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FWIW, I am always very suspicious when I see a yield which is far above
market. While trailing earnings are adequate to cover the dividend, the most
recent quarter was negative and debt/equity is an extremely high 2.33. I
would not touch it except on a speculative basis.
Earl
----- Original Message -----
From: "Ira Tunik" <irat@xxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Sunday, August 12, 2001 8:23 PM
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
> > >
> > >
> > >
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> > >
> > >
> > >
> >
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> >
> >
> >
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>
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