|
Post by chang on Apr 8, 2022 17:52:18 GMT
I'll fill in the background later, but I'm looking for one or two good stock picks among European companies. They do NOT need to have ADRs or be traded on the NYSE/Nasdaq.
These will be B&H: hence I am looking for stable, profitable, high ROE, low beta, dividend payers. Preferably undervalued. Not looking for speculative growth stocks.
I would appreciate tips from holders of individual European stocks with (positive) knowledge and experience. TIA.
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Apr 8, 2022 20:02:55 GMT
Total, Shell. I am personally stalking Diageo. Maybe Unilever.
Total - Total - Russia exposure; value priced; good dividend Shell - might be only fair priced now Diageo - not value priced - great company Unilever - value priced - potential organic growth issues
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Apr 8, 2022 21:52:14 GMT
Total I used to have Total many years back. I think Stock has not done anything since 2009 or longer. So is it a purely for a dividend buy?
|
|
|
Post by alvinthechipmunk on Apr 8, 2022 23:24:10 GMT
KRYAY. Kerry Group. Ireland. The long-term chart shows a pretty good entry point right now... There's a dividend, but under 1%. I do not own it. Have tracked it for years. Irishman here. I owned IRL (CEF) in another lifetime. Also obtainable as KRZ (Dublin.) And KRYAF. "Kerry Group plc, together with its subsidiaries, develops, manufactures, and delivers taste and nutrition solutions for the food, beverage, and pharmaceutical industries in Europe, the Middle East, Africa, the Americas, and the Asia Pacific." At the moment, Morningstar rates the ADR at a -5% discount. Website "Simply Wall Street" asserts a -20% discount today. Morningstar: "Kerry Group is a leading global ingredient and flavor technology company serving the food, beverage, and pharmaceutical industries. The company supplies 18,000 food and ingredient products to clients in 150 countries from 151 manufacturing plants. It derives about 80% of its sales from developed countries and 20% from the developing world, serving a wide range of end-use markets, including meat, meals, snacks, dairy, beverages, and pharma. Kerry has expanded through organic growth complemented by numerous tuck-in acquisitions." HQ in the southwest of Ireland: Tralee, County Kerry. en.wikipedia.org/wiki/Traleewww.morningstar.com/stocks/pinx/kryay/quote
|
|
|
Post by alvinthechipmunk on Apr 9, 2022 21:53:00 GMT
Smaller companies trading in the US. Then you would not be buying ADRs. OK, understood. Regional banks have been a fav. flavor for me to keep track of, for many years---- even though I was locked into mutual funds for all those years. CADE Cadence Bank. Recently changed name or merged, from BancorpSouth. Tupelo, Mississippi. Market Cap: 4.9B. But elsewhere, M* says it's a $13B bank. 300 branches. MS, AR, TN, LA, TX, AL, MO and FL. Lovely dividend. 3.32%. TBNK. Territorial Savings Bank, Hawaii. Div. of 3.98%. Mkt. Cap = $215M. -10% disc right now, per Morningstar. www.morningstar.com/stocks/xnas/tbnk/quotewww.morningstar.com/stocks/xnys/cade/quote
|
|
|
Post by chang on Apr 10, 2022 9:30:30 GMT
Alvin: looking for Eurozone companies only.
Reason: I want to achieve some concessions from my European banker on fees, and to show some goodwill on my part I will offer to buy and hold some stocks in their bank. There will be some minor purchase and custodial charges, so ideally I’d like to find something NOT available in the US. (Which is not easy, since almost *everything* is available at US brokerages.)
Ideally a good stock (high ROE, low beta, nice divvy) that doesn’t have an ADR which trades on the US exchanges. Failing that, I’ll probably buy some Nestle, Roche and/or ASML. All good companies I would be comfortable to hold for the next 20 years.
But I’d sure like a hot mid-cap stock tip.
|
|
|
Post by alvinthechipmunk on Apr 10, 2022 20:08:11 GMT
Alvin: looking for Eurozone companies only. Reason: I want to achieve some concessions from my European banker on fees, and to show some goodwill on my part I will offer to buy and hold some stocks in their bank. There will be some minor purchase and custodial charges, so ideally I’d like to find something NOT available in the US. (Which is not easy, since almost *everything* is available at US brokerages.) Ideally a good stock (high ROE, low beta, nice divvy) that doesn’t have an ADR which trades on the US exchanges. Failing that, I’ll probably buy some Nestle, Roche and/or ASML. All good companies I would be comfortable to hold for the next 20 years. But I’d sure like a hot mid-cap stock tip. ec.europa.eu/growth/news/winners-european-small-and-mid-cap-awards-2021-announced-2021-11-17_en
|
|
comlb
Lieutenant
Posts: 68
|
Post by comlb on Apr 13, 2022 15:41:17 GMT
a recurring challenge I find in Euro and non-US companies is dividend taxes. Many great dividend payers in Swizterland, France, Sweden, et al, but depending where you live it can be a 25-35% dividend tax. This makes UK companies generally more attractive for a lot of situations. Disclaimer- Not tax advice, and I am not an accountant, and everyone's situation is different.
