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雷思理

雷思理

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2021-05-12

Can buy

2021-05-01

Go up pls

2021-05-01

Can buy?

抱歉，原内容已删除

2021-05-01

$Nokia Oyj(NOK)$📈也

2021-04-30

Great

21 brilliant quotes from legendary investor and polymath Charlie Munger

2021-04-30

Good//@qiqi87:Good article

17 Things That Investors Looking for UFC Stock or UFC IPO Should Know

2021-04-23

Good job

Why AMC Entertainment Is Up 6% Today

2021-04-23

Great

Coca-Cola Stock: Is The Dividend Safe?

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buy?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/101803563","repostId":"1142070002","repostType":4,"isVote":1,"tweetType":1,"viewCount":284,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":103411314,"gmtCreate":1619799611938,"gmtModify":1631887027901,"author":{"id":"3582012732625728","authorId":"3582012732625728","name":"雷思理","avatar":"https://static.tigerbbs.com/6700e88b9547d9601772e685dc19e9aa","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582012732625728","authorIdStr":"3582012732625728"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/NOK\">$Nokia Oyj(NOK)$</a>📈也","listText":"<a href=\"https://laohu8.com/S/NOK\">$Nokia Oyj(NOK)$</a>📈也","text":"$Nokia 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Munger, Berkshire Hathaway’s vice chairman, is adored for his expansive knowledge and his maxims about business, investing, and life as well as his colorful language and humor. Famously, he would often say, after Buffett finished speaking, “I have nothing further to add.” Last year, due to the coronavirus pandemic, the Berkshire Hathaway annual meeting went virtual, with Buffett answering questions from afar in an empty CHI Health Center Arena without Munger.</p>\n<p>While Buffett is the more public and recognizable face for Berkshire Hathaway, the iconic conglomerate as it stands today was built to Munger’s blueprint of moving beyond so-called “cigar-butt” investing to “buying wonderful businesses at fair prices,” according to a shareholder letter commemorating the company’s 50th anniversary. Though Buffett credits Munger for his success, he also emphasizes that his friend and business partner has made him a “better person.”</p>\n<p>And so to commemorate the reunion of these two investing legends and long-time partners and friends, we’ve compiled some of our favorite Munger quotes:</p>\n<p><b>On learning</b></p>\n<p>“In my whole life, I have known no wise people (over a broad subject matter area) who didn’t read all the time — none, zero. You’d be amazed at how much Warren reads — and at how much I read. My children laugh at me. They think I’m a book with a couple of legs sticking out.”<i>—Poor Charlie's Almanack</i></p>\n<p>\"Without the method of learning, you're like a one-legged man in an ass-kicking contest. It's just not going to work very well.\"<i>—2021 Daily Journal AGM</i></p>\n<p>“I constantly see people rise in life who are not the smartest, sometimes not even the most diligent, but they are learning machines. They go to bed every night a little wiser than when they got up and boy does that help—particularly when you have a long run ahead of you.”<i>—2007 USC Law School Commencement Address</i></p>\n<p>“I think that a life properly lived is just learn, learn, learn all the time.”<i>—2017 Berkshire Hathaway Annual Meeting</i></p>\n<p>“Acquire worldly wisdom and adjust your behavior accordingly. If your new behavior gives you a little temporary unpopularity with your peer group then to hell with them.”<i>—Poor Charlie's Almanack</i></p>\n<p>“Live within your income and save so that you can invest. Learn what you need to learn.”<b><i>—</i></b><i>Damn Right! : Behind the Scenes with Berkshire Hathaway Billionaire Charlie Munger</i></p>\n<p><b>On investing and business:</b></p>\n<p>“Understanding both the power of compound interest and the difficulty of getting it is the heart and soul of understanding a lot of things.”<i>—Poor Charlie's Almanack</i></p>\n<p>“There are huge advantages for an individual to get into a position where you make a few great investments and just sit on your ass: You are paying less to brokers. You are listening to less nonsense. And if it works, the governmental tax system gives you an extra 1, 2 or 3 percentage points per annum compounded.” —<i>Worldly Wisdom by Charlie Munger 1995 - 1998</i></p>\n<p>“I have a friend who’s a fisherman he says, ‘I have a simple rule for success in fishing. Fish where the fish are.’ You want to fish where the bargains are. That simple. If the fishing is really lousy where you are you should probably look for another place to fish.”—2020 Daily Journal AGM</p>\n<p>“Mimicking the herd invites regression to the mean (merely average performance).”<i>—Poor Charlie's Almanack</i></p>\n<p>“The world is full of foolish gamblers and they will not do as well as the patient investors.”<i>—2018 Weekly in Stocks interview</i></p>\n<p>“It takes character to sit with all that cash and to do nothing. I didn’t get to be where I am by going after mediocre opportunities.”<i>—Poor Charlie's Almanack</i></p>\n<p>“I find it much easier to find four or five investments where I have a pretty reasonable chance of being right that they're way above average. I think it's much easier to find five than it is to find 100. I think the people who argue for all this diversification — by the way, I call it ‘deworsification’ — which I copied from somebody — and I'm way more comfortable owning two or three stocks which I think I know something about and where I think I have an advantage.” —<i>2021 Daily Journal AGM</i></p>\n<p>\"Usually, I don’t use formal projections. I don’t let people do them for me because I don’t like throwing up on the desk, but I see them made in a very foolish way all the time, and many people believe in them, no matter how foolish they are. It’s an effective sales technique in America to put a foolish projection on a desk.\"<i>—2003 Herb Kay Undergraduate Lecture University of California, Santa Barbara Economics Department</i></p>\n<p>\"I think the reason why we got into such idiocy in investment management is best illustrated by a story that I tell about the guy who sold fishing tackle. I asked him, 'My God, they're purple and green. Do fish really take these lures?' And he said, 'Mister, I don't sell to fish.'\" —\"A Lesson on Elementary, Worldly Wisdom As It Relates To Investment Management &amp; Business,\" 1994 speech at USC Business School</p>\n<p>“Capitalism without failure is like religion without hell.” —<i>Tao of Charlie Munger</i></p>\n<p><b>On mental models and decision-making frameworks:</b></p>\n<p>“We’ve had enough good sense when something is working very well to keep doing it. I’d say we’re demonstrating what might be called the fundamental algorithm of life — repeat what works.”<i>—2010 Berkshire Hathaway Annual Meeting</i></p>\n<p>“I spent a lifetime trying to avoid my own mental biases. A.) I rub my own nose into my own mistakes. B.) I try and keep it simple and fundamental as much as I can. And, I like the engineering concept of a margin of safety. I’m a very blocking and tackling kind of thinker. I just try to avoid being stupid. I have a way of handling a lot of problems — I put them in what I call my ‘too hard pile,’ and just leave them there. I’m not trying to succeed in my ‘too hard pile.’” —<i>2020 CalTech Distinguished Alumni Award interview</i></p>\n<p><b>On life:</b></p>\n<p>“I think life is a whole series of opportunity costs. You know, you got to marry the best person who is convenient to find who will have you. Investment is much the same sort of a process.”<i>—1997 Berkshire Hathaway Annual Meeting</i></p>\n<p>\"Another thing, of course, is life will have terrible blows, horrible blows, unfair blows. Doesn’t matter. And some people recover and others don’t. And there I think the attitude of Epictetus is the best. He thought that every mischance in life was an opportunity to behave well. Every mischance in life was an opportunity to learn something and your duty was not to be submerged in self-pity, but to utilize the terrible blow in a constructive fashion. That is a very good idea.\"<i>—2007 USC Law School Commencement Address</i></p>\n<p>“You don’t have a lot of envy, you don’t have a lot of resentment, you don’t overspend your income, you stay cheerful in spite of your troubles, you deal with reliable people and you do what you’re supposed to do. All these simple rules work so well to make your life better.”<i>—2019 CNBC interview</i></p>","source":"lsy1584348713084","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>21 brilliant quotes from legendary investor and polymath Charlie Munger</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n21 brilliant quotes from legendary investor and polymath Charlie Munger\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-30 21:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/21-brilliant-quotes-from-legendary-investor-and-polymath-charlie-munger-133315723.html><strong>Yahoo</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Berkshire Hathaway’s (BRK-A,BRK-B) annual shareholders meeting will take place in Los Angeles on May 1, with Warren Buffett reuniting with his long-time business partner Charlie Munger, who is based ...</p>\n\n<a href=\"https://finance.yahoo.com/news/21-brilliant-quotes-from-legendary-investor-and-polymath-charlie-munger-133315723.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/21-brilliant-quotes-from-legendary-investor-and-polymath-charlie-munger-133315723.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114554743","content_text":"Berkshire Hathaway’s (BRK-A,BRK-B) annual shareholders meeting will take place in Los Angeles on May 1, with Warren Buffett reuniting with his long-time business partner Charlie Munger, who is based in California, after a year apart.\nIn a normal year, thousands of people make the pilgrimage to Omaha, Nebraska, to listen to Buffett, 90, and Munger, 97, answer questions for hours as they sip Coca-Colas and nibble on peanut brittle from See's Candies. Munger, Berkshire Hathaway’s vice chairman, is adored for his expansive knowledge and his maxims about business, investing, and life as well as his colorful language and humor. Famously, he would often say, after Buffett finished speaking, “I have nothing further to add.” Last year, due to the coronavirus pandemic, the Berkshire Hathaway annual meeting went virtual, with Buffett answering questions from afar in an empty CHI Health Center Arena without Munger.\nWhile Buffett is the more public and recognizable face for Berkshire Hathaway, the iconic conglomerate as it stands today was built to Munger’s blueprint of moving beyond so-called “cigar-butt” investing to “buying wonderful businesses at fair prices,” according to a shareholder letter commemorating the company’s 50th anniversary. Though Buffett credits Munger for his success, he also emphasizes that his friend and business partner has made him a “better person.”\nAnd so to commemorate the reunion of these two investing legends and long-time partners and friends, we’ve compiled some of our favorite Munger quotes:\nOn learning\n“In my whole life, I have known no wise people (over a broad subject matter area) who didn’t read all the time — none, zero. You’d be amazed at how much Warren reads — and at how much I read. My children laugh at me. They think I’m a book with a couple of legs sticking out.”—Poor Charlie's Almanack\n\"Without the method of learning, you're like a one-legged man in an ass-kicking contest. It's just not going to work very well.