Overall, the microwave works fine like any micro should, no real complaints there. However, we have had this micro for a little over a year. The inside light burned out as well as the task light that lights up the stovetop below. I searched for the replacement lightbulbs locally at home depot, and several other stores, no luck. I searched online, found the correct lightbulbs. Ordered 4 lights, 2 spare for when they burn out again. I went to install them. The bottom task light was a breeze, done in a few minutes. I opened the inside of the micro and could not find anywhere to access the light, nor could I see where it was even at?
Now reading the reviews here, that you need to remove the entire micro from the wall, have a technician install a lightbulb? to the tune of $200? That is insane! What an incredibly terrible design!! Geez, the inside light is not that big of a deal, I for sure am not going through the work of taking it down and paying a technician to install a freaking lightbulb. What was GE thinking when they came up with this LAME design?
I have to give this 1 star.
In the first two parts of this series, we identified 2009's top 5 dividend stocks, based on total cash payouts to investors. We also identified a conservative strategy that will protect your dividend yields against a market pullback.
In this article, we'll discuss a strategy through which you can buy a stock at a discount to its current price, or, at least earn a nice yield by trying to.
The 5 stocks we listed were:
1. Royal Dutch Shell (RDS-A, RDS-B) - Pays $3.20/share, yielding 6.4%
2. AT&T (T) - Pays $1.64/share, currently yielding 6.7%.
3. General Electric (GE) GE's $.82/share 2009 payout currently equals a 6.1% yield. (The payout will decrease to $.10/share per quarter in the 3rd quarter of 2009, so the remaining payout/share for the balance of 2009 will be $.51, a yield of 3.8%, or 5.7% annualized).
4. Exxon Mobil (XOM) The company's annual dividend rate is $1.60/ share, for a 2.3% current yield.
5. Chevron Corp. (CVX), has an annual dividend/share of $2.60, which equals a dividend yield of 3.9% at the current price.
If you want to buy a stock, but you feel that the current price is too high, you have 2 alternatives:
First: You can try to wait out the market, if you're convinced of an imminent downturn and a cheaper price.
OR
Second: You can use the conservative option strategy of selling puts, to accumulate shares at a lower price.
As with selling covered calls, selling puts usually requires more initial capital than just buying an option outright, since brokers will require that you reserve up to 100% GE Profile Spacemaker Series of the underlying shares value. (The % amount of required cash reserve varies from broker to broker).
Important note: Each put contract is tied to 100 shares of the underlying stock.
We'll use AT&T, (T), in our example of this strategy.
T closed today at $24.59. In T's JULY option table, there's a $24 put, (.TSF), that's selling for $1.10.
This $1.10 put premium compares favorably to T's July $.41/share dividend, so it would still make sense to sell this put, instead of just buying T outright at $24.59 and waiting for the $.41 July dividend.
Just to keep it simple, assume you sold one JULY $24 put (.TSF) for $1.10, and that you had to have a cash reserve of 100% of the underlying value.
This trade breaks down as follows:
Cash Reserve: $2400 (100 shares x $24 strike price)
Revenue: $110.00 (1 put contract sold at $1.10 x 100 shares)
Yield: 4.58% ($110/$2400) Annualized Yield: 27.4%
Breakeven Price: $22.90 ($24 minus $1.10 put premium)
Discount to Current Price: 6.87% ($24.59 - $22.90)/($24.59)
Dividend Yield at Breakeven Price: 7.16% ($1.64/$22.90)
When the July expiration date comes, one of two events will occur:
1. If T hasn't declined to or past the $22.90 breakeven, your cash reserve will be released, and you simply walk away with a 27.4% annualized gain.
OR
2. If T does decline to or past the $22.90 breakeven, 100 shares will be assigned/sold to you at $24.00 strike price. Your true net cost, however, is only $22.90, ($24 minus $1.10 put premium).
Sometimes shares may be assigned before expiration date, around the ex-dividend date, but this doesn't happen a majority of the time.
The keys to selling puts are:
1. Deciding at what price you'd be comfortable owning the underlying shares. This, of course, requires due diligence.
2. Deciding how conservative or aggressive you want to be. It's helpful to look at the 1 and 2-year lows for a stock, before selling puts, to see how various strike prices compare to the stock's historical trading range.
In the past 6- 7 months, selling puts at strike prices below or close to a stock's 52-week low has worked well for many traders. If you want to be more conservative, then sell at a lower strike price, further out of the money. While this approach will net you a lower premium, it might fit your risk profile better than selling at or close to the money.
Concerning the concept that selling puts allows you to buy a stock at a discount, some would argue that, if you had done nothing and just waited for a market downturn, you could have bought the stock at the lower price anyway.
While this is true, it's also true that by selling puts, you're giving yourself the opportunity to either earn a high yield on the put premium, if the stock's price rises; or, to buy the stock at a predetermined, lower price of your choice, in the future, if it falls.
