There are many companies dividend investors love for consistency and longevity. Some have been around 100+ years and have produced outstanding returns. Giants like P&G and Coke are consumer staples that have created millionaires over the past several decades. They can each trace their origins to the 19th century and survived events … [Read more...]
Recent Buy: SCHD
The market continues to make new lows as we fall deeper into recession. Even so I continue to buy! As mentioned in a post last month I had some extra cash. The excess cash came from sales of spin offs and some options getting exercised. I ended up taking a large portion of those proceeds and opening up a position in SCHD. The Schwab U.S. … [Read more...]
3m – I’m Out!
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...]