\"—2021 Daily Journal AGM\n“I constantly see people rise in life who are not the smartest, sometimes not even the most diligent, but they are learning machines. They go to bed every night a little wiser than when they got up and boy does that help—particularly when you have a long run ahead of you.”—2007 USC Law School Commencement Address\n“I think that a life properly lived is just learn, learn, learn all the time.”—2017 Berkshire Hathaway Annual Meeting\n“Acquire worldly wisdom and adjust your behavior accordingly. If your new behavior gives you a little temporary unpopularity with your peer group then to hell with them.”—Poor Charlie's Almanack\n“Live within your income and save so that you can invest. Learn what you need to learn.”—Damn Right! : Behind the Scenes with Berkshire Hathaway Billionaire Charlie Munger\nOn investing and business:\n“Understanding both the power of compound interest and the difficulty of getting it is the heart and soul of understanding a lot of things.”—Poor Charlie's Almanack\n“There are huge advantages for an individual to get into a position where you make a few great investments and just sit on your ass: You are paying less to brokers. You are listening to less nonsense. And if it works, the governmental tax system gives you an extra 1, 2 or 3 percentage points per annum compounded.” —Worldly Wisdom by Charlie Munger 1995 - 1998\n“I have a friend who’s a fisherman he says, ‘I have a simple rule for success in fishing. Fish where the fish are.’ You want to fish where the bargains are. That simple. If the fishing is really lousy where you are you should probably look for another place to fish.”—2020 Daily Journal AGM\n“Mimicking the herd invites regression to the mean (merely average performance).”—Poor Charlie's Almanack\n“The world is full of foolish gamblers and they will not do as well as the patient investors.”—2018 Weekly in Stocks interview\n“It takes character to sit with all that cash and to do nothing. I didn’t get to be where I am by going after mediocre opportunities.”—Poor Charlie's Almanack\n“I find it much easier to find four or five investments where I have a pretty reasonable chance of being right that they're way above average. I think it's much easier to find five than it is to find 100. I think the people who argue for all this diversification — by the way, I call it ‘deworsification’ — which I copied from somebody — and I'm way more comfortable owning two or three stocks which I think I know something about and where I think I have an advantage.” —2021 Daily Journal AGM\n\"Usually, I don’t use formal projections. I don’t let people do them for me because I don’t like throwing up on the desk, but I see them made in a very foolish way all the time, and many people believe in them, no matter how foolish they are. It’s an effective sales technique in America to put a foolish projection on a desk.\"—2003 Herb Kay Undergraduate Lecture University of California, Santa Barbara Economics Department\n\"I think the reason why we got into such idiocy in investment management is best illustrated by a story that I tell about the guy who sold fishing tackle. I asked him, 'My God, they're purple and green. Do fish really take these lures?' And he said, 'Mister, I don't sell to fish.'\" —\"A Lesson on Elementary, Worldly Wisdom As It Relates To Investment Management & Business,\" 1994 speech at USC Business School\n“Capitalism without failure is like religion without hell.” —Tao of Charlie Munger\nOn mental models and decision-making frameworks:\n“We’ve had enough good sense when something is working very well to keep doing it. I’d say we’re demonstrating what might be called the fundamental algorithm of life — repeat what works.”—2010 Berkshire Hathaway Annual Meeting\n“I spent a lifetime trying to avoid my own mental biases. A.) I rub my own nose into my own mistakes. B.) I try and keep it simple and fundamental as much as I can. And, I like the engineering concept of a margin of safety. I’m a very blocking and tackling kind of thinker. I just try to avoid being stupid. I have a way of handling a lot of problems — I put them in what I call my ‘too hard pile,’ and just leave them there. I’m not trying to succeed in my ‘too hard pile.’” —2020 CalTech Distinguished Alumni Award interview\nOn life:\n“I think life is a whole series of opportunity costs. You know, you got to marry the best person who is convenient to find who will have you. Investment is much the same sort of a process.”—1997 Berkshire Hathaway Annual Meeting\n\"Another thing, of course, is life will have terrible blows, horrible blows, unfair blows. Doesn’t matter. And some people recover and others don’t. And there I think the attitude of Epictetus is the best. He thought that every mischance in life was an opportunity to behave well. Every mischance in life was an opportunity to learn something and your duty was not to be submerged in self-pity, but to utilize the terrible blow in a constructive fashion. That is a very good idea.\"—2007 USC Law School Commencement Address\n“You don’t have a lot of envy, you don’t have a lot of resentment, you don’t overspend your income, you stay cheerful in spite of your troubles, you deal with reliable people and you do what you’re supposed to do. All these simple rules work so well to make your life better.”—2019 CNBC interview","news_type":1},"isVote":1,"tweetType":1,"viewCount":390,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":103597837,"gmtCreate":1619792354629,"gmtModify":1634209894568,"author":{"id":"3582012732625728","authorId":"3582012732625728","name":"雷思理","avatar":"https://static.tigerbbs.com/6700e88b9547d9601772e685dc19e9aa","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582012732625728","authorIdStr":"3582012732625728"},"themes":[],"htmlText":"Good//<a href=\"https://laohu8.com/U/3581563483877763\">@qiqi87</a>:Good article&nbsp;","listText":"Good//<a href=\"https://laohu8.com/U/3581563483877763\">@qiqi87</a>:Good article&nbsp;","text":"Good//@qiqi87:Good article","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/103597837","repostId":"1190470447","repostType":4,"repost":{"id":"1190470447","pubTimestamp":1619749920,"share":"https://www.laohu8.com/m/news/1190470447?lang=&edition=full","pubTime":"2021-04-30 10:32","market":"us","language":"en","title":"17 Things That Investors Looking for UFC Stock or UFC IPO Should Know","url":"https://stock-news.laohu8.com/highlight/detail?id=1190470447","media":"investorplace","summary":"Investors appear to be interested in how to invest with UFC stock or an upcoming UFC initial public ","content":"<p>Investors appear to be interested in how to invest with UFC stock or an upcoming UFC initial public offering (IPO). However, UFC itself isn’t actually going public.</p><p>Here’s everything investors need to know about the situation below.</p><ul><li>UFC isa subsidiary of&nbsp;<b>Endeavor Group</b>.</li><li>It was acquired by the company in 2016.</li><li>Endeavor Group is the company that’s going public via an IPO.</li><li>When it does go public, Endeavor Group it&nbsp;will trade under the EDR stock ticker.</li><li>That will have it trading on the&nbsp;<b>New York Stock Excahnge</b>.</li><li>As such, there’s no such thing as a UFC IPO or UFC stock.</li><li>Even so, anyone wanting to invest in that business can do it best through a stake in Endeavor Group.</li><li>Endeavor Group is set to start trading today via its IPO.</li><li>The company is targeting a stock price of $23 to $24 per share.</li></ul><ul><li>This offering will see the company putting up 21.3 million shares of its common stock.</li><li>There’s also an option for underwriters to purchase an additional 3,195,000 shares within 30-days of the offering.</li><li>This has the company set to raise as much as $587.88 million from the IPO.</li><li>The Endeavor Group IPO doesn’t just cover the UFC business, but also other parts of entertainment.</li><li>That’s due to Endeavor Group acting as a holding company for talent and media agencies.</li><li>The company is one of the oldest in its field as it was founded in 1898.</li><li>That’s also seen in bring in quite a bit of talent over the years.</li><li>For example, Charlie Chaplin, Marilyn Monroe, and Elvis Presley are all individuals that signed on with the company.</li></ul><p>Investors that are interested in IPOs have other companies they can take a look at today.</p><p>There’s have been a few companies of late that are working on plans to go public. Those worth noting are<b>Alfi</b>,<b>Aveanna Healthcare</b>&nbsp;(NASDAQ:<b><u>AVAH</u></b>), and<b>Vaccitech</b>. Investors that want to learn more about these companies and their IPOs can check out the following links.</p>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>17 Things That Investors Looking for UFC Stock or UFC IPO Should Know</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n17 Things That Investors Looking for UFC Stock or UFC IPO Should Know\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-30 10:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/04/17-things-that-investors-looking-for-ufc-stock-or-ufc-ipo-should-know/><strong>investorplace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors appear to be interested in how to invest with UFC stock or an upcoming UFC initial public offering (IPO). However, UFC itself isn’t actually going public.Here’s everything investors need to ...</p>\n\n<a href=\"https://investorplace.com/2021/04/17-things-that-investors-looking-for-ufc-stock-or-ufc-ipo-should-know/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"EDR":"奋进集团"},"source_url":"https://investorplace.com/2021/04/17-things-that-investors-looking-for-ufc-stock-or-ufc-ipo-should-know/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1190470447","content_text":"Investors appear to be interested in how to invest with UFC stock or an upcoming UFC initial public offering (IPO). However, UFC itself isn’t actually going public.Here’s everything investors need to know about the situation below.UFC isa subsidiary of Endeavor Group.It was acquired by the company in 2016.Endeavor Group is the company that’s going public via an IPO.When it does go public, Endeavor Group it will trade under the EDR stock ticker.That will have it trading on the New York Stock Excahnge.As such, there’s no such thing as a UFC IPO or UFC stock.Even so, anyone wanting to invest in that business can do it best through a stake in Endeavor Group.Endeavor Group is set to start trading today via its IPO.The company is targeting a stock price of $23 to $24 per share.This offering will see the company putting up 21.3 million shares of its common stock.There’s also an option for underwriters to purchase an additional 3,195,000 shares within 30-days of the offering.This has the company set to raise as much as $587.88 million from the IPO.The Endeavor Group IPO doesn’t just cover the UFC business, but also other parts of entertainment.That’s due to Endeavor Group acting as a holding company for talent and media agencies.The company is one of the oldest in its field as it was founded in 1898.That’s also seen in bring in quite a bit of talent over the years.For example, Charlie Chaplin, Marilyn Monroe, and Elvis Presley are all individuals that signed on with the company.Investors that are interested in IPOs have other companies they can take a look at today.There’s have been a few companies of late that are working on plans to go public. Those worth noting areAlfi,Aveanna Healthcare (NASDAQ:AVAH), andVaccitech. Investors that want to learn more about these companies and their IPOs can check out the following links.","news_type":1},"isVote":1,"tweetType":1,"viewCount":350,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":376617711,"gmtCreate":1619109140833,"gmtModify":1634288469565,"author":{"id":"3582012732625728","authorId":"3582012732625728","name":"雷思理","avatar":"https://static.tigerbbs.com/6700e88b9547d9601772e685dc19e9aa","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582012732625728","authorIdStr":"3582012732625728"},"themes":[],"htmlText":"Good job","listText":"Good job","text":"Good job","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/376617711","repostId":"1132062035","repostType":4,"repost":{"id":"1132062035","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1619106591,"share":"https://www.laohu8.com/m/news/1132062035?lang=&edition=full","pubTime":"2021-04-22 23:49","market":"us","language":"en","title":"Why AMC Entertainment Is Up 6% Today","url":"https://stock-news.laohu8.com/highlight/detail?id=1132062035","media":"Tiger Newspress","summary":"Better coronavirus data could be boosting confidence in the theater operator.