Published Thu, 19 Mar 2020 09:03:29 -0400 on Seeking Alpha
Timing the bottom of the market is as impossible as timing the top of the market. What's more reliable is sticking to tried-and-true value investing.
For those who, like me, went into this bear market with a significant cash position, there are ample high-quality dividend stock buying opportunities out there.
Neither the coronavirus nor the mass quarantine reaction to it will last forever. There will be a future for us after COVID-19.
Now is the time to wade into the market by buying the companies that will survive and thrive in the post-coronavirus world.
I humbly suggest five themes: Going where insiders are buying, picking up some fast food, calling on telecoms, coming home to apartment REITs, and shopping for grocery-anchored retail centers.
Introduction: To Catch A Falling Knife
In September 2019, I wrote an article titled "The Rich Are Hoarding Cash, And So Should You." Indeed, all through last Fall, I advocated establishing and maintaining a decent cash position of, say, 15-20% of one's investable capital. As the market kept going up and up and up, this advice began to seem more and more and more unreasonable. In mid-February 2020, if someone had abided by my suggestion, one might well have felt embittered at the missed opportunities. There are always some who criticize the seemingly tinfoil-hat nature of calls for raising cash when times are unsustainably good.
But how many of those people sold at the top in mid-February? If they didn't sell at the top, how are they any better off than those who trimmed positions in September 2019 in order to raise some cash?
And now that I and many others are putting capital to work by buying stocks, another crowd of naysayers have come along proclaiming, "Don't try to catch a falling knife!" What searching wisdom!
These folks either (1) sincerely believe that they have the unique ability to put 100% of their dry powder into the market at the exact bottom or (2) they would rather wait until it... Read more
|Stock name||Last trade||P/E||Earnings/Share||Dividend/Share||Dividend yield|
|PLAINS ALL AM. PIPELINE||21.20||5.3||3.99||1.44||6.75|
|URSTADT BIDDLE PROPERTIES||18.43||28.8||0.64||0.98||5.33|
|URSTADT BIDDLE PROPERTIES||24.28||37.9||0.64||1.10||4.70|
|FEDERAL REALTY INVESTMENT TRUST||135.76||40.4||3.36||4.20||3.00|
|MID-AMERICA APARTMENT COMMUNITIES||128.66||62.2||2.07||3.84||3.00|
|ESSEX PROPERTY TRUST||324.02||52.2||6.21||7.80||2.43|
Older articles featuring Plains All Am. Pipeline (PAA):Whether The The Great Reach For Yield Experiment Has Failed
Dividends By The Numbers In April 2020
Dividend Cuts At The Midpoint Of April 2020
Adding 10% Yielding MLPs On This Week's 10% Dip
2020 Vision: What's The Outlook For Midstream/MLP Dividends This Year?
Occidental Petroleum: 7.5% Growing Yield From Oversold E&P Oil Company
Energy Infrastructure: Big Yields, Low Prices, And Double-Digit Total Returns
10% Yield, 26 Straight Hikes, 10% Distribution Growth For Delek Logistics Partners
Energy Transfer LP: The Best 9% Yielding Stock With A 1.8X Distribution Coverage
10% Yield, 25 Straight Hikes, 10% Distribution Growth Ahead For Delek Logistics Partners