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  • Good Times Restaurants misses by $0.01, beats on revenue [View news story]
    Very strong report imo. They guided for a little over 50% growth for this year over last year, with that accelerating to 60-70% next year! They have a lot of opening costs, but if we use MCD's P/S with next year's midpoint on guidance, GTIM would be selling for just over $21. Of course, MCD isn't growing anywhere close to that amount. If we plug in SHAK's P/S for the midpoint, GTIM would be selling for a little over $37 today. SHAK is down significantly from their highs. GTIM is in the small cap high growth stage and profitability appears to be getting there.
    Aug 11, 2015. 06:37 PM | 2 Likes Like |Link to Comment
  • Apple drops 5.2% amid tech rout; Jefferies cuts target on China fears [View news story]
    Yes! Close to 100% of their products are produced there, while China is a much smaller slice of the revenue pie. Apple, over time, will work this into an advantage. Some of the guts are made there, too.
    Aug 11, 2015. 02:47 PM | 22 Likes Like |Link to Comment
  • Is Medical Properties Trust Growing Durable Dividends? [View article]
    >>Starting to feel like the bag holder<<

    Kall, I'm starting to feel like a hospital holder. I think it helps to think about what you are buying and MPW has a lot of solid hospitals. If the price keeps dropping I intend to add...little FX exposure, rates are correcting back, REITs are beneficiaries, MPW is cheap and pays a great divvy while you wait.
    Aug 11, 2015. 02:36 PM | 1 Like Like |Link to Comment
  • Apple: Reversing My Call, Stock Is A Buy Once Again [View article]
    I think this is almost entirely the Yuan. It may hurt Apple short term, but this will help Apple over the long haul. They do sell a lot of products in China, but nearly 100% of their products are *produced in China* and will benefit from a weaker Yuan. This is another dumb overreaction imo.
    Aug 11, 2015. 02:30 PM | 2 Likes Like |Link to Comment
  • Can Investors Trust Their Retirement To These Midstream Energy MLP Money Machines? [View article]
    TMY/George, the other key I am looking at is trying to find investments that are insulated from FX headwinds. The big exporting multinationals (companies, not necessarily energy) are sucking wind due to FX concerns. Wouldn't the midstream MLPs give you a bit of buffer? Also, if oil stays down, I would think demand would be stimulated at some point. Growing volumes would be a positive, no? Also, the huge delta in US gas versus Intl prices is still bullish for moving energy. It looks like the negatives have been mentioned. Thx for the discussion. I have just dipped my toe in some of the no K-1 etfs.
    Aug 11, 2015. 02:11 PM | 1 Like Like |Link to Comment
  • 3D Systems: Back To The Future [View article]
    Good article, but I would discuss the huge short position. 3D printing/additive manufacturing is a very legitimate technology and DDD was one of the founding members because of their inventions. They have also purchased a tremendous amount of expertise, especially in software. The gargantuan short interest presents a tremendous risk imo. You just never know with tech stocks. Some of the tech stocks in the 90s were tremendously volatile. DDD is giving a big presentation in Boston later this week. Should they say something strongly positive, or if a big fish took a position in the recent dip, or if another company found the prices too low to pass up, or if hedge funds saw opportunity in the oversold condition/high short interest DDD could explode in one of the most spectacular short squeezes ever seen.
    Aug 10, 2015. 12:30 PM | 2 Likes Like |Link to Comment
  • 3D Systems now up 20.2% post-earnings; SSYS, XONE, VJET also jump [View news story]
    Chris, certainly possible, but don't forget tops and bottoms are very frustrating events because they don't make sense. You can hit a point of utter exhaustion on selling, where everybody who could possibly want to has already sold *and* you still have the unnatural pressure of 30-40MM shares sold short.
    Aug 10, 2015. 12:05 PM | 1 Like Like |Link to Comment
  • Apple: Reversing My Call, Stock Is A Buy Once Again [View article]
    Apple almost always makes a July/August low for some strange reason; you can set your Apple Watch by it. It usually follows with a *very* powerful rally. Even in 2012 it rallied almost 25% in the few weeks after the July/August low. There haven't been many bad times to buy Apple in the past, if any, but July/August fear has been a very consistent winner.
    Aug 10, 2015. 11:54 AM | 19 Likes Like |Link to Comment
  • Avoid 'Big Picture' REIT Thinking [View article]
    I think many of the externally managed REITs are getting discounted because external managers run the REIT for their own benefit instead of shareholders. I was looking at one today where FFO per share has been flat, dividends have been flat, but they have been doing secondaries like no tomorrow! Revenues have exploded--and, you got it--the fee based income to the external manager has gone up hundreds of % points! Investors are correct, imo, to demand 10-12% to help compensate for poor and self-serving management. The returns can be negative, so 10-12% may just be a few percent in real returns over the long haul. They glow over the 40% increase in metrics, but the amount per share doesn't go up because of dilution. SNR is getting up there where you have a chance to make a little. Obviously, there are differences in perception, and the most self-serving seem to be getting the biggest discounts. I'm sure it is possible for an external manager to do a good job.
    Aug 8, 2015. 04:47 PM | 2 Likes Like |Link to Comment
  • Avoid 'Big Picture' REIT Thinking [View article]
    I just bought SNR on the dip this week after the strong report. Good luck to us all!
    Aug 8, 2015. 12:47 PM | Likes Like |Link to Comment
  • Avoid 'Big Picture' REIT Thinking [View article]
    Adam, I don't know. I have a hard time getting excited over the best REITs at 20X FFO and less than 4% yield. I would rather take the net lease for half the cost and twice the divvy. We may have a little rougher seas, but it is going to be hard to overcome the difference in price.
    Aug 8, 2015. 12:38 PM | 1 Like Like |Link to Comment
  • Avoid 'Big Picture' REIT Thinking [View article]
    Steve, I would add that the leadership at APTS is pretty experienced, too. The COB started Post Properties (PPS) a long time ago, back when those Boomers were the same age as the current millennials, so he has been renting apartments to the same people for 45 years. I bought APTS because I thought they had smart mgmt and I like multifamily. I have done that a few times through the years and it turned out well every time. It has worked well so far on this one, too. I bought Ford back during the implosion when Mulally took over because I was familiar with his work at Boeing.
    Aug 8, 2015. 12:21 PM | 2 Likes Like |Link to Comment
  • Apple Is Its Own Worst Enemy [View article]
    My joke that isn't funny if you actually own an Android--it is free, and a great OS, as long as you don't mind sharing your phone with Chinese and Russian (and anybody else who wants to join you) hackers!
    Aug 8, 2015. 09:47 AM | Likes Like |Link to Comment
  • 3D Systems: All In [View article]
    Aug 8, 2015. 09:37 AM | Likes Like |Link to Comment
  • How China Will Take A Bite Out Of Apple's Growth Momentum [View article]
    tone, I might add that Shanghai is up almost 16% YTD and the Hang Seng is up, too. The market has dropped recently and there has been volatility, but I don't think I would call it a crash. The S&P isn't doing nearly as well this year as China, but I still plan to upgrade our IP5 models this year!
    Aug 7, 2015. 02:45 PM | 14 Likes Like |Link to Comment