
Jan 1, 1960 17.12
Jan 1, 1959 18.79
Jan 1, 1958 12.50
Jan 1, 1957 13.32
Jan 1, 1956 12.13
Jan 1, 1955 12.58
Jan 1, 1954 10.10
Jan 1, 1953 10.86
Jan 1, 1952 9.95
Jan 1, 1951 7.47
Jan 1, 1950 7.21
Jan 1, 1949 6.62
Jan 1, 1948 9.04
Jan 1, 1947 13.46
Jan 1, 1946 19.17
Jan 1, 1945 14.35
Jan 1, 1944 12.61
Jan 1, 1943 9.70
Jan 1, 1942 7.97
Jan 1, 1941 10.05
Jan 1, 1940 13.23
Jan 1, 1939 18.94
Jan 1, 1938 10.47
Jan 1, 1937 16.75
Jan 1, 1936 17.87
Jan 1, 1935 16.25
Jan 1, 1934 23.95
Jan 1, 1933 17.29
Jan 1, 1932 14.07
Jan 1, 1931 17.00
Jan 1, 1930 13.92
Jan 1, 1929 17.76
Jan 1, 1928 15.51
Jan 1, 1927 10.89
Jan 1, 1926 10.12
Jan 1, 1925 11.02
Jan 1, 1924 9.01
Jan 1, 1923 12.54
Jan 1, 1922 22.81
Jan 1, 1921 9.36
Jan 1, 1920 9.60
Jan 1, 1919 7.93
Jan 1, 1918 5.72
Jan 1, 1917 6.34
Jan 1, 1916 10.03
Jan 1, 1915 13.60
Jan 1, 1914 13.50
Jan 1, 1913 13.48
Jan 1, 1912 15.20
Jan 1, 1911 12.88
Jan 1, 1910 13.26
Jan 1, 1909 15.10
Jan 1, 1908 10.54
Jan 1, 1907 12.75
Jan 1, 1906 14.51
Jan 1, 1905 16.53
Jan 1, 1904 12.60
Jan 1, 1903 13.65
Jan 1, 1902 15.92
Jan 1, 1901 14.73
Jan 1, 1900 12.71
Jan 1, 1899 16.89
Jan 1, 1898 15.74
Jan 1, 1899 19.18
Jan 1, 1896 17.08
Jan 1, 1895 25.00
Jan 1, 1894 17.28
Jan 1, 1893 15.58
Jan 1, 1892 16.21
Jan 1, 1891 16.69
Jan 1, 1890 17.93
Jan 1, 1889 20.15
Jan 1, 1888 15.17
Jan 1, 1887 16.91
Jan 1, 1886 18.57
Jan 1, 1885 13.68
Jan 1, 1884 13.28
Jan 1, 1883 13.51
Jan 1, 1882 13.45
Jan 1, 1881 12.63
Jan 1, 1880 13.10
Jan 1, 1879 11.19
Jan 1, 1878 10.83
Jan 1, 1877 12.68
Jan 1, 1876 12.74
Jan 1, 1875 10.09
Jan 1, 1874 10.13
Jan 1, 1873 11.88
Jan 1, 1872 12.15

Jan 1, 1871 11.10
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0 Comments

Pfizer

12/14/2016

0 Comments

 
Pfizer Inc. is an American global pharmaceutical corporation headquartered in New York City, with research headquarters in Groton, Connecticut. The company develops and produces medicines and vaccines for a wide range of medical disciplines, including immunology, oncology, cardiology, diabetology/endocrinology, and neurology. Pfizer's products include the blockbuster drug Lipitor, used to lower LDL blood cholesterol; Lyrica for neuropathic pain/fibromyalgia; Diflucan, an oral antifungal medication; Zithromax, an antibiotic; Viagra for erectile dysfunction; and Celebrex/Celebra, an anti-inflammatory drug.
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Pfizer Inc (PFE) declares a $0.32/share quarterly dividend which is a 6.7% increase from its prior dividend of $0.30. The forward yield is now 3.94% and payable March 1, for shareholders of record on Feb. 3. The ex-dividend date is Feb. 1.