\nShares of AMC Entertai","content":"<p>Better coronavirus data could be boosting confidence in the theater operator.</p>\n<p>Shares of&nbsp;<b>AMC Entertainment Holdings</b>&nbsp;(NYSE:AMC)&nbsp;were rising 6.5% in morning trading Thursday on no news specific to the theater operator, though there was progress being made on the coronavirus front.</p>\n<p><img src=\"https://static.tigerbbs.com/eda5a78eac55275e7a12a303b7a2170b\" tg-width=\"840\" tg-height=\"470\"></p>\n<p>Rising or falling numbers of COVID-19 cases will impact AMC as it will determine whether people are&nbsp;ready to return to movie theaters&nbsp;in large numbers. Right now&nbsp;<i>Godzilla vs. Kong</i>from&nbsp;<b>AT&amp;T</b>'s Warner Bros. continues to dominate at the box office, with over $80 million generated so far, which isn't too bad considering theaters are operating at less than maximum capacity.</p>\n<p>The Centers for Disease Control and Prevention says 40% of the U.S. population have received at least one dose of a vaccine and 26% are fully vaccinated. At the same time, the number of COVID-19 cases and the number of new cases continues on its downward trend.</p>\n<p>Growing numbers of people who have been vaccinated coupled with falling rates of new cases bodes well for more state governments lifting lockdowns and mask mandates that prevent a return to normalcy.</p>\n<p>To date, 13 states no longer require wearing masks in public.&nbsp;Florida Gov. Ron DeSantis told people if they've been vaccinated: \"My view is, the vaccines are effective, you're immune. And so act immune.\"</p>\n<p>Such policies and rhetoric could help encourage the public to return to their normal&nbsp;leisure time&nbsp;routines sooner, which could help attendance rise further at AMC theaters.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why AMC Entertainment Is Up 6% Today</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy AMC Entertainment Is Up 6% Today\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-04-22 23:49</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Better coronavirus data could be boosting confidence in the theater operator.</p>\n<p>Shares of&nbsp;<b>AMC Entertainment Holdings</b>&nbsp;(NYSE:AMC)&nbsp;were rising 6.5% in morning trading Thursday on no news specific to the theater operator, though there was progress being made on the coronavirus front.</p>\n<p><img src=\"https://static.tigerbbs.com/eda5a78eac55275e7a12a303b7a2170b\" tg-width=\"840\" tg-height=\"470\"></p>\n<p>Rising or falling numbers of COVID-19 cases will impact AMC as it will determine whether people are&nbsp;ready to return to movie theaters&nbsp;in large numbers. Right now&nbsp;<i>Godzilla vs. Kong</i>from&nbsp;<b>AT&amp;T</b>'s Warner Bros. continues to dominate at the box office, with over $80 million generated so far, which isn't too bad considering theaters are operating at less than maximum capacity.</p>\n<p>The Centers for Disease Control and Prevention says 40% of the U.S. population have received at least one dose of a vaccine and 26% are fully vaccinated. At the same time, the number of COVID-19 cases and the number of new cases continues on its downward trend.</p>\n<p>Growing numbers of people who have been vaccinated coupled with falling rates of new cases bodes well for more state governments lifting lockdowns and mask mandates that prevent a return to normalcy.</p>\n<p>To date, 13 states no longer require wearing masks in public.&nbsp;Florida Gov. Ron DeSantis told people if they've been vaccinated: \"My view is, the vaccines are effective, you're immune. And so act immune.\"</p>\n<p>Such policies and rhetoric could help encourage the public to return to their normal&nbsp;leisure time&nbsp;routines sooner, which could help attendance rise further at AMC theaters.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1132062035","content_text":"Better coronavirus data could be boosting confidence in the theater operator.\nShares of AMC Entertainment Holdings (NYSE:AMC) were rising 6.5% in morning trading Thursday on no news specific to the theater operator, though there was progress being made on the coronavirus front.\n\nRising or falling numbers of COVID-19 cases will impact AMC as it will determine whether people are ready to return to movie theaters in large numbers. Right now Godzilla vs. Kongfrom AT&T's Warner Bros. continues to dominate at the box office, with over $80 million generated so far, which isn't too bad considering theaters are operating at less than maximum capacity.\nThe Centers for Disease Control and Prevention says 40% of the U.S. population have received at least one dose of a vaccine and 26% are fully vaccinated. At the same time, the number of COVID-19 cases and the number of new cases continues on its downward trend.\nGrowing numbers of people who have been vaccinated coupled with falling rates of new cases bodes well for more state governments lifting lockdowns and mask mandates that prevent a return to normalcy.\nTo date, 13 states no longer require wearing masks in public. Florida Gov. Ron DeSantis told people if they've been vaccinated: \"My view is, the vaccines are effective, you're immune. And so act immune.\"\nSuch policies and rhetoric could help encourage the public to return to their normal leisure time routines sooner, which could help attendance rise further at AMC theaters.","news_type":1},"isVote":1,"tweetType":1,"viewCount":175,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":376617312,"gmtCreate":1619109019136,"gmtModify":1634288470160,"author":{"id":"3582012732625728","authorId":"3582012732625728","name":"雷思理","avatar":"https://static.tigerbbs.com/6700e88b9547d9601772e685dc19e9aa","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582012732625728","authorIdStr":"3582012732625728"},"themes":[],"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/376617312","repostId":"1109671088","repostType":4,"repost":{"id":"1109671088","pubTimestamp":1619105139,"share":"https://www.laohu8.com/m/news/1109671088?lang=&edition=full","pubTime":"2021-04-22 23:25","market":"us","language":"en","title":"Coca-Cola Stock: Is The Dividend Safe?","url":"https://stock-news.laohu8.com/highlight/detail?id=1109671088","media":"seekingalpha","summary":"Summary\n\nOn its face, Coca-Cola has a nice 3+ percent dividend.\nDigging into the financials, KO trad","content":"<p><b>Summary</b></p>\n<ul>\n <li>On its face, Coca-Cola has a nice 3+ percent dividend.</li>\n <li>Digging into the financials, KO trades for a very high P/E given its fundamentals and the dividend payout ratio has steadily risen over time.</li>\n <li>While KO's dividend is in no immediate danger, I do question its sustainability in the long run.</li>\n <li>I don't think the valuation for KO makes a whole lot of sense, and I would look elsewhere for yield.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/530d4a81c86e3243261b6ac5fae7ee6b\" tg-width=\"1536\" tg-height=\"1152\"><span>Photo by Eric Broder Van Dyke/iStock Editorial via Getty Images</span></p>\n<blockquote>\n Show me the money!\n</blockquote>\n<blockquote>\n -Rod Tidwell,\n <i>Jerry Maguire (1996).</i>\n</blockquote>\n<p>The Coca-Cola Company (KO) is a long-time dividend aristocrat and popular income stock with<i>Seeking Alpha</i>readers, but under the hood, there are some issues that investors should be aware of. Like the famous exchange in<i>Jerry Macguire</i>, companies need to show dividend investors the money, and in KO's case, I'm not seeing enough of it in their financial statements. Even if you're not a KO shareholder, the exercise of learning to analyze a company's income statement, cash flow statement, and balance sheet for dividend sustainability is something that every investor can benefit from.</p>\n<p>Somewhere along the way over the past 10 years, KO's&nbsp;dividend payout ratio&nbsp;went from a normal ~50 percent payout range that you typically see for consumer staple companies to over 100 percent in 2020. On its face, KO has a nice 3+ percent dividend. But I'm not completely convinced that the dividend can keep growing in the future, and the way things are going, there may even be pressure to cut it 3-5 years down the road.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4b20487ca269f1ab12fc361dd176690f\" tg-width=\"635\" tg-height=\"435\"><span>Data by YCharts</span></p>\n<p>Based on&nbsp;earnings estimates for 2021, the dividend is likely to absorb 75-80 percent of KO's earnings, which is an improvement from 2020. It's not entirely clear where the payout ratio becomes unsustainable, but the ratio is not in the range that I like to see. Analyst earnings estimates for next year and the year after are predicated on KO being able to pass commodity price increases through to consumers, which is a downside risk to KO's earnings if consumers respond by buying less. For cyclical companies in downturns, it's fairly common to borrow to maintain the dividend. For a consumer product company with fairly stable revenue like Coca- Cola, it's not common to see a payout ratio be over 100 percent, and it likely relates to the company's desire to remain a dividend aristocrat, which attracts ETF and mutual fund money into the stock. KO's earnings took a clear hit from coronavirus, but are expected to rebound to $2.17 per share for 2021 and $2.35 for 2022. KO's earnings for the year will cover the dividend of $1.68 per share, but Coca-Cola hasn't done much at all to grow its net income in the last decade. In fact, net income is actually down a bit over the last 10 years, but the share count has fallen as well, keeping things steady on the EPS front. At KO's current price, the stock trades for over 25x forward earnings, which would be fine if the company had stronger growth prospects, but in this case, I think the valuation makes this a surprisingly risky stock.</p>\n<p>Dividend purists like to compare dividend payouts to free cash flow, which is a tad higher than earnings, but Coca-Cola's&nbsp;free cash flow&nbsp;is being helped by spending less and less on capital expenditures over time. An optimist would say that they're just focusing on their core businesses, while a pessimist might say that they're underinvesting in their manufacturing and brand. For this reason, I would advise investors to at least assess KO's dividend safety on its earnings, not free cash flow.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/62ca4a357963f87fa0c6ca78701bae22\" tg-width=\"635\" tg-height=\"435\"><span>Data by YCharts</span></p>\n<p><b>Will KO Cut Its Dividend?