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poclerk

poclerk
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  • MBA Mortgage Applications [View news story]
    I guess all of the above explains why Mr. Case and Mr. Schiller haven't shown up yet to buy my home; no one will loan them any money.
    Sep 10 08:53 AM | Likes Like |Link to Comment
  • Medley Capital: BDC Risk Profiles [View article]
    I appreciate your articles as I prefer to invest in BDCs by owning their exchange traded debt issues. For example, with Medley Capital, I am more comfortable with MCV and MCQ. I rarely trade these securities; I buy and hold until they are either called or mature. However, I closely monitor the performance of these companies just as if I owned the common shares, and your articles are very helpful.
    Sep 9 05:39 AM | 7 Likes Like |Link to Comment
  • This Managed Duration Preferred CEF Has An 8.3% Distribution At A 10% Discount [View article]
    I own some FPF and I am comfortable as long as the discount (z-statistic) is wide. Cal Boomer, above, through PCEF into the conversation without using the Powershares ''Correlation Analyzer''. This useful tool available on the Powershares web site reveals that PCEF is highly correlated to equities, such as the S&P 500, while FPF is negatively correlated to equities and more correlated to bonds, either junk or investment grade. Both PCEF and FPF are okay investments, depending on how they fit your diversification and asset allocation model. And now, please forgive me,but I must preach: Investment results are 88% determined by asset allocation and only 12% by individual security selection. See the Vanguard website.
    Aug 22 12:48 PM | 1 Like Like |Link to Comment
  • Time To Batten Down The Hatches? [View article]
    Bargain Hunter: I don't want to scare you but we think alike. I love the detail in your article and I own many of the securities you mentioned, but I want to talk about something humorous regarding ABRN. Earlier this week the price plunged to about $24 when the additional supply hit the distribution channel and I added at $23.95. The SeekingAlpha author who pumped ABRN at $25 was cautious about it at $24.
    Aug 7 05:42 AM | Likes Like |Link to Comment
  • Arbor Realty Trust: A 7.4% Yield And Principal Protection For Your Retirement Account [View article]
    Josh; ABRN price plunged yesterday because the supply increased and I presume there was too much supply for the distribution channel. The common, ABR, was essentially unchanged. I bought more ABRN at $23.95 and I think investors should ''back up the truck'' on this security at these prices. Any thoughts?
    Aug 5 08:08 AM | Likes Like |Link to Comment
  • CEFs: An Opportunity In A Nuveen Floating Rate Fund [View article]
    I own ARDC.
    Aug 4 08:15 PM | Likes Like |Link to Comment
  • CEFs: An Opportunity In A Nuveen Floating Rate Fund [View article]
    Bought VTA today at $12.67. I have traded in an out of VTA several times in the past and always made money, and I really only sold because the discounts narrowed.
    Aug 4 04:08 PM | Likes Like |Link to Comment
  • Mortgage REITs - Like The Yield But Not The Volatility, Here Is An Alternative [View article]
    Mike at Rubicon: Take a look at ABRN which is an exchanged traded debt issue, $25 par value, maturing in 2021, available today at about $24. I paid $23.95. This is not a perpetual preferred.
    Aug 4 03:27 PM | Likes Like |Link to Comment
  • CEFs: An Opportunity In A Nuveen Floating Rate Fund [View article]
    Thanks for the article. Long JQC and other senior loan funds. The discounts certainly widened last week and are widening again today. Since Doug Albo is mostly an equity guy I think it is very significant that he spotted JQC.
    Aug 4 03:23 PM | Likes Like |Link to Comment
  • S&P Case-Shiller HPI rises in April [View news story]
    I said it last month and I will say it again next month and I will say it again today:
    ''I wish Mr. Case and Mr. Shiller would buy my house.''
    Jul 29 01:20 PM | Likes Like |Link to Comment
  • Avenue Income Credit Strategy: Distressed Credit Investing At A Discount [View article]
    Here is my comment, for what it is worth. George Spritzer and Steve Bavaria, along with Doug Albo, are my CEF gurus and any one of them is 50 times smarter than I am. However, when you read George's comments carefully, and you see how hard it is with various assets at these prices to find something to comfortably invest in, it just seems to me like I am hearing a bell ringing and that bell is saying ''run for safety, the party is just about over''. Both mention TCIFX, which I have owned for years, up 11.5% in 6 months. What in the hell do we expect? In 2007 a friend of mine said to me ''as long as I am getting 13% a year I am happy'', but unfortunately, I didn't hear that bell.
    Jun 30 01:58 PM | Likes Like |Link to Comment
  • Commerce Bancshares: Avoid This 6% Yield [View article]
    Preferred stocks are one of my favorite asset classes but I have now sold every single one of them because of price appreciation and because they are perpetual. Perpetual means perpetual, so I have redeployed into short duration CEFs selling at meaningful discounts.
    Jun 30 06:24 AM | Likes Like |Link to Comment
  • Templeton Emerging Markets Income Fund declares $0.20 dividend [View news story]
    I went into TEI Friday and bought more today and my average cost is now $14. What I like about this fund is the very good long term performance and also, and this is very important to me, the portfolio's bond duration is very low, now less than 2.
    Jun 16 04:34 PM | Likes Like |Link to Comment
  • S&P Case-Shiller Home Price Index rises in March [View news story]
    I wish Mr. Case and Mr. Shiller would buy my home.
    May 27 09:21 AM | 4 Likes Like |Link to Comment
  • Nuveen Build America Bond Fund: A Taxable Muni Bond Closed-End Fund That Pays You To Own It [View article]
    Thanks George. Do you have any opinions on JMT and JLS, two mortgage term trusts also liquidating in 2020?
    Mar 18 10:25 AM | Likes Like |Link to Comment
COMMENTS STATS
366 Comments
262 Likes