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Anonymous 2

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  • mREITs Trading At Steep Discounts To Book Value Violates Efficient Market Theory [View article]
    I suggest author and readers compare Total Returns of REM with dividends reinvested (as a proxy) vs other "total return" mREITs (5 biggest market cap) as well as your choice of "growing dividend" ETFs - such as those included in the article - in an IRA account - assume purchase at the 2013 high price during first 6 months of 2013 to the year end 2013 price.
    It will be interested to see these same "total return" statistics after another 12 - 24 months and compare the monthly standard deviation of monthly change in price to determine "risk adjusted returns.
    Jan 18, 2014. 01:03 PM | Likes Like |Link to Comment
  • Alnylam Pharma slips after big rally [View news story]
    it might be "of interest" to readers if one or more of your Technical analyst gurus can shed any light on the "coincidence of stocks" which "tend to fill the Gaps" (almost always) left between the close on one day and the opening price on the next day.
    In this case there is a 20 point gap.
    It might also be of interest to your readers to learn about the difference between the use of

    (A) the pattern of positive or negative change in the closing price between two days
    (B) The pattern of positive or negative changes between the opening price and the closing price

    ... to determine market Accumulation vs Distribution assuming the specialist is in a position to know more about what is in the crowd at his post and what is in his book which enables him to
    operate at a profit (this is why he is business) while maintaining an orderly market.
    Jan 14, 2014. 12:17 PM | Likes Like |Link to Comment
  • Dogs of the Dow outperformed in 2013 [View news story]
    I note that when comparing DOD to both the $INDU and the $SPX using StockCharts, DOD outperforms both indexes over one, two and three years.
    Question since DOD is an ETN and does not payout dividends, to what extent are such comparisons valid - to what extent can DOD compare with the indexes unless the Stock Charts show the return of all dividend paying companies assuming reinvestment of dividends.
    Are there charts which show assumed dividend reinvestment over the various time periods as well as just showing the price change. ?
    I realize this is pretty basic - but ...
    Dec 30, 2013. 01:45 PM | Likes Like |Link to Comment
  • Are Business Development Companies Obscuring The Cost Of Your Fund? [View article]
    Next time Michael Rawson prepares an analysis of BDCs and in addition to his updated views of BIZD, I would be interested in his views of the BDCS - the non leveraged (Wells Fargo) ETN which is otherwise similar to the BIZD ETF in terms of holdings.
    I would also like to see an analysis which breaks down the two potential elements of the Growth plus income Total return offered by investment in any of the growing number of BDCs.
    The "growth" potential and maturation of these young, emerging growth companies into small cap growth companies of each of the BDC companies and thus the recognition that their "high risk debt" is becoming less risky thereby potentially providing the growth component,along with an analysis of the "current yield" of the debt - as well as the financed company being able to continue paying the high risk high yield interest rates (income ) component in the future.
    Dec 16, 2013. 01:56 PM | Likes Like |Link to Comment
  • I Own This Stock That Has Yet To Make A Profit [View article]
    Subject GAPS.
    I appreciate your work and coverage of most of the important criteria relative to valuing a potential investment in a stock.
    Those who use fundamentals to select a specific investment often times use technical analysis to help in the execution of price and timing of their accumulation and liquidation decisions.
    One concept many of those who use technical analysis use is based on the (More than co-incidental?) statistical expectation that stock prices almost always - and eventually - "fill the gaps" left when a stock opens up above the previous day's close and does not back off intraday and closes above the previous day without filling this gap.
    With re to DXCM, there are two very obvious recent examples of this GAP: a 3.0 gap in early August between the close of 22 and the open of 25 and in early November a gap of about 4.70 when it closed at 27.16 and opened at 31.86.
    Have you ever considered this "Gap" phenomenon?
    Time will tell with regard to this specific case.
    Dec 13, 2013. 12:53 PM | Likes Like |Link to Comment
  • 3 Countries Could Pressure EM Bond ETFs [View article]
    any thoughts on the "new" EMAG in terms of comparative allocations and weightings and strategy?
    Dec 12, 2013. 11:27 AM | Likes Like |Link to Comment
  • Checking Up On The Dogs Of The Dow [View article]
    Most know that the DOD does not pay out a dividend.
    Based on the total return of equal investments (in an IRA)
    using DOD, SDY, SPY, DIA, DVY and a select few
    other dividend paying ETFs, how does DOD compare
    on a risk adjusted (Volatility of price) total return for the
    1, 3, 5 years and from the inception of DOD (07?) assuming reinvestment of dividends for those who pay out.
    Dec 12, 2013. 11:10 AM | Likes Like |Link to Comment
  • Dividend Stocks With Better Revenue Growth, Lower Beta And At Least 10% Price Gain Targets [View article]
    Although the portfolio of DOD is based on the 10 highest dividend payers in the DJIA, it does not pay out a dividend.