</b></p>\n<p>Short-term, KO's dividend is in no immediate danger. Over the long term, I find the valuation and dividend policy in Coca-Cola a bit perplexing. Upon thinking a bit more, it makes sense to me. KO is held by a lot of mutual funds and ETFs due to being a large company that belongs to several popular groups of stocks. Academic research shows that investors prefer the shares of companies that are&nbsp;large, popular, and familiar, while companies with the opposite characteristics tend to have better long-run returns, all else being equal. Coca-Cola is a Dow Jones Industrial Average component, meaning that investors will buy the stock because it's well known, and ETFs that track the Dow will automatically have KO as a component. The Dow Jones Industrial SPDR ETF (DIA) is a prime example, with over $29 billion in AUM. This creates price-insensitive buyers for KO stock. Additionally, the company is a dividend aristocrat, which means that every ETF that tracks the dividend aristocrat ETF automatically has to buy in as well. To these points, it is mission-critical that KO can maintain the dividend and raise it at least 1 cent every year to remain a part of the dividend aristocrat list.</p>\n<p>Here is Coca-Cola's net income over time.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9906fb0f526c5224b86f02868539f4ba\" tg-width=\"640\" tg-height=\"501\"><span>Source: Macrotrends</span></p>\n<p>To me, KO should trade as a value stock, but the company is valued as a growth stock. This is the exact opposite of what I look for in a company. I view this as offering asymmetric downside to shareholders. Keep in mind that KO's net income is ostensibly benefitting from the Trump tax cuts as well, with the corporate tax rate dropping from 35 percent to 21 percent. This boosted S&amp;P 500 earnings ~20 percent across the board, although it isn't clear if the tax cuts helped KO as much from looking at their financial statements (KO seemed to have had a very low tax rate before).</p>\n<p><b>Conclusion: Is Coca-Cola a good dividend stock?</b></p>\n<p>Investing is a game that is played for money, and investors can learn a lot from studying other games. Value investing is a lot like sports betting, where you have to compare the valuation of a company to how good the business is likely to do–just as sports bettors have to compare teams to their point spreads and money-line odds. Portfolio strategy is like poker, where an understanding of basic math and psychology helps you win. Accounting and reading financial statements are like chess, in that if you don't understand the themes of what is going on, you're likely to fall into traps and lose quickly to better-informed parties. In the case of KO, the valuation is high, the psychology of popularity means that the company is likely to be valued higher than it otherwise would be (with downside to this if the company loses popularity), and the financial statements show that dividend investors may not be aware of the stagnation in company performance. With these in mind, I'd look elsewhere rather than KO for dividends.</p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Coca-Cola Stock: Is The Dividend Safe?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCoca-Cola Stock: Is The Dividend Safe?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-22 23:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4420550-coca-cola-stock-dividend-safe><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nOn its face, Coca-Cola has a nice 3+ percent dividend.\nDigging into the financials, KO trades for a very high P/E given its fundamentals and the dividend payout ratio has steadily risen over ...</p>\n\n<a href=\"https://seekingalpha.com/article/4420550-coca-cola-stock-dividend-safe\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"KO":"可口可乐"},"source_url":"https://seekingalpha.com/article/4420550-coca-cola-stock-dividend-safe","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1109671088","content_text":"Summary\n\nOn its face, Coca-Cola has a nice 3+ percent dividend.\nDigging into the financials, KO trades for a very high P/E given its fundamentals and the dividend payout ratio has steadily risen over time.\nWhile KO's dividend is in no immediate danger, I do question its sustainability in the long run.\nI don't think the valuation for KO makes a whole lot of sense, and I would look elsewhere for yield.\n\nPhoto by Eric Broder Van Dyke/iStock Editorial via Getty Images\n\n Show me the money!\n\n\n -Rod Tidwell,\n Jerry Maguire (1996).\n\nThe Coca-Cola Company (KO) is a long-time dividend aristocrat and popular income stock withSeeking Alphareaders, but under the hood, there are some issues that investors should be aware of. Like the famous exchange inJerry Macguire, companies need to show dividend investors the money, and in KO's case, I'm not seeing enough of it in their financial statements. Even if you're not a KO shareholder, the exercise of learning to analyze a company's income statement, cash flow statement, and balance sheet for dividend sustainability is something that every investor can benefit from.\nSomewhere along the way over the past 10 years, KO's dividend payout ratio went from a normal ~50 percent payout range that you typically see for consumer staple companies to over 100 percent in 2020. On its face, KO has a nice 3+ percent dividend. But I'm not completely convinced that the dividend can keep growing in the future, and the way things are going, there may even be pressure to cut it 3-5 years down the road.\nData by YCharts\nBased on earnings estimates for 2021, the dividend is likely to absorb 75-80 percent of KO's earnings, which is an improvement from 2020. It's not entirely clear where the payout ratio becomes unsustainable, but the ratio is not in the range that I like to see. Analyst earnings estimates for next year and the year after are predicated on KO being able to pass commodity price increases through to consumers, which is a downside risk to KO's earnings if consumers respond by buying less. For cyclical companies in downturns, it's fairly common to borrow to maintain the dividend. For a consumer product company with fairly stable revenue like Coca- Cola, it's not common to see a payout ratio be over 100 percent, and it likely relates to the company's desire to remain a dividend aristocrat, which attracts ETF and mutual fund money into the stock. KO's earnings took a clear hit from coronavirus, but are expected to rebound to $2.17 per share for 2021 and $2.35 for 2022. KO's earnings for the year will cover the dividend of $1.68 per share, but Coca-Cola hasn't done much at all to grow its net income in the last decade. In fact, net income is actually down a bit over the last 10 years, but the share count has fallen as well, keeping things steady on the EPS front. At KO's current price, the stock trades for over 25x forward earnings, which would be fine if the company had stronger growth prospects, but in this case, I think the valuation makes this a surprisingly risky stock.\nDividend purists like to compare dividend payouts to free cash flow, which is a tad higher than earnings, but Coca-Cola's free cash flow is being helped by spending less and less on capital expenditures over time. An optimist would say that they're just focusing on their core businesses, while a pessimist might say that they're underinvesting in their manufacturing and brand. For this reason, I would advise investors to at least assess KO's dividend safety on its earnings, not free cash flow.\nData by YCharts\nWill KO Cut Its Dividend?\nShort-term, KO's dividend is in no immediate danger. Over the long term, I find the valuation and dividend policy in Coca-Cola a bit perplexing. Upon thinking a bit more, it makes sense to me. KO is held by a lot of mutual funds and ETFs due to being a large company that belongs to several popular groups of stocks. Academic research shows that investors prefer the shares of companies that are large, popular, and familiar, while companies with the opposite characteristics tend to have better long-run returns, all else being equal. Coca-Cola is a Dow Jones Industrial Average component, meaning that investors will buy the stock because it's well known, and ETFs that track the Dow will automatically have KO as a component. The Dow Jones Industrial SPDR ETF (DIA) is a prime example, with over $29 billion in AUM. This creates price-insensitive buyers for KO stock. Additionally, the company is a dividend aristocrat, which means that every ETF that tracks the dividend aristocrat ETF automatically has to buy in as well. To these points, it is mission-critical that KO can maintain the dividend and raise it at least 1 cent every year to remain a part of the dividend aristocrat list.\nHere is Coca-Cola's net income over time.\nSource: Macrotrends\nTo me, KO should trade as a value stock, but the company is valued as a growth stock. This is the exact opposite of what I look for in a company. I view this as offering asymmetric downside to shareholders. Keep in mind that KO's net income is ostensibly benefitting from the Trump tax cuts as well, with the corporate tax rate dropping from 35 percent to 21 percent. This boosted S&P 500 earnings ~20 percent across the board, although it isn't clear if the tax cuts helped KO as much from looking at their financial statements (KO seemed to have had a very low tax rate before).\nConclusion: Is Coca-Cola a good dividend stock?\nInvesting is a game that is played for money, and investors can learn a lot from studying other games. Value investing is a lot like sports betting, where you have to compare the valuation of a company to how good the business is likely to do–just as sports bettors have to compare teams to their point spreads and money-line odds. Portfolio strategy is like poker, where an understanding of basic math and psychology helps you win. Accounting and reading financial statements are like chess, in that if you don't understand the themes of what is going on, you're likely to fall into traps and lose quickly to better-informed parties. In the case of KO, the valuation is high, the psychology of popularity means that the company is likely to be valued higher than it otherwise would be (with downside to this if the company loses popularity), and the financial statements show that dividend investors may not be aware of the stagnation in company performance. With these in mind, I'd look elsewhere rather than KO for dividends.","news_type":1},"isVote":1,"tweetType":1,"viewCount":161,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":103536538,"gmtCreate":1619792587124,"gmtModify":1634209889892,"author":{"id":"3582012732625728","authorId":"3582012732625728","name":"雷思理","avatar":"https://static.tigerbbs.com/6700e88b9547d9601772e685dc19e9aa","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582012732625728","authorIdStr":"3582012732625728"},"themes":[],"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/103536538","repostId":"1114554743","repostType":4,"repost":{"id":"1114554743","pubTimestamp":1619790825,"share":"https://www.laohu8.com/m/news/1114554743?lang=&edition=full","pubTime":"2021-04-30 21:53","market":"us","language":"en","title":"21 brilliant quotes from legendary investor and polymath Charlie Munger","url":"https://stock-news.laohu8.com/highlight/detail?id=1114554743","media":"Yahoo","summary":"Berkshire Hathaway’s (BRK-A,BRK-B) annual shareholders meeting will take place in Los Angeles on May","content":"<p>Berkshire Hathaway’s (BRK-A,BRK-B) annual shareholders meeting will take place in Los Angeles on May 1, with Warren Buffett reuniting with his long-time business partner Charlie Munger, who is based in California, after a year apart.