Over the last three weeks we have finally started to have warm spring and summer weather here in Vancouver. After a long winter this was a much needed break! Between busy shifts at work, and the nice weather – blogging has been less of a priority. Last year I took on landscaping the front yard, and this year I’ve decided to tackle the back yard. I’m starting with a nice curved walkway built up with a rock wall on one side, a small patio, and then some raised beds. I think I’m going to have a busy summer.
As well as our back yard, the Ninja was also due for some redesign. Some of you may have noticed the Ninja was brought into a new theme. I loved the look of the original Ninja, but it was becoming a problem with all the plugins to make it run, and having to constantly tweak code to add any features etc. I also wanted to tone down some of the yellow in the sidebar. I decided on using Theme Junkie, the same framework I used when I redesigned youngandthrifty.ca. I wanted to make sure I kept the original theme and design style of the previous Ninja. A few tweaks here and there, optimizing some code, and I’m pleased with the new look!
The Facebook IPO
Two weeks ago, I set out to write an article on the Facebook IPO. Since then its morphed into a seven page article (4000 words), and last week I published the first two parts. A few of the points I had considered in my original draft, such as the IPO being overvalued and issues with earnings have already transpired, yet the IPO itself has turned into a megalithic mess. It’s hard to understand why anyone would even consider wanting to buy in at this point.
In Part-1 of this series, I looked at Facebook’s historic IPO and its lacklustre start off the finish line with its closing share price only up 23 cents from its original IPO price. I looked at the risks associated with buying an IPO, especially when you buy a company without a long standing corporate history. I also looked at Facebook’s valuation at $38 per share, which is already being shorted, and showing early signs of being overvalued.
In Part-2, I continued to look at Facebook’s recent decline off the finish line. I also examine its business model, and revenue model. In Part-3 I’ll continue to look at other reasons why you should not buy Facebook, including legal and privacy issues, shareholder control, and the similarity of Groupon’s problems with potential issues for Facebook.
Part-3 will be coming to your inbox on Monday morning!
The Weekly Lineup
Here is a new website on analyzing Canadian dividend stocks, and some great links for your weekend reading:
A new website has just been launched, iTSX.ca. This is a fabulous site that lets you screen divided paying stocks which trade on the TSX. You can screen based on a yield, PE, and market cap, which is a great start for screening criteria. The big bonus is you can also screen ETFs based on yield as well. It’s early days for the site, but there is a lot of potential here!
A belated birthday wish goes out to Dividend Mantra, who celebrated his 30th Birthday back on the 12th! Drop by his blog and wish him the best. You have to give this 30 year old credit, since at his age he already has a 67.9K portfolio of quality dividend paying stocks! He will easily be a millionaire when he is my age. Inspiring isn’t it? How many 30 year olds do you know that have little debt with nearly 70K of investments under their belt? Well done Mantra!
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My Own Advisor (not really my advisor) wrote a great two part review of Rob Carrick’s, Guide to What’s Good, Bad and Downright Awful in Canadian Investments Today. Carrick published his book back in December 2009, but the advice in this book is timeless, and the material here is something every investor should read. Be sure to read Marks review in Part-1 and Part-2.
Over at Vix Money, Vicky discussed XRE, the iShares S&P/TSX Capped REIT Index Fund. With a 4.62% yield, and holding 13 REITs, it’s an ETF worth considering. However, consider that REITs have had a huge run up in price since 2009, with yield hungry investors pouring their dollars into these real-estate trusts. So XRE is not a bargain!
The Passive Income Earner tells you how to review your financial plan, and he even provides a spreadsheet on Google to show you how! I’ve never really been one for budgeting to be honest.
The Dividend Guy wrote an excellent post on how dividend aristocrats have done over the last 5 years. DG provided an honest approach here, looking at both the pros and cons – an interesting post.
The Dividend Monk writes excellent dividend stock analyses. In his latest article, 5 Reliable Dividend Payers Boosting Payouts, Matt looks at big blue-chip companies like Pepsi, Exxon and Chubb.
Have a nice weekend everyone!