I agree....the selling is definitely overdone. As I have done MANY times before, I am adding to my position as the stock approaches it's 52 week low which has made me a very happy investor.
As a result of being a longtime shareholder of the old Phillip Morris, I now own four different stocks due to all the spinoffs. The 2008 Altria/Phillip Morris International breakup resulted in a similar situation to the KFT split as we received shares of both the higher growth International company and the lower growth domestic company which was touted as more of a dividend play. By my calculations, shares of PM have increased about 43% over that span with the quarterly dividend increasing from .46 to .88 to remain fairly constant at around 3.7%. Shares of Altria have increased approximately 29% with the quarterly moving from .29 per quarter to the most recent .44 for a yield in encess of 5%. Each piece has turned out to be a good investment with annual total return in excess of 10% however PM has proven to be the better investment. Since Kraft was spun off in March of 2007 the price is up about 31% with most of that gain coming after the lastest spinoff was announced. Although it paid a dividend that has grown above 4% the stock was stuck in a very narrow trading range for years. Though the current 4.5% yield appears enticing, domestic growth is expected to be in the low single digits. I believe MDLZ to be the better investment with considerably higher growth prospects in emerging markets however with a dividend yield of only about 1.9%, it will not excite an investor who is seking yield. Right now I am leaning toward selling my shares of KRFT and considering putting at least some of the money in MDLZ although I'm sure there are much better investments out there.
I would LOVE for this stock to get to $30 not because I'm shorting but because I bought a ton of it the last time everyone hated it and given the chance I'll do the same again but it won't happen, already oversold and smart investors are starting to jump in.
Not one of our better presidents but nowhere near as bad as the trainwreck that is Obama. All he's done is advocate free health care for the occupy Wall St.crowd, illegal aliens and other assorted losers, apologize to all our enemies for all our military action and bail out the crooks who run the financial institutions.
Having studied a 5 year chart of WTR I don't see how you could possibly be telling the truth unless you put most of the money in at the start. There have only been a few brief periods during which the stock has traded higher than where it is currently and for most of that 5 year period it has traded considerably lower. If you had honestly stayed the course and continued to invest consistently while reinvesting the dividends which is what DRIP investing is all about I don't see how you could possibly have lost money. Having said that obviously if you are not a fan of a stock you are better off moving on. I've been dripping with WTR for longer than 5 years and while it has'nt been my best performing stock I have done very well with it.
To the naysayers who have continuously predicted doom and gloom for BPL I extend to you a heartfelt thank you. I have made a point of adding to my position whenever investors have headed for the exits and this time is no exception. It is a strategy that has made me a ton of money over the years and is earning me an overall yield well in excess of 10%. BPL's buisness is solid and not going anywhere and if it does reach $46 I will gladly add even more shares.
Is there a big difference between buying the B shares of BRK and the A shares of which I could not come close to affording even a single share? In other words, am I simply getting a much smaller slice of the same pie or is there more to it? Thank you in advance for any insight.
The only way you could possibly be down that much with dividends being reinvested is if you bought all your shares when WTR was near it's all time high. If that's the case you should not be holding DRIPS accounts. The whole idea is to add to your position incrementally and even moreso when the price is down. There have been numerous opportunities to buy this stock at well under $20 over the past several years. You sound like one of those but high, sell low guys.
Judging by 11 consecutive quarters of increases and the fact that the distribution went up 3 cents in Feb. anything is possible.
I would really have to think twice about shorting any coal stock right now. Given what just happened in Japan and all the recent declarations by politicians all over that there will be no new nuclear facilities in their areas I think things are looking pretty rosy for them. Without nukes there really are'nt many alternatives.
If you truly believe Manhattan real estate will disappoint over the next decade maybe the market is no place for you. Sound like a short who is still licking his wounds.
It was under 16 as recently as November. Once the housing market finally starts to improve earnings will go way up and so will the dividends since this is now trading as a REIT.
It's up 20 points in the last ten days. Obviously people are trading this stock as it moves up and down but I would'nt want to be shorting it, that's been a losing proposition for most.