Member Articles

The High-Yield Dividend Newsletter

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Already a member to the High Yield Dividend Newsletter? Contact us at info@valuentum.com for archived editions! High Yield Dividend Investing Are your income ideas not getting the job done? Did you miss the fall out in Kinder Morgan and MLPs? Is your portfolio suffering from the “wrong” high dividend-paying ideas the past few years? Subscribe today to receive our monthly High Yield Dividend Newsletter and simulated high-yield dividend portfolio. You know the quality of Valuentum’s work, and this new publication and simulated portfolio may be right up your alley. The brand new monthly High Yield Dividend Newsletter is priced at $1,000/year. We provide the following regularly in the monthly newsletters, to be released on the 1st of each month: A discussion … Read more

Active vs. Passive Still Undefined, Even After Fees and Expenses

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In the final episode of “Off the Cuff,” President of Investment Research at Valuentum Brian Nelson explains that, even after fees and expenses, the active versus passive debate remains undefined. It is on this consideration, that Nelson’s Syllogism of the Stock Market is based. Running time: ~4 minutes. Originally published January 15, 2018 (edited and republished March 24, 2018). Thank you for tuning into the “Off the Cuff” video series!

Dividend Increases/Decreases for the Week Ending January 12

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Below we provide a list of firms that raised/lowered their dividends during the week ending January 12. The dividend reports of covered firms on this list will be updated shortly with the new information. To access our dividend reports use the ‘Symbol’ search box in our website header. Firms Raising Their Dividends This Week Ally Financial (ALLY): now $0.13 per share quarterly dividend, was $0.12. Apogee (APOG): now $0.1575 per share quarterly dividend, was $0.14. ARES Dynamic Credit Allocation Fund (ARDC): now $0.1075 per share monthly dividend, was $0.1050. Codorus Valley (CVLY): now $0.155 per share quarterly dividend, was $0.135. Enterprise Products Partners (EPD): now $0.425 per share quarterly dividend, was $0.4225. Genesis Energy (GEL): now $0.51 per share quarterly … Read more

2018 Starts Out with a Bang!

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Image Shown: An ETF that measures momentum (MTUM) has done considerably better than the S&P 500 since the beginning of 2017. Among its top 5 holdings are Microsoft (MSFT), Apple (AAPL), Boeing (BA)—newsletter holdings that have had excellent value characteristics along the way. Visa (V) is also included in its top 10 holdings.

Even some the most bullish and optimistic investors have been surprised by the resiliency of today’s market environment. Why does it seem appropriate to remind members that the stock market doesn’t always go straight up with almost no volatility?

Discount Rates, Growth Rates, and “Skin in the Game”

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In episode 18 of his video series “Off the Cuff,” President of Investment Research Brian Nelson talks about why it is so important for you to learn the discounted cash-flow model and how to think about discount rates and growth rates within it. He also provides a few perspectives on the concept of “skin in the game,” and the areas where it might be good and the areas where it might be bad. Running time: ~12 minutes.

The New Theorem of the Stock Market

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President of Investment Research Brian Nelson talks about the new theory of the stock market and explains how syllogisms developed by Noble prize winners and the largest asset managers may not accurately reflect active management at the investor level, which Nelson argues is what matters. Running time: ~15 minutes. To view Valuentum’s updated YouTube page, please see here.  Excerpts from Value and Momentum Within Stocks, Too (Valuentum) Read the paper from the beginning here (pdf).   Tickerized for stocks in the Dow Jones Industrial Average.

Microsoft: A Dividend Growth Giant

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Image Source: Microsoft. 

Microsoft is no longer a tech dinosaur. Estimates suggest it is beating Amazon at its own game. We’re huge fans of Microsoft’s free cash flow generation and balance-sheet health and what that means for the dividend. There’s not a lot to dislike about Microsoft, and while the risks are many, few company’s have a stronger business model.

Mutual Fund Tragedy, ROE, and the Time Horizon

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Comparisons between growth versus value stocks may never go away, but President of Investment Research Brian Nelson explains why you should know better than to think stocks can easily be divided up as such. He talks about this, as well as the pitfalls of ROE (return on equity) and how to think about the time horizon. Running time: ~10 minutes.

Nelson: Is Visa the Best Company Ever?

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Image Source: Visa’s fiscal fourth-quarter 2017 earnings slide deck. 

Visa’s business model is phenomenal and its competitive advantages among the best in the world. The company’s free cash flow generation is remarkable, and it alone covers its cash dividend payment by more than 5 times. There are few companies with higher levels of profitability than Visa’s, and even fewer that also have as strong of growth potential. The company’s valuation is starting to get a little stretched, but it has the free-cash-flow generation to grow into it.