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Akaralph

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  • Far Oversold, 15.1% Dividend Payer Armour Residential REIT Is A Buy [View article]
    Yes I did. Just a wild guess here but five dividend cuts and the fact that ARR cannot cover their dividend are pretty poor "fundamentals".

    Do you remember what happened to the mREITs as a class in the bear market of 2007-2009?
    May 28 10:48 AM | 5 Likes Like |Link to Comment
  • Far Oversold, 15.1% Dividend Payer Armour Residential REIT Is A Buy [View article]
    Sorry, but I have to disagree on ARR. They have reduced the dividend five times from $.12 to $.07, and if you look at the recent quarter their earnings were only $.20 which portends further dividend cuts.

    I would strongly suggest avoiding the mREITs altogether.
    May 28 10:26 AM | 6 Likes Like |Link to Comment
  • 3 Financial REITs With Recent Intensive Insider Buying [View article]
    It is worth noting that MFA has missed earnings estimates three of the past four quarters. This past quarter it earned $.21 - not enough to cover the dividend of $.22.

    The dividend has been reduced on a number of occasions since December 2011. It paid $.27 in Dec. 2011 and presently pays $.22.

    The mREIT sector is in decline and "buyer beware" is the active motto.
    May 27 03:01 PM | Likes Like |Link to Comment
  • How The Energy Boom Keeps Going [View article]
    ROYT's distributions have been based on a Brent price of $115/bbl. Current price is significantly lower which is why distributions have not matched monthly projections.
    May 27 08:57 AM | 1 Like Like |Link to Comment
  • The Bullish Case For Alon USA Energy [View article]
    On May 8, ALDW paid a distribution of $1.48.

    Since ALDW's distributions will vary from quarter to quarter it is not wise to annualize the distribution based upon one quarter's payout.

    With the crack spread tightening, it is likely that future quarterly distributions will not be as generous as that paid on May 8.
    May 26 01:20 PM | 1 Like Like |Link to Comment
  • Protected Principal Retirement Strategy: Portfolio Update [View article]
    I agree, but when?
    May 24 08:24 AM | 1 Like Like |Link to Comment
  • Protected Principal Retirement Strategy: Portfolio Update [View article]
    There is an on-going argument on ROC. Much has been written about it in SA articles, both pro and con.

    Right now, MIN is trading at a rare discount to NAV. What I do not like is that both the price and NAV are close to all-time lows.
    May 23 02:55 PM | Likes Like |Link to Comment
  • Protected Principal Retirement Strategy: Portfolio Update [View article]
    Thanks, not a fan of the NYT but will read the article.
    May 23 11:30 AM | Likes Like |Link to Comment
  • Protected Principal Retirement Strategy: Portfolio Update [View article]
    Just holding PER, CHKR and the Canadian ones.
    May 23 11:26 AM | 1 Like Like |Link to Comment
  • Protected Principal Retirement Strategy: Portfolio Update [View article]
    MIN is now selling at a discount. Ordinarily, I would initiate a small position here; however, the markets are looking pretty iffy, so I will wait.
    May 23 08:37 AM | Likes Like |Link to Comment
  • Can Annaly Capital Management's 12.2% Dividend Be Sustained? [View article]
    Am addressing what happened to the entire mREIT group during the last bear market. Dividends were reduced/eliminated almost overnight. Prices dropped like rocks. Many mREITs went belly-up. A lot of today's mREITs are ones that went bankrupt back then and are now operating under new names.
    May 22 02:33 PM | Likes Like |Link to Comment
  • Can Annaly Capital Management's 12.2% Dividend Be Sustained? [View article]
    Enjoyed the article Ron.

    I guess I have a problem understanding why you choose to hold NLY with 1) spreads shrinking, 2) book value dropping, 3) leverage increasing, and 4) eight quarterly dividend cuts. Add that in with a stock price drop from the high 17's to the high 14's and IMO you have a recipe for disaster (ala 2008-2009).
    May 22 01:02 PM | 1 Like Like |Link to Comment
  • 3 Residential REITs Yielding More Than 14% To Fight Future Inflation [View article]
    With spreads contracting, dividends being cut and and the mREITs starting to reflect back to 2007-2009, this is not the place to be.
    May 22 09:08 AM | 1 Like Like |Link to Comment
  • All About Book Value? How It's Affecting Your Mortgage REIT [View article]
    mREIT spreads are narrowing, dividends for most are being reduced, book values are declining, as are prices.

    What's not to like?
    May 21 07:56 AM | 1 Like Like |Link to Comment
  • Examining The Dividend History Of Legacy Commercial Mortgage REITs In Times Of Crisis [View article]
    I guess everything is relative.

    With most of the mREITs cutting dividends over the past few quarters, coupled with the market uncertainties, I believe the best place to be is out of the mREITs going forward.
    May 20 10:20 AM | Likes Like |Link to Comment
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