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Yes, fingers betrayed me with calculator, 3.3% is correct on the utilities
fund .. still very low by historical standards. I regularly followed the
dividends and yields of the DJ indexes in Barron's Market Lab until they
switched earnings and yields statistics from net earnings to operating
earnings. Until that time, a few months ago, the DJ Utilities index was
paying dividends at historically low yields, not to mention a payout ratio
of twice net earnings which made buying the DJU a sucker's bet for dividend
yield.
Earl
----- Original Message -----
From: "Daniel Goncharoff" <thegonch@xxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Saturday, June 29, 2002 2:20 PM
Subject: Re: [RT] Investing Now?
> Just nitpicking, but $2 on $60 is 3.3%, not 1.25%...
>
> Regarding the telecoms, I think you are making a mistake treating the
> now competitive long distance business as a utility, but good luck with
> it.
>
> Regards
> DanG
>
> Earl Adamy wrote:
> >
> > 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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