David Stafford's  Instablog

David Stafford
Send Message
Student of markets, enjoys following their course.
My book:
Around the World in Several Pieces
  • Friday Fancies; Utility Projects And Railroads. 0 comments
    May 29, 2014 8:22 PM

    This Friday, perhaps once again folks may have a taste for something new. Though the market in general has been perhaps marching higher slowly but surely, with seemingly Seusa inspired certainty, there may still be a few wooly sheep stuck in a fence some where, still representing attractive value per se.

    ___________

    image source; http://schoonoverfarm.

    files.wordpress.com/2010/02/couginfence.jpg

    (click to enlarge)

    _______

    With solid high yielders like AINV, BKCC, and NRP and their ilk seemingly stuck in sort of a low-volatility, not-so-high growth price range/band for the moment, its perhaps a good week to look for some longer term picks to perhaps start incrementally shoring up the income side of one's portfolio, while at the same time perhaps getting a little more green exposure. Other favorites mentioned in Friday Fancies from time to time like HTGC, have fortuitously perhaps, been doing great, consistently rising in price, so perhaps it may be better to ultimately buy something like that after a more serious dip in the price of that sort of investment, or perhaps for those who like to "buy-winners" per se, that might be a solid move.

    _______

    From another angle though, that of shoring up one's portfolio with a little bit of Green, and perhaps growing in price in the mid to mid-long term time-frame(3-5yrs.) capital, one may want to look at HASI. HASI is the ticker for a sort of Green-reit, that seems to be rather sophisticated in the amount of different I guess one could call it "financing-capacities" offered. Perhaps this variety of methods and approaches via which HASI may engage in the involvement per se in Green-investing, may allow it to be somewhat of an extra-dexterous player per se in the Green-investment space going forward. Coupling this with its real proximity to the nation's capital, which may allow for extra-public-private synergies per se, may make HASI a decent 3-5 year at least, target.

    _______

    With a decent number of large institutional investors like Blackrock/Blackstone etc. getting into every sort of real-estate investment they could either directly or indirectly via sort of rental-related acquisitions, perhaps its surprising that a REIT like this wasn't swallowed up(if that's possible) in one way shape or form, with this glut of excess capital per se, thanks to these sort of low interest rates, and hence very low required rates of return, which were incidentally driven up by said glut of capital, but none-the-less, alone HASI still stands an interesting investment opportunity for the open-market-still.

    ______

    Hence if one has to park one's capital somewhere in this market, though it may not be necessarily the sort of blue-chip or very-high-profile stock that would inevitably rise with the market in general, HASI seems quite attractive perhaps according to its decent yield (~6.3%), dexterity, and hence perhaps increased fiduciary capacity one could say, in that, one may always want to have the most dexterous of managers handling one's capital per se, for presumably they would allow one's capital to be invested in a greater variety of investment opportunities per se.

    _______

    HASI has like the stock market in general been sort of increasing in price over the past year, its up about 15% or so, rising from 12 to 14 dollars or so a share, while still maintaining its decent dividend yield, and hence perhaps its sort of the well positioned Green-investment player, that hasn't risen in price exorbitantly per se over the past year or so that one might want to have a few shillings in per se, just in case for the long run, and given increased tendencies and opportunities for Green-investment going forward per se.

    _______

    It may not be a short-term knife catch per se, like some previous "Friday Fancies" turned out to be(thank providence), however, perhaps it may still have a place in one's portfolio, and certainly seems attractive perhaps.

    _______

    Another approach to getting into the market today, if one is instead looking for a sort of "bond-substitute" is perhaps to get into some railroads. Though they may not have such an attractive yield per se, perhaps due to their high prices( perhaps a product of their desirability in this environment per se) Railroads may also be a decent parking spot if one is looking for that sort of bondy-feel. UNP for example, which has some very nice forward growth rate projections is currently yielding around 1.84% in dividends a year or so, so that might beat a decent number of bonds at this point, and its might also be a little safer perhaps in the off-chance of liquidation(even for a stock) per se, given the oodles of albeit used fixed capital per se, they'll have at their disposal per se, if the untoward were to happen(hopefully, and very likely not). Either way,with Energy concerns leading the world's powers into numerous conflicts these days, it seems as though energy prices may be driving transport trends even more in the future, so perhaps these potential bond-substitutes might become even more attractive per se.

    __________

    Either way, hopefully everyone's investments are going great. If anyone is also further interested in a little HASI action/reading, "Tom Konrad" here on Seeking Alpha amongst other portals per se, tends to follow it, and is a great green-investment writer I would say in general. Hopefully everyone is enjoying these "Spring-showers" or their lack there-of and riding the tide of the ever increasing price of the S&P. Thanks again for reading.

    ___________

    Also, speaking of sheep, if one wants to spend the next few months with one's nose in an interesting series of books; I personally found the more relaxed pace of the summertime in general, to have been a great time, to get carried into the fantastic world of "Haruki Murakami's" fiction per se. One of the books in his sort of linked series of novels is "A Wild Sheep Chase", and who knows, it might be just what the doctor ordered. Either way, hopefully everyone is enjoying their spring/summer, however it may be.

    ______________

    Lest old acquaintances be forgot; Uncle Scrooge McDuck;

    image source;

    http://d1466nnw0ex81e.cloudfront.net/n_iv/600/694013.jpg

Back To David Stafford's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.