tag:blogger.com,1999:blog-11555494364763484802023-11-16T01:25:18.369-05:00The Twenty Year Millionairean average mans march towards financial freedomCraig Mackhttp://www.blogger.com/profile/16456650134107539686noreply@blogger.comBlogger60125tag:blogger.com,1999:blog-1155549436476348480.post-33964006503834982952011-08-22T20:41:00.000-04:002011-08-22T20:41:24.590-04:00T20YM: The Boeing Company (BA) Strong Buy<b><span class="Apple-style-span" style="color: #6aa84f;">The Boeing Company (BA)</span></b><br />
<b><span class="Apple-style-span" style="color: #6aa84f;">Industry: Aerospace and Defense</span></b><br />
<b><span class="Apple-style-span" style="color: #6aa84f;">Current Dividend Yield: 2.9%</span></b><br />
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The Boeing Company is the world’s largest aerospace and defense company. It operates worldwide and is the largest exporter in the United States. Its three main divisions are Commercial Airline, Integrated Defense Systems, and Boeing Capital.<br />
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Business Segments:<br />
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<b><span class="Apple-style-span" style="color: white;">Commercial Airplanes: 50%</span></b><br />
From the iconic 747 to the all-new 787 Dreamliner, Boeing delivers a family of technologically advanced and efficient airplanes to customers around the world.[1] With a global aerospace refresh starting anew, Boeing can expect to see an increase in demand for its planes in the coming quarters. In fact, Boeing has recently received one of its largest orders to date from American Airlines. Boeing did split this order with is closest competitor, EADS NV (EADSY) but if we take management's word for it, they simply couldn’t produce enough planes to fill the order by themselves.<br />
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<b>Integrated Defense Systems: 50%</b><br />
Boeing is a recognized leader in providing and supporting large-scale systems that combine sophisticated communications networks with air-, land-, sea- and space-based platforms for military, government and commercial customers around the world.<br />
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Key IDS products are: fighter jets, rotocraft, large aircraft, missiles/bombs, satellites, communication systems, space systems and launch systems<br />
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Investors have recently been concerned with the U.S government’s contraction in defense spending. I acknowledge this is a legitimate concern, however it's not one that I am losing sleep over. The fact of the matter is that America is perpetually at war. This is not a political statement. It is what it is.<br />
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Let’s take a look at Boeing's fundamentals’:<br />
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<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi4D7HN9qydVfbWnm7EUz07VVKxluMygwiN0NoDPlZIsSIeYJuDtfTkQDhcMKzku8PZAA5AndjCe-X6i96xsA7LPYBm4XBO0g96oXku8jFrwB6RBb-SHvvMGxK02DGzrd4jlzizulLZJ2c/s1600/ba+original.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="107" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi4D7HN9qydVfbWnm7EUz07VVKxluMygwiN0NoDPlZIsSIeYJuDtfTkQDhcMKzku8PZAA5AndjCe-X6i96xsA7LPYBm4XBO0g96oXku8jFrwB6RBb-SHvvMGxK02DGzrd4jlzizulLZJ2c/s400/ba+original.jpg" width="400" /></a></div><br />
With cyclical companies such as Boeing, it’s important to not get caught up with 7-year averages and ratios. Even with Boeing’s cyclicality, its 7-year ROE is a respectable 14.6%. Additionally, it is trading at a considerable discount to its historic P/E. Read the rest of the article <a href="http://seekingalpha.com/article/288645-best-in-breed-dividend-stocks-abbott-labs-boeing">here.</a>Craig Mackhttp://www.blogger.com/profile/16456650134107539686noreply@blogger.com1tag:blogger.com,1999:blog-1155549436476348480.post-27217303141597175042011-08-14T18:23:00.000-04:002011-08-14T18:23:26.333-04:00Best in Breed Dividend Stocks: Portfolio Check UpOver the last week I received numerous emails regarding my last column on Seeking Alpha. Readers inquired why I was so negative on the market. Other than the macro elements that I laid out, the market had set itself up for a psychological correction.<br />
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Generally speaking, I am a firm believer in the efficient market theory. I believe most equities trade at, or near, their true market value. There is little to no money to be made when equities are fairly valued. Alpha becomes harder and harder to come by.<br />
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When markets are in a sustained uptrend, as we witnessed throughout the duration of QE2, they begin to trade with a sense of invincibility. We forget to worry or factor in risk. Riskier assets simply become conduits to greater returns. With the Bernanke ‘put’ in place, there was no downside risk. The only way to generate alpha was to chase greater risk. When this occurs, the efficient market theory quickly devolves into the ‘castle in the air’ theory, or more aptly, the ‘greater fool’ theory.<br />
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All equities begin to trade at multiples that are unwarranted, limiting upside while exacerbating downside risk. Who was buying Open Table (OPEN), Salesforce (CRM) and Netflix (NFLX) at these multiples? I guess there is always a greater fool waiting to carry your bag, so why worry?<br />
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Eventually this over exuberance comes to end. In our recent scenario, Bernanke took off the training wheels and we had the sudden realization that the US economy was not ready to ride on its own. We careened off the edge at full speed. Selling begets selling, and the market became increasingly irrational. Risk begins to rear its ugly head and the weak retreat to the security of their bank accounts.<br />
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This is capitulation. This is purely psychological, and it’s exactly the time to purchase equities. This is when real money is made.<br />
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Read the rest of the article <a href="http://seekingalpha.com/article/287206-best-in-breed-dividend-stocks-portfolio-check-up">here</a>Craig Mackhttp://www.blogger.com/profile/16456650134107539686noreply@blogger.com2tag:blogger.com,1999:blog-1155549436476348480.post-80941326542263088842011-08-08T12:59:00.000-04:002011-08-08T12:59:42.389-04:00T20YM: Time to Pick Em'It’s been over six months since I penned my Best in Breed Dividend Stock series for Seeking Alpha. For the majority of that time, the markets have been on an unsustainable trend upwards. I have refrained from writing individual analyses as I simply did not trust the multiples being awarded to equities. I couldn’t bring myself to recommend stocks at such lofty levels. Lucky for us, there was the end of July and first week of August …<br />
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<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEghg5jOCw6oVub3rxox4pCdvezvQvyWbTq1pAiT1-XXn7qvVopvCXXfjxQ_3bpY4395zy857HLkexr_pvWMiR7DlTt2uxxKg1kRrddIqHtT5i9tc-NZBXSad1DYFp0ZKY9inw1RYAOTcNc/s1600/572488-131276711496759-Craig-Walendziak_origin.png" imageanchor="1" style=""><img border="0" height="242" width="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEghg5jOCw6oVub3rxox4pCdvezvQvyWbTq1pAiT1-XXn7qvVopvCXXfjxQ_3bpY4395zy857HLkexr_pvWMiR7DlTt2uxxKg1kRrddIqHtT5i9tc-NZBXSad1DYFp0ZKY9inw1RYAOTcNc/s320/572488-131276711496759-Craig-Walendziak_origin.png" /></a></div><br />
Pardon me while I chuckle.<br />
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How did you not see this coming? Let’s break down just some of market headwinds we have seen over the last two months; the end of QE2, lingering effects of the Japanese earthquake and tsunami, a growing European sovereign debt crisis, and increasingly negative U.S. economic data points. Just how bad were those U.S data points? How about a Q1 GDP revision down to .4% and Q2 GDP coming in at whopping 1.3%? Let’s not forget the July ISM number plummeting to 50.9%, its lowest reading since August of 2009. Sprinkle in some truly dreadful employment numbers and you have a surefire recipe for disaster. Anyone who is blaming this on the debt ceiling debate is fooling themselves. There’s a reason companies are sitting on oodles of cash and not hiring. There’s a reason why companies have been conservative with their Q3 guidance. The world’s economy is slowing down. We need to accept this as fact and allocate capital accordingly.<br />
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So with all that doom and gloom how can I possibly recommend investing in equities? Look, things are bad, but the world is not ending. Even if we slip into another recession, the S&P doesn’t need to trade down to 900. Companies are still making money and equities are the only investment with any chance of generating alpha. This correction has brought stocks back to reality. I still don’t think stocks are cheap but at these levels I am willing to put some money to work.<br />
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Check out the stocks I selected <a href="http://seekingalpha.com/article/285628-20-year-millionaire-time-to-pick-em">here</a>Craig Mackhttp://www.blogger.com/profile/16456650134107539686noreply@blogger.com3tag:blogger.com,1999:blog-1155549436476348480.post-11623633567458255992011-08-04T18:10:00.001-04:002011-08-05T16:44:48.320-04:00Down goes Frazier!<iframe width="560" height="349" src="http://www.youtube.com/embed/W4hfdaC7eL4" frameborder="0" allowfullscreen></iframe><br />
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This is too funny to pass up.<br />
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If you can't laugh on days like this, you wont make it in this game.Craig Mackhttp://www.blogger.com/profile/16456650134107539686noreply@blogger.com2tag:blogger.com,1999:blog-1155549436476348480.post-80210821292265667972011-08-02T23:04:00.000-04:002011-08-02T23:04:44.267-04:00T20YM Update: Let the Market Correct<div class="MsoNormal" style="text-align: justify;">It’s been roughly six months since I made my case for Best of Breed dividend stocks. <span style="mso-spacerun: yes;"> </span>Since that time, I have let the portfolio run dripping the dividends and re-balancing quarterly. I have taken a brief hiatus from writing for multiple reasons. First and foremost, I was immersed in school work and honestly had no time to analyze individual companies or sectors. Second, and perhaps more importantly, I did not trust the markets sustainability. I could not honestly recommend individual stocks at their current valuations. Sure earnings season went off without a hitch, but these results were inflated by an economy buoyed by the Feds easy money policy. The fact of the matter is that the economic data points over the last quarter have been abysmal.</div><div class="MsoNormal" style="text-align: justify;"><br />
</div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjAiaCkHG5g3dWcOmf5qiDvSnvtYIPJRfo2KUOkc_e9cv50y9_Ui2RRxkFwZTCiyCuqTQ-i5dBjIEHPDF8hOmD9eOocltMb8U2OCiYb49kAqxtOsEm-UjsxJTr6-r_v-jjWJcQH-rRx-Qo/s1600/economy_in_toilet.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="263" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjAiaCkHG5g3dWcOmf5qiDvSnvtYIPJRfo2KUOkc_e9cv50y9_Ui2RRxkFwZTCiyCuqTQ-i5dBjIEHPDF8hOmD9eOocltMb8U2OCiYb49kAqxtOsEm-UjsxJTr6-r_v-jjWJcQH-rRx-Qo/s400/economy_in_toilet.jpg" width="400" /></a></div><div class="MsoNormal" style="text-align: justify;"><br />
</div><div class="MsoNormal" style="text-align: justify;"> </div><div class="MsoNormal" style="text-align: justify;">We got ahead of ourselves, the market needs this correction.</div><div class="MsoNormal" style="text-align: justify;"><br />
</div><div class="MsoNormal" style="text-align: justify;">Personally, I hope we break the S&P 500 1249 support. This will give the market a complete flush out that it needs. </div><div class="MsoNormal" style="text-align: justify;"><br />
</div><div class="MsoNormal" style="text-align: justify;">I plan on writing an update on my Best in Breed Dividend Stock series shortly. The portfolio has outperformed the market admirably. </div><div class="MsoNormal" style="text-align: justify;"><br />
</div><div class="MsoNormal" style="text-align: justify;">Keep your powder dry. Better to miss a few up days than throw money at a sinking ship.</div><div class="MsoNormal" style="text-align: justify;"><br />
</div><div class="MsoNormal" style="text-align: justify;">We have more pain coming.</div><div class="MsoNormal" style="text-align: justify;"><br />
</div><div class="MsoNormal" style="text-align: justify;">Best,</div><div class="MsoNormal" style="text-align: justify;"><br />
</div><div class="MsoNormal" style="text-align: justify;">C</div>Craig Mackhttp://www.blogger.com/profile/16456650134107539686noreply@blogger.com1tag:blogger.com,1999:blog-1155549436476348480.post-60871550692270712222011-05-29T19:57:00.000-04:002011-05-29T19:57:09.955-04:00Back in the Saddle Again.<iframe width="425" height="349" src="http://www.youtube.com/embed/uIPS4LyveJs" frameborder="0" allowfullscreen></iframe><br />
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Look for more post starting next week.Craig Mackhttp://www.blogger.com/profile/16456650134107539686noreply@blogger.com1tag:blogger.com,1999:blog-1155549436476348480.post-78504855730231666452011-04-24T10:02:00.000-04:002011-04-24T10:02:57.163-04:00Sorry for the lack of activity...<div class="MsoNormal">Hey All… </div><div class="MsoNormal"><br />
</div><div class="MsoNormal">Sorry for the lack of posting. Finals are coming up and its crunch time. I should be back online in early May with some new posts. </div><div class="MsoNormal"><br />
</div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiYO-f4dq5r6RJczPa8YR5WCAqb007Gtk3UyEfSUyeLsH26VoGEvUc53ZjR1cJqhOPbViwfneTtNXl-pK6SeuNLtehypIwgknJ5g5gM9CEeGYymnDwnTCvN3TIjHOC0uKa1IizL5_Ii548/s1600/study.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="277" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiYO-f4dq5r6RJczPa8YR5WCAqb007Gtk3UyEfSUyeLsH26VoGEvUc53ZjR1cJqhOPbViwfneTtNXl-pK6SeuNLtehypIwgknJ5g5gM9CEeGYymnDwnTCvN3TIjHOC0uKa1IizL5_Ii548/s320/study.jpg" width="320" /></a></div><div class="MsoNormal"><br />
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</div><div class="MsoNormal">I played the AAPL earnings through GLW, QCOM, and a small Bull Spread in AAPL June Calls. As you can expect I did rather well. </div><div class="MsoNormal"><br />
</div><div class="MsoNormal">Back to the books!</div><div class="MsoNormal"><br />
</div><div class="MsoNormal">C</div>Craig Mackhttp://www.blogger.com/profile/16456650134107539686noreply@blogger.com1tag:blogger.com,1999:blog-1155549436476348480.post-56182409146629078532011-04-08T12:19:00.001-04:002011-04-08T12:59:14.758-04:00Time to Reflect<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjIZ_ZaNwv2-TKkafvUIIPKOLDKRvLH_G0Y9PG08FWjZTW0R-rxs2LdbhFMCBreeZsWlhUzE6xrnvkOkwQsNQosNe0UJKRgcgr1lEjsyHb5BoPpeTutz6hpq2V2QbgaDi0q_3mNctcLcP4/s1600/76de4_s-SAD-TRADER-large.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjIZ_ZaNwv2-TKkafvUIIPKOLDKRvLH_G0Y9PG08FWjZTW0R-rxs2LdbhFMCBreeZsWlhUzE6xrnvkOkwQsNQosNe0UJKRgcgr1lEjsyHb5BoPpeTutz6hpq2V2QbgaDi0q_3mNctcLcP4/s1600/76de4_s-SAD-TRADER-large.jpg" /></a></div><div class="MsoNormal" style="text-align: justify;">When I started the T20YM venture, I had a clear and concise goal; to make money using a disciplined investing strategy centered on Dividend Growth Investing coupled with option trading on momentum stocks. For the past year, this strategy has been inconsistent. There were months where I would be up 30-40%, and months where I was down 30-40%. As it stands today, I have zero dollars left in my equity account. I liquidated my positions and all that remains are my family’s long-term investments. </div><div class="MsoNormal" style="text-align: justify;"><br />
</div><div class="MsoNormal" style="text-align: justify;">I have decided I am a skilled fundamental stock picker and investor, but a terrible ‘trader’. My long-term holdings were all sold for a profit. However, as a former semi-pro poker player, I have that no limit mentality. When I saw odds in my favor, I placed large bets- sometimes on margins- and when these trades went bad, things got ugly. Well, over the last few months things went really ugly. There’s and old adage ‘the market can remain irrational longer than you can stay solvent’. Well Mr. Market, you’ve won this battle but not the war. </div><div class="MsoNormal" style="text-align: justify;"><br />
</div><div class="MsoNormal">Moving forward:</div><div class="MsoNormal"><br />
</div><div class="MsoNormal" style="margin-left: .5in;">I will rebuild my Dividend Growth Portfolio using the ‘Best in Breed’ articles located in the links section. I will start by accumulating small, 50 share positions at a time. I will wait for pull backs in these names as I am in no rush to jump in at the markets current levels. </div><div class="MsoNormal" style="margin-left: .5in;"><br />
</div><div class="MsoNormal" style="margin-left: .5in;">My option ‘trading’ will be severely minimized. I will not buy front month options. I will not buy large lots of options that grossly distort my weighting in certain sectors. I will use options to invest in companies that do not pass my dividend screening model. There is no need to hold common shares if you are not being paid to hold them.</div><div class="MsoNormal" style="margin-left: .5in;"><br />
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</div><div class="MsoNormal">So what went wrong? The past few months the market has gone up, but I got hammered. I rode AAPL shares from 362 down to 339. I was heavily leveraged with ‘deep in the money’ April calls looking to play the pre-earnings run up. Obviously, the market has not been kind to AAPL.</div><div class="MsoNormal"><br />
</div><div class="MsoNormal"> I-Pad 2 delays: False</div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj7JViYvsn3riPiUHEBJwXZp_rTbpKBQ3OzTTmMPC2A7oxDji-d-gROHXcSsg4t4XeaTkuoaRt6A2_DnJkRilfMcNvPhuWa725F2wvLa9jni60TD0ftwCMzZKtlVVcA-MpPBMtmSOphfKE/s1600/rottenapple1.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj7JViYvsn3riPiUHEBJwXZp_rTbpKBQ3OzTTmMPC2A7oxDji-d-gROHXcSsg4t4XeaTkuoaRt6A2_DnJkRilfMcNvPhuWa725F2wvLa9jni60TD0ftwCMzZKtlVVcA-MpPBMtmSOphfKE/s1600/rottenapple1.jpg" /></a></div><div class="MsoNormal" style="margin-left: .5in;">Steve Jobs to Die in Six Weeks: False</div><div class="MsoNormal" style="margin-left: .5in;">I-Phone 5 Delay: False</div><div class="MsoNormal" style="margin-left: .5in;">Bomb scare called into packaging facility</div><div class="MsoNormal" style="margin-left: .5in;">Steve Jobs to permanently resign as CEO of AAPL: So far, False</div><div class="MsoNormal" style="margin-left: .5in;">Supply Chain constraints due to Japan disaster: no evidence</div><div class="MsoNormal" style="margin-left: .5in;">Thunderbolt outselling I-Phone: False</div><div class="MsoNormal" style="margin-left: .5in;">Middle East Turmoil, Higher Oil Prices: Affected the market over all. </div><div class="MsoNormal" style="margin-left: .5in;">Then the NASDAQ re-balances </div><div class="MsoNormal" style="margin-left: .5in;">Plus many, many, MANY more rumors….</div><div class="MsoNormal" style="margin-left: .5in;"><br />
</div><div class="MsoNormal">The stock was tanking, even with a HUGE IPad2 and Verizon launch. I stuck with my investment thesis and kept riding the stock down. No matter the fundamentals, you can’t fight the market. I still think AAPL is a fantastic investment, check out this article I wrote for the<a href="http://seekingalpha.com/article/257570-the-apple-of-warren-buffett-s-eye"> fundamentals </a></div><div class="MsoNormal"><br />
</div><div class="MsoNormal">So that’s it for now, back to basics. I will keep you updated as I add back to my Dividend Growth Portfolio. My holdings in my family portfolio as of right now are as follows:</div><div class="MsoNormal"><br />
