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  • American Apparel: Still Very Overpriced [View article]
    I see that I had a 20.51% gain since 8/8, however, since I do not buy and sell, I will just let it sit and look at it again now and then, for such high risk gambles, I expect no less than 100% gains to be considered as success. Thanks for comments and useful info.
    Aug 22, 2014. 01:07 PM | Likes Like |Link to Comment
  • Strength In ARMOUR Residential REIT's Portfolio - May 2014 SEC Filing [View article]
    Reaper certainly made my day better, we both share exact same holding and (potential) loss, except now I am very jealous about his $17,000 div received, vs $12,130 I got so far. That is totally not fair, I am not going to leave any tip for the bartender.

    There are dozens of other better issues than ARR but paying same high div. My suggestion is stay away from ARR.
    Aug 13, 2014. 06:46 PM | 1 Like Like |Link to Comment
  • American Apparel: Still Very Overpriced [View article]
    The messenger of bad news is far more important than all the people who always agree with the boss. There are times one must do what must do regardless of the hopeless nature of the missions, this is not that but IMHO a very small portion of the investment maybe made on irrational illogical gut feeling gambles, otherwise there is no fun, such was the case in 2008-2009 when all hope was lost. Your excellent reviews were vitally informative in my decision, in buying 1,000 shares vs 10,000 shares. Thanks to you, the moment I clicked BUY, mentally I wrote off that money as loss, as I did often in 2008-2009, but luckily the world did not end.
    Aug 10, 2014. 06:18 PM | Likes Like |Link to Comment
  • Strength In ARMOUR Residential REIT's Portfolio - May 2014 SEC Filing [View article]
    ARR is my lone big loser in my portfolio, I paid $62,000 @ 9,200 shares. Unrealized loss of $23,000 and received $12,000 in dividends, since Jan 2012. A net unrealized loss of $11,000. I do not expect price to recover, but I sit on it to wait for dividends to recover the losses, or at least most of the losses. I have read all the previous Seeking Alpha articles before and after, all B.S., regardless how sincere, smart, wise or how much time spent they maybe.

    No complain, it is a casino and I have been in this casino for decades. Knowing what I know now, of course I'd not have bought ARR. But now I am stuck in this lousy bar, I am going to drink as much as I can to get most of my money's worth.

    At least the nonstop dropping in price seems ended. My last addition was Aug 2013 below $4, which was a bottom, as long it stays above $4, I will wait for dividends to come back to Papa.
    Aug 8, 2014. 06:09 PM | 2 Likes Like |Link to Comment
  • American Apparel: Still Very Overpriced [View article]
    Excellent article, I agree 100%, thanks. My son in the Marine Corp says their uniforms used to be made by APP, but not anymore, guess they lost the contract. Everything you said are right, but myself and my son both bought APP today @0.87. It is a pure gamble, better odds than casino, the whole stock market is a casino. The emotion factor is Made in USA, same reason why I served in the military and why my son is in the Marine Corp despite better pay outside. There should be no emotion in investment, but somehow we could not resist the opportunity, if and when we lose the APP money, we went in eyes wide open.
    Aug 8, 2014. 01:24 PM | 2 Likes Like |Link to Comment
  • Strength In ARMOUR Residential REIT's Portfolio - May 2014 SEC Filing [View article]
    I paid $86,000 for ARR thru the past 2-3 years, I lost $32,000 (have not sold), I got $17,000 in dividends. If I have to do it again, no way, I'd not buy ARR.
    Now I am here, I stay and hope eventually I will collect enough dividends to break even.
    Bad news, ARR kept on cutting div., and price will again drop when they cut div.
    Good news is $17,000 div is real money I got. $32,000 loss is not a loss yet because I have not sold.
    It feels like a casino table. If I am lucky, I may get most of my money back, but I do not expect to make any profit.
    If you don't have ARR, don't. There are safer bets out there, this one is not worth it.
    Jun 3, 2014. 07:05 PM | 3 Likes Like |Link to Comment
  • How To Trade The 8% Yielding Alpine Total Fund Before It Splits And Raises Its Payout [View article]
    I bought AOD exactly 1 year ago (1/22/13), it paid 6.97% div and gained 8.57% in price in 1 year. I read SA articles before so I wasn't expecting much. Chasing div. is a crazy idea all of us thought about at some point and wonder if it works, even if it just a fleeting thought. I thought talk is cheap, let me throw some money in it and see what happens, the concept deserves a tiny % of my asset I can afford to lose. So far, nothing exciting, but relatively stable. It is one of those holdings one forgets what it does or why you bought it.
    Jan 22, 2014. 01:49 AM | Likes Like |Link to Comment
  • Teekay Tankers Ltd. - An Alternative Analysis [View article]
    I forgot all about Teekay, accidentally saw the msg here, found my TNK increased 45% (Feb and April 2013). The dividend is quite small, I thought I was buying a dividend play, guess I was wrong. I usually buy and forget, I wonder if TNK is one to hold for years?
    Dec 25, 2013. 03:48 AM | 1 Like Like |Link to Comment
  • Far Oversold, 15.1% Dividend Payer Armour Residential REIT Is A Buy [View article]
    I never receive any K-1 from ARR or any of the mREITs.
    May 28, 2013. 01:42 PM | 1 Like Like |Link to Comment
  • Tim Cook's Improbable Victory In Washington [View article]
    If our Gov't takes in more taxes and use it exclusively to pay down debt, fine, I can live with that. But all it does is to spend every penny it gets plus more debt, it simply cannot stop.

