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  • Is Medical Properties Trust Growing Durable Dividends?  [View article]
    I really like having medical REITS in my retirement portfolio, and when quality hospitals go on sale with > a 7% divvy for the mothership, I add to the program. It is worrisome that they couldn't sell the shares, but that has put a good company on sale imo. At any rate, the loss was clearly secondary induced. GLTA.
    Aug 6, 2015. 01:40 PM | 1 Like Like |Link to Comment
  • 3D Systems now up 20.2% post-earnings; SSYS, XONE, VJET also jump  [View news story]
    Very likely, and the short interest might have gone up because of the flurry of bad news recently. I thought this might happen, but the shorts had better hope there isn't even a hint of good news. A big fish or even an agreement could really cause a pop. When you get this high on the short interest, it is very dangerous. Bubbles can happen on the short side, too. These are good companies in a good industry, but like computers in the 90s and many other examples, the hype got ahead of reality. IMO, this is still a great level to add for a long term position. GLTA.
    Aug 6, 2015. 11:16 AM | 1 Like Like |Link to Comment
  • Medical Properties Trust raises capital  [View news story]
    They couldn't sell the shares at a decent price! They stopped the bleeding at 12.25 on a smaller offering. This might be a shot across the bow of REITs in general, and it might be MPW in particular, but the demand for shares isn't too healthy!
    Aug 6, 2015. 10:47 AM | Likes Like |Link to Comment
  • More on Select Income REIT Q2 results  [View news story]
    Vol, after reading over some of your comments, I suspect you know a lot more about this than I do. Stepping aside from the soap opera, I don't understand why you pay for a new investment with shares when they yield ~10%. Why not use cash or debt instead? I love dividends, but I'm scared of dilutive secondaries/issuances when the stock has fallen 30% and the yield is way higher than comparable companies--especially with fee based, externally managed entities. Be happy to hear your take on it...
    Aug 6, 2015. 09:51 AM | Likes Like |Link to Comment
  • American Airlines: Surprise Yield Play  [View article]
    Exactly. When a stock makes it into the 3.XX-4 PE ratio range, the math just doesn't work out well for it staying in the basement. The stock is so cheap that a small percentage of cash buys back large percentages of the company. I'm fine with AAL staying down so the company can buy back 5-10% of the stock every year. They can then raise the dividend by the amount of the reduced share count and not raise the payout, while the yield goes up every year. Mr. Market is in denial; he simply can't believe that an airline could be a good investment.
    Aug 4, 2015. 06:07 PM | 10 Likes Like |Link to Comment
  • 3D Systems, Stratasys tumble again  [View news story]
    Aviation is great for providing spinoffs. If Arcam can meet Boeing/Airbus standards, auto parts are going to work, too. The thing that makes aviation a wild card is time. If a shop has a library of parts and they can "print" the missing piece, it puts the plane back in service. Even a day or two can be worth seven figures in certain situations. I haven't followed the personalities much. I do like the potential of the technology a lot.
    Aug 4, 2015. 05:58 PM | Likes Like |Link to Comment
  • 3D Systems, Stratasys tumble again  [View news story]
    Andreas, I have owned AMAVF for some time, and I avoided DDD and SSYS until today. They are really cheap. I have a little background and contact with aviation, and I can tell you that enabling parts production in the shop will open a massive business, which is one reason I like AMAVF. My comeback to you is to be careful that you don't write off MIT and the US 3D industry. I like owning all of the potential winners in emerging industries. It is often very unpredictable. People were predicting the death of ARM when Intel ramped up mobile--very smart people. I bucked the advice and bought Intel, AMD, and ARM. My big mistake was selling ARM after it went up to a ridiculous price, but I was very happy I didn't insist on picking the winner.
    Aug 4, 2015. 05:19 PM | Likes Like |Link to Comment
  • 3D Systems, Stratasys tumble again  [View news story]
    I don't think it is decrepit, Andreas. Remember, most innovations and innovators have to climb a wall of hostility and skepticism--usually from self-proclaimed experts. I look at things like the million+ contract awarded by the USAF for production of a heat exchanger with Honeywell and Penn State, and the contract with the US Navy. If they can come close enough to interest the AF and Honeywell for a jet engine heat exchanger with their direct metal process, they should be able to do a lot of interesting and profitable work. Aviation alone offers billions in potential, but the applications are mind boggling. I also look at DDD making MIT's 50 smartest list. These aren't dumb investors they are dealing with in these cases. Assuming there is solid expertise, and assuming there is a 20Bn market waiting, I think they may be very cheap right now.
