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  • Mortgage REITs lower amid higher rates [View news story]
    Truly a sad commentary. The FED isn't going to reduce or increase rates for 6+ months. More than enough time for the whole Reit sector to guesstimate the approximate change and make seasoned and thoughtful portfolio adjustments and to modify their hedging. When the Fed increases rates it will likely be spread almost immediately across the short term and long term instruments in a relatively equal proportion thus keeping the spread fairly constant. This is just more stupid sucker, panic selling. I trust that the management teams of my various mReits, BDCs, etc. have the knowledge and experience to make the changes necessary to address the issue of slow, methodical rate changes. If you aren't of the same thought perhaps you have no business investing in these types of instruments.
    Sep 18, 2014. 01:55 PM | 16 Likes Like |Link to Comment
  • New FHFA rule would kick REITs out of FHLBs [View news story]
    Where the hell was the reporting on this by every major Brokerage in America for the past 1 and 1/2 hrs as these stocks dropped as much as 3%. Fidelity, Yahoo and many other so-called sources have yet to report this event as we the retail Investors watch Volumes double as the Bigboys dump and screw us over!

    The SEC should BUT WON'T Investigate why we have to hear it here 1st while they and the Big Boys make their $$ at our expense. F the SEC it's America's most useless Gov't Org. as far as the regular decent citizen is concerned.

    The big investors have been selling since minute one. the SEC is corrupt!
    Sep 2, 2014. 02:50 PM | 13 Likes Like |Link to Comment
  • Why I Sold Prospect Capital [View article]
    Why you sold your PSEC Shares? Because you hate fat Dividend Checks that push you into a higher tax bracket? Because you're covering your Shorts or got Called?
    Or perhaps because you're just not too bright? Whatever. You did notice that someone was waiting right there to gobble up your shares without any hesitation.
    Jun 19, 2014. 07:54 AM | 13 Likes Like |Link to Comment
  • Are Annaly Capital And mREITs Right For Seniors? [View article]
    Its best if the author knows the ins and outs of the subject matter he is spewing out. Likely he is or was making some great commissions steering the old and gullible into safe harbor investments like Annuities and Treasuries. As a senior myself, I can speak for myself when I say, mReits should definitely be a critical part of a seniors portfolio. This antiquated notion that seniors should never, ever touch principal is great if you're an heir but often does little to enhance the comfort, enjoyment or lifestyle of the aging. More often it negatively impacts them

    The so-called super safe investments have done nothing to protect the wealth of the elderly during the same period of time that the author alludes to in his commentary. Most seniors I know have a working brain stem and really don't need to be led around by some smooth talking pitchman making his money off the gullible or scared seniors (who scared them btw?) who they often try to play for fools.

    In short, are mReits for everyone? That depends, on the risk tolerance, the income needs, the education and willingness of the investor to become involved with the handling of his/her investments. But in this day and age, given the past decade of events, an uninformed investor is at the mercy of pitchmen, con-artists and slicksters and we read about these tragic stories nearly everyday. Become informed and involved my fellow senior investors. There are many free training and investment seminars available at/from respectable brokerage houses across the nation on a regular basis. There are also investment clubs, blogs and on-line training and educational tools. Please use them and rebel against these manipulators. Take charge of your Life and your Future.
    Sep 5, 2012. 07:54 AM | 12 Likes Like |Link to Comment
  • Prospect Capital Corp.'s Dividend And Net Asset Value Sustainability Analysis (Post Fiscal Q3 2014 Earnings) - Part 1 [View article]
    Holy Information Overload Batman!
    Eyes Spinning, Talking to myself and Wondering where I am!

    I can't begin to imagine how your back must feel after all this heavy Lifting with even more to come. Thx as always for your hard work on our behalf.
    Jun 16, 2014. 05:35 PM | 11 Likes Like |Link to Comment
  • Prospect Capital: The Lower Dividend Has Its Upside [View article]
    The only Upside I want to see is the Price of Shares Increasing to and above the NAV! Something that hasn't happened for months on end. Down some 20% on share prices and now a 25% cut in dividends all while management racks up an even bigger salary this year than last! F them! They Fd Us! Remember this next Proxy Vote and clear the BOD like you clean your gutters.
    Dec 9, 2014. 10:53 AM | 10 Likes Like |Link to Comment
  • Analyzing Prospect Capital Corp.'s Recently Restructured Control Investments And Its Impact On NII [View article]
    The only one behaving badly is you Mr. Buzz.
    You've certainly carried this little kerfluffle to the next level and beyond like a little penchant child. In short, you don't take criticism well.

