Microsoft Is Too Expensive For This Moment In Time [View article]
Thank you ARG1, but...
It's difficult when you put your name on the line with each effort. It is especially hard to do so when you make a sell recommendation against an overwhelming long bias in the widely held stock. Please respect a person's willingness to give an unbiased perspective about a stock so that this type of information continues to reach investors. I took the same kind of heat when I was warning about bankruptcies in the real estate finance sector when stocks like Washington Mutual and Indymac were trading in double digits.
Also, in the future, please keep comments relegated to the subject matter. Now I am forced to respond to another subject that readers here may not have interest in.
My Performance as a Sr. Equity Analyst: 23% Ave. Annual over 5 Years on Strong Buys 26% Last 3 Years
Microsoft Is Too Expensive For This Moment In Time [View article]
There's a lot of debate as to how long it might take to play out, and the longer it takes to play out, the better chance MSFT has to respond effectively. You can bet they won't stand idle anyway, not at this point with the knife to their necks.
Microsoft Is Too Expensive For This Moment In Time [View article]
Great statement. I might have to borrow that in the future.
It does not apply here though. There's been disruption to the industry. Bread is thousands of years old and certainly has staying power. Saying the same for Microsoft is highly presumptuous, despite its dominance of the last few decades.
Is This Security A Safe Haven? Absolutely Not [View article]
And allow me to give our readers another opportunity to see the article being discussed here, "Is this Security a Safe Haven?" http://seekingalpha.co...
And reiterating, I've come to see that NLY is a safe haven today for the reasons noted. There are no forever assets, save perhaps real estate and gold.
Is This Security A Safe Haven? Absolutely Not [View article]
One more thing. "Safe Haven" is a relative term. This is an important note, because with it you can understand the systemic risk argument. The risk you are speaking of is operational risk, and not relevant, considering that it has been noted in the article and in other articles.
Is This Security A Safe Haven? Absolutely Not [View article]
RS, Thank you for your interest in the piece. You'll note that the article was titled as a question, and was intended to spur this sort of discussion. I appreciate your passion about this.
I have been interested in the mREITs because of their appeal to seniors, who I want to protect along with all investors first and foremost. The fact is, I also authored this article a while back, "Are Annaly Capital & mREITs Right for Seniors" in a 2 part series (part 1 is linked here). I also authored several other sale argument articles about these securities, and within this very article you're writing about, I talked about risk. http://seekingalpha.co...
I too was concerned about the risk in these shares, but the fact is that as long as the underlying dynamics of the securities these shares own is not affected during broader market downturn, these stocks will continue to draw capital... That draw of capital investment, is in and of itself a factor and an insulation against value destruction.
In previous articles I discussed the risk in the underlying operations. What I have noted though is that these shares have great support from the financial adviser community and investors, and as capital flows have flooded into equities, they have benefited further. Also, they have a beta coefficient that shows lack of sensitivity to market turns. Those are safe haven characteristics and should be discussed.
While all securities carry risk (and I stated this is not a risk-free asset), some will have less systemic risk than others. I think that's what you're missing and what this article was about. Down the road, where I see fiat currency coming under great pressure and inflation prevailing, these securities will not be safe havens. However, a lot has to happen between that point and today, and you can bet that when that happens (and up until it), I'll be letting the investment community know about it as always.
But yes, NLY is a safe haven security today against systemic risk, because it has capital support and has proven to be uncorrelated to market movements that reflect broader economic issues. And yes, as Cramer indicates, it has a better focus regarding credit risk, though is not risk free, obviously, because we would have a risk free rate here if so, not a double-digit yield. When this is no longer the case, you and all you reading seniors, can expect I'll be vocal about it and help you move capital. As we stand today, I continue to suggest gold as my favorite investment, along with real estate. And we sprinkle in stock ideas when we see them, like Best Buy when nobody liked it; like J.C. Penney when nobody loved it (and we hated it when everybody loved it and its new flashy CEO and his "brilliant" plans)... etc. etc. We've been an important voice about Apple and other issues as well, and we'll continue to present those special opportunities in this capital perverted current market. Best, MK
Microsoft Is Too Expensive For This Moment In Time [View article]
Microsoft Is Too Expensive For This Moment In Time [View article]
It's difficult when you put your name on the line with each effort. It is especially hard to do so when you make a sell recommendation against an overwhelming long bias in the widely held stock. Please respect a person's willingness to give an unbiased perspective about a stock so that this type of information continues to reach investors. I took the same kind of heat when I was warning about bankruptcies in the real estate finance sector when stocks like Washington Mutual and Indymac were trading in double digits.
