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Mktneutralhedger

Mktneutralhedger
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  • Zoe's Kitchen Has A Bright Future Ahead [View article]
    Is this the next Chipotle? If yes it is a buy if no it's a sell. At least at current valuations. I like its attractive unit economics: $1.5M average unit volumes “AUV” with 20% restaurant margins and 30% cash on cash returns) and caters to a high-end, college-educated, affluent, primarily female customer demographic (70% of visits) with an average household income of >$100k. However, average ticket is just $10.00. I like its niche offering with very little direct competition: Mediterranean food is less crowded and faster growing than sandwiches or burgers.
    Fast-casual industry gold standard Chipotle (CMG) currently has ~2,000 units in the US and a market capitalization of $22B (vs. ZOES at just 132 and $600M). So the potential is large but the company must grow pretty fast to justify current valuations.
    Jan 27, 2015. 04:05 PM | Likes Like |Link to Comment
  • McDonald's Isn't Cheap Yet [View article]
    I do agree. MCD would be interesting only in the low 80s but in order to get there I am afraid we need a general market malaise.
    Jan 26, 2015. 11:40 AM | 2 Likes Like |Link to Comment
  • Update: American Express - Don't Throw This Credit Card Company Away Just Yet [View article]
    If the market correct 5-7% and the stock another 10% I might step in.
    Jan 23, 2015. 09:41 AM | Likes Like |Link to Comment
  • eBay: A No-Brainer [View article]
    Most hated companies usually perform well...
    Jan 23, 2015. 09:24 AM | 1 Like Like |Link to Comment
  • Market Vectors Vietnam ETF: Vietnam Looks Like A Must Have For Your Portfolio [View article]
    The country continues to recover from the real estate induced economic slowdown of 2011-12 as GDP is expected to grow by 6% in 2014 and 2015 compared to 2013. Though issues still remain in the banking sector with respect to non-performing loans, economic activity has been showing signs of picking up over the past few quarters with industrial activity growing by 7.6% in 2014 compared to 5.9% in 2013.
    Jan 22, 2015. 07:07 AM | Likes Like |Link to Comment
  • Market Vectors Vietnam ETF: Vietnam Looks Like A Must Have For Your Portfolio [View article]
    An active fund would be a much better choice, for example Vinacapital Vietnam Opportunities (VOF) listed in London.
    Jan 21, 2015. 04:31 PM | Likes Like |Link to Comment
  • Ellington Financial: A 15% Yield Trading At A Double-Digit Discount To Book Value [View article]
    I noticed that but why? Becuase they hedge systematically? What is their real competitive advantage?
    Jan 17, 2015. 02:07 PM | Likes Like |Link to Comment
  • Ellington Financial: A 15% Yield Trading At A Double-Digit Discount To Book Value [View article]
    You cannot compare apples with oranges!
    Jan 17, 2015. 02:05 PM | Likes Like |Link to Comment
  • Hot-handed forecaster sees yields continuing to fall [View news story]
    We started the year with the craziest spculation ever. Crude oil weekly RSI just touched 9...such an oversold level has never been experienced by any major asset class in economic history!
    The bond rally is just the other side of the coin.
    Jan 14, 2015. 09:28 AM | Likes Like |Link to Comment
  • My Best Idea For 2014: Newcastle Investment, An 'Aging' REIT [View article]
    Best idea for 2015!
    Jan 13, 2015. 07:07 PM | Likes Like |Link to Comment
  • Why Is Anyone Buying Long-Term Treasuries? [View article]
    So why not buying Brazilian bonds that are much higher? Will they all converge to zero?
    Jan 13, 2015. 07:03 PM | 1 Like Like |Link to Comment
  • Why Is Anyone Buying Long-Term Treasuries? [View article]
    They buy it 'cos they bet on deflation and they the yields on the German Bunds falling to new record lows every day. The fact is current US yield ALREADY reflect all this. I think there's too much pessimism around. Too many were wrong on rates so they close their position sending long bonds higher. We are reaching critical levels now and I guess the reward of being long bonds is becoming very small comparing to the risk of holding them.
    Jan 13, 2015. 11:51 AM | Likes Like |Link to Comment
  • Ellington Financial: A 15% Yield Trading At A Double-Digit Discount To Book Value [View article]
    Owned for longtime the baby bond AIF, waiting for some weakness to step in. Funny how these listed baby bonds without rating have outperformed the low end of the credit market (B and lower) in the last 6 monhts.
    Jan 12, 2015. 03:05 PM | Likes Like |Link to Comment
  • Ellington Financial: A 15% Yield Trading At A Double-Digit Discount To Book Value [View article]
    I remember mREITS down big when rates went up in Summer 2013. Now mREITS faltering since rates going down. Maybe the sector is a lose-lose investment? I played the sector through the many preferred issued by companies such as HYS, MITT, AMTG but now they outperformed junk by a wide margin I doubt there's no much value left.
    How EFC differentiate itself from competitors?
    Jan 12, 2015. 02:53 PM | Likes Like |Link to Comment
  • Update: Starz Acquisition [View article]
    Stock reacting pretty bad to the latest comments excluding the possibility of being acquired. I think it is starting to become interesting again in the mid $20s.
    Jan 9, 2015. 12:55 PM | Likes Like |Link to Comment
COMMENTS STATS
1,140 Comments
447 Likes