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geokills
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Stock Update for May 1, 2008 - BP, AUY, MON [Re: geokills]
#8350095 - 05/01/08 02:47 PM (15 years, 8 months ago) |
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- British Petroleum (BP) - Sold 55 @ $71.77
On the heels of a favorable quarterly report, this stock is now 15% above my average cost basis and I am liquidating the position. With the dollar regaining some strength on the perception that the Federal Reserve may be done (or close to done) cutting rates, commodities which are priced in dollars are taking a hit. Couple this with the exceptional run we've seen in oil over past months, and the fact that I have held investments in three different companies related to the oil sector, and it's time for me to book some profits. Though I still value BP's handsome dividend, ExxonMobil reported a disappointing quarter today, and in conjunction with the aforementioned variables, it is likely that major analysts will start to come out of the woodwork to downgrade the various oil stocks they cover. In anticipation of this potential near-term weakness, and with the desire to book some profits in the wake of what has been a very strong April, I have closed out this position. On continued pullbacks in the oil space, I may look to put this money back to work by adding to my position in Petrobras (PBR).
- Yamana Gold (AUY) - Currently Trading at $12.90
Earlier this morning Yamana traded down to $12.25, which was about 18% below my average cost basis. This holding presents a sizable unrealized loss in my portfolio at the present date. Why didn't I average down this morning at $12.25? Since the stock fully recovered by the close of the day, perhaps I should have. But I am weary given the recent dollar strength. If the dollar continues to rise, gold will continue to fall, and with it gold stocks like Yamana. I am of a mind to believe that gold will rise back above $1000 in the not so distant future, but with the perception that the Fed is going to stop lowering rates and that the dollar may be bottoming, I want to play this one cautiously. Were my position in Yamana much smaller, I would have loved to average down today. However, the stock already comprises a hefty 6% of my portfolio, and since I feel that commodities may have further to fall in the near future, I am somewhat hesitant to allow this position to get much larger right now. If the stock should fall to $12, I will probably bite the bullet and pick up another 100 shares.
- Monsanto (MON) - Currently Trading at $113.66
Seems like all of the old leadership from the past many moons has been getting hit hard over the last week. This includes oil, gold, and of course agriculture. Not surprising, given the parabolic moves these companies have had over the last year. I am aware of the high risk in these frothy names (as reinforced by some commentary provided just a few posts up with respect to my interest in Potash), however while there is undoubtedly a fair lot of speculation, there is also a good lot of merit - simply supply and demand. We NEED food, and with more and more people on the planet in addition to governments delegating part of our food supply to alternative energy (i.e. ethanol), it is difficult to deny that farmers are having a tough time keeping up with the demand. Monsanto is now over 14% off of its high, and should it trade down closer to $100, I aim to pick some up. This is a long-term trend, and despite any near-term weakness and profit-taking, I continue to believe that the agricultural stocks are not done yet (hence why I am still holding my position in John Deere (DE)). The largest concern I have is movement away from corn-based ethanol production in the US. If this happens (which for the good of our people IT SHOULD), then these agricultural stocks will not be as appetizing. Nevertheless, I don't see this happening in the immediate future because as is typical, our government is painfully tied up in the politics of the matter, instead of focusing on what actually works. Following is a related article addressing these issues:
Quote:
The agriculture boom is still on 12:01a ET May 1, 2008 (MarketWatch)
MINNEAPOLIS (MarketWatch) -- It seems lately that consumers get hit at every turn. Rising gas prices, health-care and living expenses, job losses and soaring costs of food, it's a perfect economic storm.
As oil flirts with $120 a barrel and corn shoots up over $6 a bushel, it's clear that demand is real for both commodities, and yet there's also a bit of froth in those prices as well. How much of it is speculation?
Many claim it is caused by a weak dollar and speculation -- that is naïve. While the U.S. Federal Reserve policy of "print until the ink runs out" is certainly playing a big role in these price increases, it's not the only culprit.
With the implosion of Bear Stearns Cos., investors realize that anything is possible and the Fed can only do so much to help once panic sets in. For consumers, the reality is that prices are going up and it's important to lock in certain commodities.
Take for instance the rationing of rice sales by Costco Wholesale Corp. . Is this the speculators buying up stocks of rice? Hardly. I shop at Costco but have never bought a bag of rice, and now I probably couldn't. Small restaurants are buying up all they can find because prices are simply out of control. It's real demand by real people.
