EP #148 | Realty Income under $60 - a Business Breakdown and our thoughts about the stock | Also: an update on British American Tobacco
This week we have a jam-packed show. We start by discussing British American Tobacco ($BTI, $LON:BATS) who replaced its CEO Jack Bowles after the company received a fine of $635 for doing business with North Korea. EDGI talks about the number of intangibles on the company and we give our thoughts on the amount of goodwill the company holds on its balance sheet. Intangibles make up ~70% of the balance sheet. Goodwill is approximately 25% which is a lot. Combustibles is declining rapidly however the dividend seems safe at ~50% payout to FCF. Dividend Hikes this week - Chubb Limited ($CB) hikes dividend by 3.6% to $0.86 quarterly. This marks the 30th consecutive annual increase in the company's dividend Our main topic centers around Realty Income ($O). Why are we talking about Realty Income What makes them so special What concerns us about Realty Income How do we analyze a company like Realty Income What is our fair value valuation of the company We finish the show off with lots of questions from the community Tickers mentioned are - $BTI, $O, $CB, £CSN, $MLI,$BUD, $DIS, $TGT, $WBA, $SCHD, $MO, APD, $TSN, $MMM, TYO:8058 WHA.AS, SBMO.AS, SIE.DE, $PYPL, $AFG, ALV.DE,NN.AS, $TROW, ASRNL.AS Links mentioned in the show Company Deep Dive - NextEra Energy Partners (NEP) - (dividendstockpile.com) Why Life With Dividends Sold Digital Realty Trust ($DLR) https://dividendtalkpodcast.com/ FINVIZ.com – Stock Screener Would you like to support us? Join us on Facebook: https://www.facebook.com/groups/dividendtalk Or if you are interested in buying a nice t-shirt or hoodie with one of your favorite quotes from the dividend talk podcast? Then check out our Dividend Talk shop: https://dividendtalk.myspreadshop.ie/