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Albert Alfonso

 
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  • American Realty Capital Properties To Delay Reporting Q3 2014 Results [View article]
    Tallguyz,

    No lender left the facility. This was a voluntary decision by ARCP to save cash.
    Nov 21 03:12 AM | Likes Like |Link to Comment
  • American Realty Capital Properties To Delay Reporting Q3 2014 Results [View article]
    Ted,

    I did not hear that. Mr. Kay implied that a delay was coming. They have a lot of work to do since they need to redo all of the 2013 filings along with Q1 and Q2 2014. These filings were all signed by the former employees.
    Nov 21 03:10 AM | Likes Like |Link to Comment
  • American Realty Capital Properties To Delay Reporting Q3 2014 Results [View article]
    Alex,

    ARCP noted that it is open to buying back stock via selling assets. This would however hurt FFO.
    Nov 21 03:07 AM | Likes Like |Link to Comment
  • American Realty Capital Properties To Delay Reporting Q3 2014 Results [View article]
    Gary,

    The NASDAQ news broke this week. Article takes some time to write, get edited, and go through the pipeline. This is an "update" to my earlier work as this news is a material development.
    Nov 21 03:01 AM | Likes Like |Link to Comment
  • American Realty Capital Properties To Delay Reporting Q3 2014 Results [View article]
    John,

    We'll need the revised Q1 and Q2 numbers to get a clearer picture on the dividend front. AFFO using the preliminary estimates point towards no cut being needed.
    Nov 21 03:00 AM | Likes Like |Link to Comment
  • Philip Morris Enters The E-Cigarette Market With 'iQOS' And 'Marlboro HeatSticks' [View article]
    The dollar is rising since other countries are printing much faster than we are. The global economy is weak and needs this stimulus or face heading back into recession.
    Nov 21 01:25 AM | Likes Like |Link to Comment
  • Philip Morris Enters The E-Cigarette Market With 'iQOS' And 'Marlboro HeatSticks' [View article]
    PM is not involved in the US, that would be Altria (MO). As to your question: I don't think we are going to see commercial MJ cigarettes anytime soon.
    Nov 21 01:20 AM | Likes Like |Link to Comment
  • Phillips 66: Benefiting From Lower Oil Prices [View article]
    Sometimes investors try to justify the price action even if the fundamentals tell a different story. Q4 2014 EPS should come in way higher than 2013. Crack spreads don't lie.
    Nov 20 07:40 AM | Likes Like |Link to Comment
  • Prospect Capital: Revisiting The Dividend Debate [View article]
    I think PSEC explained the ATM below NAV quite nicely. Basically, they needed to issue equity to get better terms on the revolver. I do not think they will continue to issue stock at current prices.
    Nov 17 03:02 PM | 2 Likes Like |Link to Comment
  • Phillips 66: Benefiting From Lower Oil Prices [View article]
    Jack,

    The markets are often irrational. PSX trades inline with energy stocks despite fundamental reasons for it not to. It is a downstream and midstream play.
    Nov 13 04:15 PM | Likes Like |Link to Comment
  • Phillips 66: Benefiting From Lower Oil Prices [View article]
    Jack,

    According to data from howardweil, crack spreads have increased in Q4 compared to Q3. In addition, crude oil differentials, and hence feedstock advantages, remain intact. Bakken crude is still selling at a discount to WTI as are other shale liquids.

    Not sure where you are getting that gasoline demand is falling. PSX exports large amounts of the stuff overseas. Refined products are not subject to the export ban.

    As for the earnings multiple, this is from analyst estimates.
    Nov 13 02:31 PM | 3 Likes Like |Link to Comment
  • American Realty Capital: The Nick Schorsch REIT Empire Is Crumbling [View article]
    Jeffry,

    My insight (opinions) are clear in the article. They can be boiled down to two main points:

    A) Nick Schorsch needs to go.

    B) RCAP canceled the Cole deal in order to distance itself from ARCP's accounting
    Nov 12 01:22 PM | 4 Likes Like |Link to Comment
  • American Realty Capital: The Nick Schorsch REIT Empire Is Crumbling [View article]
    This article is about the RCAP/ARCP feud, not the accounting issues.
    Nov 12 01:01 PM | 5 Likes Like |Link to Comment
  • American Realty Capital: The Nick Schorsch REIT Empire Is Crumbling [View article]
    Techbug,

    There is tons of new info in the article, namely the lawsuit news and the news regarding the suspension of sales on the non-traded REITs. Both point towards major problems at RCAP and Cole.
    Nov 12 01:00 PM | 5 Likes Like |Link to Comment
  • Atlantic Power: The Dividend Remains Unsustainable [View article]
    The dividend on the preferred stock seems safe for now. It must get paid before any common stock dividends.
    Nov 12 10:58 AM | 1 Like Like |Link to Comment
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