Corn concern
Many traders, especially equity traders, regard the agriculture market as another bubble and believe that it will all implode soon. It's happened before and it will happen again, they say. Well maybe, but this is not your grandfather's agriculture market, and surging global demand and exponential increases in world population have changed everything. Traders need to realize that the matrix has been reset and that grains are especially vulnerable.
Corn, wheat, soybeans, cotton, and rice are all in demand and yet supplies are at risk, and threats include weather, financing, fuel costs, protectionism and poor farming practices.
I recently met with a group of corn and soybean farmers as well as feedlot operators, and the conversation was positive but also fearful. The overwhelming sense of farmers here is that the average urbanite is unfazed by what farmers are going through. After all, costs for the average farmer are up more than 100%. Profit margins have narrowed or become non-existent and fuel costs, especially diesel, have been a killer.
Farmers feel that the average consumer blames them and think the farmer is getting rich of these food costs; when in reality there are no yachts in Waseca, Minn., only farmers trying to grow their crops and take care of their families.
The increase in input costs has been as big a burden on farmers as it has on the rest of us. The average person living in the city is relatively unconcerned as long as the water is running, they have a job, the ATM works and there is food on the shelf. Most urbanites are likely more concerned with who got the boot on "American Idol" then the possible approaching food disaster.
One thing is for sure, agriculture markets are not like other commodities, and demand and pent-up demand are real. This year, the corn crop needs to be a bumper crop or there will be a shortfall. It's likely that we will have a low yield crop, and $7.50 corn is a real possibility.
Corn-based ethanol remains the law of the land, and like it or not, nothing is going to change in an election year. All bets are off until we know who will be president.
Price adjustments
I have been hearing for three years that corn price couldn't possibly go any higher. I heard that argument at $2.50, $3, $4.50 and $5. Now here at $6.20, the same bearish absolutes are being spouted from all over the place and my indicators tell me that it's simply not true.
With corn and other crops at these levels, the agriculture stocks are doing great. Deere Co. , Caterpillar Inc. , Monsanto Co. , Syngenta have done well and have a lot more upside potential.
Farmers tell me that tractors and farm equipment are going for a premium, and if you want a new tractor from Deere, sales are so brisk that you will be waiting until spring or summer of 2009.
Meanwhile, Monsanto and Syngenta are developing seed sprays that help seed to endure cold, wet conditions and only germinate once ground temperatures reach optimal levels -- a huge advance in seed technology. And as farmers tell me here in Minnesota, it used to cost about $22 an acre to seed now it's about $75, so farmers are reluctant to plant in cold wet conditions like they have now in the Midwest.
The new reality for food costs is here, and for investors the opportunities are plentiful not only in the future markets, but in the equities that serve agriculture as well.
Discretionary Portfolio as of 5/1/2008- 23.7% Cash
- 7.5% McDonalds (MCD)
- 6.9% Philip Morris (PM)
- 6.4% Schering-Plough (SGP)
- 6.4% Proctor & Gamble (PG)
- 6% Yamana Gold (AUY)
- 6% Transocean (RIG)
- 5.8% Deere (DE)
- 5.6% Sirius Satellite (SIRI)
- 5.4% Jones Apparel (JNY)
- 5.4% Apple (AAPL)
- 4.5% Hudson City (HCBK)
- 3.8% Petrobras (PBR)
- 3.4% Altria (MO)
- 3.3% UltraShort S&P500 ProShares (SDS)
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Horse_Meister
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Re: Stock Update for May 1, 2008 - BP, AUY, MON [Re: geokills]
#8351347 - 05/01/08 08:35 PM (15 years, 8 months ago) |
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FACK i shoulda bought into visa. Now still looks like a great time though... 65 - 85... fack
-------------------- KTHXBai2YoU Horse_Meister Life is what happens while you're busy making other plans.
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psyphon
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Re: Stock Update for May 1, 2008 - BP, AUY, MON [Re: Horse_Meister]
#8352368 - 05/02/08 01:57 AM (15 years, 8 months ago) |
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Mastercard (MA) is still cheaper than V when it comes to what you get for your dollar.
-------------------- "The real voyage of discovery consists not in seeking new landscapes but in having new eyes." - Marcel Proust I wish you all ceaselessly flowing moments of happiness.