​Pfizer Inc.
discovers, develops, manufactures, and sells healthcare products worldwide. The company operates through Global Innovative Pharmaceutical (GIP); Global Vaccines, Oncology and Consumer Healthcare (VOC); and Global Established Pharmaceutical (GEP) segments. The GIP segment develops and commercializes medicines for various therapeutic areas, including inflammation/immunology, cardiovascular/metabolic, neuroscience/pain, and rare diseases. The VOC segment develops and commercializes vaccines, as well as products for oncology and consumer healthcare. It provides over-the-counter products comprising dietary supplements under the Centrum, Caltrate, and Emergen-C brands; pain management products under the Advil and ThermaCare brands; gastrointestinal products under the Nexium 24HR/Nexium Control and Preparation H brands; and respiratory and personal care products under the brand names of Robitussin, Advil Cold & Sinus, Advil Sinus Congestion Relief & Pain, Dimetapp, and ChapStick. The GEP segment offers products that have lost marketing exclusivity in various markets; and branded generics, generic sterile injectable products, biosimilars, infusion systems, and other products. The company serves wholesalers, retailers, hospitals, clinics, government agencies, pharmacies, and individual provider offices, as well as centers for disease control and prevention. It has licensing agreements with Cellectis SA and AstraZeneca PLC; collaborative agreements with Eli Lilly & Company, OPKO Health, Inc., BioRap Technologies LTD., Merck KGaA, and Transgene S.A.; and a research and development agreement with the National Cancer Institute to conduct clinical trials to evaluate investigational immunotherapy agents. The company has a partnership with The University of Pittsburgh to develop a computational model to identify the drivers of schizophrenia, Alzheimer's disease, and related brain diseases. Pfizer Inc. was founded in 1849 and is headquartered in New York, New York.
(Summary) (Company) (Chart)
12 December 2016
Price $32.40
1yr Target $37.85
Analysts 20
Dividend $1.20
Payout Ratio 120.00%

1yr Cap Gain 16.82%
Yield 3.70%
1yr Tot Return 20.52%

P/E 32.34
PEG 4.87
Beta 0.89


EPS (ttm) $1.00
EPS next yr $2.63
Forward P/E 12.34
EPS next 5yr 6.63%
1yr Price Support $17.43

Market Cap $196.54 Bil
Revenues $53.24 Bil
Earnings $6.18 Bil
Profit Margin 11.60%

Quick Ratio 0.90
Current Ratio 1.10
Debt/Equity 0.70


1yr RevGR -1.53%
3yr RevGR -3.63%
5yr RevGR -5.61%

1yr EarnGR -21.84%
3yr EarnGR -16.83%
5yr EarnGR 1.70%

1yr DivGR 7.54%
3yr DivGR 8.11%
5yr DivGR 9.02%

ROA 3.60%
ROE 9.70%


My Opinion

With Pfizer's recent dividend increase, the annual dividend is now back to where it was 2008. That's not a great consolation for those investors who have held the stock through the years, but it is cause for reconsideration of an investment in the company. Management is obviously trying to turn around a huge company and looking at the fundamentals, they may finally be getting somewhere. The recent dividend increase, as well as the previous 7 dividend increases, in indicative of a management team that has confidence in the future of the company. As an investor in large cap stocks, a great management team means a lot.  

That said, for me its time to consider initiating a position in the company. I would love to buy these shares at $30 per share but I think that ship has sailed. Over the last year investors have had a couple of chances to buy these at that level but that may not happen again, especially since they just raised their dividend. So I think at today's price I consider this to be an acceptable price for me to pay.

I expect to start with a small position, add to that position on any pullback, sell options on any position I obtain, and institute a dividend reinvestment strategy for additional shares. As long as the stock price continues higher and the dividends are increased annually, I'll keep holding these shares as well as add to that position.
 
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PFE Monthly Chart
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PFE Dividend History
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0 Comments

Credit Cards Visa and MasterCard

12/12/2016

0 Comments

 
The Holiday Season always means increased Holiday Spending. For most people that means dusting off the credit cards, and the two most popular cards are Visa and MasterCard. So I thought I'd take a look at these two companies fundamentals and technicals to see if either of these two companies would fit into my type of investing which are increasing revenues, earnings and dividends. 
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MasterCard Inc (MA) declared a $0.22/share quarterly dividend, a 15.8% increase from its prior dividend of $0.19. The forward yield is now 0.86% and payable on Feb 9 for shareholders of record Jan 9. The Ex-div date Jan 5. The Board also approved a new share repurchase program, authorizing the company to repurchase up to $4B of its Class A common stock.
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Visa Inc. operates a payments technology that facilitates commerce through the transfer of value and information among consumers, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants. The company also offers gateway services for merchants to accept, process, and reconcile payments; manage fraud; and safeguard payment security online, as well as processing services for participating issuers of visa debit, prepaid, and ATM payment products. In addition, it provides digital products, including Visa Checkout that offers consumers an expedited and secure payment experience for online transactions; and Visa Direct, a push payment product platform, which facilitates payer-initiated transactions that are sent directly to the Visa account of the recipient, as well as Visa token service that replaces the card account numbers from the transaction with a token. Further the company offers corporate (travel) and purchasing card products, as well as value-added services. It provides its services under the Visa, Visa Electron, Interlink, V PAY, and PLUS brands. The company was incorporated in 2007 and is headquartered in San Francisco, California.
(Summary) (Company) (Chart)
MasterCard Inc. provides transaction processing and other payment-related products and services in the United States and internationally. It facilitates the processing of payment transactions, including authorization, clearing, and settlement, as well as delivers related products and services. The company also offers value-added services, such as loyalty and reward programs, and information and consulting services. In addition, it provides cross-border and domestic processing services; and issuer and acquirer processing solutions, and payment and mobile gateways. Further, the company offers various payment products and solutions for cardholders, merchants, financial institutions, and governments; programs that enable issuers to provide consumers with cards to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid payment programs and management services; and commercial payment products and solutions. Additionally, it provides products and services to prevent, detect, and respond to fraud and ensure the safety of transactions. The company offers payment solutions and services under the MasterCard, Maestro, and Cirrus brands. MasterCard Incorporated was founded in 1966 and is headquartered in Purchase, New York.
​(Summary) (Company) (Chart)
12 December 2016
Price $79.14
1yr Target $93.93
Analysts 30
Dividend $0.66
Payout Ratio 32.03%