    Let Apple keep the money, I may not be an Apple fan, but I trust it more than I trust Washington DC.
    May 22, 2013. 04:53 PM | 1 Like Like |Link to Comment
  • Silver Bay Realty Trust - A Business Model Doomed To Fail [View article]
    Of course you may forgot when the real estate was in the tank for 5 years, nobody would buy any house at any price, every city has 100s of 1,000s or empty or foreclosed houses. Some local investors started buying them in groups, doing exactly the same thing, all city governments loved and needed them. That is free enterprise coming to the rescue.

    As article and all the comments above showed, there is great deal of risks, and takes a lot of management and money at whatever %. Low rate is more than justified to the risks and what they can do for your city specifically.

    Depending on your local foreclosure and RE condition, maybe you should be thankful for the REITs buying RE in your town. If nothing else, it shows they have confidence in your town and in your house.

    If it is successful, they should be handsomely rewarded, that "THEY" is you and me, not invisible evil rich guys, it is YOU.
    Apr 29, 2013. 02:53 PM | 1 Like Like |Link to Comment
  • Silver Bay Realty Trust - A Business Model Doomed To Fail [View article]
    I can understand managing rental SFH is complicated and may not be profitable long term as it is messy for a large corp, but the whole point from the start is based on the low REO property cost, old fashion buy low sell high. I assume rental is mainly the holding period, use rent income to support keeping and managing the properties until they can be sold at profit. This article totally missed this main focus and assumes RE will not appreciate in the coming years, which does not reflect the reality or the long term RE history.
    Apr 25, 2013. 12:10 PM | 1 Like Like |Link to Comment
  • Apple: Quit Whining About Tim Cook [View article]
    Was Jobs arrogant? is Larry Ellison arrogant? you name the big shots who change the commerce and industry, all arrogant as**oles, that is the way it got to be. Of course I am not joking, where were you in the last 100 years? There is no place for nice guys at the top, nice guys work for arrogant bosses. I want to make money with Apple stocks, I don't want nice guys which are a dime a dozen.

    Wait a year or 2. Cook will not last, they are looking for someone.
    Apr 25, 2013. 02:27 AM | Likes Like |Link to Comment
  • Apple: Quit Whining About Tim Cook [View article]
    I read Cook's interview with Business Week months ago, I don't remember anything he said, nothing significant, except I only remember one thing, he REPEATLY said how great his team is, again and again. So, he is a nice guy, a nice manager. He spent more time try to impress his staff then anyone else, he is not arrogant which means he is not confident. He is like my general manager, he does everything he should do very well, I can leave for weeks without worrying about anything, but I know he is not a top leader, he cannot lead a business, he does not step out of bound, he does not innovate. Cook is a manager, a vital person to handle things for the boss. Cook is not a boss, he doesn't have the brain nor character to innovate..
    Apr 23, 2013. 03:51 PM | 6 Likes Like |Link to Comment
  • Apple's Story: Only The Beginning? [View article]
    I always have solid confidence in Apple, more specifically in Steve Jobs, I bougth Apple stock in 1987. I am not sure about Cook, everyday good manager, never going to be a legend. But all ok. Until 2 days ago when I saw a picture of a cheap Chinese phone that looks almost exactly like an iPhone, this is not a no name cheap copy, but a famous Chinese branded phone with nationwide distribution, at 1/4 the iPhone price, made by the same supplier to Apple. My gut feeling is Apple's China market will be mostly gone.

    Samsung copied most but they don't look exact same as iPhone, this new one is identical. On my business trip to China, people everywhere have iPhone, it is a status symbol, for usage, no need to pay triple price for Apple.
    Apr 12, 2013. 04:32 PM | Likes Like |Link to Comment
COMMENTS STATS
139 Comments
142 Likes