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  • Orchid Island Capital Plummets, One Analyst Predicted It [View article]
    What a ride on the UVXY!

    Probably was, since Greece is causing spreads to compress rapidly. None shall be spared... except inverse leveraged ETFs, clearly. (UVXY is actually a volatility instrument. Responds to people paying more for put protection... kinda. There's a ton more inputs than that.)

    -Mike
    Jun 30, 2015. 12:17 AM | Likes Like |Link to Comment
  • REITs That Pay Monthly [View article]
    Some of the Canadian REITs are on firesale right now - although they could become even more on sale in the future depending on the fed and global events.

    I'm talking about 8-12% yields (today) on companies that have payout ratios in the ~90-100% range. (Similar to STAG)

    I just picked up some WSR and IRT. More and more people are opting for apartments, and WSR does seem to be doing a good job turning around malls...

    Here's a Canadian one that guided $0.94 in FFO after a just-completed merger - time will tell:
    http://tinyurl.com/owf...

    Their merger potentially introduced currency exchange headwinds, similar to the ones that WPC faces.

    -Mike
    Jun 27, 2015. 03:25 AM | 1 Like Like |Link to Comment
  • Time To Panic For Pacific Drilling? [View article]
    It all depends on the price of oil. I'm long PACD, ORIG, and a few others. I have no illusion over these investments being lucrative if oil stays flat or declines further.

    -Mike
    Jun 26, 2015. 02:25 PM | 1 Like Like |Link to Comment
  • Apple Bitcode, Processor Independence And Future Proofing The Apple Watch [View article]
    Realchacal: That's normally how it works. Processors have an architecture and instruction set, which will be different from one to another. Individual companies generally try to maintain backwards compatibility, so processors end up being part of a family. The three main ones are Intel/AMD (i386/i686/amd64), ARM (Smartphones/Tablets), and MIPS. (Usually routers.) There's also Atmel with their extremely low power AVR series, intended for embedded devices and sensors. (Arduino, etc.) They all have different nuances to compiling software for them. It's further complicated by strapping different operating systems on top. (And in the case of Atmel, there may not be an OS.)

    A few programming languages (like Java) attempted to get around this complexity and hassle. Java was born decades ago, and has the most successful/ubiquitous bytecode implementation. Numerous other languages now sit on top of it. It compiles as it runs (Just In Time to be executed - JIT compilation), which limits performance and increases memory overhead, although often the decreased time writing code and debugging leads to better optimized and less bug-filled software. Java is pretty common on servers too, where it usually compiles fully before executing, instead of during execution. Since it scales so well, large companies like Facebook use it to handle billions of users. Theoretically a language compiled for a given processor could do better, but often programmers cannot wrap their heads around the optimizations required. Better to let smart engineers do it once, then have the compiler figure it out.

    Microsoft has their own JIT style, with their C# language. They've enabled it across all of their platforms... XBox, PC, etc.

    Sounds like Apple is getting behind the same idea. It certainly does make sense.

    -Mike
    Jun 25, 2015. 02:37 PM | 11 Likes Like |Link to Comment
  • Unveiling A Pivotal Plan For This Predictable Outlier [View article]
    Interesting stuff, Brad. Considering how well investors took the negative book values of banks, I wonder how well they will handle their private funds diving from $10 to $7 due to regulatory reporting changes?

    I imagine that many will get quite afraid of real estate, bringing prices down further and cap rates up. Thoughts?

    -Mike
    Jun 25, 2015. 01:32 PM | Likes Like |Link to Comment
  • Unveiling A Pivotal Plan For This Predictable Outlier [View article]
    Keep in mind that with roughly a third of revenue coming from overseas, the rapidly weakening Euro and other currencies impact part of their earnings... That's why FFO is lumpy in the fast graph.

    I doubt they will ever move to P/FFO parity with O. Companies with currency headwinds always seem to trade at a discount. That does mean the DRIP is likely to be more effective over time... 6% compounds faster than 4.5%.

    -Mike
    Jun 25, 2015. 01:13 PM | Likes Like |Link to Comment
  • I'm Recommending A Riskier REIT [View article]
    I thought perhaps that he meant enterprise value - but even that is under a billion.

    Their parent, RAS, is over 3b? Market cap 0.5b?

    -Mike
    Jun 25, 2015. 03:02 AM | Likes Like |Link to Comment
  • I'm Recommending A Riskier REIT [View article]
    The way the payout ratio is going, a dividend cut may not happen any time soon?