1yr Cap Gain 18.68%
Yield 0.83%
1yr Tot Return 19.51%

P/E 38.34
PEG 2.33
Beta 0.96

EPS (ttm) $2.06
EPS next yr $3.84
Forward P/E 20.60
EPS next 5yr 16.47%
1yr Price Support $63.24

Market Cap $184.44 Bil
Revenues $15.08 Bil
Earnings $5.93 Bil
Profit Margin 39.32%

Quick Ratio 1.80 
Current Ratio 1.80
Debt/Equity 0.58

1yr RevGR 8.65%
3yr RevGR 8.50%
5yr RevGR 10.41%

1yr EarnGR -3.88%
3yr EarnGR 9.18%
5yr EarnGR 13.96%

1yr DivGR 17.00%
3yr DivGR 18.69%
5yr DivGR 28.34%

ROA 10.00%
ROE 20.00%


12 December 2016
Price $104.41
1yr Target $118.47
Analysts 30
Dividend $0.76
Payout Ratio 20.99%

1yr Cap Gain 13.46%
Yield 0.72%
1yr Tot Return 14.18%

P/E 28.85
PEG 1.91
Beta 1.20

EPS (ttm) $3.62
EPS next yr $4.30
Forward P/E 24.29
EPS next 5yr 15.09%
1yr Price Support $64.88

Market Cap $112.73 Bil
Revenues $10.54 Bil
Earnings $4.02 Bil
Profit Margin 38.14%

Quick Ratio 1.70
Current Ratio 1.70
Debt/Equity 0.53

1yr RevGR 2.39%
3yr RevGR 9.26%
5yr RevGR 11.78%

1yr EarnGR 8.06%
3yr EarnGR 15.05%
5yr EarnGR 18.97%

1yr DivGR 36.73%
3yr DivGR 76.39%
5yr DivGR 62.02%

ROA 24.40%
ROE 68.20%

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0 Comments

VF Corp Increases Its Dividend Again

12/9/2016

0 Comments

 
VF Corporation is an American worldwide apparel and footwear company founded in 1899 and headquartered in Greensboro, North Carolina. The company’s more than 30 brands are organized into five product categories: Outdoor & Action Sports, Jeanswear, Imagewear, Sportswear and Contemporary Brands. The company controls 55% of the U.S. backpack market with the Jansport, Eastpak, Timberland and North Face brands.
V.F. Corporation (VFC) declared a $0.42/share quarterly dividend, a 13.5% increase from its prior dividend of $0.37. The dividend is payable on Dec. 19, for shareholders of record on Dec. 9. Ex-dividend date is Dec. 7.
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​V.F. Corporation
engages in the design, production, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and related products in the United States and Europe. The company primarily offers outdoor apparel, footwear and equipment, youth culture/action sports-inspired footwear, handbags, luggage, backpacks, totes, accessories, surfing-inspired footwear, merino wool socks, women’s activewear, and travel accessories under the The North Face, Vans, Timberland, Kipling, Napapijri, Jansport, Reef, Smartwool, Eastpak, lucy, and Eagle Creek brands. It also provides denim, casual apparel, footwear, and accessories under the Wrangler, Lee, Lee Casuals, Riders by Lee, Rustler, Timber Creek by Wrangler, and Rock & Republic brands. In addition, the company offers occupational, protective occupational, athletic, licensed athletic, and licensed apparel products under the Red Kap, Bulwark, Horace Small, Majestic, MLB, NFL, and Harley-Davidson brands; sportswear apparel, luggage, and accessories under the Nautica brand; and handbags, luggage, backpacks, totes, and accessories under the Kipling brand. Further, it provides premium denim apparel, footwear, and accessories under the 7 For All Mankind, Splendid, and Ella Moss brands. The company sells its products primarily to specialty stores, department stores, national chains, and mass merchants, as well as sells through company operated stores, concession retail stores, and e-commerce sites. V.F. Corporation was founded in 1899 and is headquartered in Greensboro, North Carolina.
​(Summary) (Company) (Chart)
8 December 2016
Price $57.08
1yr Target $60.39
Analysts 23
Dividend $1.68
Payout Ratio 58.33%

1yr Cap Gain 5.79%
Yield 2.94%
1yr Tot Return 8.73%

P/E 19.81
PEG 2.32
Beta 0.82


EPS (ttm) $2.88
EPS next yr $3.42
Forward P/E 16.69
EPS next 5yr 8.56%
1yr Price Support $29.27

