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Philipsonh

Philipsonh
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  • Recent Sale: American Realty Capital Properties [View article]
    To summarize the article, ARCP was initially considered a risk investment, the Reit has become involved in malfeasance by executives, a portion of the Reit may well be impaired, the executive suite has been thrown out, and the Reit is now a speculation not suitable for an income oriented buy and hold investor who can use the small loss to offset 2014 Capital Gains. What I find extremely disturbing about many articles on S>A> is that they have become far too long. I believe it is because the authors are paid ( by the word ? ). Whatever the reason, articles on this site are getting longer and longer. Not my cup of tea. Much of the time I learn more from the comments than the articles.
    Dec 17, 2014. 10:27 PM | 1 Like Like |Link to Comment
  • Closed-end fund discounts show some panic in high-yield [View news story]
    Why is the message about CEF's and the listing underneath all ETF's, a different class of investment
    Dec 16, 2014. 06:45 PM | Likes Like |Link to Comment
  • American Realty: Schorsch Falls, AFFO Rises [View article]
    I find it interesting that it was NS that was the primary reason for ARCP and other companies growing so quickly into what they became but he is now toxic because some accounting nerds hid a small error in bonus computation, at least that's it so far as I can see. I understand he had a conflict of interest with positions in all the entities but he was growing ARCP into a major Reit. No holdings and agree with others that it is very speculative until complete clarity is offered and new management is named.
    Dec 16, 2014. 02:12 PM | Likes Like |Link to Comment
  • American Realty Capital Properties: Some Good News And Some Bad News [View article]
    Mark_A

