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Brandond

Brandond
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  • 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 | 8 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
  • Investors underwhelmed with 25% response rate for Actinium Pharma's Actimab-A [View news story]
    Stock fallen from $13 in past yr to current levels says buy here given risk/reward. Bought under $3 a few weeks ago and not selling any into this level. At $140M market cap and market potential for any of their drugs, could be a very large winner. Or, could be dead money but likely minimal downside IMO.
    Jun 1, 2015. 05:05 PM | 3 Likes Like |Link to Comment
  • Gold Fields' Stock Sell-Off Is Overdone [View article]
    I like GFI and AUY as best risk/reward plays. Seems like GFI due for a good move up with costs under control just need some recovery in gold prices and/or inflation
    May 22, 2015. 09:19 PM | Likes Like |Link to Comment
  • Why NQ Mobile's Latest Earnings Look As Dubious As Ever [View article]
    Sounds like you're short. I heard similar nonsense about Ebix last year when it was $11 and all the short and distorts claimed Ebix was a fraud going to $0. Bought a lot, ignored the noise and now sitting on a 200% gain in less than a year as Ebix closed at $36 today. When the short squeeze on NQ starts, it's going to be a fun ride. I can be very patient
    May 22, 2015. 06:59 PM | 2 Likes Like |Link to Comment
  • Novadaq Knocked Back By Looming Competition And A Tough Transition [View article]
    Shorts pounce on this stock every few months and take advantage of low volume days; always buy those dips for over 3 years and sell around $17. Went VERY long on Friday near $10. About as good a risk/reward as there is in the market IMO. High conviction as both the CEO and the CFO just purchased a large amount of stock on the open market (these were not stock acquisitions from low price stock option exercise).

    CEO purchase 14,000 shares and the CFO purchased 60,000 shares. As a prior CFO of several public companies, I can tell you that nobody has as much visibility to the future as the CFO. This is not an ultra high worth CFO and thus when the guy spends almost $650,000 to buy stock on the open market, that's my "buy" signal. Sure market makers and shorts can try to shake people out of their positions and the stock could drift higher but this will be over $15 within 3 months.

    Long rumored as a nice tuck in acquisition for one of the big medical technology companies and at its current market cap, it is easy for one of the big guys to take this out. Perhaps that is why the CFO just dropped $650k on an open market purchase. Makes me wonder if they have been approached.
    May 16, 2015. 01:42 PM | 1 Like Like |Link to Comment
  • Cloud software stocks jump on Salesforce buyout report [View news story]
    Consolidation due; big holder of Workday and Intralinks; both likely takeouts with cheap money available for financing.
    Apr 29, 2015. 03:09 PM | Likes Like |Link to Comment
  • Celladon reports negative results for CUPID2 trial [View news story]
    Get your buy orders loaded for QURE if/when it sells off on sympathy. Much better profile, recent capital raise out of the way and BMY's recent investment tells me BMY dud their DD. Look did chop but big potential gain within 2-3 months IMO
    Apr 26, 2015. 06:07 PM | 1 Like Like |Link to Comment
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