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geokills
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Re: Stock Update for May 1, 2008 - BP, AUY, MON [Re: psyphon]
#8357098 - 05/03/08 09:39 AM (15 years, 8 months ago) |
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Mastercard and Visa are both great "financial" stocks, because they don't hold any customer deposits or loan credit, and instead make their money off of transaction fees. As more and more people are preferring to use plastic over cash everyday, these companies are well poised for continued strong growth. Furthermore, large fund managers need exposure to financial stocks in order to stay diversified (since financials comprise 18% of the S&P 500), and they are often deferring to these two stocks, since they will not carry the same risks as a Citigroup or a Washington Mutual. This supply/demand imbalance causes the two stocks to experience very little weakness, as major buyers come in almost everyday to build up their positions. On a price to earnings growth basis, it looks like Mastercard is still the cheaper of the two -- though the high dollar amount on the individual share price (which really doesn't mean anything) is causing a lot of people to flock to Visa instead. Not that either company is a bad bet, but Mastercard would seem to be the better one, particularly as they have a better position internationally.
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LuNaTiX
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Re: STOCKS - A Beginner's Guide & Running Record [Re: geokills]
#8357501 - 05/03/08 12:13 PM (15 years, 8 months ago) |
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Do you know of any artificial intelligence related stocks?
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geokills
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Re: STOCKS - A Beginner's Guide & Running Record [Re: LuNaTiX]
#8357704 - 05/03/08 01:11 PM (15 years, 8 months ago) |
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No, I do not. Any such stock would likely be extremely speculative at this time since there doesn't seem to be a major player in that space. If you believe that the development of articifial intelligence is a business that is about to explode, investing in the companies who are doing it is of course an option, but a tangental (and more conservative - i.e. less risky) way to go about investing in that idea would be to find out what is needed to build such devices (i.e. which company makes the microprocessors), and invest in those suppliers. This is safer since these suppliers will likely have many clients in other industries as well, so while they will certainly benefit from a rapid increase in orders for the parts necessary for AI products, they won't blow up overnight if the company ordering those parts goes belly up since they will have a diversified customer base.
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Liquidkick
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Re: STOCKS - A Beginner's Guide & Running Record [Re: geokills]
#8359284 - 05/03/08 09:50 PM (15 years, 8 months ago) |
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Who is getting some puts for monday on YHOO?
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Terillius
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Re: STOCKS - A Beginner's Guide & Running Record [Re: Liquidkick]
#8360652 - 05/04/08 08:34 AM (15 years, 8 months ago) |
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I was just looking at Yahoo. What happens to share price when a company acquires another?
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geokills
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Re: STOCKS - A Beginner's Guide & Running Record [Re: Terillius]
#8360930 - 05/04/08 11:12 AM (15 years, 8 months ago) |
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It depends on how much the buyer is willing to bid for the company that is being acquired.
For example, prior to Microsoft buying advertising firm aQuantive for $6 billion, aQuantive shares where trading at around $36. Given the $6 billion dollar bid divided by the number of outstanding shares of aQuantive, the deal caused aQuantive's stock to gain 85% as soon as the news broke.
On the other hand, you can have "takeunders" of companies that are struggling, like JPMorgan's $2 bid per share of Bear Stearns, a 93.3 percent discount to Bear Stearns' market capitalization as of the previous Friday. JP's bid was ultimately increased to around $10, but still way below where the stock was trading prior to the buyout.
And then there are many cases in between. The $31 per share Microsoft offered for Yahoo, was at the time a hefty premium to where the stock had been trading prior to the offer. But Yahoo seems to think they are worth more that, and so have been holding out for a higher bid - either from Microsoft directly, or from a third party. Now if Microsoft plays hardball, they may actually lower their bid as a way to penalize Yahoo for being so stubborn. Microsoft could claim that they have re-evaluated Yahoo's value and it simply isn't worth as much as it was when they first bid the $31 per share -- this would of course drive down the price of Yahoo shares. On the other hand, if another company came in to bid against Microsoft, the potential bidding war would cause Yahoo's shares to gain value.
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Terillius
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Re: STOCKS - A Beginner's Guide & Running Record [Re: geokills]
#8361103 - 05/04/08 12:05 PM (15 years, 8 months ago) |
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Ha! "takeunders" That sounds like how Bill Gates got a hold of DOS back in the day...
Thanks for all the commentary, btw, this is really interesting stuff.
I just saw Sun (JAVA) drop 22% on news of surprise losses. I am thinking this is a short-term trader's dream. There is no way such a large and well known company will go under and there is always a recovery after these knee-jerk reactions. What do you think? Grab a bunch and bank on that 22% recovery?
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geokills
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Re: STOCKS - A Beginner's Guide & Running Record [Re: Terillius]
#8361162 - 05/04/08 12:24 PM (15 years, 8 months ago) |
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I'd have to read through their quarterly report and listen to their conference call to give you an honest and informed opinion - then weigh their forward looking statements with respect to existing analyst expectations. If there is going to be continued weakness in their business, and analyst expectations are too high, that means there will be downgrades to come... and analyst downgrades can definitely weigh on a stock, even a beaten down one.
Coming off of little sleep preceeded by a wonderfully psychedelic evening, that's not something I'm up for right now. 
But if you are...
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Liquidkick
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Re: STOCKS - A Beginner's Guide & Running Record [Re: geokills]
#8363336 - 05/04/08 10:43 PM (15 years, 8 months ago) |
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There is no bidding war for yhoo...
Its gonna sell off tomorrow.
How low can it go? I have no idea.
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geokills
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Stock Update for May 5, 2008 - MO [Re: geokills]
#8366199 - 05/05/08 07:28 PM (15 years, 8 months ago) |
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- Altria (MO) - Bought 50 shares @ $20.75
Though I now have fairly sizeable positions in two tobacco stocks - both from the same parent - Philip Morris (PM) the international division, and Altria (MO) the domestic division; I've decided that Altria is trading just way too low given its respectable 5.8% dividend yield and stable earnings power. The stock has been beaten down about 8% from where it was only a week or two ago, and just today Altria announced that they will be terminating promotional discounts on popular brands including Parliament and Marlboro, and will be increasing prices by an average of 9 cents per pack. This is a fantastic sign, as people have been worried that Altria had no pricing power, so not only will this help calm those fears, but it will also help the company's profitability. If the stock should retreat back to (or under) $20 a share, I will be happy to pick up another 50 or 75 shares.
Discretionary Portfolio as of 5/5/2008:- 22% Cash
- 7.4% McDonalds (MCD)
- 6.9% Philip Morris (PM)
- 6.3% Schering Plough (SGP)
- 6.3% Proctor & Gamble (PG)
- 6.2% Transocean (RIG)
- 6.1% Yamana Gold (AUY)
- 5.7% Jones Apparel (JNY)
- 5.7% Deere (DE)
- 5.5% Sirius Satellite (SIRI)
- 5.5% Apple (AAPL)
- 4.9% Altria (MO)
- 4.4% Hudson City Bank (HCBK)
- 3.9% Petrobras (PBR)
- 3.3% UltraShort S&P500 ProShares (SDS)
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geokills
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Stock Update for May 7, 2008 - CPL, MCD, SDS [Re: geokills]
#8373293 - 05/07/08 02:06 PM (15 years, 8 months ago) |
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In anticipation of near-term weakness, I am initiating a new position in a high yielding foreign electric utility, taking some profits in a domestic casual dining company, and increasing my short position on the S&P 500.
- CPFL Energia (CPL) - Bought 25 shares at $73.99
Initiated a new position today in this Brazilian energy play. Brazil's economy has continued to see significantly greater strength that the US economy, and with energy prices on the rise, and consumers in Brazil buying new products/technology that require more energy, CPL stands to continue to benefit from increased energy use as it is one of Brazil's largest electric generator/distribution companies. This thesis has been supported through their strong revenue growth over past quarters, and to sweeten the deal, CPL trades at a Price-to-Earnings discount when compared to its peers in the same industry. On top of these solid fundamentals, CPL offers investors a better than 7% annual dividend payout at the current share price. As the stock is close to its 52-week high, I am scaling in slowly, buying only 25 shares to begin with. They will report earnings next Tuesday, which I expect will be positive, however the overall market has been approaching overbought territory after its exceptional rally from March through all of April. In fact, the expected pullback has already begun, with shares of this company trading down towards $71 this afternoon. I will look to shore up my position should shares break below $70 before the earnings report on Tuesday.
- McDonalds (MCD) - Sold 25 shares at $59.51
With shares now 10.6% above my average cost basis, I am going to sell 25 of my 90 shares in this company in order to protect some of the profits I've gained over the past months. Though I believe McDonalds can continue to grow through the rollout of its McCafe premium coffee offerings and its overall menu evolution towards more health conscious offerings, I believe the smart move is to take some of this position off of the table in case overall market weakness pulls down this casual dining company. I watched this stock break through $63 in December only to fall back to $50 by the end of January on a disappointing same-stores sales number, and I would hate to fall victim to a similar shortfall in the near future - particularly as the stock has risen over 13% in the last two months.