    Since none of us are perfect and certainly the same is true for our predictions and calculations perhaps a little more humility and restraint might be warranted. Clearly better manners are.
    Sep 15, 2014. 09:23 AM | 10 Likes Like |Link to Comment
  • Prospect Capital: A Return To Form? [View article]
    Seems that those touting other BDCs are comparing small apples to those big 20 ouncers. PSEC's deals this year alone cover their entire portfolios. Nor do any recent commentary on their recommendations mention a superior management form or selection criteria. Yes all these BDCs need to be watched carefully since they tend to pay a lot out to those of us willing to take the risk. those of us in here at SA seem to stay on top of our investments and thus fare better than those that trust their broker or Company's 401k plan to do the work for them.
    Aug 19, 2014. 11:46 AM | 10 Likes Like |Link to Comment
  • Should I Invest In AT&T And Verizon For Their High Dividend Yields? [View article]
    When you have 20 or 30+ years before Retirement needs kick in then your outlook makes a little more sense. But if you are at, in or near retirement getting the most safe bang for the Buck should be the Goal and in that case T and VZ blow Coke, J&J and a host of other blue chip stocks out of the water and make far better sense. It is just a matter of perspective, income needs and ones actual time frame.
    Jul 28, 2014. 02:55 PM | 10 Likes Like |Link to Comment
  • AT&T: A Junk Bond In Equity Clothing [View article]
    Just another opinion noted and REJECTED!
    AT&T isn't going anywhere, that fat, secure Dividend isn't going anywhere and the Potential for Growth in pps is there and pretty much guaranteed over the long haul. For the retired person and those that are risk adverse it is a good source of income in a diversified Portfolio. To apply a label like Junk Bond upon AT&T shows the lack of knowledge of the author or just an outright bias against T itself.
    Jun 26, 2014. 11:01 AM | 10 Likes Like |Link to Comment
  • AT&T In Agreement To Buy DirecTV: Where Is The Value? [View article]
    Looks like there are two short sellers bashing the T today.
    They'll bash it and short it and then buy buy buy with their profits.
    There are days and weeks where this type of behavior just becomes boorish!
    This article itself is just a rehash of previous articles published here and elsewhere over the past week. Now while the author is entitled to his/her/its opinion Let's just remember that is all that it is.
    May 25, 2014. 11:51 AM | 10 Likes Like |Link to Comment
  • "Our goose is cooked," writes a mortgage trader, imagining a conversation at the trading desk of a pure GSE mREIT like Annaly (NLY). With MBS prices bid to all-time highs (thank you Fed) and refinances on the way up, mREITs face an ugly combination of lower yields and higher prepays. One solution: Unload their MBS at these high prices - tell the staff to take a long vacation - and wait for Bernanke to exit. [View news story]
    So the long awaited Sept Correction is underway and the Negative Nellies are out and about in force. The rate of return is still better than the blue chips and any of the MMs, CDs and US Treasuries. So Panic if you must, Those with Cash On Hand will profit.

    Lastly, ask yourselves how much of this is or could be due to maqrket manipulation by the Big Boys, the market makers who have had a Piss Poor Year and are looking to get into Reits and other high yielders so they can improve their overall ROR before the EOY, in order to do so they need lower prices. Your Panic sales will certainly help them out and allow them to claim better returns than they actually managed to pull off so they can justify their higher management fees from their sucker clientèle. This is kind of like that "imaginary Conversation that start this thread.
    Oct 10, 2012. 05:10 PM | 10 Likes Like |Link to Comment
  • Xerox Is A Cash Machine [View article]
    Unfortunately I live and have worked for - though not in the past 2 decades - Xerox. The current crop of senior management is every bit as inept as its predecessors. The fact that the blind monkey found a banana, the ACS acquisition in no way corrects its eyesight.

    You final comments, esp, setting the bar low for Xerox is on point. People have and should continue to set the bar low for the bunglers that rule at Xerox.

    I do not own and have not owned the shares of this disreputable company for over 20 years. May Joe Wilson RIP and stop rolling over in his grave.
    Apr 5, 2012. 09:28 AM | 9 Likes Like |Link to Comment
  • Examining Dividend Aristocrats: AT&T Approaching Value [View article]
    If you are already Retired like a few of us Boomers. T has a place in your Portfolio as it is better than most Bonds and will grow too. Don't go cray/cray but see it for what it is, a capital preserver and a conservative, dividend income source.
    Sep 5, 2014. 06:50 PM | 8 Likes Like |Link to Comment
  • Sucker Yield REITs: Does Annaly Capital Management Qualify? [View article]
    The only way to actually benefit from those lower paying less risky, value stocks is to sell them and pay taxes on them. While having a 10+% annual dividend return in your IRA is good source of steady income. Then there are the Preferred shares of the mReits as well that pay from 5-9% on the $25 issue price ( I personally hold 2 preferreds now paying 8.25 and a new one paying 8.75% - I traded up from the B-series to the new C series and bought below BV/issue price, while it was pre-market trading.)

    Clearly NLY and all mReits are NOT normally considered to be Buy and Hold Stocks, but in this case NLY has proven to be a good and steady income stream for those that did just that. Others would have been wiped out if they did the same with other mReit stocks. Thus constant monitoring and reading and research need to be done. Reading the many fine sources and points of view here at SA is a great way to keep up-to-date and to become better educated on the market in general and a particular sector or stock in particular.

    I have and continue to own mReits. I have and will continue to trading into and out of them as I deem necessary. They are a high maintenance sector and not for the faint of heart SWANs, though some of the preferred shares could be used to more safely augment their income needs as they tend to trade in a much more narrow band while providing above average returns.

    I do not now currently own NLY or AGNC the two big boys of the sector. I have owned both and profited both from the dividends and from selling the shares for gains. Since I need to boost my retirement funds, a good steady stream of income producing stocks has been my focus. There are no perfect stocks or companies out there. One bad executive decision can crumble the mightiest corporation quickly as both GM and HP have found out. So Thank you for your perspective on NLY, any and all information is good to know and can assist us in making better choices from the vast array of potential opportunities out there.
    Sep 5, 2014. 08:26 AM | 8 Likes Like |Link to Comment