    How would the total return and other risk adjusted performance data of DOD compare with similar data using dividend reinvestment for all other Dividend paying stocks - specifically including those you used in this very informative article.I very much appreciated the various spreadsheet formatted presentations.They helped tell the story.
    Dec 7, 2013. 10:52 AM | Likes Like |Link to Comment
  • RAIT's Composition Sounds A Little Like Beethoven's 5th [View article]
    What is the symbol for the new RAS cvt notes?
    Dec 5, 2013. 06:32 PM | Likes Like |Link to Comment
  • RAIT Financial Trust Prices Public Offering of Convertible Senior Notes Due 2033 [View article]
    Is the an announced symbol for this offering?
    Dec 5, 2013. 12:54 PM | Likes Like |Link to Comment
  • RAIT gains after convertible note offering [View news story]
    Is there any reason to not include the new symbol of this new offering?
    Dec 5, 2013. 09:49 AM | Likes Like |Link to Comment
  • Right Now Is The Wrong Time To Be Buying BDCs [View article]
    Factoids:many thanks for your thoughtful response. My implied hypothesis assumed that your spreadsheet included your own considered opinion as to what makes up a reasonable estimate of dividend payout as well as a target price which takes into consideration your own conclusion/observation of the current valuation as being "over" or "under" valued. With this as an assumption, I figured the projected next 12 months of dividend payout would be just one factor to be added to the current price, perhaps with your own estimated current price at YOUR estimated whatever % premium or % discount the stock was selling at.
    I do realize this would be subjective but leaving the "target prices" as they are listed - and undefined as to the specific infomation they seem to imply - does not provide (me) with much additional value as do the other statistics in the spreadsheet.
    Thanks again .
    Dec 1, 2013. 08:59 PM | Likes Like |Link to Comment
  • Retiree: What Role Should High Yield Play In A Distribution Stage Portfolio? [View article]
    I liked your analysis. As an additional filter, I suggest you use Yahoo Finance to view the 5 and 6 year charts (To include the bear market period) using the compare mode to compare DOD with any one of the stocks mentioned in the above comments with DOD and the following four ETFs: SDY, DVY, SPY, SCHD. Do this for each of the stocks you are considering.The COMPARE mode only enables comparisons to 5 or 6 others. So use the ones suggested as an example of well known and recognized indices and dividend paying ETFs
    DOD is an ETN and thus may not be a good comparison. I included it since it is focused on the 10 HIGHEST yielding stocks in the DJIA.
    Do this to include the two previous bear market years as well as each of the past 4, 3, 2 years and 12 months.
    As many/most of your readers know, DOD does not pay out a dividend but its portfolio is managed and adjusted to reflect the "total return" performance of the 10 highest yielding stocks of the 30 stocks in the DJIA. Note: SCHD is structured to be somewhat similar to DOD But uses the criteria used by SP500 to create a group of stocks which have a 25 consecutive year record of increasing dividend payouts and is similar to DOD in that it selects the highest yielding of these 50 to 75 consecutive increasing dividend payers.
    Dec 1, 2013. 11:28 AM | Likes Like |Link to Comment
  • Right Now Is The Wrong Time To Be Buying BDCs [View article]
    Great Article.
    I like your spreadsheet format
    I copy and pasted it to my excel.
    It might be of some interest to your readers to add a column between the Target and the DIV and named it the % CHG to measure the % difference between the Most recent stock price and the estimated Target Stock price to which one could add the projected 12 month Dividend yield based on the most recent stock price to determine the projected "Total Return".
    Your thoughts?
    Nov 30, 2013. 03:29 PM | Likes Like |Link to Comment
  • Baker Street Capital's Big Bet: The Next Catalyst To Drive USA Truck Shares Higher [View article]
    Does anyone have any response to the tendency of stocks to eventually fill their gaps - like it eventually most always happens?
    The HUGE gap at the end of September - from around 6.5 to 9 - a 40% gap - on about 500,000 shares - ?? and then no price change on virtually no volume - for almost 3 weeks - ?? It will be interesting ...
    Nov 20, 2013. 10:17 AM | Likes Like |Link to Comment