- UltraShort S&P500 ProShares (SDS) - Bought 20 shares at $57.09
Though this fund which returns two times the inverse movement of the S&P 500 is up some 4% today, it is still some 3 - 4% below where I initiated this hedge against market weakness in the beginning of April. With the various stock market oscillators showing the market as beginning to be overbought after its huge run from March through the first week of May, I am increasing my short position with the belief that the overall market could experience more weakness in the near term. This suspicion is also based on the fact that many of the short positions in financials, homebuilders, and mortgage-related companies have been covered. Fannie Mae (FNM) just reported a huge shortfall in earnings, a dividend cut, reduced guidance, and a secondary stock offering (which dilutes the value of existing shares), and yet the stock didn't even flinch. With that huge lot of bad news unable to move the stock down, it is likely the shorts are giving up and covering their positions. But once the shorts with weak hands have covered, that removes a lot of the underlying bids that have been supporting higher share prices. Banks such as Citigroup and Wachovia are not having great quarters and continue to issue new stock to build up capital anytime their shares are on the rise, thereby diluting the existing shares, which should cause the financials to trend down in the near term. Hence, we should be in for further declines over the next week. Nevertheless, the market is still way down from where it was in October last year, so the rally we've seen does have the potential to continue higher. This is why I've only bought 20 shares of this short fund for the time being.
Discretionary Portfolio as of 3/7/2008:- 19.9% Cash
- 7% Philip Morris (PM)
- 6.4% Transocean (RIG)
- 6.3% Yamana Gold (AUY)
- 6.2% Proctor & Gamble (PG)
- 6.1% Schering-Plough (SGP)
- 5.8% Sirius Satellite (SIRI)
- 5.7% Deere (DE)
- 5.7% Jones Apparel (JNY)
- 5.4% Apple (AAPL)
- 5.3% McDonalds (MCD)
- 4.9% Altria (MO)
- 4.9% UltraShort S&P500 ProShares (SDS)
- 4.2% Hudson City Bank (HCBK)
- 3.9% Petrobras (PBR)
- 2.4% CPFL Energia (CPL)
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Terillius
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Re: Stock Update for May 7, 2008 - CPL, MCD, SDS [Re: geokills]
#8379190 - 05/08/08 08:08 PM (15 years, 8 months ago) |
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This is really fantastic commentary. "...a domestic casual dining company..." Who knew McDonalds could be so classy. I feel like I am in New York.
Could you explain this fund?
"Though this fund which returns two times the inverse movement of the S&P 500"
This sounds like you get paid if the market goes down...?
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geokills
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Re: Stock Update for May 7, 2008 - CPL, MCD, SDS [Re: Terillius]
#8384274 - 05/10/08 02:48 AM (15 years, 8 months ago) |
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> Could you explain [the SDS UltraShort S&P500 ProShares fund]?
From Post #8233887:Quote:
This ETF returns two-times the inverse of the S&P 500 index. Therefore if the market goes down by 1%, this holding should return 2% in profit (and vice versa). Now that we've seen two weeks of strong gains and the various technical oscillators/indicators are showing that the market is overbought, I believe we could be in store for a bit of a pull back. In light of the expected jobs number tomorrow which is likely to support recessionary fears, I am putting 3.6% of the portfolio into this UltraShort ETF as a downside hedge against my long positions. Even if the market goes up tomorrow, I will probably hang onto this and add to it if we see continued strong gains. Because ultimately, the market is not out of the woods yet and there should still be some serious volatility over the coming months. I'd like to have somewhere to turn for profit on those down days, and this UltraShort ETF will provide that downside protection.
And as for McDonalds the classy casual dining company, I'll tell ya that the one in my town had a MAJOR overhaul done a few months ago. Instead of red, yellow, and white plastic everywhere, they now sport a soft brown and tan earth-toned interior, high bar stools and tables, cushy fabric lined booths, and champagne-flute style hanging lights! I still don't go there terribly often, but my other half loves the place so if I get a chance I'll try to snap a pic to prove my point. They aren't as focused on building new stores so much as they are on improving old stores these days, and this has really paid off for them. I hadn't visited my McDonalds in about three years prior to the remodel. Seeing all the construction piqued my interest and I went inside, and have been back three times in as many weeks since (mainly for their iced coffee)!
