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Latest  |  Highest rated
  • It's New! It's Nifty! It's The Dividend Growth 50! [View article]
    No kidding, just look at the DG50 portfolio:

    KO (Minute Maid)
    KRFT (Capri Sun)
    PEP (Tropicana)

    You've clearly been "juicing"!
    Mar 30, 2015. 02:56 PM | 3 Likes Like |Link to Comment
  • Yelp: A Bull Case [View article]
    Nice article, your DCF analysis supports mine:

    http://seekingalpha.co...

    I think people are underestimating how much operating leverage YELP has as revenues continue to increase faster than expenses.
    Mar 30, 2015. 02:43 PM | Likes Like |Link to Comment
  • Yelp Faces A Major User Problem [View article]
    I assume this entire article would suffice as "elaborating"?

    http://seekingalpha.co...
    Mar 30, 2015. 02:28 PM | Likes Like |Link to Comment
  • Existing Home Sales Miss Street Estimates - Underlying Data Still Bearish [View article]
    Wow, look at how high they manipulated the pending home sales, can't wait to see what Dave has to say about this!

    http://seekingalpha.co...
    Mar 30, 2015. 12:20 PM | 1 Like Like |Link to Comment
  • BlackBerry's Chen: Guidance Increasingly At Odds With Reality [View article]
    Yes, obviously that's what I was going for, it was a simple typo but I'll immediately turn myself in to (almost wrote into, that would have been a class 1 felony) the grammar police.
    Mar 28, 2015. 02:47 PM | 1 Like Like |Link to Comment
  • Getting 3D Printing Out Of Its Slough Of Despond [View article]
    Holy cow, two million dollar contracts! That'll move the needle on this $3B market cap company that is expecting almost $1B in revenue this and next year...
    Mar 28, 2015. 02:10 PM | Likes Like |Link to Comment
  • Rampant Mispricing Makes Specialty REITs An Interesting Space [View article]
    Not really what I was asking, but I guess it does illustrate that some of these specialty REITs are still being priced at a discount because investors think all the good news has been priced in, despite the fact that they usually do quite well in rising rate environments as the economy continues to improve.
    Mar 28, 2015. 02:05 PM | Likes Like |Link to Comment
  • BlackBerry's Chen: Guidance Increasingly At Odds With Reality [View article]
    Nice, fairly balanced article. I don't get why this practically irrelevant company has so many rapid defenders, they seem to be like AMD and Cubs fans in saying "wait til next year".
    Mar 28, 2015. 01:54 PM | 4 Likes Like |Link to Comment
  • 'Krafting' Success For My Dividend Growth Portfolio [View article]
    "Tiger sharks would disagree"

    Guarantee we've killed more of them than they've got of us. I personally find shark fin soup morally reprehensible, and apparently some people feel the same way about beef, so it's a tricky situation to try to tell people what they can and can't eat.
    Mar 27, 2015. 05:27 PM | 1 Like Like |Link to Comment
  • 3D Systems: Short Interest Hits New High [View article]
    Aren't you the least bit concerned that they issued $33M in stock based comp, three times more than they actually earned last year?

    Between this and issuing shares for endless questionable acquisitions, they've been diluting the shares outstanding by double digit percentages such that EPS has declined from 48 cents to 45 cents to 11 cents over the last three years.

    And does your bank allow you to add your mortgage payment back on to your checking balance because it was a "non-cash" transaction?
    Mar 27, 2015. 02:56 PM | Likes Like |Link to Comment
  • Why Shake Shack Has A High Valuation #InstaShack [View article]
    Where are you getting that 53% of SHAK is owned by institutions? The largest institutional holder I'm seeing is Fidelity with less than half a percent.

    Are you including shares that weren't issued in the IPO and are thus subject to a lockup period, but which might start being dumped after that expires?
    Mar 27, 2015. 02:43 PM | Likes Like |Link to Comment
  • 3D Systems: Short Interest Hits New High [View article]
    But we should ignore stock based comp and acquisition costs as "one time items" when they are clearly part (or perhaps the entirety) of DDD's ongoing strategy?
    Mar 27, 2015. 02:34 PM | Likes Like |Link to Comment
  • 3D Systems: Short Interest Hits New High [View article]
    And you apparently are "A part time radio talk show host,military veteran and full time American Patriot" who still has a lot to learn about accounting.
    Mar 26, 2015. 07:51 PM | 1 Like Like |Link to Comment
  • Starwood Waypoint: 64% Upside, Low Downside [View article]
    Here are the two management agreements from the 10Ks:

    RESI:

    "Under the asset management agreement, we pay AAMC quarterly incentive management fees as follows:

    i. 2% of all cash available for distribution by us to our stockholders and to AAMC as incentive management fees, which we refer to as “available cash,” until the aggregate amount per share of available cash for the quarter (based on the average number of shares of our common stock outstanding during the quarter), which we refer to as the “quarterly per share distribution amount,” exceeds $0.161, then
    ii. 15% of all additional available cash for the quarter until the quarterly per share distribution amount exceeds $0.193, then
    iii. 25% of all additional available cash for the quarter until the quarterly per share distribution amount exceeds $0.257, and thereafter
    iv. 50% of all additional available cash for the quarter;"

    SWAY:

    "We pay our Manager a base management fee calculated and payable quarterly in arrears in cash in an amount equal to one-fourth of 1.5% of the daily average of our adjusted market capitalization for the preceding quarter."

    SWAY's management agreement certainly seems simpler (and hopefully more fair as well). Just for reference, SWAY paid management fees of $16.1 million last year on a $2.9B portfolio, whereas REFI paid AAMC $67.9 million in management incentive on $2.7B in assets.

    So I guess I answered my own question and will lean towards SWAY, pardon the pun, but still appreciate any additional color you can provide.
    Mar 26, 2015. 07:45 PM | Likes Like |Link to Comment
  • Starwood Waypoint: 64% Upside, Low Downside [View article]
    Nice article, I read it a while back but haven't commented until just now after I re-read it. I was wondering if they pay just a straight 1.5% fee to the management company or are there additional performance incentives?

    In looking for a residential REIT I was tempted by RESI's higher yield, but I've heard AAMC might be siphoning off most of their profits with a lopsided management contract (which is 2% with sliding scale bonuses that go up to 15, 25, and even 50% if certain CAD benchmarks are reached), just wanted to make sure SWAY didn't have anything similar.
    Mar 26, 2015. 07:20 PM | Likes Like |Link to Comment
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