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Richard Shaw  

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  • A Double Whammy For REITs And MLPs In 2013 - More In 2014? [View article]
    I agree that their is more to consider than those two factors -- they are simply a macro overlay on sector and issue specifics. I also agree as you say that over 20 years, both categories will do well. This article, of course, is only about 2014. The problem we all have is dealing with some of the challenging times along the way to 20 years. In 2007, you could have said and most likely would have been correct that over 20 years stocks would reward handsomely, but in 2008 and 2009, it was difficult to "feel" that way -- also not everybody has 20 years of remaining life, and many people must withdraw assets on a regular basis to support their lives (or to support the distribution requirements of their foundation or entity pension plan); and in those cases big down periods are harmful to survival prospects --- dollar cost averaging IN is advantageous long-term, but dollar proceeds average OUT is harmful.
    Jan 8, 2014. 04:44 PM | 4 Likes Like |Link to Comment
  • Sector Allocation Comparison Of 7 Popular Dividend ETFs -- Why We Like 3 The Best [View article]
    The missing stock is EMR 1.27%.
    A correction has been requested
    Jan 8, 2014. 01:35 PM | Likes Like |Link to Comment
  • A Double Whammy For REITs And MLPs In 2013 - More In 2014? [View article]
    Probably in some cases and not others. Now more than earlier, issue selection is critical, as the categories are having trouble.

    Articles by Brad Thomas may be helpful to you with regard to REITs. Looking at the holdings of leading MLP oriented funds may help there. Energy Income Partners is an investment first whose commentaries on MLPs we find particularly persuasive. They manage some fund for First Trust.

    Our monthly "Rational Risk Equity Income Investor" letter also identifies some REITs and MLPs that pass our quantitative criteria, and further identifies if they are favored by independent analysts.
    Jan 8, 2014. 12:42 PM | 2 Likes Like |Link to Comment
  • Sector Allocation Comparison Of 7 Popular Dividend ETFs -- Why We Like 3 The Best [View article]
    I agree that overweight and underweight might be better terms. AVOID and FAVOR came from the analyst reports. I would avoid adding to certain sectors and would favor adding to certain sectors. It is about "tilting" a portfolio in this or that direction, not going all or nothing on sectors. Note that the ETFs we favor, have exposure to the "avoid" sectors, but we were looking for less of the "avoid" categories and more of the "favor" categories.
    Jan 8, 2014. 12:37 PM | 1 Like Like |Link to Comment
  • Sector Allocation Comparison Of 7 Popular Dividend ETFs -- Why We Like 3 The Best [View article]
    I named the funds for the indexes they follow, not the investment firms the manage them. The label is correct.
    Jan 8, 2014. 11:24 AM | 1 Like Like |Link to Comment
  • Sector Allocation Comparison Of 7 Popular Dividend ETFs -- Why We Like 3 The Best [View article]
    Sorry about that. Will check the list sometime today and request a correction. Thanks for the catch.
    Jan 8, 2014. 10:03 AM | Likes Like |Link to Comment
  • What's Working And What's Not - December 2013 [View article]
    the link in the last sentence of this post goes to my statements about forward view of sectors.
    Dec 30, 2013. 04:54 PM | Likes Like |Link to Comment
  • Historical Odds Of A Correction And Where To Hide [View article]
    Wrong symbol -- PNX is for The Phoenix Companies, a life insurance company, not Pioneer Natural Resources. which is PXD
    Dec 15, 2013. 03:13 PM | Likes Like |Link to Comment
  • Stocks Thrice Blessed For Technical Strength [View article]
    SeekingTruth. -- very kind of you
    Dec 10, 2013. 10:39 PM | 1 Like Like |Link to Comment
  • Dividend Stocks With Better Revenue Growth, Lower Beta And At Least 10% Price Gain Targets [View article]
    Thank you, I do understand that net earnings are not particularly useful data points for MLPs, but this was not an attempt to analyze MLPs. Since valuation is not the focus of the article, we simply presented the same set of data for each company, and did not focus on best valuation metrics for each industry. No suggestion here to use P/E for MLPs. I suppose we could have left the PE and PEG fields blank, but that would have its problems too. Definitely, if we were reporting on MLPs or REITs specifically, we would use the valuation metrics most suitable to those industries.
    Dec 8, 2013. 08:21 PM | Likes Like |Link to Comment
  • Regaining And Maintaining Trust In Digital Realty [View article]
    Brad,

    A quick check at Yahoo Finance says that 114% of the stock is owned by institutions (leveraged), and that 25.5% of the stock is short with a 20 day short ratio. If this data is correct, the leverage could exacerbate the decline, but the short squeeze potential is major. How do you assess the buying and selling pressure that is resulting or may result from holdings pattern? What issue got them to 1/4 of their stock short in the first place?

    Richard
    Oct 31, 2013. 05:48 PM | Likes Like |Link to Comment
  • Regaining And Maintaining Trust In Digital Realty [View article]
    Brad,

    The GMI Accounting and Governance Risk Rating for DLR is at a low since 2010. It currently is ranked at 35th percentile (65% better rating) versus all evaluated public companies. In March 2010 it was ranked 85th percentile. Most recently prior to being ranked 35th percentile, it was ranked 56% percentile in March of 2013.

    Do you have a view on the GMI approach to this dimension?

    Richard
    Oct 30, 2013. 11:00 AM | 1 Like Like |Link to Comment
  • Regaining And Maintaining Trust In Digital Realty [View article]
    Brad,

    With yesterday's (Oct 29) below expectations report and reduced forward guidance, and today's (Oct 30) 13% price drop in the stock; would very much like to know if any part of your view on DLR has changed.

    Richard
    Oct 30, 2013. 10:07 AM | 6 Likes Like |Link to Comment
  • Selecting Sectors To Tilt Your Portfolio Exposure [View article]
    The writer was not irritated. The write clarified intent in writing the article.
    Sep 16, 2013. 08:08 AM | Likes Like |Link to Comment
  • Selecting Sectors To Tilt Your Portfolio Exposure [View article]
    I don't think its defensive. It is a clarification of the intent and utility of the article to someone who was seeking something other than the article's intent and purpose. There are reportedly a million readers at SA and each author has an audience in mind which is far less than a million. No article could possibly meet the needs of all million. If an article is criticized for inaccuracies or unreasonable conclusions, that is one thing and appropriate; but if it is criticized for not going down the road a particular reader would have chosen, it is appropriate for the author to explain the reason for the road taken, and to set expectations for that reader on what the author generally seeks to do and who to serve in the current and future articles.
    Sep 15, 2013. 01:35 PM | 3 Likes Like |Link to Comment
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