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PlanMaestro

 
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  • Gramercy Capital: Loose Ends [View article]
    While they have large NOLs, so they do not have to pay a dividend, they can reinvest the capital they already have at very high ROIs, as most of their peers are showing. At the moment they reestablish the dividend they can raise capital at much higher prices, as NCT, and others, demonstrated beginning of this year.
    Jul 8, 2011. 10:11 AM | Likes Like |Link to Comment
  • Gramercy Capital: Loose Ends [View article]
    The last time I checked, it was a expensive compared to some of its peers. Very little FCF to support the high book value they are claiming especially when vacancy rates on the owned real estate is closing on the national averages.
    Jun 28, 2011. 10:29 AM | Likes Like |Link to Comment
  • Gramercy Capital: Loose Ends [View article]
    You meand the reestablishment of the common dividends? You might want to check part 2 for more details of what I think of NCT

    variantperceptions.wor.../
    Jun 28, 2011. 10:27 AM | Likes Like |Link to Comment
  • Gramercy Capital: Loose Ends [View article]
    Well, the did not post two of the four part. Here is the whole series:

    Part 1: a Graham stock wrapped in a mistery
    variantperceptions.wor.../
    Part 2: the mistery
    variantperceptions.wor.../
    Part 3: management team
    variantperceptions.wor.../
    Part 4: loose ends
    variantperceptions.wor.../
    Jun 28, 2011. 10:25 AM | Likes Like |Link to Comment
  • Gramercy Capital: A Graham Stock Wrapped in a Mystery [View article]
    Part 3
    variantperceptions.wor.../
    Part 4
    variantperceptions.wor.../
    Jun 23, 2011. 02:21 PM | Likes Like |Link to Comment
  • Gramercy Capital: A Graham Stock Wrapped in a Mystery [View article]
    SL Green sale + CDO 2006 distributions + distribution from Realty agreed in March 2010 extension - pref buybacks - SG&A - payment March 2011 extension
    Jun 13, 2011. 09:22 AM | Likes Like |Link to Comment
  • Gramercy Capital: A Graham Stock Wrapped in a Mystery [View article]
    I do not know why SA did not publish part 2. Here it is for the ones that are interested with part 3 and probably 4 coming.

    variantperceptions.wor.../
    Jun 8, 2011. 05:09 PM | Likes Like |Link to Comment
  • Why You Should Avoid These 5 Banks [View article]
    I do not know what is Glen trying to do with this (...). I do not even know what to call it. It is not research or substantiated opinion. Noise maybe?

    He used to be a smart guy and know his circle of competence. Then he got into AHR, DJSP, CCME, macro opinions, ... and we lost him.

    Glen, this is an intervention.
    Jun 7, 2011. 06:21 PM | 1 Like Like |Link to Comment
  • Gramercy Capital: A Graham Stock Wrapped in a Mystery [View article]
    Todd, I mean that Gramercy is a REIT so it will eventually pay its FCF in dividends.

    First, they will have to restore the preferred equity dividends and that should be of some help. The common equity dividend will take some time, because of the large NOLs, but it is not going to be forever.
    Jun 2, 2011. 12:03 AM | Likes Like |Link to Comment
  • Gramercy Capital: A Graham Stock Wrapped in a Mystery [View article]
    You need to dive into the supplemental package and notes to financial statements. More details in part three.
    May 31, 2011. 10:42 PM | Likes Like |Link to Comment
  • Gramercy Capital: A Graham Stock Wrapped in a Mystery [View article]
    1. End of negotiations dee-in-lieu foreclosure
    2. Possible CDO bond repurchase
    3. Publishing delinquent 10-K and 10-Q
    4. Possible reestablishment of preferreds dividend
    May 31, 2011. 03:19 PM | Likes Like |Link to Comment
  • The Washington Post: Buffett's Next Target? [View article]
    Great Response!

    Looks like a great opportunity and loved the analysis. At the same time, Buffett avoids frictional businesses like Kaplan. He has avoided Life and Health insurance for that same reason. Anyway, great idea.
    Mar 3, 2011. 03:49 PM | Likes Like |Link to Comment
  • Newcastle Investment: A Cheap Stock Ahead of Earnings [View article]
    Cash flow, cash flow, cash flow.

    NCT is cheap, but not as cheap as you imply. Plus you show no understanding of the industry sharing ratios that are heavily influenced by one time gains.
    Feb 18, 2011. 02:43 PM | 1 Like Like |Link to Comment
  • Ensco, Pride Merger: A Match Made in Heaven [View article]
    Toby, do you really see benefits of being larger in this industry? What are those?
    Feb 8, 2011. 12:30 PM | 1 Like Like |Link to Comment
  • Portfolio Results; Learning From Past Mistakes [View article]
    Jae, we have not talked much lately but that does not mean I am not keeping track of your progress, copying some of your ideas, and cheering your successes.

    There is an old interview where you said that managing money was not one of your goals. Also I remember thinking that time that you probably were going to change your mind: you had the character and the work ethic, you just needed the self confidence. I am glad you found it and that others have recognize your capabilities.
    Feb 3, 2011. 06:24 PM | 1 Like Like |Link to Comment
COMMENTS STATS
111 Comments
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