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  • Monthly Pay Dividend Dogs: February Stocks Vs. Funds And Trusts [View article]
    If you are paying 12% discount for a fund, that does not mean you get a bargain, because these funds tend to always sell at a discount to NAV. What is right or wrong by your judgement does not count, with all due respect, you can spread the word as much as you want, it does not matter, there many far bigger forces at work, collectively. A Rolex or a Mercedes or Prius get premium resale value no matter what, regardless if you like Rolex or Mercedes or not.

    It is however useful in making judgement or guesses if that fund can maintain the dividend, just maybe. Things most often don't turn out the way we think it should.
    Mar 3 08:07 PM | Likes Like |Link to Comment
  • This mREIT Is Best Positioned Despite EPS Miss [View article]
    So, the bottomline is we don't know. Can you imagine ARR at $5.25? or $4.50? or $3.50? yes, I can. I have seen it many times with others. it is always something totally unexpected and each time there is a completely different reason.

    It is a gamble. The only thing different is the high yield which builds a pillow, the longer you hold it the bigger the pillow to ease the pain and in almost all cases of hi-yield CEFs I have, pillow is bigger than the loss. It is a race against time.

    Since I don't know what will happen, I buy as many high-yields as possible, 30+, CEFs, REITs. Each spend no more than 5-10 minutes reading about them, winners covered the losers, but div is real.
    Mar 3 01:37 PM | Likes Like |Link to Comment
  • This mREIT Is Best Positioned Despite EPS Miss [View article]
    I intentionally kept 2 small position of blue chip stocks in my portfolio to remind me Blue Chips are not safe.
    GE June 2000, bought @ $54, now $23.19.
    MSFT 4/5/2000 @$43, 4/26 $34.68, now $27.95.
    13 years later. received 18%-19% div. ave about 1.3%-1.5% annual div rate.

    You can see MSFT 4/26 buy of $34 was catching falling knife.
    It doesn't get any safer than GE, right? buy and hold, right?
    Once sold, I forget, so I keep them there for me to see them each time I look at my portfolio on Quicken, so I do not repeat the same mistake.
    Mar 3 01:24 PM | 1 Like Like |Link to Comment
  • Equity CEFs: No Rotation In The Allianz/PIMCO Funds [View article]
    Thanks for article, not many article about pimco funds, I read, I understood but I don't remember; so when I read about a stock/cef, I make instant decisions, Buy, Hold, Sell. If I wait, I forget. I also avoid getting too deep into any issue, I am not capable of handling too much data that is not related to my business, "Do not confuse me with facts!"

    I had 4,000 shares PHK. Started Aug 2010. At that time I basically bought every Pimco funds I could find.
    Sold 3,500 June 2012, kept 500. Within price range $13-$14, currently $12.15.
    In 2 years, I collected $6,727 div, lost $1211 in selling, net gains $5516.
    PHK was a good investment, not best, but good. My focus is always on dividends, as defense to protect principal.

    My benchmark is 0.01%, bank interest rate, anything I get above 0.01% is victory.
    My wife, my mother, mother-in-law and most people I know keep 100% cash in banks, I do too, but not 100%.
    If I get 0.02% returns in the market, I make 100% more.
    (Whatever you do, do not tell your mother-in-law you have better ways to get more returns for her money.)

    In stead of a professional for 2% annual fees, I hired a monkey, first benefit, he is free, that is 2% gain. What the monkey does is throw 24-36 darts at whatever high yield CEFs I found on SA, I buy whatever monkey hits. Since I am also the monkey, monkey hits everyone I picked, that is a lucky sign.

    My monkey has been very good in making dividends and not losing money.
    Mar 2 07:34 PM | Likes Like |Link to Comment
  • Equity CEFs: The Insanity Of CEF Investors Revisited [View article]
    I owned PGP from Aug 2010 @ $20-$21.50x1000 add 1000 summer 2011 @ $23-$25. Sold in summer 2012 when I needed to gather $2mm cash for a home purchase. In 2 years, I made $6459 in div. lost $4800 in sales. net gain $1656, on total $45K invest. 3.68%. Not good, but not bad, as my #1 goal is always: "Don't lose money."

    Not good timing in entry and exit, PGP price went higher few months after i sold, but to a retail investor, timing is not something I can control. I add when I have extra cash, I sold when I need cash.
    Mar 2 04:34 PM | Likes Like |Link to Comment
  • This mREIT Is Best Positioned Despite EPS Miss [View article]
    1- I shifted my invest. to hi yield bond CEFs starting 2003, 6%-8%, after 10 yrs and great reccession, I know they are safe, div did not drop and all prices recovered fully.

    2- I am new to 10%+ div and REIT area, only 1 year, to me, that is high risk and unproven, thus I am watching them, I am not convinced yet. Too good to be true.

    3- It is risky to add falling knife, but unlike reg stocks, these pay high div. div collected built my defense wall to achieve my No.1 goal: Don't lose money. i.e., I am happy as long as div covers my loss.

    4- Everything I read about ARR is good, and I believe in real estate recovery to last 4-5 years. Trust but varify, it is not yet varified.

    5- But if ARR falls to $6.25, I'll have $11,000 loss ($7.25 ave cost), less $6549 div rcvd, that will be very painful. @ $5.25, I'll have $22K loss, I don't think I'll have the guts to add more, by that point, my confidence will be badly shakened.

    6- For now, ARR is in the "Too Good To Be True" category.
    Mar 2 03:04 PM | 1 Like Like |Link to Comment
  • This mREIT Is Best Positioned Despite EPS Miss [View article]
    I have ARR since Dec 2011, 14 months, collected $6,549 dividends. If only I have a crystal ball to tell me this is absolutely safe, I'd put all my money in it to collect dividends, but of course I won't.

