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nuf2bdangrus (< 20)

Value or value trap?

Recs

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September 24, 2008 – Comments (4)

I've been scanning for some dividend plays, or a way to nibble into the financials.

 

As bearish as I am, I have to be diversified, and these plays look like they're worth a nibble.

 

The PFF has a yield of 8.22%  Well diversified.  I bought a whopping 50 shares

OCNF, a shipping stock with a good backlog of business, has a divident of 19.40%  I'd like to buy some tomorrow.

 

How bout a nibble into the closed end China Fund, GCH.  Yahoo says it has an 82% yield.  That's not so, because its a closed end fund.  So where does that number come from? I bought 250 shares anyway.  I thinkChina is becoming a screaming buy, and this may be better than stockpicking or buying the FXI.

 

Foolish thoughts?

4 Comments – Post Your Own

#1) On September 24, 2008 at 11:30 PM, awallejr (80.10) wrote:

See my reply to austinhippie for suggestions.

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#2) On September 25, 2008 at 12:04 AM, jack21222 (99.01) wrote:

Beware of payout ratios, and the possibility that the past dividend will not be the future dividend. If a company is paying out more in a dividend than they're bringing in cash, they're either going to cut the dividend, or borrow money and go into debt to finance the dividend.

See my pick on KSP for an example of the second case.

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#3) On September 25, 2008 at 2:47 AM, DemonDoug (98.84) wrote:

for the love of god nuf.  I remember when you had some big losing trades.  BUY PM.

PMPMPMPMPMPMPMPMPMPMPM.

Buy PM, let the developing world get richer, smoke an S-ton of cigs, get rich with me and deej and many others who own it, collect an over 4% dividend and watch your CAGR go to 15-20% per year for the next 40 years.

Really.  It's not that complicated.  I swear.  Don't overthink it.

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#4) On September 25, 2008 at 7:14 PM, nuf2bdangrus (< 20) wrote:

DD.  I MISSED it at under 50s this am on the open.  I am very gunshy, and am liking it if I can get it under 50.  I couldn't chase it.  I'd like 48 on a panic selloff.  I feel one coming. 

 

I am MUCH more patient thatn I used to be.  LAst straw was mibbling on oil before the hurricane.  I wanted to buy more at the bottom, but decided to keep powder dry.

 

 

 

I think DOW under 10000.  I'm liking currencies on the bailout rally.  FXA, FXF, FXY, MERKX, etc.

 

 

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