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Union Trade Assoc

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  • AT&T: A Junk Bond Fooling Investors Who Expect More [View article]
    We've hardly reached a point in which AT&T 's growth has ceased. re Direct TV - is a huge market. Recently announced Automotive Communications & Software Technologies, GM, Audi, Subaru, Tesla, forward inevitable longevity & growth in earnings. T is as much a Technology Company as Communications w extensive global reach & expansion, without reasonable contention.
    To investors, certainly T's dividend may be argued a substitute bond equivalent, but under reasonably inherent & beneficial growth in long term distributions.

    The Author is certainly entitled to express an summary opinion under the foregoing thesis ... but rating T's dividend the equivalent of a 'Junk Bond' is a reach
    Jan 8, 2015. 01:59 AM | 1 Like Like |Link to Comment
  • Reaching A Price Target For Independence Realty Trust [View article]
    Immediately accretive, the newest acquisition of the Austin Apartment Community was accepted in cash and Common Partnership Units, demonstrative of IRT's ongoing ability in monetizing transactions internally. Non dilutive, with out assuming debt.
    Jan 7, 2015. 03:56 AM | Likes Like |Link to Comment
  • Independence Realty buys Austin apartments for $35.3M [View news story]
    The quality of this Community is not only superb but immediately accretive to earnings.
    Interesting, IRT had the ability to exchange Common Partnership Units ( and ) cash in acquisition of the property. This speaks volumes concerning the ongoing credibility of the Trust & it's Portfolio Management.
    Jan 7, 2015. 03:36 AM | Likes Like |Link to Comment
  • Charlie Brown's List Of 10 REIT Gems Under $10 [View article]
    And once APT ramps up they may internalize Management ... it doesn't appear the quality of some of the sm cap portfolios merit the concern. Thanks for a concise review
    Jan 7, 2015. 03:30 AM | Likes Like |Link to Comment
  • Jennifer Warren Positions For 2015: Finding Energy Innovators And Problem Solvers [View article]
    Thank You Jennifer, another exceedingly comprehensive and well founded article. With every drop in the price of Oil, ETP just continues to return in price - given
    the distribution & metrics on these stocks in favorable mention & a watchful examination of quarterly reports, we're approaching, I'd agree additional accumulation.
    Jan 7, 2015. 03:12 AM | 3 Likes Like |Link to Comment
  • Is A Bullish 'Perfect Storm' Brewing In Treasury Bonds? [View article]
    ' I think that the market is sniffing out an economic slowdown in the US and a Global Recession '

    Commodities are down, not just Oil, Housing sales construction & prices stagnant - a significant catalysis driving increases in Manufactured Products, real Wage increases well behind rises in productivity, low Consumer Loan demand, a decade of war sapping funding of U.S. Infrastructure an the creation of hundreds of thousands of jobs. A failed Political Agenda versus national economic interests cycling the money supply into non productive enterprise, if so generalized a statement permitted ..
    Where is the catalyst for inflation, the necessity for an increase in interest rates at this point. Less than 2 percent economic growth, a strong Dollar, an E.U. coming apart at the seams.

    Another excellent article.
    I would agree w your opinion H.C. and Apartment REITS are a far better substitute than bonds given their growth & income versus the spread in interest rates, though imperfect. Likely to continue to perform well even if a fractional increase in rates, certainly in context with your thesis.

    Jan 7, 2015. 02:45 AM | Likes Like |Link to Comment
  • Reaching A Price Target For Independence Realty Trust [View article]
    IRT shares climbed to 9.50 in early trading today, lost .24 cents and regaining their upward momentum following the RAS news.
    Jan 6, 2015. 01:21 PM | Likes Like |Link to Comment
  • Reaching A Price Target For Independence Realty Trust [View article]
    RAS has ( non ) controlling interest in IRT and only collects the management advisory fees thoroughly uncovered within this Article.

    Their divesture from Taberna has no impact on Independence Reality Trust, the loss of income from Taberna to be reflected in the price of RAS shares alone.
    I rather suspect if anything a potential separation ultimately occurs in the best interests of RAS's investment in IRT as managers. 23 % places them squarely in interest as shareholders, otherwise mute.

