At this price and with a 12% payout, and cash to cover the payout, AND the Con Ed connection, this looks VERY good - I hold Con Ed which is why this came up on my radar - I think a lot of other ED investors will be over here in the next few weeks. I am a long term investor - have held Con Ed for 15 years - they always increase their dividend.
The market seems to like the resolution with Bluestone and the end of the Quicksilver bankruptcy ongoing process. . .maybe this long suffering stock will see better days.
I can't see any real reason why this stock has come down from 60 to 43 - the earnings look good and the dividend was increased. . .is it just the bad market or am I missing some big news here??
there go the Saudi oil fields - bring on the North Dakota Shale!!
lack of volume and lack of any board interest shows that all the sellers of 4 or 10 shares from spinoff are gone. . .I am amazed at the lack of knowledge (but I shouldn't be) by investors who didn't even know they were getting spinoff shares - they just "turned up" over the weekend - don't people read the information that brokers send out, or press releases???
I wasn't going to chase this up, so today's small investor selling (many sales of 3 or 4 shares) took the price down fast, and I got my Christmas wish.
Fools sell - I buy -
The quarterly earnings were .40 and if we assume that will remain at least at .40 x 4 - $1.60 a year times a low PE of 12-14 range, and you have a fair valuation of between 17-20 a share. PLUS a 7% dividend at today's 14 price. . .BTW - THANK YOU newbies for driving the price down so I could pick up more shares this morning at 14!!!
This is great news for pipelines - sooner or later oil will recover and USA will be exporting to our allies - especially with problems in the Middle East and possible terrorism of Saudi ports and oil fields.
The Budget Bill was a RIDER on the Export Ban Lift - not the other way around - mark my words - when the Saudi port has even an attempted attack, oil will shot to $70 in minutes and American exports will soar!! In the meantime USA oil companies will take a page from the Saudi's and build market share with Japan and South America. All that oil will go through KMI pipelines.
I am already sorry I didn't buy more yesterday - I rounded up from odd shares to 100 in each account - so just have 300 shares - will likely build a position to 1000 or so as RMR seems a better bet than my long suffering SNH!!
Interesting, I have held SWZ for now about 8 years, and have always reinvested my dividends - I now own more shares than I bought, so even this current .43 cent payout means $2000 on my 5000 shares. . .when they do a large $2,00 payout, I really clean up - I live in Zurich two months of the year, so I found this was the best way to invest in the Swiss economy without foreign tax headaches. . .I love Nestle and Novartis, Roche, etc. . .so why not??
wow - from 1.92 - 2.05 in one day for this stock, and on thin trading - LIMIT ORDERS please . . .I am here for the long run, but I don't like to get indigestion at lunch!!
There is an article in today's WSJ (November 14)which mentions the Targa takeover could generate a large UBIT tax - would that impact holders of Targa Resources, or holers of Targa Corp. . .or both if held in IRA?
I agree 100% - your points are pretty much my thinking - that is why I have been buying more. I have owned SNH for about 10 years, so the high dividend yield has essentially paid for my original purchase. People really don't care about dividends they want a quick buck on Tesla, or are scared off because the 10 year t-bill is now paying 2.30% - do you want 2.3% or 10% . . .a no brain decision in my book.
I had to buy more SNH this morning - I know this is not a great growth company, but they DO grow -and pay 10% while I am waiting- hey 4% growth a year is 40% in ten years - better than the economy!
Lost in the discussion about slow Asian markets for AMNF was the note about paying off long term debt in 2017. For those of use who have been here more than 10 years, this is a nice item to see. In this day and age of massive corporate debt (and government debt) it is nice to see a company growing cash. I can't predict the stock market, but if we do slide into recession, being in a strong cash position is where I want to be in a company. Hats off to Armanino management for a well run company.
I often say, that no one wants money anymore - I have held SXL for 7 years now, and with the split have 6000 shares - this puts more money into my pocket than any other investment - what do they have to do these days to get respect!. . .14 consecutive quarterly increases - what more does Wall Street want?