Seeking Alpha

hs0zfe

hs0zfe
Send Message
View as an RSS Feed
View hs0zfe's Comments BY TICKER:
Latest  |  Highest rated
  • Greek state bankruptcy becoming more likely: watch NBG's graph [View instapost]
    Troika numbers are a JOKE! Falling deposits meet fractional reserve requirements...
    Mar 27 11:49 PM | Likes Like |Link to Comment
  • End Of Operation Twist Is Good News For Annaly [View article]
    You are overlooking that MREITs are forced to buy mortgages at the prevailing low rates. Agreed - when 10 years Treasuries rise, it's a matter of when, not if - NLY will have billions worth of lower yielding mortgages on their books while someone who has cash at hand can enjoy higher rates of return. Moreover, the borrowing has been great but won't last either. Below the rate of inflation?!? A normalization will be terrible for M-REITs! They will have their huge portfolios in a rising rates environment and their borrowings may be subject to margin calls at some point.

    Disclosure: I hold no stocks ATM.

    Kf6vci
    May 21 08:17 AM | Likes Like |Link to Comment
  • 5 Red Flags Chimera Investors Should Consider [View article]
    You just re-post stuff, don't you? That's disappointing!
    Aug 30 10:09 AM | 1 Like Like |Link to Comment
  • 5 Red Flags Chimera Investors Should Consider [View article]
    Come on, the same old thing posted once again? Are you trying to drive down the price so you can buy them cheaper?
    Aug 30 10:08 AM | 1 Like Like |Link to Comment
  • The U.S. Federal Reserve Bank is in a Lose Lose Position. [View instapost]
    Hear, hear!
    Aug 19 11:21 PM | Likes Like |Link to Comment
  • How Eurobonds Might 'Work' [View article]
    Orderly government bakruptcies would be the cleaner and less painfull solution. ** Germany would pay 47 bn Euros p.a. more according to IFO Institute. The mid spread of all EU country bonds is 2.3% higher than the Bunds'.

    BureaucRATS in Brussels are going to know how the market will receive the >1 trillion in need of getting refinanced in the next 6 months? Just remember their take on Greece's debt issues and how solid Greek bonds were said to be?

    All this lacks democratic legitimacy. A permanent transfer union or The Fourth Reich, with Germany being the official "Debt Nazi"? No way, no how!

    Talk solidary and try to gain on the sly. French banks unloaded Greek debt to the ECB while the foolish Krauts let theeir banks promise not to sell these bonds "the next 2 years".

    Look at the common agricultural market. And shudder to think what will happen if bureaucrats get a chance to play at high finance!
    Aug 19 11:09 PM | Likes Like |Link to Comment
  • Avoid Chimera, Try 3 Mortgage REIT Investments With Stronger Risk/Reward Profiles [View article]
    The author is just whistling in the dark forest. Just keep up the auto-suggestion and assure yourself that MFA is good, CIM is bad.
    Life is simple and easy, isn't it?
    Aug 19 08:20 PM | 1 Like Like |Link to Comment
  • KKR Financial Holdings: A Value Investment Pick [View article]
    KFN holds a fixed interest portfolio and won't have the business swings of say MGM and LVS, the latter being more than a 10-bagger the last 2 years, too. From under $ 0.50 to over $ 9.50 in less than 2 years, all that with the best possible reporting? Mmmh. Wake up, this stinks to high heaven! where was KKR when the stock was under $ 1? No insightful letters to
    shareholders, eh?
    To be frank would be impolite to the original poster. But stop playing games with your cost base. Otherwise, someone might keep writing AIB calls @ >5% a month ad infinitum and then turn $ 100,000 into something enormous over decades. Such projections are unprofessional. Panta rei, everything is in motion. AIB may be nationalised, KFN may be sued and have unexpected defaults and the S&P 500 might be below 500 in a few years for all I know or rather don't know.
    Aug 10 09:37 PM | Likes Like |Link to Comment
  • KKR Financial Holdings: A Value Investment Pick [View article]
    Come on, be honest: their reporting over the years has been very shady. How else can a fixed interest portfolio fluctuate from $ 0.40 to $ 9.53 in 2 years? To accomplish such a feat, the market must be intentionally mislead.
    Aug 10 09:25 PM | Likes Like |Link to Comment
  • Book Review: The Perfect Portfolio by Leland B. Hevner [View article]
    A fair and balanced review. The book could have been attacked more - the title is misleading at best. Hindsight is a wonderful thing... am reading "Fooled by Randomness" these days and see a loit of randomness in this book sold as meaning.

    Take bonds - there are likely to be enormous losses in the coming years and even months! ETFs - better than loaded funds. Why not be specific and say REM - 13.5% yield, 0.5% expense?

    But then, who would buy such a book? The title is a big turn off for me!
    Feb 14 12:44 AM | Likes Like |Link to Comment
  • KKR Financial: A Specialty Finance Opportunity [View article]
    What about the dividend? Read the transcript in August!

    In a 2008 conference call, they promise hightened transperancy - yeah, right. Just like with "50% dividend payouts? Oops, not enough cash. How come?

    KFN likes to surprise the market. With KKR's IPO coming up, maybe there will be a one-off surprise as this is what the markets loves?

    Actions like deferring KKR's management fee to Q4 is a sham. Why play such games? Just pay the bills as they come and be honest and clear in your reporting, like ANH is.

    Without slides and the numbers, such transcripts have limited value. KFN should include their spread in % (last time: 3.24%) in each call and keep publishing the same set of rations as a reference.

    The latest conference call is shameful - part of it was written by PR people. So what makes KFN's "capital structure" so superior? Bring it on, we are all seeking alpha here, right?!

    Closing, note the opinion that rising LIBOR will boost KFN's spread. So how are they borrowing? Based on LIBOR = what %? Well, sor such extreme price volatility, the company must do its parts to explain this volatility. If every other company was as opaque and excentric in their reporting and ethics, then the whole stock market would suffer greatly. *** When KFN fell below $ 1, where was KKR's senior partners writing a letter to KFN shareholders? Oh, no such letter - KKR is just grabbing the millions! Chris
    Nov 17 08:30 PM | Likes Like |Link to Comment
COMMENTS STATS
11 Comments
3 Likes