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Mercy Jimenez

Mercy Jimenez
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  • Quick Chat #281 June 1 2015 [View instapost]
    Good question, Scooter. I never buy too early on a dip, although I do think the ECB will pull a rabbit out of the hat at the last minute to keep Greece in the family (too much risk if their cousins in Spain, Italy and France get their own bright ideas.) The vote was a risk that will likely pay off for Tsipras.

    I will continue scaling into the companies with strong balance sheets, cash flows, and dividends which can weather the storm better than others. JMHO.
    mj
    P.S. Barring a Black Swan event -- I think Yellen will make at least one symbolic small rate raise -- just to prove she can.
    Jul 5, 2015. 10:24 PM | 1 Like Like |Link to Comment
  • Quick Chat #281 June 1 2015 [View instapost]
    Dow futures are down 170 points -- and the ASX opened down 80 points -- while the dollar index is trending up http://bloom.bg/17PzU5R (AUD and NOK have weakened against the USD.) On the other hand -- we could be in the green by morning. :-))
    mj
    Jul 5, 2015. 08:21 PM | 3 Likes Like |Link to Comment
  • Quick Chat #281 June 1 2015 [View instapost]
    Yes Mark, and the WSJ just confirmed that with two thirds of the vote in -- the "No" vote will top 61%. Although Greece represents only 0.39% of global GDP -- WSJ is predicting "The projected result of the Greek vote will rattle the eurozone and global markets ... Stocks and southern European government bonds will take a hit; German bunds and U.S. Treasurys will rally ... "
    http://on.wsj.com/1CjpMpF

    mj
    Jul 5, 2015. 05:32 PM | 5 Likes Like |Link to Comment
  • Quick Chat #281 June 1 2015 [View instapost]
    This headline caught my eye. Mr. Draghi is now prepared to start buying corporate securities alongside his government bond purchases. "The ECB raised eyebrows Thursday as it added 13 new borrowers to its quantitative-easing program ...the new borrowers, ranging from French rail group SNCF Reseau to Austrian motorway operator Asfinag, have a distinctly corporate flavor, even if they are wholly or partially state-owned. That is especially true of Enel SpA, the global energy company in which Italy has a 25.5% stake." http://on.wsj.com/1HzLaJ5 Prices on these corporate bonds may get propped up on this news.
    mj
    P.S. If you are not a WSJ subscriber just Google the title of this article to gain access "ECB Dips Toe in Corporate Bond Pool."
    Jul 2, 2015. 12:47 PM | 7 Likes Like |Link to Comment
  • Quick Chat #281 June 1 2015 [View instapost]
    Maya et al,
    you may be interested in this latest article from Roger Conrad "MLP Strategy Guide." IMO he tends be well informed in his strategic outlook. http://seekingalpha.co...
    mj
    Jul 2, 2015. 12:38 PM | 6 Likes Like |Link to Comment
  • Is Realty Income Cheap Enough Yet? [View article]
    Fair enough, Paul.
    Thanks,
    mj
    Jul 2, 2015. 12:08 PM | Likes Like |Link to Comment
  • Is Realty Income Cheap Enough Yet? [View article]
    Paul,
    IMO this author has done "readers a service" many times with the multitude of articles he has published "revealing the better alternative(s)" on his radar. In particular you may be interested in perusing some of the high yielding CEFs he has spotlighted. http://bit.ly/1HzBTRc

    I like (O) on many levels, but I tend to agree with Reuben in his assessment of the current valuation.
    Mercy
    Jul 2, 2015. 11:12 AM | 1 Like Like |Link to Comment
  • Quick Chat #281 June 1 2015 [View instapost]
    Thx Maya I will check it out, but the litigation related to being acquired by Vanguard looks caustic.
    mj
    Jul 1, 2015. 01:40 PM | 2 Likes Like |Link to Comment
  • Quick Chat #281 June 1 2015 [View instapost]
    Agree, Maya, after reaching $21+ 6 weeks ago its been a down hill ride. I've taken some gains off the table but I still like (STO) long term while the 5.5% dividend holds. Current plan is to add back if it falls again between $16-$17 pps.

    FWIW I still am of the opinion that we will see another drop for oil by the end of the summer, so my long term positions are still the same as I continue scaling in and stay focused on balance sheet health. The only oiler addition I have an eye on is (RDS/B). 6.6% dividend which has not been cut since 1945. But, I am being patient for better pps value.
    mj
    Jul 1, 2015. 01:08 PM | 6 Likes Like |Link to Comment
  • Wading Into The Oil Patch? Focus On The Balance Sheet - Part IV [View article]
    Timmies,
    A while back I came across a good article and really great comment thread re: the RDS/A vs RDS/B tax implications. Here it is: http://seekingalpha.co...
    Mercy
    Jul 1, 2015. 11:27 AM | 3 Likes Like |Link to Comment
  • Quick Chat #281 June 1 2015 [View instapost]
    In case you missed it, Mark published yesterday a very good update to his series "The Time to Hedge is Now." http://seekingalpha.co... I don't play options much, but I always learn from Mark's articles.
    mj
    Jun 30, 2015. 03:38 PM | 6 Likes Like |Link to Comment
  • Quick Chat #281 June 1 2015 [View instapost]
    Our thoughts are with your family DG.
    mj
    Jun 30, 2015. 03:30 PM | 3 Likes Like |Link to Comment
  • Quick Chat #281 June 1 2015 [View instapost]
    Just added a trading bloc of Mueller Water (MWA) @ $9.12. Its a quality water products player, but it may also earn a spot on (PNR)'s radar with the acquisition prowl made public today by Nelson Pelz.
    mj
    Jun 30, 2015. 01:27 PM | 4 Likes Like |Link to Comment
  • Quick Chat #281 June 1 2015 [View instapost]
    PC -- I'm still there in spirit. I often track how you, the Doc and others are keeping folks honest on StockTalk. Keep up the good work!
    mj
    Jun 30, 2015. 11:08 AM | 4 Likes Like |Link to Comment
  • Quick Chat #281 June 1 2015 [View instapost]
    Doc,
    You are being way too generous in your assessment! I have a policy to only post "offerings" when I can post close to real time on my trades -- and trading in multiple time zones often hampers my ability to post.

    But, let me say on muni's I just added a bloc of (PMO) Putnam Muni Opportunity Trust @ $11.53 which has only 0.5% exposure to Puerto Rico. It has a tax exempt yield of 6.2% with monthly distributions and nearly 12% discount to NAV.

    I have been taking gains off the table on my position in the ETF (HYD) which has a 3%+ exposure . The other 2 muni CEFs I hold long term which have a low PR exposure are (VKQ) 0.36% and (VMO) 0.94%. Be watchful, however, of the lower volume liquidity.
    mj
    Jun 30, 2015. 10:46 AM | 5 Likes Like |Link to Comment
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