Don't forget, insider selling is not as revealing as insider buying. People sell for all types of reasons not necessarily related to the company. Insider buying is a much better tell.
I think the U.K. stopped taxing dividends paid to U.S. shareholders a few years ago but this is relatively new.
Typically, you don't want to own these foreign dividend paying stocks in retirement accounts because the taxes are withheld by the foreign country despite being paid to a tax deferred account.
If the stock is owned in a taxable account, you will receive a credit on your U.S. tax return which essentially eliminates the U.S. tax on the dividend income (no double taxation).
You might want to take a look at BWEN. I happen to like the alternative energy story right now. These guys are setting themselves up to be one of the few pure plays because wind is all they do and they are vertically integrated. Read the recent news and check out the insiders.
Be careful though, this stock is very speculative and has been moving very dramatically of late. Pick your buy points carefully.
Wow, I never realized people felt so strongly about Cramer. Time for my two cents.
I would suggest that you continue to watch his show. He does give some really good ideas and if you are a newbie, you will learn a lot of investing fundamentals and analysis. Having said that, never buy a stock based solely on his pitch. Also, never buy a stock he likes until you watch it for a few weeks, monitor how the price moves, get familiar with its particular story and its sector story. Most importantly, the reason for buying the stock has to make sense to you, regardless of what other people are saying. FWIW - I have made a lot of money using his ideas (not always his stocks, clearly he got DSX wrong).
Regarding DE...I'm guessing you bought it as an ag play since this is how Cramer was touting it. I think it is a good long-term story (FYI - I DON'T own DE). All you have to do is read the U.N. story today. It did get smacked around a little due to the earnings report, but these are short-term problems (raw materials costs & building sector). Since the earnings report, they have increase their dividend & stock buy back plan, announced the acquisition of an irrigation/water management company and is expanding its capacity of harvesting equipment. Point is, the story and reason you probably bought the stock is still there and has not changed.
Hope I don't piss too many people off with my view regarding Cramer.
PS - If you do watch the show - ignore the lightening round. Nothing good ever comes from it.
We are reading POT the same. $190 is the point I will pick up some more also (only sold 1/2 my position today). The U.N. story really helped with the pop today and we may see some more buying tomorrow off it, but there should be some profit taking by the end of the week. It is a great long-term story, though.
Increased profits=increased share price=capital gains (if over 1 year, 15%tax just like divs).
Funny-I sold POT today also for $210 (not as smart as you-lol).
I don't understand this either. In the last earnings release, the CEO states that 95% of remaining days in 2008 are already booked at between 241 - 247mil. Using conservative #s, the revenue should easily sustain the $.85 dividend (it probably will increase to the rage of $1), meaning the current yield is in the neighborhood of 10%. Seems like a no-brainer to me.
Just an idea - Bernanke's comments today signaled the end of rate cuts (which was expected but not yet confirmed). This should help strengthen the dollar. Given the volume of overseas business - could the drop simply be a reaction to his comments?
I guess you're quitting, then?
I do agree that Cramer has a way of moving things. Like G&N says, you need a little patience.
I think the idea is wind is in its infancy stage and the point Cramer is trying to make is the companies with wind exposure should be growthing that particular business segment very rapidly. That's his "new technology". The news headlines also support this position. So hopefully, this will amount to much more that 4% of revenue in the future. In the mean time, it might make sense to wait to buy this one as it seems to be experiencing the "Cramer pop".
I happened to have owned DSX when Cramer made his sell call and I ignored him and held on knowing he isn't always right. You can't just rely solely on his call - you've got to do your own work. However, he does give out some really good ideas. He also does a really, really good job explaning the market to people who may not necessarily have a MBA in finance. Back yo WGOV - any good thoughts?