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Post by Deleted on Jul 11, 2011 16:15:53 GMT -5
Drftr
Look @ UTX
Like CAT...has had a decent run, but i like the components
Mr softie is out of favor with me also.....tech is the one spot i have trouble finding good candidates that adhere to MY standards of investing
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The Virginian
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Post by The Virginian on Jul 11, 2011 16:30:16 GMT -5
I like Netflix - but have stuck to dividend stocks only. If it drops down enough I just might take the plunge with it. Tech changes so quickly sometimes ( Anyone get stuck with the pager companies?) that it is hard to tell but I could see NetFlix controlling the entire cable market someday.
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The Virginian
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Post by The Virginian on Jul 12, 2011 8:23:01 GMT -5
Thanks Frank for the Insight! DUK is already on my near term list! Alot on the list I already own!
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Driftr
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Post by Driftr on Jul 12, 2011 8:48:58 GMT -5
Just put a new limit order out there in my wife's IRA for INTC at 22.25. That'd be a 2.2% bargain compared to what I tried to buy it at yesterday. Kinda hope it doesn't fill and it gaps down again tonight. She really wants this money going to work though. And we all know a happy wife is a happy life even if I have a gut feeling we'd be better off waiting until September (which I'm doing with all the dividends accumulating in my IRA and our Brikerage account).
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Driftr
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Post by Driftr on Jul 12, 2011 9:06:40 GMT -5
Oops. Double post. Delted by me.
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Driftr
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Post by Driftr on Jul 12, 2011 9:06:52 GMT -5
Yep. Missed it. Running away from me again. Oh well. Ammo kept dry for another day...
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The Virginian
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Post by The Virginian on Jul 13, 2011 8:29:52 GMT -5
I think I'll hold off on Netflix for now!
Thousands threaten to quit Netflix Fred Prouser / Reuters
Could Netflix's loss be Redbox's gain? Customers rent DVD movies from a redbox video kiosk in Burbank, California, May 8, 2011. Picture taken May 8, 2011. By Athima Chansanchai If you're a Netflix subscriber, you received a rude awakening today in your inbox when the company announced it would no longer be offering a combined DVD and streaming plan and would instead separate the services, for a minimum cost of about $16 a month if you still want both.
I've been with Netflix since 2000, but only recently downgraded from three DVDs a month to one and unlimited streaming. I got this today:
Your current $9.99 a month membership for unlimited streaming and unlimited DVDs will be split into 2 distinct plans: Plan 1: Unlimited Streaming (no DVDs) for $7.99 a month Plan 2: Unlimited DVDs, 1 out at-a-time (no streaming) for $7.99 a month
Your price for getting both of these plans will be $15.98 a month ($7.99 + $7.99). You don't need to do anything to continue your memberships for both unlimited streaming and unlimited DVDs.
These prices will start for charges on or after September 1, 2011.
These changes raised the ire of Netflix's fans on Facebook, almost 9,000 of whom stormed onto its page to voice their vehement disapproval. Many of them complained about Netflix's "greed" and said they were going to leave Netflix for Redbox. Other users suggested services like Crackle, Hulu Plus and even Blockbuster.
Here are some excerpts from the Facebook page:
•It takes a real genius to destroy a thriving company in a single day.....Congrats Netflix!!!!! •Greedy CEO + a mediocre, slow, limited streaming service + waiting for DVDs in the mail = Many canceled Netflix users and Redbox's Best Day EVER! •This is weeeeaaaaakkkkk!!!! I can't count on one hand how many people I've gotten to join Netflix. This isn't the time to go UP on prices! Let's see what Blockbuster has in stored! •HORRIBLE IDEA. Let's all cancel our plans until they CHANGE IT BACK •Well, I won't be recommending Netflix anymore. If all movies and shows were available no matter which option you chose, then we could choose one or the other. As it is, the customer is in a no-win situation, you have to choose "both" options in order to ensure that you will be able to watch ALL of the movies and series you want. We will be cancelling. Time to go check Hulu. More than 4,300 have commented on the Netflix blog, and again, reaction seems to be against Netflix, for the most part.
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The Virginian
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Post by The Virginian on Jul 13, 2011 8:41:39 GMT -5
Here's more info on Netflix - I know this is a dividend stock thread but just following up - This is it on Netflix by me - I promise ;D
Ahead of the Bell: Netflix July 13, 2011 9:18 AM ET NEW YORK (AP) - Shares of Netflix Inc. rose in premarket trading Wednesday on news that the company will raise prices for some of its 23 million subscribers by as much as 60 percent.
The company is separating its options to rent DVDs by mail and watch video on the Internet. As a result, subscribers who want both will have to buy separate plans totaling at least $16 per month. Netflix Inc. had been bundling both options in a single package, available for as low as $10 per month.
In premarket trading, Netflix shares jumped $8.47, or 2.9 percent, to $299.74.
The announcement prompted a backlash among some subscribers, who vented their anger in comments on Netflix's blog as well as its Facebook page, where there were nearly 17,000 comments, mostly negative, by late Tuesday.
