First, while I was sleeping...Tesoro (TSO) suspended its dividend indefinitely, and Terra Nitrogen (TNH) failed to pay its dividend for the current quarter...shame on them. Therefore both stocks have been sold, allowing for 3 new stocks for March.
BP Prudhoe Bay Royalty Trust (BPT), Hugoton Royalty Trust (HGT)
Positives:
Massive 16% and 9.3% dividend yields respectively.
Negatives:
100% payout ratio (due to being trusts) equals lumpy dividends.
Prospect Capital (PSEC)
Positives:
13.9% dividend yield.
6+ year history of increased dividends.
Low forward P/E of 9.
Negatives:
Private equity / venture capital / risky financial company...buyer beware.
Here's my current portfolio. As always, I believe in all of these stocks - until I sell them.
Apple (AAPL) 10.66%
Southern Copper (SCCO) 10.21%
Google (GOOG) 8.84%
Dominion Resources Black Warrior Trust (DOM) 5.90%
The Distressed (ABK, AIG, BBI, BGP, C, CRIC, ENER, ETFC, F, FNM, GIGM, JSDA, JTX, MOT, MTLQQ.PK, PALM, PCS, WFC, YRCW) 5.83%
Ace Limited (ACE) 5.03%
Frontline (FRO) 4.54%
BP Prudhoe Bay Royalty Trust (BPT) 4.50%
Hugoton Royalty Trust (HGT) 4.43%
Prospect Capital (PSEC) 4.36%
American Software 3.89%
Blackstone (BX) 3.79%
Biovail (BVF) 3.30%
Great Northern Iron (GNI) 3.21%
Vodafone (VOD) 3.06%
Tidewater (TDW) 2.97%
Apache (APA) 2.95%
McDonald's (MCD) 2.80%
DuPont (DD) 2.46%
Annaly Capital Management (NLY) 2.43%
PDL BioPharma (PDLI) 2.30%
Cherokee (CHKE) 2.19%
Wednesday, March 3, 2010
Saturday, February 13, 2010
Stocks Of The Month: The Distressed 2010
I have to admit...I've been looking forward to this for a while.
Last February, I made the completely liberating decision to buy crappy stocks and not care if they lose money. Pleasantly/well timed to the market recovery, 7 of those 10 stocks are in the black one year later.
So I will repeat the selection progress from last year: 10 more lousy stocks, each 1/10th of what I usually invest per month. And 10 more snarky comments for each wretched stock.
Without further ado, I present to you the 10 newest members of "The Distressed" (percentages are from 52-week high):
Ambac Financial (ABK, -71%): bond insurer which somewhat famously imploded in the fall of 2008.
Blockbuster (BBI, -76%): just like Netflix, but with way more overhead and debt.
Borders (BGP, -73%): old-fashioned, old-media retailer very near to bankruptcy.
China Real Estate Information (CRIC, -45%): irresistible intersection of the twin bubbles of China and real estate.
Energy Conversion Devices (ENER, -74%): beat-down solar cell and nickel battery company.
E*Trade (ETFC, -49%): nearly wiped out by mortgage business. Minus points for annoying talking baby commercials.
GigaMedia (GIGM, -61%): the worst of many Chinese online gaming stocks.
Jackson Hewitt (JTX, -81%): completely inferior competitor to the larger, healthier HR Block.
Palm (PALM, -45%): largely invented the smartphone, only to get trampled by everyone else.
MetroPCS (PCS, -69%): second-tier mobile provider. Bonus points for "Tech & Talk" commercials.
Here's my current portfolio. As always, I believe in all of these stocks - until I sell them.
Southern Copper (PCU) 10.92%
Apple (AAPL) 10.67%
Google (GOOG) 9.03%
Terra Nitrogen (TNH) 6.82%
Dominion Resources Black Warrior Trust (DOM) 6.46%
The Distressed (ABK, AIG, BBI, BGP, C, CRIC, ENER, ETFC, F, FNM, GIGM, JSDA, JTX, MOT, MTLQQ.PK, PALM, PCS, WFC, YRCW) 5.76%
Ace Limited (ACE) 5.07%
Tesoro (TSO) 4.90%
Frontline (FRO) 4.55%
American Software 4.02%
Blackstone (BX) 3.66%
Biovail (BVF) 3.24%
Vodafone (VOD) 3.11%
Tidewater (TDW) 3.05%
Great Northern Iron (GNI) 3.03%
Apache (APA) 2.97%
McDonald's (MCD) 2.90%
DuPont (DD) 2.42%
Annaly Capital Management (NLY) 2.40%
PDL BioPharma (PDLI) 2.35%
Cherokee (CHKE) 2.19%
Last February, I made the completely liberating decision to buy crappy stocks and not care if they lose money. Pleasantly/well timed to the market recovery, 7 of those 10 stocks are in the black one year later.
