This is a portfolio update episode, lead portfolio manager Glenn Busch discusses why we sold Alcon (ALC) a recent dividend paying spin-off. Glenn also discusses why we sold a long-term position in Anheuser-Busch InBev (BUD). 

Show Notes:

www.amminvest.com/episode5

Original Anheuser-Busch InBev (BUD) Dividend Letter

AMM Dividend Letter #7

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Books:

You Can be a Stock Market Genius

AMM Dividend Letter Vol. 1

AMM Dividend Letter Vol. 2

AMM Dividend Letter Vol. 3

Learn more about American Money Management, LLC.

www.amminvest.com

In this episode I discuss our position in Intuit (INTU).  Why we consider it a new dividend payer. Its dividend safety. I then get into the two effects, switching costs and network effects, that are creating an economic moat around Intuit's QuickBooks Online business. I also discuss the growth and market share potential for QuickBooks. I'll briefly talk about Turbo Tax too. Then I get into the risks with our investment and the specific risks for QuickBooks Online. Finally, I get into our estimate of fair value for Intuit (INTU).

Show notes and full transcript

www.amminvest.com/episode4

Download AMM Dividend Letter #41

How Brewing Beer is Like Investing

Links Mentioned:

AMM YouTube Channel

History of Public SaaS Returns and Valuation

Books:

AMM Dividend Letter Vol. 1

AMM Dividend Letter Vol. 2

AMM Dividend Letter Vol. 3

Learn more about American Money Management, LLC.

www.amminvest.com

In this episode we break down our position in Charles Schwab (SCHW) for the AMM Dividend Growth Strategy. I explain why we classify Charles Schwab as a new dividend payer even though it has paid a dividend for quite a while. I get into how safe Schwab's dividend is. Then I discuss  the two long-term secular growth trends that Charles Schwab is riding to drive further price appreciation and dividend growth. I'll cover some of the risks to our investment and finally I'll get into how we arrive at our estimate of fair value for Charles Schwab.

Show notes and full transcript

www.amminvest.com/episode3

Download AMM Dividend Letter #40

The Emoji Guide to Investing & Charles Schwab (SCHW)

Books:

AMM Dividend Letter Vol. 1

AMM Dividend Letter Vol. 2

AMM Dividend Letter Vol .3

Learn more about American Money Management, LLC.

www.amminvest.com

eBay is a recent addition to the AMM dividend growth portfolio. eBay just announced a new $0.14 per share quarterly dividend which equates to a 1.47% dividend yield. In this episode, I'll discuss why we like to invest in companies that initiate a dividend and how eBay has the ability to keep growing its new dividend. eBay is also attractive as a special situation investment because two activist shareholders are pushing for the spin-off or sale of two non-core but very valuable assets, Stub Hub and eBay's online classifieds business. Then using a sum of the parts analysis, I'll discuss how he market is undervaluing eBay today.

Show notes and the full transcript

Episode 2

Download AMM Dividend Letter #39

Proving Yourself Wrong & eBay

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Books:

AMM Dividend Letter Vol. 1

AMM Dividend Letter Vol. 2

AMM Dividend Letter Vol. 3

Since 2010 Starbucks (SBUX) has grown its quarterly dividend at a compound annual growth rate of 24.53%!  In this episode we discuss the catalysts that will allow Starbucks to continue to grow its dividend each year. We also cover the potential risks and what we think is a fair value to pay for Starbucks today.

Show notes and the full transcript.

Episode 001

Download the full Starbucks dividend letter below

AMM Dividend Letter #38: Loss Aversion, Fear, and Starbucks

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Books:

AMM Dividend Letter Vol. 1

AMM Dividend Letter Vol. 2

AMM Dividend Letter Vol. 3

You can find Pershing Square's Starbucks presentation  below.

Doppio