The recent history of Walt Disney stock (NYSE: DIS) provides a good deal of valuable insight into long-term investing. Take the most recent twenty year period as a good illustration. Back in the late-1990s/early-2000s Disney shares were exceedingly expensive based on pretty much any valuation metric. Indeed, it was fairly common to see the stock trading well above 30x annual…

Earlier in the year I wrote a piece setting out the investment case for New York Community Bancorp (NYSE: NYCB). The short version: this a reliably conservative bank throwing off a decent dividend. At the time its shares traded for around $12.70 each. Factor in annual earnings per share of $0.80; a dividend of $0.68 per share; plus book value…

Depending on how you look at it AT&T (NYSE: T) stock is either incredibly cheap or not that cheap at all. Supporting the argument in favor of the former point of view are a couple of undeniable facts. Firstly, the stock’s price-to-earnings ratio is way below its historical average. Based on last year’s normalized profit per share figure ($3.05) and…

Cosmetic giant Estée Lauder (NYSE: EL) has been one of the best performing consumer stocks of the past decade. To steal a phrase from Peter Lynch its share price has more than ten-bagged since the bull market began in 2009. In fact, every dollar invested back in March of 2009 would be worth at least twelve dollars today. Actually that…

Tracking the fortunes of Kraft Heinz stock reminds me of a well known investing article penned by Warren Buffett for Forbes. The title – You Pay A Very High Price In The Stock Market For A Cheery Consensus – seems pretty apt given what we know about blue chip stocks. I mean it is rare for very good businesses to get cheap…

In general tracking share price charts seems a very unhealthy way to approach investing. By that I mean that you can pick the best companies in the world – the ones that have produced double digit annual returns over sixty plus years – and always find periods in which the stock tanked or performed poorly vis-a-vis peers or some benchmark…

The dividend millionaires mentioned on the site usually fit a certain profile. They tend to be long-lived, frugal to the point of obsession and childless. In fact in most cases the eccentricities of these people are probably what drives them to accumulate all that wealth. Without them we probably never hear their stories. Jack Gsantner: Dividend Millionaire was last modified:…

Around ten months ago I wrote a piece on the case for a dividend cut at Anheuser Busch InBev. Well, it turns out that the company has gone and done just that. Alongside its Q3 2018 results the beer giant announced that it was slashing its dividend in half. From now on the annual pay-out will be €1.80 per share…