But Morgan Keegan's Justin Patterson said that despite the initial backlash, the price increase will be good for Netflix because it will allow it to license more streaming content. That should boost its long-term subscriber growth, retention and fresh cash flow.
"The move simply forces subscribers to reassess how they consume Netflix," Patterson wrote. "And for the vast majority, we believe this suggests a move to streaming only."
William Blair's Ralph Schackart backed his "Market Perform" rating for Netflix, noting that the company has seen its revenue per subscriber steadily fall as new users increasingly choose less expensive plans.
"Netflix has done a tremendous job navigating a by-mail DVD business to a streaming service," Schackart wrote. "While the streaming service offers unlimited selection of its catalog of older movies and DVDs offer a nice complement of new releases, it will be interesting to see what the customer reaction will be to the price increase."
Netflix isn't changing the $8 monthly price for an Internet streaming-only option, which the company began offering late last year. But instead of charging $2 more for a plan that also offers one DVD at a time by mail, the company will charge $8 for a comparable DVD-only plan. That brings the total to $16.
Those who want to rent up to two DVDs at a time with streaming will pay $20 per month, or 33 percent more. Those wanting three DVDs at a time with streaming will pay $24 per month, or 20 percent more.
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Driftr
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Post by Driftr on Jul 13, 2011 9:09:55 GMT -5
Picked up the INTC at 22.52 ad GE at 18.60 this morning for my wife's IRA account. I screwed up using limit orders on them and I think I would have done better with market orders. They were falling faster than I thought. Oh well, I'm ok with the prices. The limit orders I have out there for MON, COP, & DUK were set a bit further below where they were trading. They hadn't filled last I checked.
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Driftr
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Post by Driftr on Jul 13, 2011 9:17:14 GMT -5
Monsanto & Conoco Phillips (sp?) each filled at 74.50. Dosen't look like the DUK is gonna get back down to 19.10 limit. Might chase it.
Undecided on the final one still. UTY, CAT, MFST...or hold the cash and give whatever the 2x SLV is...
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The Virginian
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Post by The Virginian on Jul 13, 2011 13:56:38 GMT -5
Did you read FTI's comment on DUK ? - Maybe you should reconsider your limit. After all everything looks good.
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Driftr
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Post by Driftr on Jul 13, 2011 14:21:22 GMT -5
I got the DUK earlier. Just didn't post it. I think I got it at 19.15 and if I would have waited a bit I could have got it at 19.10. Minor annoyance, but no biggie. My wife is happy most of her IRA is at work and that's what matters for today.
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The Virginian
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Post by The Virginian on Jul 14, 2011 7:03:22 GMT -5
I think DUK is a good buy - next on my list! Hopefully next week I'll pick it up!
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The Virginian
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Post by The Virginian on Jul 14, 2011 7:16:24 GMT -5
Turns out I already have DUK in my wifes IRA! - Bought in at 18.69. - What my wife says about my memory must be true!! I still have to get it in my account! My wife has both in her IRA! Will be interesting to see how this plays out if FTI is correct ( And he always is) ;D
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The Virginian
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Post by The Virginian on Jul 14, 2011 7:30:34 GMT -5
What a coincidence - Just got e-mails this morning from Duke and Progress about special shareholder meetings!
1:3 Reverse Stock Split - for DUK - We voted in favor although I must admit I don't fully understand the consequences of this!
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Driftr
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Post by Driftr on Jul 14, 2011 10:23:55 GMT -5
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The Virginian
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Post by The Virginian on Jul 14, 2011 12:17:13 GMT -5
That's good news Driftr - I'm not lucky enough to have owned that one!
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The Virginian
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Post by The Virginian on Jul 14, 2011 15:26:34 GMT -5
It is Fun!
Does any one know how a 1-3 reverse stock split will affect stock price?
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Driftr
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Post by Driftr on Jul 14, 2011 15:30:12 GMT -5
It'll effectively triple the price and you'll only have 1/3 as many shares when it's all said and done.
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The Virginian
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Post by The Virginian on Jul 15, 2011 7:14:07 GMT -5
As long as the dollar value doesn't go down ---- Will be interesting to see how it affects the Dividends!
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Driftr
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Post by Driftr on Jul 15, 2011 8:09:54 GMT -5
I would expect there won't be any significant change in the yield we're receiving.
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Driftr
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Post by Driftr on Jul 15, 2011 8:13:33 GMT -5
Hand to God I was doing a little research an hour or so before the close yesterday and I has Clorox on a short list of four possible stocks to throw my accumulated dividends at. Got pulled away to help someone with something (actual work) and never got back to the list. I was leaning towards the water one though, so probably wouldn't have caught this 11-12% move, but daaaaang.
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The Virginian
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Post by The Virginian on Jul 15, 2011 8:22:29 GMT -5
Wow - That would have been nice! I do find myself starting to get sidetracked by all this though. I have to keep reminding myself that my chosen strategy is Dividend paying stocks and concentrating on the dividends. I don't mind playing a little - that's how I learn but my main focus has to be what I know and what works!
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Aman A.K.A. Ahamburger
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Post by Aman A.K.A. Ahamburger on Jul 15, 2011 23:29:56 GMT -5
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The Virginian
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Post by The Virginian on Jul 16, 2011 6:50:46 GMT -5
Thanks A !