    Aug 4, 2015. 05:03 PM | 1 Like Like |Link to Comment
  • 3D Systems, Stratasys tumble again  [View news story]
    They are pretty cheap, and if you believe the total 3D market will grow to ~20Bn in the next five years, it could be a great investment. I agree they were hyped and way overpriced, but now I think they are likely underpriced. Remember, with gargantuan short positions the price can go below its natural level by a significant amount due to the massive and artificial selling pressure. DDD had over a third of its float short last report. I suspect that went up significantly with the SSYS news. It may be in for another spanking Thursday, but assuming it's a legitimate business in a booming industry, it should provide a great buying opp. Obviously, a buyout, any good news, or just about anything positive could start the mother of all squeezes, too. I wouldn't be surprised by a short squeeze after earnings--even if the news is bad!
    Aug 4, 2015. 04:21 PM | Likes Like |Link to Comment
  • 3D Systems, Stratasys tumble again  [View news story]
    HP could buy both companies today from Mr. Market for about 2+Bn; I highly recommend they do it. They are too cheap imo.
    Aug 4, 2015. 12:36 PM | Likes Like |Link to Comment
  • 3D Systems: The Silence Is Deafening  [View article]
    Just looking at the industry, 3D printing/additive mfr'g is high growth with a bright future. I see this as a buying opportunity. It may get cheaper, but both companies are very attractive right now imo. There are too many opportunities and the companies are getting too cheap--somebody will buy them out if it keeps falling.
    Aug 4, 2015. 12:27 PM | Likes Like |Link to Comment
  • Which Airlines Are Flying Highest After Earnings?  [View article]
    I tried Spirit again recently because they offered a non-stop where I needed to go. Sardine city, and they charge for everything imaginable and then some. They charge $10 per leg to check you in if you forget or can't print your boarding pass at home! The flight attendants give the brief and run through the cabin offering to use your credit card to buy a small styrofoam cup of coffee for $2, so nobody buys much of anything and they don't do much. The only service is self-service pretty much. One lady got challenged on her bag that was just barely too big. They made her go to the ATM and pay them $100 in cash. The bag is about $25 ahead of time. I felt like it was a shakedown. I don't see too big of a threat. JBLU has much better service. The legacy carriers are cash cows and a huge buy because they are so undervalued. If AAL was selling for $90, I would be lukewarm on it.
    Jul 31, 2015. 12:04 PM | 1 Like Like |Link to Comment
  • Which Airlines Are Flying Highest After Earnings?  [View article]
    I like all of the airlines pretty much, but AAL is my favorite. Just a quick glance, but I'm seeing ~17.1B in LT debt, and I'm seeing a pretty stable interest amount in the low 200 millions per quarter. If they refinance at lower rates the interest payment stays very manageable, despite a small increase in debt. AAL has largely updated their fleet, so the newer airplanes, lower fuel burn, better maintenance costs, and other factors give them an advantage over many of the other carriers. They will also have a large depreciation amount, along with less lease payments. Financing airplanes is the smart thing to do right now imo. If they had more debt and they had the older airplanes, then it might be a bigger concern. Less than a billion a year in interest on a company that should earn over 6Bn this year is reasonable. Also, a lot of the PRASM drop is currency. When you consider that the market cap is less than 30 billion, 4 billion in share repurchases is quite significant. They also have close to 10Bn in cash and STI, so they have good liquidity. This is an oil well in reverse--printing money from the low fuel prices. And, best of all, Mr. Market hates the company and is giving shares away. Time to accumulate.
    Jul 31, 2015. 11:51 AM | 2 Likes Like |Link to Comment
  • Whitestone REIT Is Now Yielding 8.9%  [View article]
    --"warned up to it" pretty funny slip there...
    Jul 31, 2015. 09:15 AM | 7 Likes Like |Link to Comment
  • Microsoft, Capitulation And The End Of Windows Everywhere  [View article]
    Not only that, but Intel and Microsoft could awaken from their slumber and realize that they could cooperate in mobile much like they have in PCs in the past. Why they think they can fight with each other and still compete with Apple is mind boggling. There is tremendous opportunity if they just start defending the ecosystem with intelligent moves, instead of self destructive missteps. I'm not ready to pronounce Windows dead, but if Wintel doesn't wake up, they are going to become irrelevant.
    Jul 30, 2015. 10:08 AM | 2 Likes Like |Link to Comment