måndag 29 augusti 2011

Lästips v34

Chuck Carnevale
"frightened investors are fleeing to the safety of Treasury bonds at the precise time when the risk of owning them is perhaps the highest in recorded history.  This is especially true for the long bond, but also applies to shorter-term bonds. If bond yields were to move back to historical normal levels, the market value of longer-term Treasury bonds could easily be cut in half. [...]  

In the meantime, the common stock of Johnson & Johnson (JNJ), a company which now has a higher credit rating than the US government, is trading at its lowest valuation in more than 20 years. Consequently, this Dividend Champion, which has raised its dividend every year for 49 years running, currently offers a dividend yield that is higher than the interest yield you can receive on a 30-year Treasury bond.  When you consider that the Treasury bond’s yield is fixed while Johnson & Johnson (JNJ) offers a legacy of growth yield (increasing yield on cost), the choice seems so obvious.  Nevertheless, it's the Treasury bond that investors are currently flocking to.

Analys av USAs största sopbolag. Munken tycker att WM har en stark affärsmodell och att aktien är rimligt värderad.

Spartacus Invest
Spartacus skriver om Fredrik Lundbergs investeringsfilosofi samt om Lundbergs historik. Bra komplement till min mer numeriska analys tycker jag.

Stockman drar paralleller mellan dagens situation och 30-talet.

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