</p>\n<p>In a normal year, thousands of people make the pilgrimage to Omaha, Nebraska, to listen to Buffett, 90, and Munger, 97, answer questions for hours as they sip Coca-Colas and nibble on peanut brittle from See's Candies. Munger, Berkshire Hathaway’s vice chairman, is adored for his expansive knowledge and his maxims about business, investing, and life as well as his colorful language and humor. Famously, he would often say, after Buffett finished speaking, “I have nothing further to add.” Last year, due to the coronavirus pandemic, the Berkshire Hathaway annual meeting went virtual, with Buffett answering questions from afar in an empty CHI Health Center Arena without Munger.</p>\n<p>While Buffett is the more public and recognizable face for Berkshire Hathaway, the iconic conglomerate as it stands today was built to Munger’s blueprint of moving beyond so-called “cigar-butt” investing to “buying wonderful businesses at fair prices,” according to a shareholder letter commemorating the company’s 50th anniversary. Though Buffett credits Munger for his success, he also emphasizes that his friend and business partner has made him a “better person.”</p>\n<p>And so to commemorate the reunion of these two investing legends and long-time partners and friends, we’ve compiled some of our favorite Munger quotes:</p>\n<p><b>On learning</b></p>\n<p>“In my whole life, I have known no wise people (over a broad subject matter area) who didn’t read all the time — none, zero. You’d be amazed at how much Warren reads — and at how much I read. My children laugh at me. They think I’m a book with a couple of legs sticking out.”<i>—Poor Charlie's Almanack</i></p>\n<p>\"Without the method of learning, you're like a one-legged man in an ass-kicking contest. It's just not going to work very well.\"<i>—2021 Daily Journal AGM</i></p>\n<p>“I constantly see people rise in life who are not the smartest, sometimes not even the most diligent, but they are learning machines. They go to bed every night a little wiser than when they got up and boy does that help—particularly when you have a long run ahead of you.”<i>—2007 USC Law School Commencement Address</i></p>\n<p>“I think that a life properly lived is just learn, learn, learn all the time.”<i>—2017 Berkshire Hathaway Annual Meeting</i></p>\n<p>“Acquire worldly wisdom and adjust your behavior accordingly. If your new behavior gives you a little temporary unpopularity with your peer group then to hell with them.”<i>—Poor Charlie's Almanack</i></p>\n<p>“Live within your income and save so that you can invest. Learn what you need to learn.”<b><i>—</i></b><i>Damn Right! : Behind the Scenes with Berkshire Hathaway Billionaire Charlie Munger</i></p>\n<p><b>On investing and business:</b></p>\n<p>“Understanding both the power of compound interest and the difficulty of getting it is the heart and soul of understanding a lot of things.”<i>—Poor Charlie's Almanack</i></p>\n<p>“There are huge advantages for an individual to get into a position where you make a few great investments and just sit on your ass: You are paying less to brokers. You are listening to less nonsense. And if it works, the governmental tax system gives you an extra 1, 2 or 3 percentage points per annum compounded.” —<i>Worldly Wisdom by Charlie Munger 1995 - 1998</i></p>\n<p>“I have a friend who’s a fisherman he says, ‘I have a simple rule for success in fishing. Fish where the fish are.’ You want to fish where the bargains are. That simple. If the fishing is really lousy where you are you should probably look for another place to fish.”—2020 Daily Journal AGM</p>\n<p>“Mimicking the herd invites regression to the mean (merely average performance).”<i>—Poor Charlie's Almanack</i></p>\n<p>“The world is full of foolish gamblers and they will not do as well as the patient investors.”<i>—2018 Weekly in Stocks interview</i></p>\n<p>“It takes character to sit with all that cash and to do nothing. I didn’t get to be where I am by going after mediocre opportunities.”<i>—Poor Charlie's Almanack</i></p>\n<p>“I find it much easier to find four or five investments where I have a pretty reasonable chance of being right that they're way above average. I think it's much easier to find five than it is to find 100. I think the people who argue for all this diversification — by the way, I call it ‘deworsification’ — which I copied from somebody — and I'm way more comfortable owning two or three stocks which I think I know something about and where I think I have an advantage.” —<i>2021 Daily Journal AGM</i></p>\n<p>\"Usually, I don’t use formal projections. I don’t let people do them for me because I don’t like throwing up on the desk, but I see them made in a very foolish way all the time, and many people believe in them, no matter how foolish they are. It’s an effective sales technique in America to put a foolish projection on a desk.\"<i>—2003 Herb Kay Undergraduate Lecture University of California, Santa Barbara Economics Department</i></p>\n<p>\"I think the reason why we got into such idiocy in investment management is best illustrated by a story that I tell about the guy who sold fishing tackle. I asked him, 'My God, they're purple and green. Do fish really take these lures?' And he said, 'Mister, I don't sell to fish.'\" —\"A Lesson on Elementary, Worldly Wisdom As It Relates To Investment Management &amp; Business,\" 1994 speech at USC Business School</p>\n<p>“Capitalism without failure is like religion without hell.” —<i>Tao of Charlie Munger</i></p>\n<p><b>On mental models and decision-making frameworks:</b></p>\n<p>“We’ve had enough good sense when something is working very well to keep doing it. I’d say we’re demonstrating what might be called the fundamental algorithm of life — repeat what works.”<i>—2010 Berkshire Hathaway Annual Meeting</i></p>\n<p>“I spent a lifetime trying to avoid my own mental biases. A.) I rub my own nose into my own mistakes. B.) I try and keep it simple and fundamental as much as I can. And, I like the engineering concept of a margin of safety. I’m a very blocking and tackling kind of thinker. I just try to avoid being stupid. I have a way of handling a lot of problems — I put them in what I call my ‘too hard pile,’ and just leave them there. I’m not trying to succeed in my ‘too hard pile.’” —<i>2020 CalTech Distinguished Alumni Award interview</i></p>\n<p><b>On life:</b></p>\n<p>“I think life is a whole series of opportunity costs. You know, you got to marry the best person who is convenient to find who will have you. Investment is much the same sort of a process.”<i>—1997 Berkshire Hathaway Annual Meeting</i></p>\n<p>\"Another thing, of course, is life will have terrible blows, horrible blows, unfair blows. Doesn’t matter. And some people recover and others don’t. And there I think the attitude of Epictetus is the best. He thought that every mischance in life was an opportunity to behave well. Every mischance in life was an opportunity to learn something and your duty was not to be submerged in self-pity, but to utilize the terrible blow in a constructive fashion. That is a very good idea.\"<i>—2007 USC Law School Commencement Address</i></p>\n<p>“You don’t have a lot of envy, you don’t have a lot of resentment, you don’t overspend your income, you stay cheerful in spite of your troubles, you deal with reliable people and you do what you’re supposed to do. All these simple rules work so well to make your life better.”<i>—2019 CNBC interview</i></p>","source":"lsy1584348713084","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>21 brilliant quotes from legendary investor and polymath Charlie Munger</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n21 brilliant quotes from legendary investor and polymath Charlie Munger\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-30 21:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/21-brilliant-quotes-from-legendary-investor-and-polymath-charlie-munger-133315723.html><strong>Yahoo</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Berkshire Hathaway’s (BRK-A,BRK-B) annual shareholders meeting will take place in Los Angeles on May 1, with Warren Buffett reuniting with his long-time business partner Charlie Munger, who is based ...</p>\n\n<a href=\"https://finance.yahoo.com/news/21-brilliant-quotes-from-legendary-investor-and-polymath-charlie-munger-133315723.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/21-brilliant-quotes-from-legendary-investor-and-polymath-charlie-munger-133315723.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114554743","content_text":"Berkshire Hathaway’s (BRK-A,BRK-B) annual shareholders meeting will take place in Los Angeles on May 1, with Warren Buffett reuniting with his long-time business partner Charlie Munger, who is based in California, after a year apart.\nIn a normal year, thousands of people make the pilgrimage to Omaha, Nebraska, to listen to Buffett, 90, and Munger, 97, answer questions for hours as they sip Coca-Colas and nibble on peanut brittle from See's Candies. Munger, Berkshire Hathaway’s vice chairman, is adored for his expansive knowledge and his maxims about business, investing, and life as well as his colorful language and humor. Famously, he would often say, after Buffett finished speaking, “I have nothing further to add.” Last year, due to the coronavirus pandemic, the Berkshire Hathaway annual meeting went virtual, with Buffett answering questions from afar in an empty CHI Health Center Arena without Munger.\nWhile Buffett is the more public and recognizable face for Berkshire Hathaway, the iconic conglomerate as it stands today was built to Munger’s blueprint of moving beyond so-called “cigar-butt” investing to “buying wonderful businesses at fair prices,” according to a shareholder letter commemorating the company’s 50th anniversary. Though Buffett credits Munger for his success, he also emphasizes that his friend and business partner has made him a “better person.”\nAnd so to commemorate the reunion of these two investing legends and long-time partners and friends, we’ve compiled some of our favorite Munger quotes:\nOn learning\n“In my whole life, I have known no wise people (over a broad subject matter area) who didn’t read all the time — none, zero. You’d be amazed at how much Warren reads — and at how much I read. My children laugh at me. They think I’m a book with a couple of legs sticking out.”—Poor Charlie's Almanack\n\"Without the method of learning, you're like a one-legged man in an ass-kicking contest. It's just not going to work very well.\"—2021 Daily Journal AGM\n“I constantly see people rise in life who are not the smartest, sometimes not even the most diligent, but they are learning machines. They go to bed every night a little wiser than when they got up and boy does that help—particularly when you have a long run ahead of you.”—2007 USC Law School Commencement Address\n“I think that a life properly lived is just learn, learn, learn all the time.”—2017 Berkshire Hathaway Annual Meeting\n“Acquire worldly wisdom and adjust your behavior accordingly. If your new behavior gives you a little temporary unpopularity with your peer group then to hell with them.”—Poor Charlie's Almanack\n“Live within your income and save so that you can invest. Learn what you need to learn.”—Damn Right! : Behind the Scenes with Berkshire Hathaway Billionaire Charlie Munger\nOn investing and business:\n“Understanding both the power of compound interest and the difficulty of getting it is the heart and soul of understanding a lot of things.”—Poor Charlie's Almanack\n“There are huge advantages for an individual to get into a position where you make a few great investments and just sit on your ass: You are paying less to brokers. You are listening to less nonsense. And if it works, the governmental tax system gives you an extra 1, 2 or 3 percentage points per annum compounded.” —Worldly Wisdom by Charlie Munger 1995 - 1998\n“I have a friend who’s a fisherman he says, ‘I have a simple rule for success in fishing. Fish where the fish are.’ You want to fish where the bargains are. That simple. If the fishing is really lousy where you are you should probably look for another place to fish.”—2020 Daily Journal AGM\n“Mimicking the herd invites regression to the mean (merely average performance).”—Poor Charlie's Almanack\n“The world is full of foolish gamblers and they will not do as well as the patient investors.”—2018 Weekly in Stocks interview\n“It takes character to sit with all that cash and to do nothing. I didn’t get to be where I am by going after mediocre opportunities.”—Poor Charlie's Almanack\n“I find it much easier to find four or five investments where I have a pretty reasonable chance of being right that they're way above average. I think it's much easier to find five than it is to find 100. I think the people who argue for all this diversification — by the way, I call it ‘deworsification’ — which I copied from somebody — and I'm way more comfortable owning two or three stocks which I think I know something about and where I think I have an advantage.” —2021 Daily Journal AGM\n\"Usually, I don’t use formal projections. I don’t let people do them for me because I don’t like throwing up on the desk, but I see them made in a very foolish way all the time, and many people believe in them, no matter how foolish they are. It’s an effective sales technique in America to put a foolish projection on a desk.\"—2003 Herb Kay Undergraduate Lecture University of California, Santa Barbara Economics Department\n\"I think the reason why we got into such idiocy in investment management is best illustrated by a story that I tell about the guy who sold fishing tackle. I asked him, 'My God, they're purple and green. Do fish really take these lures?' And he said, 'Mister, I don't sell to fish.'\" —\"A Lesson on Elementary, Worldly Wisdom As It Relates To Investment Management & Business,\" 1994 speech at USC Business School\n“Capitalism without failure is like religion without hell.” —Tao of Charlie Munger\nOn mental models and decision-making frameworks:\n“We’ve had enough good sense when something is working very well to keep doing it. I’d say we’re demonstrating what might be called the fundamental algorithm of life — repeat what works.”—2010 Berkshire Hathaway Annual Meeting\n“I spent a lifetime trying to avoid my own mental biases. A.) I rub my own nose into my own mistakes. B.) I try and keep it simple and fundamental as much as I can. And, I like the engineering concept of a margin of safety. I’m a very blocking and tackling kind of thinker. I just try to avoid being stupid. I have a way of handling a lot of problems — I put them in what I call my ‘too hard pile,’ and just leave them there. I’m not trying to succeed in my ‘too hard pile.’” —2020 CalTech Distinguished Alumni Award interview\nOn life:\n“I think life is a whole series of opportunity costs. You know, you got to marry the best person who is convenient to find who will have you. Investment is much the same sort of a process.”—1997 Berkshire Hathaway Annual Meeting\n\"Another thing, of course, is life will have terrible blows, horrible blows, unfair blows. Doesn’t matter. And some people recover and others don’t. And there I think the attitude of Epictetus is the best. He thought that every mischance in life was an opportunity to behave well. Every mischance in life was an opportunity to learn something and your duty was not to be submerged in self-pity, but to utilize the terrible blow in a constructive fashion. That is a very good idea.\"—2007 USC Law School Commencement Address\n“You don’t have a lot of envy, you don’t have a lot of resentment, you don’t overspend your income, you stay cheerful in spite of your troubles, you deal with reliable people and you do what you’re supposed to do. All these simple rules work so well to make your life better.”—2019 CNBC interview","news_type":1},"isVote":1,"tweetType":1,"viewCount":390,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":101803563,"gmtCreate":1619870766252,"gmtModify":1634209380265,"author":{"id":"3582012732625728","authorId":"3582012732625728","name":"雷思理","avatar":"https://static.tigerbbs.com/6700e88b9547d9601772e685dc19e9aa","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582012732625728","authorIdStr":"3582012732625728"},"themes":[],"htmlText":"Can buy?","listText":"Can buy?","text":"Can buy?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/101803563","repostId":"1142070002","repostType":4,"repost":{"id":"1142070002","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1619792975,"share":"https://www.laohu8.com/m/news/1142070002?lang=&edition=full","pubTime":"2021-04-30 22:29","market":"us","language":"en","title":"NIO rose more than 5%, after falling nearly 4% before","url":"https://stock-news.laohu8.com/highlight/detail?id=1142070002","media":"Tiger Newspress","summary":"NIO Earnings Looked a Lot Like Ford’s. What to Know.Chinese electric vehicle maker NIO posted better than expected first quarter results. But the global automotive microchip shortage will hit production in the coming months.NIO  is a highly valued, high-growth stock. Now NIO bulls have to decide whether solid earnings will trump the growth hiccup or whether the chip shortage can hurt the company in the long run.NIO lost 23 cents a share on an adjusted, non-GAAP basis, from $1.2 billion in sales.","content":"<p>NIO rose more than 5%, after falling nearly 4% before.</p><p><img src=\"https://static.tigerbbs.com/80881ae9e6de48ac5e3733583db3ba9e\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><b>NIO Earnings Looked a Lot Like Ford’s. What to Know.</b></p><p>Chinese electric vehicle maker NIO posted better than expected first quarter results. But the global automotive microchip shortage will hit production in the coming months.</p><p>NIO (ticker: NIO) is a highly valued, high-growth stock. Now NIO bulls have to decide whether solid earnings will trump the growth hiccup or whether the chip shortage can hurt the company in the long run.</p><p>NIO lost&nbsp;23 cents&nbsp;a share on an adjusted, non-GAAP basis, from $1.2 billion in sales. Wall Street was looking for a comparable 84 cent loss from $1.1 billion in sales. NIO’s corporate gross profit margin came in at 19.5%, about 3 percentage points better than analysts projected and up from negative 12% a year ago. First quarter results look solid.</p><p>The stock isn’t moving though. NIO reported numbers at 5:30 p.m. eastern time and not a lot of stock is trading after hours. NIO shares closed down 5.3% in Thursday trading. TheS&amp;P 500&nbsp;and&nbsp;Dow Jones Industrial Average&nbsp;rose about&nbsp; 0.7%.</p><p>“NIO started the year of 2021 with a new quarterly delivery record of 20,060 vehicles in the first quarter,” said CEO William Bin Li in the company’s news release. “The overall demand for our products continues to be quite strong, but the supply chain is still facing significant challenges due to the semiconductor shortage.”</p><p>Management called the chip situation “very severe” on its conference call and projected 21,000 to 22,000 vehicle deliveries for the second quarter and sales of about $1.3 billion. The Street is projecting $1.2 billion in sales. But the unit delivery guidance is a little lower than Deutsche Bank analyst Edison Yu had expected.</p><p>For the full year, Yu is modeling 95,000 deliveries. With about 42,000 deliveries likely for the first half of 2021, the resolution of the global chip shortage will go a long way to deciding whether or not NIO can reach Yu’s number.</p><p>Yu rates NIO shares Buy and has a $60 price target for the stock.</p><p>The overall quarter feels a little like&nbsp;Ford Motor‘s (F) quarter, which was&nbsp;reported Wednesday. Ford reported sales and earnings far better than Wall Street projected. Unit volumes were below the company’s internal projections, but improving vehicle mix boosted sales beyond Street projections. Ford prioritized making higher-end vehicles in the face of limited chip supply. Looking ahead, Ford said the impact of the chip shortage would be at the high end of the company’s initial $1 billion to $2.5 billion cost guidance.</p><p>Ford stock close down 9.4% Thursday, the day after the Wednesday evening report. The NIO second-quarter guidance isn’t as surprising as Ford’s. And NIO doesn’t have full-year guidance. But calling NIO’s stock price reaction is difficult.</p><p>Ford trades for less than 7 times estimated 2022 earnings. NIO is expected to become profitable on a full-year basis in 2022. What’s more, NIO is worth about 50% more than Ford.</p><p>NIO’s conference call wrapped up about 10 p.m. eastern time. After the chip shortage, analysts focused questions on EV competition in China and NIO’s production expansion. NIO is putting in place&nbsp;capacity to produce&nbsp;hundreds of thousands of vehicles in coming years.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>NIO rose more than 5%, after falling nearly 4% before</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNIO rose more than 5%, after falling nearly 4% before\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-04-30 22:29</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>NIO rose more than 5%, after falling nearly 4% before.</p><p><img src=\"https://static.tigerbbs.com/80881ae9e6de48ac5e3733583db3ba9e\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p><b>NIO Earnings Looked a Lot Like Ford’s. What to Know.</b></p><p>Chinese electric vehicle maker NIO posted better than expected first quarter results. But the global automotive microchip shortage will hit production in the coming months.</p><p>NIO (ticker: NIO) is a highly valued, high-growth stock. Now NIO bulls have to decide whether solid earnings will trump the growth hiccup or whether the chip shortage can hurt the company in the long run.</p><p>NIO lost&nbsp;23 cents&nbsp;a share on an adjusted, non-GAAP basis, from $1.2 billion in sales. Wall Street was looking for a comparable 84 cent loss from $1.1 billion in sales. NIO’s corporate gross profit margin came in at 19.5%, about 3 percentage points better than analysts projected and up from negative 12% a year ago. First quarter results look solid.</p><p>The stock isn’t moving though. NIO reported numbers at 5:30 p.m. eastern time and not a lot of stock is trading after hours. NIO shares closed down 5.3% in Thursday trading. TheS&amp;P 500&nbsp;and&nbsp;Dow Jones Industrial Average&nbsp;rose about&nbsp; 0.7%.</p><p>“NIO started the year of 2021 with a new quarterly delivery record of 20,060 vehicles in the first quarter,” said CEO William Bin Li in the company’s news release. “The overall demand for our products continues to be quite strong, but the supply chain is still facing significant challenges due to the semiconductor shortage.”</p><p>Management called the chip situation “very severe” on its conference call and projected 21,000 to 22,000 vehicle deliveries for the second quarter and sales of about $1.3 billion. The Street is projecting $1.2 billion in sales. But the unit delivery guidance is a little lower than Deutsche Bank analyst Edison Yu had expected.</p><p>For the full year, Yu is modeling 95,000 deliveries. With about 42,000 deliveries likely for the first half of 2021, the resolution of the global chip shortage will go a long way to deciding whether or not NIO can reach Yu’s number.</p><p>Yu rates NIO shares Buy and has a $60 price target for the stock.