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Value Is Not Static and the Qualitative Overlay Is Vital to Our Process

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With prudence and care, the Valuentum Buying Index process and its components are carried out. Our analyst team spends most of its time thinking about the intrinsic value of companies within the context of a discounted cash-flow model and evaluating the risk profile of a company’s revenue model. We have checks and balances, too. First, we use a fair value range in our valuation approach as we embrace the very important concept that value is a range and not a point estimate. A relative value overlay as the second pillar helps to add conviction in the discounted cash-flow process, while a technical and momentum overlay seeks to provide confirmation in all of the valuation work. There’s a lot happening behind the scenes even before a VBI rating is published, but it will always be just one factor to consider. Within any process, of course, we value the human, qualitative overlay, which captures a wealth of experience and common sense. We strive to surface our best ideas for members.

Dividend Increases/Decreases for the Week Ending April 12

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Below we provide a list of firms that raised their dividends during the week ending April 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 Antero Midstream (AM): now $0.3025 per share quarterly dividend, was $0.164. Bed Bath & Beyond (BBBY): now $0.17 per share quarterly dividend, was $0.16. Clough Global Allocation Fund (GLV): now $0.1034 per share monthly dividend, was $0.1032. Clough Global Equity Fund (GLQ): now $0.1137 per share monthly dividend, was $0.1123. Clough Global Opportunities Fund (GLO): now $0.0893 per share monthly dividend, was $0.0882. Enterprise Products Partners … Read more

Dividend Increases/Decreases for the Week Ending April 13

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Firms Raising Their Dividends This Week Aon (AON): now $0.40 per share quarterly dividend, was $0.36. Automatic Data Processing (ADP): now $0.69 per share quarterly dividend, was $0.63. Bed Bath & Beyond (BBBY): now $0.16 per share quarterly dividend, was $0.15. Carnival (CCL): now $0.50 per share quarterly dividend, was $0.45. Clough Global Equity Fund (GLQ): now $0.1257 per share monthly dividend, was $0.1226. Clough Global Opportunities Fund (GLO): now $0.1031 per share monthly dividend, was $0.1013. Enterprise Products Partners (EPD): now $0.4275 per share quarterly dividend, was $0.425. First Republic Bank (FRC): now $0.18 per share quarterly dividend, was $0.17. Genesis Energy (GEL): now $0.52 per share quarterly dividend, was $0.51. Gladstone Investment (GAIN): now $0.067 per share monthly … Read more

Prepared Remarks From Nelson Exclusive Conference Call June 30

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Read President of Investment Research Brian Nelson’s prepared remarks for the yearly roundup conference call, held for Nelson Exclusive members. If you would like to subscribe to the Nelson Exclusive publication, please learn more about the publication here. The Nelson Exclusive publication does not reflect real performance. Performance is hypothetical and does not represent actual trading. Ladies and Gentlemen, Thank you very much for joining us on the first conference call for members of the Nelson Exclusive publication. The first year of the publication has surely been an exciting one for all involved. When I first wrote the introductory letter of the Nelson Exclusive on July 1, 2016, we were well-aware the market had laid down the gauntlet for this publication. … Read more

Valuentum’s 3 Breakthroughs in the Field of Finance and More

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Valuentum’s President Brian Nelson pauses for a picture before speaking at the CFA Society of Houston in March 2017. By Valuentum Editorial Staff Let’s cover Valuentum’s 3 major breakthroughs in the field of finance. The first one is big and may challenge you to rethink everything you think you know about investing. 1. On a logical framework, Valuentum has debunked John C. Bogle’s landmark syllogism that has paved the way for the concept of index investing. Index investing has been built on a logical shortcoming, whether supported by evidence or not. We think it is important that the investment community know of this. Read (pdf): The “Luck” and “Randomness” of Index Funds (2018), Brian Nelson, CFA See video documentation: /FALLACY_of_Index_Funds To … Read more

Dividend Increases/Decreases for the Week Ending April 14

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Below we provide a list of firms that raised/lowered their dividends during the week ending April 14. 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 Antero Midstream (AM): now $0.30 per share quarterly dividend, was $0.28. Citi Trends (CTRN): now $0.08 per share quarterly dividend, was $0.06. Euronext NV (EUXTF): now EUR 1.42 per share annual dividend, was EUR 1.24. Foot Locker (FL): now $0.31 per share quarterly dividend, was $0.275. Genesis Energy (GEL): now $0.72 per share quarterly dividend, was $0.71. Gladstone Investment (GAIN): now $0.064 per share monthly dividend, … Read more

Dividend Increases/Decreases for the Week Ending April 15

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Costco location in Enfield, CT. Mike Mozart Below we provide a list of firms that raised/lowered their dividends during the week ending April 15. 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 Adams Express (ADX): now $0.05 per share quarterly dividend, was $0.03. Antero Midstream (AM): now $0.235 per share quarterly dividend, was $0.22. Aon (AON): now $0.33 per share quarterly dividend, was $0.30. Carnival (CCL): now $0.35 per share quarterly dividend, was $0.30. Ciner Resources (CINR): now $0.564 per share quarterly dividend, was $0.5575. Costco Wholesale (COST): now $0.45 per share … Read more

Dividend Increases for the Week Ending April 17

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Below we provide a list of firms that raised their dividends during the week ending April 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 Blackstone Group (BX): now $0.89 per share quarterly dividend, was $0.78. CSX (CSX): now $0.18 per share quarterly dividend, was $0.16. Discover Financial Services (DFS): now $0.28 per share quarterly dividend, was $0.24. Donegal Group (DGICA): now $0.135 per share quarterly dividend, was $0.1315. Fidelity Southern (LION): now $0.10 per share quarterly dividend, was $0.09. General Motors (GM): now $0.36 per share quarterly dividend, was $0.30. … Read more

Dividend Increases/Decreases for the Week Ending April 11

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Below we provide a list of firms that raised/lowered their dividends during the week ending April 11. 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 AptarGroup (ATR): now $0.28 per share quarterly dividend, was $0.25. BNY Mellon (BK): now $0.17 per share quarterly dividend, was $0.15. Chatham Lodging Trust (CLDT): now $0.08 per share monthly dividend, was $0.07. Genesis Energy (GEL): now $0.55 per share quarterly distribution, was $0.535. Hospitality Properties Trust (HPT): now $0.49 per share quarterly dividend, was $0.48 IDEX (IEX): now $0.28 per share quarterly dividend, was $0.23. … Read more

The Mortgage Refinancing Boom Could Be Ending

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Early Wednesday morning, the Mortgage Banker’s Association (MBA) announced that refinancing activity declined 20% from one week earlier. Adjusted for the Labor Day weekend, total mortgage applications dropped 13.5% from the previous week. Consistent with the dramatic upward movement in interest rates, refinancing activity is down 71% since it peaked during the week of May 3, 2013. Why Do We Monitoring Refinancing Activity? When homeowners refinance, a couple outcomes can occur that pump more dollars into the economy. First, with a refinanced mortgage, owners may choose to take equity out of the home, allowing for large purchases like vehicles or even home remodeling. CoreLogic recently reported that 2.5 million more residential properties have returned to positive equity in the second quarter … Read more