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Talking about yield. Has anyone looked at MCIT, the tracking stock for WCOM.
It is trading at about $12.00 and pays a $2.40 dividend. That looks like 20% to
me. From what I understand and have read, the dividend is secure. If anyone
has some input, I would be interested. Ira.
Earl Adamy wrote:
> Yes, MSFT looking a bit blue in the gills. Also have a look at MER ... in
> fact the whole broker dealer index looks a bit soggy.
>
> Utilities are an interesting one because the utilities are supposed to lead
> the bonds and the utilities are still headed down. BUT ... the DJUA PE ratio
> is 49.49 (not a typo 49.49), earnings yield is 2.02% and the dividend yield
> is 3.63%. Earnings 7.00 and dividends 12.57 ... could it be that a machete
> is about to be taken to the dividends?
>
> Or how about the Transports waiting to suck up all those big profits from a
> booming economy ... PE an astounding 367.24 (and you thought the NASDAQ was
> overvalued), earnings at 7.79 and dividends at 38.05 ... they've got to be
> borrowing a ton to make the payout.
>
> You got a quick interpretation of those TBill charts? I wonder how many
> people know that there was a post-crash time when people actually paid the
> government to take their money and keep it safe. Same thing happened more
> recently in Japan.
>
> Earl
>
> ----- Original Message -----
> From: <chrischeatham@xxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Sunday, August 12, 2001 5:20 PM
> Subject: [RT] Re: Markets
>
> > Earl,
> >
> > I've had my eye on that one too. Also MSFT and IBM give me the same
> > vibes. How bad does the Dow get if the three of them get walloped -
> > down by half or more -- all at once???
> >
> > Also, look at a long term Dow Util chart -- looks like it finished 5
> > of 5 of 5, etc.
> >
> > As to coupon clipping...I'll forward a tbill chart I sent to Tim's
> > list earlier.
> >
> > Chris
> >
> > --- In realtraders@xxxx, "Earl Adamy" <eadamy@xxxx> wrote:
> > > Do I spy the great mother ship (and biggest of the big cap stocks)
> > heading
> > > for a hard landing???????? Are there problems lurking in GE
> > Finance????? The
> > > weekly chart of GE suggests that the answer is yes. No wonder the
> > guys on
> > > CNBC are working overtime to talk up the market, their options must
> > be
> > > pretty deep in do do.
> > >
> > > Overall, my market horizon these days is a few hours. The basic
> > technical
> > > work I do with counts, regression channels, and symmetry is all
> > surrounded
> > > by mysticism. The market does not feel healthy and I suspect that
> > if it does
> > > manage to break above its range, it will get a sharp burst upward
> > followed
> > > by an unbelievable hammering. More likely I think, is an event or
> > news which
> > > drives it downward out of this range.
> > >
> > > Perhaps most striking to me is the utter complacency and lack of
> > fear which
> > > exists among market participants ... if only one has faith and
> > patience,
> > > Uncle Al will have everything fixed up and the good times will roll
> > on for
> > > another decade. I don't think it's gonna happen folks which is why
> > (aside
> > > from trading) I'm very content clipping coupons and thinking there
> > might
> > > just be a bonanza in gains if Goldilocks gets a real haircut.
> > >
> > > Earl
> >
> >
> > To unsubscribe from this group, send an email to:
> > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> >
> >
> >
> > Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
> >
> >
> >
>
> To unsubscribe from this group, send an email to:
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>
>
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