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  • Ellington Financial +1% as it finds a sell-side friend [View news story]
    For CEFs, BDCs, MREITS it is usually worth it. Naturally you need to believe the underlying performance will get better.
    Jun 18, 2015. 05:02 AM | Likes Like |Link to Comment
  • My Dividend Portfolio: Mead Johnson Q1 2015 Buy [View article]
    Technically a rebound was due but still overly expensive.
    Jun 18, 2015. 04:59 AM | Likes Like |Link to Comment
  • 13.6% Dividend REIT New York Mortgage Trust Is Banking On Credit Investments, Will That Work? [View article]
    At current depressed prices I think preferred shares offer more reward vs risk than the common stock. NYMTO below $23 makes no sense considering the 7.875% annual dividend. I bought early but I will add to my position.
    Jun 15, 2015. 05:16 PM | Likes Like |Link to Comment
  • Avoid Cameco: It Has More Risk And No More Potential Than An Alternative [View article]
    I like UPC too, but a price of C$5.30 vs a NAV of C$5.68 does not make an epic investment opportunity. Anyway since in the past it has been often trading at premium it is attractive.
    Jun 9, 2015. 04:51 PM | Likes Like |Link to Comment
  • Independence Realty Trust purchases Trade Street Residential [View news story]
    I do hope RAS will benefit from this operation, lately it has been moribund.
    Jun 9, 2015. 04:46 PM | Likes Like |Link to Comment
  • A 7.7% Current Yield For Your Retirement Portfolio [View article]
    RFT/RFTA are on sale nowadays. I bought some, I think long-term interest rates are at fair value and I will buy more duration thought municipals thoughout the summer.
    Jun 9, 2015. 03:10 PM | Likes Like |Link to Comment
  • Nurturing Your Portfolio With Mead Johnson [View article]
    You stole the words from my mouth. MJN in the mid-80s might be reconsidered but only because of the M&A appeal. Danone below 60 euros is a very strong long-term investment.
    Jun 9, 2015. 03:05 PM | Likes Like |Link to Comment
  • My Dividend Portfolio: Mead Johnson Q1 2015 Buy [View article]
    For MJN you pay 15.9x ev/ebitda expected for 2015. A little misstep in China and a forward guidance lower than consesus and the stock might follow the path of HSY. Staples are great long-term buys but they have gotten very expensive after the longlasting bull market in equities. Moreover, now they have the headwind of Fx.
    They are mostly priced for perfection. Danone, for example (even with operating margins half of MJN) is trading at a more reasonable valuation (11.7x multiple).
    I have been checking the sector for bargains but I do not see any. Maybe Diageo (DEO) is undervalued but good for a relative value trade more than a long-only position.
    Jun 9, 2015. 02:55 PM | 1 Like Like |Link to Comment
  • PointState's Zach Schreiber Is Bullish On EOG Resources [View article]
    Stephen Roberts (Horseman).
    Jun 3, 2015. 07:10 AM | 1 Like Like |Link to Comment
  • MVC Capital: A Deeply Undervalued BDC [View article]
    Frankly on a relative value they are showing resilience in the face of rising rates. My best risk/reward at the moment are RFT/RFTA.
    Jun 1, 2015. 06:22 PM | Likes Like |Link to Comment
  • PointState's Zach Schreiber Is Bullish On EOG Resources [View article]
    A brilliant portfolio manager sees the things differently, unfortunately.

    "EOG Resources, the largest quoted independent shale producer in the US, has just announced some very poor numbers. Due to the fall in the price of oil and gas, revenues have fallen 43% year on year, reversing a quarterly operating profit
    of $1.2 billion in Q1 2014 to an operating loss of $175 million.
    The company now intends to reduce its capital expenditure by 40% this year to $4 billion. Unfortunately, this is a double edged sword. The more recent cuts in capital expenditure will in turn reduce the forecast increases in production. The business is valued by the stock market as a growth stock.
    Using 2016 forecasts, the stock is trading on 50X earnings and we believe it is at least 50% over valued."
    Jun 1, 2015. 05:32 PM | Likes Like |Link to Comment
  • Why I Will Be Buying More Potash Corp. [View article]
    In the fertilizer space I've always favoured CF and it seems I've been right. Maybe I could reconsider the position in the next few months.
    Jun 1, 2015. 04:04 PM | 3 Likes Like |Link to Comment
  • Senior Debt Yielding Over 7% [View article]
    MVCB @par...good value here
    Jun 1, 2015. 11:11 AM | Likes Like |Link to Comment
  • MVC Capital: A Deeply Undervalued BDC [View article]
    What about the recent accounting issues? I'm buying more baby bonds @par.
    Jun 1, 2015. 10:54 AM | Likes Like |Link to Comment
  • Prospect Capital's NAV, Dividend, Risk, And Valuation To Several BDC Peers (Post Calendar Q1 2015 Earnings) - Part 1 [View article]
    There are so many BDCs around, why limiting the analysis to a handful? Do you think those are the ones with more potential?
    May 27, 2015. 05:56 AM | 4 Likes Like |Link to Comment