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Christopher F. Davis  

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  • The Finish Line Is No Foot Locker
    Today, 4:22 PM FL, FINL Comment!

    Summary

    • Both The Finish Line and Foot Locker operate very similar enterprises but they have varying execution.
    • A review of the both company's recent performance and outlook give some color to the differences between the two companies.
    • Why own second best?
  • Time To Get On Board Carnival
    Fri, Mar. 27 CCL 4 Comments

    Summary

    • Carnival Corporation is by far the largest cruise company in the world and despite setbacks in recent years it is looking attractive.
    • Two macroeconomic factors are signaling a buy; increased employment and declining oil and gas prices.
    • I expect bookings to rise and strong revenue yields for 2015 despite a strengthening U.S. dollar which will impact overall earnings.
  • What Hecla Mining's Acquisitions Means For You
    Fri, Mar. 27 HL 14 Comments

    Summary

    • Hecla Mining continues to make the right moves and truthfully the only thing keeping the share price low is the weakness in silver and gold prices.
    • It has just announced an acquisition and will look to develop Rock Creek which is a dandy of project.
    • What does it mean for you?
  • Javelin Mortgage: Throw In The Towel
    Fri, Mar. 27 JMI 24 Comments

    Summary

    • JMI was once my top mREIT holding up until the summer of 2014.
    • Another dividend cut is coming for Q2.
    • Key metrics continue to decline.
    • Downgrading the stock for several reasons.
    • How to save your capital.
  • Now Is The Time To Accumulate Franco-Nevada
    Fri, Mar. 27 FNV 2 Comments

    Summary

    • I have yet to initiate coverage on Franco Nevada.
    • I feel the stock is being sold off based on misinterpretations of the company's overly conservative guidance.
    • With a strong diversified investment portfolio and revenues expected to continue to hit records, I think now is the time to accumulate Franco-Nevada.
  • How Chimera Investment's Decision To Reverse Split Affects You
    Thu, Mar. 26 CIM 11 Comments

    Summary

    • Chimera has grown to be one of my preferred mREITs because it is delivering results in an environment where many of the top dogs are simply underperforming.
    • A 1 for 5 reverse split was announced, but how will it affect you?
    • Don't worry about the dividend, it got hiked, but what happens to option holders and fractional shares?
    • I have a key recommendation.
  • Wal-Mart Is Plug Power's Greatest Salesperson
    Wed, Mar. 25 PLUG 51 Comments

    Summary

    • I know many readers don’t believe in Plug Power and feel it has been somewhat of a scam stock for years, but the company really is turning things around.
    • There's not a better salesperson for the company than Wal-Mart is today.
    • The recent FreezPak order demonstrates what I believe is the most important target customer type for several reasons.
  • I Was Simply Wrong About American Capital Mortgage
    Tue, Mar. 24 MTGE 11 Comments

    Summary

    • I have covered American Capital Mortgage in several articles.
    • I had considered this a superior mREIT for many reasons, but I was simply wrong about its payout.
    • Despite being wrong, there are several key strengths to consider before abandoning the ship.
  • Sandstorm Gold: Shining Bright Like A Diamond
    Mon, Mar. 23 SAND 28 Comments

    Summary

    • Sandstorm has now begun to branch out from its cornerstone metal and is seeking to generate income from new sources.
    • The company has just invested more than half of its cash it had to start 2015 to acquire a new royalty in property that contains a world class diamond mine.
    • Is this diversification wise and what will it mean for cash flows?
  • Silver Wheaton: The Pain Is Real But...
    Fri, Mar. 20 SLW 3 Comments

    Summary

    • 2014 was a painful year and production declined as did share prices.
    • The pain is real but you should accumulate while the stock is weak.
    • Everyone is focused on the negatives and not looking to the positives.
    • The company is positioned well for the future and although the pain is real better days are ahead.
  • Buy Five Oaks' 14% Yield Here?
    Fri, Mar. 20 OAKS 6 Comments

    Summary

    • I like so-called hybrid mREITs because they tend to be a lot more diversified than many standard mREITs.
    • An examination of the recent performance of the stock, but more importantly a candid discussion of portfolio moves helps predict where the company may be heading.
    • I worry about the dividend but there are things I like about the company too, making a rating difficult here.
  • If You Like Sustainable Rising Dividends You Will Love Apollo Residential Mortgage
    Fri, Mar. 20 AMTG 8 Comments

