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Posted on 2/23/12 at 3:55 pm to LSURussian
BDJ
7.65 +0.08 (1.06%)
Feb 23 - Close
NYSE real-time data - Disclaimer
Currency in USD
Range 7.57 - 7.66
52 week 6.30 - 8.96
Open 7.61
Vol / Avg. 242,346.00/263,521.00
Mkt cap 544.70M
P/E -
Div/yield 0.17/8.89 EPS -
Shares 71.20M
Beta 0.80
Inst. own 16%
7.65 +0.08 (1.06%)
Feb 23 - Close
NYSE real-time data - Disclaimer
Currency in USD
Range 7.57 - 7.66
52 week 6.30 - 8.96
Open 7.61
Vol / Avg. 242,346.00/263,521.00
Mkt cap 544.70M
P/E -
Div/yield 0.17/8.89 EPS -
Shares 71.20M
Beta 0.80
Inst. own 16%
This post was edited on 2/23/12 at 4:04 pm
Posted on 2/23/12 at 4:05 pm to LSURussian
Income portfolio, could check some of the preferred shares. I have held PCG-Pb for 20+ years, stated 5.5% yield, but actual depends on acquisition cost.
Posted on 2/23/12 at 4:31 pm to kfizzle85
quote:
REITs in particular are more complicated than a vanilla stock, its a different asset class and people shouldn't look at them like they do vanilla common stock (imo of course) for the reasons you mentioned among others.
That is for sure, but if anyone had more than a half arse understanding of what an equity REIT is in 2007, and did cursory research regarding the valuations of properties purchased and how much debt was coming due over the ensuing 5-yr period, in addition to how low the yields were due to the massive run up, they would have sold or greatly reduced their holdings. Sam Zell looked brilliant after selling. That's where having knowledge and a sound investment plan that is adhered to comes into play. I don't dislike equity REITs in general, but I would do a lot more DD on them than I would buying many other sectors/sub-asset classes. You know this already, but many don't.
Continued extend and pretend by the banks might be used on an ongoing basis over the next 3-yrs and many REITs could do fairly well, but I can't count on that happening, which coupled with mediocre current yield makes it very unappealing to me. And, if investors hold them in tax advantaged accounts, which they should,and lose their asses they don't get to generate tax loss carry forwards, either.
I chose small cap international and domestic equities, energy, dividend ETFs/funds, and utilities coming out of the 2009 bottom and did very well. If someone had invested in VNQ then, which if I recall correctly was yielding close to 9.5% due to its huge NAV/price decline, then they would have done very well too, as in > 120% in 9-months, but the yield now deducting return of capital from dividends is less than 2.5%. That is at the wrong end of the risk continuum from my perspective, although I can't say that REITs as an asset class will perform extremely poorly this year.
Posted on 2/23/12 at 4:36 pm to tirebiter
quote:
half arse understanding
Would be mostly no one, but certainly not
quote:
regarding the valuations of properties purchased and how much debt was coming due over the ensuing 5-yr period, in addition to how low the yields were due to the massive run up
quote:
If someone had invested in VNQ then, which if I recall correctly was yielding close to 9.5% due to its huge NAV/price decline, then they would have done very well too, as in > 120% in 9-months, but the yield now deducting return of capital from dividends is less than 2.5%. That is at the wrong end of the risk continuum from my perspective, although I can't say that REITs as an asset class will perform extremely poorly this year.
Posted on 2/23/12 at 4:47 pm to kfizzle85
What do yall do with dividends? Reinvest or cash them since some of yall would actually get a good chunk of money with how much yall are putting into these?
Posted on 2/23/12 at 4:52 pm to wegotdatwood
I think I will get my wife one of these with mine:
Audi A7
Audi A7
Posted on 2/23/12 at 4:56 pm to tirebiter
Dang, nice ride. Wish I had that much to put into the market.
