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  • Is the mortgage REIT business going out of business?  [View news story]
    While well intended, your observations may be just adding fuel to the fire exacerbating the selling of REIT's. I wish I had the cash to invest in more REIT's right now. Since we have taken such a hit, there is no point in selling anymore. Regardless of price, the dividends will continue to flow(I hope). I plan on riding it out like in 2008.
    Jan 20, 2016. 10:53 AM | 21 Likes Like |Link to Comment
  • Two Harbors: Grave Concerns  [View article]
    Whatever they cut it to it will still be better return than T-Bills assuming you stay long. In the mean time we are all going to suffer mentally until stock prices go back up about 20+ percent. I can wait. Everyday I say to myself that the 25 basis point increase in the interest rate is already priced into the stock and every day TWO drops a little more. I wish folks would think that the increase indicates the economy is looking good and it is a positive thing if you buy and hold. I think this is a great time to buy. Lots of bargains out there in the REIT world.
    Nov 12, 2015. 04:34 PM | 3 Likes Like |Link to Comment
  • The One mREIT I Would Buy Right Now  [View article]
    Great minds think alike. Bought some after hours last night. Paid 12.66. Thinking about buying some more in the 12.40 range.
    Sep 29, 2015. 04:48 PM | 1 Like Like |Link to Comment
  • Futures power higher, but will they stay there?  [View news story]
    I do not trade stocks for a living but I do live off the dividends does that make me a "professional"? I was long in 2008 and rewarded by hanging in there. Same holds true now. I wish I were only 2K in the hole. Its not the price of the stock that matters it is the dividend stream that matters. Wish I had 100k to buy more stock at these deflated prices especially when you look at the discounted values to NPV or Book.

    Today is great day to be alive and investing in America. Empty those cash reserves and go shopping. You won't regret it. My weighted dividend rate is 12.07%. If I could replace my holdings at these prices, my return would be 16.26%
    Aug 26, 2015. 10:39 AM | Likes Like |Link to Comment
  • MORL: Twice The Risk For Not A Lot Of Fun  [View article]
    I guess I am one of those "foolish investors" (which I resent by the way) who focuses on yield but not certainly blindly. If a REIT or MLP is not currently paying at least 10%, I keep on looking. The current market value of a stock I hold is not relevant to me in the short run or perhaps even in the long run. I still own the stock and long as it is generating a nice cash flow why worry about its current value? The dips just create a buying opportunity. If the dividend drops significantly say down to 5%, that is another matter and requires review of the holding.

    I have been investing for a long time and I have never found "dividend chasing" to be a risky way to make investment decisions. At least not any more risky than other investment strategies. To the contrary, I think there was only one year where the DJI average outperformed my portfolio. I can't say the same for the NASDAQ or the S&P averages. It is a see-saw battle there.

    As a retired investor, it is all about share accumulation not the value of the shares. Only the share pays the dividend and I do not sell stock to pay bills.

    So cringe away my friend.
    Aug 14, 2015. 06:08 PM | 15 Likes Like |Link to Comment
  • Compass Diversified: 8.5% Dividend Yield, 10%-20% Undervalued  [View article]
    I share your enthusiasm for CODI. I purchased in 2009 for $8.50 with yield today in the 17% range. Would not sell it on a bet.
    May 20, 2015. 09:20 AM | Likes Like |Link to Comment
  • Cash Flow Vs. GAAP: The Battle Goes On At Eagle Point Credit And Oxford Lane Capital  [View article]
    I do not understand the drop. I see no press releases and it is too far from the EX-Date for the market makers to make change. Does anyone have a clue? Seems very odd. Given the lack of news and volume of trading, looks to me to be institutional activity. Given the EX-Date is the 15th, why dump now unless someone figures the stock is going to drop more than $.60 before the Ex-Date. Looks like a self fulfilling
    Mar 4, 2015. 04:00 PM | Likes Like |Link to Comment
  • CVR Refining: Looking Into The Puzzling 30% Decline  [View article]

    I appreciate your commentary since it is one that I actually understood. I think the addition of a chart reflecting CVRR margin percentages compared to the price of oil may have strengthened your case that pure play refiners such as CVRR are somewhat immune to the price oil since they pass through crude oil costs.