</div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj1jGkXX_cOCWf6b9xydu97wDAOn4X-Cl89cfdi6LOtowCnLUt4l2TD00P6R3nE46miKshwdj2-pug6h6eYxp9diCLU-6HViPmgpc2BB6zFbna3YaF5rHw8JoQ2EypwTzI0a2FwQShGYCA/s1600/untitled.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="264" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj1jGkXX_cOCWf6b9xydu97wDAOn4X-Cl89cfdi6LOtowCnLUt4l2TD00P6R3nE46miKshwdj2-pug6h6eYxp9diCLU-6HViPmgpc2BB6zFbna3YaF5rHw8JoQ2EypwTzI0a2FwQShGYCA/s320/untitled.JPG" width="320" /></a></div><div class="MsoNormal"><br />
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</div><div class="MsoNormal">FYI, my 401K remains unchanged… at least I got that going for me! </div><div class="MsoNormal"><br />
</div><div class="MsoNormal">All the best,</div><div class="MsoNormal"><br />
</div><div class="MsoNormal">C</div>Craig Mackhttp://www.blogger.com/profile/16456650134107539686noreply@blogger.com2tag:blogger.com,1999:blog-1155549436476348480.post-65709783616666045352011-04-03T19:39:00.000-04:002011-04-03T19:39:37.395-04:00IBM: One of the Best Values on the Market<span class="Apple-style-span" style="color: #333333; font-family: verdana, arial, helvetica, clean, sans-serif; font-size: 13px; line-height: 16px;"></span><br />
<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiXBr4xVrwfplXVvR5eSNqiVDnQ7GmO_aCAuPDxBCgY-yEzDEyxBk_NTDqz9k_QVdb5FIwixQh7Wbe07ZRt4505aE5FfyEM_YWVzzSiudLk76Ws2US49luWDWK4h06StWrSLV8XaTXAjI8/s1600/ibm_watson_avatar.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" height="200" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiXBr4xVrwfplXVvR5eSNqiVDnQ7GmO_aCAuPDxBCgY-yEzDEyxBk_NTDqz9k_QVdb5FIwixQh7Wbe07ZRt4505aE5FfyEM_YWVzzSiudLk76Ws2US49luWDWK4h06StWrSLV8XaTXAjI8/s200/ibm_watson_avatar.jpg" width="200" /></a></div><div style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; font-family: inherit; font-size: 13px; font-style: inherit; font-weight: inherit; line-height: 20px; margin-bottom: 7px; margin-left: 0px; margin-right: 0px; margin-top: 7px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;"><span style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; font-family: inherit; font-size: 13px; font-style: inherit; font-weight: inherit; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;"><span style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; font-family: inherit; font-size: 13px; font-style: inherit; font-weight: inherit; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;">In Peter Lynch’s seminal work ‘One Up on Wall Street’ he quipped, ‘No money manager ever lost their job investing in IBM’. This was a backhanded compliment by Lynch. Lynch viewed IBM as a safe, but stodgy company. While it was true that IBM was a secure investment, no shareholder was getting rich by allocating capital to this tech juggernaut. IBM was the equivalent of investing in a low yield bond.</span></span></div><div style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; font-family: inherit; font-size: 13px; font-style: inherit; font-weight: inherit; line-height: 20px; margin-bottom: 7px; margin-left: 0px; margin-right: 0px; margin-top: 7px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;"><span style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; font-family: inherit; font-size: 13px; font-style: inherit; font-weight: inherit; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;"><span style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; font-family: inherit; font-size: 13px; font-style: inherit; font-weight: inherit; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;">But over the last 7 years, IBM’s fundamentals have been progressively improving. These improvements are due in large part to management’s decision to focus on more profitable business segments. Unlike Dell (<a href="http://seekingalpha.com/symbol/dell" style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; color: #024999; font-family: inherit; font-size: 13px; font-style: inherit; font-weight: inherit; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-decoration: none; vertical-align: baseline;" title="Dell Inc.">DELL</a>) and Hewlett Packard (<a href="http://seekingalpha.com/symbol/hpq" style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; color: #024999; font-family: inherit; font-size: 13px; font-style: inherit; font-weight: inherit; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-decoration: none; vertical-align: baseline;" title="Hewlett-Packard Co.">HPQ</a>), IBM correctly identified the commoditization of the computer hardware <span style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; font-family: inherit; font-size: 13px; font-style: inherit; font-weight: inherit; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;">market and quickly moved into higher profit margin spaces such as software and services. IBM summed this up perfectly at their recent shareholder meeting (<em style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; font-family: inherit; font-size: 13px; font-style: italic !important; font-weight: inherit; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; overflow-x: visible; overflow-y: visible; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline; word-wrap: break-word; zoom: 1;">click to enlarge</em>):</span></span></span></div><div style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; font-family: inherit; font-size: 13px; font-style: inherit; font-weight: inherit; line-height: 20px; margin-bottom: 7px; margin-left: 0px; margin-right: 0px; margin-top: 7px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;"><span style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; font-family: inherit; font-size: x-small; font-style: inherit; font-weight: inherit; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;"><span style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; font-family: inherit; font-size: 13px; font-style: inherit; font-weight: inherit; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;"><a href="http://static.seekingalpha.com/uploads/2011/3/13/572488-12999995522649-Craig-Walendziak_origin.jpg" rel="lightbox" style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; color: #024999; font-family: inherit; font-size: 13px; font-style: inherit; font-weight: inherit; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-decoration: none; vertical-align: baseline;"><img hspace="6" src="http://static.seekingalpha.com/uploads/2011/3/13/572488-12999995522649-Craig-Walendziak.jpg" style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; display: inline; max-width: 480px; outline-color: initial; outline-style: initial; outline-width: 0px; overflow-x: visible; overflow-y: visible; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;" vspace="6" /></a></span></span></div><div style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; font-family: inherit; font-size: 13px; font-style: inherit; font-weight: inherit; line-height: 20px; margin-bottom: 7px; margin-left: 0px; margin-right: 0px; margin-top: 7px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;"><span style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; font-family: inherit; font-size: 13px; font-style: inherit; font-weight: inherit; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;"><span style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; font-family: inherit; font-size: 13px; font-style: inherit; font-weight: inherit; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;"><span style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; font-family: inherit; font-size: 13px; font-style: inherit; font-weight: inherit; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;"></span>Here we see a 10% GPM increase as IBM shifts to higher-value spaces.</span></span></div><div style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; font-family: inherit; font-size: 13px; font-style: inherit; font-weight: inherit; line-height: 20px; margin-bottom: 7px; margin-left: 0px; margin-right: 0px; margin-top: 7px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;"><span style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; font-family: inherit; font-size: 13px; font-style: inherit; font-weight: inherit; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;"><span style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; font-family: inherit; font-size: 13px; font-style: inherit; font-weight: inherit; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;">In addition to adjusting their business focus, IBM has continued its global expansion. As they state in their recent annual report:</span></span></div><blockquote><span style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; font-family: inherit; font-size: 13px; font-style: inherit; font-weight: inherit; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;"><span style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; font-family: inherit; font-size: 13px; font-style: inherit; font-weight: inherit; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;"><span style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; font-family: inherit; font-size: 13px; font-style: inherit; font-weight: inherit; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;">A historic economic expansion is underway in the emerging markets of the world—as their populations join the middle class and their economies join the global marketplace. These markets are expected to achieve average GDP growth of 5 percent through 2015, more than double the projected growth rate of the developed world. In the largest of these emerging markets, such as China, India and Brazil, IBM is broadening its well‑established base of skills and capabilities, nearly doubling our number of branch locations. In less developed markets, such as Africa, we are leveraging anchor clients in sectors like communications and banking. Our recent partnership with Bharti Airtel to provide 21<sup style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; font-family: inherit; font-size: 10px; font-style: inherit; font-weight: inherit; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: super;">st</sup></span></span><span style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; font-family: inherit; font-size: 13px; font-style: inherit; font-weight: inherit; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;"> </span><span style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; font-family: inherit; font-size: 13px; font-style: inherit; font-weight: inherit; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;">century wireless telecommunications across 16 countries of Sub‑Saharan Africa is one example. Our Growth Markets Unit accounted for 21 percent of IBM’s geographic revenue in 2010. We are aiming to approach 30 percent by 2015.</span></span></blockquote><br />
Read the rest of the article at Seeking Alpha <a href="http://seekingalpha.com/article/257942-ibm-investors-dream-a-core-stock-offering-growth-value-and-dividends">IBM Growth, Dividends an Investors Dream</a>Craig Mackhttp://www.blogger.com/profile/16456650134107539686noreply@blogger.com1tag:blogger.com,1999:blog-1155549436476348480.post-14883119834978674092011-03-16T19:21:00.001-04:002011-03-16T19:26:06.972-04:00Apple, the most manipulated stock in the market.<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh4JxkXV6U4NSmfVC0q8kNQ5D30TI7-sIp70SL_W17ytpNuJJXQbneyktpYh5hJKvG2_sRjP8VaaX6otkYZ2HXWJzRMGqtZrO2xaspMQQQLVGv2jTnM7WQxTUwYBIlWd3HPQx1WdMv-Ahs/s1600/steve_jobs_iphone_apple_logo.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" height="284" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh4JxkXV6U4NSmfVC0q8kNQ5D30TI7-sIp70SL_W17ytpNuJJXQbneyktpYh5hJKvG2_sRjP8VaaX6otkYZ2HXWJzRMGqtZrO2xaspMQQQLVGv2jTnM7WQxTUwYBIlWd3HPQx1WdMv-Ahs/s320/steve_jobs_iphone_apple_logo.jpg" width="320" /></a></div><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;">16 March 11 Credit Suise initiates Apple to outperform. Target $500</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;"><br />
</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;">11-Jan-11 Wells Fargo raised its FY11 EPS estimate to 19.33 from 18.24, and raised its FY12 EPS estimate to 22.89 from 22.42. Maintains an outperform rating on the stock.</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;"><br />
</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;">11-Jan-11 Jefferies raises Apple target from $365 to $450.</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;"><br />
</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;">05-Jan-11 Wedbush Securities stats Apple at outperform and $405 target.</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;"><br />
</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;">04-Jan-11 added to short term buy list with $410 target at Deutsche Bank.</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;"><br />
</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;">03-Jan-11 International Strategy and Investment Group raises target to $400</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;"><br />
</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;">03-Jan-11 Oppenheimer raises target to $385</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;"><br />
</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;">17-Dec-10 Trefis revises target from $400 to $418.</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;"><br />
</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;">17-Dec-10 Gabelli initiates coverage at Buy with $450 target.</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;"><br />
</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;">16-Dec-10 JP Morgan Chase raises price target to $420.</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;"><br />
</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;">16-Dec-10 Kaufman Bros. raises price target to $395.</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;"><br />
</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;">15-Dec-10 Piper Jaffray raises price target to $438.</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;"><br />
</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;">14-Dec-10 BMO Capital raises price target from $330 to $355.</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;"><br />
</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;">14-Dec-10 Morgan Stanley removes Apple from "Best Ideas" list, but maintained overweight rating and "Top Pick".</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;"><br />
</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;">13-Dec-10 Goldman Sachs ups target price to $430.</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;"><br />
</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;">10-Dec-10 Beyond Trading downgrades Apple from Strong Buy to Buy - not sure if BT is legitimate source??</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;"><br />
</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;">09-Dec-10 BofA Merrill rates as buy raises to $420</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;"><br />
</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;">08-Dec-10 Barclays Capital Analyst Ben Reitzes: Mac unit sales will surge 16% for the quarter ending in December, compared to the same period a year-ago</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;"><br />
</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;">08-Dec-10 Stifel Nicolaus upgrade $390</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;"><br />
</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;">04-Dec-10 Ebeling Heffernan Upgrade $400</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;"><br />
</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;">03-Dec-10 Caris & Co. Upgrade $400</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;"><br />
</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;">11-Nov-10 Trefis Upgrade $400 / $500</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;"><br />
</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;">04-Nov-10 Robert W. Baird Initiated Outperform $410</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;"><br />
</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;">03-Nov-10 Morgan Stanley "bull scenario" August 2011 target = $500</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;"><br />
</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;">19-Oct-10 Argus Reiterated Buy $375</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;"><br />
</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;">19-Oct-10 UBS Reiterate Buy $365</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;"><br />
</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;">19-Oct-10 Canaccord Genuity Reiterated Buy $421</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;"><br />
</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;">19-Oct-10 ISI Group Reiterated Buy $370</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;"><br />
</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;">19-Oct-10 Kaufman Bros Reiterated Buy $380</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;"><br />
</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;">15-Oct-10 Hudson Square Upgrade $500</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;"><br />
</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;">12-Oct-10 Barclays Capital Reiterated Overweight $385</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;"><br />
</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;">08-Oct-10 Oppenheimer Reiterated Outperform $345</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;"><br />
</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;">05-Oct-10 Jefferies Initiated Buy $365</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;"><br />
</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;">04-Oct-10 Ticonderoga Initiated Buy $430</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;"><br />
</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;"><br />
</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;">Who the hell cares about JMP and his BS downgrade?</span><br />
<span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;"><br />
</span><br />
<span class="Apple-style-span" style="font-family: georgia, 'times new roman', times; font-size: x-small;"><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse;">Fundamentals are unbelievable <a href="http://seekingalpha.com/article/257570-the-apple-of-warren-buffett-s-eye">The Best Stock on Sale</a></span></span>Craig Mackhttp://www.blogger.com/profile/16456650134107539686noreply@blogger.com1tag:blogger.com,1999:blog-1155549436476348480.post-65974848270722011322011-03-14T14:13:00.000-04:002011-03-14T14:13:37.449-04:00Stock Analysis ExxonMobil Corp. (XOM) Current Yield 2.2%<div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Times New Roman","serif";">ExxonMobil Corp. (XOM) Current Yield 2.2%<o:p></o:p></span></b></div><div class="MsoNormal"><b style="mso-bidi-font-weight: normal;"><span style="font-family: "Times New Roman","serif";"><br />
</span></b></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhzMJLoamwOvpDBqkx4bPaIsIGQoX1ZG7vRlIZgd57fFw_6wPbXSz2KSe-lSlum9e3NlcEYiidwLWc_VPrpwFQ5TOKWqUnQ_hlzKXcgEjSFFkSXdH6XCaPvBVHKRurA4fIrJIesH0UUiNo/s1600/tiger-in-tank.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" height="274" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhzMJLoamwOvpDBqkx4bPaIsIGQoX1ZG7vRlIZgd57fFw_6wPbXSz2KSe-lSlum9e3NlcEYiidwLWc_VPrpwFQ5TOKWqUnQ_hlzKXcgEjSFFkSXdH6XCaPvBVHKRurA4fIrJIesH0UUiNo/s320/tiger-in-tank.jpg" width="320" /></a></div><div class="MsoNormal"><span class="apple-style-span"><span style="font-family: "Times New Roman","serif";">Exxon Mobil Corporation was incorporated in the State of New Jersey in 1882. Divisions and affiliated companies of ExxonMobil operate or market products in the United States and most other countries of the world. Their principal business is energy, involving exploration for, and production of, crude oil and natural gas, manufacture of petroleum products and transportation and sale of crude oil, natural gas and petroleum products. ExxonMobil is a major manufacturer and marketer of commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics and a wide variety of specialty products. ExxonMobil also has interests in electric power generation facilities. Affiliates of ExxonMobil conduct extensive research programs in support of these businesses.<o:p></o:p></span></span></div><div class="MsoNormal"><span class="apple-style-span"><span style="font-family: "Times New Roman","serif";"><br />
