This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Steiman: Never Fall In Love With Stocks

As part of our Next Invest conference, Covestor’s Mike Tarsala recently spoke with Covestor manager Eric Steiman, who oversees the Undervalued Opportunities portfolio, about the danger of falling in love with stocks.

Steiman favors a cool, analytical approach to managing his holdings. He’s more than willing to take some money off the table when a stock is doing well--or cut it loose at the first sign of trouble. Nor is he shy about offering advice about one of the most widely held stocks on the planet: Apple (AAPL).

In a recent interview with MacNewsWorld, Steiman called for Apple to consider one of the following paths: a one-time $89 dividend; a double dividend; a one-time share buyback; or ongoing share buybacks. "They have too much cash, and are making too much on a quarterly basis to not repay their shareholders," he said. In general, investors reward companies a premium P/E multiple if they use their cash in the best interests of their shareholders, according to Steiman.

The post Steiman: Never fall in love with stocks appeared first on Smarter Investing.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $95.22 0.04%
FB $117.53 0.08%
GOOG $693.00 0.09%
TSLA $232.83 0.22%
YHOO $35.93 -0.22%


Chart of I:DJI
DOW 17,686.19 -64.72 -0.36%
S&P 500 2,049.62 -13.75 -0.67%
NASDAQ 4,732.8370 -30.3870 -0.64%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs