What Did You Buy Today?

[fenders53]

(05-08-2020, 09:05 AM)divmenow Wrote:

(05-08-2020, 08:57 AM)fenders53 Wrote:

(05-08-2020, 08:42 AM)divmenow Wrote:

(05-08-2020, 06:17 AM)fenders53 Wrote:

(05-07-2020, 05:07 PM)crimsonghost747 Wrote: I've been looking at selling RTX puts too.
Need to look at the report they just released first though, it'll be crucial to see just how bad things are over on the commercial aircraft side.

I just spent about an hour on the quarterly.  I'd definitely appreciate some feedback from you.  If you don't feel like a thread please PM me.  The Q1 financial reports include CARR and OTIS so not all that helpful as this is the first for RTX.  The CC transcript was informative and alarming, and I am not just being my usual bear.  After you review tell me what I got wrong.  Here is what I gleened.....

-FCF will be sufficient to cover the dividend.  There will be no buybacks this year.  Liquidity is fine.  They still plan 18-20B in shareholder return, may have to stretch it out to four yrs instead of the three they announced last summer.  

-Commercial air is roughly 50% of RTX revenue when that sector is functional.  (Pratt Whitney and Collins Aerospace).  They project that biz will be reduced 50% and slowly recover back to 2019 levels within three years.  Collins is shipping NOTHING to BA at this time, which I believe is their largest customer.  They are supporting their supply chain so they stay in business.     

-Defense is doing fine if oil recovers some so S.A. can continue to award contracts.  They seem optimistic.

-It seems likely the next few quarters will be ugly.  Downgrades won't surprise me.  I'm impressed with management.  I am sticking around but I am glad this is not a full position yet.

RTX will go higher. Look at DIS that one has gone up $8 in just a few days on bad earnings and future looks dim over the next year or so.

The market will reward you don't worry lol   

In all serious RTX was bad from the beginning. No one liked the merger. Raytheon is a great company where as UTX is not especially with planes not being made. They will suffer for a while. But with patience this is a $100+ stock in a few years. 

I would much rather be in LMT, LHX or NOC

I have plenty of Defense.  The UTX remaining holdings are excellent quality and will contribute, it's just going to be a very long minute or two.  Nothing wrong with what they spun off either, it's just cyclical and slower growth long-term.  Nobody knew the airline industry was going to vaporize like it hasn't in 70 years.  I am not trying to talk anybody out of their RTX position.  Reading reports is a good thing.  Most of the analysts are only good for spewing random and meaningless price targets that will change from month to month.  It's my intent to spend a lot more time doing DD on my true core holdings.  It will entertain me if nothing else.

I love the defense stocks. It’s always been my favorite sector and it’s my most over weighted sector. I was born with a plane in my hand lol. But it’s going to take time for this sector to take off. No pun intended   

CARR announced today they will not be paying a dividend for now!

That surprised me some, but I wondered.  A cyclical BIZ in a horrible economic climate, and RTX slipped a bunch of debt in their suitcase when they sent them off.

[fenders53]

There are a number of industrials I wish to at least have a decent sized position in but I just can't allow wishful thinking to allow more than a tiny position today. CAT, Honeywell, Parker Hannifan, Deere. Wonderful companies long-term but the market is pretending like those industries will be in good shape in a couple months. It's just not going to happen. I was amazed MMM had a decent quarter but I guess the CV19 showed up late in Q1.

CBRL is going momo again two days after I closed my short. Traders just own it. Let them run it up stupid again. I'm ready

[Binary]

(05-08-2020, 09:41 AM)fenders53 Wrote:

(05-08-2020, 09:05 AM)divmenow Wrote:

(05-08-2020, 08:57 AM)fenders53 Wrote:

(05-08-2020, 08:42 AM)divmenow Wrote:

(05-08-2020, 06:17 AM)fenders53 Wrote: I just spent about an hour on the quarterly.  I'd definitely appreciate some feedback from you.  If you don't feel like a thread please PM me.  The Q1 financial reports include CARR and OTIS so not all that helpful as this is the first for RTX.  The CC transcript was informative and alarming, and I am not just being my usual bear.  After you review tell me what I got wrong.  Here is what I gleened.....

-FCF will be sufficient to cover the dividend.  There will be no buybacks this year.  Liquidity is fine.  They still plan 18-20B in shareholder return, may have to stretch it out to four yrs instead of the three they announced last summer.  

-Commercial air is roughly 50% of RTX revenue when that sector is functional.  (Pratt Whitney and Collins Aerospace).  They project that biz will be reduced 50% and slowly recover back to 2019 levels within three years.  Collins is shipping NOTHING to BA at this time, which I believe is their largest customer.  They are supporting their supply chain so they stay in business.     

