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Albert Alfonso  

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  • Prospect Capital Has Become Absurdly Cheap [View article]
    Mike,

    But even poorly run companies have some value. PSEC made money during Q1 2015 and the stock has reacted as if a major loss was posted.
    May 7, 2015. 10:27 AM | 3 Likes Like |Link to Comment
  • BreitBurn Energy Partners - Is The Worst Over? [View article]
    Or, oil could go up in a flash. We were at $45 a few months ago, now at $61. You can thank traders and speculators for the increased volatility, they outnumber investors 20 to 1 in the futures market.
    May 7, 2015. 07:40 AM | 3 Likes Like |Link to Comment
  • JP Energy Partners: A Small Midstream MLP With 50% To 80% Upside [View article]
    Jion,

    Yup, JPEP is under-levered. But that is mostly due to them wanting enough dry powder to finance the Republic dropdown.
    May 7, 2015. 07:35 AM | 2 Likes Like |Link to Comment
  • Ellington Financial income rebounds, still shy off dividend; getting into auto loans [View news story]
    EFC posted a 10% annualized ROE and people are still bearish? Last quarter they posted a 1% annualized return. If you ask me, they were able to right the ship pretty fast.
    May 7, 2015. 07:32 AM | Likes Like |Link to Comment
  • Prospect Capital Has Become Absurdly Cheap [View article]
    Founder,

    The spin offs should trade at a premium valuation compared to PSEC, unlocking hidden value. That is is the theory at least.
    May 7, 2015. 07:21 AM | 2 Likes Like |Link to Comment
  • BreitBurn Energy Partners - Is The Worst Over? [View article]
    Yankee John,

    Iran has been smuggling their oil into China for ages. They did not stop producing due to the sanctions, they only loss a few European customers.
    May 6, 2015. 07:46 PM | 6 Likes Like |Link to Comment
  • BreitBurn Energy Partners - Is The Worst Over? [View article]
    Pablomike,

    BBEP's debt tells you just how risky this name is. I wonder if someone with a lower cost of capital could come in and buy up the whole thing for ~$10 per share...
    May 6, 2015. 06:46 PM | 2 Likes Like |Link to Comment
  • Prospect Capital misses by $0.02, misses on total investment income [View news story]
    PSEC should post more misses like this. Stock is up 3% in AH trading.
    May 6, 2015. 05:28 PM | 6 Likes Like |Link to Comment
  • BreitBurn Energy Partners - Is The Worst Over? [View article]
    Another 50% drop in oil? Based on what? Supplies in the US are already shrinking.
    May 6, 2015. 04:38 PM | 6 Likes Like |Link to Comment
  • BreitBurn Energy Partners - Is The Worst Over? [View article]
    gawilley,

    That is why I refer to the stock as highly speculative and high risk. There is no telling what happens after 2016 if oil does not recover. Nevertheless, short to medium term, BBEP looks okay.
    May 6, 2015. 04:37 PM | 3 Likes Like |Link to Comment
  • JP Energy Partners: A Small Midstream MLP With 50% To 80% Upside [View article]
    Jeff,

    Let us worry about 50/50 IDRs when we get there. Right now, no IDRs are going to the GP. Arclight is getting Republic ready for operations and both AMID and JPEP have that transaction budgeted in for Q3-Q4 2015.
    May 6, 2015. 12:01 PM | 3 Likes Like |Link to Comment
  • Strong Hedges Protect Memorial Production Partners During A Volatile Quarter [View article]
    Peteresmond,

    They are guiding for a 1.05x FY coverage ratio. Though they need to get the LOE cost cuts rolling in.
    May 6, 2015. 11:51 AM | Likes Like |Link to Comment
  • American Capital Agency: The Sky Is Not Falling [View article]
    Bruce,

    I got a lot of heat back in 2013 when I told everyone to avoid ARR. Never understood why they get the benefit of the doubt. They do not even have a full-time CFO/IR guy. I've sent emails to them and not once have they replied. Tells you what they think of us small-time investors...
    May 6, 2015. 11:49 AM | 3 Likes Like |Link to Comment
  • Strong Hedges Protect Memorial Production Partners During A Volatile Quarter [View article]
    Griffin Mungus,

    Oil at $43 per bbl can do that. They also had some higher one-time costs (interest and G&A) which impacted the coverage ratio.
    May 6, 2015. 11:19 AM | Likes Like |Link to Comment
  • American Capital Agency: The Sky Is Not Falling [View article]
    tony8900,

    You would think the "debt-like" preferred stocks would get crushed if the common were having major problems. I think this tells us that the market is overreacting.
    May 6, 2015. 10:33 AM | 2 Likes Like |Link to Comment
COMMENTS STATS
2,609 Comments
4,053 Likes