Agency MBS fail to bounce from the "massive liquidation" following Bernanke's testimony yesterday, according to CIBC's Tom Tucci. Suggestions of a tapering of Fed purchases sent Fannie Mae MBS with 3% coupons to their lowest levels of the year. "Right now it seems the only source of demand is the Fed," says BAML's Brad Scott. Unsurprisingly, pure agency mREITs like AGNC and ARR hit 52-week lows today. Annaly (NLY) - now diversified into the commercial space with the CXS purchase - outperforms. [View news story]
The fact of what happened may result in the FED deciding to not stop its QE3 program for quite a while, or to make its exit extremely slow. That would be better for agency REITS.
Stratasys: Only One Thing Is Missing [View article]
These companies appear to have a good future, but their P/Es are insane. I'd wait for a pullback before buying any. There always are pullbacks in these sky-high P/E stocks, and they can be very painful for those who bought before the pullbacks.
American Capital Agency Corp.'s Earnings Disaster - A Warning Of Things To Come? [View article]
I would suggest that unless you need the funds within the next 6 months, I would hold, collect the dividends, and probably see the book value come back some during this quarter. Generally when people panic, they lose. This company has very good managers, and they should do fine going forward, barring some unexpected surprises.
General Partners Offer Leveraged Exposure To MLP Distribution Growth [View article]
So the obvious question that does not seem to have been asked is: Why does the author only own LPs when the article sings praises of the GPs over the LPs?
Sarepta Therapeutics and University of Western Australia Announce Exclusive Worldwide Licensing Agreement for Exon-Skipping Program in Duchenne Muscular Dystrophy [View article]
I get the feeling that they are getting confident of fast-track approval and therefore want to get their ducks in a row before that event. Who knows?
Genie Energy - Is The Genie Finally Coming Out Of The Bottle? [View article]
I would temper my enthusiasm somewhat on this stock. We have major oil companies, such as Exxon, spend huge amounts of money years ago trying to make the Colorado shale financially viable. In the end, they wasted every penny and left Colorado, leaving some very unhappy residents who are probably not very interested in having a repeat performance. Also consider that Syria claims the Golan Heights as their land. There is plenty of risk here and the upside may all be a dream. Until something proves otherwise, I think this stock may bump around in the $5-$15 area, possibly for many years. I wish Howard Jonas and the shareholders the best, but one should keep their heads about this one and not get overly excited unless and until there is truly something to get excited about.
2 Long-Term Catalysts To Consider When It Comes To Plains All American, L.P. [View article]
Thanks for your comments, KS, particularly about the treatment of passive losses (but the link doesn't work for me). I meant that you end up paying taxes on all the deferred amounts from all the time you held the MLP in the year of the sale. That's what I meant by getting "killed". Anyway, if it is a good MLP, it's better to just not sell.
2 Long-Term Catalysts To Consider When It Comes To Plains All American, L.P. [View article]
Trautmann: Here's my take on the tax issue. I am not an accountant or tax attorney, so run this by your advisors first. You will get killed, tax-wise, if you sell a MLP. It would be better to pay capital gains tax on amounts recovered over the purchase price than to pay ordinary income taxes. So it would be best to just hang on and let your heirs receive the MLP with a stepped-up basis.
Are ECA Marcellus Trust Holders About To Get WHXed? [View article]
The author wants to have it both ways on the tax issue. Return of capital is NOT taxed, so don't claim you are getting your money back as a return of capital and then being taxed on it. that's just plain false.
Agency MBS fail to bounce from the "massive liquidation" following Bernanke's testimony yesterday, according to CIBC's Tom Tucci. Suggestions of a tapering of Fed purchases sent Fannie Mae MBS with 3% coupons to their lowest levels of the year. "Right now it seems the only source of demand is the Fed," says BAML's Brad Scott. Unsurprisingly, pure agency mREITs like AGNC and ARR hit 52-week lows today. Annaly (NLY) - now diversified into the commercial space with the CXS purchase - outperforms. [View news story]
Stratasys: Only One Thing Is Missing [View article]
American Capital Agency's Unamortized Net Premium Prepayment Risk Finally Kicks In [View article]
American Capital Agency's Unamortized Net Premium Prepayment Risk Finally Kicks In [View article]
American Capital Agency Corp.'s Earnings Disaster - A Warning Of Things To Come? [View article]
General Partners Offer Leveraged Exposure To MLP Distribution Growth [View article]
General Partners Offer Leveraged Exposure To MLP Distribution Growth [View article]
Genie Energy - Is The Genie Finally Coming Out Of The Bottle? [View article]
Sarepta Therapeutics and University of Western Australia Announce Exclusive Worldwide Licensing Agreement for Exon-Skipping Program in Duchenne Muscular Dystrophy [View article]
Genie Energy - Is The Genie Finally Coming Out Of The Bottle? [View article]
years ago trying to make the Colorado shale financially viable. In the end, they wasted every penny and left Colorado, leaving some very unhappy residents who are probably not very interested in having a repeat performance. Also consider that Syria claims the Golan Heights as their land. There is plenty of risk here and the upside may all be a dream. Until something proves otherwise, I think this stock may bump around in the $5-$15 area, possibly for many years. I wish Howard Jonas and the shareholders the best, but one should keep their heads about this one and not get overly excited unless and until there is truly something to get excited about.
2 Long-Term Catalysts To Consider When It Comes To Plains All American, L.P. [View article]
2 Long-Term Catalysts To Consider When It Comes To Plains All American, L.P. [View article]
You will get killed, tax-wise, if you sell a MLP. It would be better to pay capital gains tax on amounts recovered over the purchase price than to pay ordinary income taxes. So it would be best to just hang on and let your heirs receive the MLP with a stepped-up basis.
Why It's Time To Sell Baytex Energy And Consider These 3 Alternatives [View article]
Are ECA Marcellus Trust Holders About To Get WHXed? [View article]
Are ECA Marcellus Trust Holders About To Get WHXed? [View article]