</span></span></div><div class="MsoNormal" style="text-align: justify;"><span class="apple-style-span"><span style="font-family: "Times New Roman","serif";">Exxon Mobil is not only the largest <span style="mso-bidi-font-weight: bold;">Major Integrated Oil & Gas Company, it is the largest publically traded company in America. </span><span style="mso-spacerun: yes;"> </span>It’s a low beta, safe investment. Because of its sheer size it has become increasingly more and more difficult for the management team to move the earnings needle. Nonetheless, the fundamentals of Exxon Mobil are superb: <o:p></o:p></span></span></div><div class="MsoNormal" style="text-align: justify;"><span class="apple-style-span"><span style="font-family: "Times New Roman","serif";"><br />
</span></span></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhUtnNGLFhN9lQ8rp2qTC-Qwrzy-1w3eraP60-V-_1LybdzG_SptaEeoROQuk-Md0ZEZfDFMc7iL0jXI8tZgK-G7lkfe2KBuSiLVL3nlzfBvXI0CLn4NGLxjR6npDVSHYdYESbeiDDaIgQ/s1600/XOM+one.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="110" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhUtnNGLFhN9lQ8rp2qTC-Qwrzy-1w3eraP60-V-_1LybdzG_SptaEeoROQuk-Md0ZEZfDFMc7iL0jXI8tZgK-G7lkfe2KBuSiLVL3nlzfBvXI0CLn4NGLxjR6npDVSHYdYESbeiDDaIgQ/s400/XOM+one.png" width="400" /></a></div><div class="MsoNormal" style="text-align: justify;"><span class="Apple-style-span" style="font-family: 'Times New Roman', serif;"><br />
</span></div><div class="MsoNormal" style="text-align: justify;"><span class="apple-style-span"><span style="font-family: "Times New Roman","serif";">ExxonMobil is part of the elite Dividend Champion list, increasing its dividend payments for 28 straight years. The yield of 2.2% is low, but with a payout ratio of 25.6% there is considerable room for growth. It has kept is Dividend Growth Rate steady at 8.7% for the last 7 years. The ROE and SGR numbers are well above average and best in breed. It has the best balance sheet of the group. It is currently trading at a premium to its historic P/E ratio.</span></span></div><div class="MsoNormal" style="text-align: justify;"><span class="apple-style-span"><span style="font-family: "Times New Roman","serif";"><br />
</span></span></div><div class="MsoNormal" style="text-align: justify;"><span class="apple-style-span"><span style="font-family: "Times New Roman","serif";">Modeling ExxonMobil 10 year return using its EPS growth rate we arrive at a slightly above average return:<o:p></o:p></span></span></div><div class="MsoNormal" style="text-align: justify;"><span style="font-family: "Times New Roman","serif"; mso-no-proof: yes;"><!--[if gte vml 1]><v:shape id="Picture_x0020_8" o:spid="_x0000_i1025"
type="#_x0000_t75" alt="XOM2.png" style='width:468pt;height:137.25pt;
visibility:visible;mso-wrap-style:square'> <v:imagedata src="file:///C:\DOCUME~1\cwalendz\LOCALS~1\Temp\msohtmlclip1\01\clip_image003.png"
o:title="XOM2"/> </v:shape><![endif]--></span><span style="font-family: "Times New Roman","serif";"><o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><span class="Apple-style-span" style="font-family: 'Times New Roman', serif;"><br />
</span></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj2QfLk52U7WbSr-eU7K6V0k9t41R_wLpkekBLREm8VHb7usX8t308Vs04IJARE6mNzWM7eeLdfUtbphWpG35lc1XjU_YOauJEOVVqNn8023IJexfH1BV6gevHBBXVbcgq2nW6xInIPJik/s1600/XOM2.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="115" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj2QfLk52U7WbSr-eU7K6V0k9t41R_wLpkekBLREm8VHb7usX8t308Vs04IJARE6mNzWM7eeLdfUtbphWpG35lc1XjU_YOauJEOVVqNn8023IJexfH1BV6gevHBBXVbcgq2nW6xInIPJik/s400/XOM2.png" width="400" /></a></div><div class="MsoNormal" style="text-align: justify;"><span style="font-family: "Times New Roman","serif";"><span class="apple-style-span"><br />
</span></span></div><div class="MsoNormal" style="text-align: justify;"><span class="Apple-style-span" style="font-family: 'Times New Roman', serif;">If you are looking for a safe and stable oil play <span class="apple-style-span">ExxonMobil might be your best bet. Furthermore, with ExxonMobil improving fundamentals the market should soon begin to recognize these achievements. </span></span></div><div class="MsoNormal" style="text-align: justify;"><span class="Apple-style-span" style="font-family: 'Times New Roman', serif;"><br />
</span></div><div class="MsoNormal" style="text-align: justify;"><span class="Apple-style-span" style="font-family: 'Times New Roman', serif;">All the best,</span></div><div class="MsoNormal" style="text-align: justify;"><span class="Apple-style-span" style="font-family: 'Times New Roman', serif;"><br />
</span></div><div class="MsoNormal" style="text-align: justify;"><span class="Apple-style-span" style="font-family: 'Times New Roman', serif;">C</span></div><div class="MsoNormal" style="text-align: justify;"><span style="font-family: "Times New Roman","serif";"><span class="apple-style-span"><br />
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</span></span></div>Craig Mackhttp://www.blogger.com/profile/16456650134107539686noreply@blogger.com3tag:blogger.com,1999:blog-1155549436476348480.post-52970826726756215912011-03-12T10:18:00.000-05:002011-03-12T10:18:58.396-05:00Best in Breed Dividend Stocks: The Chase for Yield (Part 4)Today we are going to stray from the sector theme and address a question that has been raised by many readers:<br />
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Where’s the yield?<br />
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<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhHVXCEULi0JOSds1Wdh-HtH5Y2R7ZmZR2NBBxuaNCNqNa6EXlgKyGigl3MGVRGmoOpR5tuqrHTo6HXHvNU-dzF79PbDMFtFAssEuA2V_2k4_FdZdGZnjI-Igq8nuCtSDV56CAhVHT1Pfg/s1600/money-saving-tips.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" height="200" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhHVXCEULi0JOSds1Wdh-HtH5Y2R7ZmZR2NBBxuaNCNqNa6EXlgKyGigl3MGVRGmoOpR5tuqrHTo6HXHvNU-dzF79PbDMFtFAssEuA2V_2k4_FdZdGZnjI-Igq8nuCtSDV56CAhVHT1Pfg/s200/money-saving-tips.jpg" width="200" /></a></div>As I have stated in previous articles, I'm a dividend growth investor, not a yield chaser. I believe in investing in undervalued companies, with moderate dividend yields, good dividend growth rates, low payout ratios and long-term sustainable business models. For younger investors, a disciplined dividend growth Investing plan is a sure fire path to financial freedom.<br />
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That being said, there is something attractive about stocks with substantial dividend yields. The idea of gaining 6-14% annually on a stagnant investment is hard to pass up. The problem with these investments is yields as lofty as these are rarely sustainable. When the dividend goes, so does the multiple the market has placed on the stock. Most of the time, the dividends you’ve accumulated on these high yielders will pale in comparison to the stocks decline when the dividend is compromised.<br />
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Still, there is a place in a well diversified dividend portfolio for the companies with abnormally high yields. These high yielders help smooth out the yield curve of a portfolio and push it above the 3% minimum yield I use as my benchmark. This allows us to take on companies with smaller yields and high growth rates, while keeping the income flowing.<br />
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Before we get to the picks, I am going to forewarn you that many of the metrics you are accustomed to reading about in my articles, such as Return on Equity, Sustainable Growth, EPS Growth Rate, and Dividend Payout Ratio have little, or nothing to do with the companies we will discuss. This is part of the reason I don’t usually invest in these companies. I don’t invest in equities I can’t accurately value. Master Limited Partnerships, Real Estate Investment Trusts, ETFs, and the like, play by their own rules.<br />
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Read the rest of the article<a href="http://seekingalpha.com/article/257104-best-in-breed-dividend-stocks-core-holdings-for-the-long-term-investor-part-4"> here</a>Craig Mackhttp://www.blogger.com/profile/16456650134107539686noreply@blogger.com1tag:blogger.com,1999:blog-1155549436476348480.post-50399910105097239492011-03-07T10:13:00.000-05:002011-03-07T10:13:04.125-05:00Milton Friedman on Capitalism<iframe title="YouTube video player" width="560" height="349" src="http://www.youtube.com/embed/yeB-B0UPZks" frameborder="0" allowfullscreen></iframe><br />
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Where have all the great thinkers gone?Craig Mackhttp://www.blogger.com/profile/16456650134107539686noreply@blogger.com1tag:blogger.com,1999:blog-1155549436476348480.post-89480341748407740192011-03-02T07:50:00.000-05:002011-03-02T07:50:48.890-05:00The Best Integrated Oil Company You Don't Know About: CNOOCChina National Offshore Oil Corporation, CNOOC (CEO)<br />
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(This is an older valuation I did for Seeking Alpha)<br />
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<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgNyJYH1NGQb4HLQ1V7D3NvPubm3EDDKUZYJwEgOXBhV93odsnbuoBBFi1GACGXHPAaI20vvgS7XD6kTT1o_Qfev4MoG_5z49y5k2CPWTJn9B9Hw0RAfv7S4ZvBBGheUXX5MxK1vTUoL20/s1600/572488-129735991297732-Craig-Walendziak.png" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" height="181" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgNyJYH1NGQb4HLQ1V7D3NvPubm3EDDKUZYJwEgOXBhV93odsnbuoBBFi1GACGXHPAaI20vvgS7XD6kTT1o_Qfev4MoG_5z49y5k2CPWTJn9B9Hw0RAfv7S4ZvBBGheUXX5MxK1vTUoL20/s200/572488-129735991297732-Craig-Walendziak.png" width="200" /></a></div>Today I would like to discuss one of the cheapest and most dominant energy companies in the world, CNOOC. Despite the lofty share price (hovering around 210 per share), the recent pullback in the stock has provided a decent entry point for the long-term investor.<br />
<br />
<b>What it Does:<br />
</b><br />
<b><br />
</b><br />
CNOOC Limited, incorporated on August 20, 1999, is an investment holding company. The company, through its subsidiaries, is engaged in the exploration, development, production and sales of crude oil and natural gas and other petroleum products. It is a producer of offshore crude oil and natural gas. It has four production areas in offshore China, which are Bohai Bay, Western South China Sea, Eastern South China Sea and East China Sea. In addition, the company is also an offshore crude oil producer in Indonesia. The company also has upstream assets in Nigeria, Australia and some other countries. As of December 31, 2009, the company owned net proved reserves of approximately 2.66 billion barrels of oil equivalent (BOE), and its average daily net production was 623,896 BOE. Its subsidiaries include CNOOC China Limited, CNOOC International Limited, China Offshore Oil (Singapore) International Pte Ltd, CNOOC Finance (2002) Limited and CNOOC Finance (2003) Limited (per Reuters).<br />
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Read the full valuation at <a href="http://seekingalpha.com/article/252129-the-best-integrated-oil-company-you-don-t-know-about-cnooc">Seeking Alpha</a>Craig Mackhttp://www.blogger.com/profile/16456650134107539686noreply@blogger.com1tag:blogger.com,1999:blog-1155549436476348480.post-28224230027238474032011-03-01T19:35:00.002-05:002011-03-01T19:35:37.659-05:00This is how I feel after my recent AAPL trades...<iframe title="YouTube video player" width="480" height="390" src="http://www.youtube.com/embed/57ta7mkgrOU" frameborder="0" allowfullscreen></iframe>Craig Mackhttp://www.blogger.com/profile/16456650134107539686noreply@blogger.com2tag:blogger.com,1999:blog-1155549436476348480.post-74949767936601352452011-02-11T16:22:00.000-05:002011-02-11T16:22:23.102-05:00Putting my Option Trading on Hold.I have hit a bit of a cold streak on the option market. So for the time being I am putting my option trading on hold.<br />
<br />
I am taking 6 classes this semester, and working a very intellectually intensive job. I dont have time to trade in and out of options during days.<br />
<br />
I still believe in option trading, I just need to focus on school and work (and my lovely wife).<br />
<br />
If the market is anything, it is humbling. Lately, I am a humble man.<br />
<br />
Best,<br />
<br />
CCraig Mackhttp://www.blogger.com/profile/16456650134107539686noreply@blogger.com2tag:blogger.com,1999:blog-1155549436476348480.post-72685259947812502352011-02-07T19:49:00.000-05:002011-02-07T19:49:16.795-05:00Best in Breed Dividend Stocks Title Fight: Coke Vs. Pepsi<span class="Apple-style-span" style="color: #333333; font-family: verdana, arial, helvetica, clean, sans-serif; font-size: 14px; line-height: 18px;"></span><br />
<div style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; font-family: inherit; font-size: 14px !important; font-style: inherit; font-weight: inherit; line-height: 22px; margin-bottom: 9px; margin-left: 0px; margin-right: 0px; margin-top: 9px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;"><span style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; font-family: inherit; font-size: 14px !important; font-style: inherit; font-weight: inherit; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;">In the <a href="http://seekingalpha.com/article/250865-best-in-breed-dividend-stocks-core-holdings-for-the-long-term-investor-part-2" style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; color: #024999; font-family: inherit; font-size: 14px !important; font-style: inherit; font-weight: inherit; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-decoration: none; vertical-align: baseline;">latest installment</a> of "Best in Breed Dividend Stocks: Core Holdings for the Long-Term Investor," I identified <span style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; font-family: inherit; font-size: 14px !important; font-style: inherit; font-weight: inherit; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;"><span style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; font-family: inherit; font-size: 14px !important; font-style: inherit; font-weight: inherit; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;">Pepsico, Inc. (<a href="http://seekingalpha.com/symbol/pep" style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; color: #024999; font-family: inherit; font-size: 14px !important; font-style: inherit; font-weight: inherit; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-decoration: none; vertical-align: baseline;" title="Pepsico Inc.">PEP</a>) as the Best in Breed stock in the Consumer Staples sector. This choice immediately ignited the age old debate: Coca-Cola (<a href="http://seekingalpha.com/symbol/ko" style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; color: #024999; font-family: inherit; font-size: 14px !important; font-style: inherit; font-weight: inherit; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; text-decoration: none; vertical-align: baseline;" title="Coca-Cola Co.">KO</a>) or Pepsi? Let the cola wars began anew.</span></span></span></div><div style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; font-family: inherit; font-size: 14px !important; font-style: inherit; font-weight: inherit; line-height: 22px; margin-bottom: 9px; margin-left: 0px; margin-right: 0px; margin-top: 9px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;"><span style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; font-family: inherit; font-size: 14px !important; font-style: inherit; font-weight: inherit; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;"><span style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; font-family: inherit; font-size: 14px !important; font-style: inherit; font-weight: inherit; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;">Judging by both the comment section and my inbox, choosing Pepsico over Coca-Cola is akin to being a Clippers fan in Los Angeles. You are in the right city, just rooting for the wrong team. Why would I build a franchise around Blake Griffin when I could have Kobe Bryant?</span></span></div><div style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; font-family: inherit; font-size: 14px !important; font-style: inherit; font-weight: inherit; line-height: 22px; margin-bottom: 9px; margin-left: 0px; margin-right: 0px; margin-top: 9px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;"><span style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; font-family: inherit; font-size: 14px !important; font-style: inherit; font-weight: inherit; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;">Before I take the bait, let me state the obvious. <span style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; font-family: inherit; font-size: 14px !important; font-style: inherit; font-weight: inherit; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;"><span style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; font-family: inherit; font-size: 14px !important; font-style: inherit; font-weight: inherit; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;">Coca-Cola and Pepsico are both fantastic companies. Any investor would be hard-pressed to find a more consistent long-term holding. I would love to own both of them, but I like to build a full position in one before jumping into another. Additionally, I think Pepsico offers a more attractive entry point at the moment.</span></span></span></div><div style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; font-family: inherit; font-size: 14px !important; font-style: inherit; font-weight: inherit; line-height: 22px; margin-bottom: 9px; margin-left: 0px; margin-right: 0px; margin-top: 9px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;"><span style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; font-family: inherit; font-size: 14px !important; font-style: inherit; font-weight: inherit; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;"><span style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; font-family: inherit; font-size: 14px !important; font-style: inherit; font-weight: inherit; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;"><span style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; font-family: inherit; font-size: 14px !important; font-style: inherit; font-weight: inherit; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;"><span style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; font-family: inherit; font-size: 14px !important; font-style: inherit; font-weight: inherit; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;"><span style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; font-family: inherit; font-size: 14px !important; font-style: inherit; font-weight: inherit; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;">Let’s run these two soft drink giants through the T20YM gauntlet:</span></span></span></span></span></div><div style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; font-family: inherit; font-size: 14px !important; font-style: inherit; font-weight: inherit; line-height: 22px; margin-bottom: 9px; margin-left: 0px; margin-right: 0px; margin-top: 9px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;"><span style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; font-family: inherit; font-size: 14px !important; font-style: inherit; font-weight: inherit; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;"><b style="color: #333333; font-size: 14px !important;"><span style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; font-family: inherit; font-size: 14px !important; font-style: inherit; font-weight: inherit; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;">Round One: Consistent Long-Term Dividend Payments:</span></b></span></div><div style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; font-family: inherit; font-size: 14px !important; font-style: inherit; font-weight: inherit; line-height: 22px; margin-bottom: 9px; margin-left: 0px; margin-right: 0px; margin-top: 9px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;"><span style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; font-family: inherit; font-size: 14px !important; font-style: inherit; font-weight: inherit; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;"><span style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; font-family: inherit; font-size: 14px !important; font-style: inherit; font-weight: inherit; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;">Both companies are part of the elite Dividend Champion Club, raising their dividend payments for over 25 years. </span></span><span style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; font-family: inherit; font-size: 14px !important; font-style: inherit; font-weight: inherit; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;"><span style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; font-family: inherit; font-size: 14px !important; font-style: inherit; font-weight: inherit; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;">Coca-Cola has a slight advantage in this category with 48 year of increases to Pepsico’s 38 years. Let’s be honest, both of these payment histories are impressive, putting both companies in the top 50% of American corporations on the list. Still, this round has to go to KO.