Once you buy a home and move in that’s it for spending. All major appliances work at 100% efficiency. Your significant other doesn’t think anything needs to be upgraded or replaced. The landscape is immaculate and doesn’t require any redesigning…. Read More
You’re sitting inside the cockpit of a converted ICBM missile about to be launched into space. The last 7 times NASA test launched this rocket it was a success, but the first 20 test launches had a 45% failure rate…. Read More
Even when the stock market is showing signs of excess there are always pockets of value. One of those pockets at the start of 2021 was the defense industry. We added the stock of Northrop Grumman to our dividend growth… Read More
A year ago we bought Discover Financial Services (DFS) when it was trading at a deep discount to our estimate of fair value. Discover was trading at a deep discount because of the pandemic market panic and fears of the… Read More
The Coronavirus market panic created an opportunity for us to buy companies we’ve wanted to own at great prices. Discover Financial Services (DFS) was one of them. Consumer financial stocks were hit hard during the market panic. Discover Financial dropped… Read More
The defense sector consistently generates high returns on equity and invested capital and Northrop Grumman is no exception. And the defense sector has a history of consistently returning large amounts of capital back to its shareholders. Over the last 10… Read More
Saying that the stock market is showing signs of excess is an understatement. Exhibit 1: This chart via Jim Bianco is the Goldman Non-Profitable Technology Index. Exhibit 2: This family is selling their home to invest in stocks. Exhibit… Read More
Glenn breaks down our position in American Tower (AMT). Its dividend history and safety The 2 major secular growth trends driving its future returns and dividend growth The switching costs and operational leverage of the tower business The risks And… Read More
Early last week we sold Pfizer across all accounts invested in our dividend growth strategy.* We initially invested in Pfizer because it was undervalued, had an above average dividend yield, was growing its dividend, and it looked like the company… Read More
The Texas and Pacific Railroad earned a charter in 1871 to connect West Texas to California. Jay Gould, the infamous Robber Baron, took control of the company in 1876 and completed the rail line. The successful completion unlocked the 3.5… Read More
For those of you who have been paying into Social Security for your entire working careers, the day when you finally retire and begin