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Joe Eqcome

 
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  • CEF Weekly Review: Gabelli Convertible & Income Fund [View article]
    Sting71

    Yes, you can invested in anything you would like too. I've been wrong on this security's distributions, but not wrong on the share price.

    You might wanted to think as a 46% premium that is a "long way" from the HiYldBndFnds that yield a discount -2.5%.

    Just food for thought?

    Joe Eqcome
    Jul 8, 2013. 06:03 PM | Likes Like |Link to Comment
  • CEF Weekly Review: Gabelli Convertible & Income Fund [View article]
    Sting71

    They haven't reduced the distribution.

    The premium is 46.1% of the assets value (NAV). Would you have a stock that was laboring of 46% of your cost?

    Maybe, yes, if its Bill Gross.

    Joe Eqcome
    Jul 8, 2013. 12:54 PM | Likes Like |Link to Comment
  • CEF Weekly Review: Cornerstone Progressive Return Fund [View article]
    ReaperLynx

    CFP is suspending its Rights Offering until further notice due to the Fund's net asset value having declined more than 10% from $4.74 on May 17, 2013 (the effective date of the Fund's registration statement) to $4.24 on June 21, 2013. All subscriptions and payments received by the Fund will be returned to subscribing shareholders.

    (12:42p ET June 24, 2013 (Market Wire))

    Joe Eqcome
    Jun 24, 2013. 01:12 PM | Likes Like |Link to Comment
  • CEF Weekly Review: 'Junk' Bonds Debacle For CEF [View article]
    Alan Young,

    There may be a panic of REITs and well as junk bonds. The issues is that inflations is also a function of rental income and it is not a of junk bonds.

    The impact of junk bonds to NAV is the lower of negative PrcNAVSprds to REITs. That is the reason I've focused on HiYldBndFnds.

    Joe Eqcome
    Jun 2, 2013. 08:42 PM | 1 Like Like |Link to Comment
  • CEF Weekly Review: Aberdeen Indonesia Fund [View article]
    John Love Pousse,

    If you would elaborate on "worst advice ever", then we can have an argument about what you see going on in the debt markets.

    It seems to me the bond markets are have a yield increase over the week: 2.01% on 10 Yrs versus 1.949%; 3.92% on 30 year mortgages vs 3.76%.

    It just seems to me that your "worst advice" is not presence with the facts.

    Please give me more.

    Joe Eqcome
    May 28, 2013. 09:52 AM | Likes Like |Link to Comment
  • S&P 500 Risk Matrix Indicator: What Is The Real Equity Risk? [View article]
    Your number is the Top/Down number. My number is the Bottom/Up number.

    http://bit.ly/waHMp7--
    Apr 25, 2013. 01:32 PM | Likes Like |Link to Comment
  • S&P 500 Risk Matrix Indicator: What Is The Real Equity Risk? [View article]
    The S&P earnings for 2012 was $98.83. It was $111.14E for 2013, and $124.73E for 2014--Bottom/Up.

    Base on 2013 earnings it is for the S&P Index 1711.

    Joe Eqcome
    Apr 25, 2013. 11:51 AM | Likes Like |Link to Comment
  • CEF Weekly Review: BlackRock MuniAssets Fund [View article]
    HC

    Maybe in was the Auction-rate cumulative preferred share which was limited to default debt and the muni terms and other issues that was to replace it.

    What's your guess?

    Joe Eqcome
    Mar 18, 2013. 02:10 PM | Likes Like |Link to Comment
  • CEF Weekly Review: H&Q Health Care Investors [View article]
    Erratum:

    Highest Focus Stock for the Week:

    "The yield is 7.7%. Its discount is 6.1% for an average discount of 5.9% for the 52 week period. There was a slew of selling on Wednesday (284,200) and Thursday and Friday (129,500 and 179,000, respectively). Average is 38.6%".

    This should have removed.

    It was the "Lowest Spread and Focus Stock for the Week:"

    Sorry.

    Joe
    Mar 12, 2013. 12:46 PM | Likes Like |Link to Comment
  • CEF Weekly Review: H&Q Health Care Investors [View article]
    pound puppy

    Since ROC is a "return on your capital" is doesn't make any sense for your IRA--for both Roth or normal IRA. You must deducted the return of capital you've receive from your holdings basis (share price less return of capital) to calculate gains.

    However, in real estate the value of the depreciations (upon the net value) may not extinguished your values at time of your holdings. The value of income properties may typical goes up.

    The distributions is usual above net earnings and value may be cash flow beyond the net income.

    For example, the net holding of your properties was $1,000,000 on your net assets 10 years ago. So, you be depreciating it for 25 years and the 10 years that you have been holding was $600,000 on your books (20 years).

    However, the $1,000,000 has been appreciation for 10 years and in reality it is worth $1,250,000. The depreciation deduction would be a great as the property value and the cash flow is net income plus more that the depreciation.

    Joe Eqcome
    Mar 11, 2013. 08:23 PM | Likes Like |Link to Comment
  • CEF Weekly Review: Equity On Top [View article]
    WKirk,

    I have scrolled the new current weekly and the week of 10/28/12 (where I haven't been participating on SeekingAlpha.)

    The returns are for 11 Weekly reports. There has been 7 weeks where the returns are predictive. The weeks were negative for -0.2% and predictive for +0.9%--a net benefit of 1.1%.

    Returns were somewhat predictive of potential positive return--with a twist.

    I'll be reporting it in the upcoming reports.

    Joe Eqcome
    Jan 29, 2013. 01:28 PM | Likes Like |Link to Comment
  • CEF Weekly Review: Equity On Top [View article]
    Wkirk,

    The negative spreads (PrcNAVSprd) is a calculation between the current “PremDisc” against the historical one (the week I'm using is one week) in comparing the positive or negative spreads between the two.

    The positive PrcNAVSprd is an indication that the share price has gone up with the NAV in comparison with the two week average. This may be a negative surprise.

    The negative PrcNAVSprd has gone down as share prices to NAV. This may be a positive surprise. Stocks prices have gone-up as negative sentiment as oppose to positive sentiment from the top 10 percent.

    The difference is that stocks price momentum may be improving and the stock price is anticipating that the NAV may move-up. Or dividend can increase shareholders attention. Also, unreasonable NAV can cloud the picture.

    We feel we have a reasonable hand on the coming and going of the CEFs—but mistaken are made.
    Jan 28, 2013. 12:52 PM | Likes Like |Link to Comment
  • CEF Weekly Review: Templeton Emerging Markets [View article]
    Larry3993,

    EMF has a yield of 2.2% and it has gotten beaten up by EMB over the year. The stock gain for EMF has beaten the EMB for nearly 3 months. EMB has USD emerging market bonds and EMF has equity.

    You might want to get a share of EMB into EMF. The shares are 87% equity.
    Jan 22, 2013. 05:50 PM | Likes Like |Link to Comment
  • CEF Weekly Review: Templeton Emerging Markets [View article]
    whmitch,

    The PCEF was a reasonable investment when I make it a couple of times. While its a nice yield, I'm going to scale out of it now as rates are going up and reducing my position to a sub-nominal rate.

    Please be careful because interest rates are rising when the fed cap comes off.
    Jan 22, 2013. 05:34 PM | Likes Like |Link to Comment
  • CEF Weekly Review: Templeton Emerging Markets [View article]
    JJSky123

    I didn't buy it because of 14.2% and It seemed to be that REITs have had there share of success.
    Jan 22, 2013. 05:24 PM | Likes Like |Link to Comment
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