I just ran my MFI Formula Screen against top 50 over $200m. This then filters that list so you only get stocks with a dividend yield > 2.4% and market cap greater than $800m. Here is filtered list:
| Ticker | Market Cap | Price | Dividend | Yield |
| MO | 91,485 | 48.74 | 3.00 | 6.16% |
| BBY | 16,369 | 60.18 | 0.80 | 2.99% |
| HRB | 4,953 | 24.10 | 0.99 | 4.11% |
| BKE | 866 | 17.66 | 1.00 | 5.66% |
| CJREF | 954 | 4.50 | 0.24 | 5.33% |
| GME | 1,168 | 11.43 | 1.52 | 13.30% |
| HPQ | 36,323 | 23.28 | 0.58 | 2.48% |
| KLAC | 16,376 | 108.19 | 3.00 | 2.77% |
| STX | 12,878 | 45.71 | 2.52 | 5.51% |
| VGR | 1,676 | 11.88 | 1.56 | 13.15% |
| VIAB | 11,750 | 29.15 | 0.80 | 2.74% |
I gotta tell you. When I look at these 11 names, I am very unexcited. If I were bringing my biases to the table, there are not many names here I'd buy.
MO - just seems tobacco is out. Vaping is growing. Weed is growing. These firms have a lot of debt. I don't know.
BBY - retail just in continuously under fire.
HRB - one of better looking names to me. I guess fear is that new tax laws are "simpler" so fewer will use HRB. Also, definitely subject to disruption.
BKE - see BBY.
CJREF - TV broadcasting. Looks ok but this is another area under direct attack with rise of you Tube, Netflix etc.
GME - probably worse retail than BKE and BBY. Seems dividend cut is imminent.
HPQ - maybe one of better options.
KLAC - a lot of people think we're in down cycle for semi manufacturers. But again, looks like one of better options to me.
STX - ok with this, I guess Tech is my investment of choice.
VGR - see MO, but perhaps even more at risk. I could see a dividend cut here.
VIAB - under attack like CJREF (do kids still watch Nickelodeon?). But, still a top 5 on this list for me.
So 6 names here I'd be cautiously optimistic about. One or two I just really would not want to buy for fear of dividend cut.
We will see how things change by 4/1.
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3 comments:
If stocks like KLAC appear on the MFI list: never hesitate to buy. They are market leader (80% share) in their domain.
Kraft Heinz: another +5% dividend yield company slashing its dividend. Result: -20%
I like KLAC for their low exposure to China. I'm very very short BBY puts. BBY is a great MN company and I pray for their sucess. However, I just don't see how they can suceed against the behemoths. Be happy if I am wrong eh?
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