Market Cap $23.61 Bil
Revenues $12.11 Bil
Earnings $1.22 Bil
Profit Margin 10.07%

Quick Ratio 1.30
Current Ratio 2.20
Debt/Equity 0.63


1yr RevGR 0.76%
3yr RevGR 4.34%
5yr RevGR 9.95%

1yr EarnGR 19.74%
3yr EarnGR 5.40%
5yr EarnGR 17.08%

1yr DivGR 9.80%
3yr DivGR 14.72%
5yr DivGR 17.25%

ROA 11.30%
ROE 22.70%


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VFC Monthly Chart
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VFC Dividend History
​My Path Forward

​I have a small position in this company and I have been very happy with the investment. I intend to continue to add to that position through dividend reinvestment and the accumulation of additional shares at these reasonable prices. 
​

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0 Comments

Five Dividend Growers

12/8/2016

1 Comment

 
A quick screen for companies with growing dividends turned up five well known companies to most dividend growth investors -- Automatic Data Processing, Becton Dickinson and Company, Johnson and Johnson, Lear Corporation and Occidental Petroleum. Owning any of these over the last few years would have been very lucrative. Below is an overview of each of these companies along with some fundamentals and a couple of charts. Each of these are worth consideration and further research. The more investors know about companies like these, the better they become as investors.

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​Automatic Data Processing, Inc. provides worldwide business process outsourcing services. The company operates through two segments, Employer Services and Professional Employer Organization (PEO) Services. The Employer Services segment offers a range of business outsourcing and technology-enabled human capital management (HCM) solutions, including payroll services, benefits administration services, talent management, human resources management solutions, time and attendance management solutions, insurance services, retirement services, and tax and compliance solutions. This segment's integrated HCM solutions include RUN Powered by ADP, ADP Workforce Now, ADP Vantage HCM, and ADP GlobalView, which assist employers of all sizes in all stages of the employment cycle from recruitment to retirement; and ADP SmartCompliance and ADP Health Compliance. The PEO Services segment provides a human resources (HR) outsourcing solution through a co-employment model to small and mid-sized businesses. This segment offers ADP TotalSource that provides various HR management services and employee benefits functions, such as HR administration, employee benefits, and employer liability management into a single-source solution. The company was founded in 1949 and is headquartered in Roseland, New Jersey.
​(Summary) (Company) (Chart)
6 December 2016
Price $96.00
1yr Target $93.36
Analysts 14
Dividend $2.28
Payout Ratio 68.26%

1yr Cap Gain -2.75%
Yield 2.37%
1yr Tot Return -0.38%

P/E 28.77
PEG 2.52
Beta 0.82


EPS (ttm) $3.34
EPS next yr $4.07
Forward P/E 23.58
EPS next 5yr 11.44%
1yr Price Support $46.56

Market Cap $43.55 Bil
Revenues $11.87 Bil
Earnings $1.52 Bil
Profit Margin 12.80%

Quick Ratio 1.10
Current Ratio 1.10
Debt/Equity 0.47


1yr RevGR 6.66%
3yr RevGR 7.23%
5yr RevGR 3.47%

1yr EarnGR 6.55%
3yr EarnGR 3,95%
5yr EarnGR 5.21%

1yr DivGR 9.93%
3yr DivGR 11.53%
5yr DivGR 10.75%

ROA 3.60%
ROE 35.00%


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ADP Monthly Chart
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ADP Dividend History

​Becton, Dickinson and Company
develops, manufactures, and sells medical supplies, devices, laboratory equipment, and diagnostic products worldwide. It operates in two segments, BD Medical and BD Life Sciences. The BD Medical segment offers syringes, pen needles, and IV sets for diabetes; needles, syringes, and intravenous catheters for medication delivery; prefilled IV flush syringes; regional anesthesia needles and trays; sharps disposal containers; closed-system transfer devices; skin antiseptic products; surgical and laproscopic instrumentations; intravenous medication safety and infusion therapy delivery, and automated medication dispensing and supply management systems; and prefillable drug delivery systems. The BD Life Sciences segment provides integrated systems for specimen collection; safety-engineered blood collection, automated blood culturing and tuberculosis culturing, and microorganism identification and drug susceptibility systems; molecular testing systems for infectious diseases and women's health; liquid-based cytology systems for cervical cancer screening; rapid diagnostic assays; microbiology laboratory automation, and plated media products; fluorescence-activated cell sorters and analyzers; monoclonal antibodies and kits for performing cell analysis; reagent systems for life science research; molecular indexing and next-generation sequencing sample preparation for genomics research; clinical oncology, immunological, and transplantation diagnostic/monitoring reagents and analyzers; and cell culture media supplements for biopharmaceutical manufacturing. The company markets its products through independent distribution channels and sales representatives to healthcare institutions, life science researchers, clinical laboratories, pharmaceutical industry, and general public. Becton, Dickinson and Company was founded in 1897 and is headquartered in Franklin Lakes, New Jersey.
(Summary) (Company) (Chart)
6 December 2016
Price $164.75
1yr Target $188.57
Analysts 14
Dividend $2.92
Payout Ratio 64.88%

