2015: What Went Wrong

This is the final segment to the best and worst of 2015. This series was inspired Bespoke Investment Group’s article tailored to actual holdings in DGI portfolios. The first post, 2015: What Went Right can be found here.

Again I need to address the caveats:

  • Only publicly disclosed data culled from portfolios in my Blog Directory were used. If your blog is not listed, your data was not included.
  • My data only reflects a snapshot in time. Once entered in my database I generally make no updates.
  • I make no guaranty as to the accuracy of the data either through input errors, processing errors, or the legitimacy of the source data. Meaning, use at your own risk – or you get what you pay for.

Bespoke’s article raised a number of questions in my mind. Although not specifically targeted to the DGI community, I found it to be timely none-the-less. So the question today is why were so many ‘losers’ contained in DGI portfolios?

Continue reading

2015: What Went Right

Yesterday I published a post where I referenced an article by Bespoke Investment Group. During this season of reflection of the past year and anticipation of the one to come – aka goal setting – I figured further analysis of their article and its relationship to the DGI community might be warranted.

First I need to address the caveats:

  • Only publicly disclosed data culled from portfolios in my Blog Directory were used. If your blog is not listed, your data was not included.
  • My data only reflects a snapshot in time. Once entered in my database I generally make no updates.
  • I make no guaranty as to the accuracy of the data either through input errors, processing errors, or the legitimacy of the source data. Meaning, use at your own risk – or you get what you pay for.

Continue reading

Winter Is Here

As winter arrives and the holiday season is upon us, I have to admit I’m somewhat at a loss this year.  Years past, I’d be reviewing natural gas inventories and weather outlooks to determine if additional funds should be allocated to my utilities.  This year WEC has already forecast their 2016 dividend policy and I’m waiting for Piedmont‘s merger to close – so nothing to do on this front.  Christmas shopping is complete – check.

Several of you have presented your 2016 goals already.  Good for you!  Call me old-school, or a procrastinator or a slug.  Continue reading

And so it continues …

December is shaping up to be a pretty good month.  The news this morning was Monarch Financial merging into Towne Bank.  This is the second time I’ve owned both sides of the deal which is pretty cool.  Terms of the merger:

  • each share of Monarch gets .883 shares of Towne.

Based on yesterday’s close, the value is about 18.57 per Monarch share which is a 39% premium off of yesterday’s close.

I guess the only ‘complaint’ is that Monarch was one of those companies that paid an annual stock dividend and Towne doesn’t.  At least they paid this years’ stock dividend earlier this month!

Happy Anniversary!

One year ago marked my first post to this blog.  Along the way I’ve made new friends, shared ideas,  and debated strategy (mostly on Seeking Alpha).  And for this I thank you.

On occasion I run across posts that either beg for a rebuttal or leave me thinking.  This week had three blogs; Dividend Diplomats, Div4Son and Roadmap2Retire filling the bill. Continue reading

Recent Buy

ozrk

Bank of the Ozarks has been a part of my portfolio for a couple of years.  I felt it was overpriced when I initially bought it and feel the same today.  However, since I bought it has appreciated about 60%.  Plus increased their dividend quarterly.

OZRK was not top of the list today but when it dropped 4% midday I decided to pounce, particularly since its’ size in my portfolio had dropped to about 1% and my target weighting is 3%.  So my order was executed at $49.85 and should be eligible for January’s dividend.

Top on my list were FLIC and FMBI since they are more underweight – but their prices held.  I also looked at KMI and was a little surprised that it was up.  Good assets, questionable management and up on the news of a dividend cut?  Perhaps it’s short covering.  Well I can always initiate a new position – or not.

Final note on OZRK – historically they perform a stock split between $50 and $60 so a s.plit in 2016 wouldn’t surprise me.