Opinions
Mike S. Newton, CIM FCSI
PowerShares KBW High Div Yld Fincl ETF
KBWD-Q
COMMENT
Sep 25, 2018
$23.070
Stock price when the opinion was issued
E.T.F.'s
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COMMENT
These are mostly the smaller regional banks, which are raising their dividends after passing the stress test. Higher interest rates will not hurt these dividends unless we get rising rates at the short end of the curve without a commensurate rise of the 10-year rate. Nothing wrong with this ETF at all.
E.T.F.'s
BUY
Enjoyed an upgrade today. Shares are down from its peak due to the collapse in the capital market activity (we all know that) and recession fears. But this trading at tangible book value and boasts big cash flow and earnings. They will buy back shares this and next year at attractive prices. This offers hie ROE. Easy to buy now.
E.T.F.'s
This should be doing a lot better. They don't have much international exposure, so a strong ISD doesn't effect them. Also owns HBG, also surprised it hasn't moved up more. But he would be in these names.