1yr Cap Gain 14.45%
Yield 1.77%
1yr Tot Return 16.22%

P/E 36.64
PEG 3.50
Beta 1.01
​
EPS (ttm) $4.50
EPS next yr $10.51
Forward P/E 16.68
EPS next 5yr 15.68%
1yr Price Support $164.79

Market Cap $35.19 Bil
Revenues $12.48 Bil
Earnings $975.00 Mil
Profit Margin 7.81%

Quick Ratio 1.10
Current Ratio 1.40
Debt/Equity 1.51
​
1yr RevGR 21.40%
3yr RevGR 15.55%
5yr RevGR 10.48%

1yr EarnGR 34.02%
3yr EarnGR -11.45%
5yr EarnGR -4.40%

1yr DivGR 10.00%
3yr DivGR 9.95%
5yr DivGR 9.98%

ROA 3.80%
ROE 12.80%
​
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BDX Monthly Chart
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BDX Dividend History

​Johnson & Johnson
researches and develops, manufactures, and sells various products in the health care field worldwide. It operates through three segments: Consumer, Pharmaceutical, and Medical Devices. The Consumer segment offers baby care products under the JOHNSON'S brand name; oral care products under the LISTERINE brand name; skin care products under the AVEENO, CLEAN & CLEAR, DABAO, JOHNSON'S Adult, LE PETITE MARSEILLAIS, LUBRIDERM, NEUTROGENA, and RoC brand names; women's health products, such as sanitary pads under the STAYFREE and CAREFREE, and o.b. tampon brand names; wound care products, including adhesive bandages under the BAND-AID brand name and first aid products under the NEOSPORIN brand name. This segment also provides over-the-counter medicines, including acetaminophen products under the TYLENOL brand name; cold, flu, and allergy products under the SUDAFED brand name; allergy products under the BENADRYL and ZYRTEC brand names; ibuprofen products under the MOTRIN IB brand name; and heartburn products under the PEPCID brand name. The Pharmaceutical segment provides various products in the areas of immunology, infectious diseases and vaccines, neuroscience, oncology, and cardiovascular and metabolic diseases. The Medical Devices segment offers orthopaedic products; general surgery, biosurgical, endomechanical, and energy products; electrophysiology products to treat cardiovascular disease; sterilization and disinfection products to reduce surgical infection; blood glucose monitoring and insulin delivery products; and disposable contact lenses. The company offers its products to general public, retail outlets and distributors, wholesalers, hospitals, and health care professionals for prescription use, as well as for use in the professional fields by physicians, nurses, hospitals, eye care professionals, and clinics. Johnson & Johnson was founded in 1885 and is based in New Brunswick, New Jersey.
​(Summary) (Company) (Chart)
6 December 2016
Price $112.06
1yr Target $126.26
Analysts 19
Dividend $3.20
Payout Ratio 56.04%

1yr Cap Gain 12.67%
Yield 2.85%
1yr Tot Return 15.52%

P/E 19.64
PEG 3.00
Beta 0.73
​
EPS (ttm) $5.71
EPS next yr $7.14
Forward P/E 15.69
EPS next 5yr 6.55%
1yr Price Support $46.76

Market Cap $306.10 Bil
Revenues $71.60 Bil
Earnings $15.94 Bil
Profit Margin 22.26%

Quick Ratio 2.40
Current Ratio 2.70
Debt/Equity 0.37
​
1yr RevGR -5.73%
3yr RevGR 1.37%
5yr RevGR 2.61%

1yr EarnGR -3.86%
3yr EarnGR 12.25%
5yr EarnGR 2.77%

1yr DivGR 6.88%
3yr DivGR 7.04%
5yr DivGR 6.93%

ROA 11.60%
ROE 22.10%
​
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JNJ Monthly Chart
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JNJ Dividend History

​Lear Corporation
designs, develops, engineers, manufactures, assembles, and supplies automotive seating, electrical distribution systems, and related components primarily to automotive original equipment manufacturers worldwide. It operates in two segments, Seating and Electrical. The Seating segment provides seat systems and related components, such as leather and fabric products, seat trim covers, recliner mechanisms, seat tracks, seat structures and mechanisms, seat foams, and headrests primarily for automobiles and light trucks, compact cars, and sport utility vehicles. The Electrical segment offers electrical distribution systems and components for managing power and distributing signals within the vehicle for traditional vehicle architectures, as well as high power and hybrid electric systems. This segment's products include wiring harnesses, terminals and connectors, and high power components for hybrid and electric vehicles; and electronic modules, such as body control modules, gateway modules, junction boxes, lighting control modules, and audio amplifiers. It also provides wireless communication modules, including passive entry, remote keyless entry, and dual range/dual function remote keyless entry systems. Lear Corporation was founded in 1917 and is headquartered in Southfield, Michigan.
(Summary) (Company) (Chart)
6 December 2016
Price $132.91
1yr Target $138.93
Analysts 15
Dividend $1.20
Payout Ratio 9.11%