Posted on 2/23/12 at 5:02 pm to wegotdatwood
I'm having some fun with you, although I could have bought her one with portfolio returns in January. She wants a VW EOS hard top, I keep deflecting to the future but will give in one day. I have my eye on an A7, maybe one day but it would have to be through a friend that buys at auctions. Then again, probably not.
In taxable the dividends go into cash as I don't feel like keeping up with a lot of transactions/small share purchases on a cost basis consideration, then wait on better investing opps. In tax deferred sometimes reinvest, sometimes go to cash, depends on if asset allocation is getting out of whack or not.
In taxable the dividends go into cash as I don't feel like keeping up with a lot of transactions/small share purchases on a cost basis consideration, then wait on better investing opps. In tax deferred sometimes reinvest, sometimes go to cash, depends on if asset allocation is getting out of whack or not.
Posted on 2/23/12 at 6:55 pm to wegotdatwood
quote:
What do yall do with dividends
Spend some, reinvest some.....
Posted on 2/23/12 at 7:07 pm to LSURussian
quote:Why don't you join us in some beach real estate buys.
I'm getting bored with day trading. So . . .
Posted on 2/23/12 at 7:09 pm to NC_Tigah
If the warmers are correct, I'm going to be owning beach front property here in Baton Rouge soon enough!
Posted on 2/23/12 at 8:30 pm to LSURussian
Does CQP tickle your fancy?
May be too risky for you.
May be too risky for you.
Posted on 2/24/12 at 7:27 am to TheHiddenFlask
quote:
Does CQP tickle your fancy?
I put them on my dividend watch list about 3 weeks ago. Their yield (8.2%) is one of those "almost too good to be true" types so I wanted to watch it and read up on it for a little while before I buy.
On my pro forma Excel spreadsheet for my dividend watch list I have them down for 750 shares which is about half of what I usually buy of other companies because, as you alluded to, they may have a higher risk of a divided cut.
ETA: Their LTD exceeds total assets by a few hundred million dollars.
This post was edited on 2/24/12 at 9:00 am
Posted on 2/24/12 at 8:21 am to wegotdatwood
quote:
What do yall do with dividends?
Reinvest and curse them come tax time.
Posted on 2/24/12 at 8:39 am to Chad504boy
quote:From what I can tell Schwab does a good job of keeping up with the cost basis including reinvested dividends.
What do yall do with dividends?
Reinvest and curse them come tax time.
I used to keep my cost basis for including taxable dividends on an Excel spreadsheet but when I saw that my spreadsheet cost basis and the Schwab cost basis were always within a couple of pennies (literally) of each other, I stopped keeping the spreadsheet and I just rely on Schwab.
Anyway with the new 2011 IRS reporting for cost basis, Schwab's numbers is what counts. I'm sure not going to report a different cost basis over a few cents.
Posted on 2/24/12 at 11:20 am to LSURussian
Russian I wouldn't rule out PM, I bought at 70 and a 4.35% yield. They increase their dividend at least 12% per year. At that rate my yield to cost will be 6.1% after three years plus cap. gains. Buy on pull back only, although you will never get a big pull back.
Posted on 2/24/12 at 11:26 am to LSURussian
If the divis are in a roth ira you don't have to pay cap gains right?
Posted on 2/24/12 at 11:29 am to LSURussian
quote:
From what I can tell Schwab does a good job of keeping up with the cost basis including reinvested dividends.
I used to keep my cost basis for including taxable dividends on an Excel spreadsheet but when I saw that my spreadsheet cost basis and the Schwab cost basis were always within a couple of pennies (literally) of each other, I stopped keeping the spreadsheet and I just rely on Schwab.
Anyway with the new 2011 IRS reporting for cost basis, Schwab's numbers is what counts. I'm sure not going to report a different cost basis over a few cents.
Didn't mean the struggle to report, just the idea of paying taxes on monies not "taken"... that's all.
I used turbo tax and it pulled everything from my vanguard. I had to enter a few bought dates and that was it really.
Posted on 2/24/12 at 11:35 am to Teacher
quote:
Russian I wouldn't rule out PM
PM causes me the same personal issues that I have with MO described above in this thread.
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