It was around $.65/share previously, but since Yahoo's summary shows an annual dividend of only $.54/share, investors should be aware that it's much higher than Yahoo might lead you to believe.
I've been patiently waiting months for the 30-year yield to hit 4%, my next buying target (I bought at 3.5% and 3.75%). Yields just can't seem to get over the hump to that level.
Rates might go up briefly when the "taper" finally comes, as the Fed has convinced so many investors that only its magic bond-buying keeps rates down (just one more unintended consequence in a growing list). In previous iterations of QE, rates briefly jumped when the bond-buying stopped, and every single time rates soon started falling (at times dramatically) when economic reality hit. In an economy that averages sub-2% growth, and sub-1% inflation, any increase in rates is not sustainable over the longer term.
I'm convinced and I'm selling. And I'm going to use all my proceeds to buy amazon stock.
Gross US public debt is about 107% of GDP. Gross Japanese public debt is about 230% of its GDP. The levels of private debt are important too, but I'm just focusing on the public debt at the moment.
Foreigners own a little over 50% of the outstanding US treasuries, but it’s concentrated in the short-term (2-year and under) market. They only own about 8% of the treasury market with maturities over 10 years. Long-term bonds are thus principally a domestic market.
Not sure, but there are several stocks on my screen dropping for no particular reason (Campbell's Soup; Starbucks). TCS reminds me a little of Restoration Hardware, whose stock also inexplicably bounced up and down early on (maybe because they are thinly traded?). I bought TCS the day of the IPO, and won't judge the investment for at least 5 years. They have a nice niche, happy employees, and offer a great customer experience. Now if they could just turn a profit. :)
I'm not a BBRY hater, but I watch it because of the lessons that can be learned. It's always curious to me that many people will just hang on to a stock to the bitter end (ego? emotions?) instead of cutting their losses and moving on. For all I know, BBRY bounces after the capitulation is finished (who knows?), but it has to be a painful ride for anyone who's been in this name for any significant period of time.
That's not how bonds work. Japan has twice the debt load we do, and interest rates that are less than half of ours. A huge debt overhang actually suppresses rates because the interest payments suck oxygen out of the economy. All additional debt is simply future consumption denied, so the economy slows down even more over time.
The VXX, haha, that's a good one. Ever looked at a 5-year chart of VXX? It goes down 95% of the time, with occasional, unpredictable spikes. VXX is an excellent way to #$%$ away money, if that's what you really want to do.
Go take a look at MIT's Billion Prices Project chart, which is updated daily. Inflation there is running just below 2%. Have you been to the mall lately? Desperate retailers are slashing prices for the holidays. Have you been to the gas station lately? Gas is cheaper than it was a year ago. Everyone expecting inflation fixates on prices that are going up, but ignore the prices that are going down.
Inflation in the UK is running at 2.7% YoY, while ours has actually dipped below 1%. There's also strong evidence of a new housing bubble forming over there. It's hard to find any similarity at all between the US and UK at the moment.
Credit Suisse started the stock as Outperform with a $45 price target. Credit Suisse said:
"Over our close to 30 years covering retailers, there have been a small group of retailers that emerged above the fray, companies that put the customer on a pedestal and appreciated that they exist because of the customer and not vice versa. We place The Container Store in that group. Given its small size, just 63 stores and the potential for over 300 U.S. locations, we believe that positions The Container Store as one of the best growth names in our coverage."
The underwriter quiet period ended today, allowing the Container Store's IPO underwriters to now release research reports on the firm into the market. Per Seeking Alpha:
"Our research over the past two years and recent academic studies have provided empirical evidence of a positive correlation between the number and quality of IPO underwriters and a rise in the price of shares with ending of the quiet period. The effect generally begins several days in advance of the expiration of the quiet period, as investors purchase shares in anticipation of the underwriters' release of positive information; these investors realize that the underwriters will not release negative information about a firm that they recently underwrote."
Google 'yahoo finance workaround' and you'll find ways to restore your old settings. For your desktop, just add "/switch" to the end of your my.yahoo address. For a tablet device, you'll need to use the Canadian Yahoo site. But I agree, all the changes have been stupid.
At the moment, the risk of deflation higher than inflation. This morning's CPI printed at 0.96% for October YoY, continuing a downward trend. My guess is that we are the new Japan, and are in for a decade of ultra-low interest rates. We shall see...
I think you're probably right about the economy, but unless people are worried about tenants going out of business, this should be positive for REITs. A slowing economy (and low inflation) will ultimately lead to lower interest rates (regardless of whether the Fed tapers or not), and that will be positive for REITs (their borrowing costs will be lower, and the dividends to shareholders will be even more coveted). So the recent weakness in REIT prices is not really logical.