    Summary

    • I add evidence to support my thesis that Apollo is a serial dividend raiser.
    • I discuss the most recent dividend hike and look at the trajectory of the dividend since the interest rate crisis of 2013.
    • I add color to the dividend picture and where I see the company going in 2015 by examining the shift in asset mix.
    • You need to know where the company's money is to know how you get paid this dividend.
  • Sandstorm Gold: Spring-Loaded And Waiting For Gold's Cue
    Thu, Mar. 19 SAND 4 Comments

    Summary

    • The stock has been crushed but 2014 was a turn around year in my eyes.
    • I think a more reasonable estimate is 50,000 ounces plus of sales by 2018 versus the company's forecasts.
    • Sandstorm will be range slightly range bound as gold limps along, but once the move in gold happens, Sandstorm is spring-loaded and awaiting gold's cue.
  • Consider Franklin Street Properties Before Its Growth Initiatives For 2015-2016 Kick In
    Tue, Mar. 17 FSP 6 Comments

    Summary

    • Franklin Street Properties is a real estate investment trust that I was asked about this morning and decided to take a look.
    • The company has grown funds from operations 33% in the last few years without acquiring any new properties in 2014, but will acquire several new ones in 2015-2016.
    • The 6% yield is secure and I project share growth in response to the company's growth and increases to funds from operations.
  • Is Now The Time To Buy The 17% Yielding Resource Capital Corporation?
    Tue, Mar. 17 RSO 15 Comments

    Summary

    • After receiving an email request for assistance on this name I took a deeper look.
    • I like the business model, but I had to dig into the cash flows to better understand the dividend.
    • I "prefer" a certain strategy with this one.
  • Facts Are Facts: Is Plug Power Out Of Power?
    Tue, Mar. 17 PLUG 76 Comments

    Summary

    • Why the company's products have appeal and why the stock is down from highs?
    • An honest discussion of the facts surrounding the company.
    • Money can be made on either side of this one but can a case be made to invest?
    • I discuss in detail its performance but all that really matters is where it is going.
  • AG Mortgage Investment Trust: A Viable Alternative To Annaly Capital And American Capital Agency
    Tue, Mar. 17 MITT 3 Comments

    Summary

    • AG Mortgage Investment Trust is an actively managed mortgage real estate investment trust that I believe is flying under the radar of income-seeking investors holding AGNC and NLY.
    • The company is outperforming AGNC and NLY in several key areas.
    • A dividend hike or special dividend is in the cards for the company and I suspect continued outperformance in 2015 based on its actively managed approach.
  • Orchid Island Capital: A Best-Of-Breed mREIT Contender?
    Mon, Mar. 16 ORC 8 Comments

    Summary

    • Initiating coverage on Orchid Island Capital after numerous inquiries and a juicy 15.8% yield.
    • An analysis of the company's strategy, its performance and its key metrics.
    • I have to say this stock has surprised me and it deserves your due diligence.
  • Annaly Capital: A Very Serious Check-Up
    Fri, Mar. 13 NLY 27 Comments

    Summary

    • This serious check-up is an important analysis for me as an investor in the company and as an author on Seeking Alpha, particularly since it was motivated by reader demand.
    • An investigation of basic statistics, recent performance, core earnings, the interest rate spread, net asset value, dividends, hedging and future projections.
    • What is the prognosis for a company trading at a historic 25% discount to its net asset value?
  • Fortuna Silver Mines: The Market Is Dead Wrong
    Fri, Mar. 13 FSM 6 Comments

    Summary

    • Extreme value hunters have been eyeing the precious metal miners for some time.
    • A falling price of metals decimating the competition, Fortuna is doing the near impossible, delivering margin expansion and positive earnings.
    • I rate the company as a conviction buy with a $5.50 price target, representing 50% upside from current levels.
    • The market is simply pricing this one incorrectly.
  • Medley Capital: I Don't Care About The Past
    Fri, Mar. 13 MCC 15 Comments

    Summary

    • Although my motivation for this article was brought about by an error, make no mistake that Medley has had problems.
    • Investors have lost a bundle in recent quarters, but I think the worst is over.
    • The portfolio is diversified, the holdings are prepared for higher rates, the dividend is more sustainable now, the buyback program will support shares and the debt is manageable.
  • Addressing Synta Pharmaceuticals' Cash Burn
    Thu, Mar. 12 SNTA 6 Comments

