Saturday, November 30, 2013

Owens & Minor Inc. (OMI) Dividend Stock Analysis

It's been quite a while since I've posted a stock analysis and I apologize for that.  Life happened to get busy and things just got in the way that I didn't have the time to compile all of the data and get some posts up.  Have no fear though as I should have some more time to close out the year.  Today I wanted to take a closer look at Owens & Minor, Inc. (OMI).    OMI closed trading on Friday, November 29th at $38.17, offering a current yield of 2.52%.

Company Background (sourced from Yahoo! Finance):

Owens & Minor, Inc., together with its subsidiaries, provides distribution, third-party logistics, and other supply-chain management services to healthcare providers and suppliers of medical and surgical products. Its services include logistics, supplier management, analytics inventory management, outsourced resource management, clinical supply management, and business process consulting. The company also offers various services comprising PANDAC, an operating room-focused inventory management program that helps healthcare providers to control suture and endo-mechanical inventory; SurgiTrack, a customizable surgical supply service that includes the assembly and delivery of surgical supplies in procedure-based totes; OMSolutions, a supply-chain consulting, customer technology, and resource management service; and technology-based services, such as WISDOM Gold, Clinical Supply, and Implant Purchase Manager solutions. In addition, it provides OM HealthCare Logistics, a customized third-party logistics and order-to-cash services. Further, the company distributes medical and surgical supplies to the acute-care market. It serves federal government, including the U.S. department of defense; and alternate-site providers, such as ambulatory surgery centers, physicians’ practices, clinics, home healthcare organizations, nursing homes, and rehabilitation facilities, as well as provides distribution and supply-chain management services that include third-party logistics and business process outsourcing services to manufacturers of medical and surgical products. Owens & Minor, Inc. was founded in 1882 and is headquartered in Mechanicsville, Virginia.

Thursday, November 28, 2013

Happy Thanksgiving!

I love this time of year.  There's a chill in the air.  Fires and food are plenty.  And let's not forget the best part, getting to spend time with your family and friends.  Unfortunately I'll be working yet again, but I was thankfully able to see a good chunk of my family this past weekend.  I'm thankful that I have the opportunity to strive for FI/ER so I can capture all of my time to spend on improving relationships with family and friends.   And of course my loving wife that puts up with me and my crazy job.  So enjoy the time you have this holiday and make sure you spend it with your loved ones.

Wednesday, November 27, 2013

Recent Buy

I try to be as open and transparent as I can with my investing decisions in order to give a real life example of what it takes in order to become financially independent through dividend growth investing.  In order to keep track of my reasoning behind a purchase and inform you all about what's catching my eye, I have my Recent Buy series.  This allows me to have a written record as to why I made a purchase for my portfolio and be able to look back and see if that holding is still serving its purpose.  With the markets continuing their almost no stop climb higher, investment ideas have been lacking so I asked all of you for some help in coming up with some fresh ideas.  One recommendation was to add to my position in Realty Income (O) because it made up around 1% of my portfolio at the time.

Monday, November 25, 2013

Recent Buy

I try to be as open and transparent as I can with my investing decisions in order to give a real life example of what it takes in order to become financially independent through dividend growth investing.  In order to keep track of my reasoning behind a purchase and inform you all about what's catching my eye, I have my Recent Buy series.  This allows me to have a written record as to why I made a purchase for my portfolio and be able to look back and see if that holding is still serving its purpose.  With the markets continuing their almost no stop climb higher, investment ideas have been lacking so I asked all of you for some help in coming up with some fresh ideas.  And you all didn't disappoint in the slightest.  There were several names that kept coming up and one that I really liked was General Mills (GIS) as I don't have a whole lot of exposure to the consumer staples sector.

Sunday, November 24, 2013

Weekly Roundup - November 24, 2013

Well as usual no week can be smooth and relaxing.  Monday was spent recuperating from the weekend in San Antonio and then I started having to wrap things up at the house before heading back to work on Wednesday.  And of course they ended up calling us back early and out satellite didn't work so I was fairly absent from the blog world.  But things are up and running with work and we're drilling ahead so regular posts will start to come back.

Tuesday, November 19, 2013

I need your help

No I don't need money, nor do I have any health problems or trouble with the law.  My trouble right now is a lack of investment ideas.  So I'm calling on this great FI/DGI community for some ideas.  The markets have continued on their almost never-ending climb higher, but there's always value out there if you can find it.  The biggest problem is that the companies that I'd love to add to right now I also happen to be overweight those positions.

