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Neoclassical Economist  

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  • 5 REITs And REIT-Related Equities With Outstanding Dividend Yields [View article]
    I'm not sure what this article brings to the readers. Anyone can go to a stock screener and find high-yield stocks, so what?
    Feb 3, 2012. 01:38 PM | 2 Likes Like |Link to Comment
  • The Threat Of Structural Unemployment [View article]
    Greg, you are correct that the BLS unemployment rate does not include the underemployed or the people that have simply given up looking and are excluded from the labor force. But those are the official stats we have to work with.
    Jan 6, 2012. 07:32 PM | Likes Like |Link to Comment
  • Review Of Gold's Economic Fundamentals In Q3 [View article]
    drbuilder, you are forgetting that supply of gold is quite elastic and would be easily reduced if price goes down. Also, investment demand is still going up especially as the euro is eroding.
    Dec 14, 2011. 02:01 PM | Likes Like |Link to Comment
  • The Meteoric Drop Of Invesco's Book Value [View article]
    Thanks ddeaninaz. I had expected the dividend to drop, but going from $0.97 to $0.65 in 6 months is just not acceptable. IVR is in trouble and I don't trust the management anymore. Book value will continue to go down and the stock should be at $12 or less right now.
    Dec 9, 2011. 04:19 PM | Likes Like |Link to Comment
  • 7 High Quality Stocks For The Long-Term Investor [View article]
    Good stuff, Sean. Blue chips are a must for any long-term portfolio. CAT is especially interesting.
    Dec 9, 2011. 04:03 PM | 1 Like Like |Link to Comment
  • The Meteoric Drop Of Invesco's Book Value [View article]
    Actually I'm not predicting that the swaps will go down more in value, since I cannot predict interest rates. I'm stating that the swaps HAVE gone down in value dramatically, which has crushed the book value so far. This is the main reason why Invesco has underperformed its peers as I showed in the 6-month chart - its peers did not hedge nearly as much and thus their book values are relatively intact.
    Nov 30, 2011. 11:18 PM | Likes Like |Link to Comment
  • 5 Undervalued REITs Going Straight Up [View article]
    Lots of REITs are externally managed and they are doing fine. CWH is not constantly diluting shareholders - they only had one public offering for all of 2011. Whether the pricing of the offering is below book value or not, that's up to the market not up to the management.
    Nov 28, 2011. 12:12 PM | Likes Like |Link to Comment
  • 5 Undervalued REITs Going Straight Up [View article]
    Yes, if you really distrust CWH's management then definitely steer clear of the stock. But the point is that CWH is trading WAY below book value and is undervalued, especially if the office and industrial markets pick up in 2012.

    Also, there is always a specific reason for issuing more shares and the board including major shareholders have to approve it. The last share offering in July was for paying down debt and more acquisitions and I see nothing wrong with that. The offering was priced at $24/share - this is at least where the stock should be now.
    Nov 28, 2011. 12:38 AM | 2 Likes Like |Link to Comment
  • Office REITs Appear Well-Positioned for 2012 [View article]
    Natty, I did not come across any major CWH acquisitions in 2011. But either way I completely agree with you - at this price it is a BUY. Besides the hefty divvy, I believe price to book value is now less than 0.50. The question now is not if but when to jump in.
    Nov 21, 2011. 07:55 PM | Likes Like |Link to Comment
  • The Meteoric Drop Of Invesco's Book Value [View article]
    "The hedges the company has in place have suffered in nominal value during the past two months but should recover valuation going forward"

    How do you know that the hedges will go up in value? Predicting interest rates is a dangerous business and IVR is paying the price for it. Book value is an extremely important indicator for mREITs.
    Nov 9, 2011. 01:27 PM | Likes Like |Link to Comment
  • Time Frame Of Google And Motorola Mobility's Merger Is Uncertain [View article]
    Great piece, thanks for the research on this.
    Nov 7, 2011. 06:21 PM | Likes Like |Link to Comment
  • Invesco Mortgage Capital's Quarterly Results And Recent Secondaries Underscore Importance Of Per-Share Comparisons For mREITs [View article]
    The decline in Invesco's book value has almost nothing to do with the secondary offerings. It was mainly a result of the swap value decline and the cost of the $4 billion swap purchased in Q2 and paid for in Q3, which was also explained by the CFO in their earnings webcast. Same thing happened last quarter.
    Nov 3, 2011. 11:32 PM | 1 Like Like |Link to Comment
  • Top 10 Most Shorted Shipping Stocks [View article]
    HerrHansa, what you are probably seeing is the short interest as a percentage of the float. My numbers are based on the total shares outstanding, since I find that data on float is difficult to verify and even obtain.
    Nov 3, 2011. 04:37 PM | 1 Like Like |Link to Comment
  • Top 10 Most Shorted Shipping Stocks [View article]
    Per the Nasdaq, "firms are required to report their short positions as of settlement on the 15th of each month. A compilation is published eight business days after." The latest publication date is 10/14/11. Where did you see this supposed "real time figures"?
    Nov 2, 2011. 06:22 PM | 1 Like Like |Link to Comment
  • Find Upside In These Dental Appliance Makers [View article]
    Thanks Mr. Gorban. It did not come easy :)
    Nov 1, 2011. 01:58 AM | 1 Like Like |Link to Comment
COMMENTS STATS
49 Comments
27 Likes