Using REITs to Generate Monthly Income With Little Downside Risk [View article]
I owned a real estate closed-end fund, not a REIT, the fund AWP /Alpine Global Premier Properties since 2007 when the fund had its IPO. Since then it's been downhill in both price and dividend. Are REITs better investments than real estate oriented CEFs or ETF's? I haven't even benefited from buying real estate CEF shares at huge discounts and I still can't seem to profit. I do my homework on the stocks I buy. Interesting article despite the discourteous remarks from the peanut gallery.
Just One Stock: The High Yielder Central to Waste Industry Transformation [View article]
How well will this company fare if they encounter a rash of municipal defaults, delayed payments from cash strained municipal entity clients or worse yet...... payment in the form of IOUs vis-a-vis California. These are the types of things I think about these days when considering a company who earns most of their sales from contracts to provide services to cash strapped municipalities.
To temper Jamie Dimon's bearishness on muni bonds, a bullish note from DoubleLine Capital's Greg Whitely, who says a blanket dismissal of the muni sector "would be a big mistake." The end of the Build America Bonds program "creates a very favorable supply/demand dynamic in a sector replete with liquid, high-quality and high-yielding bonds." [View news story]
Just the kind of self serving remarks you'd expect from a firm that manages portfolios, some of which consist primarily of municipal bonds. Expediency anyone? Care to publish your firm's management and research skills for the period from 11-07-07 to 02-07-2009? It would also be nice to see published your firm's research from 2000 to 2006 that warned your clients and or the investment community of the impending financial collapse. You know the one..... it's the collapse that Ben Bernanke missed and then dismissed. I imagine that your firm was at odds with Bernanke's thinking so I would expect to see lots of material from 2005, 2006 and early 2007 explaining why DoubleLine's 'experts' had determined that Bernanke was dead wrong. Like politicians and banks, the 'average Joe' now knows the games money management firms played upon an unsuspecting and trusting public. The gig is up boys. One need only look at the anemic daily volume numbers to verify the public's displeasure at Wall Street and all it connotes.
Nasdaq Breaks 50 and 200 Day Averages in One Day [View article]
B.I.G. wrote: .....Following those periods, the Nasdaq has averaged a gain of 0.36% over the next week and a decline of 1.2% over the next month, and in each case the Nasdaq was positive three out of five times.........." Would I be correct in extrapolating from this unexplained observation that the two times the market went bear that the subsequent combined market losses were greater than the combined gains made during the three times the market rose? thanks
Investment Opportunities in a Deflationary Environment [View article]
Based on the date of Nikhil Raheja's article and my blog post dated August 2, 2010 a full year and nearly three months have passed since his article was published. It also permits one to evaluate the advice given to the readers by the author and determine if he / she knew of what they so definitively wrote about. The most notable entry for me was Nikhil's disclosure the he was SHORT GOLD in May 2009. In retrospect that wasn't a very insightful nor prudent let alone profitable place to be positioned in gold. Gold has gone on a bull run since the article was published hitting a high of $1,257/.oz in June 2010 and currently has pulled back to the $1,185 level with experts and traders alike predicting it may reach $1,500/.oz by year's end. Equities markets have had a bull run also up over 4000 points by August 2010 not just 2000 points by 2012.
High Premium / High Yield CEFs? Might Be Time to Move On [View article]
Your explanation of how CEF basically function is excellent. However, having traded CEFs for over forty years your article seems more relevant to bond and fixed income CEFs more so than the newer class of CEFs [world/global equity based income funds] that started springing up in the mid 2000's. Both of Alpine's dividend funds AOD & AGD as well as CEFs like Evergreen Global Opportunity Income [EOD] or the Dow 30 Enhanced Premium & Income [DPO] and dozens of other similar funds offered by Blackrock, Evergreen and a host of other money managers. This new class of CEFs employs some form of 'dividend capture' technique the looked for companies with a good track record of paying and frequently raising their dividend. In retrospect the problem from what I can see was that the financial sector had the best record in this area so many of the funds loaded up on bank stocks, CMOs, CDO's and other synthetic derivatives just before the credit crisis and subsequent global financial meltdown hit. This left many of these global equity derived income funds holding lots of banks that were either going under or slashing their dividends. In theory when this credit situation rights itself and the recession really does end and companies have a better and more normal credit obtaining environment I expect to see the remaining banks re-institute paying dividends and others raising their dividends again. I remember seeing a similar fear situation play itself out in 1972-1973 and that righted itself in time, but back then we didn't have an over reaching government hellbent on instituting a 'too big to fail' policy of blatant unfairness and favoritism.