Saturday, November 16, 2013

Weekly Roundup - November 16,2013

It's been a pretty busy week but also a relaxing week.  I've been on vacation this past week, although all I've done is be at the house.  I've been working on a bunch of stuff around the house and also with the blog.  My wife and I left yesterday to go to San Antonio to stay for the weekend.  We're going to go see some friends that we haven't seen in a while and she's also running in the Rock 'N Roll Half Marathon this weekend.  It should be a pretty good weekend.  Earlier this month, Passive-Income-Pursuit turned 2 years old.  It's been an awesome ride so far and I can't wait for the next 2 years.

Tuesday, November 12, 2013

Another one bites the dust...

Last week on November 6th marked the 2 year anniversary of Passive-Income-Pursuit and I continue to be stunned that anyone would be interested in my thoughts on personal finance, financial independence, early retirement, and my favorite dividend growth investing.  Over the last 2 years I've written over 400 posts.  Some good, some well not so much.  But my writing style continues to evolve and I feel that I've grown a lot as a writer.  Seriously, go check out those first posts compared to now.

Sunday, November 10, 2013

Net Worth Update - October 2013

While cash flow is more important when it comes to financial independence, it's still good to look at the balance sheet too, which is why I provide these net worth updates.  The S&P 500 was up almost 4.5% in October which helped to lift most of the stocks I own as well.  Thanks to the markets and great savings from my income, I almost matched September's net worth increase but ended up a little short.  No real complaints though from me as I had just over a $16,000 increase for the month.  I had a little over $1,440 in combined 401k contributions, $1,050 in ESPP withholdings, and over $8,400 in after tax savings from my income.  The rest of the change was due to market changes and dividends.

Saturday, November 9, 2013

Weekly Roundup - November 9, 2013

Somehow yet another week has flown by.  I had to head back to work but I was just glad I got the weekend off and got to spend it having fun with my wife.  Thankfully no other issues with the house to have to take care of.  This week was done in a flash, although I think that's mainly because I know I only had about a week to be gone.  On Monday I'll be getting to go back home as I had another week of vacation to take.  The vacation will mainly be a chance for me to just relax and get a lot of things done both at the house and with the blog.  I have several tasks that I'm planning on accomplishing for the blog alone and I'm excited to get started on them.  The blog world is truly amazing.  Next weekend my wife and I will be heading, ironically, to San Antonio.  Ironic because I'm actually working only an hour or so from there.  Her and some friends are running in the San Antonio Rock N Roll Half Marathon.  I think this is her 4th straight year to do this particular run.  It should be a great time and I'm looking forward to it.

Thursday, November 7, 2013

Income Update - October 2013

 I'm a big proponent of tracking every single penny that comes into your hands if you're really wanting to make a change to your finances.  Mental accounting is too difficult to keep track of and the mundane everyday expenses get forgotten.  Once you keep a detailed history you can see that you're really spending $400 per month on restaurants or $100 on coffee or whatever little expenses that are fine by themselves but add up quickly to destroy a budget.  This is why I like to keep track of all of my expenses to help keep myself accountable and looking to see what areas I'm just plain doing poor in.  If you want to improve your finances, then please track everything for a 3 month span and then take action to make positive changes.

Saturday, November 2, 2013

Weekly Roundup - November 2, 2013

This week meant it was back to the grind of work.  Which, after the fun of water line problems that I went through the last time I was home, work actually brought a much needed relief from the hassle that I had to deal with.  Although if I had the option, I would be home every single day.  That's the reason that I'm striving to reach financial independence as early as possible by investing in dividend growth companies.  Investing in quality companies that can continue to increase their dividends year in and year will give my wife and I the freedom to pursue any other interests that we happen to have.  I know my list is plenty long.

Friday, November 1, 2013

Dividend Update - October 2013

Another month down.  Seems like just yesterday I was having to switch to October and now we're already moving on to November.  The debt ceiling and budget debate came and went with a decent sized dip coing about 2 weeks before the deadline, but all but erased by the time I was able to get capital transferred to the brokerage account.  It was a shame that I wasn't able to pick up any ownership stakes during that time because there were better values at the time that I would have loved to jump on.  I was able to add to my IBM position after an earnings related sell-off as well as start positions in both HCP and ARCP.   Now let's get into my favorite monthly update, the dividend income update.