Their profit seems to be improving, but stock price in a long term down trend. Hmmm...
...seems like a good time to buy then if holding for long term. The dividend is over 7%.
Their profit seems to be improving, but stock price in a long term down trend. Hmmm...
...seems like a good time to buy then if holding for long term. The dividend is over 7%.
i'm in ATT at a higher price than it's trading at now. everything i read assures me that the div is safe. seeking alpha has a lot of articles with financial analysis on it
I’m converting my entire portfolio to T today. Crazy I know, but no nuts no glory.
Ummm what? Yikes. They couldn't have botched DirectTV any worse. I did own some ATT and a couple call options when it went from $30 to $40 but it just has terrible management and a gigantic pile of debt.
I keep glancing over at BP with an 18-handle, and I am trying hard not to be tempted by it. But I keep looking at it...
I’m converting my entire portfolio to T today. Crazy I know, but no nuts no glory.
they are the woke leftist oil major. carbon neutral, solar, wind, etc. also big on preferring gays, women, etc
I don't care about any of that as long as the dividend keeps coming, and it gives me a good yield.
Is a screwing coming my way?
“Shares of Duke Energy gained on Wednesday after reports said the power giant rebuffed a potential takeover bid from NextEra Energy, the world's largest utility owner by market value, paving the way for another bid.”
The situation. Duke Energy (DUK) is an acquisition target of Next Era Energy (NEE). Duke just rebuffed Next Era’s offer. So what does this mean. Well for starters, a rebuff does not necessarily kill the attempt by NEE. If DUK is interested, they may just be playing “hard to get” and really want a better offer. I think I’m going to be screwed dividend wise if the merger actually does happen.
Company / Current Price / Dividend
DUK / $87.45 / $ 3.86 / 4.68%
NEE / $272.81 / $5.60 / 1.98%
Assuming I have 1000 shares of DUK. 1000 x 3.86 = $3860 dividend/yr
Now usually a premium is offered in a buyout, but since we have no idea if this is true, I’m assuming a direct exchange of 87.45/272.81 = approx. 0.3205 shares of NEE for every 1 share of DUK.
After the buyout, I’ll have 1000 x 0.3205 = 320.5 shares of NEE
Remember NEE dividend is $5.60/sh/yr, so 320.5 x $5.60 = $1794.80 dividend/yr.
Yearly dividend loss: $3860 - $1794.80 = $2065.20
If I sell my new NEE share to perhaps buy something with a better dividend, I will get crushed with capital gains.
Yep, getting screwed.
A little bit lower, perhaps in October I'd look at a stock like 3M. They've got a nice yield 3.68% (possibly get around 4 or more if it drops) plus a decent volatility for options.
that's brutal. i would hold to see how it shakes out.
I originally had another power company that I was quite happy with. Then Duke comes along and buys them. Duke sold for more than my company and I took a haircut with the number of shares I had. I wasn't particularly happy with that. But dividend for dividend they were pretty close. So that made me somewhat happier. Duk had since shown to be a good dividend payer. They just increased their dividend this quarter too.
I did that post as a warning to all dividend investors. Watch your holdings. Just because your dividend is rosy today, doesn't mean it will be forever.
@Voodoo - if I understood options better (then I do) I would be trading them. Maybe when I retire, I'll have time to figure it out.
this guy says academy valuation is cheap, doubts growth going forward. i'm taking the other side - new stores and territories to grow the eps
https://seekingalpha.com/article/4377961-academy-sports-and-outdoors-cheap-probably-for-reason
Up in da north we have Dicks and Dunham’s and I don’t know how either keeps their lights on with the small amount of foot traffic they get. I’m not too familiar with Academy but going all in on retail (sporting goods) has got to be more than a little risky. If Covid shutdown part 2 gets implemented this thing could be a single digit stock overnight and you won’t have a dividend to collect while you ride out the storm.
View attachment 185437
T up 6.4% for the day. I averaged my share costs down to 28.36 on the recent weakness. I’m looking kinda smart right now.
Checking out PRU right now.
Checking out PRU right now.
Haven't read the whole thread, so I may be repeating something already shared. Beware XOM. They have suspended 401k matching contributions and are currently billions of dollars in the red for the year. They are not too big to fail and, actually, the gargantuan size of the company may, in fact, be their doom. DYODD.
I work for a major US oil company. Share price and shareholder return drive all decision making, period. XOM is in big financial trouble. They are 10s of billions in the red.i was shocked when they chose the dividend over the 401 match. imo a div cut is coming if the flu shutdowns continue into 2021
I work for a major US oil company. Share price and shareholder return drive all decision making, period. XOM is in big financial trouble. They are 10s of billions in the red.
No, sir, no layoffs. I am hourly. Been there 28 years and have watched the refinery morph from a Mom and Pop operation feel to a pawn in the corporate portfolio. We are the cash cow that finances all of the projects going on in the Gulf area, and have been told that is, in fact, our purpose. It's been a good ride, and I am thankful for, and blessed because of, my job- but I miss the water fights that we used to have on shift with the fire monitors. The company has no humor for that sort of nonsense these days.has your corp started layoffs yet? it's no time to be in mid/low management in the oil biz
i retired from supermajor oil corp last year. they pissed me off one too many times.
they operated under the opposite of your statement. felt like we were no longer a profit seeking venture -- more of a leftist government propaganda organization. profits were secondary (at best)
No, sir, no layoffs. I am hourly. Been there 28 years and have watched the refinery morph from a Mom and Pop operation feel to a pawn in the corporate portfolio. We are the cash cow that finances all of the projects going on in the Gulf area, and have been told that is, in fact, our purpose. It's been a good ride, and I am thankful for, and blessed because of, my job- but I miss the water fights that we used to have on shift with the fire monitors. The company has no humor for that sort of nonsense these days.
i was getting ready to add to T. it was getting too low.
can you sprinkle some of your magic on exxon? i'm taking a beating on that thing
i'm seriously thinking about taking a small position in kinder morgan - one of he bluest chips of the pipeline/terminal biz. they raised their dividend in this horrific oil market. div is over 8 percent
academy sports is up double digit percentage since i recommended on here - not bad in a flat market