Dividend data from M* Vodafone (UK) - 5.9% Svenska Handelsbanken (Sweden) - 5.6% GSK (UK) - 4.7%* Unilever (UK) - 4.5% Kone (Finland) elevators - 4.6% Michelin (France) - 3.9% Reckitt Benckiser (UK) - 3.1% Chr Hansen (Denmark) - 2.6%
The GSK yield is likely to be reduced based on what they said for the consumer health de-merger. Have to review different tax rules for all the different countries which often makes the headline yield less exciting. Too bad because there are a lot of quality firms there. Wish there were more countries with a UK-like dividend arrangement.
|
|
|
Post by retiredat48 on Apr 13, 2022 20:43:35 GMT
chang ,... As you enter retirement soon, what is wrong with TIBIX, Thornburg Income Builder Fund. Great chart...trending above 200 day Moving Average. Recent selloff with Russia stuff. 7% yield. Put in tax advantaged space. Gets a goodly amount of Europe. R48
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Apr 13, 2022 22:10:23 GMT
Check out Siemens. (Not a small/mid cap, and does have an ADR.) Only pays a dividend once a year. German withholding taxes are pretty hefty.
|
|
|
Post by chang on Apr 14, 2022 14:49:20 GMT
chang ,... As you enter retirement soon, what is wrong with TIBIX, Thornburg Income Builder Fund. Great chart...trending above 200 day Moving Average. Recent selloff with Russia stuff. 7% yield. Put in tax advantaged space. Gets a goodly amount of Europe. R48 TIBIX doesn't work for a few reasons. (1) It doesn't do what I need: I am looking for a few good stocks to buy in a European account, not a mutual fund. (2) TIBIX's history of volatility and steep declines doesn't suit me. I have owned it before; won't own it again. (3) I think TIBIX is fundamentally flawed: as a tax-inefficient OEF it belongs in an IRA, but in an IRA you can't claim a tax deduction for the foreign taxes withheld. I hold all dividend paying foreign stocks (except Canadian) in my taxable account; namely, SCHY. I hold FICDX in my IRA because there is a special agreement with Canadian companies not to withhold taxes in American IRAs. I also hold FEMKX in my IRA, but it pays almost no dividends.
|
|
|
Post by chang on Apr 15, 2022 17:42:26 GMT
Some links on this question that I've been reading:
|
|
|
Post by chang on Apr 16, 2022 7:24:13 GMT
|
|
|
Post by chang on Apr 18, 2022 5:20:11 GMT
Final buy list:
Novartis Sanofi Roche Nestlé NovoNordisk ASML TotalEnergies ING Groep
|
|
|
Post by roi2020 on Apr 18, 2022 6:12:20 GMT
FWIW, one of my foreign funds (MIEIX CIT clone) holds Roche, Nestlé, Novo Nordisk, and Compagnie Financière Richemont. The fund's managers implement a growth-at-a-reasonable price style with a quality bias. According to M*, more than two thirds of MIEIX holdings have a wide or narrow economic moat which is much more than its foreign large-cap peers.
|
|
|
Post by chang on Apr 18, 2022 7:18:51 GMT
FWIW, one of my foreign funds (MIEIX CIT clone) holds Roche, Nestlé, Novo Nordisk, and Compagnie Financière Richemont. The fund's managers implement a growth-at-a-reasonable price style with a quality bias. According to M*, more than two thirds of MIEIX holdings have a wide or narrow economic moat which is much more than its foreign large-cap peers. I examined some mutual fund holdings as part of my review ... I mainly looked at Foreign "Value" funds, though. I didn't keep track, but I'm sure I looked at CIVIX, ARTKX, DODFX, OAKIX, VTRIX, VZICX, …?
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on May 26, 2022 9:43:38 GMT
Chang - thanks for the traffic direction.
I looked at my developed market etfs and fund as I intend to add - FIGRX, IXUS, VEA, VSS, VSK, EWU, and EFA. They have some good holdings, so might just add to what I have - what a novel idea!
I am intrigued by energy and other commodities. Have been mulling over BP and TTE. Already have SHEL and some Canadian energy/materials exposure. But if DEO dives further would like to pick it back up.
