"frightened
investors are fleeing to the safety of Treasury bonds at the precise
time when the risk of owning them is perhaps the highest in recorded
history. This is especially true for the long bond, but also applies to
shorter-term bonds. If bond
yields were to move back to historical normal levels, the market value
of longer-term Treasury bonds could easily be cut in half. [...]
In the
meantime, the common stock of Johnson & Johnson (JNJ), a company
which now has a higher credit rating than the US government, is trading
at its lowest valuation in more than 20 years. Consequently,
this Dividend Champion, which has raised its dividend every year for 49
years running, currently offers a dividend yield that is higher than
the interest yield you can receive on a 30-year Treasury bond. When you
consider that the Treasury bond’s yield is fixed while Johnson &
Johnson (JNJ) offers a legacy of growth yield (increasing yield on
cost), the choice seems so obvious. Nevertheless, it's the Treasury
bond that investors are currently flocking to.
Dividendmonk
Analys av USAs största sopbolag. Munken tycker att WM har en stark affärsmodell och att aktien är rimligt värderad.
Spartacus Invest
Spartacus skriver om Fredrik Lundbergs investeringsfilosofi samt om Lundbergs historik. Bra komplement till min mer numeriska analys tycker jag.
Stockman
30-talet går igen
30-talet går igen
Stockman drar paralleller mellan dagens situation och 30-talet.
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