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doughave

doughave
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  • Prospect Capital: Can The Rally Continue? [View article]
    13302632,

    I have a similar strategy although using more dividends stocks like NAT, ARCP, PPR, LNCO, FCT, CTF & SDRL to create a relatively diversified income portfolio using the leveraged part of the portfolio, I actually have about $5K per month in positive income from the trade and currently at least have net a gain the shares that comprise the income sub-portfolio. My large non income plays are TMV long (treasury short, ETFC long and SFY long).

    One of the reasons for doing this is to slowly build a set of long term income holdings that if done right grow their dividend and share prices over the next 5-10 years at which time I will have a very small trading position and largely income stocks and will not be dialed into the markets like I am.
    Jul 2 09:37 PM | Likes Like |Link to Comment
  • Prospect Capital: Can The Rally Continue? [View article]
    I get 1.5% at E*Trade, had to ask for it, have over $2mm there.
    Jul 2 09:12 PM | Likes Like |Link to Comment
  • Goldman eyeing online brokers as trading business disappears? [View news story]
    I don't believe it's going to be a big issue, there may be some more disclosures that you have to agree to as an investor and perhaps you can configure your account to trade at different pools or platforms. It's not a big deal.

    The only issue I see that has merit is a technology failure like what damaged Knight or the flash crash. Your typical investor does not trade that much and is not impaired materially.
    Jul 1 10:03 PM | 2 Likes Like |Link to Comment
  • Goldman eyeing online brokers as trading business disappears? [View news story]
    Sivbum,

    While HFT seems a bit shady having remember when a stock trade cost $200 and since I only trade at market in large cap shares I really don't see a how HFT is going to bring up a real consumer fraud issue.

    I'm wrong every once in awhile and maybe I am at this but just doesn't seem like it's going anywhere.

    ETFC getting bought in the 30s is where I am putting my money
    Jul 1 03:46 PM | 5 Likes Like |Link to Comment
  • Goldman eyeing online brokers as trading business disappears? [View news story]
    ETFC has a $7B+ legacy loan portfolio that is made it through the recession. Since their market cap is just over $6B seems like ETFC is an inexpensive entry into the online space.
    Jul 1 03:38 PM | 4 Likes Like |Link to Comment
  • Online brokers welcome low volatility [View news story]
    ETFC also has $7B in legacy mortgage loans that made it through the Great Recession.

    Anyone out there interested in doing an updated analysis of the loan portfolio?
    Jun 30 11:39 AM | 1 Like Like |Link to Comment
  • What Is Chen Selling? 1 Of His Tenbaggers. What Is Chen Buying? 2 Others With 10-Bagger Potential [View article]
    Love the analysis on SFY, of course I'm already long but may add to the position.
    Jun 27 10:31 PM | 1 Like Like |Link to Comment
  • Tobacco bonds deteriorating [View news story]
    These were likely municipal bond issues that were done based on a settlements, I was a bond trader in the 15 years ago when about every state did a bond issue linked to their settlement
    Jun 24 08:56 AM | 3 Likes Like |Link to Comment
  • New home sales plunge in March [View news story]
    Weather is not an issue here in San Diego. The issue is that prices went up too much too fast so buyers are rejecting the price increases.
    Apr 23 12:23 PM | 9 Likes Like |Link to Comment
  • New problem mortgage loan rates fell to 0.84% in March, according to Lender Processing Services (LPS), the first time below 1% since 2007 (it averaged 0.55% from 2000-2004). Negative equity is the key, says LPS' Herb Blecher, and it's falling fast thanks to rising prices. [View news story]
    Look ito ETFC, they own $10B in mortgages purchased pre-bubble, market cap for ETFC is only about $3B.
    May 6 02:54 PM | Likes Like |Link to Comment
  • Dish (DISH +0.1%) CEO Charlie Ergen responds in kind to SoftBank (SFTBF.PK) chief Masayoshi Son's caustic remarks, insisting Dish's bid for Sprint (S +0.4%) is superior and appealing to nationalism along the way. "We're offering a higher price ... We are an American company ... Operations command control will be in America. That's good for jobs." Ergen also argues SoftBank's Japanese corporate culture will lead to integration challenges. "If you have to lead tens of thousands of employees, culture matters." Of course, Son and SoftBank are often seen as mavericks in Japan. (more on Ergen[View news story]
    I vote for a bidding war
    May 2 07:09 PM | 1 Like Like |Link to Comment
  • Dish (DISH +0.1%) CEO Charlie Ergen responds in kind to SoftBank (SFTBF.PK) chief Masayoshi Son's caustic remarks, insisting Dish's bid for Sprint (S +0.4%) is superior and appealing to nationalism along the way. "We're offering a higher price ... We are an American company ... Operations command control will be in America. That's good for jobs." Ergen also argues SoftBank's Japanese corporate culture will lead to integration challenges. "If you have to lead tens of thousands of employees, culture matters." Of course, Son and SoftBank are often seen as mavericks in Japan. (more on Ergen[View news story]
    Increase the price, Sprint is still cheap even at $7.00 in terms of assets and upside.

    I'd rather see DISH end up with Sprint as I love the combo plan they would offer, it's much better for consumers.
    May 2 02:11 PM | Likes Like |Link to Comment
  • Citigroup's (C) reluctance to pare its mortgage assets at fire-sale prices could pay off, says KBW, as it now stands to greatly benefit from rising home prices. It's a flow vs. stock argument as Citi - compared to WFC, JPM, or USB - does a relatively small amount of (now under profit-pressure) mortgage origination volume, but still has loads of questionable paper on its books. Also positioned to benefit is BAC[View news story]
    ETFC also has about $10B in seasoned loans on their books. Market cap for the entire company is just over $2.93B.
    Apr 29 10:29 AM | Likes Like |Link to Comment
  • Verizon Communications (VZ) has reportedly hired bank and legal advisers ahead of a possible $100B cash and stock bid to buy Vodafone's (VOD +1.3% in London) 45% stake in Verizon Wireless. Verizon Com, which reckons it can raise $50B from banks to help fund the deal, will structure its offer so that Vodafone's tax bill would be $5B rather than a possible $20B. [View news story]
    I don't get why Sprint is worth only $21.5B. Sprint is the last real option to be into wireless.
    Apr 25 09:51 AM | Likes Like |Link to Comment
  • E-Trade: Don't Throw The Baby Out With The Bathwater [View article]
    While this article is now a year old it's safe to say that the underlying value of the homes related to the loans have easily come back in value from 10-25% given the significant rally in real estate. Not only does this give the loans better security you have to believe the people that have been paying all this time are even more likely to keep paying considering the are much better off today than they were a year ago.
    Jan 19 03:35 PM | Likes Like |Link to Comment
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