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Jim Voss

Jim Voss
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CBL, CIM, D, SD, SFL, TA, UNG
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  • My 2014 Diversified REIT Portfolio Designed For Outperformance [View article]
    Thank you as always for your astute ability to uncover potentially undervalued REITs and the like . . . agree with many of your selections such as CBL, AHT, and VTR (which I have held for many years and observed their excellent management). FUR was not on my radar, but is now, and really appreciate your insight on it. Great article.
    Jan 7, 2014. 12:42 PM | Likes Like |Link to Comment
  • TravelCenters Of America: Value Play Or Value Trap? [View article]
    Also extending my kudos for a very thorough analysis - TA is not an easy company to garner insight into and your research was well balanced and much appreciated. Still think there could be a strong upside here but not sure I am willing to keep making that bet given all the head winds.
    Sep 19, 2013. 10:32 AM | 1 Like Like |Link to Comment
  • Shopping For Yield With CBL & Associates [View article]
    Nice article on CBL - not a lot on SA about them and your article was well done. They don't have the name recognition of a Simon or Tanger, but seem to be well run and present a great risk-reward balance. They have a mall not far from where I live which seems to be well managed and in a quality market. Thank you for the analysis.
    Jul 22, 2013. 04:58 PM | Likes Like |Link to Comment
  • Ship Finance: High Yield Dividend Facing Future Dark Clouds [View article]
    Agree with your thoughts on monitoring SFL closely, and agree it is a volatile stock. But as a long-time shareholder I have seen them address these challenges before, especially with Frontline. The big factor in their favor is that Billionaire Jon Fredriksen is a large shareholder in SFL, as he also is in Frontline, and has come to the rescue before to backstop these companies. I know that's no guaranty though and appreciate your insight.
    Feb 27, 2013. 05:45 PM | Likes Like |Link to Comment
  • Equity CEFs: The Best Leveraged Fund Values Right Now [View article]
    More excellent insight - have been investigating GRX since an earlier mention from you, and agree whole heartedly with your conclusions. Very solid fund on its own merits, but so much better to purchase at a large discount. Worst case is that the discount remains and I only benefit from the generous (compared to common equity) income. Your other ideas here were also appreciated. Thanks very much for the keen insight.
    Aug 7, 2012. 11:21 AM | 1 Like Like |Link to Comment
  • Update On Natural Gas [View article]
    Paulo - I think your thesis of eventual production declines is a good one, as I have repeatedly read about Producers in dry plays like Barnett and Haynesville shutting in . . . but I guess it takes a while to turn around a battleship as large as total gas production. At the same time I appreciate your wait and see attitude, for the quotes I read from Marcellus players mostly discuss further growth even at these prices, and a couple producers including Anadarko have committed to expanded drilling in the Rockies, again even at these prices. Anyways - nice balanced article - thanks.
    Jul 21, 2012. 01:37 PM | 1 Like Like |Link to Comment
  • How To Profit From The Shale Gas Boom [View article]
    Agree with the other comments on what a balanced and thorough article this was. Thanks for the big picture view. Many other articles on shale have missed the negative impact to railroads, so extra kudos for that. On a related note, shale technology obviously is impacting oil production too, and some railroads (i.e. CNI, CP) are moving enough oil to offset the coal losses. But this benefit will probably be limited to railroads with access to the major shales, especially those without a lot of pipeline infrastructure like Bakken. That said, thanks again for the informative work.
    Jun 29, 2012. 09:03 AM | Likes Like |Link to Comment
  • Natural Gas: The Buy Of The Decade [View article]
    I thought ChartProphet put together a nice analysis hitting the significant drivers and personally I agree with your conclusion, though I'm still uncertain if it can happen this summer as storage levels bloat. But then again, market is forward looking. Did want to point out that when comparisons to foreign markets are considered, I have seen analysis that adds $4/dth or more to US prices to liquefy and transport. I think that still makes it quite competitive, but also am not sure if US politics will let liquefaction be expanded significantly. Those are just my opinions though - the article was great - thanks.
    Jun 16, 2012. 10:44 AM | 2 Likes Like |Link to Comment
  • Energy Volatility Killing SandRidge Stock [View article]
    Article is a nice high level overview of Sandridge, and I do agree with your conclusion that small E&P companies are challenged to operate given the volatility of oil prices. However in my opinion Tom Ward was wise to be an early mover from NatGas to oil. While NG has a bright future in general, there is a surplus supply in North America while it could take years for markets to expand to get back to equilibrium. Meanwhile oil can be readily exported into the global markets. While at a BTU level a barrel of oil is about six times the energy equivalent of NG, oil is trading at about 25 times or more the value of NG. If oil rebounds to $90 plus, I believe SD will prosper. However if it stays at current levels or lower, you are right about an uncertain future. Thanks for the analysis. Disclaimer: Long SD
    Jun 12, 2012. 03:21 PM | 1 Like Like |Link to Comment
  • How Sandridge Energy Turned A $400 Million Investment Into $8.7 Billion Of Value In 2 Years [View article]
    I really enjoy your balanced and fact based analysis on companies like Sandridge. I'm a long time holder of SD and a pretty big believer in the vision of Tom Ward, even though I do appreciate your points about the unpredictability of the business model. Thanks for another good article.
    Mar 3, 2012. 11:24 AM | 1 Like Like |Link to Comment
  • Dominion: A Play On Natural Gas Price Disparity [View article]
    Nice perspective and charts to support your point. I have heard the O&G majors are starting to develop similar shale plays around the globe which could quickly lead back to price parity for NG. But then again that also is not certain, and Dominion seems to be a well run utility and have good prosepcts without LNG exports. So this could be a reasonable investment with a nice upside pop if your theory plays out. Thanks for the article.
    Feb 8, 2012. 10:45 PM | Likes Like |Link to Comment
  • Oil And Gas: A Trend That May Pull Down Pipeline Stocks, MLPs And ETFs/ETNs [View article]
    I think the article is a good alert that the pipeline industry is going through some of the most significant change in their history. While I agree that the Marcellus will be a negative for some, it also will be a tremendous positive for those building infrastructure to link new supplies to markets or be the first to adapt to the change (witness that even REX pipeline may reverse and move gas from east to west instead of west to east. Plus some of the assets most impacted by these changes are already highly depreciated on the owners books, while opportunities for new construction for these players mean opportunity to increase distribution. Still I agree on the emphasis on changes to the industry and for anyone investing in the sector to be aware. Thanks for the informative article.
    Jan 11, 2012. 01:19 PM | 3 Likes Like |Link to Comment
  • Why Chimera Investments Is A Bad Dividend Income Stock [View article]
    I think jhu663 hit it on the head that the metric that drives the dividend is taxable income and not GAAP earnings. And while a majority of the CIM holdings are non-agency, earnings comments over the last two quarters from management have stated that their portfolio has behaved in-line with their expectations. Plus while non-agency securities pose larger credit risks than agency MREITS, their much lower leverage compared to the Agency MREITs means less impact if short and long term rates continue to converge. Finally, there has been a fair amount of insider buying in CIM, including a rather sizeable purchase by a director recently. So while it is fair to question the risk-reward in holding CIM, my feeling is it is more a matter of your macro economic forecast than anything that CIM has reported so far.
    Nov 26, 2011. 04:39 AM | 2 Likes Like |Link to Comment
COMMENTS STATS
13 Comments
12 Likes