    Have been adding at $6.50, will buy more if it falls below $6 range, my ave cost is $7.25, as I added more in Sept/Oct 2012 when it was $7.60, the div drop pushed it below $7. I need to lower the ave cost, if and when it gets above $7, sell the original high entry ones. So far, the div collected protected my investment, it is a race against time to build up the div as defense. $880 monthly div is an excellent return for these 11,000 shares.
    Mar 2 04:02 AM | 1 Like Like |Link to Comment
  • Office DeMaxpot - 2 Is Not Twice As Good [View article]
    That was common knowledge, everybody knew, no need to read old news again, No.1 buying No.2. Time has changed, and now is with struggling No.2 and No.3. Nothing is impossible. In fact, case can be made that the merger can prevent No.1 becoming a monopoly. Marketplace changes rapidly, your brain need to change with it.
    Mar 1 01:18 PM | Likes Like |Link to Comment
  • Office DeMaxpot - 2 Is Not Twice As Good [View article]
    What is a monopoly? how can you have a monopoly with Staples being there? it is a case of survival.

    The combined new entity had total revenue of $18.6B compared to $24.5B for Staples at the end of 2011.
    Feb 28 11:35 PM | Likes Like |Link to Comment
  • Office DeMaxpot - 2 Is Not Twice As Good [View article]
    Not everyone can be No.1, being No.2 is not bad at all. Except there are only 2, so No.2 is a guaranteed spot. People often forget, even No.2 is huge by any measure. Unlike Circuit City, boring office products is more stable than BBY, ODP most likely will be there down the road, and as long as it is profitable, it is okay.

    I bought 2,000 shares @ $1.80, put them away and forgot about them. Looks like I can hang onto to them for a few more years. I don't love ODP, I am only in it for the money.

    I was a C student, luckily my teacher did not constantly compare me to the No.1 student. No.1 student got a Physic PhD from Princeton, got laid off in his 50s, too expensive than young kids, same story with No.2 to 5, companies love to lay off 50 years old PhDs. Sometimes, being No.30 is not that bad.
    Feb 28 11:05 PM | 1 Like Like |Link to Comment
  • Pengrowth Energy: A 53% Discount To Book Value Plus A 12% Yield [View article]
    Even when the demand was high, PGH was dropping? why?

    Saratogahawk, how have all other Canadian oil stocks been doing? do they all have the same downhill skier charts as PGH? or is it just PGH?
    I always love to buy oil stocks, I drive a Hummer for 10+ years, oil stocks gains paid for my gas, free gas, 100,000 MPG.

    Didn't I read somewhere Canada said it will not allow China to buy any more Canadian oil operators. If that is true, no sugar daddy.
    Feb 28 09:00 PM | 1 Like Like |Link to Comment
  • Pengrowth Energy: A 53% Discount To Book Value Plus A 12% Yield [View article]
    I didn't know Chinese invented that too, I thought they invented Enhanced Interrogation Technics, Chinese water Torture.

    Monkey see monkey do, I read "Death by 1,000s" on SA board a few times, have been wiating for a chance to use it.
    Feb 28 04:03 PM | Likes Like |Link to Comment
  • Pengrowth Energy: A 53% Discount To Book Value Plus A 12% Yield [View article]
    Nobody knows why it does so badly. Everything they do and got makes sense, yet it drops nonstop.

    Sell to take the tax loss, if you still think it is a good gamble, buy back one month later at lower cost, but chances are you won't. There are many more tables and machines in this casino.

    Maybe the only thing that keeps it above $4 is the dividends, that is why they pay such high div, once it is cut, the stock will moved to next $3 floor, later $2 floor. Typical old fashion death by 1,000 cuts. But I could be wrong?
    Feb 28 03:32 PM | 1 Like Like |Link to Comment
  • Pengrowth Energy: A 53% Discount To Book Value Plus A 12% Yield [View article]
    To me, stock market is a casino I am forced to play in, we all have money we have to put in places to make returns. I hang onto losers and hope for miracle, as all retail investors do, they rarely come back. For me, it is like walking away from a table I am losing some money, or stay at that table and hope my luck turns. I look at this chart like I am looking at the dealer, and decided I better take $500 loss now and walk away. I just decided I am 20% wrong, 80% right to walk away. I am new to PGH, so I can afford to do that, and I have no emotional attachment to PGH. We all have big winners, it is the losers I cannot control nor predict, it is playing "Defense".

    I emailed my 2 sons in their early 20s, they also bought PGH in Jan, both also sold at market this morning. We can make the losses back from others, I am training them to dump losers fast.
    Feb 28 01:32 PM | Likes Like |Link to Comment
  • Pengrowth Energy: A 53% Discount To Book Value Plus A 12% Yield [View article]
    But you look at the stock chart of last 5 years, regardless of whatever, oil prices, light or heavy oil, spread, pipeline, etc..oil was up and then down, condition was good or bad, but it kept on going down, so that means market or business facts had nothing to do with stock going down. Even all the smart people here cannot understand it, author cannot figure it out either, despite all the facts he gathered.

    That means whatever will happen, oil goes up, pipeline gets made, sell this lot, will not push the price back up. In my experience, when a company like this is sold, the price will not be that much higher than market price, higher, but not double or triple.

    We all had losers, this bought back memory, but not sure exactly which or when, but I think I've seen his movie before. Sold all at market this morning. Thanks for the article, because I could not find anything recent on PGH to know more about the drop.
    Feb 28 12:50 PM | Likes Like |Link to Comment
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