    The concern I have with CVRR is that they may not be able to increase their margin dollars because of limited refining capacity. Lower gas prices should result in increased demand at some point. Am I all wet here?

    Jan 2, 2015. 09:51 AM | Likes Like |Link to Comment
  • MORL December Dividend Higher - Annualized Yield 23.1%  [View article]
    Thanks but I have the same information.
    Nov 20, 2014. 10:04 AM | Likes Like |Link to Comment
  • MORL December Dividend Higher - Annualized Yield 23.1%  [View article]
    Please explain how you came up with a 23% yield. I think it is closer to 7.4%. (12X.1343/$21.75). I know it has wild swings in its monthly payouts but 23%?

    Nov 19, 2014. 09:34 AM | Likes Like |Link to Comment
  • Companhia Energtica de Minas Gerais EPS of R$26.6M  [View news story]
    I waded through the report but I could not find where they posted the Core or Net Income per share nor the current BV per share. Can you assist me? Lacking that info I am unclear why you believe the 2015 dividend is gone.
    Nov 14, 2014. 09:47 AM | Likes Like |Link to Comment
  • The Fed Has Ended QE, Should We Dump Annaly?  [View article]
    I concur with you regarding higher interest rate may mean higher dividends. In 2008 rates were much higher as were percentages paid out. Also not being an expert, it seems logical to me that higher interest rates make room for greater spreads. Further, higher interest rates should put an end to refinancing. I would like to see mortgage rates in the 6-7% range. I still think that is still low enough as to not greatly discourage residential and commercial construction or purchases. Better to make more money on fewer loans than to make less money on more loans. On the flip side higher rates could increase defaults. Whatever stay long and ride it out.
    Oct 30, 2014. 09:45 AM | 4 Likes Like |Link to Comment
  • How To Know When A REIT Is Worth Buying  [View article]
    As a long time investor in REITs I find that "Protect My Principal At All Costs" does not work for me if the "cost" means that I do not receive an adequate dividend stream to supplement my Social Security income to provide a decent retirement. Since I have no intention of selling securities to provide a source of income, a reasonable dividend plays a much more important role in my investment strategy. Yes I am a dividend chaser but it has worked very well for me. With the exception of 2013, my portfolio has out performed the three major indexes every year (I do have some MLP's and asset management holdings in the mix).

    I would love to have my cake and eat it too but it is not a perfect world. I have target for annual dividend income so I buy or sell holdings to maintain that stream. I do look at a number of factors before I buy or sell but the focus is on dividends and not maintaining principle. I love a down market even if I have to take a principle hit for a short period. Great time to buy. If the dividends are within my acceptable range and earnings tend to support that range, cash from dividends in excess of my current needs are quickly invested.
    Much goes on in this world that drives stock value which has very little to do with a REIT's ability to pay dividends such as what is going on in China or Europe. Even the spread of ebola affects the market. Even in a down market like 2008 and 2013, my dividend stream exceeded my target.

    Everyone's needs are different. If you are not retired then principal preservation may rank high on your list. If you are retired and plan on selling stock to live on, you may also believe in capital preservation. Then there is the third group like myself that do not view REIT's as risky investment where the focus is on share accumulation and associated dividends.

    One shoe does not fit all sir.
    Oct 13, 2014. 09:42 AM | 4 Likes Like |Link to Comment
  • Cornerstone Progressive Return - A CEF With A 20% Dividend  [View article]
    The referenced "cost basis" I am referring to is the purchase price of the stock not discounted by any subsequent dividends received.
    Aug 14, 2014. 10:13 AM | 1 Like Like |Link to Comment
  • Cornerstone Progressive Return - A CEF With A 20% Dividend  [View article]
    Your analysis of CFP caused me to look at the chart for CFP over the past 5 years. It does not look very good. The dividend started out at .205 and is now at .0773. The price has dropped from the $10 range down to $4.60 and showing no signs of recovery. The decline in price has eaten up most if not all and more of the dividend payout. Based on average cost I am getting a 16% dividend. The obvious question is "is it worth it?". For sure it is not a buy and hold stock. When do I dump it?. My cost basis is $5.72. Without a little more analysis to confirm my suspicions, it appears that I continue to lose money the longer I hold it. Any suggestions out there?
    Aug 14, 2014. 08:28 AM | 1 Like Like |Link to Comment