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davidbdc

davidbdc
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  • Activist details plan on PREIT [View news story]
    Land & Buildings owns less than 1% of the stock and they have not been in PEI for a long time.

    Management should tell them to pound sand.

    We should continue to see increasing NOI and let that flow through to shareholders via increased dividends and everything will take care of itself over time.

    Just because on company overpaid for some assets doesn't mean the market will then value all similar assets at the same valuation. PEI has done an overall good job of coming out of the financial recession. Not perfect but pretty good and shareholders should be able to look forward to increased dividends and higher share price over time.

    We don't need financial engineering BS.
    Oct 21 12:13 AM | Likes Like |Link to Comment
  • Targa Resources Raises The Bar For MLP Acquisitions [View article]
    APL and ATLS unitholders got taken to the cleaners. After we get done paying taxes we'll have lost a lot of money and get a smaller distribution!!

    Total BS.
    Oct 15 12:06 PM | Likes Like |Link to Comment
  • Atlas Resource Partners: What Does The Recent Transaction Mean? [View article]
    It means unit holders will end up holding the bag as usual.

    Cohen in the most recent quarterly call swore that there was no plan to consolidate the entities..... less than two months later we have a fire sale.

    We got ZERO, NADA, ZIP for the PXD production growth that is ALREADY COMMITTED!!!!

    This deal is a giveaway and unit holders will be handed the tax bill. I'd have been better off selling in the open market 6 months ago!!
    Oct 15 08:56 AM | Likes Like |Link to Comment
  • Cheniere shareholders vote no to Souki pay package, but it's non-binding [View news story]
    This is the kind of stuff that is just stupid.

    He already owns a good number of shares - why does he need millions more? For a year of work?

    Shareholders should vote out any board member that votes for this.
    Sep 18 12:39 AM | 3 Likes Like |Link to Comment
  • U.S. dumping decision bad news for U.S. Steel, analyst says [View news story]
    Why are we even allowing Turkey to import????? They support Islamic nutjob groups in the Middle East.

    As part of our environmental regulations we should mandate US made steel!!!! And claim that due to all our other environmental regulations US steel plants produce less pollution than those in these other countries.

    Done.
    Sep 10 02:44 PM | Likes Like |Link to Comment
  • Buybacks a boost to EPS, yield, and share price [View news story]
    Could be.

    Doesn't change the practice of management buying back shares to award to themselves. Nor does it change the fact that this results in a tremendous transfer of wealth from existing shareholders to management. Far too often for a job not well done.
    Sep 6 06:55 PM | 2 Likes Like |Link to Comment
  • Buybacks a boost to EPS, yield, and share price [View news story]
    Stone Fox - Did the USA do better under the old rules or under the relaxed rules pertaining to both buybacks and executive compensation (in the form of equity)?

    That answer seems pretty obvious to myself. Far too many companies are simply shifting money to the executive suite that used to find its way back to shareholders, invested into the business - both in terms of capital expenditures and higher pay for employees.

    Pay packages for management should be very clear - pay them whatever salary you want - pay them cash bonuses based on performance. Then it is very transparent and there aren't these short term incentives to boost the stock price next week rather than focusing on the business in five years.
    Sep 6 06:53 PM | 2 Likes Like |Link to Comment
  • Buybacks a boost to EPS, yield, and share price [View news story]
    Buybacks are only a boost to executives pockets. Shares are bought and handed over to the executives.

    We should roll back the rules and make buybacks non-existent. Money can be returned to shareholders through dividends in the short term and investing in the business in the longer term.
    Sep 6 03:22 PM | 3 Likes Like |Link to Comment
  • Analyzing Prospect Capital Corp.'s Recently Restructured Control Investments And Its Impact On NII [View article]
    Folks are overly concerned. What is the worst case scenario?

    Now they pay 11 cents a month. Personally I think that's a penny too high given the existing financial situation. But even if they went down to 9 cents that's still $1.08 a year and a nice yield.

    The much larger concern - and the one that I believe they need to address - is what has changed at First Tower. That deal was one where we bought majority control of the business and the management team was to remain. Something has changed and I'd like to know what the issue(s) is and what is being done. You don't wake up one morning and suddenly realize your making half of what you expected. PIK is just make believe accounting. 20% to 10% is a staggering reduction and not acceptable.

    I would also expect that due to this - there would be some pain felt by the executives in terms of compensation - they made the decision - and they should see compensation cut substantially due to the outcome being 50% less than expected.

    So while I'm not very happy with recent developments around FT - I see no reason to panic. I fully am prepared for a dividend reduction - and as a long term holder would rather they do it sooner rather than later. I do not wish to see even riskier loans being made to try to make up shortfalls. Make solid loans and as NII increases then start increasing the dividend again.

    IMO worst case scenario is a 9 cent dividend. 10 cents is likely - and as long as its truly covered by NII then I'm perfectly ok with that.
    Sep 6 02:59 PM | 1 Like Like |Link to Comment
  • Buybacks a boost to EPS, yield, and share price [View news story]
    There is no reason for stock buy backs and they shouldn't be allowed.

    Executives buy back the stock and then award it to themselves. That does nothing for existing shareholders. It also leads to executives making short term cost decisions to make THEIR options and equity worth more in the very short term but does nothing for the long term prospects of the business.

    Dividends and investing in the business and people are the only two uses of cash that should be allowed. We should repeal the measure that greatly expanded the ability of companies to buy back their shares.
    Sep 6 02:43 PM | 3 Likes Like |Link to Comment
  • The Big African Sukuk Boom: Why South Africa Matters [View article]
    Yeah, Just what we need. More Islamic anything.
    Aug 30 02:10 PM | 2 Likes Like |Link to Comment
  • Dividend maintenance in focus on Prospect Capital earnings call [View news story]
    Well, as an owner I'm disappointed that First Tower hasn't worked out as planned. Its a big part of the gap and I'd really like them to have an investor day where they go into depth on the FT business and the reasons the payout has been cut in half and what the future prospects are.

    Its likely that the last dividend increase isn't sustainable over the longer term. I wouldn't oppose rolling it back and going back to 10 cents a month. I don't want them chasing riskier deals just to hypothetically cover the dividend. Stick with the deals they believe are solid and if that leaves us with 10 cents a month for the foreseeable future then that's ok with me.
    Aug 26 12:19 PM | 9 Likes Like |Link to Comment
  • North Dakota saltwater spill cleanup could take years [View news story]
    Not good to say the lease. Hope the state government gives them a heft fine - enough to pay for the entire cleanup.

    I support fracking and development, but we have to do it correctly - otherwise the environmental wackos will gain public support and stop the flow entirely.
    Jul 22 11:56 AM | 1 Like Like |Link to Comment
  • Colorado governor, oil companies hope to thwart drilling ballot measures [View news story]
    What Colorado should do is limit the number of Californians and New Yorkers that they allow to move to the state!!! Let those folks stay in their own ruined states and live in liberal la la land.
    Jul 19 11:32 AM | 8 Likes Like |Link to Comment
  • U.S. cuts estimate of recoverable Monterey Shale oil by 96% [View news story]
    From what I've heard the geology is indeed different in much of this play. But I've not heard anyone saying that its a insurmountable problem.

    I suspect that if companies were given the green light to develop that they would give it a shot - develop slightly different techniques and processes and perhaps develop some new technology - and they'll soon be revising those estimates.

    No one should believe there will be NEW development in CA anytime soon. You'd have to be certifiable to want to get involved with California bureaucrats and regulators.
    May 21 03:09 PM | 1 Like Like |Link to Comment
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