Know Your Convictions in Market Displacement [View article]
"Alpine’s backward looking history of alternate funds AOD and AGD (which trade at massive premiums) paying higher earned distributions with lower-yielding portfolio constituents appears unsustainable. I’m short AOD and long AWP, a position to which I added on Thursday." "........... paying higher earned distributions with lower-yielding portfolio constituents appears unsustainable..."
Paying higher earned distributions with lower yielding (notice that these two words are not hyphenated) portfolio constituents appears unsustainable. Are you trying to say they [AOD & AGD] are paying out more dividend income to shareholders than the underlying portfolio produces and that over time this dividend payout will become unsustainable? If so your research has failed to enlighten you on the intricacies of their unique and proprietary dividend capture methods. I've owned AWP for over a year now, bought at $2.02 and the same day I bought AOD at $4.64. Has your inquiry into the basket (?) also revealed the massive losses both father and son [Sam Lieber of Evergreen Real Estate Fund.] have lost on AWP? It's literally in the millions, Check insider buys and sells for AWP and the losses this fund's founder and his son have lost. Now they have bet on Chinese and Asian real estate which is another huge bubble just waiting to pop. AWP may well be a good buy but not just yet. It drives me up the wall when individuals use this platform to try and move stocks they own long or short in the direction that would benefit their portfolios. You'll notice buy, sell or short recommendations are usually made AFTER the author of the article already owns the stock(s) being hyped. The Wells Notices were mentioned several times in the article but the effects on the funds were strikingly omitted. Every quarter I listen to Alpine's web conferences and accordingly I take from Sam, Jill, Kevin and Steve Lieber that the dividend is safe for now, They cut the dividend on AOD last year from .18 to .12 per share/per month which represents a 33% cut already made. Do you think they will cut it more? If so by how much would you estimate? Interesting article.
Growing Resistance to Foreign Ownership in China [View article]
Sounds like some Americans who in the 1980's were saying that Japan was buying up the US and would soon own almost everything. The Chinese will get past this too just as the Americans did. The world's a changin', it's called globalization and it ain't goin' nowhere.
Some readers of this forum seem to believe the China story is all over after the Olympics ends. Don't fool yourselves about the China growth machine. The Chinese coal and steel stocks (ex. GSI) have bright futures ahead. With the Chinese economy growing on average at between 10% to 12% annually for at least the next 5 to 10 years the global slowdown is a little more than a speedbump for this ancient nation. Let us not forget that when the Olympics end preperations for the World's Fair in Shanghai begin. By some well respected estimates China will spend nearly as much on the World's Fair event as they did for the Olympics. I agree with the reader who wrote that 'now is not the time to buy momentum stocks' as the momentum is down and it's a little too late to buy these dubvious 'bargains' here in the developed world but in the emerging world of China their steel and coal stocks are where US Steel was at the begining or our industrial revolution. How many of us, given the chance, would buy US Steel when that company was only several years old?
JP Morgan Offer for Wachovia Makes Sense [View article]
Sounds like Todd bought some WB after the rumor of a JPM Chase possible buyout on the hope of a $24 offer. I'll bet you watch too much CNBC and I'll also guess that you had owned YHOO at one time and was burned by the Microsoft 'buyout' too. There's no deal happening here either as JPM Chase has too many subprime and other debt issues on their own balance sheet to take on WB's as well.
Using REITs to Generate Monthly Income With Little Downside Risk [View article]
Interesting article despite the discourteous remarks from the peanut gallery.
