On August 8th I posted an article explaining why I thought 3m could be a value trap. It was trading in the $140-$150 range. Shortly after, their legal strategy collapsed and the stock fell nearly 10% in one day! 3M is no longer allowed to shield itself through its subsidiary. The company could now be on the hook for $15 billion or more in legal … [Read more...]
Spinoff Opportunities
On August 19th a couple of my portfolio’s options were exercised and a couple of positions were called away. In addition, I’ve continued to accumulate spinoffs; smaller positions resulting from larger companies breaking up. Recent examples include Kyndryl (IBM), Orion (O), Warner Brothers Discovery (T) and more recently Haleon (GSK). … [Read more...]
Is 3M a Value Trap?
The 3M Company (MMM) is no longer the stalwart it once was. In the most recent quarter, 3M reported EPS of $2.48/share, barely beating expectations. Over the past few years, sales growth has been okay, but earnings have been flat. YOY sales and earnings are both down. 3M is currently facing a strong dollar, recession, … [Read more...]
The Spice of Investing
The bread and butter of this blog is dividend investing. Buying cash flow rich companies and letting those businesses compound. This strategy has been proven to beat the S&P 500 over the long term. The key there is time. Years! Decades! This is probably why some of the most popular financial personalities got popular by promoting junk … [Read more...]
A Tale of Two International High Yielders
Phillip Morris International (PM) and Intel (INTC) are widely different companies operating in completely separate industries. However, both are relatively inexpensive, offer a high dividend yield, have international exposure, and are leaders in their respective industries. With almost every major company trading down in 2022, higher yielding value … [Read more...]
Recent Buy: T. Rowe Price Group, Inc.
I love how most stock brokerages have moved to zero commissions. This allows investors to dollar cost average in on a daily basis if needed. When I was in high school it cost $10 to buy and sell on TD Ameritrade. So, from a practical standpoint, I felt obligated to invest $500 or more. I wanted to feel like I was getting value for my trades. … [Read more...]