Money and Finance
Phil Fisher quote
From
Common Stocks and Uncommon Profits:
Not even the most outstanding growth companies need necessarily be expected to show sales for every single year larger than those of the year before. In another chapter I will attempt to show why the normal intricacies of commercial research and the problems of marketing new products tend to cause such sales increases to come in an irregular series of uneven spurts rather than in a smooth year-by-year progression. The vagaries of the business cycle will also have a major influence on year-to-year comparisons. Therefore growth should not be judged on an annual basis but, say, by taking units of several years each. Certain companies give promise of greater than normal growth not only for the next several-year period, but also for a considerable time beyond that.
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Wsj: Albert Edwards Has Another Reason You Should Worry About Profits
Last week the BLS revised the unit labor cost rise in Q2 up from 2.2% to 3.3% quarter over quarter. US non-farm business unit labour costs are now rising by 2% year over year. That is very bad news for profits. Bad news for equities. And because the pace...
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Dividend Growth Checkup - Part Ii
Earlier this month I checked up on the overall dividend growth rate for my portfolio and you can find that article here. I like to take quarterly or annual looks at the organic dividend growth rate for my portfolio to get a "big picture" view of how the...
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Dividend Growth Checkup
A little over a year ago I wrote a post discussing how to properly calculate the dividend growth rate of your portfolio. Most likely each company you own makes up a different weight in your portfolio so just using a straight average won't suffice....
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Weekly Roundup - November 2, 2013
This week meant it was back to the grind of work. Which, after the fun of water line problems that I went through the last time I was home, work actually brought a much needed relief from the hassle that I had to deal with. Although if I had the option,...
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Recent Buy
Earlier this afternoon I purchased 45 shares of Aflac (AFL) for a $50.15 each. After commission, my cost basis is $50.33 per share. These shares will provide an extra $63 in annual dividends before reinvestment or future dividend increases. Aflac...
Money and Finance