Just One Stock: The High Yielder Central to Waste Industry Transformation [View article]
To temper Jamie Dimon's bearishness on muni bonds, a bullish note from DoubleLine Capital's Greg Whitely, who says a blanket dismissal of the muni sector "would be a big mistake." The end of the Build America Bonds program "creates a very favorable supply/demand dynamic in a sector replete with liquid, high-quality and high-yielding bonds." [View news story]
Care to publish your firm's management and research skills for the period from 11-07-07 to 02-07-2009?
It would also be nice to see published your firm's research from 2000 to 2006 that warned your clients and or the investment community of the impending financial collapse. You know the one..... it's the collapse that Ben Bernanke missed and then dismissed. I imagine that your firm was at odds with Bernanke's thinking so I would expect to see lots of material from 2005, 2006 and early 2007 explaining why DoubleLine's 'experts' had determined that Bernanke was dead wrong. Like politicians and banks, the 'average Joe' now knows the games money management firms played upon an unsuspecting and trusting public. The gig is up boys. One need only look at the anemic daily volume numbers to verify the public's displeasure at Wall Street and all it connotes.
Long-Term Bond Yields Up Again: Our Reason for Selling [View article]
Thanks
Long-Term Bond Yields Up Again: Our Reason for Selling [View article]
10 Breakout Stocks Boosting Dividend Payments [View article]
Nasdaq Breaks 50 and 200 Day Averages in One Day [View article]
Would I be correct in extrapolating from this unexplained observation that the two times the market went bear that the subsequent combined market losses were greater than the combined
gains made during the three times the market rose?
thanks
Investment Opportunities in a Deflationary Environment [View article]
The most notable entry for me was Nikhil's disclosure the he was SHORT GOLD in May 2009. In retrospect that wasn't a very insightful nor prudent let alone profitable place to be positioned in gold. Gold has gone on a bull run since the article was published hitting a high of $1,257/.oz in June 2010 and currently has pulled back to the $1,185 level with experts and traders alike predicting it may reach $1,500/.oz by year's end. Equities markets have had a bull run also up over 4000 points by August 2010 not just 2000 points by 2012.
High Premium / High Yield CEFs? Might Be Time to Move On [View article]
Know Your Convictions in Market Displacement [View article]
"........... paying higher earned distributions with lower-yielding portfolio constituents appears unsustainable..."
Paying higher earned distributions with lower yielding (notice that these two words are not hyphenated) portfolio constituents appears unsustainable. Are you trying to say they [AOD & AGD] are paying out more dividend income to shareholders than the underlying portfolio produces and that over time this dividend payout will become unsustainable?
If so your research has failed to enlighten you on the intricacies of their unique and proprietary dividend capture methods.
I've owned AWP for over a year now, bought at $2.02 and the same day I bought AOD at $4.64.
Has your inquiry into the basket (?) also revealed the massive losses both father and son [Sam Lieber of Evergreen Real Estate Fund.] have lost on AWP? It's literally in the millions, Check insider buys and sells for AWP and the losses this fund's founder and his son have lost. Now they have bet on Chinese and Asian real estate which is another huge bubble just waiting to pop. AWP may well be a good buy but not just yet.
It drives me up the wall when individuals use this platform to try and move stocks they own long or short in the direction that would benefit their portfolios. You'll notice buy, sell or short recommendations are usually made AFTER the author of the article already owns the stock(s) being hyped.
The Wells Notices were mentioned several times in the article but the effects on the funds were strikingly omitted.
Every quarter I listen to Alpine's web conferences and accordingly I take from Sam, Jill, Kevin and Steve Lieber that the dividend is safe for now, They cut the dividend on AOD last year from .18 to .12 per share/per month which represents a 33% cut already made. Do you think they will cut it more? If so by how much would you estimate? Interesting article.
Growing Resistance to Foreign Ownership in China [View article]
Coal and Steel Stocks Take A Hit [View article]
JP Morgan Offer for Wachovia Makes Sense [View article]