Armour: This 17% Yielder Is A Buy Now [View article]
Sloppy article. Says NLY is a poor investment because its preferred has a conversion price that is above the current stock price. This often happens and affects the price of the preferred, but not the price of the common. There is no relationship between the two at this point. Then he says that CIM and AGNC are more risky. He gives a reason that CIM is more risky but says nothing about AGNC, except to lump it with CIM. CIM is a hybrid mREIT that has had trouble filing its SEC reports on time. AGNC is NOT a hybrid and has no accounting issues. Just someone without sufficient knowledge trying to write an article that others have written more accurately. There are plenty of good articles about mREITs, so I don't know why every novice thinks he has something to add. Write about something where you have something new to add, without just confusing things by writing a sloppy article.
mREITs' Golden Era Is Over: Part II [View article]
I don't think this guy knows anything about MREITS. In stating the payout ratio, he uses the GAAP figures which are irrelevant for MREITS. Then he says they use retained earnings to boost the payout. This is true to some extent, but MREITS can only retain 10 percent of their earnings and have to pay out the rest. Most MREITs have only a small amount of retained earnings. I think AGNc had 0.88, before it used some for the last dividend payment. While, he hasn't been right yet, it does not mean that he won't be right someday.
'Buying Dividend Stocks For Income' Arguments Don't Make Sense [View article]
While Seeking Alpha has a lot of good contributors who write valuable articles, occasionally you get someone like this who has nothing to say but insists upon saying it poorly nonetheless. Look at one nonsensical statement: "I don’t get the economics here. I can’t understand how any rational investor wouldn’t rather have a stock that doubles in price and pays no dividend than one that pays a dividend and drops in value. I can always sell some of the appreciated stock for real money if I need the cash (and possibly pay low capital gains rate)." Duh! No sh-t! But how about a high yield stock like MWE that has more than doubled since I bought it and pays 12% on my purchase price. I would rather have that than a growth stock that pays no dividend and has gone down in price.
'Buying Dividend Stocks For Income' Arguments Don't Make Sense [View article]
Larry, the trick is that if you buy a stock that goes down in value with no dividend, you sell it quickly while the loss is small. The same principle applies to both high yield stocks and no yield stocks - if they lose money, you sell them quickly. This analysis would have cut about 2500 words off your article.
14.5% Dividend Payer KKR Quadrupled Its Economic Net Income In 2012 - More Growth Ahead [View article]
Well, lets start with the caption - 14.5 % dividend payer. That is obviously wrong. The most it has ever paid has been the last year, when the distribution based on the present price was a yield of 6.31%.Then your mumbo jumbo about units and distribution, saying that it should have been obvious to anyone with knowledge when you didn't know it. So in what category does that put you? It is too bad that Seeking Alpha lets anyone post articles. When it started out, it was better than Motley Fool, but now both are in the same category letting anyone who walks in from the street post articles.
Armour: This 17% Yielder Is A Buy Now [View article]
I looked up this guy's profile and the articles he has written. He is a computer sciences grad with some experience in biotech companies, but he has written about everything under the sun. There is apparently no subject that he does not know enough about to write a misleading article. Too bad Seeking Alpha doesn't screen its contributors or at least provide an ignore button.
Why MLPs Are Extremely Overvalued As An Asset Class (Part 3) [View article]
Let me also add: Since I bought MWE at 22.50 on 9/21/09, in addition to the distributions of $4.57 and an increase in stock price of 111% versus an increase of 14.5% in the S&P 500 over that period of time. I know the past doesn't count, the future is risky and Armagedon is upon us, but until shown empirically to the contrary, I will persist in my old profitable ignorant ways.
Chesapeake Energy Midstream Partners: Increasing Dividend Growth for Years to Come [View article]
I would not trust McClendon on anything, except feathering his own nest. Why would I buy into a company where he controls the drop downs. He has already sold off the drop downs in the Eagle Ford Shale and would do so in a minute if it benefited him.
Two High Dividend Canadian Oil Royalty Trusts [View article]
The trouble with CanRoys is that beginning this year, the Canadian government has increased the tax withholding from 15% to 25%. This is not recoverable in IRAs or 401(k)s. I have never known anyone who has been successful in recovering this from the Canadian government. You can claim this as a credit on your US taxes up to $300 without filing a special form. If you go over this, it is difficult to claim the entire amount withheld as a tax credit. You usually only get a portion of it. For this reason, I am phasing out of all my CanRoys this year.
14.5% Dividend Payer KKR Quadrupled Its Economic Net Income In 2012 - More Growth Ahead [View article]
Michael, your statement is known in logic as the argumentum ad populum usually illustrated with the proposition that "Forty (or whatever number) million Frenchmen can't be wrong. The fact that a lot of people believe it does not mean that it is correct. Many million Americans still believe there were weapons of mass destruction in Iraq in spite of the fact that none were ever found. (I don't mean to start a political argument, just to give an example. If you don't like this one, pick your own - no global warming, no evolution, etc. There are plenty of them.) I read David White too, but that doesn't mean that is his always right. I'm just looking for ideas like everyone else and select the ones I think are right.
14.5% Dividend Payer KKR Quadrupled Its Economic Net Income In 2012 - More Growth Ahead [View article]
It seems to me that there are too many misstatements in this article to be able to trust it. When an author has to spend so much time defending his statements (which he admits were either wrong or misleading), the article is worthless. When all is said and done, it is just someone with unknown credentials saying (at the end of an article that has been ripped apart), "I" think it is a good investment. Not enough for me.
I don't know how Murphy Oil got in the comparison when there are so many other better comparisons: PSX, TSO,ALJ,CVRR, which are primarily in the refinery business. Murphy is primarily an E&P company, not a refiner.
Armour: This 17% Yielder Is A Buy Now [View article]
mREITs' Golden Era Is Over: Part II [View article]
While, he hasn't been right yet, it does not mean that he won't be right someday.
'Buying Dividend Stocks For Income' Arguments Don't Make Sense [View article]
"I don’t get the economics here. I can’t understand how any rational investor wouldn’t rather have a stock that doubles in price and pays no dividend than one that pays a dividend and drops in value. I can always sell some of the appreciated stock for real money if I need the cash (and possibly pay low capital gains rate)."
Duh! No sh-t! But how about a high yield stock like MWE that has more than doubled since I bought it and pays 12% on my purchase price. I would rather have that than a growth stock that pays no dividend and has gone down in price.
I Am Short American Capital Agency After Q1 Numbers [View article]
Annaly: Expect A Big Jump In 2013 On Low Valuation [View article]
'Buying Dividend Stocks For Income' Arguments Don't Make Sense [View article]
14.5% Dividend Payer KKR Quadrupled Its Economic Net Income In 2012 - More Growth Ahead [View article]
Armour: This 17% Yielder Is A Buy Now [View article]
Why MLPs Are Extremely Overvalued As An Asset Class (Part 3) [View article]
Chesapeake Energy Midstream Partners: Increasing Dividend Growth for Years to Come [View article]
Two High Dividend Canadian Oil Royalty Trusts [View article]
Two High Dividend Canadian Oil Royalty Trusts [View article]
14.5% Dividend Payer KKR Quadrupled Its Economic Net Income In 2012 - More Growth Ahead [View article]
14.5% Dividend Payer KKR Quadrupled Its Economic Net Income In 2012 - More Growth Ahead [View article]
Why Valero Energy Might Be A Buy [View article]