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  • Investigating The Impact Of Consolidation On Seadrill's Fourth Quarter Results [View article]
    I did pass the CPA exam at one point in my life (a long time ago) and practiced as a Big Eight auditor 30 years ago. There is nothing going on here other than following the rules (whether you like them or not), probably 95% of the companies with more than 1 B in market cap have the same issues. This article is much ado about nothing and I did not find it helpful. I have over 100 K in SDRL so I care.
    May 9 10:28 AM | 8 Likes Like |Link to Comment
  • Five Below issues holiday results, cuts Q4 guidance; shares -11.1% AH [View news story]
    being retail this explanation makes sense to me and I expect to buy into this weakness.
    Jan 9 05:07 PM | 1 Like Like |Link to Comment
  • Cree: Society Has Yet To See The Light [View article]
    Additional to my previous comment, on multi-unit economics is that fact that the labor to maintain bulbs (change and replace bulbs for someone who pays maintenance laborers to do so) is a major cost not being considered. The much greater life of LED bulbs dramatically reduces this labor. In many commercial settings they simple replace all CFL bulbs at once rather than only those that are burned out/failing because the cost of labor dwarfs that cost of the bulbs.
    Sep 4 05:28 PM | 2 Likes Like |Link to Comment
  • Cree: Society Has Yet To See The Light [View article]
    Been a Cree investor for a number of years. Currently doing a little vacationing on the big Island of Hawaii. Electricity is expensive here. Stayed in a couple of places. Noted all bulbs were LED in the bigger multi-unit place and there were installing a large solar array as well (many homes here have been converted to solar). Interesting!

    As a counter point to the above comment that many low income consumers will not do the cost benefit thinking to choose the clear choice of LED over CFL, I would note than a majority of those low end consumers are renters, and this is a decision that for many of them will be made by their landlord.
    Sep 4 05:27 PM | 1 Like Like |Link to Comment
  • Latest BDC Rankings: Discounted At Last? [View article]
    Love your work, many thanks,

    long psec ainv ticc in an out of many others, my focus is hold and take the dividend, I do worry about sustainability with my high payout choices but take comfort in the what I perceive as overly harsh low valuations based on this well documented fear.

    I tend to always buy when stock drops on new offerings (typically below offering price) and really go deep when it drops below .9 Nav
    Jun 30 03:52 PM | Likes Like |Link to Comment
  • Prospect Capital (PSEC) puts more money into Florida real estate, closing a $76.5M debt and equity investment in The Resort - a multi-family residential community in Pembroke Pines. The investment brings the amount invested in APH Property Holdings to $151.6M. Total originations thus far this year are $1.4B vs. $3B for the 12 months ended March 31. (PR[View news story]
    Been long psec for 5 years, expect to for at least 3 more
    Jun 28 05:12 PM | Likes Like |Link to Comment
  • Mortgage-backed securities continue their tumble, the yield on Fannie Mae issuance up another 8 bps to a 20-month high of 3.29%. The "violent" reaction to the "moderate" shift in Fed message proves the market was "all-in" says TCW's Bryan Whalen. The slide in MBS prices eventually might make for great opportunities for mREITs (REM -3.9%), but for now book values may continue to deteriorate. American Capital (AGNC -4.8%), MTGE>>, Armour (ARR -3.9%), Invesco (IVR -4.4%), New York Mortgage (NYMT -5.1%), Apollo (AMTG -4.8%), Javelin (JMI -4.7%). [View news story]
    Been trading AGNC ever since the 09 bottom. My problem is selling way too early, I am mostly right on when to get in (it seems so obvious). Purchased 1800 shares in last 24 hours qualified for DIV. An impossible scenario would have to occur for this to not be a good investment: Interest rates would need to skyrocket in this deflationary muddling world economy for AGNC's government guaranteed investments to wilt! Why everyone thinks the FED is the only thing that matters and treat their every utterance with Bi-Polar irrationality (Bernanke seems so reasonable to me) is beyond my grasp!
    Jun 20 09:23 PM | Likes Like |Link to Comment