Tag Archives: BEN

Oh How I Wish Janet Yellen Was On A Testosterone Boosting Regime.

.Anura Guruge December 2014 thumbnail


by Anura Guruge

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Don’t get me wrong, I like Janet Yellen and was totally supportive of her replacing Dear Ben as the Federal Reserve Chairperson. What is there not to like about her?

BUT after yesterday’s momentous decision by the Fed’s NOT to raise the Fed Interest Rate I just wish she had more testosterone in her system. What we saw yesterday is the, rightly, much vaunted trait of females not to be as aggressive, confrontational and ‘in your face’. BUT in this case that is really what we needed. We needed Janet to be a Margaret Thatcher or my Aunty Bandaranaike — strong female leaders that were willing to make hard decisions.

We need to get this interest rate fiasco out of the way!

To be honest it bothers me NOWT! As somebody with an incurable addiction to option trading I LOVE the market volatility. Large market swings make me smile all day — not that I am not smiling most of the time anyway. I just feel bad for those that just ride the market and watch helpless when their IRA goes down. I just heard on CNBC this morning, bamboo stake up his derrière, “I tell God what to think every morning”, Ken ‘pompous’ Langone, bemoan how the ‘zero’ interest rates are crippling retirees on a ‘fixed income’. I had to laugh. Typical of bloody Langone. Clueless. I am retired BUT I wish my income was ‘fixed’. SMILE. Never understood that expression. “Fixed Income”. If you are salaried aren’t you also on a ‘fixed income’? Well, what can I say?

This interest rate ‘fear’ is such a joke. 0.25% or even 1% Fed interest rates are NOT going to kill anyone. They will, as CNBC correctly points out, NORMALIZE matters — and the markets — and GET one unnecessary Ken Langone like gorilla ‘out of the room’.

So PLEASE Janet go get some shots. Lets raise this damn rate SOON — definitely before Christmas. PLEASE let us NOT go into 2016 with this hanging over the market.

I just do NOT know whether I could tolerate that much FUN!

Janet, I am sure your Health Insurance will cover the costs of the shots. If NOT I will, on behalf of the entire World, gladly pay for them.

Special Dividend Extravaganza This Coming Week.

Anura Guruge, laughing, picture November 16, 2011.


by Anura Guruge

This might only be of interest to active investors, and if you are as such you probably know much more about this than me. Given that I try to follow the market (though it does me no good) and keep abreast of financial news I have been hearing about ‘special dividends‘, more or less on a daily basis, for the last three weeks. I think it started with Winn Resorts special dividend before Thanksgiving. I missed that. What I am finding is that notification and reporting of special dividends is haphazard at best. That is really the motive for this post. I have been trying, since Thanksgiving, to keep track of what special dividends are in the offing, their ‘yield’ and most importantly the ‘ex-date’ by which you need to get in. I have been appalled by the lack of accuracy that I have seen on some of the financial sites, e.g., getting the ex-date mixed up with the payment date! So, yesterday afternoon, around 3:30pm I decided to compile a quick spreadsheet of what I think is coming up over the next couple of weeks.

As I was compiling the list, while checking the prospect of that stock against ‘Marketwatch‘, I was horrified to realize that AOL and SEM who were both giving out an attractive yield had an ex-date on December 3. That was Monday. Buying the stock on Monday would be too late. To get those specials you had to buy the stock on Friday — and there was only about 25 minutes left of the normal trading day. My first priority however was to call up my 20 year old son. Over the last 6 months he has decided that he wants to play the market. He has all the attributes to be very good at it unlike the father who is a proven dud. He plays chess at a very high level, and to me that skill set has to translate into also playing the market. [He is a junior at Wheaton College (MA) majoring in English in the hope of becoming a lawyer.] He has had mixed success so far given that the last six months have been brutish to say the least. He wasn’t there, so I had to leave him a v-mail. That didn’t leave me much time to do anything before the markets closed. C’est la vie. The joys of being a father.

Anyway, I put together this spreadsheet of the special dividends that I am aware of — and checkout ‘AWARE‘ at the bottom. As far as I can tell this should be accurate. I tried to check out the rates and ex-div dates from the original filings. My real value-add was that I computed realistic ‘yields’ for the specials, marking up the stock price to reflect what it might be by next week. I am not sure whether I will do anything in terms of buying any of these stocks for the dividend. Not sure what the ex-dividend consequences will be for the stock. In theory, special dividends are not backed into the price of the stock, as is the case with standard dividends. That said, I am expecting that most of these stocks will see some kind of price drop after the ex-div date — even if temporary. And then there is the looming ‘Fiscal Cliff’. I am amazed that the market has not had more convulsions. I had expected another 200 point drop last week; yet again demonstrating that I have no clue as to how the market woks. All that said, I will not be surprised if we see 600 point day, up or down, before January 1, 2013.

Anyway, here is my list. I would use ‘Marketwatch‘ to check out the stock. I have highlighted the ones that seem attractive to me, but given my luck and skill it might be best to avoid those and concentrate on the ones that I overlooked. GYRO looks too good to be trust. Costco is likely to do well, with or without the dividend, especially with the Joe Biden endorsement of yesterday. Movado might be a safe bet, as might Lancaster Colony.

December 2012 special dividend list with yields.