1yr Cap Gain 4.52%
Yield 0.90%
1yr Tot Return 5.42%

P/E 10.10
PEG 0.73
Beta 1.25
​
EPS (ttm) $13.16
EPS next yr $14.59
Forward P/E 9.11
EPS next 5yr 13.80%
1yr Price Support $201.34

Market Cap $9.40 Bil
Revenues $18.64 Bil
Earnings $980.50 Mil
Profit Margin 5.25%

Quick Ratio 1.10
Current Ratio 1.40
Debt/Equity 0.63
​
1yr RevGR 2.73%
3yr RevGR 7.64%
5yr RevGR 8.78%

1yr EarnGR 16.52%
3yr EarnGR -9.21%
5yr EarnGR 18.81%

1yr DivGR 25.00%
3yr DivGR 21.08%
5yr DivGR ---

ROA 9.90%
ROE 32.50%
​
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LEA Monthly Chart
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LEA Dividend History

​Occidental Petroleum Corporation
engages in the acquisition, exploration, and development of oil and gas properties in the United States and internationally. The company operates in three segments: Oil and Gas, Chemical, and Midstream and Marketing. The Oil and Gas segment explores for, develops, and produces oil and condensate, natural gas liquids (NGLs), and natural gas. The Chemical segment manufactures and markets basic chemicals, including chlorine, caustic soda, chlorinated organics, potassium chemicals, ethylene dichloride, chlorinated isocyanurates, sodium silicates, and calcium chloride; vinyls comprising vinyl chloride monomer and polyvinyl chloride; and other chemicals, such as resorcinol. The Midstream and Marketing segment gathers, processes, transports, stores, purchases, and markets oil, condensate, NGLs, natural gas, carbon dioxide, and power. This segment also trades around its assets consisting of transportation and storage capacity, as well as oil, NGLs, gas, and other commodities. Occidental Petroleum Corporation was founded in 1920 and is headquartered in Houston, Texas.
(Summary) (Company) (Chart)
6 December 2016
Price $70.41
1yr Target $77.04
Analysts 24
Dividend $3.04
Payout Ratio ---

1yr Cap Gain 9.41%
Yield 4.31%
1yr Tot Return 13.72%

P/E ---
PEG ---
Beta 0.86
​
EPS (ttm) $-8.17
EPS next yr $1.36
Forward P/E 51.92
EPS next 5yr ---
1yr Price Support ---

Market Cap $54.13 Bil
Revenues $10.21 Bil
Earnings $-6.23 Bil
Profit Margin ---

Quick Ratio 1.40
Current Ratio 1.50
Debt/Equity 0.37
​
1yr RevGR ---
3yr RevGR ---
5yr RevGR ---

1yr EarnGR ---
3yr EarnGR ---
5yr EarnGR ---

1yr DivGR 5.53%
3yr DivGR 12.20%
5yr DivGR 15.81%

ROA -12.90%
ROE -23.40%
​
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OXY Monthly Chart
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OXY Dividend History
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1 Comment

Hanesbrands Inc

12/6/2016

0 Comments

 
Hanesbrands may not be the most exciting company in the world but it makes apparel that eveyone buys and it makes a lot of money doing it. Now I don't know about anyone else, but I like these kinds of companies that steadily make products that everyone needs and most people just routinely buy without a lot of thought about it. It's especially nice when it's a product that wears out and needs to be replaces on a regular basis. And that's why I like companies like Hanesbrands. 
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​Hanesbrands Inc.
, a consumer goods company, designs, manufactures, sources, and sells various basic apparels for men, women, and children in the United States. The company operates through four segments: Innerwear, Activewear, Direct to Consumer, and International. It sells bras, panties, shapewears, hosiery, men's underwear, children's underwear, and socks; and other activewear, such as T-shirts, fleece, sport shirts, performance T-shirts and shorts, sports bras, and thermals, as well as licensed logo apparel in collegiate bookstores and other channels. The company licenses its Champion name for footwear and sports accessories. It provides its products primarily under the Maidenform, Bali, Playtex, Hanes, JMS/Just My Size, Lilyette, Wonderbra, Donna Karan, DKNY, Champion, Polo Ralph Lauren, L'eggs, Hanes Beefy-T, Gear for Sports, Duofold, DIM, Nur Die/Nur Der, Lovable, Shock Absorber, Abanderado, Zorba, Rinbros, Kendall, Sol y Oro, Fila, Bellinda, Edoo, and Track N Field brand names. The company markets its products through retailers, wholesalers, and third party embellishers, as well as directly to consumers. As of January 2, 2016, it operated 252 outlet stores in the United States; and Websites under the Hanes, One Hanes Place, JMS/Just My Size, Champion, and Maidenform names. The company also sells its products in Europe, Asia, Latin America, Canada, Australia, the Middle East, Africa, and the Caribbean. Hanesbrands Inc. was founded in 2005 and is headquartered in Winston-Salem, North Carolina.
(Summary) (Company) (Chart)
4 December 2016
Price $22.87
1yr Target $32.85
Analysts 13
Dividend $0.44
Payout Ratio 34.10%

