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Brandond

Brandond
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  • Ebix: Digging Through Piles Of Old Dirt [View article]
    Short hedgies who have got killed in this name over past year must be paying this "author" to write an inaccurate article to attempt to stem shorts' losses. This company trades at a discount to peers and is worth a lot more than current price. If bad news was out there, I suspect Robin Raina would be selling some shares-he's sold ZERO shares despite stock being up 150% in past year.

    FWIW, as many know, the SEC does not publicize when they complete a review so any suggestion that there is still an issue with the company is just silly. If the SEC is going to look into anything, it should look into the multiple "short and distort" attempts in 2014.
    Aug 4, 2015. 05:34 PM | 2 Likes Like |Link to Comment
  • Novadaq Technologies misses by $0.05, beats on revenue [View news story]
    Like this story-huge revenue growth. They're investing money to grow the top line so the EPS miss should not be an issue. I keep hearing that a large medical technology company is going to buy these guys guess we'll have to wait
    Jul 28, 2015. 05:11 PM | 1 Like Like |Link to Comment
  • General Electric EPS in-line, beats on revenue [View news story]
    Street insider says 3 cent beat

    http://bit.ly/1TGJW0V
    Jul 17, 2015. 06:47 AM | Likes Like |Link to Comment
  • Intel pushes out 10nm CPU launch; shares pare gains [View news story]
    That "beat" was due to the fact that they pay no tax and they bought back a lot of shares near all-time highs.

    Easy to manipulate EPS when you're simply buy back shares and change a denominator to suit your operating income
    Jul 15, 2015. 07:11 PM | 6 Likes Like |Link to Comment
  • Lucas Energy warns of future viability, funding needs [View news story]
    HK and SD next
    Jul 15, 2015. 06:27 PM | Likes Like |Link to Comment
  • Halcon Resources Shares Are Priced For Default - Why Now Isn't The Time To Buy [View article]
    People buying HK remind me of people calling a bottom in Walter Energy over past 2 years. This company will be owned by the debt holders with nothing for common holders: happy to have sold at $5 but capital structure, lower for longer oil prices, high depletion rate wells and high cost extraction wells in TMC tell me buying down here is pure gambling
    Jul 15, 2015. 06:57 AM | 2 Likes Like |Link to Comment
  • Independence Realty Trust, Inc.: This 8% Yielder Has A Lot More Coming Its Way [View article]
    Added a bunch today; shorts and large hedge funds cannot make money with low volumes in most stocks so they are cycling across volatile bios and small caps like IRT looking to shake people out and trigger stops and have investors questions their thesis. Look at APTS and BRG-they have started to hit these 2 REITs but I suspect more shorting on down days will create a lot more pain on those 2 REITs-that is when you buy those other 2 decent apt REITs.
    Jul 1, 2015. 04:56 PM | 2 Likes Like |Link to Comment
  • Independence Realty Trust, Inc.: This 8% Yielder Has A Lot More Coming Its Way [View article]
    Shorts smell blood and just keep piling on now that support is broken and stops are taken out. Look at recent short volume. at the site below. I've seen this many times and fundamentals will allow this to recover and shorts will try to keep it down but eventually it will resume uptrend. No stops here and I'm buying more this week.

    http://shortvolume.com

    http://bit.ly/1LHtmg5
    Jul 1, 2015. 05:51 AM | 1 Like Like |Link to Comment
  • Highest Growth Potential And Lowest PEG Among Peers Earns Stein Mart A Buy Rating [View article]
    I discovered this company when I was in Florida on vacation and we did not bring the appropriate clothing due to a change in weather. I was amazed at all of the really good name brands being sold at huge discounts. The store was packed and got me interested in learning more. Have enjoyed the dividends, especially the recent, fat special dividend but share price decline tells me the Street either doesn't believe results and/or this company is really under the radar.

    If they can effectively get their ecommerce operations moving, this could be huge. Imagine if people anywhere in the US could take advantage of Stein Mart's selection and low price with the clock of a mouse. Look at all the web companies like Zappos, Amazon, Ebay, Sierra Trading Post (part of TJX); growth is coming from on-line business. These guys needs to get all their products on line ASAP and increasing efforts to sell on line. In the meantime, I'm holding and collecting the modest dividend.
    Jun 28, 2015. 09:01 AM | 1 Like Like |Link to Comment
  • Aratana up 19.1% after announcing positive AT-002 results [View news story]
    It is aratana not arcana
    Jun 26, 2015. 05:31 PM | Likes Like |Link to Comment
  • More negative news ahead for Chicago Bridge on Vogtle project, analyst says [View news story]
    Must have a short position in the red or large option position that the firm needs to protect. Complete BS
    Jun 24, 2015. 03:34 PM | 9 Likes Like |Link to Comment
  • Alcoa Remains Overpriced [View article]
    Been building a position for the past week and not done; look at the major catalysts such as aerospace and autos, especially where value added manufacturing will help sales. Ford's F150 truck which uses aluminum cannot be built fast enough. Sure there are some headwinds but that's what gives patient investors the opportunity to make 30% very possible.