</p><p>The overall quarter feels a little like&nbsp;Ford Motor‘s (F) quarter, which was&nbsp;reported Wednesday. Ford reported sales and earnings far better than Wall Street projected. Unit volumes were below the company’s internal projections, but improving vehicle mix boosted sales beyond Street projections. Ford prioritized making higher-end vehicles in the face of limited chip supply. Looking ahead, Ford said the impact of the chip shortage would be at the high end of the company’s initial $1 billion to $2.5 billion cost guidance.</p><p>Ford stock close down 9.4% Thursday, the day after the Wednesday evening report. The NIO second-quarter guidance isn’t as surprising as Ford’s. And NIO doesn’t have full-year guidance. But calling NIO’s stock price reaction is difficult.</p><p>Ford trades for less than 7 times estimated 2022 earnings. NIO is expected to become profitable on a full-year basis in 2022. What’s more, NIO is worth about 50% more than Ford.</p><p>NIO’s conference call wrapped up about 10 p.m. eastern time. After the chip shortage, analysts focused questions on EV competition in China and NIO’s production expansion. NIO is putting in place&nbsp;capacity to produce&nbsp;hundreds of thousands of vehicles in coming years.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1142070002","content_text":"NIO rose more than 5%, after falling nearly 4% before.NIO Earnings Looked a Lot Like Ford’s. What to Know.Chinese electric vehicle maker NIO posted better than expected first quarter results. But the global automotive microchip shortage will hit production in the coming months.NIO (ticker: NIO) is a highly valued, high-growth stock. Now NIO bulls have to decide whether solid earnings will trump the growth hiccup or whether the chip shortage can hurt the company in the long run.NIO lost 23 cents a share on an adjusted, non-GAAP basis, from $1.2 billion in sales. Wall Street was looking for a comparable 84 cent loss from $1.1 billion in sales. NIO’s corporate gross profit margin came in at 19.5%, about 3 percentage points better than analysts projected and up from negative 12% a year ago. First quarter results look solid.The stock isn’t moving though. NIO reported numbers at 5:30 p.m. eastern time and not a lot of stock is trading after hours. NIO shares closed down 5.3% in Thursday trading. TheS&P 500 and Dow Jones Industrial Average rose about  0.7%.“NIO started the year of 2021 with a new quarterly delivery record of 20,060 vehicles in the first quarter,” said CEO William Bin Li in the company’s news release. “The overall demand for our products continues to be quite strong, but the supply chain is still facing significant challenges due to the semiconductor shortage.”Management called the chip situation “very severe” on its conference call and projected 21,000 to 22,000 vehicle deliveries for the second quarter and sales of about $1.3 billion. The Street is projecting $1.2 billion in sales. But the unit delivery guidance is a little lower than Deutsche Bank analyst Edison Yu had expected.For the full year, Yu is modeling 95,000 deliveries. With about 42,000 deliveries likely for the first half of 2021, the resolution of the global chip shortage will go a long way to deciding whether or not NIO can reach Yu’s number.Yu rates NIO shares Buy and has a $60 price target for the stock.The overall quarter feels a little like Ford Motor‘s (F) quarter, which was reported Wednesday. Ford reported sales and earnings far better than Wall Street projected. Unit volumes were below the company’s internal projections, but improving vehicle mix boosted sales beyond Street projections. Ford prioritized making higher-end vehicles in the face of limited chip supply. Looking ahead, Ford said the impact of the chip shortage would be at the high end of the company’s initial $1 billion to $2.5 billion cost guidance.Ford stock close down 9.4% Thursday, the day after the Wednesday evening report. The NIO second-quarter guidance isn’t as surprising as Ford’s. And NIO doesn’t have full-year guidance. But calling NIO’s stock price reaction is difficult.Ford trades for less than 7 times estimated 2022 earnings. NIO is expected to become profitable on a full-year basis in 2022. What’s more, NIO is worth about 50% more than Ford.NIO’s conference call wrapped up about 10 p.m. eastern time. After the chip shortage, analysts focused questions on EV competition in China and NIO’s production expansion. NIO is putting in place capacity to produce hundreds of thousands of vehicles in coming years.","news_type":1},"isVote":1,"tweetType":1,"viewCount":284,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":103411314,"gmtCreate":1619799611938,"gmtModify":1631887027901,"author":{"id":"3582012732625728","authorId":"3582012732625728","name":"雷思理","avatar":"https://static.tigerbbs.com/6700e88b9547d9601772e685dc19e9aa","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582012732625728","authorIdStr":"3582012732625728"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/NOK\">$Nokia Oyj(NOK)$</a>📈也","listText":"<a href=\"https://laohu8.com/S/NOK\">$Nokia Oyj(NOK)$</a>📈也","text":"$Nokia Oyj(NOK)$📈也","images":[{"img":"https://static.tigerbbs.com/35611caa4a5956ce812312dd25d6f71a","width":"1125","height":"1949"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/103411314","isVote":1,"tweetType":1,"viewCount":362,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":101806888,"gmtCreate":1619871303344,"gmtModify":1634209378005,"author":{"id":"3582012732625728","authorId":"3582012732625728","name":"雷思理","avatar":"https://static.tigerbbs.com/6700e88b9547d9601772e685dc19e9aa","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582012732625728","authorIdStr":"3582012732625728"},"themes":[],"htmlText":"Go up pls","listText":"Go up pls","text":"Go up pls","images":[{"img":"https://static.tigerbbs.com/5804496b0f7a3f1903de639f9d9e5857","width":"1125","height":"2587"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/101806888","isVote":1,"tweetType":1,"viewCount":189,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":193723104,"gmtCreate":1620822575408,"gmtModify":1634196070108,"author":{"id":"3582012732625728","authorId":"3582012732625728","name":"雷思理","avatar":"https://static.tigerbbs.com/6700e88b9547d9601772e685dc19e9aa","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582012732625728","authorIdStr":"3582012732625728"},"themes":[],"htmlText":"Can buy","listText":"Can buy","text":"Can buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/193723104","isVote":1,"tweetType":1,"viewCount":139,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":376617711,"gmtCreate":1619109140833,"gmtModify":1634288469565,"author":{"id":"3582012732625728","authorId":"3582012732625728","name":"雷思理","avatar":"https://static.tigerbbs.com/6700e88b9547d9601772e685dc19e9aa","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582012732625728","authorIdStr":"3582012732625728"},"themes":[],"htmlText":"Good job","listText":"Good job","text":"Good job","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/376617711","repostId":"1132062035","repostType":4,"isVote":1,"tweetType":1,"viewCount":175,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":376617312,"gmtCreate":1619109019136,"gmtModify":1634288470160,"author":{"id":"3582012732625728","authorId":"3582012732625728","name":"雷思理","avatar":"https://static.tigerbbs.com/6700e88b9547d9601772e685dc19e9aa","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582012732625728","authorIdStr":"3582012732625728"},"themes":[],"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/376617312","repostId":"1109671088","repostType":4,"repost":{"id":"1109671088","pubTimestamp":1619105139,"share":"https://www.laohu8.com/m/news/1109671088?lang=&edition=full","pubTime":"2021-04-22 23:25","market":"us","language":"en","title":"Coca-Cola Stock: Is The Dividend Safe?","url":"https://stock-news.laohu8.com/highlight/detail?id=1109671088","media":"seekingalpha","summary":"Summary\n\nOn its face, Coca-Cola has a nice 3+ percent dividend.\nDigging into the financials, KO trad","content":"<p><b>Summary</b></p>\n<ul>\n <li>On its face, Coca-Cola has a nice 3+ percent dividend.</li>\n <li>Digging into the financials, KO trades for a very high P/E given its fundamentals and the dividend payout ratio has steadily risen over time.</li>\n <li>While KO's dividend is in no immediate danger, I do question its sustainability in the long run.</li>\n <li>I don't think the valuation for KO makes a whole lot of sense, and I would look elsewhere for yield.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/530d4a81c86e3243261b6ac5fae7ee6b\" tg-width=\"1536\" tg-height=\"1152\"><span>Photo by Eric Broder Van Dyke/iStock Editorial via Getty Images</span></p>\n<blockquote>\n Show me the money!\n</blockquote>\n<blockquote>\n -Rod Tidwell,\n <i>Jerry Maguire (1996).</i>\n</blockquote>\n<p>The Coca-Cola Company (KO) is a long-time dividend aristocrat and popular income stock with<i>Seeking Alpha</i>readers, but under the hood, there are some issues that investors should be aware of. Like the famous exchange in<i>Jerry Macguire</i>, companies need to show dividend investors the money, and in KO's case, I'm not seeing enough of it in their financial statements. Even if you're not a KO shareholder, the exercise of learning to analyze a company's income statement, cash flow statement, and balance sheet for dividend sustainability is something that every investor can benefit from.</p>\n<p>Somewhere along the way over the past 10 years, KO's&nbsp;dividend payout ratio&nbsp;went from a normal ~50 percent payout range that you typically see for consumer staple companies to over 100 percent in 2020. On its face, KO has a nice 3+ percent dividend. But I'm not completely convinced that the dividend can keep growing in the future, and the way things are going, there may even be pressure to cut it 3-5 years down the road.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4b20487ca269f1ab12fc361dd176690f\" tg-width=\"635\" tg-height=\"435\"><span>Data by YCharts</span></p>\n<p>Based on&nbsp;earnings estimates for 2021, the dividend is likely to absorb 75-80 percent of KO's earnings, which is an improvement from 2020. It's not entirely clear where the payout ratio becomes unsustainable, but the ratio is not in the range that I like to see. Analyst earnings estimates for next year and the year after are predicated on KO being able to pass commodity price increases through to consumers, which is a downside risk to KO's earnings if consumers respond by buying less. For cyclical companies in downturns, it's fairly common to borrow to maintain the dividend. For a consumer product company with fairly stable revenue like Coca- Cola, it's not common to see a payout ratio be over 100 percent, and it likely relates to the company's desire to remain a dividend aristocrat, which attracts ETF and mutual fund money into the stock. KO's earnings took a clear hit from coronavirus, but are expected to rebound to $2.17 per share for 2021 and $2.35 for 2022. KO's earnings for the year will cover the dividend of $1.68 per share, but Coca-Cola hasn't done much at all to grow its net income in the last decade. In fact, net income is actually down a bit over the last 10 years, but the share count has fallen as well, keeping things steady on the EPS front. At KO's current price, the stock trades for over 25x forward earnings, which would be fine if the company had stronger growth prospects, but in this case, I think the valuation makes this a surprisingly risky stock.</p>\n<p>Dividend purists like to compare dividend payouts to free cash flow, which is a tad higher than earnings, but Coca-Cola's&nbsp;free cash flow&nbsp;is being helped by spending less and less on capital expenditures over time. An optimist would say that they're just focusing on their core businesses, while a pessimist might say that they're underinvesting in their manufacturing and brand. For this reason, I would advise investors to at least assess KO's dividend safety on its earnings, not free cash flow.