Hedge Fund Manager Bets Big on Health Insurers
Hedge fund manager David Einhorn established positions in several large health insurers. We like the move, but prefer the Healthcare Select Sector SPDR (XLV).
AET
Dividend Increases/Decreases for the Week Ending December 6
Below we provide a list of firms that raised their dividends during the week ending December 6. 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 Agree Realty (ADC): now $0.585 per share quarterly dividend, was $0.57. Alexandria Real Estate Equities (ARE): now $1.03 per share quarterly dividend, was $1.00. Bank of Montreal (BMO): now CAD 1.06 per share quarterly dividend, was CAD 1.03. Bristol-Myers Squibb (BMY): now $0.45 per share quarterly dividend, was $0.41. Buckle (BKE): now $0.30 per share quarterly dividend, was $0.25. C.H. Robinson Worldwide (CHRW): now $0.51 per … Read more
Dividend Increases/Decreases for the Week Ending February 17
Below we provide a list of firms that raised/lowered their dividends during the week ending February 17. 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 AdvancePierre Foods (APFH): now $0.16 per share quarterly dividend, was $0.14. Aetna (AET): now $0.50 per share quarterly dividend, was $0.25. Analog Devices (ADI): now $0.45 per share quarterly dividend, was $0.42. Auburn National Bancorporation, Inc. (AUBN): now $0.23 per share quarterly dividend, was $0.225. Barrick Gold (ABX): now $0.03 per share quarterly dividend, was $0.02. Buckeye Partners (BPL): now $1.2375 per share quarterly dividend, was … Read more
CVS Health at the Crossroads, Too Much Debt
We have been disappointed with the lack progress displayed by CVS Health thus far in 2017. We knew the business was entering into an earnings trough as a result of key contract losses, but recent events have unfolded that, in our view, have lessened the attractiveness of its business model, to a meaningful degree. Let’s talk more about what’s happening at CVS Health, the changing PBM market, Amazon’s threat, and too much leverage. We’re not overreacting, but we’re not happy either. By Alexander J. Poulos “CVS Health hasn’t performed as we would have hoped during 2017, and frankly, it has been hit by a storm of negativity, not the least of which has been caused by the disruptive threat of … Read more
Cisco Rallies Big Time!
Image shown: Performance of the S&P 500 (SPY) since August 2017. As US equities continue their newly-found volatility, let’s take a look at some recent earnings reports and other developments around the markets. Cisco, the workhorse of both simulated newsletter portfolios, put up a fantastic report and upped its dividend. Berkshire continues to love Apple, and we maintain the view that the 10-year Treasury rate may be the greatest determinant of how well stocks perform in the coming decades. Airlines, garbage stocks, the “gas tax,” and more. By Kris Rosemann and Brian Nelson, CFA Do you know how happy it makes us to say that Cisco (CSCO) has been a staple of both the simulated Best Ideas Newsletter portfolio and … Read more