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Akaralph

 
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  • Did BreitBurn Get A Good Deal By Acquiring QR Energy? [View article]
    The caliber of SA articles has definitely declined. In many ways, it is now becoming a site for articles focusing on penny stocks.

    Looking at this article, it is evident that the author does not have a clue as to how MLPs operate, that they do not pay "dividends", and that most of the information can be obtained by reading the acquisition announcement.

    Yet SA chooses to pay a premium so that we have the privilege of reading it once again.
    Jul 26 11:58 AM | 4 Likes Like |Link to Comment
  • My High Dividend Yield Retirement Portfolio Delivers 8.8% Of Income For This Retiree [View article]
    I hope that you do well with your mREITs. Take care.
    Jul 25 08:57 AM | 1 Like Like |Link to Comment
  • Memorial Production Partners: Unit Offering A Sign To Buy [View article]
    While I hold MEMP am watching it closely, particularly the coming quarter's report. For the 1st Q 2014 the coverage ratio was only 0.70X, and a drop from the 1.02X of Q4 of 2013.
    Jul 24 05:20 PM | 3 Likes Like |Link to Comment
  • My High Dividend Yield Retirement Portfolio Delivers 8.8% Of Income For This Retiree [View article]
    No I don't own it.

    I have trimmed my portfolio back to mostly midstream MLP's that maintained, or increased distributions through the 2008 bear market.

    Even sold MCC and TCPC in hopes of buying back at lower price points.

    You should look at how the mREITs and BDC's did in the 2008 bear market - pretty devastating.

    In a severe correction there are no winners.
    Jul 24 03:30 PM | 11 Likes Like |Link to Comment
  • My High Dividend Yield Retirement Portfolio Delivers 8.8% Of Income For This Retiree [View article]
    Between AGNC and PSEC your risk level is exceedingly high.

    AGNC has had multiple dividend cuts, their historic BV has decreased, spreads are tightening and, as an mREIT any interest rate increase will portend further disaster.

    PSEC's NII has failed to cover their dividend for several quarters now, and their are much better BDC's out there (MCC and TCPC to name just two).

    I suggest you reduce your allocation to AGNC and the mREIT sector to 10% or less and consider selling PSEC and replacing it with other BDC's. Keep the BDC exposure to about 10% also.

    Look at midstream MLP's, eREITs and some exposure to closed-end funds or you might find yourself in the world of hurt.
    Jul 24 01:51 PM | 31 Likes Like |Link to Comment
  • Capital Southwest: A BDC To Believe In? [View article]
    From what I read on their website, they "act" as a BDC, whereas others such as MAIN, MCC, TCPC et al "are" BDC's.
    Jul 21 03:39 PM | 1 Like Like |Link to Comment
  • Capital Southwest: A BDC To Believe In? [View article]
    Author does not know what type of company this is, yet writes about it anyway.
    Jul 21 01:50 PM | 4 Likes Like |Link to Comment
  • Blue Chip, 11% Dividend American Capital Agency May Be A Good Place For Your Money [View article]
    Northwest -

    I was in a few mREITs back in 2008 and was fortunate to get out better than most folks did.

    I believe that there are much better (and less riskier) sectors to be in, particularly for those retired, or about to retire.

    Most folks point to AGNC and NLY as the best of the bunch, but when you track the deterioration in their prices, declines in BV and, (most importantly) dividend cut after dividend cut, interest rate sensitivity and the prospect for a significant market correction, it is unwise to own them.
    Jul 21 08:38 AM | 1 Like Like |Link to Comment
  • The First Victims Of The End Of QE - Small Cap Stocks And Junk Bonds [View article]
    Chris -

    Good analysis of the overall market picture.

    What do you suggest?
    Jul 20 02:15 PM | 2 Likes Like |Link to Comment
  • Blue Chip, 11% Dividend American Capital Agency May Be A Good Place For Your Money [View article]
    "As others have noted, its a mistake to think of an mREIT like a "business"".

    I couldn't agree more - virtually no mREITs have been run like a business or every corporate officer would either be fired or doing a perp walk.
    Jul 20 09:53 AM | 1 Like Like |Link to Comment
  • Retirement Strategy: Grow Your Income Without Spending More Money [View article]
    JMikeK -

    You might take a look at both MCC and TCPC - two BDC's I consider among the best. I recently sold both in anticipation of a correction and purchasing both again at a later date.
    Jul 19 10:35 AM | 1 Like Like |Link to Comment
  • RMP Energy Is A Growth Story Worth Buying [View article]
    When do you plan on buying?
    Jul 19 09:28 AM | 1 Like Like |Link to Comment
  • Blue Chip, 11% Dividend American Capital Agency May Be A Good Place For Your Money [View article]
    You neglected to mention that AGNC has cut their dividend five times since June 2009.

    Equating AGNC to a poker game is right on the money!
    Jul 19 08:10 AM | 3 Likes Like |Link to Comment
  • Municipal Mortgage And Equity: Still Trading At A 40% Discount To NAV, 65% Upside Remains [View article]
    It is going to take way more than this article to prop this one up.
    Jul 18 04:49 PM | 1 Like Like |Link to Comment
  • Blue Chip, 11% Dividend American Capital Agency May Be A Good Place For Your Money [View article]
    Bit of a stretch to call AGNC a blue chip, isn't it? Consider the loss in stock price, multiple dividend cuts, BV decline etc.

    Would call it high risk, speculative stock at best.
    Jul 18 01:36 PM | 10 Likes Like |Link to Comment
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