-
Recent Posts
Recent Comments
Archives
- October 2015
- August 2015
- July 2015
- June 2015
- May 2015
- April 2015
- March 2015
- February 2015
- January 2015
- December 2014
- November 2014
- October 2014
- September 2014
- August 2014
- July 2014
- June 2014
- May 2014
- April 2014
- March 2014
- February 2014
- January 2014
- December 2013
- November 2013
- October 2013
- September 2013
- August 2013
- July 2013
- June 2013
- May 2013
- April 2013
- March 2013
- February 2013
- January 2013
- December 2012
- November 2012
- October 2012
- September 2012
- August 2012
- July 2012
- June 2012
Categories
Meta
Tag Archives: dividends
WSJ Misinterprets Its Own Data to Demonstrate Companies Are Spending Too Little on Capex, too much on Dividends & Buy-backs
To its credit, the WSJ did some serious quantitative work in an effort to determine whether Blackrock’s Larry Fink is correct that companies are paying out too much money to shareholders while starving capital investment. Fink is right, the Journal … Continue reading
The PETRR Principal: How to Compare Growth Stocks and Yield Stocks
Today’s Wall Street Journal points out that despite weak EPS growth Procter & Gamble commands a higher PE ratio than Google because it has a juicy dividend. Investors reaching for yield are piling into high dividend stocks without paying much … Continue reading
Posted in Uncategorized
Tagged dividend stocks, dividends, growth stocks, stock market, stock valuations
Leave a comment
Valuation Levitation?
For the past four years I have been asking: “Why do so many investors want to own a bond that pays 2% when they could own a basket of blue-chip stocks with a dividend yield of over 3% AND the … Continue reading
Posted in Uncategorized
Tagged dividends, stock market history, stock market valuation
Leave a comment
Off the Dividend Cliff?
Focus on the recession risk posed by the “Fiscal Cliff” has diverted attention from a the Dividend Cliff written into current law. Prior to 2003 dividends were taxed as ordinary income at a taxpayer’s marginal income tax rate—far above the … Continue reading
“Not Doing Too Much” – Smart Cash Deployment Enhances Total Return
Twelve years ago stock market investing was all about earnings growth while dividends were BORING. Now the reverse is true, with investors “reaching for yield” while growth is, arguably, under-priced. Investors need a framework for evaluating the trade-off between growth … Continue reading
Are Dividend Growth Stocks Overvalued?
Dividend growth stocks are so 2011. Yesterday, a portfolio manager was interviewed on CNBC. “What are you recommending?” ” We like high quality dividend growth stocks.” “Everyone says that.” Sometimes, “everyone” is not wrong. Perhaps because equities are generally out of … Continue reading