</span></span></div><div style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; font-family: inherit; font-size: 14px !important; font-style: inherit; font-weight: inherit; line-height: 22px; margin-bottom: 9px; margin-left: 0px; margin-right: 0px; margin-top: 9px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;"><span style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; font-family: inherit; font-size: 14px !important; font-style: inherit; font-weight: inherit; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;"><span style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; font-family: inherit; font-size: 14px !important; font-style: inherit; font-weight: inherit; margin-bottom: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;"><img hspace="6" src="http://static.seekingalpha.com/uploads/2011/2/6/572488-129702542592069-Craig-Walendziak.jpg" style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; display: inline; font-size: 14px !important; max-width: 480px; outline-color: initial; outline-style: initial; outline-width: 0px; overflow-x: visible; overflow-y: visible; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px;" vspace="6" /></span></span></div><div style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; font-family: inherit; font-size: 14px !important; font-style: inherit; font-weight: inherit; line-height: 22px; margin-bottom: 9px; margin-left: 0px; margin-right: 0px; margin-top: 9px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;">Read the whole article here: <a href="http://seekingalpha.com/article/251263-best-in-breed-dividend-stocks-title-fight-coke-vs-pepsi">Seeking Alpha </a></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiINFtoV_kZjwxOpkemYarvi_gp10gpmNTaNuMiV-WQWbpPOZzKrxVFbB1leHaT3rHSG1-KJhdlTKl3ub-B2sjCGRJQmETC1APJpVkcAvxULkhnOXXAl-2VNYA0EMP0wOd9KwunI5f_dls/s1600/joy-of-pepsi-01.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="236" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiINFtoV_kZjwxOpkemYarvi_gp10gpmNTaNuMiV-WQWbpPOZzKrxVFbB1leHaT3rHSG1-KJhdlTKl3ub-B2sjCGRJQmETC1APJpVkcAvxULkhnOXXAl-2VNYA0EMP0wOd9KwunI5f_dls/s400/joy-of-pepsi-01.jpg" width="400" /></a></div><div style="border-bottom-width: 0px; border-color: initial; border-left-width: 0px; border-right-width: 0px; border-style: initial; border-top-width: 0px; font-family: inherit; font-size: 14px !important; font-style: inherit; font-weight: inherit; line-height: 22px; margin-bottom: 9px; margin-left: 0px; margin-right: 0px; margin-top: 9px; outline-color: initial; outline-style: initial; outline-width: 0px; padding-bottom: 0px; padding-left: 0px; padding-right: 0px; padding-top: 0px; vertical-align: baseline;"><br />
</div>Craig Mackhttp://www.blogger.com/profile/16456650134107539686noreply@blogger.com3tag:blogger.com,1999:blog-1155549436476348480.post-22586159931552579942011-02-05T10:08:00.000-05:002011-02-05T10:08:50.145-05:00Best in Breed Dividend Stocks: Core Holdings for the Long-Term Investor, Part 2<div style="line-height: 16.5pt; margin-bottom: .0001pt; margin: 0in; vertical-align: baseline;">In this installment we cover Consumer Staples, Technology and Industrials:</div><div style="line-height: 16.5pt; margin-bottom: .0001pt; margin: 0in; vertical-align: baseline;"><b><br />
</b></div><div style="line-height: 16.5pt; margin-bottom: .0001pt; margin: 0in; vertical-align: baseline;"><b>Consumer Staples</b></div><div style="border-color: initial; border-style: initial; font-style: inherit; font-weight: inherit; line-height: 16.5pt; margin-bottom: .0001pt; margin: 0in; outline-color: initial; outline-style: initial; outline-width: 0px; vertical-align: baseline;"><b><span style="border-color: initial; border-style: initial; font-style: inherit; font-weight: inherit; outline-color: initial; outline-style: initial; outline-width: 0px;"><span style="border-bottom-color: windowtext; border-bottom-style: none; border-bottom-width: 1pt; border-left-color: windowtext; border-left-style: none; border-left-width: 1pt; border-right-color: windowtext; border-right-style: none; border-right-width: 1pt; border-top-color: windowtext; border-top-style: none; border-top-width: 1pt; font-family: inherit, serif; font-size: 10.5pt; padding-bottom: 0in; padding-left: 0in; padding-right: 0in; padding-top: 0in;">PepsiCo Inc. (<a href="http://seekingalpha.com/symbol/pep" style="border-color: initial; border-style: initial; font-style: inherit; font-weight: inherit; outline-color: initial; outline-style: initial; outline-width: 0px;" title="Pepsico Inc."><span style="text-decoration: none;">PEP</span></a>)</span></span></b><span style="font-family: inherit, serif; font-size: 10.5pt;"><o:p></o:p></span></div><div style="border-color: initial; border-style: initial; font-style: inherit; line-height: 16.5pt; margin-bottom: 6.75pt; margin-left: 0in; margin-right: 0in; margin-top: 6.75pt; outline-color: initial; outline-style: initial; outline-width: 0px; vertical-align: baseline;"><span style="font-size: 10.5pt;"><b>Current Yield: 3%</b><o:p></o:p></span></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiiEb4gKlg8oGOD1Dl3ipixg8-nRScDsssf48TuFjhNyU1gajsGnlFvId1X7UTHUUmeFykIGuCZx_ViRAn1ZzOfDp8mHdsN4OYeDkYQ90hBmNxriqeAgFd1IRsEAmny5qvI65UgaAJVTrk/s1600/191711488_4635e31dfd.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><span class="Apple-style-span" style="color: black;"><img border="0" height="138" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiiEb4gKlg8oGOD1Dl3ipixg8-nRScDsssf48TuFjhNyU1gajsGnlFvId1X7UTHUUmeFykIGuCZx_ViRAn1ZzOfDp8mHdsN4OYeDkYQ90hBmNxriqeAgFd1IRsEAmny5qvI65UgaAJVTrk/s200/191711488_4635e31dfd.jpg" width="200" /></span></a></div><div style="border-color: initial; border-style: initial; font-style: inherit; font-weight: inherit; line-height: 16.5pt; margin-bottom: .0001pt; margin: 0in; outline-color: initial; outline-style: initial; outline-width: 0px; vertical-align: baseline;"><span style="border-bottom-color: windowtext; border-bottom-style: none; border-bottom-width: 1pt; border-left-color: windowtext; border-left-style: none; border-left-width: 1pt; border-right-color: windowtext; border-right-style: none; border-right-width: 1pt; border-top-color: windowtext; border-top-style: none; border-top-width: 1pt; font-family: inherit, serif; font-size: 10.5pt; padding-bottom: 0in; padding-left: 0in; padding-right: 0in; padding-top: 0in;"><span style="border-color: initial; border-style: initial; font-style: inherit; font-weight: inherit; outline-color: initial; outline-style: initial; outline-width: 0px;"><span style="border-color: initial; border-style: initial; font-style: inherit; font-weight: inherit; outline-color: initial; outline-style: initial; outline-width: 0px;">PepsiCo, Inc. manufactures, markets, and sells various foods, snacks, and carbonated and non-carbonated beverages worldwide.Popular products include Pepsi, Mountain Dew, Gatorade, Tropicana, Quaker Foods, Lay's Potato Chips, Doritos Tortilla Chips, Cheetos, Rold Gold Pretzels, and SunChips. It is an iconic brand operating virtually worldwide.</span></span></span><span style="font-family: inherit, serif; font-size: 10.5pt;"><o:p></o:p></span></div><div style="border-color: initial; border-style: initial; font-style: inherit; font-weight: inherit; line-height: 16.5pt; margin-bottom: .0001pt; margin: 0in; outline-color: initial; outline-style: initial; outline-width: 0px; vertical-align: baseline;"><span style="border-bottom-color: windowtext; border-bottom-style: none; border-bottom-width: 1pt; border-left-color: windowtext; border-left-style: none; border-left-width: 1pt; border-right-color: windowtext; border-right-style: none; border-right-width: 1pt; border-top-color: windowtext; border-top-style: none; border-top-width: 1pt; font-family: inherit, serif; font-size: 10.5pt; padding-bottom: 0in; padding-left: 0in; padding-right: 0in; padding-top: 0in;"><span style="border-color: initial; border-style: initial; font-style: inherit; font-weight: inherit; outline-color: initial; outline-style: initial; outline-width: 0px;"><span style="border-color: initial; border-style: initial; font-style: inherit; font-weight: inherit; outline-color: initial; outline-style: initial; outline-width: 0px;"><br />
</span></span></span></div><div style="border-color: initial; border-style: initial; font-style: inherit; font-weight: inherit; line-height: 16.5pt; margin-bottom: .0001pt; margin: 0in; outline-color: initial; outline-style: initial; outline-width: 0px; vertical-align: baseline;"><span style="border-color: initial; border-style: initial; font-style: inherit; font-weight: inherit; outline-color: initial; outline-style: initial; outline-width: 0px;"><span style="border-color: initial; border-style: initial; font-style: inherit; font-weight: inherit; outline-color: initial; outline-style: initial; outline-width: 0px;"><span style="border-bottom-color: windowtext; border-bottom-style: none; border-bottom-width: 1pt; border-left-color: windowtext; border-left-style: none; border-left-width: 1pt; border-right-color: windowtext; border-right-style: none; border-right-width: 1pt; border-top-color: windowtext; border-top-style: none; border-top-width: 1pt; font-family: inherit, serif; font-size: 10.5pt; padding-bottom: 0in; padding-left: 0in; padding-right: 0in; padding-top: 0in;">PepsiCo, Inc. is a member of the elite<span class="apple-converted-space"> </span><a href="http://dripinvesting.org/Tools/Tools.asp" style="border-color: initial; border-style: initial; font-style: inherit; font-weight: inherit; outline-color: initial; outline-style: initial; outline-width: 0px;"><span style="text-decoration: none;">Dividend Champion list</span></a>, increasing its dividend for 38 straight years. Its average dividend growth rate in the last seven years is 17.3% with a payout ratio of under 40%. This is one of the safest and most sustainable dividends in the market.</span></span></span><span style="font-family: inherit, serif; font-size: 10.5pt;"><o:p></o:p></span></div><div style="border-color: initial; border-style: initial; font-style: inherit; font-weight: inherit; line-height: 16.5pt; margin-bottom: .0001pt; margin: 0in; outline-color: initial; outline-style: initial; outline-width: 0px; vertical-align: baseline;"><span style="border-color: initial; border-style: initial; font-style: inherit; font-weight: inherit; outline-color: initial; outline-style: initial; outline-width: 0px;"><span style="border-color: initial; border-style: initial; font-style: inherit; font-weight: inherit; outline-color: initial; outline-style: initial; outline-width: 0px;"><span style="border-bottom-color: windowtext; border-bottom-style: none; border-bottom-width: 1pt; border-left-color: windowtext; border-left-style: none; border-left-width: 1pt; border-right-color: windowtext; border-right-style: none; border-right-width: 1pt; border-top-color: windowtext; border-top-style: none; border-top-width: 1pt; font-family: inherit, serif; font-size: 10.5pt; padding-bottom: 0in; padding-left: 0in; padding-right: 0in; padding-top: 0in;"><br />
</span></span></span></div><div style="border-color: initial; border-style: initial; font-style: inherit; font-weight: inherit; line-height: 16.5pt; margin-bottom: .0001pt; margin: 0in; outline-color: initial; outline-style: initial; outline-width: 0px; vertical-align: baseline;"><span style="font-family: inherit, serif; font-size: 10.5pt;">The fundamentals of<span class="apple-converted-space"> </span><span style="border-bottom-color: windowtext; border-bottom-style: none; border-bottom-width: 1pt; border-left-color: windowtext; border-left-style: none; border-left-width: 1pt; border-right-color: windowtext; border-right-style: none; border-right-width: 1pt; border-top-color: windowtext; border-top-style: none; border-top-width: 1pt; padding-bottom: 0in; padding-left: 0in; padding-right: 0in; padding-top: 0in;"><span style="border-color: initial; border-style: initial; font-style: inherit; font-weight: inherit; outline-color: initial; outline-style: initial; outline-width: 0px;"><span style="border-color: initial; border-style: initial; font-style: inherit; font-weight: inherit; outline-color: initial; outline-style: initial; outline-width: 0px;">PepsiCo, Inc. are downright exciting:</span></span></span></span></div><div style="border-color: initial; border-style: initial; font-style: inherit; font-weight: inherit; line-height: 16.5pt; margin-bottom: .0001pt; margin: 0in; outline-color: initial; outline-style: initial; outline-width: 0px; vertical-align: baseline;"><span style="font-family: inherit, serif; font-size: 10.5pt;"><span style="border-bottom-color: windowtext; border-bottom-style: none; border-bottom-width: 1pt; border-left-color: windowtext; border-left-style: none; border-left-width: 1pt; border-right-color: windowtext; border-right-style: none; border-right-width: 1pt; border-top-color: windowtext; border-top-style: none; border-top-width: 1pt; padding-bottom: 0in; padding-left: 0in; padding-right: 0in; padding-top: 0in;"><span style="border-color: initial; border-style: initial; font-style: inherit; font-weight: inherit; outline-color: initial; outline-style: initial; outline-width: 0px;"><span style="border-color: initial; border-style: initial; font-style: inherit; font-weight: inherit; outline-color: initial; outline-style: initial; outline-width: 0px;"><br />
</span></span></span></span></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEghrBDL_cxD3mnpGbCktKw5nseur5u2hSE36sNYYMtHhIXWJJKOeZDHbMrS8hC4WBUQyw9Q24gui63CR08Oz6tJq-cANFk6kVQFEBt2ITUsiNQgj37Mpz3ouxBvbD6o9Pu7RNeta6Q127o/s1600/Pep+One.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><span class="Apple-style-span" style="color: black;"><img border="0" height="176" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEghrBDL_cxD3mnpGbCktKw5nseur5u2hSE36sNYYMtHhIXWJJKOeZDHbMrS8hC4WBUQyw9Q24gui63CR08Oz6tJq-cANFk6kVQFEBt2ITUsiNQgj37Mpz3ouxBvbD6o9Pu7RNeta6Q127o/s400/Pep+One.jpg" width="400" /></span></a></div><div style="border-color: initial; border-style: initial; font-style: inherit; font-weight: inherit; line-height: 16.5pt; margin-bottom: .0001pt; margin: 0in; outline-color: initial; outline-style: initial; outline-width: 0px; vertical-align: baseline;"><span style="font-family: inherit, serif; font-size: 10.5pt;"><span style="border-bottom-color: windowtext; border-bottom-style: none; border-bottom-width: 1pt; border-left-color: windowtext; border-left-style: none; border-left-width: 1pt; border-right-color: windowtext; border-right-style: none; border-right-width: 1pt; border-top-color: windowtext; border-top-style: none; border-top-width: 1pt; padding-bottom: 0in; padding-left: 0in; padding-right: 0in; padding-top: 0in;"><span style="border-bottom-color: windowtext; border-bottom-style: none; border-bottom-width: 1pt; border-left-color: windowtext; border-left-style: none; border-left-width: 1pt; border-right-color: windowtext; border-right-style: none; border-right-width: 1pt; border-top-color: windowtext; border-top-style: none; border-top-width: 1pt; font-size: 10.5pt; padding-bottom: 0in; padding-left: 0in; padding-right: 0in; padding-top: 0in;"><br />
</span></span><span style="border-color: initial; border-style: initial; font-style: inherit; font-weight: inherit; outline-color: initial; outline-style: initial; outline-width: 0px;"><span style="border-color: initial; border-style: initial; font-style: inherit; font-weight: inherit; outline-color: initial; outline-style: initial; outline-width: 0px;">ROE in the last seven years is 33.4%, nearly three times the average. Likewise, the sustainable growth rate is 19.8%, nearly double the 10% SGR I look for in investments. PepsiCo, Inc. is currently trading at a P/E of 16.2, which is three points below its seven-year average.</span></span></span><span style="font-family: inherit, serif; font-size: 10.5pt;"><o:p></o:p></span></div><div style="border-color: initial; border-style: initial; font-style: inherit; font-weight: inherit; line-height: 16.5pt; margin-bottom: .0001pt; margin: 0in; outline-color: initial; outline-style: initial; outline-width: 0px; vertical-align: baseline;"><span style="font-family: inherit, serif; font-size: 10.5pt;"><span style="border-color: initial; border-style: initial; font-style: inherit; font-weight: inherit; outline-color: initial; outline-style: initial; outline-width: 0px;"><span style="border-color: initial; border-style: initial; font-style: inherit; font-weight: inherit; outline-color: initial; outline-style: initial; outline-width: 0px;"><br />
</span></span></span></div><div style="border-color: initial; border-style: initial; font-style: inherit; font-weight: inherit; line-height: 16.5pt; margin-bottom: .0001pt; margin: 0in; outline-color: initial; outline-style: initial; outline-width: 0px; vertical-align: baseline;"><span style="border-color: initial; border-style: initial; font-style: inherit; font-weight: inherit; outline-color: initial; outline-style: initial; outline-width: 0px;"><span style="border-color: initial; border-style: initial; font-style: inherit; font-weight: inherit; outline-color: initial; outline-style: initial; outline-width: 0px;"><span style="border-bottom-color: windowtext; border-bottom-style: none; border-bottom-width: 1pt; border-left-color: windowtext; border-left-style: none; border-left-width: 1pt; border-right-color: windowtext; border-right-style: none; border-right-width: 1pt; border-top-color: windowtext; border-top-style: none; border-top-width: 1pt; font-family: inherit, serif; font-size: 10.5pt; padding-bottom: 0in; padding-left: 0in; padding-right: 0in; padding-top: 0in;">When we model PepsiCo, Inc.'s future EPS using these metrics, the results are compelling:</span></span></span><span style="font-family: inherit, serif; font-size: 10.5pt;"><o:p></o:p></span></div><div style="border-color: initial; border-style: initial; font-style: inherit; font-weight: inherit; line-height: 16.5pt; margin-bottom: .0001pt; margin: 0in; outline-color: initial; outline-style: initial; outline-width: 0px; vertical-align: baseline;"><span class="Apple-style-span"><span class="Apple-style-span" style="font-size: 14px;"><br />
</span></span></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi_lvC7xoIgpZexBGgpjsUClf_pMR8NMxt5WMJeMq2GVKfc7aCIkBHfp9a6VJ-nqbdPrDfnve7-FCT_ojgPXh1T2rg9sFj5h_jQ1NN4xGBkicB_iUgq6buLfMwQ_8XNTUXBYfnlShMl06k/s1600/pep+two.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><span class="Apple-style-span" style="color: black;"><img border="0" height="121" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi_lvC7xoIgpZexBGgpjsUClf_pMR8NMxt5WMJeMq2GVKfc7aCIkBHfp9a6VJ-nqbdPrDfnve7-FCT_ojgPXh1T2rg9sFj5h_jQ1NN4xGBkicB_iUgq6buLfMwQ_8XNTUXBYfnlShMl06k/s400/pep+two.jpg" width="400" /></span></a></div><div style="border-color: initial; border-style: initial; font-style: inherit; font-weight: inherit; line-height: 16.5pt; margin-bottom: .0001pt; margin: 0in; outline-color: initial; outline-style: initial; outline-width: 0px; vertical-align: baseline;"><span class="Apple-style-span" style="font-size: 14px;"><br />
