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Heisenberg Principle  

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  • Dead Company Walking: 5 Reasons BlackBerry 10 Marks The End [View article]
    Excellent article!
    Feb 4, 2013. 05:04 PM | 7 Likes Like |Link to Comment
  • Amarin Q4 Call Leaves A Fishy Taste In My Mouth [View article]
    Excellent article!

    Brace yourself for an angry response from the "buyout next week" crowd.
    Mar 1, 2013. 11:05 AM | 5 Likes Like |Link to Comment
  • Ignore The Noise: 3 More Reasons Apple Might Beat Estimates [View article]
    lol did a similar acedotal test last night with an iphone vs. the latest samsung playing music

    the samsung speakers sounded awful. Apartment-intercom qualify almost. The iphone speaker sound was crisp and clear. Car radio quality.
    Dec 26, 2012. 11:20 AM | 5 Likes Like |Link to Comment
  • REITs: Why The Dividends Are A Mirage [View article]
    All correct. But the dividends are a mirage as long as they are raising money while paying them.
    Mar 4, 2013. 08:33 AM | 4 Likes Like |Link to Comment
  • U.S. Recession Probability Is Only 1/5 Of 1% [View article]
    Wow there really is somebody out there who thinks Q1 GDP will be negative?


    GREAT article based on statistical fact. Silly comment #1 based on cherry picked garbage. One can cherry pick far worse worries since 1968 in history. GDP will be very positive for Q1.
    Mar 3, 2013. 03:14 AM | 4 Likes Like |Link to Comment
  • Apple's Secret Weapon Will Yield All-Time Highs [View article]
    iWatch sounds very much like we've read and seen in sci-fi stories for decades. This could be a game changer for sure!

    Speakerphone on the watch for driving will be fantastic. And GPS.
    Mar 6, 2013. 10:38 AM | 3 Likes Like |Link to Comment
  • REITs: Why The Dividends Are A Mirage [View article]
    The money used to pay dividends isn't buying mortgages.
    Mar 4, 2013. 01:31 PM | 3 Likes Like |Link to Comment
  • REITs: Why The Dividends Are A Mirage [View article]
    The problem is the steer hasn't gotten any bigger. Your dividend comes from dilution. It's a mirage.

    Dilute by 10%. Pay a 10% dividend. Nothing has changed.
    Mar 4, 2013. 08:42 AM | 3 Likes Like |Link to Comment
  • Amarin's Tough Road Ahead [View article]
    The sheer anger over my link-backed factual research for which there is are intelligent retorts is quite amusing.

    Feb 13, 2013. 04:52 PM | 3 Likes Like |Link to Comment
  • 4 February 'Feel Good' Factors For Apple Fanatics [View article]
    One of the best AAPL articles I've seen yet.
    Feb 2, 2013. 08:16 PM | 3 Likes Like |Link to Comment
  • Stunning Bond Collapse Will Be Gold's Gain [View article]
    I can't wait for the gold bubble to burst. The spin on that will be epic.
    Feb 2, 2013. 08:12 PM | 3 Likes Like |Link to Comment
  • Apple's R&D Numbers - Something Good Brewing, Or Something Wrong? [View article]
    It's absolute nonsense to suggest R&D spending should stay flat as a percentage of revenue yet the company has little to show for it.

    This isn't just an accounting income statement line.

    R&D spending is real dollars going to real employees, materials, goods, etc. This figure has a hard number has gone through the roof yet they produced, thus far, less than they produced with a budget the fraction of the current size. Either something big is coming out or they are being extremely wasteful.

    The fact is that their products have been massively successful with each new version, without much difference from previous versions. The iPhone 5 is barely distinguishable from the iPhone 2 crying out loud.
    Nov 28, 2012. 12:23 AM | 3 Likes Like |Link to Comment
  • American Realty Capital Properties Is No Mirage: It's Time To Back Up The Truck [View article]
    Same cluelessness yet violent defensiveness we saw circa 2006. Diluting while paying a giant dividend yield is for suckers.
    Mar 5, 2013. 10:06 AM | 2 Likes Like |Link to Comment
  • REITs: Why The Dividends Are A Mirage [View article]
    No, I'm not missing any of those points as I laid out each and every one of them already.

    1. The full $89 million isn't going to invest in new assets. Some of it is being used to pay a dividend.

    2. I already called it "a necessary evil" that they pay dividends to save on income taxes. That's the ONLY benefit of the dividend. And it's a great benefit for investors who truly understand REITs properly and also understand that the dividend yield is a mirage but a ncessary mirage.

    3. You can call it distributing income to make the IRS happy but the net economic effect is the same -- the cash comes out of the equity raise. As a CPA, you should know that. You gotta do what you gotta do to keep the IRS happy, and the IRS is okay with companies distributing the "income" out then turning around and bringing it straight back in. It's a great game REITs play, and legal, to skirt the IRS rules and remain a REIT. You should know more than anybody that's the purpose of it otherwise the REITs have zero interest whatsoever in paying out a dividend. They only do it to keep the IRS happy and avoid a huge income tax expense all the while what they give the shareholders with one hand they take away with the other. Nothing wrong with it -- investors should just learn to recognized what it is and not be fooled by these huge dividend yields. They are RISKY and trade with a mirage yield.

    Many REIT investors see for example on PMT a 12% yield and go "ooohhh, look at that, get paid 12% to wait AND be in a growing REIT." I like PMT very much long term, but the yield is a joke. Investors will make money on PMT because its mortgage business itself will grow and earn more and more per share as it has been.

    There's a reason the REITs pay in dividend the very bare minimum needed to keep the IRS happy. They, too, know it's a mirage. Call any one of them and ask.
    Mar 4, 2013. 02:54 PM | 2 Likes Like |Link to Comment
  • REITs: Why The Dividends Are A Mirage [View article]
    Simple math. Keep believing a company can dilute then pay you a dividend and there's value gained. LOL, why didn't non-REITs think of that?
    Mar 4, 2013. 09:00 AM | 2 Likes Like |Link to Comment