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Roger Newman  

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  • The Obama REIT: A Secure 7% Yield [View article]
    A number of the offices are leased to agencies such as the Department of Justice (FBI). If the feds were to stop leasing properties, that would adversely impact property prices, lowering property taxes, putting local governments in somewhat of a bind. Think of it as a subsidy to local governments as well...
    Jan 18, 2013. 08:57 AM | Likes Like |Link to Comment
  • The Obama REIT: A Secure 7% Yield [View article]
    See for a better explanation on evaluating REITs and the use of FFO (Funds from Operations). Earnings are not a good measure for this type of entity. For the three months ending 9/30/12 FFO was $0.54 per share and the dividend appears safe.
    Jan 15, 2013. 01:45 PM | 3 Likes Like |Link to Comment
  • The Obama REIT: A Secure 7% Yield [View article]
    David, my apologies, I got this mixed up with another article I am writing *#@%
    Jan 14, 2013. 03:41 PM | Likes Like |Link to Comment
  • "Death of Equities?" Assets in fixed income hedge funds are set to overtake those in equity strategies for the first time in the history of the industry, according to HFR. The move jibes with other stories from 2012 about the abandoning of stocks for the "safety" of fixed income. [View news story]
    C'mon people, hedge funds have the smartest people on the planet, right? right?
    Dec 10, 2012. 01:19 PM | Likes Like |Link to Comment
  • This Pandora Rally Screams Caution [View article]
    I have never heard of a company's cost structure being relevant in royalty rates?
    Nov 27, 2012. 03:56 PM | 1 Like Like |Link to Comment
  • This Pandora Rally Screams Caution [View article]
    I have tried Pandora. You do not get to select your song and one random song from an artist hardly means choosing your selection.
    Nov 27, 2012. 03:26 PM | Likes Like |Link to Comment
  • This Pandora Rally Screams Caution [View article]
    I think that you miss the main thrust of the Act. Pandora is trying merely to pay no more than terrestrial radio. The artists have no say currently as the rate is mandated by the panel. I see no common sense reason why one distribution method (internet) should pay significantly more than another (terrestrial). Your analysis of access to songs is also misplaced. On Pandora a listener does not have the option of choosing a song or even a particular artist. The system provides the songs and, unless you subscribe, you may only "skip" a limited number of songs per hour. While you can certainly tailor your "station" you are still provided content by P, just as you are with radio. While I have my own concerns about P's business model, I think that you are not properly framing the argument here.
    Nov 27, 2012. 03:01 PM | 3 Likes Like |Link to Comment
  • GAIN Preferred: A Monthly Pay Preferred Trading Near Call With A 7% Yield? [View article]
    I can't believe I missed that but you are correct, it is Gladstone Capital Corp. preferred, not Gladstone Investment Corp. but I think the analysis holds...
    Nov 26, 2012. 03:15 PM | Likes Like |Link to Comment
  • Obamacare Leads To Lower Unemployment? [View article]
    You are one of few. This is but a step in a progression toward a socialist medical system - yuck!
    Nov 13, 2012. 11:44 AM | Likes Like |Link to Comment
  • eBay Likely To Take A Breather After These Results [View article]
    That's bold. Wait for a 20% drop on a well executing company to buy shares? I would similarly be happy to buy SPY at 115, a 20% drop, or how about AAPL at 500?
    Oct 18, 2012. 01:20 PM | Likes Like |Link to Comment
  • InterOil (IOC) +5.8% premarket on reports the company's JV is planning on selling half of two gas fields it owns in Papua New Guinea to the government and local owners, a move that may unlock development of a new $6B-plus export project. IOC also enters into a $100M secured term loan facility with BNP Paribas and other banks. [View news story]
    Planning on selling is half the equation. Is the government planning on buying?
    Oct 16, 2012. 10:08 AM | 2 Likes Like |Link to Comment
  • Pandora - Can You Make Money In Online Radio? [View article]
    Interesting that you are pretty negative on Pandora while mentioning that Amazon and Google could be interested in the sector. It would be faster and less expensive for one of these companies to buy Pandora (about a $2Billion market cap) than to put in the time to create the service. They also get access to Pandora's current subscribers, a whole new list of potential customers for both companies. I think that the smart move for AMZN or GOOG would be to buy Pandora. P's success has a number of different possible pathways...
    Oct 1, 2012. 10:27 AM | 1 Like Like |Link to Comment
  • Google Punkslaps Apple - Cook Makes Strategic Error [View article]
    You should all be using Waze, an app that has the best turn by turn directions I have used yet, in addition to traffic and police location info!
    Sep 21, 2012. 02:08 PM | 4 Likes Like |Link to Comment
  • InterOil (IOC +5.5%) shares are spiking on a report from Papua New Guinea suggesting an "important announcement" coming; the news could involve the bidding for an operating stake of IOC's Gulf LNG project and its Elk-Antelope field in the country. [View news story]
    I would be impressed and surprised to see something concrete come of this...
    Sep 19, 2012. 01:33 PM | Likes Like |Link to Comment
  • InterOil (IOC +3.9%) jumps higher following reports that Korea Gas has formed a consortium with Mitsui and Japan Petroleum Exploration to participate in IOC's $5.4B LNG project in Papua New Guinea. [View news story]
    They have been talking about this since February. Just Google IOC and Korea Gas. Many articles from February and apparently IOC retained IBank to solicit potential partners by Dec. 2011. Was extended by a "few months" and we are still hearing rumors. Could be a deal out there but we have been down this road before...
    Aug 23, 2012. 10:52 AM | Likes Like |Link to Comment