    Awaiting 4th Quarter Earning's Report, it is expected IRT revenues to be up substantially following the previous acquisitions closures within the 3rd Quarter and into 2015, enhancing coverage of distributions.
    The actions regarding RAS are fully disclosed within the SEC report and have nothing to do w IRT
    Jan 6, 2015. 01:12 PM | Likes Like |Link to Comment
  • Reaching A Price Target For Independence Realty Trust [View article]
    They don't have Site Managers - a Rental Office
    Jan 6, 2015. 04:45 AM | 1 Like Like |Link to Comment
  • Reaching A Price Target For Independence Realty Trust [View article]
    I would strongly agree regarding the comparison to UDR or coastal properties, which struck me as apples to oranges as well as inconsiderate of IRT's inherent growth rate under acquisitions of the selective properties in question - but not as much as the difference in comparative management fees regarding Malls versus Apartments ? ( we also manage residential communities ) the complexes which IRT hold do not require, nor as much as discovered, are not all site managed, rather maintained under vendor contracts through regional offices, reflected in gross expenses. And as you pointed out the management fees in question are not unreasonably applied, their interests are indeed one in the same given RAS percentage of ownership.
    The communities themselves ( importantly ) are well maintained, highly attractive w excellent tenant retention & percentage of leased units as regionally productive

    It ( is ) a bit early to convey w any further convictions other than the established track record to date, which has fallen well within recited goals as discussed within the previous Article, growth has been cautiously aggressive, exceedingly well managed, the distribution well secured and given the margins a share price of 10.50 would hardly reflect a premium, rather, a strong buy.
    True, in this market investors are seeking the security of growth & income - in recent down drafts ' the babies ' were washed out in favor of reits which were up while everyone else took a hell of a beating & interest rates which are likely to remain far more cautious of deflation than inflation ( Fed speak ) .. you can put that bit in for under 9, betcha you won't see it.

    The Article dug in on IRT with a vengeance. Excellent research in support of it's overweight rating.
    Jan 6, 2015. 04:30 AM | 1 Like Like |Link to Comment
  • PPL Corp. To Reward Investors In 2015 [View article]
    Yes. The Downgrade is concerning - Jefferies claim the spin off is already priced into the shares may well be the case given it's previous move up.

    While the dividend is fairly generous versus alternative Utilities it's Total Return on any expectation of capital gains would appear to be rather flat through 2016 -2017. The 4.20 percent yield should provide the stock remain reasonably stable on Market Sell Offs, but Despite the comparative 2% 10 yr. Treasury rate the stock ( did ) sell off rather severely today on increased volume - countering any expectations of price stability inherent of yield.
    Debt is certain to increase on the new projects build-out, doubtless minimizing dividend increases before 2018 and it's equally questionable weather or not focusing on regulated markets insures anything but rate increase restriction, although insuring base rates.
    Jefferies call in reexamination & rating assignment may prove to be more cautionary than perceived in anticipation of flat growth ( and ) minimal increases in potential dividends over the next 3 years.
    The intention would appear to be - ' Hold ' if your into the stock below about 32 but ( not ) a buy at current price. It would be difficult to debate otherwise and only as an Income. The Article is a bit enthusiastic otherwise.
    Jan 5, 2015. 06:46 PM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Crude Rises Following Steep Slide [View article]
    I'm not pro smoking by any means, but CVS Stores are deliberately located nearer residential neighborhood strip malls convenient to quick purchase shopping of home products, milk, bread, household supplies, off the shelf medicines, wines, beer & formally tobacco products - as well as Pharmacy.

