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Phillip Morris International Ups Dividend 17%

29 Aug 8:54am
Posted by ToddSullivan
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The current yield at the new level is 4%The Board of Directors of Philip Morris International Inc. (PM) today increased the company’s regular quarterly dividend by 17.4%, to an annualized rate of $2.16 per common share.The new quarterly dividend of $0.54 per common share, up from $0.46 per common share, is payable on October 10, 2008, to stockholders of record as of September 15, 2008. The ex-dividend date is September 11, 2008.This is a rock solid yield on a company growing earnings in the mi...
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SHLD...Updated "Short" Math

29 Aug 7:52am
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Some updated Short Math...Holder Name---Shares---%ESL Investments, Inc.---65,639,184---51.0%Fairholme Capital Management LLC---16,110,090---12.5%Legg Mason Capital Management, Inc.---12,503,168---9.7%Pershing Square Capital Management---6,746,568---5.2%ClearBridge Advisors---4,789,523---3.7%Perry Capital---2,694,95---22.1%Davis Advisors---2,020,96---11.6%Dalal Street, Inc.---517,608---0.4%T2 Partners Management LP---50,625---0.0%Greenlight Capital, Inc.---11,240---0.0%Total held by above---111...
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Sears Holdings 10-Q Notables

29 Aug 7:40am
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Some very interesting items in this mornings 10-Q from Sears Holdings (SHLD). Short Term Borrowings:Credit Agreement"We have a $4.0 billion, five-year credit agreement (the “Credit Agreement”) in place as a funding source for general corporate purposes, which includes a $1.5 billion letter of credit sublimit. The Credit Agreement, which has an expiration date of March 2010, is a revolving credit facility under which Sears Roebuck Acceptance Corp. (“SRAC”) and Kmart Corporation are the borrower...
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GDP Revised Up to 3.3%........Economists?

29 Aug 7:29am
Posted by ToddSullivan
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This is an update to a post the other day when Durable Goods was released. Watch the video: Now, economists were shocked when Q2 GDP came in at 2.7% because they were anticipating growth of under 2%. This isn't a scenario where I am harping because they were a at 3.0$ and it came in at 3.3%. we are talking about error rates here in excess of 50%. Don't forget they expected durable good to be DOWN .4% and they were UP 1.4%.These are fantastic error margins and when you combine the two, it...
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Dinallo on MBIA / FGIC Deal

29 Aug 7:27am
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If MBIA (MBI, Ambac (ABK) or FGIC fail, it won't be because the NYC Insurance Commissioner did not do all he could to assure their survival. Berkshire Hathaway (BRK.A) was a bidder for the book also. I think those who are still short on MBIA or Ambac have seen the most of their gains. If the NYC Insurance Dept. has not moved to force actions from either company that would wipe out shareholders at this point, I don't think one should be thinking they will.Dinallo does make the point that ...
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ToddSullivan

A Massachusetts based value investor, I look for companies whose current valuation is at a discount to their true value. When I purchase a stock, my typical holding period is several years. I consider buying a stock purchasing a piece of a business. I am confident once I make a decision to buy that eventually the market as a whole will recognize the true value of the business and value it accordingly. It may take 1 month, 6 months or a year, but if I buy it at enough of a discount to its true value my results will be (and have been) superior to the market as a whole. Of all the disparate investing disciplines, value investing has stood the test of time. The great investors of have all been value investors. Warren Buffett, Ben Graham, Bill Ruane (Sequoia Fund), Bill Miller and Wally Weitz, all have consistently outperformed the market for decades by using various forms of value investing. Currently I am a contributing writer to Seeking Alpha, Vinvesting.com, The Stock Masters and Value Investing News. Posts have been reprinted in The Wall St. Journal, Yahoo Finance, Google Alerts, Google Finance, TheStreet.com. 24/7 Wall St. and Topix.net.

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