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It tracks WCOM and so if one goes down so does the other. But like
a convertible bond you would expect it to rest upon interest rate if the
stock price drops below the convertible price. This hasn't happened
here. Granted a bond interest payment is supposed to be more secure
then a dividend, but often it isn't. Could this be a case of them
raiding the telecom house and taking the piano player too? Ira
Clyde Lee wrote:
Looks
pretty scary to me. If the dividend is reallyprotected
then why this big drop in price. Clyde-
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Clyde Lee Chairman/CEO
(Home of SwingMachine)
SYTECH Corporation
email: clydelee@xxxxxxxxxxxx
7910 Westglen, Suite 105 Office:
(713) 783-9540
Houston, TX 77063
Fax: (713) 783-1092
Details at:
www.theswingmachine.com
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<blockquote
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
----- Original Message -----
<div
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
Ira Tunik
To: realtraders@xxxxxxxxxxxxxxx
Sent: Sunday, August 12, 2001 21:23
Subject: Re: [RT] Re: Markets
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:
> realtraders-unsubscribe@xxxxxxxxxxxxxxx
>
>
>
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