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SA Editor Stephen Alpher

 
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  • SandRidge CEO Discusses Q4 2012 Results - Earnings Call Transcript [View article]
    DId you see Cooperman's comments/questions. Sounds like he's leaning to vote w/TPG?
    Mar 1 03:23 PM | 2 Likes Like |Link to Comment
  • Billed as a private equity ETF, the newly listed PEX owns no Blackstone, KKR, or Fortress. The top U.S. holdings - ARCC, ACAS, PSEC, AINV, FSC - will be well-known to fans of BDCs though. [View news story]
    That's Blackrock Kelso (BKCC), not Blackrock (BX).
    Feb 28 12:36 PM | Likes Like |Link to Comment
  • One more on Chicago PMI: With increases in January and now February, it marks the first consecutive gains for the index in 2 years. At 60.2, New Orders - maybe the most leading component of the PMI - rises to an 11-month high of 60.2. "Orders were down for January ... by the end of (the month) we became inundated with new orders ... We will also be hiring new welders to assist with capacity," says one respondent. (full report[View news story]
    It's a diffusion index. I don't think Y/Y comparisons are relevant.
    Feb 28 10:14 AM | 1 Like Like |Link to Comment
  • Bernanke Semiannual Monetary Policy Report: The benefits of easing continue to outweigh the costs and risks, says Bernanke in his prepared testimony. Maybe putting to rest the kerfuffle from last week's FOMC minutes, he says QE will continue until there are substantial labor market gains. Watch live here[View news story]
    http://seekingalpha.co...
    Feb 26 10:44 AM | Likes Like |Link to Comment
  • Lots Of Real Estate Value At Assisted Living Concepts [View article]
    Sold for $12/share. Nice work Thomas!

    http://seekingalpha.co...
    Feb 26 08:21 AM | Likes Like |Link to Comment
  • More on AIG Q4 earnings: Book value/share (excluding AOCI) of $57.87, +15.5% Y/Y. P&C division loss of $945M thanks to $2B Sandy hit - the company posted an operating profit of $290M even with that. Premiums written of $7.8B, flat Y/Y. Life and Retirement income of $1.1B vs. $912M a year ago. Conference call at 8 ET tomorrow. Shares +3.7% AH. (PR) [View news story]
    Wasn't it expected to spike after Sandy?
    Feb 22 02:04 PM | Likes Like |Link to Comment
  • More on AIG Q4 earnings: Book value/share (excluding AOCI) of $57.87, +15.5% Y/Y. P&C division loss of $945M thanks to $2B Sandy hit - the company posted an operating profit of $290M even with that. Premiums written of $7.8B, flat Y/Y. Life and Retirement income of $1.1B vs. $912M a year ago. Conference call at 8 ET tomorrow. Shares +3.7% AH. (PR) [View news story]
    The point was that AIG made a profit in the Q even w/a $2B hit from Sandy. Pretty impressive, and probably why the stock is up 4%.
    Feb 22 06:41 AM | Likes Like |Link to Comment
  • The Small Cap Stock Index For You [View article]
    Does the S&P drop a company from the index as soon as it reports a negative quarter of earnings or as soon as a buyback reduces the float to less than 50%?
    Feb 18 09:37 AM | Likes Like |Link to Comment
  • Calamos Asset Management: Exceedingly Cheap At 3.5x Earnings With A 4.4% Yield [View article]
    ART bought out at about 14% premium to BV.

    http://seekingalpha.co...
    Feb 15 01:48 PM | Likes Like |Link to Comment
  • Armour Residential (ARR) prices its 65M share secondary, with the underwriters retaining an option to buy an additional 9.75M shares. Shares -4.8% premarket to $6.75. Book value was $7.77 on Sept. 30, about $7.29 on Dec. 31, and about $6.73 yesterday. That's a 13.4% decline in 4.5 months. Who's buying the secondary? (PR[View news story]
    Deutsche was the lead underwriter.
    Feb 15 12:50 PM | 1 Like Like |Link to Comment
  • The yen reverses early strength and shoots lower on more wordage out of the G-20, with one official saying Japan is not being singled out in the group communique urging members to avoid competitive devaluation. FXY -0.4% premarket. [View news story]
    I personally wouldn't mess with any of the ETFs if I wanted to short. I'd log on IB and just sell yen straight-up.
    Feb 15 08:58 AM | Likes Like |Link to Comment
  • The yen reverses early strength and shoots lower on more wordage out of the G-20, with one official saying Japan is not being singled out in the group communique urging members to avoid competitive devaluation. FXY -0.4% premarket. [View news story]
    Try YCS.
    Feb 15 08:43 AM | Likes Like |Link to Comment
  • We welcome Carl Icahn's Herbalife (HLF) investment, Bill Ackman tells CNBC, saying his conclusion about the company (pyramid scheme) is unaffected by who's on the other side of the trade. To everyone who thinks Ackman is just going to roll over and cover, one trader suggests Icahn selling this pop is more likely. "He proved his point." [View news story]
    http://seekingalpha.co...
    Feb 15 07:57 AM | Likes Like |Link to Comment
  • How will Newcastle's (NCT) spinoff of New Residential (ticker: NRZ) unlock value (presentation)? Newcastle's stock yielded an average 12% in 2012, while peers with comparable portfolios to NRZ yield about 7%. Those with portfolios close to the new Newcastle also have far lower yields. It's yahtzee for NCT and NRZ owners should these yields converge. The spinoff is expected by the end of Q1. [View news story]
    Yes, average.

    Shares were at about $5.50 at start of year w/$0.20 dividend, a 14.5% yield. They were $6.50 mid-year, 12.3% yield. They were $8.46 at year's end w/$0.22 dividend, a 10.4% yield.

    I'd say the company saying it had an average 12% yield in 2012 is right on target.
    Feb 14 04:50 PM | 1 Like Like |Link to Comment
  • Why do these stories always come out after a big move? George Soros lets it slip he has been way short yen during its big move lower and has scored a $1B profit. Other big names cashing in are Einhorn, Loeb, and Bass. To Einhorn and Bass' credit, they've been publicly short the currency for some time. FXY flat premarket.  [View news story]
    No, I don't expect him to share.

    Like the sun rising in the east, you can be sure after some big macro move to have Soros leak to a friendly reporter that he took part. I have no reason to doubt Soros was short yen, but ... When did he go short? Where was he short from. After riding a losing position from ¥85 to ¥79 did he cut his bets, did he double down ...

    I'm not doubting his ability as a trader, but stories like this just add puff to a legend.
    Feb 14 08:26 AM | 3 Likes Like |Link to Comment
COMMENTS STATS
540 Comments
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