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I think you may be nit picking over 5-10%+- of the index capitalization
which might not be true operating utilities. I provided the full list which
included the weighting and capitalization of each - the index is
capitalization weighted. Roughly 65% (by capitalization) are ex-Bell
operating companies, 87% are fixed line communications companies, and 13%
are wireless companies. For investment purposes, I consider the fund to
consist of (telecom) utilities ... your mileage may vary.
There are 14 iShares Sector funds and one is a utility fund which consists
primarily of electric and gas operating companies (forgive me if there is a
water utility or something else thrown in). According to the information
provided, it pays a $2+- dividend on a $60+- share price for a yield of
1.25%. I assume that BGI keeps the dividend up to date and that the
indicated dividends are what is passed on to shareholders. Full information
on the iShare ETF funds can be found at http://www.ishares.com/fund_info/
Earl
----- Original Message -----
From: "Daniel Goncharoff" <thegonch@xxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Saturday, June 29, 2002 1:12 PM
Subject: Re: [RT] Investing Now?
> Earl
>
> You brought up the index, saying it was filled with utilities. Since it
> is only half filled with utilities (paying a 3-4% dividend, as I said),
> and half filled with a very mixed group of stocks, including tech (MOT)
> and wireless, I have to ask you why you are using it as a utility
> proxy...
>
> Regards
> DanG
>
> Earl Adamy wrote:
> >
> > The trust (Barclay's Global Investors iShare) is based on the
composition of
> > the DJ US Telecom Sector Index so you'd have to ask Dow Jones why MOT is
> > included. Stated dividend for the iShare for 2001 is $0.24 for stock
which
> > has been trading around $20 which doesn't work out to anything close to
> > 3-4%. YTD dividend for first half of this year is 0.17 ... still under
2%.
> > Stock price would have to fall into the $12 range to reach 3% dividend
> > yield.
> >
> > Earl
> >
> > ----- Original Message -----
> > From: "Daniel Goncharoff" <thegonch@xxxxxxxxxx>
> > To: <realtraders@xxxxxxxxxxxxxxx>
> > Sent: Saturday, June 29, 2002 12:13 PM
> > Subject: Re: [RT] Investing Now?
> >
> > > Utilities?
> > >
> > > Well, about half the index qualifies as such, and pays dividends at a
> > > 3-4% rate. The rest are not.
> > >
> > > And why is MOT on the list??
> > >
> > > Regards
> > > DanG
> > >
> > > Earl Adamy wrote:
> > > >
> > > > To amplify .. attached shows the holdings in the ETF Telecom Index.
> > These
> > > > are _utilities_ (not tech stocks) and should be paying a decent
dividend
> > ...
> > > > 1% is chump change. Historically, market has bottomed at 6%+-
dividend
> > > > ratio, I would not even considering investing in a stock which pays
less
> > > > than 3% with a payout ratio (dividend/earnings) of under 50%.
> > > >
> > > > Earl
> > > >
> > > > ----- Original Message -----
> > > > From: "Earl Adamy" <eadamy@xxxxxxxxxx>
> > > > To: <realtraders@xxxxxxxxxxxxxxx>
> > > > Sent: Friday, June 28, 2002 10:25 AM
> > > > Subject: Re: [RT] Investing Now?
> > > >
> > > > > I've been watching Dow Jones U.S. Telecommunications Sector Index
Fund
> > IYZ
> > > > > for an opportunity. Felt like it was getting close, then checked
the
> > > > > dividend yield at iShares web page and it's only 1% ... doesn't
sound
> > like
> > > > a
> > > > > bottom to me.
> > > > >
> > > > > Earl
> > > > >
> > > > > ----- Original Message -----
> > > > > From: "tradingmonster" <tradingmonster@xxxxxxxxx>
> > > > > To: <realtraders@xxxxxxxxxxxxxxx>
> > > > > Sent: Thursday, June 27, 2002 9:53 PM
> > > > > Subject: [RT] Investing Now?
> > > > >
> > > > >
> > > > > > Hi Ya,
> > > > > >
> > > > > > I am curious what anyone thinks about "gambling" on some tele
> > > > > > communication stocks? They all seem so beat up, if you were to
pick
> > a
> > > > > > few to but as a long term investment what would you buy? If
there
> > are
> > > > > > some other stocks that look good for a year or two year holding
what
> > > > > > would you pick? I want to put my cash into stocks rather than
the
> > > > > > bank, which offers little but security. I am very young and can
> > > > > > afford to risk some of my capital.
> > > > > >
> > > > > > thx
> > > > > > TG
> > > > > >
> > > > > > PS Maybe I should wait, how low can it go?
> > > > > >
> > > > > >
> > > > > >
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>
------------------------------------------------------------------------
> > > > Name: DJTelecom.gif
> > > > DJTelecom.gif Type: GIF Image (image/gif)
> > > > Encoding: base64
> > >
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