Also, in the future, please keep comments relegated to the subject matter. Now I am forced to respond to another subject that readers here may not have interest in.
My Performance as a Sr. Equity Analyst:
23% Ave. Annual over 5 Years on Strong Buys
26% Last 3 Years
GE Article:
http://seekingalpha.co...
Forecasted 5-6% upside for GE including dividend, which I said was not enough for me.
Began working on GE article when stock was near $23. Dropped a dollar on day submitted and published. Today it is less than $23.
Try to keep it clean please. Some of us still have feelings.
Microsoft Is Too Expensive For This Moment In Time [View article]
Market share refers to Internet usage, shifting from PC to mobile
Microsoft Is Too Expensive For This Moment In Time [View article]
Microsoft Is Too Expensive For This Moment In Time [View article]
Microsoft Is Too Expensive For This Moment In Time [View article]
It does not apply here though. There's been disruption to the industry. Bread is thousands of years old and certainly has staying power. Saying the same for Microsoft is highly presumptuous, despite its dominance of the last few decades.
Microsoft Is Too Expensive For This Moment In Time [View article]
The reason the comparison is the last two years is because:
1) MSFT has not yet effectively met the mobile challenge yet and market share is bleeding out of the PC
2) The global economy is deteriorating
Thus, the last two years are very relevant.
Facebook Must Monetize Before Membership Growth Becomes An Issue [View article]
Facebook Must Monetize Before Membership Growth Becomes An Issue [View article]
Microsoft Is Too Expensive For This Moment In Time [View article]
Microsoft Is Too Expensive For This Moment In Time [View article]
Microsoft Is Too Expensive For This Moment In Time [View article]
Is This Security A Safe Haven? Absolutely Not [View article]
And reiterating, I've come to see that NLY is a safe haven today for the reasons noted. There are no forever assets, save perhaps real estate and gold.
Is This Security A Safe Haven? Absolutely Not [View article]
Is This Security A Safe Haven? Absolutely Not [View article]
Thank you for your interest in the piece. You'll note that the article was titled as a question, and was intended to spur this sort of discussion. I appreciate your passion about this.
I have been interested in the mREITs because of their appeal to seniors, who I want to protect along with all investors first and foremost. The fact is, I also authored this article a while back, "Are Annaly Capital & mREITs Right for Seniors" in a 2 part series (part 1 is linked here). I also authored several other sale argument articles about these securities, and within this very article you're writing about, I talked about risk. http://seekingalpha.co...
I too was concerned about the risk in these shares, but the fact is that as long as the underlying dynamics of the securities these shares own is not affected during broader market downturn, these stocks will continue to draw capital... That draw of capital investment, is in and of itself a factor and an insulation against value destruction.
In previous articles I discussed the risk in the underlying operations. What I have noted though is that these shares have great support from the financial adviser community and investors, and as capital flows have flooded into equities, they have benefited further. Also, they have a beta coefficient that shows lack of sensitivity to market turns. Those are safe haven characteristics and should be discussed.
While all securities carry risk (and I stated this is not a risk-free asset), some will have less systemic risk than others. I think that's what you're missing and what this article was about. Down the road, where I see fiat currency coming under great pressure and inflation prevailing, these securities will not be safe havens. However, a lot has to happen between that point and today, and you can bet that when that happens (and up until it), I'll be letting the investment community know about it as always.
But yes, NLY is a safe haven security today against systemic risk, because it has capital support and has proven to be uncorrelated to market movements that reflect broader economic issues. And yes, as Cramer indicates, it has a better focus regarding credit risk, though is not risk free, obviously, because we would have a risk free rate here if so, not a double-digit yield. When this is no longer the case, you and all you reading seniors, can expect I'll be vocal about it and help you move capital. As we stand today, I continue to suggest gold as my favorite investment, along with real estate. And we sprinkle in stock ideas when we see them, like Best Buy when nobody liked it; like J.C. Penney when nobody loved it (and we hated it when everybody loved it and its new flashy CEO and his "brilliant" plans)... etc. etc. We've been an important voice about Apple and other issues as well, and we'll continue to present those special opportunities in this capital perverted current market.
Best,
MK