    Summary

    • Synta Pharmaceuticals is a company that I have followed for some time.
    • Cash burn is the greatest risk to the company.
    • What is the company spending its money on and has it been able to cut costs?
    • Where do we go from here?
  • You're Gonna Like The Way Men's Wearhouse Looks In Your Portfolio
    Thu, Mar. 12 MW 1 Comment

    Summary

    • As a favor to one of my groomsmen who just this morning asked me about investing in this company, I thought I would take a look at Men's Wearhouse.
    • A discussion of its acquisition of Jos. A Bank, its transition issues, its performance and expected performance leads to a buy rating.
    • Looking ahead, Men’s Wearhouse is entering a new era and is going to be on the upswing of things with earnings that will likely more than double in 2 years.
  • American Capital Agency: A Serious Check-Up
    Wed, Mar. 11 AGNC 17 Comments

    Summary

    • With the ever-changing landscape in the mortgage real estate investment trust sector, it is important to stay current on all of the key metrics of the companies you follow.
    • The purpose of this article is to revisit American Capital Agency and to conduct a thorough check-up on its health.
    • I hope this in-depth analysis helps shed some light on where the company has been, where it is and where it is going.
  • TCP Capital: Exceptional But Flying Under The Radar
    Wed, Mar. 11 TCPC 4 Comments

    Summary

    • TCP Capital is a business development company that I would like to bring to my readers' attention.
    • The stock is right in the middle of its 52 week trading range but still trades at a premium-to-book.
    • The company is growing assets, covering its dividends and is trying to take care of shareholders.
  • Capstead Mortgage: Why Isn't Anyone Talking About This?
    Tue, Mar. 10 CMO 41 Comments

    Summary

    • Capstead has just announced a huge share offering.
    • Rather than accept it at face value, shareholders should at the very least reassess their position to ensure its worth holding onto through this dilution.
    • Why isn't anyone talking about this?
  • CYS Investments: What Now?
    Tue, Mar. 10 CYS 9 Comments

    Summary

    • Two pieces of news caught my eye this morning.
    • There is evidence that the company has turned things around and we learned there was a big buyer in Q4.
    • What portfolio moves have strengthened the company and are earnings sufficient to cover the dividend going forward?
  • Now Is The Time To Accumulate General Motors
    Mon, Mar. 9 GM 3 Comments

    Summary

    • Despite the long and tumultuous history of GM, I only care about the future.
    • While the bottom line has been pressured in the last three years a deeper look shows increasing sales and operating performance.
    • Shares will be helped by a comprehensive capital allocation program which seeks to return all available free cash flow to shareholders.
  • Monroe Capital Corporation Is Firing On All Cylinders
    Mon, Mar. 9 MRCC 10 Comments

    Summary

    • The company caught my eye after raising its dividend, again.
    • The most recent quarterly report was most impressive.
    • With no loans in non-accrual status, a growing net asset value and a comfortably covered dividend, I think the company can make a strong addition to a dividend portfolio.
  • What I Would Do With Pan American Silver Shares Now
    Fri, Mar. 6 PAAS 8 Comments

    Summary

    • Pan American Silver now yields over 5% but its Q4 was so poor the dividend could be in trouble.
    • I am concerned because Q1 2015 is not looking any better and there are no signs of upward catalysts for silver and gold.
    • I think at present, following the terribly weak performance, shareholders should sit tight.
  • Lace Up And Step Into Profits With Foot Locker
    Fri, Mar. 6 FL Comment!

    Summary

    • Foot Locker is a company that I have long been a customer of, but have never really considered as an investment.
    • I tend to do a lot of my shopping for new stocks among those hitting new 52-week highs.
    • The company is effectively managed and shareholder friendly but its growth is incredible.
  • Why Worry About Your Investment In Annaly Capital?
    Fri, Mar. 6 NLY 21 Comments

    Summary

    • The truth is that everyone’s situation is different, but there are a few things all investors should know about Annaly.
    • This simple analysis is being done to explain why I don’t panic everytime interest rates move higher, or Annaly puts in a weak quarter.
    • The short-term pain may be real, but think about the long term.