McD's is really uppin' their game.
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Terillius
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Re: Stock Update for May 7, 2008 - CPL, MCD, SDS [Re: geokills]
#8384815 - 05/10/08 10:26 AM (15 years, 8 months ago) |
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Quote:
geokills said: McD's is really uppin' their game.
I love their breakfast and they are always on the ball. There's nothing like a dollar menu assortment when the munchies strike. I haven't been inside one for a long time. I remember the "hungry colors" plastic benches and stuff though. Hmmm, I guess they fill a niche that is pretty necessary and stable even in down times.
If you aren't sick of questions, would you comment on dividend yield. I just read a page about it and it sounds like they send you a check for the yield percentage on stock you own. Is this true? I wish I had read up on that before I started.
Quote:
The changes witnessed in Microsoft in the last few years are a perfect illustration of what can happen when a firm's growth levels off. In Jan 2003, the company finally announced that it would pay a dividend: Microsoft had so much cash in the bank that it simply couldn't find enough worthwhile projects in which to invest - you can't be a high-flying growth stock forever!
The fact that Microsoft started to pay dividends did not signal the company's demise; it simply indicated that Microsoft had become a huge company and had entered a new stage in its life cycle, which meant it probably would not be able to double and triple at the pace it once did.
I looked at a bunch of different stocks to get an idea and I noticed that your tobacco (MO) and Brazilian energy (CPL) have seemingly huge payouts. Does a 7.73% yield mean that investing $1000 will get me $73 annually? What kind of obligation are the companies under as far as meeting their promised yield and when can they change the number?
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Terillius
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Re: Stock Update for May 7, 2008 - CPL, MCD, SDS [Re: Terillius]
#8384837 - 05/10/08 10:35 AM (15 years, 8 months ago) |
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Looks like I was almost to the section about my question:
How Dividends Work for Investors(Investopedia.com)
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geokills
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Re: Stock Update for May 7, 2008 - CPL, MCD, SDS [Re: Terillius]
#8386261 - 05/10/08 05:34 PM (15 years, 8 months ago) |
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Quote:
Terillius said:
I looked at a bunch of different stocks to get an idea [about dividends] and I noticed that your tobacco (MO) and Brazilian energy (CPL) have seemingly huge payouts. Does a 7.73% yield mean that investing $1000 will get me $73 annually? What kind of obligation are the companies under as far as meeting their promised yield and when can they change the number?
Though you probably already grasped this from your Investopedia link, dividends are a specified cash payout per share, that are most typically distributed to shareholders four times a year (once each quarter). If you have a $10 stock with a $0.25 quarterly dividend, the yield is 10% annually because you get $1 over the course of one year. You are paid a 10% return each year just for owning the stock, regardless of which direction the stock itself goes.
If you buy shares in a good dividend paying company with stable earnings power, they are essentially paying you to wait around while their stock appreciates over time. It's almost like a high yielding savings account, with the added upside potential of owning stock. BUT REMEMBER, there is also downside risk on the actual share price - a lot of good a 10% yield is going to do ya if the shares are going to get cut in half because of poor business performance!
Keep in mind that as a stock gains value, its dividend yield will decrease. That same $1 annual dividend on a $12 stock is now yielding only 8.3%. Likewise if a stock loses value, its dividend yield will increase. This inverse relationship between share price and dividend yield tends to cushion the fall on stocks with high dividend payouts. Because as the share price falls, the dividend yield just keeps getting larger and more attractive to new investors, who will come in to bid up (buy) the stock.
Companies can adjust or even eliminate their dividend as their Board of Directors deems appropriate. There is no guarantee that your dividend is completely safe. For example, most US banks have recently had to slash their dividends in order to preserve capital in the face of the poorly functioning credit markets.
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-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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Terillius
Renaissance Man


Registered: 07/21/06
Posts: 1,301
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Last seen: 3 years, 10 days
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Re: Stock Update for May 7, 2008 - CPL, MCD, SDS [Re: geokills]
#8387497 - 05/10/08 11:27 PM (15 years, 8 months ago) |
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Speaking of dividends, I should learn to listen to the master:
Quote:
Wednesday 05/07/2008 5:18 PM ET - Cnw Group
Potash Corporation of Saskatchewan Inc. announced today that its Board of Directors has declared a quarterly dividend of US $0.10 per share payable August 8, 2008 to shareholders of record July 18, 2008.
It's the next Microsoft...
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