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Roger Newman  

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  • InterOil -13% on report that Papua New Guinea deal with Exxon at risk [View news story]
    This is quite the soap opera
    Aug 16, 2013. 10:51 AM | Likes Like |Link to Comment
  • Think Before You Leap Into Muni Closed-End Funds [View article]
    In your article you mentioned UNII but you didn't provide any of that data for the five funds you highlighted?
    Aug 14, 2013. 02:36 PM | 2 Likes Like |Link to Comment
  • SPY To Stall: Jobs Report Sends Warning Signals [View article]
    But the title of your article was SPY to stall. Additionally, the drop in the unemployment rate was primarily due to the drop in labor force participation. Even fed comments suggested that the rate itself is not the final arbiter of policy.
    Aug 7, 2013. 01:06 PM | Likes Like |Link to Comment
  • SPY To Stall: Jobs Report Sends Warning Signals [View article]
    A weak jobs market bodes well for continued QE which is pushing the markets higher. Wouldn't you think that weaker jobs data gives support to continued QE and high equity prices?
    Aug 7, 2013. 12:23 PM | Likes Like |Link to Comment
  • Equity CEFs: The Most Undervalued And Overvalued Funds - 6 Months Later [View article]
    Doug, I would also like to be able to see your performance.
    Aug 6, 2013. 09:45 PM | Likes Like |Link to Comment
  • Performant Financial: Solid Play On Student Loan Defaults [View article]
    You should take a look at the financials for both collection agencies and debt purchasing firms and you can get a pretty good idea.
    Jul 23, 2013. 04:20 PM | Likes Like |Link to Comment
  • Performant Financial: Solid Play On Student Loan Defaults [View article]
    It's true that a growing student loan problem will likely led to increased business for Performant. Have you looked into their cost to collect? It would also seem likely that as college graduates have difficulty finding jobs that the ability of debtors to pay, and conversely the cost to collect, will increase. This could negatively impact profit margins...
    Jul 23, 2013. 01:28 PM | 1 Like Like |Link to Comment
  • The iShares Muni Bond ETF (MUB +0.1%) opens with a slight gain as does the High Yield Muni ETF (HYD +0.2%) following last night's Chapter 9 filing by Detroit. "The situation in Detroit (is) a Michigan issue and not a broader muni market issue," opined BlackRock two weeks ago in anticipation of the filing. Other names of interest: MBIA (MBI -1.7%), Assured Guaranty (AGO -1.9%), Ambac (AMBC -2.4%). [View news story]
    Funny how that seems to work. Not trying to make a political statement but it is interesting that Democratic locales seem to be disproportionately represented in local bankruptcies...
    Jul 19, 2013. 01:14 PM | Likes Like |Link to Comment
  • Markets are overlooking the "dovish" signals in Bernanke's press conference, tweets the WSJ, previewing a Jon Hilsenrath article. The Dow (DIA -0.2%) reverses a moderate loss and is now back to about flat. [View news story]
    Correct, nothing has changed but no one thinks this will continue forever and the spigot will be turned off at some point after it is slowly lessened. Has to happen.
    Jun 21, 2013. 01:43 PM | 1 Like Like |Link to Comment
  • Bill Gross Is Buying Closed-End Funds Again [View article]
    George -

    Does either fund have any UNII?
    Jun 13, 2013. 01:53 PM | 1 Like Like |Link to Comment
  • A New 8% Yielder Paying Every Month [View article]
    An MREIT, now there's a safe investment! Some of them are leveraged 10 times and you call that safe. There is very little equity to protect the common should things go wrong (i.e. higher interest rates). You only get higher yield for higher risk, period. The MREITs yield more than this preferred and I believe the risk is commensurate with that yield. Tread carefully in MREIT world.
    Jun 5, 2013. 01:13 PM | Likes Like |Link to Comment
  • The smart money appears to be still long GameStop (GME +3.2%), according to the hedge fund trackers at Insider Monkey. The stock was held in 26 of the bigger funds tracked at the end of Q1, an increase from the end of the year despite the growing consternation over the used game business model. [View news story]
    I am surprised to see this comment. The Microsoft announcement came after the reporting date for the 13F reports. After that report, funds could have sold their positions in reaction. To suggest that the funds are long even in light of the Microsoft announcement regarding the new XBox and how it deals with used games is simply misleading. This post should be retracted.
    May 30, 2013. 12:54 PM | Likes Like |Link to Comment
  • InterOil (IOC) +10.1% premarket on news it has entered into exclusive negotiations with ExxonMobil (XOM) to develop the Elk and Antelope gas fields IOC owns in Papua New Guinea. The discussions include the possibility of XOM purchasing a stake in Petroleum Retention License 15 and providing funding to drill additional wells in the Elk and Antelope fields. [View news story]
    Hmmm. That was a short-lived 10% pop?
    May 24, 2013. 10:53 AM | 1 Like Like |Link to Comment
  • Medical Marijuana: Get Out Now [View article]
    Last time I looked there wasn't a borrow so can't get short anyway. I tried with Medbox as well but no luck there either.
    May 23, 2013. 03:48 PM | 1 Like Like |Link to Comment
  • Interoil: Let's Get Ready To Fumble [View article]
    Someone just needs to start asking this question on every conf call for a major. Easy to narrow down the targets.
    May 20, 2013. 05:18 PM | Likes Like |Link to Comment