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ace41

ace41
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  • Bakken Update: Abraxas Has A Huge Quarter As Its Well Results Are Twice As Good As Others Near Pershing Field [View article]
    Michael: Thanks for your informed, encouraging comments on AXAS. I've held shares for many years and tried to be patient while they worked through many, many problems. Hopefully, they are finally on the right track for sustained profitablity. Thanks again.
    Nov 12, 2013. 08:47 AM | 3 Likes Like |Link to Comment
  • Heavy selling hits a number of Pimco income funds, notably the High Income Fund (PHK -4.3%) with heavy exposure to high-yield paper and the financial sector. The decline narrows the fund's premium to NAV to a still-whopping 34%. The Income Opportunity Common Fund (PKO -2.2%) trades at just a slight premium, while the Dynamic Income Fund (PDI -2.8%) sells for about a 5% discount. Others: (PTY -3.6%), (PCN -2%), (PGP -5.3%), (PFN -1.5%). [View news story]
    I will consider PTY a buying opportunity if Gross steps in and makes a buy soon. He has made significant buys on previous dips of this magnitude and he recommended PTY in the Barron's Roundtable this year. He did sell 79000 shares from his children's account a couple of weeks ago - a relatively small amount of his total holdings. I did not take that as a sign of his pessimism. Most of us yield-seekers have been mindful of the game changing when rates start to move up, so I guess it's no surprise that no one wants to be the last one standing with leveraged assets. Having survived
    2000/2001 and 2008/2009 panics, I'm holding to find more evidence of a real change.
    May 29, 2013. 11:14 AM | Likes Like |Link to Comment
  • My K.I.S.S. Dividend Portfolio [View article]
    You mention that PTY has had dividend cuts in the past few years; I have owned it since 2008 and have only had increases in the monthly dividend, not reductions. PTY has also paid special, year-end dividends, which have been variable. In fact, I'm surprised you don't include the specials in your return calculation, especially since they have been significant yield enhancers.
    Feb 11, 2013. 11:27 AM | Likes Like |Link to Comment
  • The most exciting returns are to be had from an asset class where those who know it best love it least. What does it say when the first pick by Bill Gross at the Barron's Roundtable is gold? Gross isn't calling for an imminent bond bear market, but he doesn't see much upside either. For a fixed-income substitute, he recommends (what else) his BOND ETF, which trounced the competition in its first year and just added the use of derivatives to its toolbox. [View news story]
    Just a few thoughts about Bill Gross and PTY. First, he has recommended PTY in at least two previous Barron"s Roundtables. Second, he pluts his money where his mouth is; on several occasions, in the past couple of years, he has invested several millions in PTY and other Pimco closed-end funds when their prices came under pressure. As an income seeking retiree, I have enjoyed the ride immensely in terms of both income and cap gains from PTY. One of the earlier commentors has it right. Check the facts, and if they confirm the sales pitch, don't be afraid to jump in.
    Feb 2, 2013. 01:30 PM | 1 Like Like |Link to Comment
  • Three 13% Plus Dividend Yield Stocks I Am Buying Today [View article]
    Todd: Appreciate your comments on WMC. How do you view WMC, versus some of the older mreits, such as AGNC, NLY, etc.?
    Sep 21, 2012. 11:04 AM | 1 Like Like |Link to Comment
  • Sticking With Proven Agency-mREIT Winners Until Invesco Proves Itself [View article]
    I'm a retired guy who manages his own assets. I'm always looking for little known investment niches that provide superior returns, but always with a careful eye on risk.
    Jul 13, 2011. 09:43 AM | 2 Likes Like |Link to Comment
  • Sticking With Proven Agency-mREIT Winners Until Invesco Proves Itself [View article]
    Todd: Enjoyed your analysis, but you neglected to mention that one of the advisors to IVR is Wilbur Ross. Ross is the very successful chairman of W.L.Ross Company, and is known for his vast investment experience and knowledge. He is a frequent co-host on CNBC's Squawk Box. When IVR first opened, it was widely promoted that Ross would be involved and this gave the IVR instant credibility. Because of Ross' involvement, I think you're selling their management short.
    Jul 13, 2011. 09:40 AM | 1 Like Like |Link to Comment
  • Energy Pause Is No Problem for Canadian Trusts [View article]
    Strongly agree with Jack, COS and PWE have long been favorites of mine. Thank God I had plenty to offset some nasty REIT stuff I have had this past year. Recommend mcdep.com as an excellent way to stay in touch with these Canroys and some US oil/gas trusts.
    May 17, 2008. 02:54 PM | Likes Like |Link to Comment
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