    I appreciate your expertise, but I still feel that when a company is in turmoil like this one, which is dealing with ILLEGALITIES and rumors of malfeasance, with all the top people leaving or being fired, the SEC should step in and put a STOP to all trading until CLARITY exists. I don't have any shares and I don't care how they trade, but this situation is nothing more than a gambling casino. That is not what investing should be about. Who is running the Reit ? Who is making the daily decisions ? There must be many actions simply being held in abeyance, like new rental contracts, lease extensions, etc. There definitely cannot be an orderly market since the whole company picture is opaque. Sorry, that is just how I feel as an observer. I did have a few preferred shares but sold at first notice of accounting irregularities. There needs to be more oversight by the authorities in an instance like this to keep an orderly market. Thanks
    Dec 16, 2014. 12:10 PM | Likes Like |Link to Comment
  • American Realty Capital Properties: Some Good News And Some Bad News [View article]
    Two comments from a novice-
    1) Why dosn't the NYSE put a trading halt on this stock since there are so many
    potential illegalities concerned - investors are trading on complete rumors
    2) Why doesn't one of the strong triple net Reits come in with an offer for the
    properties that fit their program, or the Reit as a whole - It would be the same as the U.S. treasury moving Bear-Stearnes to JP Morgan - but of course the
    financials have to be clarified prior to sale. Then the buyer could sell off the
    pieces that don't fit. In fact. it could be two or three triple-net Reits to spread
    the cost and the risk and they would all make out fine, choosing the properties that fit their mix and geopraphic locations - could be one heck of a deal
    if they are a fit for a buyer - there are a few of them out there that could benefit from an arrangement of this type - and money is certainly available-
    All the Whys ?
    Dec 15, 2014. 11:56 PM | Likes Like |Link to Comment
  • A Helpful Post-Mortem On Seadrill [View article]
    It is if you require income to live on and why income oriented investors buy stocks that pay dividends. We are well aware that as the share price drops the risk/reward ratio favors the investor. Just because we invest for the income doesn't mean we are stupid. We normally don't run into companies that do such a good con job of not living up to their commitments. ( Yeah- we have seen and heard all the twaddle that a promise isn't a promise in the investing World - its just investor speak - sometimes know as B>S> ) in less
    erudite circles= We expect the dividend to be sustainable comes with 101 disclaimers - like the ads on TV for all the new meds- where the disclaimers are 3 times longer than discussing the meds benefits -
    Dec 15, 2014. 11:35 PM | 4 Likes Like |Link to Comment
  • A Peachy REIT That Pays Mouth-Watering Dividends [View article]
    I owned this Reit and sold when they started buying retail properties, which was not their original known intention. The last I knew they had increased the amount of retail properties they could hold to 20%. As far as i know, they can keep altering their mandate. I, along with others, made my initial purchase to invest in residential properties, not shopping centers and such. I am not criticizing, just stating a fact. If they had kept their portfolio to residential properties I would still be a shareholder. If they took a shareholder vote about this change, I was not notified, not that it would have mattered. In any event, mr Thomas is an astute author and this has nothing to do with his analysis, because nothing will make me purchase a company that alters their course as this one has done. In plain English, I am tired of being jerked around by company managements who do not have the best interest of their shareholders in mind, Reit or not. If you do not count as a shareholder, then why be one ?
    Dec 15, 2014. 03:30 PM | 6 Likes Like |Link to Comment
  • Equity CEFs: QQQX/JLA Merger Update  [View instapost]
    Ajay -i am unsure of what you mean by the term discount - the
    merger will be effected at the respective NAV,S - currently, JLA is trading at a 1.8% discount, whereas QQQX is trading at a ( one cent ) .05% premium. These will most likely change by the COB on Dec 19 but wherever they end up will determine if JLA shareholders end up gaining or losing on the merger. (If it occurred today the gain would be 1.85 % ). Are you inferring the merger will be completed at market prices ? Kindly correct me if my data is incorrect. Thanks
    Dec 14, 2014. 11:24 PM | Likes Like |Link to Comment
  • Equity CEFs: QQQX/JLA Merger Update  [View instapost]
    Sorry, Ajay, you are correct. I had read an article previously that had stated a different date but it is now pushed back one week to the date you noted Thanks
    Dec 14, 2014. 11:00 PM | Likes Like |Link to Comment
  • Equity CEFs: QQQX/JLA Merger Update  [View instapost]
    The merger is supposed to take place Dec 17 and according to todays prices it will come off about even, but we have one week to go. Virtually no premium or discount on QQQX and discount fading at JLA. However, the 5 year total performance for QQQX is about 5 points better than JLA according to CEF Connect.
    Dec 14, 2014. 03:15 PM | Likes Like |Link to Comment
  • Seadrill Limited: Complete Fleet Status And Third Quarter Results Analysis [View article]
    Aricool
    You are a funny commenter. Obviously you live with blinders on, if you trust a Government institution. If you live in the U>S. and have children in school being mandated to eat the food they are being served, you would quickly change your attitude. ( The President's daughters go to a private school which serves them food fit for banquets, and the public schools are serving food that the children mostly dump in the garbage without eating. ) At the same time, if a student brings food from home, it is scrutinized by the school officials and can be taken away from the child if it does not meet certain guidelines. That is an example of your "institutions ' and trusting in them can leave your children quite hungry at the end of the day.
    So, if you trust the Government, prepare for your child to be hungry. Just saying. Also, our unemployment data is 'cooked'. Enough said.
    Dec 14, 2014. 12:58 PM | Likes Like |Link to Comment
  • North Atlantic Drilling's Results Are Much Stronger Than The Market Reaction To Them Indicates [View article]
    Well ! ( just a pun ) if you risk takers will read the headline article in the New York Post Sunday edition, you will note a 17 year old high school student ( its on the web as 'high school student but the headline in the paper notes Stuy stud ---- ) ( suppose he goes to Bedford-Stuyvesant high school ) has made $ 60-70 Million trading stocks on his lunch breaks - he is now in his senior year - I expect it is a true story - mentions he kept losing and read the story or Paul Tudor Jones a current hedge fund manager who kept losing and trying again until he hit it big- of course, if anyone here has actual responsibilities, risking it all on trading may be a bit much- this lad could afford to lose everything as he lives at home- but, nevertheless, it is interesting , and shows that a very few who have the stomach to take big risks for the possibility of big gains might hit oil - I can afford to buy 1/2 million shares of NADL but if I lose it all, who, then, will feed my family ?
    (let em east cake ! ) - so, all of you who hope to made big gains in NADL - good luck ! Thought you all might like a break from the data /financial driven comments and the informed guesses that you are making about NADL.
    Put your money down and hope for the best. You can't win if you don't play.
    I still haven't been told by anyone on the board if the West Navigator has a contract yet for jan 2015 ? I personally think that is an important financial and psychological matter, as it will mean NADL is fully contracted until July, I believe,
    and will mean a lot to investors thoughts about the company.
    Dec 14, 2014. 12:38 PM | Likes Like |Link to Comment
  • Hedging Windfall Potential For Vanguard Natural Resources [View article]
    MarionBlair

    Please clarify your last sentence.
    "export will start export -------- "

    Thanks
    Dec 13, 2014. 06:13 PM | Likes Like |Link to Comment
  • Vanguard Natural Resources Bonds: Throwing The Baby Out With The Bathwater [View article]
    Yes, its comforting, but since no one knows when oil prices will stop dropping , or how long they will remain at the bottom, nothing is for sure. The benefit
    for VNR is that they are rotating strongly into Natural gas and related products, so as not to be so dependent on oil.
    Dec 13, 2014. 01:31 PM | 1 Like Like |Link to Comment
  • Vanguard Natural Resources Bonds: Throwing The Baby Out With The Bathwater [View article]
    Various sites, such as Quantum online, or the prospectus.
    Dec 13, 2014. 01:28 PM | 1 Like Like |Link to Comment
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