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/62ca4a357963f87fa0c6ca78701bae22\" tg-width=\"635\" tg-height=\"435\"><span>Data by YCharts</span></p>\n<p><b>Will KO Cut Its Dividend?</b></p>\n<p>Short-term, KO's dividend is in no immediate danger. Over the long term, I find the valuation and dividend policy in Coca-Cola a bit perplexing. Upon thinking a bit more, it makes sense to me. KO is held by a lot of mutual funds and ETFs due to being a large company that belongs to several popular groups of stocks. Academic research shows that investors prefer the shares of companies that are&nbsp;large, popular, and familiar, while companies with the opposite characteristics tend to have better long-run returns, all else being equal. Coca-Cola is a Dow Jones Industrial Average component, meaning that investors will buy the stock because it's well known, and ETFs that track the Dow will automatically have KO as a component. The Dow Jones Industrial SPDR ETF (DIA) is a prime example, with over $29 billion in AUM. This creates price-insensitive buyers for KO stock. Additionally, the company is a dividend aristocrat, which means that every ETF that tracks the dividend aristocrat ETF automatically has to buy in as well. To these points, it is mission-critical that KO can maintain the dividend and raise it at least 1 cent every year to remain a part of the dividend aristocrat list.</p>\n<p>Here is Coca-Cola's net income over time.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9906fb0f526c5224b86f02868539f4ba\" tg-width=\"640\" tg-height=\"501\"><span>Source: Macrotrends</span></p>\n<p>To me, KO should trade as a value stock, but the company is valued as a growth stock. This is the exact opposite of what I look for in a company. I view this as offering asymmetric downside to shareholders. Keep in mind that KO's net income is ostensibly benefitting from the Trump tax cuts as well, with the corporate tax rate dropping from 35 percent to 21 percent. This boosted S&amp;P 500 earnings ~20 percent across the board, although it isn't clear if the tax cuts helped KO as much from looking at their financial statements (KO seemed to have had a very low tax rate before).</p>\n<p><b>Conclusion: Is Coca-Cola a good dividend stock?</b></p>\n<p>Investing is a game that is played for money, and investors can learn a lot from studying other games. Value investing is a lot like sports betting, where you have to compare the valuation of a company to how good the business is likely to do–just as sports bettors have to compare teams to their point spreads and money-line odds. Portfolio strategy is like poker, where an understanding of basic math and psychology helps you win. Accounting and reading financial statements are like chess, in that if you don't understand the themes of what is going on, you're likely to fall into traps and lose quickly to better-informed parties. In the case of KO, the valuation is high, the psychology of popularity means that the company is likely to be valued higher than it otherwise would be (with downside to this if the company loses popularity), and the financial statements show that dividend investors may not be aware of the stagnation in company performance. With these in mind, I'd look elsewhere rather than KO for dividends.</p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Coca-Cola Stock: Is The Dividend Safe?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCoca-Cola Stock: Is The Dividend Safe?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-22 23:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4420550-coca-cola-stock-dividend-safe><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nOn its face, Coca-Cola has a nice 3+ percent dividend.\nDigging into the financials, KO trades for a very high P/E given its fundamentals and the dividend payout ratio has steadily risen over ...</p>\n\n<a href=\"https://seekingalpha.com/article/4420550-coca-cola-stock-dividend-safe\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"KO":"可口可乐"},"source_url":"https://seekingalpha.com/article/4420550-coca-cola-stock-dividend-safe","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1109671088","content_text":"Summary\n\nOn its face, Coca-Cola has a nice 3+ percent dividend.\nDigging into the financials, KO trades for a very high P/E given its fundamentals and the dividend payout ratio has steadily risen over time.\nWhile KO's dividend is in no immediate danger, I do question its sustainability in the long run.\nI don't think the valuation for KO makes a whole lot of sense, and I would look elsewhere for yield.\n\nPhoto by Eric Broder Van Dyke/iStock Editorial via Getty Images\n\n Show me the money!\n\n\n -Rod Tidwell,\n Jerry Maguire (1996).\n\nThe Coca-Cola Company (KO) is a long-time dividend aristocrat and popular income stock withSeeking Alphareaders, but under the hood, there are some issues that investors should be aware of. Like the famous exchange inJerry Macguire, companies need to show dividend investors the money, and in KO's case, I'm not seeing enough of it in their financial statements. Even if you're not a KO shareholder, the exercise of learning to analyze a company's income statement, cash flow statement, and balance sheet for dividend sustainability is something that every investor can benefit from.\nSomewhere along the way over the past 10 years, KO's dividend payout ratio went from a normal ~50 percent payout range that you typically see for consumer staple companies to over 100 percent in 2020. On its face, KO has a nice 3+ percent dividend. But I'm not completely convinced that the dividend can keep growing in the future, and the way things are going, there may even be pressure to cut it 3-5 years down the road.\nData by YCharts\nBased on earnings estimates for 2021, the dividend is likely to absorb 75-80 percent of KO's earnings, which is an improvement from 2020. It's not entirely clear where the payout ratio becomes unsustainable, but the ratio is not in the range that I like to see. Analyst earnings estimates for next year and the year after are predicated on KO being able to pass commodity price increases through to consumers, which is a downside risk to KO's earnings if consumers respond by buying less. For cyclical companies in downturns, it's fairly common to borrow to maintain the dividend. For a consumer product company with fairly stable revenue like Coca- Cola, it's not common to see a payout ratio be over 100 percent, and it likely relates to the company's desire to remain a dividend aristocrat, which attracts ETF and mutual fund money into the stock. KO's earnings took a clear hit from coronavirus, but are expected to rebound to $2.17 per share for 2021 and $2.35 for 2022. KO's earnings for the year will cover the dividend of $1.68 per share, but Coca-Cola hasn't done much at all to grow its net income in the last decade. In fact, net income is actually down a bit over the last 10 years, but the share count has fallen as well, keeping things steady on the EPS front. At KO's current price, the stock trades for over 25x forward earnings, which would be fine if the company had stronger growth prospects, but in this case, I think the valuation makes this a surprisingly risky stock.\nDividend purists like to compare dividend payouts to free cash flow, which is a tad higher than earnings, but Coca-Cola's free cash flow is being helped by spending less and less on capital expenditures over time. An optimist would say that they're just focusing on their core businesses, while a pessimist might say that they're underinvesting in their manufacturing and brand. For this reason, I would advise investors to at least assess KO's dividend safety on its earnings, not free cash flow.\nData by YCharts\nWill KO Cut Its Dividend?\nShort-term, KO's dividend is in no immediate danger. Over the long term, I find the valuation and dividend policy in Coca-Cola a bit perplexing. Upon thinking a bit more, it makes sense to me. KO is held by a lot of mutual funds and ETFs due to being a large company that belongs to several popular groups of stocks. Academic research shows that investors prefer the shares of companies that are large, popular, and familiar, while companies with the opposite characteristics tend to have better long-run returns, all else being equal. Coca-Cola is a Dow Jones Industrial Average component, meaning that investors will buy the stock because it's well known, and ETFs that track the Dow will automatically have KO as a component. The Dow Jones Industrial SPDR ETF (DIA) is a prime example, with over $29 billion in AUM. This creates price-insensitive buyers for KO stock. Additionally, the company is a dividend aristocrat, which means that every ETF that tracks the dividend aristocrat ETF automatically has to buy in as well. To these points, it is mission-critical that KO can maintain the dividend and raise it at least 1 cent every year to remain a part of the dividend aristocrat list.\nHere is Coca-Cola's net income over time.\nSource: Macrotrends\nTo me, KO should trade as a value stock, but the company is valued as a growth stock. This is the exact opposite of what I look for in a company. I view this as offering asymmetric downside to shareholders. Keep in mind that KO's net income is ostensibly benefitting from the Trump tax cuts as well, with the corporate tax rate dropping from 35 percent to 21 percent. This boosted S&P 500 earnings ~20 percent across the board, although it isn't clear if the tax cuts helped KO as much from looking at their financial statements (KO seemed to have had a very low tax rate before).\nConclusion: Is Coca-Cola a good dividend stock?\nInvesting is a game that is played for money, and investors can learn a lot from studying other games. Value investing is a lot like sports betting, where you have to compare the valuation of a company to how good the business is likely to do–just as sports bettors have to compare teams to their point spreads and money-line odds. Portfolio strategy is like poker, where an understanding of basic math and psychology helps you win. Accounting and reading financial statements are like chess, in that if you don't understand the themes of what is going on, you're likely to fall into traps and lose quickly to better-informed parties. In the case of KO, the valuation is high, the psychology of popularity means that the company is likely to be valued higher than it otherwise would be (with downside to this if the company loses popularity), and the financial statements show that dividend investors may not be aware of the stagnation in company performance. With these in mind, I'd look elsewhere rather than KO for dividends.","news_type":1},"isVote":1,"tweetType":1,"viewCount":161,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":103597837,"gmtCreate":1619792354629,"gmtModify":1634209894568,"author":{"id":"3582012732625728","authorId":"3582012732625728","name":"雷思理","avatar":"https://static.tigerbbs.com/6700e88b9547d9601772e685dc19e9aa","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582012732625728","authorIdStr":"3582012732625728"},"themes":[],"htmlText":"Good//<a href=\"https://laohu8.com/U/3581563483877763\">@qiqi87</a>:Good article&nbsp;","listText":"Good//<a href=\"https://laohu8.com/U/3581563483877763\">@qiqi87</a>:Good article&nbsp;","text":"Good//@qiqi87:Good article","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/103597837","repostId":"1190470447","repostType":4,"isVote":1,"tweetType":1,"viewCount":350,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}