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Doug Meeks

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  • Intel: Major Upside Ahead, 2014 Estimates Too Low [View article]
    I love INTC but they are not innovating in a vacuum. Apple could roll out some thing that changes the game again, not likely but it's a risk. I'm long INTC in a big way and I loved this article thanks for taking time to write.
    May 13 09:49 PM | Likes Like |Link to Comment
  • The mortgage REITs are lit up bright red (MORT -1.9%), again led by American Capital Agency (AGNC -3.5%) and American Capital Mortgage (MTGE -3%), with Annaly (NLY -3.1%) not far behind. Yes, the 10-year Treasury yield is a 3 bps higher, but there's also rare action in Fed Funds futures, now pricing in a whopping 50 bps in rate hikes by this time 2016. AGNC presents at the JMP Conference at 2 ET. [View news story]
    Good point Mike, equity REIT's need stable credit markets as well. I worry too much. What if the long side just went to zero, like a 10yr note at 0.75%? I'm worried that capital flight or a stock down draft will move large amounts of money to a "safety" trade. Those trillions could move a coverage ratio in a hurry.
    May 13 09:35 PM | Likes Like |Link to Comment
  • The mortgage REITs are lit up bright red (MORT -1.9%), again led by American Capital Agency (AGNC -3.5%) and American Capital Mortgage (MTGE -3%), with Annaly (NLY -3.1%) not far behind. Yes, the 10-year Treasury yield is a 3 bps higher, but there's also rare action in Fed Funds futures, now pricing in a whopping 50 bps in rate hikes by this time 2016. AGNC presents at the JMP Conference at 2 ET. [View news story]
    I know, looking back over the history of NLY you can see lots of rate environments, it's very interesting and impressive. My point was that credit markets can be a problem at times and in surprising ways. It's just tough to sleep at night with that much dependence on an orderly credit market.
    May 13 09:28 PM | Likes Like |Link to Comment
  • The mortgage REITs are lit up bright red (MORT -1.9%), again led by American Capital Agency (AGNC -3.5%) and American Capital Mortgage (MTGE -3%), with Annaly (NLY -3.1%) not far behind. Yes, the 10-year Treasury yield is a 3 bps higher, but there's also rare action in Fed Funds futures, now pricing in a whopping 50 bps in rate hikes by this time 2016. AGNC presents at the JMP Conference at 2 ET. [View news story]
    My equity REITs are all up huge. ARCP, OHI, WSR, and a few others, been a nice run. I went all in on ARCP, probably every client I represent. Never touched the mREIT's, don't think I will. Does anybody remember the total collapse of the overnight and super short term debt markets in 2008/09. All those leveraged ETF's got killed.
    May 13 05:53 PM | Likes Like |Link to Comment
  • My Definitive 17 Cardinal Rules For Investing Success [View article]
    I enjoyed the irony of #13. Learning when to sell is true wisdom for an investor and not just the profitable positions. Good read, thanks so much for taking time to write.
    May 12 11:53 AM | Likes Like |Link to Comment
  • How Quantitative Easing Leads To Cheaper Gold [View article]
    Great discussion, thanks to all. Velocity is an important thing, like most things it seems to me that velocity will not always move lower. Lending standards are being lowered already and optimism is starting to be seen in a few places. Sentiment and velocity and monetary theory? Wow! this was a great read for a Sunday night. I think often about the expanding size of the international monetary base verse the much smaller physical gold base ( it does grow but not like currency expansion). More stronger dollars will have an out-sized effect on a smaller basically static item. So yes the paper market reflects that and the paper trade dynamics can result in volatility, but what about the physical market. The physical gold market was the only reason I have held gold and gold stocks, demand is up.
    May 11 10:59 PM | Likes Like |Link to Comment
  • How To Screen Stocks Based On 'Dividend Cultures' [View article]
    Thanks Tim, loved the read. Good work and as always thanks for taking the time to write.

    About American Water, AWR has added this water management service group to the base business and last year the dividend increase was something shocking like 30%. This newer internal group has continued to add strong earnings, with AWR you see dividends growing as the company grows, so yes it has been very slow, but still above reported inflation. I understand that AWR does not make your screening research, but AWR is a great example of dividend culture and an example of a situation in which deeper digging would have turned out an nice opportunity to get the culture and the growth. Regulated utilities are interesting as investments (and important), and often the good ones will have slow div growth rates.

    This is a good article and people should read it. Dividend culture is extremely important, and having the dividend growth in-line with company performance is good for the shareholders. I'm a BIG fan of 3M and watching them closely now for a pull back, to load up.
    May 8 10:25 AM | 1 Like Like |Link to Comment
  • Best Windows Laptop? MacBook Pro! [View article]
    My 6 year old MacBook is still the cleanest fastest and most reliable machine I have ever seen. It was my 11th laptop, as I have always had them for work. I upgraded to new much faster hard drive and I could not be more happy. I watch people all the time sitting around switching machines, waiting for boot up, crashing and generally not happy with their lap top. So while I have had one iphone and this one lap top ALL my non Apple friends have had four phones and four or five laptops, and a crap load of time shopping, switching over and such, that amount of money would have easily bought a mac book.
    Apr 28 07:56 AM | 4 Likes Like |Link to Comment
  • Dividends: High Yield Vs. Steady Growth Examined [View article]
    Cranky, I'm looking forward to that article. I deal with people all the time that need to "top up" a retirement portfolio and at the same time be safe and predictable.
    Apr 23 08:22 AM | Likes Like |Link to Comment
  • Dividends: High Yield Vs. Steady Growth Examined [View article]
    I have been very happy to have ARCP and OHI for many clients, been a nice run for those guys.
    Apr 22 10:26 PM | Likes Like |Link to Comment
  • Dividends: High Yield Vs. Steady Growth Examined [View article]
    I agree and I worry about Coke over the long long term, the trend away from un-healthy foods is happening. The interest rate market is not really a market anymore and the people in charge of those rates are not all that interested in profit or healthy yield environments.
    Apr 22 05:10 PM | Likes Like |Link to Comment
  • Dividends: High Yield Vs. Steady Growth Examined [View article]
    Investors have different needs. But good information is most important, thanks for a good read!
    Apr 22 05:01 PM | Likes Like |Link to Comment
  • Dividends: High Yield Vs. Steady Growth Examined [View article]
    Dave22Q, Do you see mREIT's and equity REIT's as different type of investments?
    Apr 22 05:00 PM | Likes Like |Link to Comment
  • Dividends: High Yield Vs. Steady Growth Examined [View article]
    Guardian, good point on taxes. I have ejected all bonds except some muni's that are rolled up in HYD for a few clients. The mREIT's do not have the current tax advantage that a company paying qualified dividends has, over the long term that would be a good point to add. However, most people (and most of my clients) investments are in IRA (or other retirement) accounts.

    I think the overriding concern of many investors that are seeking income is that it not drop. That is a big deal if you are retired, living on a budget and are counting on the income, a drop in the income means liquidation for these type of people and further more it means liquidation with out consideration to market conditions. Few people living off dividends have the flexibility to deal with the volatility in the high yield market. It it the QUALITY of the income stream that determines the yield, the higher the quality the lower the yield, in many cases.

    I liked this article, an open mind is best when approaching any market. Thanks for taking time to write.
    Apr 22 03:35 PM | Likes Like |Link to Comment
  • Intel Just Made A Huge Decision [View article]
    Here's a link to one of the many articles:

    http://bit.ly/15eqpOX

    am I missing something, is that not an Intel Atom based server?
    Apr 14 09:47 PM | Likes Like |Link to Comment
COMMENTS STATS
430 Comments
321 Likes