-Defense is doing fine if oil recovers some so S.A. can continue to award contracts.  They seem optimistic.

-It seems likely the next few quarters will be ugly.  Downgrades won't surprise me.  I'm impressed with management.  I am sticking around but I am glad this is not a full position yet.

RTX will go higher. Look at DIS that one has gone up $8 in just a few days on bad earnings and future looks dim over the next year or so.

The market will reward you don't worry lol   

In all serious RTX was bad from the beginning. No one liked the merger. Raytheon is a great company where as UTX is not especially with planes not being made. They will suffer for a while. But with patience this is a $100+ stock in a few years. 

I would much rather be in LMT, LHX or NOC

I have plenty of Defense.  The UTX remaining holdings are excellent quality and will contribute, it's just going to be a very long minute or two.  Nothing wrong with what they spun off either, it's just cyclical and slower growth long-term.  Nobody knew the airline industry was going to vaporize like it hasn't in 70 years.  I am not trying to talk anybody out of their RTX position.  Reading reports is a good thing.  Most of the analysts are only good for spewing random and meaningless price targets that will change from month to month.  It's my intent to spend a lot more time doing DD on my true core holdings.  It will entertain me if nothing else.

I love the defense stocks. It’s always been my favorite sector and it’s my most over weighted sector. I was born with a plane in my hand lol. But it’s going to take time for this sector to take off. No pun intended   

CARR announced today they will not be paying a dividend for now!

That surprised me some, but I wondered.  A cyclical BIZ in a horrible economic climate, and RTX slipped a bunch of debt in their suitcase when they sent them off.

Was the no-div announced on the call? If so, that is practically a div cut for UTX shareholders

[divmenow]

(05-08-2020, 10:08 AM)Binary Wrote:

(05-08-2020, 09:41 AM)fenders53 Wrote:

(05-08-2020, 09:05 AM)divmenow Wrote:

(05-08-2020, 08:57 AM)fenders53 Wrote:

(05-08-2020, 08:42 AM)divmenow Wrote: RTX will go higher. Look at DIS that one has gone up $8 in just a few days on bad earnings and future looks dim over the next year or so.

The market will reward you don't worry lol   

In all serious RTX was bad from the beginning. No one liked the merger. Raytheon is a great company where as UTX is not especially with planes not being made. They will suffer for a while. But with patience this is a $100+ stock in a few years. 

I would much rather be in LMT, LHX or NOC

I have plenty of Defense.  The UTX remaining holdings are excellent quality and will contribute, it's just going to be a very long minute or two.  Nothing wrong with what they spun off either, it's just cyclical and slower growth long-term.  Nobody knew the airline industry was going to vaporize like it hasn't in 70 years.  I am not trying to talk anybody out of their RTX position.  Reading reports is a good thing.  Most of the analysts are only good for spewing random and meaningless price targets that will change from month to month.  It's my intent to spend a lot more time doing DD on my true core holdings.  It will entertain me if nothing else.

I love the defense stocks. It’s always been my favorite sector and it’s my most over weighted sector. I was born with a plane in my hand lol. But it’s going to take time for this sector to take off. No pun intended   

CARR announced today they will not be paying a dividend for now!

That surprised me some, but I wondered.  A cyclical BIZ in a horrible economic climate, and RTX slipped a bunch of debt in their suitcase when they sent them off.

Was the no-div announced on the call? If so, that is practically a div cut for UTX shareholders

Yes it was. They said they will not be paying a dividend until things improve and get back to normal.

[Binary]

(05-08-2020, 10:13 AM)divmenow Wrote:

(05-08-2020, 10:08 AM)Binary Wrote:

(05-08-2020, 09:41 AM)fenders53 Wrote:

(05-08-2020, 09:05 AM)divmenow Wrote:

(05-08-2020, 08:57 AM)fenders53 Wrote: I have plenty of Defense.  The UTX remaining holdings are excellent quality and will contribute, it's just going to be a very long minute or two.  Nothing wrong with what they spun off either, it's just cyclical and slower growth long-term.  Nobody knew the airline industry was going to vaporize like it hasn't in 70 years.  I am not trying to talk anybody out of their RTX position.  Reading reports is a good thing.  Most of the analysts are only good for spewing random and meaningless price targets that will change from month to month.  It's my intent to spend a lot more time doing DD on my true core holdings.  It will entertain me if nothing else.

