Stock Picks – August 13, 2018

Stock pick

I believe one of the best deals currently is AT&T (NYSE:T 32.24 +0.22 +0.69%). When something thinks of AT&T they typically think of a telecommunication company, which sells cell phone service, telephone lines, fiber connections, perhaps satellite TV (DirecTV), cable TV, and over the top TV (DirecTV Now and Watch TV). In other words AT&T is a content connector. They connect you to content.

And this assessment of AT&;T would be right, if this was still May. In June, AT&T morphed from being a content connector into being a content connector AND a content provider with the purchase of Time Warner (known post merger as Warner Media). AT&T now owns power house brands such as HBO, Cinemax, Turner Broadcasting (TBS, TNT, CNN, Turner Classic Movies, Cartoon Network, Bloomberg, and TruTV) , Warner Brothers (one of the big 6 film studios), DC Entertainment/ DC Comics, and much more. They operate NBA.com and NBA TV, NCAA.com, PGATour.com, PGA.com, and much more.

Check out this list of assets now owned and controlled by AT&T.

This merger now makes AT&T the 5th largest company in the United States, and one of the largest in the world. However, Wall Street, while knowing about the merger doesn’t seem to understand what AT&T just did and the moat they just created. For a quick exercise look up T on the stock brokerage of your choice and read the company profile. There is basically no mention of the WarnerMedia subsidiary. Basically Wall Street is comparing them to Verizon (VZ 54.97 +0.25 +0.46%), Centurylink (CTL 22.92 -0.02 -0.09%), etc, when really they are a combination of Verizon and Disney (DIS 112.02 +0.10 +0.09%).

AT&T closed slightly down on Friday to $32.26 a share. They are down -15.6% over the last 52-weeks, and nearly at their 52-week low. They are slightly above their 90-day moving average ($31.87) and below their 200-day moving average ($34.11).

AT&T pays an amazing dividend of $2 per year (current yield 6.17%), which they have continuously paying (and increasing) for the past 34-years!
This is the second time I am choosing T as a MikesStockPick. I previously purchased shares for $31.07 in July and for $31.965 in August.

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Stock Picks – July 26, 2018

Stock Pick # 1

I recently purchased shares of MongoDB Inc ((MDB 81.55 +2.90 +3.68%). MongoDB Inc was originally founded in 2007 and is the developer of the MongoDB database. I use MongoDB in some of the technology that I sell and service and their popularity continues to grow. They are still a small company but growing fast, having basically doubled year to date in 2018 and I believe this growth is not slowing down, but will continue for many years. I paid $57.54 a share.

Stock Pick # 2

Yesterday I purchased shares of Beasley Broadcast Group Inc (BBGI 7.70 +0.15 +1.99%), a large radio station ownership group. They were originally founded in 1961 and have been publicly traded since 2000. Beasley owns and operates 65 stations in 13 radio markets, including Las Vegas (where they have 5 radio stations). Their stock has recently fallen on news that one of their major shareholders was selling a bunch of stock, below what the market price was at the time, to help fund the purchase of a new radio station. Investors seemed worried that the stock would get diluted with a new offering, but it was as not a new offering this seemed to be a case of market over reaction. I purchased it for $6.90 per share.

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May 2015 Stock Picks

On March 12, 2015, I purchased some stock in Tesla (Nasdaq:TSLA). As of the time I write this post, this stock has increased in value 29.91%, a great return for just over 2-months of ownership.

On November 12, 2014, I purchased some shares in the mutual fund Silver Trust (NYSEARCX: SLV). As of the time I write this post, the fund has increased in value 9.01%, which is a pretty decent return over the last 7-months. Continue reading

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What I'd do with a $20 million lottery win

Note: I will be starting college again March 1st.  I will be attending Western Governors University.  I originally wrote this for a scholarship from Yakezie.com to help pay for college. but was about 3 hours late turning it in.  I think I did a pretty good job so I figured I’d post it here.

I believe that if I would to win a $20 million dollar lottery, while portions of my life would change, overall, my life wouldn’t change very much.  Upon winning the lottery, I would immediately call my dear sweet wife.  She is a stay at home mom to our three beautiful children.  My wife and I would go out to dinner so we could discuss our financial plan.  The next day, I would write a check and pay off the mortgage.    I would also write a check to my Church for 10% of the winnings.  Of course, the government would also take 30-40% in taxes.  This would leave me with about $10 million dollars. I would take the money and divide it up into various bank accounts so that no one bank was above the FDIC coverage limit (I have had several banks that I have dealt with fail).   I would tell my family, but I don’t think I would tell many, if any, other people.  There just isn’t a smart reason to tell non-family members.  They would either think I’m bragging, or want to borrow money from me.   I do think I would take a weeks’ vacation from work and go on a nice trip with my family.  When we got back (or perhaps before we go), I would setup trust accounts for each of my 3 children for college, fully funding, with some extra, their anticipated college expenses.  I would then purchase some real estate and rent out the properties, to help bring long term income into my family.  I would talk to my parents and my wife’s parents about paying off their home mortgages, thus bringing some financial peace to them.  I would keep $5 million dollars in good growth mutual funds to allow this money to keep growing.  By having this money grow at 6%-10% annually, I would bring in at least $300,000.00 annually that we can live on without touching the remaining $5 million.

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I feel like I sold my 1st Child…

Its a happy, yet sad day, at the Cox household.  I opened a computer service business named Las Vegas Geeks in February 2003.  In February of this year, I sold this business to a friend, but was allow to continue using the name until the sale was completed.  This sale was completed a few days ago.

I wasn’t married until 2004 and didn’t have my 1st kid until 2006.  So, while the Wife and I believe selling the business was the right course of action, it is still a little sad.  We had actually considered selling it a few years earlier, but didn’t.  Since a friend has purchased it, we thought it was a little bit easier to sell.  I want to personally wish Kerrigan Enterprises, LLC doing business as Las Vegas Geeks a good future and continued growth!  I know she’s your baby now… but she was my baby first, so treat her right!

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It Is Going To Be A Rocky Road

It Is Going To Be A Rocky Road
by Chuck Baldwin
September 22, 2009

Let’s face it: most Americans live in a world of false security. This is somewhat understandable, given the fact that the majority of the U.S. population was born after 1945. Few remember the dangers and hardships of World War II; fewer still remember the Great Depression. Few Americans know what it’s like to not have some sort of “supercenter” nearby with shelves stocked with every kind of food imaginable, twenty-four hours a day. Few know what life was like before there were restaurants of all sizes and types on virtually every street corner in America. And only a handful remembers when most roads were unpaved, or when sports were truly a pastime and not a megabuck obsession.

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Is Anyone Minding the Store at the Federal Reserve?

This is a high quality version of the Financial Services Subcommittee on Oversight and Investigations hearing of May 5, 2009.

Rep. Alan Grayson asks the Federal Reserve Inspector General about the trillions of dollars lent or spent by the Federal Reserve and where it went, and the trillions of off balance sheet obligations. Inspector General Elizabeth Coleman responds that the IG does not know and is not tracking where this money is.

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