I like the way it breaks it down by Sectors and indicates who the leaders are in each sector. Will definitely be a big help to me going forward with my Dividend Stock Investments!
Do you happen to invest in stocks yourself? Just curious. In any case I really do appreciate yours and Driftrs (and others ) inputs. I'm a firm believer in the more minds discussing Investments the better!
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The Virginian
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Post by The Virginian on Jul 16, 2011 7:10:24 GMT -5
Drifter - I know your criteria are different from mine but you may want to have a look at the Article A posted as it does have some valuable insight, especially in the arena of making sure your portfolio is well diversified. Also this guy ( Jim Pyke) lists CWT as the leading Water Utility - my only water holding is AWK. I'll have to do some more research into this. Probably wouldn't hurt to have it on my Watch List! seekingalpha.com/article/279348-in-search-of-high-dividend-yields-an-industry-by-industry-survey
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The Virginian
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Post by The Virginian on Jul 16, 2011 7:45:26 GMT -5
I found this on Duke Energy web site:
As part of the Duke Energy-Progress Energy merger, Duke’s board of directors approved a reverse stock split, and has now set the reverse stock split ratio at 1-for-3. Here’s a primer on how this would work.
In a reverse stock split, a publicly traded company reduces the number of outstanding shares in proportion to the split ratio. Because the company will only be changing the number of outstanding shares, this should not change the company’s overall valuation. Assuming the company’s overall valuation does not change, the price per share should increase proportionally.
See the table below, which illustrates the changes for Duke shares and dividends.
A reverse stock split has no effect on a company’s operational performance. As a result, the company’s total market capitalization should not change solely because of the reverse stock split.
Why do a reverse stock split? There are a number of reasons. For Duke, the reverse stock split is expected to bring the company’s stock price more in line with our peer companies and would reduce the number of shares outstanding.
Currently, Duke has more than 1.3 billion outstanding shares. After the Duke/Progress merger closes, if there were no reverse stock split, the company would have to issue approximately 750 million additional shares, bringing the total to more than 2 billion shares, which is a very large amount.
Doing a reverse stock split makes sense for the company so that the total number of outstanding shares is more manageable. By reducing the number of shares outstanding, the reverse stock split would also ensure that Duke will have enough shares authorized for issuance to Progress Energy shareholders in the merger.
What does the reverse stock split mean for the dividend? It would work in much the same way as for the number of shares of stock. After a 1:3 reverse stock split, you would own one-third as many shares, but we expect the quarterly dividend per share would triple. This assumes Duke’s board maintains the dividend at its current level and adjusts it for the reverse stock split. In that case, the monetary value of your total dividend would not change.
For example
The table below provides an illustrative example of the effect of a 1:3 reverse stock split, based on the assumptions described above.
Illustrative Example Number of shares owned Price per share Quarterly dividend earned per share Total value of your holdings Before a reverse stock split 300 $18 24.5 cents $5,400 value of shares $73.50 quarterly dividend Immediately after a reverse stock split 100 $54 73.5 cents $5,400 value of shares $73.50 quarterly dividend
Notes:
The reverse stock split would become effective if, and at the time, the merger is completed, at a ratio of 1:3, to be determined by Duke’s board of directors after consultation with Progress Energy. The example presented in the table assumes for the reasons we have described that the reverse stock split does not change the company’s total market valuation and that Duke’s board of directors adjusts Duke’s current quarterly dividend to reflect the reverse stock split
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Aman A.K.A. Ahamburger
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Post by Aman A.K.A. Ahamburger on Jul 16, 2011 22:29:55 GMT -5
Thanks A ! I like the way it breaks it down by Sectors and indicates who the leaders are in each sector. Will definitely be a big help to me going forward with my Dividend Stock Investments! Do you happen to invest in stocks yourself? Just curious. In any case I really do appreciate yours and Driftrs (and others ) inputs. I'm a firm believer in the more minds discussing Investments the better! NP! I have always just had funds and RE investments. I know right? I always liked the idea, however, having a kid at 22 and three by 29; I have saved a lot, and have money in funds for them too. Young family on a budget, it's easy to have funds with small monthly deposits. Plus we have life insurance, Right now if we die my kids have at least 300k, one policy has a dividend. One is a UL However, going forward it's going to be a whole different story. I was talking to a friend today and I'm going to be selling my house and using the 100k+ in equity in it, to build a solid divined paying portfolio and wait until the Canadian housing market corrects, WCC baby! Use the dividends to offset the higer rental costs right now, and wait to see what happens. Thanks for asking V, your a gentelman and a scholar.. ;D Home prices to fall, TD warns www.cbc.ca/news/business/story/2011/07/13/housing-prices-fall-td.html
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Aman A.K.A. Ahamburger
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Post by Aman A.K.A. Ahamburger on Jul 16, 2011 22:45:55 GMT -5
What was it again BTI?? I always make money because I sell too soon, right?
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The Virginian
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Post by The Virginian on Jul 18, 2011 7:18:25 GMT -5
As long as you make money - accept the criticism! ;D
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