Monthly Archives: August 2017

Partial Eclipse Shadows

During a partial eclipse when leaves on trees cause dappled shade, each hole between the leaves can act like a pinhole camera causing an effect on the shadows.  See the pictures below which were taken at the same time of day.  You can see that the leaves show the crescent sun.

Normal Eclipse
Normal Dappled Shade Eclipse Dappled Shade

My Dividend Cuts

dividend cut

When you own a stock, a dividend cut is a painful thing.  In my investing adventures over the last few years I have experienced many of them, two in the last month.  I’m hoping to see a pattern to avoid such events in the future.

Symbol Proximate Cause Secondary Cause
TLSYY Political factors
TEVA Decline in generic medicine prices Too much debt
COP Decline in price of oil
SDRL Decline in price of oil Too much debt
LINN Decline in price of oil Too much debt
KMI Decline in price of oil Too much debt and too aggressive of a payout ratio in good times
TAC Decline in price of electricity Lack of diversification in geography
BBL Decline in price of commodities
HCP Lack of diversity in tenants
MOS Decline in price of fertilizer
POT Decline in price of fertilizer
RYN Accounting scandal & decline in price of goods