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Mike the PhD

 
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  • IDCC: A Controversial Stock Not Worth The Risk [View article]
    Thank for the comment. I agree IDCC is making changes. I just think they could be doing much more for investors. They should implement a much more substantial regular divdident to start.
    Jul 23, 2013. 04:04 PM | Likes Like |Link to Comment
  • Kinder Morgan Energy Vs. Kinder Morgan: Which High-Yield Stock Is The Better Deal? [View article]
    I'm saying its an oversight that is immaterial to the article (though obviously anyone who knows anything about finance understands the difference). LINE/LNCO are not the subject of the article and indeed they aren't even listed as related tickers in the article.
    Jul 23, 2013. 09:28 AM | Likes Like |Link to Comment
  • Kinder Morgan Energy Vs. Kinder Morgan: Which High-Yield Stock Is The Better Deal? [View article]
    Almost no one would use a discount rate of 15% in a PV calculation. Discount rates are supposed to reflect risk adjusted opportunity costs, and 15% is way too high given current yield levels. Further you aren't accounting for the terminal value of assets at all.
    Jul 22, 2013. 01:48 PM | 1 Like Like |Link to Comment
  • Kinder Morgan Energy Vs. Kinder Morgan: Which High-Yield Stock Is The Better Deal? [View article]
    KMR is certainly another way to go. I didn't mention it here only because SA will only allow me to have two focus stocks in a given article. Thanks for adding to the discussion though.
    Jul 22, 2013. 12:17 PM | 2 Likes Like |Link to Comment
  • Kinder Morgan Energy Vs. Kinder Morgan: Which High-Yield Stock Is The Better Deal? [View article]
    Touche - that said the same general choice still confronts investors here - invest in a holding company or the company itself.
    Jul 22, 2013. 12:15 PM | Likes Like |Link to Comment
  • After hanging in there early, municipal bond prices (MUB -0.7%), (HYD -1.5%) tumble in wake of the Detroit Chapter 9 filing (this as Treasury yields fell). "If you are a market-maker today, you have to be cautious because you don't know what the market impact is going to be," says Matt Fabian of Municipal Market Advsiors. Michigan bond funds: Eaton Vance Michigan Muni closed-end fund (MIW -0.8%), BlackRock MuniYield Michigan (MIY -1.3%), Nuveen Michigan Quality (NUM -0.7%). [View news story]
    For those who are interested, I wrote about Detroit and the distress in the muni markets earlier this year in my article here:

    http://seekingalpha.co...

    I have written several other articles on muni's since that time. Follow me here on SA for more in the future.
    Jul 19, 2013. 04:06 PM | Likes Like |Link to Comment
  • Undervalued Giant Paying Big Yields And Benefiting From Rising Rates [View article]
    Everyone is entitled to their own opinion of course, but bear in mind just looking at GE's total liabilities is pretty deceptive because the firm essentially has a large bank built into it as well, and bank balence sheets always look completely different than those of other firms (deposits are liabilities, financial investments can show up in weird places, etc).
    Jul 16, 2013. 09:23 AM | 2 Likes Like |Link to Comment
  • Watts Water Tech: A Small-Cap Growth Play On Big Trends [View article]
    I think that its very likely the firm's future growth will exceed historical growth. Let's face it, the economy hasn't exactly been robust for the last few years and Europe has been a considerable headwind for the company. I expect both of these issues will be resolved going forward and that for the forseeable future the company should be able to grow rapidly. Further with margin improvements and cost cuts, the firm should become even more profitable and the growth even more valuable as time goes on.
    Jul 13, 2013. 11:35 AM | Likes Like |Link to Comment
  • Possible Returns Of Over 25% By Investing In This Undervalued Beverage Buyout Play [View article]
    Thanks for pointing this out. I made a mistake in reading the options table, but the 30%+ returns still stand based on valuation of DPS vs. peer's KO and PEP. The options error has no impact on my view of the undervaluation of DPS or the potential returns to the stock over the next 12 months.

    A correction has been made to the article to fix the error and remove the options section.
    Jul 12, 2013. 03:46 PM | Likes Like |Link to Comment
  • PSF: Yielding 8.25% And Trading Below Book Value [View article]
    It depends on your home countries taxes of course, but in general US investments are more appealing than those of most other countries right now in my opinion. I would start by looking up PSF + Cohen and Steers (the company that runs the fund) on google to get more information.
    Jul 10, 2013. 07:00 PM | 1 Like Like |Link to Comment
  • PSF: Yielding 8.25% And Trading Below Book Value [View article]
    EFT has an average portfolio duration of 0.24. They will be fine. The market has way oversold them for no reason.
    Jul 9, 2013. 07:23 PM | Likes Like |Link to Comment
  • PSF: Yielding 8.25% And Trading Below Book Value [View article]
    I like muni's and I think they offer an attractive opportunity here. I have written several articles about them including one about 3 weeks ago. That said, you might be interested in PSF vs. EVN for at least 3 reasons:

    1.) Diversification
    2.) EVN has a duration of more than 20 which led to a 19% fall in NAV over the past month or so
    3.) EVN doesn't appear, at least based on my cursory investigation, to be AMT-free making the tax advantage of little value for most high income investors.
    Jul 9, 2013. 07:22 PM | 1 Like Like |Link to Comment
  • PSF: Yielding 8.25% And Trading Below Book Value [View article]
    If you read the annual report they discuss their holdings in some depth.
    Jul 9, 2013. 04:01 PM | Likes Like |Link to Comment
  • PSF: Yielding 8.25% And Trading Below Book Value [View article]
    I think it is probably a result of institutional investors getting out of the asset class. If you read through the annual report, its clear the company should do better as rates rise, but so far the exit of money from the space has just been pushing the shares down.
    Jul 9, 2013. 02:21 PM | Likes Like |Link to Comment
  • Yields Of 6% To 16%: Markets Freak Out But Patient Investors Can Benefit [View article]
    Just make sure you are prepared to wait a few years potentially. This situation is unlikely to dramatically change in a few weeks or even months.
    Jul 9, 2013. 09:57 AM | Likes Like |Link to Comment
COMMENTS STATS
128 Comments
144 Likes