I love the defense stocks. It’s always been my favorite sector and it’s my most over weighted sector. I was born with a plane in my hand lol. But it’s going to take time for this sector to take off. No pun intended   

CARR announced today they will not be paying a dividend for now!

That surprised me some, but I wondered.  A cyclical BIZ in a horrible economic climate, and RTX slipped a bunch of debt in their suitcase when they sent them off.

Was the no-div announced on the call? If so, that is practically a div cut for UTX shareholders

Yes it was. They said they will not be paying a dividend until things improve and get back to normal.

Great, so what do they want to do with that pile of free cash they were so proud of?

[fenders53]

(05-08-2020, 10:08 AM)Binary Wrote:

(05-08-2020, 09:41 AM)fenders53 Wrote:

(05-08-2020, 09:05 AM)divmenow Wrote:

(05-08-2020, 08:57 AM)fenders53 Wrote:

(05-08-2020, 08:42 AM)divmenow Wrote: RTX will go higher. Look at DIS that one has gone up $8 in just a few days on bad earnings and future looks dim over the next year or so.

The market will reward you don't worry lol   

In all serious RTX was bad from the beginning. No one liked the merger. Raytheon is a great company where as UTX is not especially with planes not being made. They will suffer for a while. But with patience this is a $100+ stock in a few years. 

I would much rather be in LMT, LHX or NOC

I have plenty of Defense.  The UTX remaining holdings are excellent quality and will contribute, it's just going to be a very long minute or two.  Nothing wrong with what they spun off either, it's just cyclical and slower growth long-term.  Nobody knew the airline industry was going to vaporize like it hasn't in 70 years.  I am not trying to talk anybody out of their RTX position.  Reading reports is a good thing.  Most of the analysts are only good for spewing random and meaningless price targets that will change from month to month.  It's my intent to spend a lot more time doing DD on my true core holdings.  It will entertain me if nothing else.

I love the defense stocks. It’s always been my favorite sector and it’s my most over weighted sector. I was born with a plane in my hand lol. But it’s going to take time for this sector to take off. No pun intended   

CARR announced today they will not be paying a dividend for now!

That surprised me some, but I wondered.  A cyclical BIZ in a horrible economic climate, and RTX slipped a bunch of debt in their suitcase when they sent them off.

Was the no-div announced on the call? If so, that is practically a div cut for UTX shareholders

I am thinking so but you have to do the math of course.  RTN holders got a small raise in the end.  Things changed since this plan was hatched  and now you have a CARR CEO that has to worry about his company surviving in uncertain times.  It makes CARR shares less attractive for sure. From here anyway. Stock already had a nice run since the spin.

[divmenow]

Bought 50 shares of ED at $72.90. Got in right before the ex dividend date as well on 5/12.

I'm hoping to take a full position in the coming weeks

[fenders53]

(05-08-2020, 10:55 AM)divmenow Wrote: Bought 50 shares of ED at $72.80. Got in right before the ex dividend date as well on 5/12.

I'm hoping to take a full position in the coming weeks

Over time I will collect the whole set of UTEs.     Seriously though, it's been hard to mess this up for a few years now.  As long as you buy one with an above average Div, all you have to do is wait for them to dip some.  They can make all kinds of mistakes and as long as the Div is safe they run back up well enough with the good ones.   

I better go check out ED lol.

[EricL]

Sold out of my IBM position, and used the proceeds to add to BMY and AVGO.

Back down to 50 positions in the portfolio.

[fenders53]

(05-08-2020, 11:05 AM)EricL Wrote: Sold out of my IBM position, and used the proceeds to add to BMY and AVGO.

Back down to 50 positions in the portfolio.

I like that trade.  I am struggling to get down to 40 soon.  I think 35 is the goal. Maybe 30 plus my UTE collection is more realistic.     

Sold an LHX put, 175 strike expires next Friday.  Probably won't be exercised but the premium was nice.  I should spend the money on a couple more UTE shares.

[divmenow]

I did something I rarely do. Buy a non dividend stock lol

Bought some PINS.. I like the future and figure at these levels why not lol

The only other none dividend stocks I own are FB, ADBE, CRM and PYPL. I can dd PINS to that list and hope that one day will be a performer like those 4 lol

I have been watching WORK too but miss that one.

Added to ABBV - It was between this and BMY and choose the better dividend player. But you cant go wrong with either name. Both have a bright future.

[fenders53]

Added significantly to my WTRG position. I've been trading it some through the volatility but this is one I wish to own for years so I got a little more serious today.

Divmenow, I probably shouldn't have but I sold my AMZN for now. I think I am fresh out of no Div stocks for the moment.