    -Mike
    Jun 25, 2015. 02:44 AM | Likes Like |Link to Comment
  • I'm Recommending A Riskier REIT [View article]
    http://bit.ly/1Jkl8cZ

    Wasn't the first one prorated slightly due to IPO date?

    -Mike
    Jun 25, 2015. 02:42 AM | Likes Like |Link to Comment
  • I'm Recommending A Riskier REIT [View article]
    This REIT is actually well insulated against the economy being too awesome.

    Look at O - long term leases, long term debt, high occupancy, quality tenants. They won't have to cut their dividend, but given their safety, their share price moves dramatically with the 10yr treasury. If the economy booms, expect that 10yr to shoot up and O to be underwater for a while... potentially years. But if the economy muddles along, rates will stay low and they'll continue to issue equity at excellent (inflated) prices to make shrewd acquisitions.

    WSR however, would benefit directly from such a boom. 86% occupancy? How about trying on 96% occupancy at over $18/sqft? That's somewhere around $2/share in FFO, correct? Their debt would look pretty insignificant if they ever started posting numbers like that.

    Muddle-through is actually the most dangerous to them, as they're picking up marginal properties, and muddle-through is when small scale mom&pop businesses can struggle the most - since they're already paying 54% more, that makes it all the more likely.

    -Mike
    Jun 25, 2015. 02:35 AM | 2 Likes Like |Link to Comment
  • Dividend And Growth Investors: Buy CERF Incorporated Hand Over Fist [View article]
    Although riding this thing must have been painful for the longs, for new investors the past only matters to the extent that it created this year's buying opportunity.

    I was buying MU just over $5 when everyone thought it was crazy - a loser burning through cash - but the writing was on the wall that the merger would be a huge success. MU was by far my best investment ever.

    I am still researching CFL.V, and am not ready to take a large position, but the stock is very interesting. It has the right ingredients, at least. I need to get more comfortable with the management first - dilutive acquisitions need to stop, and the company needs time to settle and deliver results.

    -Mike
    Jun 24, 2015. 06:32 PM | 2 Likes Like |Link to Comment
  • Dividend And Growth Investors: Buy CERF Incorporated Hand Over Fist [View article]
    In Canada we don't vote parties in - we vote them out... when they fail us.

    The conservatives in Alberta have proven to be shortsighted. Rather than adopting a strategy similar to Norway (which was the original intent...) the Heritage Savings Trust has languished. By having taxes and royalties far too low, inflation reared its head massively (regionally), with common jobs like waitressing pulling in a respectable 6 digit income for a while.

    There was too much money sloshing around out there, and now there is too little thanks to the oil price collapse. Voters are not pleased, and it showed in the results.

    This has nothing to do with Left vs Right. If the NDP lean too far to the left, they will be voted out next election. But since we only vote parties out in Canada, all they have to do to stay in power is be less corrupt, show some forethought in regards to the Heritage Savings Trust, and not break tax promises.

    Environmentally, I suspect somewhere along the line they may also stop shooting themselves in the foot like the conservatives have. They'll allocate funds towards cleaning things up while it costs less, rather than waiting until it costs more. That may cost them the next election, given that the voters haven't changed their fundamental beliefs - just their opinions of how well each party can serve them.

    My question - why should any of this negatively affect CERF?

    A protracted oil downturn is the enemy here, not the provincial party in power. I'm more inclined to watch Saudi Arabia and the Obama administration for clues as to when oil will turn around, as that's likely to matter more than what the NDP do.

    -Mike
    Jun 24, 2015. 06:22 PM | 2 Likes Like |Link to Comment
  • Now Is Not The Time For Greed [View article]
    Strike - might I suggest WILN for a less speculative patents & licensing play?

    -Mike
    Jun 24, 2015. 04:05 AM | 1 Like Like |Link to Comment
  • Now Is Not The Time For Greed [View article]
    Keep in mind that during such a correction, great stocks can sell off far more than that.

    In Oct 2014 SWKS plunged 25-30%, about three times what the market did. A 7 percent correction might be a 15-25% better entry point. In SWKS's case, whoever bought in Oct 2014 is up 144%, while if you bought a month or so earlier, you are up 90%. That 54% difference is the result of a 9.7% correction, and how gains compound miraculously faster from lower entry points.

    Never hurts to have some cash.

    -Mike
    Jun 23, 2015. 03:18 PM | Likes Like |Link to Comment
  • Skyworks opening 4G/5G and IoT chip design center [View news story]
    Me too! Bought at $29. Sold in Oct 2014. Doh!

    -Mike
    Jun 23, 2015. 03:04 PM | 1 Like Like |Link to Comment
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