Nam Tai: Shares Could Double By Year-End Driven By Apple Ramp [View article]
"With approximately $4 of free cash flow per share..."
This statement should read "$4 of CASH per share". NTE's FCF per share was negative for both FY2011 and for TTM.
Bought NTE back when Cash/shr exceeded the share price. The company has since burned through almost half its cash. Still Long, but considering reducing my position.
Banking Bucks Until The Next Big Pullback [View article]
Mike, great minds think alike and...well, you know the rest.
Currently at 23% cash and also thinking of hoarding more. I own a handful of the names you mention and I'm watching several more on that quality list. I don't expect to see Spring-2009 prices again, but there WILL be bargains. BTW, my primary metric to determine when to pull the trigger is FCF yield, using historical comparisons.
Are Annaly Capital And mREITs Right For Seniors? [View article]
Captain et al, Philip Mause occasionally writes about BDCs. He's my kind of SA contributor: he only posts occasionally, but he always has something substantive to say and it's always a worthwhile read.
More Reasons To Buy Bank Of America Shares Now [View article]
Andrew, I detected absolutely no disrespect in your comment and meant none in mine. Besides, snarky comments which add nothing to the conversation abound on this site -- and the net in general.
Banks are a bear to dig into and rip apart, especially for the accounting-challenged (I speak as a card-carrying member) and, from where I stand, the task is best left to the more talented and tenacious among us.
More Reasons To Buy Bank Of America Shares Now [View article]
"People have a tendency to stigmatize things that they don't understand, especially when they aren't willing to put the effort in to understand the "thing" in question."
True words. In my case, the absence of 'willing' is trumped by the absence of 'able' (no CPA in my future). Bank financials are particularly daunting or, as HOF horse trainer Leroy Jolley once said, "Not a game for boys in short pants". His words on horse racing seem applicable here.
More Reasons To Buy Bank Of America Shares Now [View article]
" If you can tell me 1 thing about the dozens of trillions of complex derivatives that make up the balance sheet on any bank than you are super human. Book value is meaningless when the true value is unknowable "
I quite agree. In a way, RS inadvertently makes your point for you:
RS: "If this lawsuit is tossed out, not only will BAC not have the legal fees to pay, but the amount set aside (in the billions one could assume)...."
It sure would be instructive to know the exact amount. Nonetheless, I agree with RS's overall view. I made a successful trade in BAC back in '09 and I think another may be possible from these levels.
I've been in a BAC branch a few times to transact with my sister. Made me glad I bank with WFC. BAC still has work to do. And the Countrywide and Merrill Lynch acquisitions still concern me. But if BAC didn't have so many warts, the stock price would not have been punished as it has.
Another knock on the bullish thesis is that, in a managed economy like China, the regime could mandate the use of locally mined iron to support the local economy, despite the fact that imports are of higher grade and of equal or lower cost. We're seeing these kinds of directives in Brazil, among other places. Such mandates in China would come as no surprise.
Open Letter To ETF Industry: Create A Better Dividend Growth Product [View article]
DVK, it seems to me that the history of Wall Street is: If the demand is there, they will fill it. If they don't have something right now to fill it, they will build it.
Given the growth in the number of boomers which you cite, it's just a matter of time. Maybe not exactly according to your specs, but close, and a lot closer than what's out there now.
Winthrop Realty - Let The Income FUR Fly [View article]
Since I own the preferreds of Santander and HSBC, as well as a couple from Aegon and another from Allianz, I look forward to your take on European banks or European financials in general.
Most High-Yield CEFs Show Great One-Year Returns: Dump The Underachievers [View article]
Tim, I own GGN and doubled up back in June. My yield-on-cost is exactly 11%. Methinks GGN is a good long-term holding because natural resources are down somewhat right now and the gold producers are seriously undervalued vs. the commodity.
So when will the gold producers' shares rise and bump up the NAV of GGN ? Dunno. But with an 11% yield (and monthly dividends), it's easy to be patient.