1yr Cap Gain 43.63%
Yield 1.92%
1yr Tot Return 45.55%

P/E 17.67
PEG 1.51
Beta 0.96


EPS (ttm) $1.29
EPS next yr $2.16
Forward P/E 10.57
EPS next 5yr 11.74%
1yr Price Support $25.35

Market Cap $8.79 Bil
Revenues $5.86 Bil
Earnings $500.40 Mil
Profit Margin 8.53%

Quick Ratio 0.80
Current Ratio 1.90
Debt/Equity 3.48


1yr RevGR 7.64%
3yr RevGR 8.10%
5yr RevGR 6.68%

1yr EarnGR 7.07%
3yr EarnGR 36.81%
5yr EarnGR 14.44%

1yr DivGR 10.00%
3yr DivGR 29.71%
5yr DivGR ---

ROA 7.90%
ROE 44.90%



Company Overview

Hanesbrands Inc. is a manufacturer and marketer of leading everyday basic apparel under some of the world’s strongest apparel brands, including Hanes, Champion, Maidenform, DIM, Playtex, Bali, JMS/Just My Size, Nur Die/Nur Der, L’eggs, Lovable, Wonderbra, Flexees, Lilyette and Gear for Sports.

The company sells bras, panties, shapewear, hosiery, men’s underwear, children’s underwear, socks, T-shirts and other activewear in the Americas, Asia, Australia and Europe. In the United States, they sell more units of intimate apparel, male underwear and children’s underwear than any other company. Unlike most apparel companies, Hanesbrands primarily operates its own manufacturing facilities. More than 80 percent of the apparel units that they sell in the United States are manufactured in their own plants or those of dedicated contractors.
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The company has a long history of innovation, product excellence and brand recognition. In fact, more than 80 percent of U.S. households have their products in them. The company revolutionized Tagless T-shirts and underwear, invented the sports bra, and were the first to advertise a bra on national television (Playtex). The company is now using their Innovate-to-Elevate strategy to integrate brand superiority, industry-leading innovation and a low-cost global supply chain to provide higher valued products while lowering production costs. The Tagless apparel platform, ComfortFlex Fit bra platform, ComfortBlend fabric platform and temperature-control X-Temp fabric platform incorporate big-idea innovation to span brands, product categories, business segments, retailer and distribution channels and geographies.

Founded in 1901, Hanesbrands was organized as a Maryland corporation in 2005 and spun off from Sara Lee Corporation in 2006, at which time they became an independent, publicly-traded corporation. Since then, they have used strategic acquisitions to expand the brand portfolio. In November 2010, the company expanded their activewear portfolio through the acquisition of GearCo, Inc., known as Gear for Sports, a leading seller of licensed logo apparel in collegiate bookstores and other channels. In October 2013, the company acquired Maidenform Brands Inc., a global intimate apparel company, including the brands Maidenform, Flexees and Lilyette. They acquired another portfolio of strong brands including DIM, Nur Die/Nur Der, Lovable, Shock Absorber and Abanderado through the August 2014 acquisition of DBA Lux Holding S.A. (“Hanes Europe Innerwear”), a leading marketer of intimate apparel, hosiery and underwear in Europe. Most recently, in April 2015, they acquired Knights Holdco, Inc. (“Knights Apparel”), a leading seller of licensed collegiate logo apparel primarily in the mass retail channel. The company believes these acquisitions will create growth and cost savings opportunities and increased scale to serve retailers.
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The Brands

The company's portfolio of leading brands is designed to address the needs and wants of various consumer segments across a broad range of basic apparel products. Their brands hold either the number one or number two U.S. market position by units sold in most product categories in which they compete. Each of the brands has a unique consumer positioning that distinguishes it from its competitors and guides its advertising and product development. 

Hanes is the largest and most widely recognized brand in the portfolio. Hanes is the number one brand of total apparel in the U.S. and is found in eight out of 10 U.S. households. The Hanes brand covers all of the product categories, including men’s, women’s and children’s underwear, bras, socks, T-shirts, fleece, shapewear and sheer hosiery. Hanes stands for outstanding comfort, style and value. 

Champion is the company's second-largest brand. For nearly 100 years, Champion has been outfitting athletes in authentic, high-quality athletic apparel, including high-performance sports bras, team uniforms and gym essentials like classic T-shirts, mesh shorts and fleece hoodies. An industry leader in quality, design and performance innovation, Champion provides athletes with mobility, durability and up-to-date styles - in and out of the gym, on and off the field. Champion has also collaborated on premium apparel items through an exclusive collection with Todd Snyder, a limited edition men’s apparel line for Urban Outfitters and custom specialty items for Supreme. In addition, the company distributes a full line of men’s, women’s and children’s C9 by Champion products exclusively through Target Corporation stores.

