Rudester

Rudester
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  • American Realty Capital down more than 30% as downgrades roll in  [View news story]
    I listened to the replay of the investor's conference they put together today. The two main errors do not result in a cumulative drop in AFFO going forward, they are one time events. They resulted in an expense item being booked in the wrong quarter and an error in not removing the number of controlling shares from total shares, when computing AFFO per share.

    Heads have rolled and humble pie has been eaten in copious quantities. I think they'll be a better company for that and suspect their credit rating will be restored in a week or so.

    Long ARCP and O.
    Oct 29, 2014. 06:42 PM | 2 Likes Like |Link to Comment
  • Money flows into Realty Income and National Retail as American Realty crumbles  [View news story]
    Listened to the investor conference replay today. They made a mistake in putting in the AFFO adders in that they didn't back out the number of controlling interest shares and booking an expense item in the wrong quarter. The errors are not cumulative going forward. They are one time only. Heads have rolled and they've eaten some humble pie. I think the accounting errors are disproportionally small compared to the share price movement and the stock will bounce back as people become aware of the details. Added a couple of hundred shares this morning.

    Long ARCP and O.
    Oct 29, 2014. 06:34 PM | 1 Like Like |Link to Comment
  • Amid panic selling, American Realty Capital sets 3 PM ET conference call  [View news story]
    Listened to the replay. No glitches on that one. It didn't sound like to large a hit. Most of it was a one time adjustment that doesn't carry forward into future quarters.

    All in all, I think they have learned a lesson (the hard way) that will make it a better company in the future.
    Oct 29, 2014. 06:24 PM | 1 Like Like |Link to Comment
  • What Do You Do If Share Prices Drop 20%?  [View article]
    We are seeing a good example today with ARCP. Any buyers today, or all sellers?
    Oct 29, 2014. 11:57 AM | 1 Like Like |Link to Comment
  • Disaster Strikes For American Realty Capital Properties  [View article]
    I bought some more today. The price was too good not to.
    Oct 29, 2014. 11:52 AM | 3 Likes Like |Link to Comment
  • Accounting issues at American Realty Capital; heads roll  [View news story]
    The stock is getting hit hard this morning. It's an over reaction. Might be a good time to add some.
    Oct 29, 2014. 10:32 AM | 1 Like Like |Link to Comment
  • Top- And Bottom-Performing Dividend Stocks Through September  [View article]
    D4L,

    I have owned RTN in a parallel universe, in which it hasn't returned -45.35% during 2014. Maybe it's one of those "short-term anomalies" you alluded to in the article?
    Oct 28, 2014. 10:27 PM | Likes Like |Link to Comment
  • Mattel: The Once And Future King  [View article]
    This debacle didn't happen overnight. MAT's management needs to be taken to the woodshed. I better not see a lavish package for Bryan Stockton and his management on the next proxy statement.
    Oct 28, 2014. 11:49 AM | 1 Like Like |Link to Comment
  • Why Retirement Income Now Costs More  [View article]
    Not a problem Joe.

    Before I went "all in" on equities, I "capitalized" my pension and Social Security to see what their "fixed income equivalent" was (for this exercise I assumed Soc Sec had no COLA component). I took the monthly sum of the two and checked into what size immediate annuity I would need to purchase to generate that cash flow. That amount is basically my synthetic fixed income investment component.
    Oct 27, 2014. 08:28 PM | 4 Likes Like |Link to Comment
  • More on Omega Healthcare Investors Q3 results  [View news story]
    Splendid!
    Oct 27, 2014. 07:54 PM | 1 Like Like |Link to Comment
  • Why Retirement Income Now Costs More  [View article]
    You are right, I said that wrong. I started writing, including bond funds, then I saw my response was getting too complicated and decided to take the bond funds part out. Alas, I screwed it up.
    Oct 27, 2014. 10:41 AM | Likes Like |Link to Comment
  • Why Retirement Income Now Costs More  [View article]
    Like David, I am also a dividend growth investor. I do not have any fixed income investments besides my pension and my COLA adjusted Social Security.

    If interest rates rise too fast, it will certainly have a deleterious effect in my invested principal, but it will be a temporary paper loss as further dividend increases will have a positive effect in the stock prices. Bonds on the other hand, will have a permanent loss in value so when the bond matures, I'll get less than face value. In all fairness, when I reinvest in new bonds, their higher interests will compensate for most of the losses suffered when the previous bonds matured at a lower price so my income stream continues at about what it was. Note however that the income stream did not keep up with inflation. The new bond interest was higher, but because the previous bonds lost value, I was not able to reinvest in as many bonds as before.
    Oct 27, 2014. 12:37 AM | 1 Like Like |Link to Comment
  • Kimberly-Clark Reported 3rd Quarter Earnings That Beat Expectations  [View article]
    This article does not compute.

    I started a –now full position– in KMB in 2011. The position now has an unrealized capital appreciation of 35.8% and it has rewarded me with over $2000 in dividends.

    Long KMB.
    Oct 25, 2014. 08:18 PM | Likes Like |Link to Comment
  • Dollar Strength Does Not Bode Well For Boeing  [View article]
    The currency is but a temporary situation. I dare say, it will provide an excellent opportunity to establish a position in a great company.
    Oct 24, 2014. 08:58 PM | 1 Like Like |Link to Comment
  • Pfizer stock buyback dims prospects of AstraZeneca bid  [View news story]
    They should have increased the dividends with that money instead.
    Oct 24, 2014. 11:46 AM | Likes Like |Link to Comment
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