kid, I am aware of Sears'/Kenmore approach. But, Sears is not Home Depot or Lowes. I have first hand experience with the difference (unfortunately). And I was told by a friend who works for a wholesaler that products made for HD and L are made to be cheap...the emphasis is on price. Try this: Go to a HD, get the model no. from a GE dish washer, for example. Then try to find that model either on GE's website or at an independent retailer. It will be as if the model doesn't exist.
In its advetisements Stihl, maker of power tools, etc. emphazises that "There is a reason why our products can not be found at Home Depot or Lowes". I am not suggesting that 100% of the products sold at HD or L are made to different specs....but many are. I've been burned and I know why. If it has "moving parts" or parts that "wear" I will not buy from HD or L.
What would concern me is buying any product having moving parts from either Home Depot or Lowes. Companies,,...even major companies like GE,...make products specifically for those big box stores to the specs and cost requirements of the the stores. They are not the same products you'll find from the same manufacturers at independentlly owned stores and wholesalers. To meet cost targets corners have to be cut.
As much as I loved seeing UTX hovering around $120, I think the stock was overpriced at that level. In my opinion, ~ $105 is about right considering the PE, anticipated growth rate, dividend yield and dependence on Europe. Also, while Pratt's new engine, going into production in 2015, is great for the long term, it will put pressure on Pratt's margins for quite some time.
Semantics? Kid, if a company increases its dividend once a year, annually, would you say the dividend is increased every 5 quarters? The payout is the same for 5 quarters and in the 5th Q it goes up. Similarly, UTX's payout is the same for 5 quarters and in the sixth quarter it goes up. The company and analysts refer to that as increasing the dividend every FIVE quarters even though the first higher payout occurs in the sixth quarter. Semantics, me thinks.
Kid, usually you're a bit better with your facts. UTX has been increasing its dividend every 5 quarters, not every 6....there is no payout in November. Payout mounts are Mar, Jun, Sep and Dec. The next increase will occur in the Mar 2015 payout. Also, UTX's relatively low payout ratio, ~ 35%, is a good thing,...makes the div more secure. As for a 10-11% increase in Mar `15....I'm betting on less than 10%. UTC's cash flow is being squeezed a bit.
946, I think you may have misunderstood the purpose of my questions. A person's age and investment strategy are important factors when considering a stock. And you made an inquirery re purchase of a specific stock. I thought you were interested in some feedback. My mistake.
If UTC intends to split it will be announced at the annual meeting this month. There will be no dividend increase. The dividend will be reduced in proportion to the split so that the yield is unchanged.
I looked at my Income Fund balance from the beginning of 2013 to the end....the balance increased by 3.3%.....not 3%. So, while I, too, have read about the 0.31% management fee, it must come before the rate is given, i.e., the 3.3% is the "net" rate. As for 3.3% "not being too attractive", as one person said. In fact, when weighed on the basis of risk it's exceptionally attractive.
m088,....I presume you mean you have reached the age where required minimum withdrawals are mandatory. First, the RMDs are a small percentage of your savings...about 4%, Just pay the taxes and put the money in the bank. Second, don't be "afraid" of stocks. If you don't have any money invested in stocks you should...but, not now with the market at an all-time high. As airborne suggests, when there is a correction of ~ 10% consider investing in a "dividend growth" mutual fund. Many good firms like Fidelity, T.Rowe Price and Vangard offer such funds. Growing dividends are a very important element of investing and are paid by solid blue chip companies like UTC. Investing in companies like that through a dividend growth mutual fund is most definitely not "gambling". But, you can't worry when the market declines.....that happens. Pay no attention to the daily ups-and-downs of the market....take a long term view. Re the dividends payed by such a fund; you can either have them payed to you or reinvested.
Bottom line: Don't worry...modern life depends on good companies....they survive and thrive over time.
While $1.8 million is outrageous....the marketplace dictates the payscale for such positions. The real drain on CT's economy is not the pay of coaches; it's the benefits of state employees, especially retirement benefits. The resulting high tax rates drive businesses away..not the least important of which is UTC..
Pratt doesn't offer an engine for the latest 777s......the GP-7000 has more than half the orders for the very slow-selling A380. Pratt's focus is on the A320 narrow-body and the smaller regionals. You're right, of course, UTC makes tons of other stuff for those planes.
Today UTC announced a dividend increase by the rather odd amount of 58.9 cents per quarter. That correspponds exactly to a 10% increase, indicative of UTC's intent to increase the dividend by "double digits" every five quarters.
I don't understand this. S didn't develop a helo from scratch for the Canadians. The military version of the S-92 (H-92?) was flying...a proven design. What possibly could Canada wanted changed that would result is such incredible trouble for so many years?