Tech Dividend Portfolio:
INTC, LLTC, KLAC, XLNX, AMAT, TSM, TXN, COHU
Tech is maturing, and companies managed for the benefit of shareholders, are using cash flow for dividends (rather than wasting it, which happens all too often). All these stocks pay significant dividends. All have adequate cash flow and balance sheets to guarantee the continuation of those dividends during the inevitable cyclic downturns. On the next downturn, all these stocks could decline to the point where they are paying a dividend yield of 4% or better.
Alternately, I had posted a hi-beta tech portfolio, a proposed Buy List for the next downturn:
Criteria:
1. dominant market share in a non-commodity industry with high barriers to entry; monopoly or duopoly
2. cash >> LT debt
3. gross margins >40%, 5-year average
4. stock tripled or better, 2008-2009 low to 2010-2011 high
Tentative list:
AIXG in LED equip
ALTR in programmable logic
ARMH in SOC
ASML in lithography
CYMI in lasers
KLAC in metrology
KLIC in bonding equip
LRCX in etch
VECO in LED equip
VSEA in ion implant
XLNX in programmable logic
Message 27206121 |
