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Joe Eifrid

 
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  • A 9.8% Yield And Monthly Dividends For Your Retirement Portfolio [View article]
    What I am suggesting is that due to the environment that the mREIT preferreds have found themselves in, with the uncertainties of interest rates, and tax loss selling here at year end when investors may find themselves hard pressed to find losses to offset heavy gains, that a mREIT preferred play may offer a better total return over one year than buying the mREIT common itself sporting a higher current dividend. Looking at risk/reward I think the trade favors the preferreds.
    Dec 29, 2013. 05:27 PM | 1 Like Like |Link to Comment
  • A 9.8% Yield And Monthly Dividends For Your Retirement Portfolio [View article]
    I think with the knee jerk reaction to interest rates rising, along with tax loss selling here at year end, a 10 year treasury at 4% has been more than priced in. Looking at NLY preferreds in April of 2010 when the 10yr hit 4%, NLY-A was yielding about 8%, just a bit lower than it is today. ARR-A yielding 8% would put the PPS $4.75 higher than the PPS is here; even a 9% yield would having ARR-A climbing 9% to $22.91. Just taking the move to a 9% yield plus the dividends for the next year of $2.06 would give you a total return of 18.9%.

    Other mREIT preferreds with yields near 9.5% and above; ARR-B, NYMTP, CYS-B, MITT-A, MITT-B. I don't own any NYMTP, but hold the others plus DX-A.
    http://bit.ly/19UbOtQ
    Dec 29, 2013. 10:08 AM | 5 Likes Like |Link to Comment
  • Potentially Good News For American Capital Agency [View article]
    Mortgage Applications Down 66% From Highs To New 13-Year Low
    http://bit.ly/1eF9QkZ
    Dec 25, 2013. 08:07 PM | Likes Like |Link to Comment
  • Potentially Good News For American Capital Agency [View article]
    "Substantial changes are likely to occur once the Fed completely leaves the MBS market, but for now it is only reducing the monthly purchases from $85 billion to $75 billion worth of mortgages."

    The Fed reduced MBS purchases from $40 bil per month, to $35 bil. Treasuries from $45 bil to $40bil.
    Dec 25, 2013. 02:49 PM | Likes Like |Link to Comment
  • New Orders rise 3.5%, beats expectations [View news story]
    "Congress extended bonus depreciation and more robust Section 179 expensing through year-end 2013 as part of last January’s fiscal cliff deal, and now as the deadline is approaching, small business owners are looking anew at capital purchases. If you’re on the border line of whether you’re going to make some capital asset acquisition this year or next, you might want to accelerate it into this year."
    http://onforb.es/1cvipgt
    Dec 24, 2013. 09:31 AM | 1 Like Like |Link to Comment
  • AmTrust Financial Services: A House Of Cards? [View article]
    Actually should read 1 for 20. PNX stock price has done well since the split, unlike many that continue down the toilet. PNX was selling at 1.50 going into the split, to a split adjusted $30 PPS. Now trading at $54. Nice chart;
    http://bit.ly/1ftWqp1
    Higher interest rates will help PNX out greatly.
    Dec 14, 2013. 01:47 PM | Likes Like |Link to Comment
  • AmTrust Financial Services: A House Of Cards? [View article]
    MHNA, MNHC...Thanks for the ideas. Interesting that PNX's exchange traded debt, PFX, has a lower yield (8.16%) and "junk" rating yet the author sees PNX faced with possible BK.
    Dec 14, 2013. 01:36 PM | Likes Like |Link to Comment
  • Amazon planning to deliver products using drones [View news story]
    I understand that FAA requires commercial air traffic to remain over 500 feet above populated areas.
    Dec 2, 2013. 01:31 PM | Likes Like |Link to Comment
  • Amazon planning to deliver products using drones [View news story]
    Does anyone know how fast these things fly? How long for a round trip 10 miles out?
    Dec 2, 2013. 12:20 PM | Likes Like |Link to Comment
  • Amazon planning to deliver products using drones [View news story]
    Wind...whatever...the main issue is that they will be economically infeasible. Think about how many round way trips one of these could make a day with "refueling", maintenance, etc. as compared to loading up a Fed-ex truck with several hundred packages that can be delivered that day. That, and that they are just not reliable when it comes to weather concerns. AMZN would have to have a more traditional back up in such cases. These units would also have to maneuver around over head telephone, cable lines, as well as not setting the unit down on a pile of dog crap. I think we can forget most multi-family housing for deliveries too.

    I also wonder how AMZN expects to get their cute little plastic containers back.

    This drone hype is a brilliant PR stunt for AMZN to get it's name out front on cyber Monday. Whoever came up with the idea should be justly compensated.
    Dec 2, 2013. 08:08 AM | 1 Like Like |Link to Comment
  • Ackman takes big stakes in the GSEs [View news story]
    "My money is on the greedy forces of congress. "

    You mean as in caving due to the contributions to their campaigns from the hedge funds?
    Nov 15, 2013. 09:29 AM | 2 Likes Like |Link to Comment
  • Best Way To Trade The GSEs [View article]
    Fairholme Capital proposal
    http://bit.ly/19mQ3hd
    Nov 14, 2013. 08:51 AM | Likes Like |Link to Comment
  • Fairholme proposes $52B recap for GSEs: WSJ [View news story]
    Interesting read from Fairholme Capital
    http://bit.ly/19mQ3hd
    Nov 14, 2013. 08:11 AM | Likes Like |Link to Comment
  • Fairholme proposes $52B recap for GSEs: WSJ [View news story]
    Pssst....The outline...
    http://on.ft.com/1aFsjoQ
    Nov 13, 2013. 09:10 PM | Likes Like |Link to Comment
  • Fannie Mae earns $8.7B in Q3 [View news story]
    "I don't understand why I have to pay for the bad company in which you may own stock."

    I don't think we should either. But, I think all the shareholders want is a plan in place where they can exit conservatorship, pay back the US Treasury under reasonable terms, and start to be able to rebuild capital again. By March 31st of next year the government will have received back in net terms everything they lent out, and then some. There should be a fair return given for the use of the funds, but everything after that should go to the shareholders.
    Nov 9, 2013. 12:19 PM | Likes Like |Link to Comment
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