Seeking Alpha

Morgan Myrmo

 
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  • The Fed Should Raise Rates Now; However, It Won't
    Thu, Sep. 11 10 Comments

    Summary

    • All eyes are on the next FOMC meeting, which takes place September 16-17, 2014, regarding the future state of monetary policy.
    • Based on the traditional Fed mandate, the Federal Open Market Committee should raise rates now to stave off inflation and promote a strong dollar policy.
    • Using previous guidance, the Fed will not raise rates at the next FOMC meeting as markets would be spooked; however, forward guidance may suggest an earlier-than-expected rate hike.
  • Realty Income Appears Undervalued
    Mon, Sep. 8 O 34 Comments

    Summary

    • Once an investor determines his asset allocation, it is essential to pick great funds and/or individual stocks to create a low risk, balanced portfolio.
    • When it comes to real estate investment trusts (REITs), investors achieve property ownership alongside high income associated with the particular REIT's profitability.
    • Realty Income Corporation is a domestic REIT that offers long-term dividend growth with a forward yield of 4.84%.
    • When measuring Realty Income's FFO yield versus the 10-Year U.S. Treasury Bond yield, the stock appears undervalued in terms of short-term normal company pricing.
  • Realty Income Price Swings: Too Risky To Buy Now?
    Fri, Sep. 5 O 44 Comments

    Summary

    • Realty Income Corporation is a stable company that has experienced severe price swings since the beginning of 2013.
    • Another author has suggested that the current valuation may not present a good risk-adjusted purchase.
    • Based on investing 101 guidelines, a new solution is presented to give investors a lower-risk entry point into the stock.
  • American Realty Capital: Setting The Record Straight
    Sun, Aug. 24 ARCP 69 Comments

    Summary

    • ARCP is a real estate investment trust that has gained heavy coverage over the past 12 months due to a high dividend and rapid short-term company growth through major acquisitions.
    • Recently, investors have been given false information regarding ARCP's valuation, although this is not the intention of other writers, let's allow the facts to speak for themselves.
    • Versus top peers and REITs in general, the current ARCP valuation is so compelling that U.S. investors should consider the company for further research.
  • $1 Million Perpetual Income Fund: Q2 Update
    Thu, Aug. 7 AAPL, COP, ESV 16 Comments

    Summary

    • The REVCO Growth & Income Fund is a hypothetical portfolio that was created in March 2014 with $1 million to showcase implementation of the 4% plan.
    • A comprehensive mid-year update reflecting the REVCO fund performance through Q2 2014 measured against the S&P 500.
    • Macro analysis of the fund strategy with performance-related evidence regarding domestic and global macro trends, specifically investing alongside the theme of "currency risk.".
    • 2014 Investor Outlook.
  • Forget Fleckenstein And 'Bearology,' Buy Stocks Now
    Thu, Mar. 27 SPY, SH, SSO 28 Comments

    Summary

    • In all up markets there are both eternal optimists as well as popular pundits who shout for doom and gloom.
    • Look to arguments for downside risk that use logic, rather than negative buzzwords and blanket sell-side statements that are poorly constructed.
    • Stay bullish on stocks due to investor sentiment, valuation and the state of the political economy.
  • Biotech Sell-Off Brings Value To U.S. Healthcare Stocks
    Tue, Mar. 25 XBI 37 Comments

    Summary

    • Biotech stocks have been under heavy pressure over two trading days due to U.S. lawmakers raising concerns regarding Gilead Sciences' pricing of its new Hepatitis C drug, Sovaldi.
    • Broad-based healthcare stocks and funds have been hit, which can be seen as "throwing the baby out with the bathwater."
    • Long-term growth investors should look at this pullback as an opportunity to buy into the ex-biotech domestic healthcare sector, as secular growth remains intact.
  • Whale Watching: Possible Huge Interest In Select U.S. REITs
    Mon, Mar. 24 NLY, O, ARCP 27 Comments

    Summary

    • U.S. real estate investment trusts (REITs) were poor performers in 2013 due to the "rising rates" macro theme that emerged in late-May.
    • The new 2014 macro theme of "currency risk" is now pushing interest rates down and supporting the uptick of domestic and IR-sensitive high-yield stocks, specifically U.S. REITs.
    • In comparing the trading volume on select U.S. REITs on 3/21/14 versus the average volume, one may suggest that whales have begun to feed on undervalued names in the sector.
  • Drive-Thru Dividend Growth Investing: Yay Or Nay?
    Fri, Mar. 21 BKW, JACK, KKD 36 Comments

    Summary

    • Drive-thru restaurants have thrived in the U.S. since first coming to fruition over 60 years ago.
    • Income investors should look at drive-thru restaurant chains for long-term dividend growth options.
    • When investing in industries that you support financially, it often pays to invest in companies you find best-of-class as voted by your personal pocketbook, however, not always.
    • As a consumer, I can relate to 14 drive-thru options, of which half are public companies.
    • The best-of-breed drive-thru that I want to own is Starbucks Corporation, however, the valuation is a bit pricey today for income investors.
  • 'Fedspeak' Puts 2 High-Yield REITs On Sale Now
    Thu, Mar. 20 MPW, VNQ, ARCP 36 Comments