    In speaking w Store Managers, the percentage loss of business is dramatic w customers who do smoke now vacillating to Walgreen & nearby Rite Aid stores. The quote was 'this is the stupidest marketing campaign ever created'
    ... Tobacco sales were substantial & linked to purchases of other merchandise. Their removal has caused a definite loss of business I suspect will show up in 4th Quarter earnings - the beneficiaries being Rite Aid and Walgreen's.
    I would stay away from the stock at least until a loss of sales is determined, or not.
    Jan 3, 2015. 02:59 AM | Likes Like |Link to Comment
  • 2015 Outlook And Picks [View article]
    An exceptionally insightful & comprehensive presentation Philip, underscored by a reality check of economic qualitative's in standing ...
    If anything, quite possibly conservative concerning both 2014 earnings graduating into higher market valuations and selective sector growth into 2015, a very cautious Fed ( apparently your reading their announced positions, not inventing scenarios ) although doubtful we'll realize more than a fractional increase in interest rates more likely capped at 50 pts. than 75, a continued strong Dollar based global economy and hardly as severe a drop in oil prices as commonly predicted - your logic accepted. I seriously doubt you'll wipe much egg off your face, than placing a 2nd order.

    Excellent analysis of HPT, LXP & Goggle as evaluated. Capital always seeks the highest return on investment - investors will still seek a higher yield than Treasuries in 2015, these selections offer strong potential total return, growth in earnings, yield and a wide moat within their existing enterprise and valuations continue to provide a solid buying opportunity. Select sector REITS will continue to do well. It's refreshing to read a thesis on S&A containing a factual bases Why the market and economy can continue to perform unscathed by growth and interest rates. Most of your readers appear to agree, 2016 - 2017.
    Jan 2, 2015. 03:32 AM | Likes Like |Link to Comment
  • Waiting Patiently For A Wide Moat REIT Bargain [View article]
    Wednesday's drop on most of the REITS followed .. occurred on low volume late in the day, after some days of price run-up - typical of profit taking an changes in holdings, not a dramatic sell off.
    Jan 2, 2015. 01:27 AM | 1 Like Like |Link to Comment
  • Healthcare REITs Risk Report: Caution Merited [View article]
    As I view the article in presentation of the 3 large cap H.C. REITS in mention (and) speculation concerning rising rates as framed within the context of comparative yield on the 10 yr. treasury, you (may) have accomplished a valid concern versus an average 4 percent yield - if the 10 year were to rise towards nearer 3 percent, which must include every other comparative dividend stock, not simply limited to H.C. REITS alone & certainly not Health Care REITS across the spectrum.
    Yet, the Title screams an Alert, 'HEALTHCARE REITS REPORT, CAUTION MERITED'

    Assuming nothing, but for the Fed's clearly defined intention of potential 'fractional increases in interest rates', entirely dependent upon core inflation, I should think the Title a bit extreme. The share prices on HCN, VTR, HCP, or O have advanced to heights creating a lower comparative yield versus (other) H.C. REITS, that's all, with investors willing to pay those share prices in exchange for a secure, confident and reliable distribution. If growth of earnings & dividend increases do not keep pace with increases in rates it's agreeable share prices will adjust. Investors aren't ignorant of that fact and depending upon the price originally paid they may decide holding those positions & accumulating more shares at a lower price beneficial of reliable core holdings.
    I don't own these stocks, we're committed to higher growth & yield within the sector.

    At the present time, searching out sm to mid cap H.C. REITS w an ability to advance higher growth an earnings with higher yields (mentioned within the article) would be advantageous regarding concerns of fractional increases, if any, in 2015 interest rates, not panic in advance of an unknown and selling an entire portfolio.
    Henceforth, every prediction of increased rates & inflation have been wrong, extensively relating to global economics an the Dollar. But it's more complicated than that.
    Commodity prices are down dramatically, consumer credit demands low, housing prices stubbornly idle versus extreme increases in rents, employment & wage increases relatively stagnant - the CPI Index stuck on the needle. The Health Care Industry booming - hospitals, acute care facilities, assisted living, medical offices and like being built in every major metropolitan area.

    You are correct however, it ( will ) take significant earnings increases in Large Cap H.C. REITS to move dividends in pace w higher than (fractional) increases in interest rates. The price of shares of the 3 REITS in mention are not a cause for panic among Health Care REITS.
    Dec 31, 2014. 07:15 PM | Likes Like |Link to Comment