This conservative bullish strategy usually works best in a rising market, and it will give you two benefits:
1. Participation in a stock's upward movement
2. Some downside protection in case of a market decline.
Help answer the question about GE Profile Spacemaker Series
GE Microwave runs but wont heat and is louder than normal?
This is a GE Profile Spacemaker XL1800 Mod# JVM1870SF02 Out of warranty. New Replacement will cost proximately $400. Now, GE service call will run 80 only to tell you what the real cost will be... LOL. GE even agreed to give me free parts as long as I would agree to pay the LABOR what ever that may come out to be, ROFL... They refused to even let me know what the standard cost of labor is on my model. All they said is; the charge is not per hour and it is predetermined by the part, but they are not allowed to give me the labor cost of a repair even though it is predetermined... WOW Companies just don't know how to work for their money, they don't GE Profile Spacemaker Series even want to try... they just want to steal it and have you make it easy for them. I cant believe it. I'm not asking to tell me what MY repair will cost... just for them to tell me what it would cost to replace a magnetron for my model (labor) or a control panel (labor) just to get an idea of what I'm looking at. I actually got the parts cost from them... Now for all those LAZY People that say buy a new one... shame on you..I can buy (from a supply store) the Magnetron NIB for 39 and the Diode for 24 the transformer for 32. They get cheaper if they are used (via the net). My question is; how do i figure out which component to buy? and for the experts, lets pretend that I'm not stupid enough to touch both terminals of the capacitor with my bare hands while its still holding a charge. Allow me to clarify that I am no expert by any means but I HATE to waste and to get ripped off !! It may be harder for me to do it but with some hard work (hard work is FREE) I could learn something, save some money, recycle a perfectly repairable microwave and most importantly... SLAP the greedy corporate giants in the face by not playing along...I cant replace it with a cheap fifty dollar unit. This one is part of a full kitchen stainless set. As for the magnetron; It would be ridiculous for me to pretend to repair it. I would just replace it. What could possibly go wrong? it needs to seal property what else?
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{ 5 comments… read them below or add one }
I have owned two of these. The first one, worked fine. The microwave was good and I really loved the convection oven for small item cooking. The inside light did burn out and I think you have to take it to a repair shop to get it replaced, I’m not sure, I never got it fixed because I could never locate it. I moved and bought another one and within 2 months the main board went completely bad. It is a $200 repair and as I read reviews on the internet, this is not that uncommon. For the price, I would look for a different brand with better reviews and price.
We bought this convection microvave aproximately 18 months ago,electrical is poor on it , within 6months of purchase replaced lite above stove,after 18 months the interior light went out,$85.00 for bulb and over $200.00 service call. The oven has to be removed from the wall according to teir web site.I’d say that’s a bit expensive minimum $285.00 to but a light bulb in. The Microwave cost us $600.00.We bought this one because we have always bought GE Profile Kitchen appliances.This definitely determine future appliance purchases.Model # JVM1790 Convection /Microwave.
WE’ve had this oven/microwave for 4 months now and absolutely love it. We got it so that we could have a second oven without doing a major renovation. So far it’s worked well as a microwave and great as an oven. I’ll assess them seperatly.
–AS a microwave, it’s a little slower cooking than others we have had, but heats evenly, has a turntable, and rack. We really love the dial control…kind of like an ipod, simple and efficient.
–As an 2nd oven it is perfect for us and we actually use it frequently as the primary oven because 1) It heats up faster and cooks faster 2) It is more energy efficient with a smaller space to heat adn 3) it vents outside so it doesn’t heat up the house in the summer at all.
As for the price, it is expensive, but was a much cheaper way to get a second oven for us and we are very happy with it.
We bought this w/ other GE Profile products (Dishwasher & Refrigerator) from PC Richards and I’m very glad we did.
We just did a full renovation and my contrator said this installed very easily and the venting was a breeze; straight up and then over 8 Ft.
It’s constantly in use w/ two kids around. The dial knob makes it very easy to pick a cook time and temperature. Just turn and press. Convection bake works great for the hamburgers and meatloafs we usually have and it beats heating up the kitchen w/ the stove.
The micro-express button works in 30 second increments and if you need more time you just keep pressing it or spin the dial.
The popcorn preset button is a little short to pop them all but definitely not a deal breaker.
I would certainly recommend this product.
Overall, the microwave works fine like any micro should, no real complaints there. However, we have had this micro for a little over a year. The inside light burned out as well as the task light that lights up the stovetop below. I searched for the replacement lightbulbs locally at home depot, and several other stores, no luck. I searched online, found the correct lightbulbs. Ordered 4 lights, 2 spare for when they burn out again. I went to install them. The bottom task light was a breeze, done in a few minutes. I opened the inside of the micro and could not find anywhere to access the light, nor could I see where it was even at?
Now reading the reviews here, that you need to remove the entire micro from the wall, have a technician install a lightbulb? to the tune of $200? That is insane! What an incredibly terrible design!! Geez, the inside light is not that big of a deal, I for sure am not going through the work of taking it down and paying a technician to install a freaking lightbulb. What was GE thinking when they came up with this LAME design?
I have to give this 1 star.
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