BTW, I've noticed that CEF Connect isn't working correctly, specifically the interactive chart of Price and NAV when 'Since Inception' is desired. The site is also no longer breaking down the components of the most recent distribution as it once did (i.e., income, ROC, cap gains, etc.)
The Real 'Better Advice For Seniors' [View article]
"His last article with Seeking Alpha was July 3rd...."
Nam Tai: Shares Could Double By Year-End Driven By Apple Ramp [View article]
This statement should read "$4 of CASH per share". NTE's FCF per share was negative for both FY2011 and for TTM.
Bought NTE back when Cash/shr exceeded the share price. The company has since burned through almost half its cash. Still Long, but considering reducing my position.
Banking Bucks Until The Next Big Pullback [View article]
http://bit.ly/SmW0IM 14 seconds in....
Fact is, though, I am so depraved, it would astound you.
Banking Bucks Until The Next Big Pullback [View article]
Currently at 23% cash and also thinking of hoarding more. I own a handful of the names you mention and I'm watching several more on that quality list. I don't expect to see Spring-2009 prices again, but there WILL be bargains. BTW, my primary metric to determine when to pull the trigger is FCF yield, using historical comparisons.
Good honest article. Thx...
Are Annaly Capital And mREITs Right For Seniors? [View article]
More Reasons To Buy Bank Of America Shares Now [View article]
Banks are a bear to dig into and rip apart, especially for the accounting-challenged (I speak as a card-carrying member) and, from where I stand, the task is best left to the more talented and tenacious among us.
Good luck in your pursuits.
More Reasons To Buy Bank Of America Shares Now [View article]
True words. In my case, the absence of 'willing' is trumped by the absence of 'able' (no CPA in my future). Bank financials are particularly daunting or, as HOF horse trainer Leroy Jolley once said, "Not a game for boys in short pants". His words on horse racing seem applicable here.
More Reasons To Buy Bank Of America Shares Now [View article]
I quite agree. In a way, RS inadvertently makes your point for you:
RS: "If this lawsuit is tossed out, not only will BAC not have the legal fees to pay, but the amount set aside (in the billions one could assume)...."
It sure would be instructive to know the exact amount. Nonetheless, I agree with RS's overall view. I made a successful trade in BAC back in '09 and I think another may be possible from these levels.
I've been in a BAC branch a few times to transact with my sister. Made me glad I bank with WFC. BAC still has work to do. And the Countrywide and Merrill Lynch acquisitions still concern me. But if BAC didn't have so many warts, the stock price would not have been punished as it has.
A Bullish Thesis For Dry Bulkers [View article]
4 Profitable Large Cap Dividend Stocks Gaining Analyst Favor [View article]
4 Profitable Large Cap Dividend Stocks Gaining Analyst Favor [View article]
Open Letter To ETF Industry: Create A Better Dividend Growth Product [View article]
Given the growth in the number of boomers which you cite, it's just a matter of time. Maybe not exactly according to your specs, but close, and a lot closer than what's out there now.
Have faith in Da Boyz on da Street....
Winthrop Realty - Let The Income FUR Fly [View article]
Winthrop Realty - Let The Income FUR Fly [View article]
Mike, "Churchill" is not mentioned anywhere else in the article. Would you expound ???
BTW, are you long NRF or the preferred ? I'm long the common and have an eye on the preferred, but haven't acted yet.
Most High-Yield CEFs Show Great One-Year Returns: Dump The Underachievers [View article]
So when will the gold producers' shares rise and bump up the NAV of GGN ? Dunno. But with an 11% yield (and monthly dividends), it's easy to be patient.
BTW, I've noticed that CEF Connect isn't working correctly, specifically the interactive chart of Price and NAV when 'Since Inception' is desired. The site is also no longer breaking down the components of the most recent distribution as it once did (i.e., income, ROC, cap gains, etc.)