</span></div><div style="border-color: initial; border-style: initial; margin-bottom: 0.0001pt; margin-left: 0in; margin-right: 0in; margin-top: 0in; outline-color: initial; outline-style: initial; outline-width: 0px; vertical-align: baseline;"><span class="Apple-style-span" style="font-style: inherit; font-weight: inherit; line-height: 16.5pt;"><span class="Apple-style-span" style="font-size: 14px;">Read the rest of </span></span><span class="Apple-style-span" style="font-size: 14px; line-height: 22px;">Best in Breed Dividend Stocks: Core Holdings for the Long-Term Investor, Part 2 at <a href="http://seekingalpha.com/article/250865-best-in-breed-dividend-stocks-core-holdings-for-the-long-term-investor-part-2">Seeking Alpha</a> </span></div><div class="MsoNormal"><br />
</div>Craig Mackhttp://www.blogger.com/profile/16456650134107539686noreply@blogger.com2tag:blogger.com,1999:blog-1155549436476348480.post-35338564325313916102011-01-30T09:14:00.001-05:002011-02-05T10:10:30.226-05:00Best in Breed Dividend Stocks: Core Holdings for the Long-Term Investor (part one)<div class="MsoNormal" style="text-align: justify;"><span class="Apple-style-span" style="color: #333333;"></span></div><div class="MsoNormal" style="text-align: justify;"><span class="apple-style-span">There are many factors to consider when creating a long term buy and hold dividend portfolio. First and foremost is obviously diversification. As I have stated in previous articles, a properly diversified portfolio can better withstand the occasional sell-off in certain sectors. Second, it is important to accurately identify ‘Best in Breed’ stocks within each sector. These stocks should always be the core of your portfolio. Every investor has different ideas on what constitutes a good investment, here is what I look for. <o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><span class="apple-style-span"><br />
</span></div><div class="MsoNormal" style="text-align: justify;"><span class="apple-style-span">What constitutes a ‘Best in Breed’ dividend stock? <o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"></div><ol><li style="text-align: justify;"><b>Consistent Long Term Dividend Payments:</b> For the most part, we are looking for companies that have paid a consistent dividend for over 10 years. A few good starting points for indentifying these companies are the Dividend Champions and the S&P Dividend Aristocrat. I prefer the Dividend Champion resource as it focuses on consistent dividend growth.</li>
<li style="text-align: justify;"><b>Dividend Growth:</b> Speaking of dividend growth, we are looking for companies that consistently raise their annual dividend payments. It’s easy to for investors to get stuck on current yield when doing due diligence on a stock. Although a decent current yield is important, it is your future yield on cost that will ultimately matter. The compounding returns of Dividend Growth stocks will outperform strictly high yield stocks in the long run. More on this later.</li>
<li style="text-align: justify;">........</li>
</ol><div class="MsoNormal" style="text-align: justify;">Find out the stocks we chose at <a href="http://seekingalpha.com/article/249527-best-in-breed-dividend-stocks-core-holdings-for-the-long-term-investor">Seeking Alpha: Best in Breed Dividend Stocks: Core Holdings for the Long-Term Investor</a></div>Craig Mackhttp://www.blogger.com/profile/16456650134107539686noreply@blogger.com2tag:blogger.com,1999:blog-1155549436476348480.post-1264276223916745512011-01-25T11:00:00.001-05:002011-01-25T11:07:01.709-05:00Hasbro's Fundamentals: More Than Meets the Eye<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjzKM5XC0fp8S5z1iutVqHrIeijSiGNenk8ICz48MFa5xjNz71y63alUSk8D_l7kygEWYztrWWcFPlqdhkUTkKPye0UQON6EfSLuGkFudlNWNrjASt6i8k9_msMbTI7r1wtIZFVacAPyNk/s1600/megan-fox.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" height="200" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjzKM5XC0fp8S5z1iutVqHrIeijSiGNenk8ICz48MFa5xjNz71y63alUSk8D_l7kygEWYztrWWcFPlqdhkUTkKPye0UQON6EfSLuGkFudlNWNrjASt6i8k9_msMbTI7r1wtIZFVacAPyNk/s200/megan-fox.jpg" width="190" /></a></div><div class="MsoNormal" style="text-align: justify;"><span class="Apple-style-span" style="color: white;">Ah Hasbro. My childhood was spent playing with cast iron Transformers and G.I. Joes with the kung fu grip. There were more fights at my dining room table during Monopoly games than in the bleachers at Fenway during a Yankee series. We all know Hasbro. There is no substitute for their products. If your kid wants a G.I. Joe, you get the kid a G.I. Joe. If he wants to play Pokémon- you better get the kid a Pikachu. Now if they would only make that Megan Fox action figure from Transformer’s so I can relive my youth….</span></div><div class="MsoNormal" style="text-align: justify;"><span class="Apple-style-span" style="color: white;"><br />
</span></div><div class="MsoNormal" style="text-align: justify;"><b><span class="Apple-style-span" style="color: white;">What it does:<o:p></o:p></span></b></div><div class="MsoNormal" style="text-align: justify;"><b><span class="Apple-style-span" style="color: white;"><br />
</span></b></div><div class="MsoNormal" style="text-align: justify;"><span class="Apple-style-span" style="color: white;"><span class="apple-style-span"><span style="line-height: 115%;">Hasbro, Inc. engages in the design, manufacture, and marketing of games and toys.</span></span><span class="apple-converted-space"><span style="line-height: 115%;"> It produces many of the most sought after products in the market such as: </span></span><span class="apple-style-span">Playskool, Transformers, Nerf, My Little Pony, Littlest Pet Shop, Tonka, G.I. Joe, Super Soaker, Milton Bradley, Parker Brothers, Cranium, Avalon Hill, Tiger, Strawberry Shortcake, and Wizards of the Coast. <o:p></o:p></span></span></div><div class="MsoNormal" style="text-align: justify;"><span class="apple-style-span"><span class="Apple-style-span" style="color: white;"><br />
</span></span></div><div class="MsoNormal" style="text-align: justify;"><span class="apple-style-span"><span class="Apple-style-span" style="color: white;">But Hasbro is much more than a simple toy company. It has transformed (pun intended) these popular products into popular brands, slapping these characters and logos on anything and everything. Backpacks, underwear, lunchboxes, notebooks, shirts, cereal have all been graced with Optimus Prime, My Little Pony and the likes. There is simply no substitute for a Transformer (anyone remember the Go-Bots?). Through its aggressive branding campaign Hasbro has created a wide competitive moat for its products. </span></span><span class="apple-converted-space"><span style="color: black;"><o:p></o:p></span></span></div><div class="MsoNormal" style="text-align: justify;"><br />
</div><div class="MsoNormal" style="text-align: justify;"><b></b></div><table border="1" cellpadding="0" cellspacing="0" class="MsoTableMediumList2Accent3" style="border-bottom-style: none; border-collapse: collapse; border-color: initial; border-left-style: none; border-right-style: none; border-top-style: none; border-width: initial; width: 506px;"><tbody>
<tr style="height: 13.1pt; mso-yfti-firstrow: yes; mso-yfti-irow: -1;"> <td colspan="2" nowrap="" style="background: white; border-bottom: solid #9BBB59 3.0pt; border-left: solid windowtext 1.0pt; border-right: none; border-top: solid windowtext 1.0pt; height: 13.1pt; mso-background-themecolor: background1; mso-border-bottom-alt: solid #9BBB59 3.0pt; mso-border-bottom-themecolor: accent3; mso-border-bottom-themecolor: accent3; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 101.45pt;" valign="top" width="135"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-yfti-cnfc: 517; text-align: center;"><b><span style="color: black; font-family: Arial, sans-serif; font-size: 10pt;">Current Stock Data<o:p></o:p></span></b></div></td> <td nowrap="" style="background: white; border-bottom: solid #9BBB59 3.0pt; border-left: none; border-right: none; border-top: solid windowtext 1.0pt; height: 13.1pt; mso-background-themecolor: background1; mso-border-bottom-alt: solid #9BBB59 3.0pt; mso-border-bottom-themecolor: accent3; mso-border-bottom-themecolor: accent3; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 32.2pt;" valign="top" width="43"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-yfti-cnfc: 1;"><br />
</div></td> <td nowrap="" style="background: white; border-bottom: solid #9BBB59 3.0pt; border-left: none; border-right: none; border-top: solid windowtext 1.0pt; height: 13.1pt; mso-background-themecolor: background1; mso-border-bottom-alt: solid #9BBB59 3.0pt; mso-border-bottom-themecolor: accent3; mso-border-bottom-themecolor: accent3; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: .6in;" valign="top" width="58"></td> <td colspan="3" nowrap="" style="background: white; border-bottom: solid #9BBB59 3.0pt; border-left: none; border-right: none; border-top: solid windowtext 1.0pt; height: 13.1pt; mso-background-themecolor: background1; mso-border-bottom-alt: solid #9BBB59 3.0pt; mso-border-bottom-themecolor: accent3; mso-border-bottom-themecolor: accent3; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 170.7pt;" valign="top" width="228"><div align="center" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-yfti-cnfc: 1; text-align: center;"><b><span style="color: black; font-family: Arial, sans-serif; font-size: 10pt;">Seven Year Averages<o:p></o:p></span></b></div></td> <td nowrap="" style="background: white; border-bottom: solid #9BBB59 3.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: solid windowtext 1.0pt; height: 13.1pt; mso-background-themecolor: background1; mso-border-bottom-alt: solid #9BBB59 3.0pt; mso-border-bottom-themecolor: accent3; mso-border-bottom-themecolor: accent3; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 32.2pt;" valign="top" width="43"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-yfti-cnfc: 1;"><br />
</div></td> </tr>
<tr style="height: 13.1pt; mso-yfti-irow: 0;"> <td nowrap="" style="background: white; border-bottom: none; border-left: solid windowtext 1.0pt; border-right: solid #9BBB59 1.0pt; border-top: none; height: 13.1pt; mso-background-themecolor: background1; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid #9BBB59 1.0pt; mso-border-right-themecolor: accent3; mso-border-right-themecolor: accent3; padding: 0in 5.4pt 0in 5.4pt; width: 67.6pt;" valign="top" width="90"><div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-yfti-cnfc: 68; text-align: right;"><b><span style="color: black; font-family: Arial, sans-serif; font-size: 10pt;">Company:<o:p></o:p></span></b></div></td> <td nowrap="" style="background: #E6EED5; border: none; height: 13.1pt; mso-background-themecolor: accent3; mso-background-themetint: 63; padding: 0in 5.4pt 0in 5.4pt; width: 33.8pt;" valign="top" width="45"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-yfti-cnfc: 64;"><span style="color: black; font-family: Arial, sans-serif; font-size: 10pt;">Hasbro<o:p></o:p></span></div></td> <td nowrap="" style="background: #E6EED5; border: none; height: 13.1pt; mso-background-themecolor: accent3; mso-background-themetint: 63; padding: 0in 5.4pt 0in 5.4pt; width: 32.2pt;" valign="top" width="43"></td> <td nowrap="" style="background: #E6EED5; border: none; height: 13.1pt; mso-background-themecolor: accent3; mso-background-themetint: 63; padding: 0in 5.4pt 0in 5.4pt; width: .6in;" valign="top" width="58"></td> <td nowrap="" style="background: #E6EED5; border-right: solid windowtext 1.0pt; border: none; height: 13.1pt; mso-background-themecolor: accent3; mso-background-themetint: 63; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 9.25pt;" valign="top" width="12"></td> <td nowrap="" style="background: white; border-right: solid windowtext 1.0pt; border: none; height: 13.1pt; mso-background-themecolor: background1; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 107.15pt;" valign="top" width="143"><div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-yfti-cnfc: 64; text-align: right;"><b><span style="color: black; font-family: Arial, sans-serif; font-size: 10pt;">Return on Equity:<o:p></o:p></span></b></div></td> <td nowrap="" style="background: #E6EED5; border: none; height: 13.1pt; mso-background-themecolor: accent3; mso-background-themetint: 63; mso-border-left-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 54.3pt;" valign="top" width="72"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-yfti-cnfc: 64;"><span style="color: black; font-family: Arial, sans-serif; font-size: 10pt;">15.6%<o:p></o:p></span></div></td> <td nowrap="" style="background: #E6EED5; border-right: solid windowtext 1.0pt; border: none; height: 13.1pt; mso-background-themecolor: accent3; mso-background-themetint: 63; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 32.2pt;" valign="top" width="43"></td> </tr>
<tr style="height: 13.1pt; mso-yfti-irow: 1;"> <td nowrap="" style="background: white; border-bottom: none; border-left: solid windowtext 1.0pt; border-right: solid #9BBB59 1.0pt; border-top: none; height: 13.1pt; mso-background-themecolor: background1; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid #9BBB59 1.0pt; mso-border-right-themecolor: accent3; mso-border-right-themecolor: accent3; padding: 0in 5.4pt 0in 5.4pt; width: 67.6pt;" valign="top" width="90"><div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-yfti-cnfc: 4; text-align: right;"><b><span style="color: black; font-family: Arial, sans-serif; font-size: 10pt;">Ticker:<o:p></o:p></span></b></div></td> <td nowrap="" style="background: white; border: none; height: 13.1pt; mso-background-themecolor: background1; padding: 0in 5.4pt 0in 5.4pt; width: 33.8pt;" valign="top" width="45"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;"><span style="color: black; font-family: Arial, sans-serif; font-size: 10pt;">HAS <o:p></o:p></span></div></td> <td nowrap="" style="background: white; border: none; height: 13.1pt; mso-background-themecolor: background1; padding: 0in 5.4pt 0in 5.4pt; width: 32.2pt;" valign="top" width="43"></td> <td nowrap="" style="background: white; border: none; height: 13.1pt; mso-background-themecolor: background1; padding: 0in 5.4pt 0in 5.4pt; width: .6in;" valign="top" width="58"></td> <td nowrap="" style="border-right: solid windowtext 1.0pt; border: none; height: 13.1pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 9.25pt;" valign="top" width="12"></td> <td nowrap="" style="background: white; border-right: solid windowtext 1.0pt; border: none; height: 13.1pt; mso-background-themecolor: background1; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 107.15pt;" valign="top" width="143"><div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: right;"><b><span style="color: black; font-family: Arial, sans-serif; font-size: 10pt;">Payout Ratio:<o:p></o:p></span></b></div></td> <td nowrap="" style="background: white; border: none; height: 13.1pt; mso-background-themecolor: background1; mso-border-left-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 54.3pt;" valign="top" width="72"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;"><span style="color: black; font-family: Arial, sans-serif; font-size: 10pt;">28.7%<o:p></o:p></span></div></td> <td nowrap="" style="background: white; border-right: solid windowtext 1.0pt; border: none; height: 13.1pt; mso-background-themecolor: background1; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 32.2pt;" valign="top" width="43"></td> </tr>
<tr style="height: 13.1pt; mso-yfti-irow: 2;"> <td nowrap="" style="background: white; border-bottom: none; border-left: solid windowtext 1.0pt; border-right: solid #9BBB59 1.0pt; border-top: none; height: 13.1pt; mso-background-themecolor: background1; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid #9BBB59 1.0pt; mso-border-right-themecolor: accent3; mso-border-right-themecolor: accent3; padding: 0in 5.4pt 0in 5.4pt; width: 67.6pt;" valign="top" width="90"><div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-yfti-cnfc: 68; text-align: right;"><b><span style="color: black; font-family: Arial, sans-serif; font-size: 10pt;">Price:<o:p></o:p></span></b></div></td> <td nowrap="" style="background: #E6EED5; border: none; height: 13.1pt; mso-background-themecolor: accent3; mso-background-themetint: 63; padding: 0in 5.4pt 0in 5.4pt; width: 33.8pt;" valign="top" width="45"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-yfti-cnfc: 64;"><span style="color: black; font-family: Arial, sans-serif; font-size: 10pt;">$44.61 <o:p></o:p></span></div></td> <td nowrap="" style="background: #E6EED5; border: none; height: 13.1pt; mso-background-themecolor: accent3; mso-background-themetint: 63; padding: 0in 5.4pt 0in 5.4pt; width: 32.2pt;" valign="top" width="43"></td> <td nowrap="" style="background: #E6EED5; border: none; height: 13.1pt; mso-background-themecolor: accent3; mso-background-themetint: 63; padding: 0in 5.4pt 0in 5.4pt; width: .6in;" valign="top" width="58"></td> <td nowrap="" style="background: #E6EED5; border-right: solid windowtext 1.0pt; border: none; height: 13.1pt; mso-background-themecolor: accent3; mso-background-themetint: 63; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 9.25pt;" valign="top" width="12"></td> <td nowrap="" style="background: white; border-right: solid windowtext 1.0pt; border: none; height: 13.1pt; mso-background-themecolor: background1; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 107.15pt;" valign="top" width="143"><div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-yfti-cnfc: 64; text-align: right;"><b><span style="color: black; font-family: Arial, sans-serif; font-size: 10pt;">P/E Ratio-High:<o:p></o:p></span></b></div></td> <td nowrap="" style="background: #E6EED5; border: none; height: 13.1pt; mso-background-themecolor: accent3; mso-background-themetint: 63; mso-border-left-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 54.3pt;" valign="top" width="72"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-yfti-cnfc: 64;"><span style="color: black; font-family: Arial, sans-serif; font-size: 10pt;">20.0 <o:p></o:p></span></div></td> <td nowrap="" style="background: #E6EED5; border-right: solid windowtext 1.0pt; border: none; height: 13.1pt; mso-background-themecolor: accent3; mso-background-themetint: 63; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 32.2pt;" valign="top" width="43"></td> </tr>
<tr style="height: 13.1pt; mso-yfti-irow: 3;"> <td nowrap="" style="background: white; border-bottom: none; border-left: solid windowtext 1.0pt; border-right: solid #9BBB59 1.0pt; border-top: none; height: 13.1pt; mso-background-themecolor: background1; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid #9BBB59 1.0pt; mso-border-right-themecolor: accent3; mso-border-right-themecolor: accent3; padding: 0in 5.4pt 0in 5.4pt; width: 67.6pt;" valign="top" width="90"><div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-yfti-cnfc: 4; text-align: right;"><b><span style="color: black; font-family: Arial, sans-serif; font-size: 10pt;">EPS:<o:p></o:p></span></b></div></td> <td nowrap="" style="background: white; border: none; height: 13.1pt; mso-background-themecolor: background1; padding: 0in 5.4pt 0in 5.4pt; width: 33.8pt;" valign="top" width="45"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;"><span style="color: black; font-family: Arial, sans-serif; font-size: 10pt;">$2.87 <o:p></o:p></span></div></td> <td nowrap="" style="background: white; border: none; height: 13.1pt; mso-background-themecolor: background1; padding: 0in 5.4pt 0in 5.4pt; width: 32.2pt;" valign="top" width="43"></td> <td nowrap="" style="background: white; border: none; height: 13.1pt; mso-background-themecolor: background1; padding: 0in 5.4pt 0in 5.4pt; width: .6in;" valign="top" width="58"></td> <td nowrap="" style="border-right: solid windowtext 1.0pt; border: none; height: 13.1pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 9.25pt;" valign="top" width="12"></td> <td nowrap="" style="background: white; border-right: solid windowtext 1.0pt; border: none; height: 13.1pt; mso-background-themecolor: background1; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 107.15pt;" valign="top" width="143"><div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: right;"><b><span style="color: black; font-family: Arial, sans-serif; font-size: 10pt;">P/E Ratio-Low:<o:p></o:p></span></b></div></td> <td nowrap="" style="background: white; border: none; height: 13.1pt; mso-background-themecolor: background1; mso-border-left-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 54.3pt;" valign="top" width="72"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;"><span style="color: black; font-family: Arial, sans-serif; font-size: 10pt;">13.0 <o:p></o:p></span></div></td> <td nowrap="" style="background: white; border-right: solid windowtext 1.0pt; border: none; height: 13.1pt; mso-background-themecolor: background1; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 32.2pt;" valign="top" width="43"></td> </tr>
