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Bill Zielinski

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  • Tucows: Acceleration Of Growth Might Prompt Re-Rating [View article]
    Very nice article.
    I have been following TCX for many years. Elliot Noss, President and Chief Executive Officer, is a dynamic individual determined to build long term share value.
    Noss has a 7.5% beneficial ownership in TCX and all directors and executives as a group have an ownership interest of 25.1% in the company. A substantial holding of company stock by insiders is always a good sign signaling that the guys running the company are committed to achieving long term growth in shareholder value.
    Although Ting is in a competitive industry, they offer a unique package of value with their mobile phone service which makes it a compelling choice for consumers. Ting, along with other actions taken by the company could indeed be the spark that sets off a more proper valuation of the company by investors. There will be ups and downs with TCX's share price but TCX is a low risk holding and over the next three years this stock could easily double or triple. Buy the dips!
    Jan 30 05:11 PM | Likes Like |Link to Comment
  • Optimists On Housing Recovery May Have To Wait Another Decade - Humpty Dumpty Vs.The Fed [View article]
    A recent survey by Harrison Group and AXP Publishing found that the highest income groups have reduced investments in stocks and financial investments from 76% in 2007 to around 46% today.

    So where are the "one-percenters" putting their money?
    According to the survey, the investments of choice are real estate, collectibles and hard assets.

    Article can be found at:
    May 17 01:59 PM | 2 Likes Like |Link to Comment
  • HYG: Peeking Inside This High-Yield ETF [View article]
    Excellent in depth summary of HYG. A potential investor in HYG would be well advised to read this article before making an investment decision.
    Jan 10 10:48 PM | 1 Like Like |Link to Comment
  • Gold And Silver: What To Do Now Redux [View article]
    Those who cannot comprehend your brilliance should not be allowed to post negative commentary!
    Aug 25 07:36 AM | Likes Like |Link to Comment
  • Gold: What To Do Now [View article]
    Nice article with some very timely and accurate advice.
    Keep this up and you and your readers can have a nice retirement!
    Aug 25 07:30 AM | Likes Like |Link to Comment
  • Netflix Nukes Itself [View article]
    Nothing can stop Netflix.
    The monthly fees were dirt cheap before and are still a huge bargain even with the increase.
    Maybe you will feel better if you blame the Bernanke for the price increase.
    Jul 13 03:55 PM | Likes Like |Link to Comment
  • U.S. Banks Aren't as Strong as They Look [View article]
    The FDIC Quarterly Banking Profile for March 31, 2011 says that 96% of FDIC insured institutions "met or exceeded the highest regulatory capital requirements." If you believe the FDIC, the banking industry is rock solid, yet 12% of all banks are listed as "problem banks". Go figure.
    BTW, very nice article.
    May 28 01:56 PM | Likes Like |Link to Comment
  • When Will Ben Take the Punchbowl Away? [View article]
    Howard, thanks for the excellent analysis.
    Apr 22 02:04 PM | Likes Like |Link to Comment
  • BoJ Money Printing Frenzy: Shorting Treasuries and Anyone Else Hurt by Inflation [View article]
    Nice article. The money printing, borrowing and spending won't stop - the question becomes one of how to profit and/or survive this new, hyper leveraged road to ruin.
    Your article has some good thoughts in this regard - now if we can just get the timing right!
    Mar 22 09:03 PM | Likes Like |Link to Comment
  • PIMCO Dumps U.S. Bonds: Should We Be Alarmed? [View article]
    Very nice article. The debt trap you mention is inescapable. The Fed moving to ZIRP has left them with only one bad option which is to continue to print money. I expect QE will become the global policy tool of choice by all central banks.
    How does one profit in this environment?
    Mar 10 02:54 PM | 1 Like Like |Link to Comment
  • What Bernanke Said: On Stock Market Rises and Commodity Price Inflation [View article]
    Still LOL. Very nice summary.
    I suppose if mortgage rates had gone down (as they were supposed to), Bernanke would have taken credit for that as well.
    Feb 5 02:29 AM | 2 Likes Like |Link to Comment
  • Foreclosure Situation to Worsen in 2011; How We Got Here [View article]
    Of the total OREO of $53.2 billion at September 30, 2010, only $17.7 billion represented foreclosed 1-4 family and multifamily residences, a trivial amount compared to total banking assets.

    The number that should be of more concern is the percentage of mortgage loans past due. In the 1-4 family residential category, 12.53% of bank held mortgages are 30 days or more past due, with 9.68% past due by 90 days or more.
    In the multifamily residential real estate category, 5.72% of loans are past due by 30 days or more.

    The total amount of 1-4 family residential mortgages held by all FDIC insured institutions totals $1.9 trillion as of the end of the third quarter 2010, representing 27% of total net loans and leases.
    Jan 17 05:03 AM | 1 Like Like |Link to Comment
  • Euro, Spanish Banks Continue to Be Crushed [View article]
    Looks like Germany may be the only country left with a paper currency that actually has any value.
    Wir alle lernen, besser Deutsch sprechen!.
    Jun 8 08:15 PM | Likes Like |Link to Comment
  • Has the Government's Effort Failed? [View article]
    Awesome article.
    It is "only at the precipice that we change".
    Sep 10 09:48 PM | Likes Like |Link to Comment
  • Someone Forgot to Tell Fannie, Freddie About Lowering Debt Ratios [View article]
    I was primarily speaking of the front end debt ratio. The point is, if mortgages are being modified to 31% and HUD is saying that this is a proper and safe debt ratio, why are new loans being approved at much higher front end debt ratios? I commonly see approvals with a back end ratio in the mid 40's or low 50's which, as I noted, probably puts way too much stress on a homeowner's financial situation.

    For those borrowers with little other debt, many are approved with a front end ratio far in excess of the HUD recommended front end ratio of 31%. The government's policies are inconsistent.
    Also, each bank can apply different rules as well; here's a summary of one major bank that announced they were "tightening" debt ratios (in this case, the back end).

    "Important Update Regarding Revised Maximum Debt-to-Income (DTI) Ratios on all AUS
    Approved Government Loans
    Effective for new locks on or after Monday, March 2, 2009, the maximum debt-to-income (DTI)
    ratio for all AUS approved government loans will be fifty percent (50.00%) regardless of the
    AUS approval or recommendation. This new requirement applies to FHA and VA loans
    approved through DU/DO and/or LP.

    Bottom line - a lot of borrowers are still being approved and taking on payments that probably can't be handled in the long term

    On Jul 13 01:46 PM mortgagedaddy wrote:

    > I have to correct you, sir. It is NOT common to see mortgages approved
    > with a ratio (like the one you speak of) at or above 50%. I am a
    > mortgage broker and the ratio in your blog of 31% is the font end
    > ratio or top ratio. It refers to the individual's % of gross monthly
    > income going toward the monthly payment. It would be a shocker to
    > me for someone with a front ratio of 50% to get approved for a conventional
    > or FHA loan. Now, the back end or bottom ratio, which is the percentage
    > of gross monthly income going toward all monthly credit report debt
    > including the new mortgage, does get approved sometimes even if it's
    > over 50%. You have to be clear. To say 31% is good, but loans are
    > getting approved with % over 50, is wrong.
    Jul 13 09:42 PM | Likes Like |Link to Comment