What Did You Buy Today?

[Kerim]

(08-23-2019, 01:55 PM)Kerim Wrote:

(08-21-2019, 11:03 AM)stockguru Wrote: What do you all think of BEN?

Yield at 3.8% now and PE of 10. Looks cheap

Also on another note: Do you realize this site is not secure? Its still running on http. Shouldn't it be https???

I'm still a fan of BEN, though perhaps that's just confirmation bias or something. Last I checked in, even with the declining AUM, they were generating a lot of free cash and buying shares back aggressively. I'll try to do a detailed update soon and will post my thoughts. Also note that the posted yield is usually a bit to a lot understated, since they periodically supplement the boring quarterly dividend with a special dividend of some kind.

As to the site security, yeah. I'm not very technically proficient, and am always short on time, so I never quite get around to learning more about stuff like that. Any of our regulars know much about such matters and want to give me some advice?

Thanks.

Just updated my spreadsheet on BEN, and I'm feeling pretty good about it. Yeah, hard to not worry about it in the long term, but for now, it is still generating good cash. Low EPS and way above-average (for BEN) yield, and payout ratio -- while well above BEN's historical average -- is still very manageable in the low 40s. They're still buying back shares aggressively, and most pleasantly, while AUM continues to drift down a bit, it isn't falling quickly like it was in the 2014-2016 time frame. I'm underwater, and may use this opportunity to average down, either through outright purchase, or maybe sell some puts.