<tr style="height: 13.1pt; mso-yfti-irow: 4;"> <td nowrap="" style="background: white; border-bottom: none; border-left: solid windowtext 1.0pt; border-right: solid #9BBB59 1.0pt; border-top: none; height: 13.1pt; mso-background-themecolor: background1; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid #9BBB59 1.0pt; mso-border-right-themecolor: accent3; mso-border-right-themecolor: accent3; padding: 0in 5.4pt 0in 5.4pt; width: 67.6pt;" valign="top" width="90"><div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-yfti-cnfc: 68; text-align: right;"><b><span style="color: black; font-family: Arial, sans-serif; font-size: 10pt;">DPS:<o:p></o:p></span></b></div></td> <td nowrap="" style="background: #E6EED5; border: none; height: 13.1pt; mso-background-themecolor: accent3; mso-background-themetint: 63; padding: 0in 5.4pt 0in 5.4pt; width: 33.8pt;" valign="top" width="45"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-yfti-cnfc: 64;"><span style="color: black; font-family: Arial, sans-serif; font-size: 10pt;">$1.00 <o:p></o:p></span></div></td> <td nowrap="" style="background: #E6EED5; border: none; height: 13.1pt; mso-background-themecolor: accent3; mso-background-themetint: 63; padding: 0in 5.4pt 0in 5.4pt; width: 32.2pt;" valign="top" width="43"></td> <td nowrap="" style="background: #E6EED5; border: none; height: 13.1pt; mso-background-themecolor: accent3; mso-background-themetint: 63; padding: 0in 5.4pt 0in 5.4pt; width: .6in;" valign="top" width="58"></td> <td nowrap="" style="background: #E6EED5; border-right: solid windowtext 1.0pt; border: none; height: 13.1pt; mso-background-themecolor: accent3; mso-background-themetint: 63; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 9.25pt;" valign="top" width="12"></td> <td nowrap="" style="background: white; border-right: solid windowtext 1.0pt; border: none; height: 13.1pt; mso-background-themecolor: background1; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 107.15pt;" valign="top" width="143"><div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-yfti-cnfc: 64; text-align: right;"><b><span style="color: black; font-family: Arial, sans-serif; font-size: 10pt;">P/E Ratio:<o:p></o:p></span></b></div></td> <td nowrap="" style="background: #E6EED5; border: none; height: 13.1pt; mso-background-themecolor: accent3; mso-background-themetint: 63; mso-border-left-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 54.3pt;" valign="top" width="72"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-yfti-cnfc: 64;"><span style="color: black; font-family: Arial, sans-serif; font-size: 10pt;">16.5 <o:p></o:p></span></div></td> <td nowrap="" style="background: #E6EED5; border-right: solid windowtext 1.0pt; border: none; height: 13.1pt; mso-background-themecolor: accent3; mso-background-themetint: 63; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 32.2pt;" valign="top" width="43"></td> </tr>
<tr style="height: 13.1pt; mso-yfti-irow: 5;"> <td nowrap="" style="background: white; border-bottom: none; border-left: solid windowtext 1.0pt; border-right: solid #9BBB59 1.0pt; border-top: none; height: 13.1pt; mso-background-themecolor: background1; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid #9BBB59 1.0pt; mso-border-right-themecolor: accent3; mso-border-right-themecolor: accent3; padding: 0in 5.4pt 0in 5.4pt; width: 67.6pt;" valign="top" width="90"><div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-yfti-cnfc: 4; text-align: right;"><b><span style="color: black; font-family: Arial, sans-serif; font-size: 10pt;">BVPS:<o:p></o:p></span></b></div></td> <td nowrap="" style="background: white; border: none; height: 13.1pt; mso-background-themecolor: background1; padding: 0in 5.4pt 0in 5.4pt; width: 33.8pt;" valign="top" width="45"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;"><span style="color: black; font-family: Arial, sans-serif; font-size: 10pt;">$10.91 <o:p></o:p></span></div></td> <td nowrap="" style="background: white; border: none; height: 13.1pt; mso-background-themecolor: background1; padding: 0in 5.4pt 0in 5.4pt; width: 32.2pt;" valign="top" width="43"></td> <td nowrap="" style="background: white; border: none; height: 13.1pt; mso-background-themecolor: background1; padding: 0in 5.4pt 0in 5.4pt; width: .6in;" valign="top" width="58"></td> <td nowrap="" style="border-right: solid windowtext 1.0pt; border: none; height: 13.1pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 9.25pt;" valign="top" width="12"></td> <td nowrap="" style="background: white; border-right: solid windowtext 1.0pt; border: none; height: 13.1pt; mso-background-themecolor: background1; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 107.15pt;" valign="top" width="143"><div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; text-align: right;"><b><span style="color: black; font-family: Arial, sans-serif; font-size: 10pt;">Sustainable Growth<o:p></o:p></span></b></div></td> <td nowrap="" style="background: white; border: none; height: 13.1pt; mso-background-themecolor: background1; mso-border-left-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 54.3pt;" valign="top" width="72"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;"><span style="color: black; font-family: Arial, sans-serif; font-size: 10pt;">11.1%<o:p></o:p></span></div></td> <td nowrap="" style="background: white; border-right: solid windowtext 1.0pt; border: none; height: 13.1pt; mso-background-themecolor: background1; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 32.2pt;" valign="top" width="43"></td> </tr>
<tr style="height: 13.1pt; mso-yfti-irow: 6;"> <td nowrap="" style="background: white; border-bottom: none; border-left: solid windowtext 1.0pt; border-right: solid #9BBB59 1.0pt; border-top: none; height: 13.1pt; mso-background-themecolor: background1; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid #9BBB59 1.0pt; mso-border-right-themecolor: accent3; mso-border-right-themecolor: accent3; padding: 0in 5.4pt 0in 5.4pt; width: 67.6pt;" valign="top" width="90"><div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-yfti-cnfc: 68; text-align: right;"><b><span style="color: black; font-family: Arial, sans-serif; font-size: 10pt;">P/E:<o:p></o:p></span></b></div></td> <td nowrap="" style="background: #E6EED5; border: none; height: 13.1pt; mso-background-themecolor: accent3; mso-background-themetint: 63; padding: 0in 5.4pt 0in 5.4pt; width: 33.8pt;" valign="top" width="45"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-yfti-cnfc: 64;"><span style="color: black; font-family: Arial, sans-serif; font-size: 10pt;">15.5 <o:p></o:p></span></div></td> <td nowrap="" style="background: #E6EED5; border: none; height: 13.1pt; mso-background-themecolor: accent3; mso-background-themetint: 63; padding: 0in 5.4pt 0in 5.4pt; width: 32.2pt;" valign="top" width="43"></td> <td nowrap="" style="background: #E6EED5; border: none; height: 13.1pt; mso-background-themecolor: accent3; mso-background-themetint: 63; padding: 0in 5.4pt 0in 5.4pt; width: .6in;" valign="top" width="58"></td> <td nowrap="" style="background: #E6EED5; border-right: solid windowtext 1.0pt; border: none; height: 13.1pt; mso-background-themecolor: accent3; mso-background-themetint: 63; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 9.25pt;" valign="top" width="12"></td> <td nowrap="" style="background: white; border-right: solid windowtext 1.0pt; border: none; height: 13.1pt; mso-background-themecolor: background1; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 107.15pt;" valign="top" width="143"></td> <td nowrap="" style="background: #E6EED5; border: none; height: 13.1pt; mso-background-themecolor: accent3; mso-background-themetint: 63; mso-border-left-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 54.3pt;" valign="top" width="72"></td> <td nowrap="" style="background: #E6EED5; border-right: solid windowtext 1.0pt; border: none; height: 13.1pt; mso-background-themecolor: accent3; mso-background-themetint: 63; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 32.2pt;" valign="top" width="43"></td> </tr>
<tr style="height: 13.1pt; mso-yfti-irow: 7;"> <td nowrap="" style="background: white; border-bottom: none; border-left: solid windowtext 1.0pt; border-right: solid #9BBB59 1.0pt; border-top: none; height: 13.1pt; mso-background-themecolor: background1; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid #9BBB59 1.0pt; mso-border-right-themecolor: accent3; mso-border-right-themecolor: accent3; padding: 0in 5.4pt 0in 5.4pt; width: 67.6pt;" valign="top" width="90"><div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-yfti-cnfc: 4; text-align: right;"><b><span style="color: black; font-family: Arial, sans-serif; font-size: 10pt;">Earnings Yield:<o:p></o:p></span></b></div></td> <td nowrap="" style="background: white; border: none; height: 13.1pt; mso-background-themecolor: background1; padding: 0in 5.4pt 0in 5.4pt; width: 33.8pt;" valign="top" width="45"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;"><span style="color: black; font-family: Arial, sans-serif; font-size: 10pt;">6.4%<o:p></o:p></span></div></td> <td nowrap="" style="background: white; border: none; height: 13.1pt; mso-background-themecolor: background1; padding: 0in 5.4pt 0in 5.4pt; width: 32.2pt;" valign="top" width="43"></td> <td nowrap="" style="background: white; border: none; height: 13.1pt; mso-background-themecolor: background1; padding: 0in 5.4pt 0in 5.4pt; width: .6in;" valign="top" width="58"></td> <td nowrap="" style="border-right: solid windowtext 1.0pt; border: none; height: 13.1pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 9.25pt;" valign="top" width="12"></td> <td nowrap="" style="background: white; border-right: solid windowtext 1.0pt; border: none; height: 13.1pt; mso-background-themecolor: background1; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 107.15pt;" valign="top" width="143"></td> <td nowrap="" style="background: white; border: none; height: 13.1pt; mso-background-themecolor: background1; mso-border-left-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 54.3pt;" valign="top" width="72"></td> <td nowrap="" style="background: white; border-right: solid windowtext 1.0pt; border: none; height: 13.1pt; mso-background-themecolor: background1; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 32.2pt;" valign="top" width="43"></td> </tr>
<tr style="height: 13.1pt; mso-yfti-irow: 8;"> <td nowrap="" style="background: white; border-bottom: none; border-left: solid windowtext 1.0pt; border-right: solid #9BBB59 1.0pt; border-top: none; height: 13.1pt; mso-background-themecolor: background1; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid #9BBB59 1.0pt; mso-border-right-themecolor: accent3; mso-border-right-themecolor: accent3; padding: 0in 5.4pt 0in 5.4pt; width: 67.6pt;" valign="top" width="90"><div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-yfti-cnfc: 68; text-align: right;"><b><span style="color: black; font-family: Arial, sans-serif; font-size: 10pt;">Dividend Yield:<o:p></o:p></span></b></div></td> <td nowrap="" style="background: #E6EED5; border: none; height: 13.1pt; mso-background-themecolor: accent3; mso-background-themetint: 63; padding: 0in 5.4pt 0in 5.4pt; width: 33.8pt;" valign="top" width="45"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-yfti-cnfc: 64;"><span style="color: black; font-family: Arial, sans-serif; font-size: 10pt;">2.2%<o:p></o:p></span></div></td> <td nowrap="" style="background: #E6EED5; border: none; height: 13.1pt; mso-background-themecolor: accent3; mso-background-themetint: 63; padding: 0in 5.4pt 0in 5.4pt; width: 32.2pt;" valign="top" width="43"></td> <td nowrap="" style="background: #E6EED5; border: none; height: 13.1pt; mso-background-themecolor: accent3; mso-background-themetint: 63; padding: 0in 5.4pt 0in 5.4pt; width: .6in;" valign="top" width="58"></td> <td nowrap="" style="background: #E6EED5; border-right: solid windowtext 1.0pt; border: none; height: 13.1pt; mso-background-themecolor: accent3; mso-background-themetint: 63; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 9.25pt;" valign="top" width="12"></td> <td nowrap="" style="background: white; border-right: solid windowtext 1.0pt; border: none; height: 13.1pt; mso-background-themecolor: background1; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 107.15pt;" valign="top" width="143"></td> <td nowrap="" style="background: #E6EED5; border: none; height: 13.1pt; mso-background-themecolor: accent3; mso-background-themetint: 63; mso-border-left-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 54.3pt;" valign="top" width="72"></td> <td nowrap="" style="background: #E6EED5; border-right: solid windowtext 1.0pt; border: none; height: 13.1pt; mso-background-themecolor: accent3; mso-background-themetint: 63; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 32.2pt;" valign="top" width="43"></td> </tr>
<tr style="height: 13.1pt; mso-yfti-irow: 9; mso-yfti-lastrow: yes;"> <td nowrap="" style="background: white; border-bottom: solid windowtext 1.0pt; border-left: solid windowtext 1.0pt; border-right: solid #9BBB59 1.0pt; border-top: none; height: 13.1pt; mso-background-themecolor: background1; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid #9BBB59 1.0pt; mso-border-right-themecolor: accent3; mso-border-right-themecolor: accent3; padding: 0in 5.4pt 0in 5.4pt; width: 67.6pt;" valign="top" width="90"><div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-yfti-cnfc: 4; text-align: right;"><b><span style="color: black; font-family: Arial, sans-serif; font-size: 10pt;">P/BV:<o:p></o:p></span></b></div></td> <td nowrap="" style="background: white; border-bottom: solid windowtext 1.0pt; border: none; height: 13.1pt; mso-background-themecolor: background1; mso-border-bottom-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 33.8pt;" valign="top" width="45"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;"><span style="color: black; font-family: Arial, sans-serif; font-size: 10pt;">4.1 <o:p></o:p></span></div></td> <td nowrap="" style="background: white; border-bottom: solid windowtext 1.0pt; border: none; height: 13.1pt; mso-background-themecolor: background1; mso-border-bottom-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 32.2pt;" valign="top" width="43"></td> <td nowrap="" style="background: white; border-bottom: solid windowtext 1.0pt; border: none; height: 13.1pt; mso-background-themecolor: background1; mso-border-bottom-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: .6in;" valign="top" width="58"></td> <td nowrap="" style="border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 13.1pt; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 9.25pt;" valign="top" width="12"></td> <td nowrap="" style="background: white; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 13.1pt; mso-background-themecolor: background1; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 107.15pt;" valign="top" width="143"></td> <td nowrap="" style="background: white; border-bottom: solid windowtext 1.0pt; border: none; height: 13.1pt; mso-background-themecolor: background1; mso-border-bottom-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 54.3pt;" valign="top" width="72"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;"><span style="color: black; font-family: Arial, sans-serif; font-size: 10pt;">T20YM.COM<o:p></o:p></span></div></td> <td nowrap="" style="background: white; border-bottom: solid windowtext 1.0pt; border-left: none; border-right: solid windowtext 1.0pt; border-top: none; height: 13.1pt; mso-background-themecolor: background1; mso-border-bottom-alt: solid windowtext .5pt; mso-border-right-alt: solid windowtext .5pt; padding: 0in 5.4pt 0in 5.4pt; width: 32.2pt;" valign="top" width="43"></td> </tr>
</tbody></table><br />
<span class="Apple-style-span" style="color: white;">Read the full article at <a href="http://seekingalpha.com/article/248366-hasbro-s-fundamentals-more-than-meets-the-eye">Seeking Alpha</a></span>Craig Mackhttp://www.blogger.com/profile/16456650134107539686noreply@blogger.com1tag:blogger.com,1999:blog-1155549436476348480.post-2666219779470278912011-01-24T17:43:00.002-05:002011-02-05T10:13:58.755-05:00Option Mondays: Playing Momentum Names While Limiting Risk<div style="line-height: 15.0pt; margin-bottom: .0001pt; margin: 0in; vertical-align: baseline;"><span style="font-size: 10pt;">At my core, I am a long-term value investor. I work an 8-6 job, have a family, go to school at night and honestly don’t have time to be an active trader. I enjoy doing fundamental analysis, buying undervalued dividend paying stocks and investing for the future. Obviously, this limits the universe of stocks I invest in to a handful of companies. There is nothing exciting about investing in McDonald's (<a href="http://seekingalpha.com/symbol/mcd" style="border-color: initial; border-style: initial; font-style: inherit; font-weight: inherit; outline-color: initial; outline-style: initial; outline-width: 0px;" title="McDonald's Corp."><span style="border-bottom-color: windowtext; border-bottom-style: none; border-bottom-width: 1pt; border-left-color: windowtext; border-left-style: none; border-left-width: 1pt; border-right-color: windowtext; border-right-style: none; border-right-width: 1pt; border-top-color: windowtext; border-top-style: none; border-top-width: 1pt; padding-bottom: 0in; padding-left: 0in; padding-right: 0in; padding-top: 0in; text-decoration: none;">MCD</span></a>), Johnson & Johnson (<a href="http://seekingalpha.com/symbol/jnj" style="border-color: initial; border-style: initial; font-style: inherit; font-weight: inherit; outline-color: initial; outline-style: initial; outline-width: 0px;" title="Johnson & Johnson"><span style="border-bottom-color: windowtext; border-bottom-style: none; border-bottom-width: 1pt; border-left-color: windowtext; border-left-style: none; border-left-width: 1pt; border-right-color: windowtext; border-right-style: none; border-right-width: 1pt; border-top-color: windowtext; border-top-style: none; border-top-width: 1pt; padding-bottom: 0in; padding-left: 0in; padding-right: 0in; padding-top: 0in; text-decoration: none;">JNJ</span></a>), Coca-Cola (<a href="http://seekingalpha.com/symbol/ko" style="border-color: initial; border-style: initial; font-style: inherit; font-weight: inherit; outline-color: initial; outline-style: initial; outline-width: 0px;" title="Coca-Cola Co."><span style="border-bottom-color: windowtext; border-bottom-style: none; border-bottom-width: 1pt; border-left-color: windowtext; border-left-style: none; border-left-width: 1pt; border-right-color: windowtext; border-right-style: none; border-right-width: 1pt; border-top-color: windowtext; border-top-style: none; border-top-width: 1pt; padding-bottom: 0in; padding-left: 0in; padding-right: 0in; padding-top: 0in; text-decoration: none;">KO</span></a>) or Procter & Gamble (<a href="http://seekingalpha.com/symbol/pg" style="border-color: initial; border-style: initial; font-style: inherit; font-weight: inherit; outline-color: initial; outline-style: initial; outline-width: 0px;" title="Procter & Gamble Co."><span style="border-bottom-color: windowtext; border-bottom-style: none; border-bottom-width: 1pt; border-left-color: windowtext; border-left-style: none; border-left-width: 1pt; border-right-color: windowtext; border-right-style: none; border-right-width: 1pt; border-top-color: windowtext; border-top-style: none; border-top-width: 1pt; padding-bottom: 0in; padding-left: 0in; padding-right: 0in; padding-top: 0in; text-decoration: none;">PG</span></a>). There is no need to check your brokerage account every day -- or even every week, for that matter. One can sleep at night confident that one's money is safe. I’ll admit it’s boring, but it’s a dependable march towards financial freedom.<o:p></o:p></span></div><div style="line-height: 15.0pt; margin-bottom: .0001pt; margin: 0in; vertical-align: baseline;"><br />