So I will repeat the selection progress from last year: 10 more lousy stocks, each 1/10th of what I usually invest per month. And 10 more snarky comments for each wretched stock.
Without further ado, I present to you the 10 newest members of "The Distressed" (percentages are from 52-week high):
Ambac Financial (ABK, -71%): bond insurer which somewhat famously imploded in the fall of 2008.
Blockbuster (BBI, -76%): just like Netflix, but with way more overhead and debt.
Borders (BGP, -73%): old-fashioned, old-media retailer very near to bankruptcy.
China Real Estate Information (CRIC, -45%): irresistible intersection of the twin bubbles of China and real estate.
Energy Conversion Devices (ENER, -74%): beat-down solar cell and nickel battery company.
E*Trade (ETFC, -49%): nearly wiped out by mortgage business. Minus points for annoying talking baby commercials.
GigaMedia (GIGM, -61%): the worst of many Chinese online gaming stocks.
Jackson Hewitt (JTX, -81%): completely inferior competitor to the larger, healthier HR Block.
Palm (PALM, -45%): largely invented the smartphone, only to get trampled by everyone else.
MetroPCS (PCS, -69%): second-tier mobile provider. Bonus points for "Tech & Talk" commercials.
Here's my current portfolio. As always, I believe in all of these stocks - until I sell them.
Southern Copper (PCU) 10.92%
Apple (AAPL) 10.67%
Google (GOOG) 9.03%
Terra Nitrogen (TNH) 6.82%
Dominion Resources Black Warrior Trust (DOM) 6.46%
The Distressed (ABK, AIG, BBI, BGP, C, CRIC, ENER, ETFC, F, FNM, GIGM, JSDA, JTX, MOT, MTLQQ.PK, PALM, PCS, WFC, YRCW) 5.76%
Ace Limited (ACE) 5.07%
Tesoro (TSO) 4.90%
Frontline (FRO) 4.55%
American Software 4.02%
Blackstone (BX) 3.66%
Biovail (BVF) 3.24%
Vodafone (VOD) 3.11%
Tidewater (TDW) 3.05%
Great Northern Iron (GNI) 3.03%
Apache (APA) 2.97%
McDonald's (MCD) 2.90%
DuPont (DD) 2.42%
Annaly Capital Management (NLY) 2.40%
PDL BioPharma (PDLI) 2.35%
Cherokee (CHKE) 2.19%
Sunday, January 31, 2010
Stock Of The Month: NLY
For what it's worth, I still think Annaly is the best real estate stock out there (for those of you that really want to be in real estate). - January 1, 2009
I'm going to try something new for the Stock Of The Month: instead of a lot of blahblahblah (which usually reads remarkably similar from month to month), I'm just going to list the good and bad from Yahoo's Key Statistics page.
I'm going to try something new for the Stock Of The Month: instead of a lot of blahblahblah (which usually reads remarkably similar from month to month), I'm just going to list the good and bad from Yahoo's Key Statistics page.
Annaly Capital Management (NLY)
Positives:
Huge profit and operating margins (83% and 86% respectively).
+7% spread between ROE and ROA.
Positive operating cash flow ($9B).
Trailing P/E of 13, forward P/E of 6.
Whopping 17.3% dividend yield.
Negatives:
Huge debt ($57B)...of course, debt is their business.
Low insider holding (0.55%).
Here's my current portfolio. As always, I believe in all of these stocks - until I sell them.
Apple (AAPL) 10.70%
Southern Copper (PCU) 9.84%
Google (GOOG) 9.39%
Terra Nitrogen (TNH) 6.92%
Dominion Resources Black Warrior Trust (DOM) 6.68%
Frontline (FRO) 5.40%
Ace Limited (ACE) 5.36%
Tesoro (TSO) 5.35%
American Software 3.94%
Blackstone (BX) 3.53%
The Distressed (AIG, C, F, FNM, JSDA, MOT, MTLQQ.PK, WFC, YRCW) 3.42%
Biovail (BVF) 3.38%
Tidewater (TDW) 3.32%
Great Northern Iron (GNI) 3.22%
Vodafone (VOD) 3.21%
McDonald's (MCD) 3.00%
Apache (APA) 3.00%
DuPont (DD) 2.56%
Annaly Capital Management (NLY) 2.55%
PDL BioPharma (PDLI) 2.32%
Cherokee (CHKE) 2.23%
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