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Roger Newman

 
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  • CombiMatrix Warrants: As Close To A Sure Zero As You Can Get [View article]
    Is there any volume at all in these warrants?
    Mar 26 02:49 PM | Likes Like |Link to Comment
  • Nuveen Build America Bond Fund: A Taxable Muni Bond Closed-End Fund That Pays You To Own It [View article]
    George, thanks for continuing to bring interesting ideas to the community. What affect will rising interest rates have on the leverage and ultimate return to investors? I would think that rising interest rates cost the fund more on the leverage side and lower return unless the leverage is fixed through 2020?

    Thanks
    Mar 18 11:17 AM | Likes Like |Link to Comment
  • The Most Diversified Inflation-Proof Retirement Portfolio [View article]
    Hmmm. Stable returns? Do you consider that drawdown to be stable enough for retired income investors? Most in the industry would think you crazy!
    Mar 14 03:03 PM | Likes Like |Link to Comment
  • Tactical Asset Allocation Strategy For Conservative Investors [View article]
    That is because your analysis is based solely on output from ETFReplay. You don't even have any way to confirm that their results are accurate as you are relying solely on their output. This is a prime example of backtesting bias. Your sub-portfolios are also subject to bias but you do not address that issue. If someone is interested in this type of back tested analysis, with no substantive predictive power, you are better off going to http://www.etfreplay.com and creating your own strategy. This is essentially a re-marketing of someone else's work. Can you explain how etfreplay calculates the volatility, the formula used and why? Disappointing.
    Jan 23 01:04 PM | 1 Like Like |Link to Comment
  • A New 8% Yielder Paying Every Month [View article]
    That may be true but take a look at the size of the equity slice protecting the preferreds on the MREITs. It is a small slice indeed. Preferred holders should not take much security from there being common ahead of them. Due to the leverage, a bloodbath would wipe out the common equity very quickly and end up on the doorstep of the preferreds...
    Jan 21 04:02 PM | 1 Like Like |Link to Comment
  • An 8.8% Yield Paid Every Month Since 2007 [View article]
    Agreed, retired. Price does fluctuate but the yield is unbeatable and the monthly payment has never been missed. Large positions could be problematic as the daily volume is so small but it's a nice addition to a yield portfolio if correctly sized...
    Dec 19 09:12 AM | Likes Like |Link to Comment
  • An 8.8% Yield Paid Every Month Since 2007 [View article]
    Wouldn't you think that this has much higher call risk than GWSVP given its 20% premium to par?
    Dec 18 01:32 PM | 1 Like Like |Link to Comment
  • An 8.8% Yield Paid Every Month Since 2007 [View article]
    This is a trust preferred. Please click on the link in the article for an explanation. In this type of situation it is more important to look at the coverage of the dividend which is strong. Earnings are not the appropriate analysis. Depreciation on the machines significantly lowers earnings but not cash flow, for example.
    Dec 18 10:37 AM | Likes Like |Link to Comment
  • An 8.8% Yield Paid Every Month Since 2007 [View article]
    You could certainly be right and there is risk involved. I'll take the chance and the risk/reward seems reasonable to me.
    Dec 17 06:13 PM | Likes Like |Link to Comment
  • An 8.8% Yield Paid Every Month Since 2007 [View article]
    Thanks Eppoh, I was unaware of the common trading. I agree, a great performing, and paying, little company!
    Dec 17 05:49 PM | Likes Like |Link to Comment
  • An 8.8% Yield Paid Every Month Since 2007 [View article]
    James, you were lucky to get shares at par. Hasn't seen that level recently but I agree, limit orders are the way to play this one.
    Dec 17 02:08 PM | Likes Like |Link to Comment
  • An 8.8% Yield Paid Every Month Since 2007 [View article]
    You may be right and we cannot know that in advance. I do place some weight however on the fact that this issue has been callable for years now, including the past few when interest rates have been so low. It is a risk, as I do disclose in the second to last paragraph, but one that I feel is worth taking, at least for me.
    Dec 17 01:03 PM | Likes Like |Link to Comment
  • My Portfolio Returned 38.29% This Year, Here's What I'm Doing For 2014 [View article]
    Because it outperformed the S&P 500 in 2013 by 10% you would expect the same out-performance in 2014? Based on what? The phrase "past performance is no indication of future returns" is a common one for a reason. Your article seems to essentially state that because it happened this year it should happen next year. That is a very dangerous premise to putting your hard-earned money at risk and readers should be much more skeptical. I can back test any number of strategies that out performed the S&P or DOW in 2013 but there is no likelihood it will do so again in 2014, no matter whose famous market name is attached to it! Many investors have lost a great deal of money by trying to chase the hot hand. Beware...
    Dec 6 01:13 PM | 2 Likes Like |Link to Comment
  • ImmunoCellular Is A High Risk, High Reward Biopharma [View article]
    I have no position at all but would like to know why you call it a scam. Criticizing someone else is easy but coming up with your own thesis is much more difficult whether he is a paid writer or not. If he is paid and nothing more than a promoter, it should be easy for you to cut down his arguments with facts.
    Dec 2 10:09 AM | 2 Likes Like |Link to Comment
  • ImmunoCellular Is A High Risk, High Reward Biopharma [View article]
    Why do you believe that NWBO is a scam? Do you have any scientific evidence to back this up? Are you short?
    Dec 2 09:13 AM | 2 Likes Like |Link to Comment
COMMENTS STATS
252 Comments
203 Likes