</div><div style="border-color: initial; border-style: initial; font-style: inherit; font-weight: inherit; line-height: 15.0pt; margin-bottom: .0001pt; margin: 0in; outline-color: initial; outline-style: initial; outline-width: 0px; vertical-align: baseline;"><span style="font-size: 10pt;">As a (relatively) young<i> </i>investor, I have the luxury of taking risk. While the majority of my portfolio is dedicated to broad-range ETFs and long-term stable dividend growth stocks, there is always a little slice of capital allocated at chasing the momentum companies. You know the ones I’m talking about: Netflix (<a href="http://seekingalpha.com/symbol/nflx" style="border-color: initial; border-style: initial; font-style: inherit; font-weight: inherit; outline-color: initial; outline-style: initial; outline-width: 0px;" title="Netflix, Inc."><span style="border-bottom-color: windowtext; border-bottom-style: none; border-bottom-width: 1pt; border-left-color: windowtext; border-left-style: none; border-left-width: 1pt; border-right-color: windowtext; border-right-style: none; border-right-width: 1pt; border-top-color: windowtext; border-top-style: none; border-top-width: 1pt; padding-bottom: 0in; padding-left: 0in; padding-right: 0in; padding-top: 0in; text-decoration: none;">NFLX</span></a>), NetApp (<a href="http://seekingalpha.com/symbol/ntap" style="border-color: initial; border-style: initial; font-style: inherit; font-weight: inherit; outline-color: initial; outline-style: initial; outline-width: 0px;" title="NetApp Inc."><span style="border-bottom-color: windowtext; border-bottom-style: none; border-bottom-width: 1pt; border-left-color: windowtext; border-left-style: none; border-left-width: 1pt; border-right-color: windowtext; border-right-style: none; border-right-width: 1pt; border-top-color: windowtext; border-top-style: none; border-top-width: 1pt; padding-bottom: 0in; padding-left: 0in; padding-right: 0in; padding-top: 0in; text-decoration: none;">NTAP</span></a>), Apple (<a href="http://seekingalpha.com/symbol/aapl" style="border-color: initial; border-style: initial; font-style: inherit; font-weight: inherit; outline-color: initial; outline-style: initial; outline-width: 0px;" title="Apple Inc."><span style="border-bottom-color: windowtext; border-bottom-style: none; border-bottom-width: 1pt; border-left-color: windowtext; border-left-style: none; border-left-width: 1pt; border-right-color: windowtext; border-right-style: none; border-right-width: 1pt; border-top-color: windowtext; border-top-style: none; border-top-width: 1pt; padding-bottom: 0in; padding-left: 0in; padding-right: 0in; padding-top: 0in; text-decoration: none;">AAPL</span></a>), Chipotle (<a href="http://seekingalpha.com/symbol/cmg" style="border-color: initial; border-style: initial; font-style: inherit; font-weight: inherit; outline-color: initial; outline-style: initial; outline-width: 0px;" title="Chipotle Mexican Grill, Inc."><span style="border-bottom-color: windowtext; border-bottom-style: none; border-bottom-width: 1pt; border-left-color: windowtext; border-left-style: none; border-left-width: 1pt; border-right-color: windowtext; border-right-style: none; border-right-width: 1pt; border-top-color: windowtext; border-top-style: none; border-top-width: 1pt; padding-bottom: 0in; padding-left: 0in; padding-right: 0in; padding-top: 0in; text-decoration: none;">CMG</span></a>), Baidu.com (<a href="http://seekingalpha.com/symbol/bidu" style="border-color: initial; border-style: initial; font-style: inherit; font-weight: inherit; outline-color: initial; outline-style: initial; outline-width: 0px;" title="Baidu.com, Inc."><span style="border-bottom-color: windowtext; border-bottom-style: none; border-bottom-width: 1pt; border-left-color: windowtext; border-left-style: none; border-left-width: 1pt; border-right-color: windowtext; border-right-style: none; border-right-width: 1pt; border-top-color: windowtext; border-top-style: none; border-top-width: 1pt; padding-bottom: 0in; padding-left: 0in; padding-right: 0in; padding-top: 0in; text-decoration: none;">BIDU</span></a>), Amazon (<a href="http://seekingalpha.com/symbol/amzn" style="border-color: initial; border-style: initial; font-style: inherit; font-weight: inherit; outline-color: initial; outline-style: initial; outline-width: 0px;" title="Amazon.com Inc."><span style="border-bottom-color: windowtext; border-bottom-style: none; border-bottom-width: 1pt; border-left-color: windowtext; border-left-style: none; border-left-width: 1pt; border-right-color: windowtext; border-right-style: none; border-right-width: 1pt; border-top-color: windowtext; border-top-style: none; border-top-width: 1pt; padding-bottom: 0in; padding-left: 0in; padding-right: 0in; padding-top: 0in; text-decoration: none;">AMZN</span></a>) and the like. These are the "castle in the sky" companies, the ones that jump 10 to 20 points depending on the mood of the market, where investors buy high and hope to sell higher.<o:p></o:p></span></div><div style="line-height: 15.0pt; margin-bottom: .0001pt; margin: 0in; vertical-align: baseline;"><br />
</div><div style="border-color: initial; border-style: initial; font-style: inherit; font-weight: inherit; line-height: 15.0pt; margin-bottom: .0001pt; margin: 0in; outline-color: initial; outline-style: initial; outline-width: 0px; vertical-align: baseline;"><span style="font-size: 10pt;">Read the rest of the article at <a href="http://seekingalpha.com/article/248275-option-mondays-playing-momentum-names-while-limiting-risk">Seeking Alpha</a></span></div>Craig Mackhttp://www.blogger.com/profile/16456650134107539686noreply@blogger.com1tag:blogger.com,1999:blog-1155549436476348480.post-56880342214344307302011-01-19T11:13:00.001-05:002011-02-05T10:15:27.949-05:00McDonald's: A Fairly Valued Dividend Champion<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhd_fGgfKm584QAJP1dM67ZjaDKIIk_nAzkAEnZ3_SA3wPOgZLeFmAAyrdLw4GfHRo1xuuAVCgARCbeVVBGhEDE7AlG6ZdYWNQNWfMGsYZkA2JSKGmra1cpwXk4aagYUalE4sv1wewH798/s1600/bigmac.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" height="135" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhd_fGgfKm584QAJP1dM67ZjaDKIIk_nAzkAEnZ3_SA3wPOgZLeFmAAyrdLw4GfHRo1xuuAVCgARCbeVVBGhEDE7AlG6ZdYWNQNWfMGsYZkA2JSKGmra1cpwXk4aagYUalE4sv1wewH798/s200/bigmac.jpg" width="200" /></a></div><div class="MsoNormal" style="text-align: justify;">Like any disciplined long term investor I have a ‘wish list’ of stocks that I purchase on pullbacks. For me, McDonalds has always been one of those companies. Not only is the food cheap and delicious, the stock is fairly valued and yielding a substantial dividend. Plus I’m an American. It’s engrained in our DNA to eat Big Macs. </div><div class="MsoNormal" style="text-align: justify;"><br />
</div><div class="MsoNormal" style="text-align: justify;">Whether you like it or not, McDonald’s hamburgers are as American as apple pie (which coincidentally you can get from its dollar menu). I know there are headwinds to the company, the health risks, rising input costs, market saturation, bad publicity, etc. Heck, even I saw Super Size Me. I’ll admit that guy put on a <i style="mso-bidi-font-style: normal;">little</i> weight, but he looked healthy enough… in that 17<sup>th</sup> century European Royalty sort of way. </div><div class="MsoNormal" style="text-align: justify;"><br />
</div><div class="MsoNormal" style="text-align: justify;">Hey, any press is good press. But no matter how you feel about the golden arches, McDonalds possesses one of the strongest brand equities of any company worldwide and will continue to expand its empire into emerging markets. </div><div class="MsoNormal" style="text-align: justify;"><br />
</div><div class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;">What it does:<o:p></o:p></b></div><div class="MsoNormal" style="text-align: justify;">Just in case you live in a cave, McDonald’s sells cheeseburgers, chicken products, French fries, breakfast items, soft drinks, shakes, coffee and desserts. It also derives a considerable amount of revenue from the rent of its properties to franchisers. But mostly, it provides double cheeseburgers for my family on road trips. <b style="mso-bidi-font-weight: normal;"><o:p></o:p></b></div><div class="MsoNormal" style="text-align: justify;"><br />
</div><div class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;">The Fundamentals: <o:p></o:p></b></div><div class="MsoNormal" style="text-align: justify;"><b style="mso-bidi-font-weight: normal;"><br />
</b></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiK2J9LeH2QHSSXWAkHe9K2gKCIDw8Dui1LnQJgaSXnY5JmMZ0oFdSM8lkDZJJEyyz5oEsV-mpx5SWCo9opDu8y6jNZ_aHGReoRhmNcezu5k_ZNnPNIdFZKpt9EEcqD5MPgloi7ivCdVXc/s1600/MCD+stats.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="140" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiK2J9LeH2QHSSXWAkHe9K2gKCIDw8Dui1LnQJgaSXnY5JmMZ0oFdSM8lkDZJJEyyz5oEsV-mpx5SWCo9opDu8y6jNZ_aHGReoRhmNcezu5k_ZNnPNIdFZKpt9EEcqD5MPgloi7ivCdVXc/s400/MCD+stats.jpg" width="400" /></a></div><div class="MsoNormal" style="text-align: justify;"><b><br />
</b></div><div class="MsoNormal" style="text-align: justify;">Fundamentally, MCD is a sound stable investment. It has provided its share holders with an impressive 21% Return on Equity over the last 7 years, and a ROE of 18% for the past 15....</div><div class="MsoNormal" style="text-align: justify;"><br />
</div><div class="MsoNormal" style="text-align: justify;">Read the rest of the article at Seeking Alpha (<a href="http://seekingalpha.com/article/247284-mcdonald-s-a-fairly-valued-dividend-champion">HERE</a>)</div>Craig Mackhttp://www.blogger.com/profile/16456650134107539686noreply@blogger.com3tag:blogger.com,1999:blog-1155549436476348480.post-82016606787058430822011-01-18T12:31:00.002-05:002011-01-18T13:03:24.853-05:00Option Monday: Buy when there is blood in the streetsI am up huge on AAPL today. Like I stated in last weeks article, I sold 75% of my Options on Friday for well over 100% gain. This morning on the gap down I Dollar Cost Averaged back into my Jan 335 and halved my cost basis. Additionally, I purchased 10 Feb 330 at around 227.<br />
<br />
AAPL was off 6% on the day, and I am up $6000.<br />
<br />
Buy when theres blood in the streets!<br />
<br />
<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiB4Ky5m1MxM232zW5JSe0EWUwQYR2rKjs3eX9yvR5wWOSqKhUq_y5f2i4hQ6zC5tmmCwivG92Orlb430uWAoIAUTSYOF1PdFO5hkXCxZxXjHFr3l_xhqJiwftpcReCQymYbsUXodM_4sQ/s1600/blood-in-the-street.gif" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="214" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiB4Ky5m1MxM232zW5JSe0EWUwQYR2rKjs3eX9yvR5wWOSqKhUq_y5f2i4hQ6zC5tmmCwivG92Orlb430uWAoIAUTSYOF1PdFO5hkXCxZxXjHFr3l_xhqJiwftpcReCQymYbsUXodM_4sQ/s320/blood-in-the-street.gif" width="320" /></a></div><br />
<br />
<br />
I am still only holding 5 of the Feb 330 Call into earnings. <br />
<br />
Best of luck,<br />
<br />
CCraig Mackhttp://www.blogger.com/profile/16456650134107539686noreply@blogger.com2tag:blogger.com,1999:blog-1155549436476348480.post-4515067359096290302011-01-11T13:41:00.002-05:002011-01-11T13:41:43.950-05:00AAPL: Don't get shaken out just some profit taking.<span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;">11-Jan-11 Wells Fargo raised its FY11 EPS estimate to 19.33 from 18.24, and raised its FY12 EPS estimate to 22.89 from 22.42. Maintains an outperform rating on the stock.</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;"><br />
</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;">11-Jan-11 Jefferies raises Apple target from $365 to $450.</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;"><br />
</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;">05-Jan-11 Wedbush Securities stats Apple at outperform and $405 target.</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;"><br />
</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;">04-Jan-11 added to short term buy list with $410 target at Deutsche Bank.</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;"><br />
</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;">03-Jan-11 International Strategy and Investment Group raises target to $400</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;"><br />
</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;">03-Jan-11 Oppenheimer raises target to $385</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;"><br />
</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;">17-Dec-10 Trefis revises target from $400 to $418.</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;"><br />
</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;">17-Dec-10 Gabelli initiates coverage at Buy with $450 target.</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;"><br />
</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;">16-Dec-10 JP Morgan Chase raises price target to $420.</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;"><br />
</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;">16-Dec-10 Kaufman Bros. raises price target to $395.</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;"><br />
</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;">15-Dec-10 Piper Jaffray raises price target to $438.</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;"><br />
</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;">14-Dec-10 BMO Capital raises price target from $330 to $355.</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;"><br />
</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;">14-Dec-10 Morgan Stanley removes Apple from "Best Ideas" list, but maintained overweight rating and "Top Pick".</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;"><br />
</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;">13-Dec-10 Goldman Sachs ups target price to $430.</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;"><br />
</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;">10-Dec-10 Beyond Trading downgrades Apple from Strong Buy to Buy - not sure if BT is legitimate source??</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;"><br />
</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;">09-Dec-10 BofA Merrill rates as buy raises to $420</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;"><br />
</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;">08-Dec-10 Barclays Capital Analyst Ben Reitzes: Mac unit sales will surge 16% for the quarter ending in December, compared to the same period a year-ago</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;"><br />
</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;">08-Dec-10 Stifel Nicolaus upgrade $390</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;"><br />
</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;">04-Dec-10 Ebeling Heffernan Upgrade $400</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;"><br />
</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;">03-Dec-10 Caris & Co. Upgrade $400</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;"><br />
</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;">11-Nov-10 Trefis Upgrade $400 / $500</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;"><br />
</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;">04-Nov-10 Robert W. Baird Initiated Outperform $410</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;"><br />
</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;">03-Nov-10 Morgan Stanley "bull scenario" August 2011 target = $500</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;"><br />
</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;">19-Oct-10 Argus Reiterated Buy $375</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;"><br />
</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;">19-Oct-10 UBS Reiterate Buy $365</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;"><br />
</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;">19-Oct-10 Canaccord Genuity Reiterated Buy $421</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;"><br />
</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;">19-Oct-10 ISI Group Reiterated Buy $370</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;"><br />
</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;">19-Oct-10 Kaufman Bros Reiterated Buy $380</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;"><br />
</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;">15-Oct-10 Hudson Square Upgrade $500</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;"><br />
</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;">12-Oct-10 Barclays Capital Reiterated Overweight $385</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;"><br />
</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;">08-Oct-10 Oppenheimer Reiterated Outperform $345</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;"><br />
</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;">05-Oct-10 Jefferies Initiated Buy $365</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;"><br />
</span><span class="Apple-style-span" style="-webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px; border-collapse: collapse; font-family: georgia, 'times new roman', times; font-size: x-small;">04-Oct-10 Ticonderoga Initiated Buy $430</span>Craig Mackhttp://www.blogger.com/profile/16456650134107539686noreply@blogger.com1tag:blogger.com,1999:blog-1155549436476348480.post-22232753661943296702011-01-09T22:45:00.001-05:002011-01-10T08:02:47.508-05:00Options Monday: Back in the AAPL again<div class="MsoNormal" style="text-align: justify;">Well, last week’s <a href="http://20ym.blogspot.com/2011/01/option-mondays-gm-and-aapl.html">Option Monday</a> is going to be a tough one to beat. GM was a ten bagger and the AAPL 310’s were up over 60%. I took profit in GM on Thursday as $39 is my short term price target for the stock. I sold half of the <span class="Apple-style-span" style="color: lime;"><b>10</b> <span class="apple-style-span"><b>AAPL</b></span><span class="apple-converted-space"><b> </b></span><span class="apple-style-span"><b>JAN 22-11 $310.00 CALL</b></span></span><b><span class="Apple-style-span" style="color: lime;">S</span> </b>and rolled the proceeds into<span class="Apple-style-span" style="color: lime;"> <b>5 AAPL</b></span><span class="Apple-style-span" style="color: lime;"><span class="apple-converted-space"><b> </b></span><span class="apple-style-span"><b>JAN 22-11 $330.00 CALL</b></span></span><b><span class="Apple-style-span" style="color: lime;">S</span> </b>at $11.05 per. I wanted to lock in some gains from the AAPL trade while maintaining my bullish position. This week will be more of the same as I play AAPL’s upside into earnings. <o:p></o:p></div><div class="MsoNormal" style="text-align: justify;"><br />
</div><div class="MsoNormal" style="text-align: justify;"><span class="apple-style-span">When an investment looks too good to be true, it usually is. After all, there’s always cheddar in a mouse trap. For this reason it is prudent to look at every investment with a healthy dose of skepticism. In trading, for someone to make money, someone must lose money. There is no free lunch.<o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><span class="apple-style-span"><br />
</span></div><div class="MsoNormal" style="text-align: justify;"><span class="apple-style-span">But most of the time investors overcomplicate things. They don’t see the forest for the trees. <o:p></o:p></span><br />
