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depraved_miscreant

depraved_miscreant
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  • Why Holding Cash May Not Be A Bad Idea In Today's Market [View article]
    I'm sitting on some cash waiting for the shares of companies in commodities, materials and other falling knives to show signs of bottoming, then turning up. The best value is deep value.
    Dec 13 03:27 PM | 1 Like Like |Link to Comment
  • A Shopping List Of Doorbusting CEF Discounts [View article]
    Adam, since you would buy NML now, you must know what's in the portfolio. CEF Connect has no details,CEFA's data is over 6 months old. and the sponsor's website doesn't appear to be much help (at least I couldn't find the particulars).

    Do you have a link ? Gratias....
    Dec 13 03:20 PM | Likes Like |Link to Comment
  • A Shopping List Of Doorbusting CEF Discounts [View article]
    A few interesting issues in MNH's list. While the market price has dropped, the NAVs of ISD and PHD have gone sideways and the NAVs of NHS and VTA have actually risen slightly. Some of the others are recent IPOs.

    Long PHD.
    Dec 13 03:09 PM | 1 Like Like |Link to Comment
  • REITs: The Best Of Times, The Worst Of Times [View article]
    NRF - up bookoo after hours. Spinning off asset management biz.
    Dec 10 06:50 PM | Likes Like |Link to Comment
  • The Triple Net REITs: A Bold New World Of Durable Income [View article]
    I'm aware of that, Adam. I've been in RQI for some time now. The reasons I'm looking at IGR to replace at least part of my RQI position are its more global flavor and the fact that it is unleveraged. I'm reducing/eliminating most of my positions in leveraged CEFs.

    Thanks for the heads-up, though. It's good advice re rising rates.
    Dec 9 01:01 PM | Likes Like |Link to Comment
  • The Triple Net REITs: A Bold New World Of Durable Income [View article]
    Thanks, AA & IF. And AA, I enjoy your articles. Good luck to us all....

    Also long RQI, a 100% US CEF. Portfolio contains several of Brad's longs..
    Dec 9 10:27 AM | Likes Like |Link to Comment
  • The Triple Net REITs: A Bold New World Of Durable Income [View article]
    I doubled up on CSG late last week -- in under $8/shr -- and NRF (not one of Brad's longs) is up to almost twice my buy price.

    Any thoughts on International REITs ? Individual issues are tough to nail, so I've been looking at IGR, a CEF @50% non-US, and RWX, an ETF 100% positioned outside the US. Others ? I'm not a fan of Alpine.
    Dec 9 09:03 AM | Likes Like |Link to Comment
  • Assessing Covered Call Closed-End Funds To Enhance Retirement Income [View article]
    ETJ has an interesting catalyst -- Phillip Goldstein.

    http://seekingalpha.co...

    ETJ might be rolling over as it sits just pennies above its 40wk EMA, but it is worth watching. I don't know if Goldstein has reduced, maintained, or increased his holding since the above interview..

    Long ETY, which I was lucky enough to catch near its low..
    Dec 4 10:49 AM | Likes Like |Link to Comment
  • Investing In The Swings Of The BDC Market [View article]
    FGB is my vehicle for the BDC sector. Currently available at a slight (@1.55%) discount to NAV. @18% levered, 8.24% distribution yield. The fund has been around since mid-2007 and distributions have been on rhe rise since 2009. 42 holdings, which include many of BDC Buzz's picks.
    Nov 6 09:35 AM | 1 Like Like |Link to Comment
  • I'm Not Investing In GOV Since The Thrill Of Victory Isn't Worth The Agony Of Defeat [View article]
    I remember watching a show where President Reagan was at a reception on a ship in England talking to Ms. Thatcher. He told her that a US Govt. department head's primary goal was to expand his department. Having more people under him meant getting a higher pay grade.

    If things have changed, it hasn'ts been for the better....
    Nov 4 09:31 AM | 2 Likes Like |Link to Comment
  • Equity CEFs: A Legg Mason Fund At A Double Digit Discount Outperforming The S&P 500 [View article]
    I took a hard look at SCD, but bought BGY instead. BGY's latest distribution consists of @ 42% ROC, but that's OK given its option strategy. Also, BGY does not use leverage. At this point in the bull, that's exactly what I'm looking for: options strategy, no leverage. Also very different portfolio from SCD, but I already own REITs and MLPS, in both funds and individual issues. I was also looking for a primarily global fund; BGY has < 5% US stocks.
    Oct 16 03:48 PM | Likes Like |Link to Comment
  • The 3 Most Dangerous Stocks In The Market [View article]
    A week ago, Barron's ran a feature on value shop KSA Capital Partners and its manager. I took a look at its 35 holdings and was stunned to see that AEP Industries represented a whopping 44% of the portfolio. I was also somewhat surprised to see that CROX was a new addition and its 11th largest postion (as of 6/30). In all honesty, I don't pay much attention to retailers, but I'm interested in seeing who will be correct on CROX: KSA or Lou.
    Oct 8 10:12 AM | Likes Like |Link to Comment
  • The Most Important Consideration In How You Buy Bonds [View article]
    I was considering using Bullet Shares ETFs as cash substitutes. The distributions are not great for the shorter duration funds, but they beat the ~0% yields of money market funds. A potential downside is that the shares could fall in price from a spike in rates just when I want or need to sell.
    Oct 2 03:38 PM | Likes Like |Link to Comment
  • The Most Important Consideration In How You Buy Bonds [View article]
    I have been looking at the Guggenheim Bullet Shares ETFs, which have fixed maturity dates. They provide the diversification of funds, but with the return of principal of individual bonds. Looks like the best of all worlds for fixed income. Low fee structure, too. ETFs available for munis, corporates and high-yield.

    I don't see a downside (other than possibly paying over par), but everythng has a downside. What am I missing ? Ideas and opinions appreciated.
    Oct 2 01:44 PM | Likes Like |Link to Comment
  • Equity CEFs: Terrific Opportunity In A Duff & Phelps Utility Fund [View article]
    He has also mentioned/featured UTF in a half-dozen of his articles in 2013, beginning in January.
    Sep 27 02:55 PM | Likes Like |Link to Comment
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