There is a very large group of mega-cap stocks woefully underperforming. Some of these stocks might end up being terrific values, others continue on their path of irrelevancy.
Here are some staggering year to date returns for once great companies.
HPQ -46%
PC -42%
SNE -41%
NOK -39%
DELL -36%
CAJ -30%
CHU -27%
EXC -26%
CNQ -25%
FTE -23%
Of those 10 losers, EXC is of most interest, mainly because they’re not in a dying business and they pay a whopping 6.8% dividend. As an aside, At&t is up 18% for the year and it pays a 5.4% dividend. Hell, I could’ve just put it all on T and wish for the best and I’d be doing just as good as I am now, without all of the headaches and seizure inducing volatility.
The market is opening sharply lower. Stocks like AKS are dead in the water here, having to endure another 4 years of financial tyranny and saddled with a tremendously impaired balance sheet. I have a list of stocks that can “go all the way” to zero, should we fall over “the fiscal cliff” and wallow like fat fucks in vats of butter–awaiting slaughter.
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Fly, a hypothetical:
Baynor caves in (and I think theres a big chance of that) and gives Obama everything he wants – bigtax hikes, more spending etc but he somehow gets to save face, (a few small concessions that in reality are nothing), would the market still get just a small pop higher on the rumor of a deal to avoid the ‘cliff’, but a sell later on the news of the details of a deal? thx for your (no urinal shadow) analysis 🙂
No, because it would mean higher taxes. The rally would be faded.
We’re going OVER the cliff.
The stability of the central banker credit system depends on the American consumer. They can take some of our wealth, but they have been doing this in cyclical stages, little by little. They never try to take it all at one time. They certainly want us to believe that they will, though — that makes it a lot easier for them at each cyclical pass.
Watch that first step. It’s long and deep. Oops, it’s already been taken. Thank you Supreme Leader in DC.
EXC does have a juicy yield here, but don’t expect an increase to the payout anytime soon.
Try CLM and CFP. Upwards of 19% annual yields. Been this way for several years now.
no interest in closed-end funds thank you very much.
Because that’s what the central banker-owned financial news media told you. I have been raking in the $$$ for years off of these, you stupid sucker.
no, I don’t like the premium to NAV moron.
How is that possible????
the price appreciation for CFP and CLM respectively since Nov. 14, ’07 has been -66 and -68% respectively…the Total return for the SAME period has been -4.9 and -15.67 respectively – IDIOT!!!!
big effing deal cumstain…total return of (4.9) since 2007 sucks no matter how you slice it. why would I want to pay 1.21 for 1.00 worth of shit?
Seems like the financial news media, which is owned/controlled by central banks essentially, wants the sheeple on the other side of the trade, so that when the market rips tits to the upside, they want everyone to be left behind except the investment banks owned by the central bankers.
For those of you who vote for the two-party (aka, one party) system, I hope you get financially raped by your own vote.
Posted this on other thread but thought I might re-post here:
As for fiscal cliffdiving…not so sure based on Obama maneuvering and triangulation re: Keystone. If he greenlights the pipeline, he will have put Republicans in the unenviable position of being the fucking grinches who stole Xmas (and can America really afford a lump of coal for our annual consumer festivus?) after they have seemingly compromised on something as big as the environmentally destructive oil pipeline? Of course they always intended on compromising anyway, but they will now use it as leverage.
I think Republicans pick their battles and draw the battle lines somewhere else. Perhaps on immigration? Hard to say but I think they band-aid this over for the time being and we briefly see new highs before plumbing the depths of hell a bit later. Just my .02
lets not forget tax loss selling season..there’s a shitload of stocks in personal bear markets
I think people with gains wil likely realize them to make sure cash is in the bank. This could put downward pressure on equities for a while.
Will shorts be covering to take gains this year?
I’ll be the guy who says DELL is finally too cheap too ignore. PC’s are a tough business but they are not playing the ‘sell it cheapest’ game and I dont think the PC is as dead as everyone makes it out to be. Are YOU going to replace your turret with a tablet? Also HPQ is in not position to compete. DELL has earnings this week and its going to suck and their outlook is going to be grim, but at 9 bucks good cashflow and a strong balance sheet I dont think anyone is going to care.
I would stay away from Sony.
They’ve done nothing but destroy shareholder value for the last 7 years. The Keiretsu model that served them well for so long is now a cinder-block around their necks. They also can’t let go of this ridiculous thing (from the 2011 annual report) “Only Sony makes everything you need to bring movies, music, games, photos and books to our eyes, ears, fingertips, hearts and minds. That’s why the shortest distance between content and consumers is Sony.”
Riiiight. To do it well, they need to make content accessible more quickly (which will kill their price discrimination in their movie/dvd business) on devices that people can buy from other companies cheaper.
It is a turd. Therefore, I issue a
#TURDALERT