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Dozo

Dozo
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  • Short Armour And Long American Capital: mREIT Pair Trade [View article]
    MTGE has definitely outperformed ARR over the past 3 months; however, more than 2X as much money is flowing into ARR as MTGE (source BigCharts).
    Apr 8, 2013. 02:35 PM | 2 Likes Like |Link to Comment
  • Update: Arch Coal's Q3 Earnings Report Confirms The Company Is Not Drowning [View article]
    I watch Arch Coal's bond prices to help me determine bankruptcy risk. Bonds maturing 2019-21 are currently trading $.39-.51 on a dollar with some yields above 30%.
    Oct 28, 2014. 03:39 PM | 1 Like Like |Link to Comment
  • Avoid This Utility Giant Stock [View article]
    Check the money flow into EXC over the past 2 months, and you will see positive inflows. I am holding because I think a bottom has formed and the reduced dividend is still attractive.
    Mar 7, 2013. 06:06 PM | 1 Like Like |Link to Comment
  • Armour Residential: Strong Dividends Set To Continue [View article]
    MREITs dividends are paid out of cash reserves, not out of earnings.
    Jan 21, 2013. 05:26 PM | Likes Like |Link to Comment
  • Exelon: Potential Dividend Cut May Be Deeper Than You Expect [View article]
    Why does Morningstar show EXC yield at 5.21?
    Dec 1, 2012. 10:48 AM | Likes Like |Link to Comment
  • Exelon: Potential Dividend Cut May Be Deeper Than You Expect [View article]
    Can anyone tell me why Morningstar shows EXC yield as 5.21%?
    Dec 1, 2012. 10:46 AM | Likes Like |Link to Comment
  • Manic Monday For mREITs [View article]
    I suspect all the sell stops were executed yesterday. MReits are hugely oversold. Amazingly, money flow is still showing positive for most. I am holding CYS, AAR and REM.
    Oct 16, 2012. 01:38 PM | Likes Like |Link to Comment
  • Annaly: Reversal Of Fortune [View article]
    I sold NLY because earnings do not approach paying the dividend. Payout ratio for NLY 2010-2012 (Morningstar) is 129 and much higher beyond 2012. The important ratios for CYS, ARR, and AGNC are fine and I will continue to hold. While conventional wisdom is that a bad ecomomy will hurt PSEC, I think it may not harm PSEC, and in fact, may actually improve demand for their loan services.
    Oct 2, 2012. 10:11 PM | Likes Like |Link to Comment
  • A Fatal Attraction To REIT ETFs [View article]
    Brad, kmi,
    I am glad I asked the question because my assumption was not even close. I now understand the attractiveness of a NNN lease.
    Thank you
    Sep 26, 2012. 09:02 AM | Likes Like |Link to Comment
  • A Fatal Attraction To REIT ETFs [View article]
    Brad,
    Please define your "triple net sector."
    Thank you
    Sep 25, 2012. 11:38 AM | Likes Like |Link to Comment
  • An unmistakable trend is under way as investors cash in their bond ETF holdings and pour the money into stock funds. "A lot of fixed-income oriented people have decided to start chasing equities," says an ETF trader, as they fear being left behind by an equity market juggernaut (they already have been). Also seeing a rush are precious metals ETFs - the physical and the miners. [View news story]
    I have nothing against physical holdings of gold; however, I prefer IAU/GLD as an inflation hedge. What am I missing?
    Sep 22, 2012. 10:38 AM | Likes Like |Link to Comment
  • Prospect Capital: A Better Choice To Earn Double Digit Dividend Yield [View article]
    Tim,
    Your comment makes sense to me and is much appreciated.
    Thanks
    Sep 13, 2012. 05:55 PM | Likes Like |Link to Comment
  • Prospect Capital: A Better Choice To Earn Double Digit Dividend Yield [View article]
    I am long several MREITs--CYS, AGNC, NLY, ARR, and just added PSEC. When interest rates start to rise will the BDCs be affected the same as the MREITs?
    Sep 13, 2012. 12:05 AM | Likes Like |Link to Comment
  • The success of the mortgage REIT industry (both in garnering AUM and providing shareholder returns) is swell, writes Sober Look, but will end as another chapter in the story of leverage. Borrowing short and lending long, the companies are exposed to rising rates and the chance of financing being cut off - threatening not just shareholders, but U.S. mortgage markets. [View news story]
    Unless congress passes legislation to mitigate sequestration and extend--at least some of the Bush tax cuts--the stock markets will swoon. How much, your guess is as good as mine. The 'swoon" (for lack of a better word) will take down every public equity. My money says holders of individual investment grade corporate bonds will do just fine. I have a bunch of individual and corporate bonds, but also inter alia hold CYS (my favorite) PSEC, NLY, AGNC, AAR, IAU, EXC (hate, but will hold), and PEMDX. If I ever sell my VWIAX, VWELX or VGHCX, it means the barbarians are at my door and you should flee as well.
    Sep 12, 2012. 04:52 AM | Likes Like |Link to Comment
  • As part of its merger agreement with Constellation, Exelon (EXC +1%) says it will sell its three Maryland coal-fired power plants to Raven Power for $400M. The sale is expected to close in Q4, and will generate about $205M in tax benefits, with the majority to be realized in 2012 and 2013. EXC will record a pre-tax loss of about $275M in Q3 to reflect the difference between the estimated sale price and the carrying value of the plants. [View news story]
    America has bountiful coal (and gas and oil) resources. It is unfortunate the current administration will not exploit carbon fueled energy in any form. Appears to me EXC is selling at a loss--hence the tax benefits.
    Aug 9, 2012. 06:29 PM | Likes Like |Link to Comment
COMMENTS STATS
19 Comments
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