Price target $8.50 within 3-4 weeks, or hold longer term for the dividend if it takes a while to move.
Showing posts with label FTR. Show all posts
Showing posts with label FTR. Show all posts
April 1, 2011
FTR bought @ $8.04
This was one of my income stocks in the past. Big sell off in the last month after earnings and dividend. However seems to be an established based at 8, so looking for a breakout for a quick profit, or a longer term rise because the $0.1875 dividend (9%) makes it an attractive stock at this level.
Price target $8.50 within 3-4 weeks, or hold longer term for the dividend if it takes a while to move.
Price target $8.50 within 3-4 weeks, or hold longer term for the dividend if it takes a while to move.
September 30, 2010
September 20, 2010
Sold FTR at $8.00. Cashing out in the rally
Taking profits and accumulated dividends off the table. FTR cut their dividend because of picking up accounts from Verizon, so it's dropped below my 10% cut off for dividend stocks. My initial entry was around $7.50 about a year ago.
Rule 1 of income investing. Pick stocks with dividends over 10%.
Rule 2 of income investing. Get out with any profits if the dividend is cut. The stock price will probably follow the dividend cut.
Rule 1 of income investing. Pick stocks with dividends over 10%.
Rule 2 of income investing. Get out with any profits if the dividend is cut. The stock price will probably follow the dividend cut.
May 20, 2010
Income Portfolio Analysis
The next few months are going to provide an excellent test of the Daily Income for Life trading and investing strategy.
After I dump my last remaining Active Trading (NOK, TNP) and underperforming income positions (AWP) tomorrow to stem further losses, I will only have income stocks remaining. I'm shorting one tech stock (HXL), but am not attached to the result. Catching it's correction might for a small gain might just make me feel better that I sold my HXL position too early back in April at 20% profit in a month rather than 60% gain in three months I could have made.
Left in the Income Portfolio
AGD
AOD
CPLP
FTR
AGNC
NLY
These stocks are all paying between 10% - 23% in dividends. The income stocks that were yeilding less than 10% were sold to realize capital gains from the last 14 month bull market.
Currently, only FTR does not have unrealised losses after the panic market correction and spiking volatility we saw in the last three weeks. However, because of the high yields, if I hold these positions long enough they will all turn around eventually and continue to provide long term dividend reinvestment.
As the prices decline further before we reach a stable bottom, the yields relative to price actually will increase. Also, dividend reinvestment will purchase more shares. This should position the Income Porfolio to gain healthily if this correction rebounds. These stocks were all purchases with the long term investment and dividend reinvestment in mind. Gains that were taken were based on the recent bull market and technical analysis providing solid reasons to exit.
The real question is, what will happen after this correction? Commentary is all over the map right now. The only sure thing is that trust in the entire financial system will sink to yet another low after the two shocking down days in the last two weeks.
After I dump my last remaining Active Trading (NOK, TNP) and underperforming income positions (AWP) tomorrow to stem further losses, I will only have income stocks remaining. I'm shorting one tech stock (HXL), but am not attached to the result. Catching it's correction might for a small gain might just make me feel better that I sold my HXL position too early back in April at 20% profit in a month rather than 60% gain in three months I could have made.
Left in the Income Portfolio
AGD
AOD
CPLP
FTR
AGNC
NLY
These stocks are all paying between 10% - 23% in dividends. The income stocks that were yeilding less than 10% were sold to realize capital gains from the last 14 month bull market.
Currently, only FTR does not have unrealised losses after the panic market correction and spiking volatility we saw in the last three weeks. However, because of the high yields, if I hold these positions long enough they will all turn around eventually and continue to provide long term dividend reinvestment.
As the prices decline further before we reach a stable bottom, the yields relative to price actually will increase. Also, dividend reinvestment will purchase more shares. This should position the Income Porfolio to gain healthily if this correction rebounds. These stocks were all purchases with the long term investment and dividend reinvestment in mind. Gains that were taken were based on the recent bull market and technical analysis providing solid reasons to exit.
The real question is, what will happen after this correction? Commentary is all over the map right now. The only sure thing is that trust in the entire financial system will sink to yet another low after the two shocking down days in the last two weeks.
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