    I read many similar articles about Chicago Bridge and Iron when it was under $40. Pretty happy to have tuned out the noise and bought a lot of shares in the low $40s as it's now $55 and on its way to $70.
    Jun 2, 2015. 08:52 AM | 4 Likes Like |Link to Comment
  • Independence Realty Trust, Inc.: This 8% Yielder Has A Lot More Coming Its Way [View article]
    I posted the content of the S4 filing that deals with management fees to facilitate the author's responding about whether the new structure is good, bad or a push for investors.
    Jun 1, 2015. 08:24 PM | Likes Like |Link to Comment
  • Independence Realty Trust, Inc.: This 8% Yielder Has A Lot More Coming Its Way [View article]
    In their S4 filed 5/29, there is a lot of discussion about revised management fees. Curious to know if this is another example of an externally run reit overpaying fees. Text related to fees on pg 104 of the S4 as follows

    IRT has the following management agreements with affiliates of RAIT for the provision of management and advisory services to IRT: (i) an advisory agreement with the Advisor and (ii) property management agreements with RAIT Residential with respect to each of IRT’s properties. Pursuant to the terms of the advisory agreement, the Advisor is compensated as follows:

    • A quarterly base management fee of 0.1875% of average gross real estate assets as of the last day of such quarter. Average gross real estate assets means the average of the aggregate book value of IRT’s real estate assets before reserves for depreciation or other similar noncash reserves and excluding the book values attributable to the eight properties that were acquired prior to August 16, 2013. IRT computes average gross real estate assets by taking the average of these book values at the end of each month during the quarter for which it is calculating the fee.

    • An incentive fee based on IRT’s pre-incentive fee core funds from operations (“Core FFO”), a non-GAAP measure, as defined in the advisory agreement. The incentive fee is computed at the end of each fiscal quarter as follows:

    • no incentive fee in any fiscal quarter in which IRT’s pre-incentive fee Core FFO does not exceed the hurdle rate of 1.75% (7% annualized) of the cumulative gross amount of equity capital IRT has obtained; and

    • 20% of the amount of IRT’s pre-incentive fee Core FFO that exceeds 1.75% (7% annualized) of the cumulative gross proceeds from the issuance of equity securities we have obtained.

    At the closing of the Merger, IRT intends to amend the advisory agreement such that the Advisor will receive (i) a base management fee of 1.50% of cumulative equity raised and (ii) an incentive fee equal to a percentage of Core FFO in excess of a base year threshold amount per share to be determined. In no event will this threshold amount be less than $0.18 per quarter.

    The completion of the Merger by IRT will increase IRT’s average gross real estate assets because of the addition of new properties, and is expected to increase its Core FFO. Under the proposed amended terms of the advisory agreement, if IRT sells IRT common stock as a means of financing the cash portion of the Merger Consideration, the amount of equity raised may be included in the equity used to calculate the base management fee thereunder and result in increased base management fees paid to the Advisor. Therefore, the completion of the Merger is expected to increase the fees to be paid by IRT to the Advisor under the advisory agreement, either as it currently exists or as it is proposed to be amended.

    Pursuant to the property management agreements, IRT pays RAIT Residential property management and leasing fees on a monthly basis of an amount up to 4.0% of the gross revenues from the property for each month. In addition to these base management fees, RAIT Residential may be entitled to receive customary due diligence fees, construction management fees, lease-up fees and other similar fees for additional services to be provided by RAIT Residential at the request of IRT. Each property management agreement has an initial one year term, subject to automatic one-year renewals unless either party gives prior notice of its desire to terminate the management agreement. Following the completion of the Merger, IRT anticipates entering into new property management agreements for each of the new properties being acquired in the Merger, which will increase the fees paid by IRT to RAIT Residential.
    Jun 1, 2015. 05:26 PM | 5 Likes Like |Link to Comment
  • Independence Realty Trust, Inc.: This 8% Yielder Has A Lot More Coming Its Way [View article]
    Seems like some big money holders use the low volume to hit this periodically over past month. Look at action near end of day 6/1. Long a lot at $8.6 and happy to collect the monthly dividend. Should be a good performer with many people preferring to rent or not being able to buy and being forced to rent. These multi tenant reits look cheap relative to some of the big reits.
    Jun 1, 2015. 05:10 PM | 1 Like Like |Link to Comment
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