The brand portfolio also includes a number of iconic intimate apparel brands: Bali offers a range of bras, panties and shapewear sold in the department store channel and is the number one bra brand in department stores. Playtex is America’s number one plus-size bra brand. Playtex offers superior fit and support for women of all sizes and is sold everywhere from mass merchandise retailers to department stores. DIM is a flagship European brand and a market leader in women’s underwear, hosiery and intimate apparel in France. Maidenform is the number one shapewear brand in America and has been trusted for modern, sensual style in bras, panties and shapewear since 1922.
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In addition, the company offers a variety of products under the following well-known brands: JMS/Just My Size, Nur Die/Nur Der, L’eggs, Wonderbra, Gear for Sports, Lilyette and Loveable. 
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Our Segments

Hanesbrand's operations are managed and reported in four operating segments, each of which is a reportable segment for financial reporting purposes: Innerwear, Activewear, Direct to Consumer and International. These segments are organized principally by product category, geographic location or distribution channel. Each segment has its own management that is responsible for the operations of the segment’s businesses, but the segments share a common supply chain and media and marketing platforms. 

Innerwear. The Innerwear segment focuses on core apparel products, such as intimate apparel, men’s underwear, panties, children’s underwear, socks and hosiery marketed under well-known brands that are trusted by consumers. Hanesbrands is the intimate apparel category leader in the United States with our Hanes, Maidenform, Bali, Playtex, JMS/Just My Size, L’eggs, Wonderbra, Lilyette, Donna Karan and DKNY brands, and they are also the leading manufacturer and marketer of men’s underwear and children’s underwear in the United States under the Hanes, Champion and Polo Ralph Lauren brands and women’s sheer hosiery under the L’eggs, Hanes, Maidenform, JMS/Just My Size, Donna Karan and DKNY brands. During 2015, net sales from our Innerwear segment were $2.6 billion, representing approximately 46% of total net sales.

Activewear. Hanesbrands is a leader in the activewear market through their Champion, Hanes, JMS/Just My Size and Duofold brands, where they sell products such as T-shirts and fleece to both retailers and wholesalers. In addition to activewear for men and women, Champion provides uniforms for athletic programs and includes an apparel program, C9 by Champion, at Target stores. They also license their Champion name for footwear and sports accessories. In the branded printwear category, the compan supplies their T-shirts, sport shirts and fleece products, including brands such as Hanes, Champion and Hanes Beefy-T, to customers, primarily wholesalers, who then resell to screen printers and embellishers. They also sell licensed logo apparel in the mass retail channel and in collegiate bookstores and other channels under our Gear for Sports and Champion brands. They also sell licensed collegiate logo apparel primarily in the mass retail channel under our Knights Apparel brand. They also offer a range of quality, comfortable clothing for men, women and children marketed under the Hanes and JMS/Just My Size brands. The JMS/Just My Size brand offers casual apparel designed exclusively to meet the needs of plus-size women. During 2015, net sales from our Activewear segment were $1.6 billion, representing approximately 27% of total net sales.

Direct to Consumer. Their Direct to Consumer operations include the domestic Company-operated outlet stores and website operations that sell branded products directly to consumers in the United States. As of January 2, 2016, the compan had 252 outlet stores in the United States and operated websites under the Hanes, One Hanes Place, JMS/Just My Size, Champion and Maidenform names. During 2015, net sales from the Direct to Consumer segment were $388 million, representing approximately 7% of total net sales.
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International. The International segment includes products that span across the Innerwear and Activewear reportable segments and are primarily marketed under the DIM, Playtex, Hanes, Champion, Nur Die/Nur Der, Loveable, Wonderbra, Maidenform, Shock Absorber, Abanderado, Zorba, Rinbros, Kendall, Sol y Oro, Lilyette, Polo Ralph Lauren, Fila, Bellinda, Edoo, Track N Field, Ritmo
, Donna Karan and DKNY brands. The Innerwear brands are market leaders across Western and Central Europe. In the intimate apparel category, they hold the number one market share in France and Spain and the number two market share in Italy. The company is also the category leader in men’s underwear in France and Spain, and in hosiery in France and Germany. During 2015, net sales from their International segment were $1.1 billion, representing approximately 20% of total net sales and included sales in Europe, Asia, Latin America, Canada, Australia, the Middle East, Africa and the Caribbean. Their largest international markets are Europe, Japan, Canada, Mexico, Brazil and Australia. 

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The Path Forward

​This is an easy decision for me. I like these kinds of companies that simply excel at what they do. I intend to start a position in this company this week simply because the stock has significantly pulled back to the point where it's very reasonable compared to its fundamentals. If there's anything that bothers me it's the debt level on these shares, but as long as the company continues to improve its revenues and earnings, I believe the company will work off the debt over the next few years. 

I expect these shares to produce a significant total return over the short term and a very nice total return in the years ahead. As always, I intend to start with a small position and then allow dividend reinvestment, the sale of call options and open market buys to increase this postion over time.

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