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Nick Ackerman

Nick Ackerman
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  • Equity CEFs: The Insanity Of CEF Investors [View article]
    As long as the NAV isn't eroding then return of capital isn't always a bad thing. Good for consistent income. The high yields are due partly because the funds can use debt to leverage as well as some are option income oriented. You are correct though about premiums. No reason a fund should be trading at a premium and in a perfect world it would trade exactly at NAV! The Pimco CEFs seem to be like ticking time bombs.
    Apr 24, 2015. 03:36 PM | Likes Like |Link to Comment
  • Time for strained AT&T shareholders to get restless? [View news story]
    This is exactly my thinking. It's why I had to sell out of most of it, I was in for the dividend and I understand that there won't be rapid growth but if investors showed any confidence in the stock it would be higher. Not to mention the dividend increases are very disappointing.
    Apr 22, 2015. 12:02 PM | 1 Like Like |Link to Comment
  • Time for strained AT&T shareholders to get restless? [View news story]
    Sold some to lock in the gain I've had from 2010. Maybe will buy again in the future when it's lower.
    Apr 22, 2015. 09:30 AM | Likes Like |Link to Comment
  • My First Quarter Estimates For AT&T [View article]
    I sold some of my T to have some money in cash for better opportunities. I like the div and that's why I bought it but the dividend growth is abysmal and every quarter I hear "oh this is going to be a tough one" well hearing that for the last few years I've decided to take the slight gain that I had and just sit on the sidelines. Maybe even buy some more T after a few more "tough quarters"
    Apr 21, 2015. 12:52 PM | Likes Like |Link to Comment
  • Ventas Gets Off The Government Dole To Re-Energize Its Dividend Growth Prospects [View article]
    I believe in the second half of this year, that's all that I could find anyway.
    Apr 20, 2015. 10:47 AM | 2 Likes Like |Link to Comment
  • Healthcare REIT Ventas's New Buy And New Spin Off Plans Make It Look Attractive [View article]
    Sold some T and letting the cash sit there until it's time to pull the trigger on VTR. Come on sell off!
    Apr 17, 2015. 03:00 PM | 1 Like Like |Link to Comment
  • Linn Energy: The Distribution Could Be Heading Lower [View article]
    The thing with shorts is they have to eventually cover. I don't see this thing going bankrupt no matter how bad it gets. Cut distributions all it wants but it will stay around. Longs essentially have forever to hold. There's no such thing as a long term short. Eventually they will get burnt. However, this is only my opinion and of course any company can go bankrupt I just do not see it.
    Apr 17, 2015. 10:24 AM | 2 Likes Like |Link to Comment
  • Linn Energy: The Distribution Could Be Heading Lower [View article]
    Although I'd love to see an increase I don't see that happening for a few years until they can repay some of the debt and stabilize a little. Maybe 2018 or 2019 before we see an increase or unless oil is around $90 then maybe sooner.
    Apr 16, 2015. 02:14 PM | Likes Like |Link to Comment
  • Ventas Gets Off The Government Dole To Re-Energize Its Dividend Growth Prospects [View article]
    That's exactly how I was feeling is to hold off for a bit. Glad someone else feels the same! Will keep it on my watch list for now. Good luck and thanks for the great read.
    Apr 15, 2015. 02:04 PM | Likes Like |Link to Comment
  • Ventas Gets Off The Government Dole To Re-Energize Its Dividend Growth Prospects [View article]
    I've just recently been looking at VTR and I'm not sure when a good entry point will be. I want to own before the spin off so I get a little of both.
    Apr 15, 2015. 01:56 PM | 1 Like Like |Link to Comment
  • Healthcare REIT Ventas's New Buy And New Spin Off Plans Make It Look Attractive [View article]
    That is interesting too. I'll keep this one on my watchlist for a little while. I like the idea of both companies after the author pointed some things out. Have to do more due diligence.
    Apr 15, 2015. 11:48 AM | 1 Like Like |Link to Comment
  • Healthcare REIT Ventas's New Buy And New Spin Off Plans Make It Look Attractive [View article]
    Thanks, I'll read the other articles.
    Apr 15, 2015. 10:12 AM | Likes Like |Link to Comment
  • Healthcare REIT Ventas's New Buy And New Spin Off Plans Make It Look Attractive [View article]
    It seems like the dividend has been cut or am I getting incorrect information? Other wise it does look interesting to look into.
    Apr 15, 2015. 09:51 AM | Likes Like |Link to Comment
  • CEFs: Discounts, Premiums And Yield [View article]
    Only thing I'll say is ETJ has a total NAV return 5 years annualized of 4.14% while ETG is 12.74%. Past can't be guaranteed but it doesn't look bad. Or if you wanted options involved in an Eaton Vance fund then ETV 10.77% total NAV return 5 years annualized
    Apr 14, 2015. 04:05 PM | 1 Like Like |Link to Comment
  • Equity CEFs: The Insanity Of CEF Investors [View article]
    Sorry, you are right, in explaining all of that I believe I missed your question. Was trying to touch on everything you brought up. UNII has nothing to do with gain or loss on the fund for an investor's return. It stands for "undistributed net investment income," see why it was important to tell you that when an option fund writes calls and receives the premium it can't put it under UNII because it isn't classified as "income" although it is money that is distributed?

    PGP's current market price as of typing this is $22 per share. The NAV (net asset value) is $12.98 per share. It distributes $2.2008 annually. Which is currently roughly 17% yield on the NAV (NAV Yield). The fund is only worth the NAV so that means they have to earn 17% every year in order to keep paying that without giving ROC which isn't impossible technically but very hard. They have been lucky. It is very strange for any fund to stay at that kind of premium like they have managed to.

    Hope this answers the remaining questions. Good luck!
    Apr 13, 2015. 01:41 PM | 1 Like Like |Link to Comment
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