On July 31 we were at 77 points, extreme greed. We've been going down ever since.
Yesterday was a pretty hairy day.

$WPC+0.4% is down more than 7% today on news that the board has approved a plan to exit office assets within its portfolio.
This plan includes:
1) Spin-off into a separate publicly traded REIT, with 59 office properties to be transferred to Net Lease Office Properties (NLOP).
2) Sale of office assets: 87 office properties will remain owned by $WPC+0.4% and will be sold by January 2024.

The report also mentioned a "dividend reset", which has investors fearing a potential dividend… read more

How do you currently view $ENPH+2.0%? I might be more interested in your view on any short-term moves - do we go any lower? Personally, I don't think we'll see too much growth here until the Fed pivot. Strong support should be at $110, now we just need to break the $119 level.

P/FCF: 19.59 and even the P/E ratio, which didn't look that attractive until recently, is now 31, which is very respectable for a company that is growing at such a rate. According to various sources, net… read more

Last week, some of you may also have missed the news from the marijuana industry.

Altria($MO-0.1%) raises its dividend again after a year, increasing 4.3% to $0.98/share quarterly. At the current share price, that's a 9.1% yield.

Altria now has the highest dividend yield of any tobacco company (followed by $BTI-0.5% at 9%).

But this can also be viewed negatively. Some investors would welcome more debt reduction or buybacks. Personally, I am of the same opinion.

How do you view the move?

Altria Group, Inc.

MO

$41.86 -$0.04 -0.11%

Capital Structure

Market Cap

74.4B

Enterpr. Val.

100.7B

Valuation

P/E

11.0

P/S

3.6

Dividends

Yield

9.1%

Payout

98.0%

Well, here we go. $MPW+1.0% dividend cut! ⚠️

The dividend goes from the original $0.29 per share to $0.15. That's a drop of almost 50%. The dividend cut frees up some cash that can be used for things like debt reduction.

Personally, I see this as a necessary step. Yesterday was too late.

It's been a week since my request to XTB and eToro support to add shares to their platforms (see my recent post). It was a $RICK+0.4% stock and many of you were interested in the outcome.

Unfortunately, I'm not going to make you happy, but the title was not added on either platform.
eToro only acknowledged my request. Unfortunately, I don't know if I will be informed further, but I am not getting my hopes up, as the liquidity of the stock is the main consideration, which in… read more

Tyson Foods($TSN+0.0%) wants to sell its Chinese poultry business

US meat processing and frozen food company Tyson Foods plans to sell its Chinese poultry business. This was reported by Reuters.

$TSN+0.0% has four research and development centers, several processing plants and dozens of breeding farms in China. It has been operating in the country's entire poultry sector, from breeding and slaughtering to processing and distribution, since 2001.

In June, the company started… read more

I'd like to look into Threads. A platform that was supposed to compete with Twitter and was launched on July 31st of this year.

The unfavourable economic situation in the UK has potentially presented us with fine investment opportunities. Do you have any UK favourites?

Active ExxonMobil($XOM+1.9%) board member Jeffrey W. Ubben made 2 trades earlier this week, buying a total of 650,000 shares of $XOM+1.9% stock. That's an amount worth over $69 million. That's a lot of money, don't you think? 😉

Jeffrey W. Ubben is a respected portfolio manager and co-founder of ValueAct Capital, a hedge fund that has beaten the SP500 index over the long term.
I may yet rethink that $XOM+1.9%.

How much weight do you put on insider trading in your investing?

Some information from today's Bank of England meeting:
Interest rates are expected to rise 25 points from 5.00% to 5.25%.
Further increases are in play if price pressures persist. Some of the inflation risks could start to crystallise. The BOE also raised inflation expectations for 2024 from 2.25% to 2.5% and for 2025 from 1% to 1.5%.
Further, the BoE still expects the UK to avoid recession despite slowing growth.
Traders see a 68% chance of another 25 point rate hike at the next… read more

$SOFI+2.9% was up in pre-market thanks to another great quarter.
They posted a loss of 6 cents per share, which was 1 cent less than expected. Revenues also beat expectations.

What is key, however, is the increase in FY2023 guidance EBITDA to $333-$343 million from the previous $268-$288 million and a 44% year-over-year increase in users. Personal loans also grew in a big way (+51% yoy). Nice numbers.

I came across this nice chart yesterday that shows us that the energy sector is the cheapest sector relative to profitability. It also generates the largest amount of cashe. Healthcare doesn't look bad either.

I have a feeling that somehow the bag of investors in $STLA-0.6% has been ripped open (probably due to very satisfactory results). Beware, it's not Tesla, but Stellantis - the world's fourth largest automaker in 2022.
And if you haven't heard of this holding company, here are some brands you'll be familiar with.