    Summary

    • On Wednesday March 19, Fed Chair Janet Yellen instates a second round of tapering, to the tune of $10 billion per month.
    • The ensuing spike in the 10-year U.S. treasury bond may be a temporary phenomenon, as currency risk may prove to be the 2014 macro theme.
    • The yield spike in the 10-year caused a drop in U.S. REIT prices across the board.
    • Leading U.S. net-lease REIT ARCP now has a forward yield of over 7% in addition to huge growth prospects.
    • The U.S. healthcare REIT MPW, a small-cap hospital pure-play with a forward yield of 6.7%, offers compelling upside from current pricing.
  • The $1 Million Perpetual Income Portfolio: ETF Edition
    Editors' Pick • Fri, Mar. 14 AMLP, BIZD, CORP 66 Comments

    Summary

    • The 4% plan showcases a portfolio asset allocation strategy designed for income investors to provide stable, growing income distributions.
    • The 4% plan incorporated as a new, $1 million perpetual income portfolio that only uses ETFs in an effort to mitigate risk.
    • Review of the investment targets, allocations and equity portfolio allocations.
    • The future trading strategy of the fund designed to ensure both stable, growing distributions and long-term capital appreciation.
  • Introducing The Earnings Yield Growth Root
    Mon, Mar. 10 MO 11 Comments

    Summary

    • The widely-used P/E ratio is a limited stock valuation tool.
    • The best stock valuation tool is the earnings yield, which has more functionality than the tired price-to-earnings ratio.
    • The PEG ratio is an attempt to value stocks while accounting for short-term growth, however it too has a limited use.
    • The Earnings Yield Growth Root is a new metric that offers a solution to better grade company valuations while accounting for both earnings and growth.
  • Buy Freedom, Not China
    Thu, Mar. 6 EFA, ENZL, EWA 21 Comments

    Summary

    • The Index of Economic Freedom provides a country-by-country ranking system regarding the freedom of the individual.
    • Investing in countries with higher degrees of freedom are advised as these societies are more likely to prosper.
    • Countries with a low ranking, such as china, should be avoided to mitigate risk, increase returns and support collective human freedom.
  • The Utility And Infrastructure CEF Report: 6%+ Yields And Deep Value
    Wed, Mar. 5 BUI, DPG, ERH 25 Comments
  • 2 High-Yield REITs With Heavy Upside Potential
    Wed, Mar. 5 HCP, ARCP 7 Comments
  • The $1 Million Perpetual Income Portfolio
    Editors' Pick • Wed, Mar. 5 AAPL, ARCP, BGR 261 Comments
  • The 4% Plan: March 2014 Allocation Update
    Fri, Feb. 28 ARCP, BGR, BP 31 Comments
  • Kayne Anderson: The Best MLP Fund To Buy Now
    Tue, Feb. 25 KYN 38 Comments
  • It's Time To Bait The REIT Hook
    Thu, Feb. 6 VNQ 12 Comments
  • Currency Risk To Push U.S. And European Stocks Higher
    Sun, Feb. 2 EWG, EWL, EWU 9 Comments
  • 5 Beat-Up, Solid Dividend Growth Stocks
    Fri, Jan. 31 AAPL, COP, KO 36 Comments
  • How Obama's 'MyRA' Plan Will Impact The U.S. Economy
    Thu, Jan. 30 PLW, GOVT, TRSY 290 Comments
  • 2 High-Quality REIT Arbitrage Plays
    Wed, Jan. 29 ARCP 26 Comments
  • Bill Gross Picks For Barron's Roundtable 2014
    Tue, Jan. 28 HYS, PML, UTF Comment!
  • Correction Fears Are Overblown: Buy The Dip
    Sun, Jan. 26 SPY, QQQ, SH 50 Comments
  • The Ultimate PIMCO High-Yield Bond Portfolio
    Tue, Jan. 14 PCI, PDI, PTY 33 Comments
  • Why Instagram Is Facebook's Ticket To The Moon
    Mon, Jan. 13 FB 82 Comments
  • Analysts Are Not Always Right: Buy These 2 Stocks Now
    Thu, Jan. 9 AAPL, AMZN, PM 41 Comments
  • Interview With Lauralee Martin, CEO Of HCP, Inc.
    Wed, Jan. 8 HCP 28 Comments
  • 2014 Income Investing In The Fast Lane
    Thu, Jan. 2 XLY 6 Comments
  • 3 High-Yield Income Investments On Sale Now
    Dec. 31, 2013 BGR, GLNG, LNG 27 Comments
  • 5 High-Yield Monthly Income Investments For 2014
    Dec. 27, 2013 ARCP, COLE, LDP 79 Comments