<span class="apple-style-span"><br />
</span></div><div class="MsoNormal" style="text-align: justify;"><span class="apple-style-span">I believe this is the reason AAPL is severely undervalued by the market. People look at the share price ($336) and immediately get worried. How can a company that makes MP3 players, Phones and over priced computers be the second largest company in America? What happens when the trend inevitably fades? Quite simply, who cares? <o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><span class="apple-style-span"><br />
</span></div><div class="MsoNormal" style="text-align: justify;"><span class="apple-style-span">I don’t care if AAPL is making touchpad Shake Weights 10 years from now. All I know is it has momentum and the fundamentals that make it as excellent short term option play. <o:p></o:p></span></div><div class="MsoNormal" style="text-align: justify;"><span class="apple-style-span"><br />
</span></div><div class="MsoNormal" style="text-align: justify;"><span class="apple-style-span"><b>Forward Cash Adjusted Price to Earnings: <span class="Apple-style-span" style="color: lime;">13.43</span><o:p></o:p></b></span></div><div class="MsoNormal" style="text-align: justify;"><span class="apple-style-span"><b><br />
</b></span></div><div class="MsoNormal" style="text-align: justify;"><span class="apple-style-span"><b><span class="Apple-style-span" style="font-weight: normal;"><b> Forward PEG Ratio: <span class="Apple-style-span" style="color: lime;">.77</span></b></span></b></span></div><div class="MsoNormal" style="text-align: justify;"><span class="apple-style-span"><b><span class="Apple-style-span" style="font-weight: normal;"><b><br />
</b></span></b></span></div><div class="MsoNormal" style="text-align: justify;"><b></b></div><table border="1" cellpadding="0" cellspacing="0" class="MsoTableMediumShading1Accent3" style="border-bottom-style: none; border-collapse: collapse; border-color: initial; border-left-style: none; border-right-style: none; border-top-style: none; border-width: initial; width: 249px;"><tbody>
<tr style="height: 19.25pt; mso-yfti-firstrow: yes; mso-yfti-irow: -1;"> <td style="background: #9BBB59; border-right: none; border: solid #B3CC82 1.0pt; height: 19.25pt; mso-background-themecolor: accent3; mso-border-themecolor: accent3; mso-border-themetint: 191; padding: 0in 5.4pt 0in 5.4pt; width: 139.0pt;" valign="top" width="185"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-yfti-cnfc: 5;"><b><span style="color: black; font-family: Arial, sans-serif; font-size: 9pt;">Price Target Summary<o:p></o:p></span></b></div></td> <td nowrap="" style="background: #9BBB59; border-left: none; border: solid #B3CC82 1.0pt; height: 19.25pt; mso-background-themecolor: accent3; mso-border-themecolor: accent3; mso-border-themetint: 191; padding: 0in 5.4pt 0in 5.4pt; width: 48.0pt;" valign="top" width="64"></td> </tr>
<tr style="height: 24.0pt; mso-yfti-irow: 0;"> <td style="background: #E6EED5; border-bottom: solid #B3CC82 1.0pt; border-left: solid #B3CC82 1.0pt; border-right: none; border-top: none; height: 24.0pt; mso-background-themecolor: accent3; mso-background-themetint: 63; mso-border-bottom-themecolor: accent3; mso-border-bottom-themetint: 191; mso-border-left-themecolor: accent3; mso-border-left-themetint: 191; mso-border-top-alt: solid #B3CC82 1.0pt; mso-border-top-themecolor: accent3; mso-border-top-themetint: 191; padding: 0in 5.4pt 0in 5.4pt; width: 139.0pt;" valign="top" width="185"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-yfti-cnfc: 68;"><b><span style="color: black; font-family: Arial, sans-serif; font-size: 9pt;">Mean Target:<o:p></o:p></span></b></div></td> <td style="background: #E6EED5; border-bottom: solid #B3CC82 1.0pt; border-left: none; border-right: solid #B3CC82 1.0pt; border-top: none; height: 24.0pt; mso-background-themecolor: accent3; mso-background-themetint: 63; mso-border-bottom-themecolor: accent3; mso-border-bottom-themetint: 191; mso-border-right-themecolor: accent3; mso-border-right-themetint: 191; mso-border-top-alt: solid #B3CC82 1.0pt; mso-border-top-themecolor: accent3; mso-border-top-themetint: 191; padding: 0in 5.4pt 0in 5.4pt; width: 48.0pt;" valign="top" width="64"><div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-yfti-cnfc: 64; text-align: right;"><span style="color: black; font-family: Arial, sans-serif; font-size: 9pt;">374.61<o:p></o:p></span></div></td> </tr>
<tr style="height: 24.0pt; mso-yfti-irow: 1;"> <td style="background: white; border-bottom: solid #B3CC82 1.0pt; border-left: solid #B3CC82 1.0pt; border-right: none; border-top: none; height: 24.0pt; mso-background-themecolor: background1; mso-border-bottom-themecolor: accent3; mso-border-bottom-themetint: 191; mso-border-left-themecolor: accent3; mso-border-left-themetint: 191; mso-border-top-alt: solid #B3CC82 1.0pt; mso-border-top-themecolor: accent3; mso-border-top-themetint: 191; padding: 0in 5.4pt 0in 5.4pt; width: 139.0pt;" valign="top" width="185"><div class="MsoNormal" style="line-height: 14.65pt; margin-bottom: .0001pt; margin-bottom: 0in; mso-yfti-cnfc: 132;"><b><span style="color: black; font-family: Arial, sans-serif; font-size: 9pt;">Median Target:<o:p></o:p></span></b></div></td> <td style="background: white; border-bottom: solid #B3CC82 1.0pt; border-left: none; border-right: solid #B3CC82 1.0pt; border-top: none; height: 24.0pt; mso-background-themecolor: background1; mso-border-bottom-themecolor: accent3; mso-border-bottom-themetint: 191; mso-border-right-themecolor: accent3; mso-border-right-themetint: 191; mso-border-top-alt: solid #B3CC82 1.0pt; mso-border-top-themecolor: accent3; mso-border-top-themetint: 191; padding: 0in 5.4pt 0in 5.4pt; width: 48.0pt;" valign="top" width="64"><div align="right" class="MsoNormal" style="line-height: 14.65pt; margin-bottom: .0001pt; margin-bottom: 0in; mso-yfti-cnfc: 128; text-align: right;"><span style="color: black; font-family: Arial, sans-serif; font-size: 9pt;">375<o:p></o:p></span></div></td> </tr>
<tr style="height: 24.0pt; mso-yfti-irow: 2;"> <td style="background: #E6EED5; border-bottom: solid #B3CC82 1.0pt; border-left: solid #B3CC82 1.0pt; border-right: none; border-top: none; height: 24.0pt; mso-background-themecolor: accent3; mso-background-themetint: 63; mso-border-bottom-themecolor: accent3; mso-border-bottom-themetint: 191; mso-border-left-themecolor: accent3; mso-border-left-themetint: 191; mso-border-top-alt: solid #B3CC82 1.0pt; mso-border-top-themecolor: accent3; mso-border-top-themetint: 191; padding: 0in 5.4pt 0in 5.4pt; width: 139.0pt;" valign="top" width="185"><div class="MsoNormal" style="line-height: 14.65pt; margin-bottom: .0001pt; margin-bottom: 0in; mso-yfti-cnfc: 68;"><b><span style="color: black; font-family: Arial, sans-serif; font-size: 9pt;">High Target:<o:p></o:p></span></b></div></td> <td style="background: #E6EED5; border-bottom: solid #B3CC82 1.0pt; border-left: none; border-right: solid #B3CC82 1.0pt; border-top: none; height: 24.0pt; mso-background-themecolor: accent3; mso-background-themetint: 63; mso-border-bottom-themecolor: accent3; mso-border-bottom-themetint: 191; mso-border-right-themecolor: accent3; mso-border-right-themetint: 191; mso-border-top-alt: solid #B3CC82 1.0pt; mso-border-top-themecolor: accent3; mso-border-top-themetint: 191; padding: 0in 5.4pt 0in 5.4pt; width: 48.0pt;" valign="top" width="64"><div align="right" class="MsoNormal" style="line-height: 14.65pt; margin-bottom: .0001pt; margin-bottom: 0in; mso-yfti-cnfc: 64; text-align: right;"><span style="color: black; font-family: Arial, sans-serif; font-size: 9pt;">500<o:p></o:p></span></div></td> </tr>
<tr style="height: 24.0pt; mso-yfti-irow: 3; mso-yfti-lastrow: yes;"> <td style="background: white; border-bottom: solid #B3CC82 1.0pt; border-left: solid #B3CC82 1.0pt; border-right: none; border-top: none; height: 24.0pt; mso-background-themecolor: background1; mso-border-bottom-themecolor: accent3; mso-border-bottom-themetint: 191; mso-border-left-themecolor: accent3; mso-border-left-themetint: 191; mso-border-top-alt: solid #B3CC82 1.0pt; mso-border-top-themecolor: accent3; mso-border-top-themetint: 191; padding: 0in 5.4pt 0in 5.4pt; width: 139.0pt;" valign="top" width="185"><div class="MsoNormal" style="line-height: 14.65pt; margin-bottom: .0001pt; margin-bottom: 0in; mso-yfti-cnfc: 132;"><b><span style="color: black; font-family: Arial, sans-serif; font-size: 9pt;">Low Target:<o:p></o:p></span></b></div></td> <td style="background: white; border-bottom: solid #B3CC82 1.0pt; border-left: none; border-right: solid #B3CC82 1.0pt; border-top: none; height: 24.0pt; mso-background-themecolor: background1; mso-border-bottom-themecolor: accent3; mso-border-bottom-themetint: 191; mso-border-right-themecolor: accent3; mso-border-right-themetint: 191; mso-border-top-alt: solid #B3CC82 1.0pt; mso-border-top-themecolor: accent3; mso-border-top-themetint: 191; padding: 0in 5.4pt 0in 5.4pt; width: 48.0pt;" valign="top" width="64"><div align="right" class="MsoNormal" style="line-height: 14.65pt; margin-bottom: .0001pt; margin-bottom: 0in; mso-yfti-cnfc: 128; text-align: right;"><span style="color: black; font-family: Arial, sans-serif; font-size: 9pt;">165<o:p></o:p></span></div></td> </tr>
</tbody></table><br />
<div class="MsoNormal" style="text-align: justify;"><br />
</div><div class="MsoNormal" style="text-align: justify;"><o:p></o:p></div><div class="MsoNormal" style="text-align: justify;"><br />
</div><table border="1" cellpadding="0" cellspacing="0" class="MsoTableMediumShading1Accent3" style="border-bottom-style: none; border-collapse: collapse; border-color: initial; border-left-style: none; border-right-style: none; border-top-style: none; border-width: initial; width: 475px;"><tbody>
<tr style="height: 15.0pt; mso-yfti-firstrow: yes; mso-yfti-irow: -1;"> <td style="background: #9BBB59; border-right: none; border: solid #B3CC82 1.0pt; height: 15.0pt; mso-background-themecolor: accent3; mso-border-themecolor: accent3; mso-border-themetint: 191; padding: 0in 5.4pt 0in 5.4pt; width: 212.0pt;" valign="top" width="283"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-yfti-cnfc: 5;"><a href="http://www.blogger.com/post-edit.g?blogID=1155549436476348480&postID=2223275366194329670" name="RANGE!B8"><b><span style="color: black; font-family: Arial, sans-serif; font-size: 10pt;">Growth Rates</span></b></a><b><span style="color: black; font-family: Arial, sans-serif; font-size: 10pt;"><o:p></o:p></span></b></div></td> <td style="background: #9BBB59; border-bottom: solid #B3CC82 1.0pt; border-left: none; border-right: none; border-top: solid #B3CC82 1.0pt; height: 15.0pt; mso-background-themecolor: accent3; mso-border-bottom-themecolor: accent3; mso-border-bottom-themetint: 191; mso-border-top-themecolor: accent3; mso-border-top-themetint: 191; padding: 0in 5.4pt 0in 5.4pt; width: 48.0pt;" valign="top" width="64"><div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-yfti-cnfc: 1; text-align: right;"><b><span style="color: black; font-family: Arial, sans-serif; font-size: 10pt;">1 Year<o:p></o:p></span></b></div></td> <td style="background: #9BBB59; border-bottom: solid #B3CC82 1.0pt; border-left: none; border-right: none; border-top: solid #B3CC82 1.0pt; height: 15.0pt; mso-background-themecolor: accent3; mso-border-bottom-themecolor: accent3; mso-border-bottom-themetint: 191; mso-border-top-themecolor: accent3; mso-border-top-themetint: 191; padding: 0in 5.4pt 0in 5.4pt; width: 48.0pt;" valign="top" width="64"><div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-yfti-cnfc: 1; text-align: right;"><b><span style="color: black; font-family: Arial, sans-serif; font-size: 10pt;">3 Year<o:p></o:p></span></b></div></td> <td style="background: #9BBB59; border-left: none; border: solid #B3CC82 1.0pt; height: 15.0pt; mso-background-themecolor: accent3; mso-border-themecolor: accent3; mso-border-themetint: 191; padding: 0in 5.4pt 0in 5.4pt; width: 48.0pt;" valign="top" width="64"><div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-yfti-cnfc: 1; text-align: right;"><b><span style="color: black; font-family: Arial, sans-serif; font-size: 10pt;">5 Year<o:p></o:p></span></b></div></td> </tr>
<tr style="height: 30.0pt; mso-yfti-irow: 0;"> <td style="background: #E6EED5; border-bottom: solid #B3CC82 1.0pt; border-left: solid #B3CC82 1.0pt; border-right: none; border-top: none; height: 30.0pt; mso-background-themecolor: accent3; mso-background-themetint: 63; mso-border-bottom-themecolor: accent3; mso-border-bottom-themetint: 191; mso-border-left-themecolor: accent3; mso-border-left-themetint: 191; mso-border-top-alt: solid #B3CC82 1.0pt; mso-border-top-themecolor: accent3; mso-border-top-themetint: 191; padding: 0in 5.4pt 0in 5.4pt; width: 212.0pt;" valign="top" width="283"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-yfti-cnfc: 68;"><b><u><span style="color: blue;"><a href="http://clearstation.etrade.com/doc/glossary.shtml#GrowthinSales"><span style="color: blue;">Revenue Growth Rate Annualized (%)</span></a><o:p></o:p></span></u></b></div></td> <td style="background: #E6EED5; border-bottom: solid #B3CC82 1.0pt; border: none; height: 30.0pt; mso-background-themecolor: accent3; mso-background-themetint: 63; mso-border-bottom-themecolor: accent3; mso-border-bottom-themetint: 191; mso-border-top-alt: solid #B3CC82 1.0pt; mso-border-top-themecolor: accent3; mso-border-top-themetint: 191; padding: 0in 5.4pt 0in 5.4pt; width: 48.0pt;" valign="top" width="64"><div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-yfti-cnfc: 64; text-align: right;"><span style="color: black; font-family: Arial, sans-serif; font-size: 10pt;">52.02<o:p></o:p></span></div></td> <td style="background: #E6EED5; border-bottom: solid #B3CC82 1.0pt; border: none; height: 30.0pt; mso-background-themecolor: accent3; mso-background-themetint: 63; mso-border-bottom-themecolor: accent3; mso-border-bottom-themetint: 191; mso-border-top-alt: solid #B3CC82 1.0pt; mso-border-top-themecolor: accent3; mso-border-top-themetint: 191; padding: 0in 5.4pt 0in 5.4pt; width: 48.0pt;" valign="top" width="64"><div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-yfti-cnfc: 64; text-align: right;"><span style="color: black; font-family: Arial, sans-serif; font-size: 10pt;">38.45<o:p></o:p></span></div></td> <td style="background: #E6EED5; border-bottom: solid #B3CC82 1.0pt; border-left: none; border-right: solid #B3CC82 1.0pt; border-top: none; height: 30.0pt; mso-background-themecolor: accent3; mso-background-themetint: 63; mso-border-bottom-themecolor: accent3; mso-border-bottom-themetint: 191; mso-border-right-themecolor: accent3; mso-border-right-themetint: 191; mso-border-top-alt: solid #B3CC82 1.0pt; mso-border-top-themecolor: accent3; mso-border-top-themetint: 191; padding: 0in 5.4pt 0in 5.4pt; width: 48.0pt;" valign="top" width="64"><div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-yfti-cnfc: 64; text-align: right;"><span style="color: black; font-family: Arial, sans-serif; font-size: 10pt;">36.17<o:p></o:p></span></div></td> </tr>
<tr style="height: 23.75pt; mso-yfti-irow: 1; mso-yfti-lastrow: yes;"> <td style="background: white; border-bottom: solid #B3CC82 1.0pt; border-left: solid #B3CC82 1.0pt; border-right: none; border-top: none; height: 23.75pt; mso-background-themecolor: background1; mso-border-bottom-themecolor: accent3; mso-border-bottom-themetint: 191; mso-border-left-themecolor: accent3; mso-border-left-themetint: 191; mso-border-top-alt: solid #B3CC82 1.0pt; mso-border-top-themecolor: accent3; mso-border-top-themetint: 191; padding: 0in 5.4pt 0in 5.4pt; width: 212.0pt;" valign="top" width="283"><div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-yfti-cnfc: 132;"><b><u><span style="color: blue;"><a href="http://clearstation.etrade.com/doc/glossary.shtml#GrowthinEPS"><span style="color: blue;">EPS Growth Rate Annualized (%)</span></a><o:p></o:p></span></u></b></div></td> <td style="background: white; border-bottom: solid #B3CC82 1.0pt; border: none; height: 23.75pt; mso-background-themecolor: background1; mso-border-bottom-themecolor: accent3; mso-border-bottom-themetint: 191; mso-border-top-alt: solid #B3CC82 1.0pt; mso-border-top-themecolor: accent3; mso-border-top-themetint: 191; padding: 0in 5.4pt 0in 5.4pt; width: 48.0pt;" valign="top" width="64"><div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-yfti-cnfc: 128; text-align: right;"><span style="color: black; font-family: Arial, sans-serif; font-size: 10pt;">66.91<o:p></o:p></span></div></td> <td style="background: white; border-bottom: solid #B3CC82 1.0pt; border: none; height: 23.75pt; mso-background-themecolor: background1; mso-border-bottom-themecolor: accent3; mso-border-bottom-themetint: 191; mso-border-top-alt: solid #B3CC82 1.0pt; mso-border-top-themecolor: accent3; mso-border-top-themetint: 191; padding: 0in 5.4pt 0in 5.4pt; width: 48.0pt;" valign="top" width="64"><div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-yfti-cnfc: 128; text-align: right;"><span style="color: black; font-family: Arial, sans-serif; font-size: 10pt;">56.81<o:p></o:p></span></div></td> <td style="background: white; border-bottom: solid #B3CC82 1.0pt; border-left: none; border-right: solid #B3CC82 1.0pt; border-top: none; height: 23.75pt; mso-background-themecolor: background1; mso-border-bottom-themecolor: accent3; mso-border-bottom-themetint: 191; mso-border-right-themecolor: accent3; mso-border-right-themetint: 191; mso-border-top-alt: solid #B3CC82 1.0pt; mso-border-top-themecolor: accent3; mso-border-top-themetint: 191; padding: 0in 5.4pt 0in 5.4pt; width: 48.0pt;" valign="top" width="64"><div align="right" class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in; mso-yfti-cnfc: 128; text-align: right;"><span style="color: black; font-family: Arial, sans-serif; font-size: 10pt;">57.7<o:p></o:p></span></div></td> </tr>
</tbody></table><div class="MsoNormal" style="text-align: justify;"><br />
</div><br />
<div class="MsoNormal" style="text-align: justify;">These numbers are simply ridiculous for a company of AAPL’s size. Applying an average market multiple to one of the greatest growth stocks in the world is downright cowardly. Cowards don’t make money, they use bank accounts. <o:p></o:p></div><div class="MsoNormal" style="text-align: justify;"><br />
</div><div class="MsoNormal" style="text-align: justify;">Even the chart is telling you to buy: <o:p></o:p></div><div class="MsoNormal" style="text-align: justify;"><br />
</div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEghyphenhyphen-cPPUKgNYd33zyBsmGy8Iz_1cyKarQ20CvDeLg_myG84Lboqenu05GW5qIjmNKkPCe6kRld7osvsXYeE7QLRadm-juEuYhegCMEKHRB6C2hp9CfR6XYc6PsRRSqnoP3jxB5RvuvfeI/s1600/sc.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="301" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEghyphenhyphen-cPPUKgNYd33zyBsmGy8Iz_1cyKarQ20CvDeLg_myG84Lboqenu05GW5qIjmNKkPCe6kRld7osvsXYeE7QLRadm-juEuYhegCMEKHRB6C2hp9CfR6XYc6PsRRSqnoP3jxB5RvuvfeI/s400/sc.png" width="400" /></a></div><div class="MsoNormal" style="text-align: justify;"><br />
</div><div class="MsoNormal" style="text-align: justify;">The current run up into earnings has happened the last three quarters. The Verizon catalyst is simply fuel to the fire. The 20YM plans on AGGRESIVELY attacking upside AAPL Jan and Feb calls starting this week. I will sell at least 75% prior to earnings on the 18<sup>th</sup>. This might be the quarter that AAPL springs after earnings, but no need to be piggish. This will be the biggest quarter in AAPL’s history, but the market likes to take profits. <o:p></o:p></div><div class="MsoNormal" style="text-align: justify;"><br />
</div><div class="MsoNormal" style="text-align: justify;">It’s not often that the market offers such a great company at such a deep discount. Get in while you still can.<o:p></o:p></div><div class="MsoNormal" style="text-align: justify;"><br />
</div><div class="MsoNormal" style="text-align: justify;">Best of luck,<o:p></o:p></div><div class="MsoNormal" style="text-align: justify;"><br />
</div><div class="MsoNormal" style="text-align: justify;">Craig Mack T20YM<o:p></o:p></div>Craig Mackhttp://www.blogger.com/profile/16456650134107539686noreply@blogger.com5