FIGRX is in a taxable and I have some large capital losses. I really like FIGRX though and it has made a shift to energy. Have harvested the heck out of my losses in FEMKX.
|
|
|
Post by chang on May 26, 2022 11:53:30 GMT
I looked at my developed market etfs and fund as I intend to add - FIGRX, IXUS, VEA, VSS, VSK, EWU, and EFA. They have some good holdings, so might just add to what I have - what a novel idea! I don't see a ticker "VSK" .....
|
|
|
Post by fishingrod on May 26, 2022 12:12:13 GMT
|
|
|
Post by fishingrod on May 26, 2022 13:23:01 GMT
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on May 28, 2022 10:03:32 GMT
Last week - as part of harvesting substantial losses from FEMKX, I bought some INDA. I assumed since it was 25% off its peak - good to go. Au contraire - it has a higher p/e and had a fantastic run up. I think it has room to fall - so I sold it and will wait for a better entry point.
Instead - not finding much for emerging - TSM got a bid on Friday - I added a bit to FEDDX. And I bought RHHBY - Roche Holdings - Swiss pharma.
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on May 28, 2022 12:10:41 GMT
I wonder if Swedish defence and aerospace company SAABY will be a beneficiary of the current situation in Europe. Their fighter jet, the Gripen is already used by the Czech airforce and is interoperable with NATO. My first car was a 1968 Saab 96. Gosh, I loved that car.
|
|
|
Post by richardsok on May 28, 2022 21:40:33 GMT
Takes me back, dj. Had earliest romantic *ahem* adventures in back seat of a '68 Saab. She eventually dumped me -- but kept the car.
------------
As to OP, picked up a block of ING a couple of weeks ago. Very favorable chart.
|
|
|
Post by chang on Jun 2, 2022 20:05:19 GMT
I ended up buying Roche (RHHBY), Nestlé (NSRGY), ASML (ASML), TotalEnergies (TTE), and ING Groep (ING), last month. I probably should have picked up some NVS and SNY, but, well, I didn't.
Anyway, these are up anywhere from 0-20% from my buy prices. The question now is -- "pyramid up" and add? Or just hold? It doesn't really make sense to hold a big divvy-payer like ING unless you own enough of it for the divvy to be meaningful. I bought big buckets of Roche and Nestle and can happily stand pat. But I bought too little of Total and ING ... and could easily double, triple or quadruple my holdings to give them a little more impact.
Thoughts?
|
|
|
Post by win1177 on Jun 2, 2022 22:40:24 GMT
I ended up buying Roche (RHHBY), Nestlé (NSRGY), ASML (ASML), TotalEnergies (TTE), and ING Groep (ING), last month. I probably should have picked up some NVS and SNY, but, well, I didn't. Anyway, these are up anywhere from 0-20% from my buy prices. The question now is -- "pyramid up" and add? Or just hold? It doesn't really make sense to hold a big divvy-payer like ING unless you own enough of it for the divvy to be meaningful. I bought big buckets of Roche and Nestle and can happily stand pat. But I bought too little of Total and ING ... and could easily double, triple or quadruple my holdings to give them a little more impact. Thoughts? Chang, I usually start with an individual stock at 0.5 -1% of portfolio, then add in increments. My maximum is ~6%, I typically stop buying when we go over 3-4%. Don’t know the position size, but it sounds like you may want to add a little to TTE and ING. I usually try to hold at least 1% or so. In our portfolio, which has grown a lot over the years, 1% is still a very sizable “chunk”- about 100K. Another option is reinvest dividends, both are strong dividend payers. Total (TTE) is near a year high, ING is more “reasonably priced”. Just my two cents (and worth about that much!). Win Win
|
|
|
Post by chang on Jun 24, 2022 17:25:40 GMT
Reactivating this thread. I struck a deal with a local bank to obtain acceptable conditions, provided I transfer $XX into my account for investments. So I need to do that in the near future, and will need to buy a reasonably healthy amount of European equities. I will sell the ones in my US account (mostly in the green, especially after today) and re-buy in the foreign account. Because I need to deploy a good-sized sum, I am looking for around 10-15 companies to invest in. My criteria are: - Stable, profitable, successful, companies with strong competitive advantages. (Nothing speculative!)
- Low beta
- Good yield (let's say minimum 2.5%, preferably > 3%, better > 4%)
- Something you could hold forever in retirement
This will not be a trading account, but a B&H account. Of course, an ETF would be the best solution by far, but unfortunately I won't have access to funds or ETFs (except at ridiculous fee levels). Once again, I will look for good articles / analysis on European value stocks ( link), and also check what some low-turnover funds are holding (CIVIX, ARTKX, DODFX, OAKIX, VTRIX, VZICX,…) Any thoughts appreciated!
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Jun 24, 2022 17:55:33 GMT
UL, RHHBY, SHEL. You already have TTE
|
|
|
Post by alvinthechipmunk on Jun 25, 2022 14:14:49 GMT
|
|
|
Post by chang on Jun 25, 2022 15:50:42 GMT
|
|
|
Post by chang on Jun 25, 2022 16:08:54 GMT
UL, RHHBY, SHEL. You already have TTE UL and SHEL both look like verrry good candidates, thanks.
|
|