Seeking Alpha

cgm

cgm
Send Message
View as an RSS Feed
View cgm's Comments BY TICKER:
Latest  |  Highest rated
  • Q2 Bond Market Mess Produces Book Value Loss And Possible Dividend Cut For American Capital Agency Corp. [View article]
    $21.85 share price was before the earnings announcement. Large increase yesterday, and some decline today due to reports of a strong economy and some increase in rates. Still, well above $21.85. I expect volatility to continue, but so long as rates rise slowly and the yield curve remains steep, it's a good time to own AGNC and the dividend will be safe.
    Jul 31 12:21 PM | 4 Likes Like |Link to Comment
  • No Country For DryShips [View article]
    You failed to mention that scrapping of ships has increased significantly and newbuilds had dropped dramatically. You also fail to realize that DRYS can at any time sell some of its more than 50% ownership in ORIG to raise cash, so they are in no risk of default
    at any time for many years to come. They are probably in one of the
    best positions of any dry bulk carrier to last through the current downturn. You either don't know much about this stock or you don't want others to know much because you are short.
    Jul 30 11:42 AM | 4 Likes Like |Link to Comment
  • Plains All American affiliate files for IPO [View news story]
    So is it a MLP or a C corp?
    Jul 29 06:47 PM | Likes Like |Link to Comment
  • Atlas Energy (ATLS) declares $0.44/share quarterly dividend, 42% increase from prior dividend of $0.31. Forward yield 3.47%. For shareholders of record August 6. Payable August 19 . Ex-div date August 2. (PR[View news story]
    Wow. Nice increase. It should be interesting to see what the shares do tomorrow.
    Jul 24 07:05 PM | Likes Like |Link to Comment
  • Harvard Bioscience Spin-Off Likely To Drive 50% Near-Term And 100%+ Long-Term Upside [View article]
    There seems to be a lot of wishful thinking here. We have a lousy management leaving a company to "manage" a spin-off with $15 million of the legacy company's assets (to mismanage presumably), leaving the legacy company without experienced upper management. We have a legacy company with a very slow rate of growth dependent on acquisitions for growth. It all depends on whether you are correct that the legacy company can bring in someone who can dress up the legacy company and sell it.
    Jul 19 01:26 PM | 4 Likes Like |Link to Comment
  • Arena Stock Reacts To Sales Pace [View article]
    ARNA had Eisai as a partner before FDA approval.
    Jul 19 11:40 AM | 1 Like Like |Link to Comment
  • Vanguard Natural Resources Now King Of Upstream MLPs [View article]
    I own LINE and VNR (among others). I think LINE will be fine. Right now it is the best bargain, just as BP was the best bargain after Macondo took it down. An informal investigation by a filed office is not like a formal investigation by the national office. If could be some shorts pushed to get the informal investigation, which the officers of LINE felt they had to disclose, thereby playing into the hands of the shorts. A more conservative way to play the LINE situation, if you need to be conservative is to buy BRY. They will do well whether LINE ends up acquiring them or the go it alone, particularly from the current price. [I own some BRY too.]
    Jul 12 04:26 PM | 1 Like Like |Link to Comment
  • American Capital Agency Corp.'s Upcoming Q2 2013 Income Statement Projection (Part 1) [View article]
    Not paying $1.25 anymore. They are paying $1.05.
    Jul 9 06:43 PM | Likes Like |Link to Comment
  • An All-In Bet On David Einhorn: Greenlight Capital Re [View article]
    Hedge fund managers are great at making money, but not for their investors. From 1998 to 2010 hedge fund managers collected $379
    billion in fees. Their investors made only $70 billion. According to Goldman Sachs this year the average hedge fund has made 5% versus 15% for the S&P index.
    Paying 1.5% plus a 20% performance fee is a rip-off.
    One would be better off in BRKB, MKL or, in Canada, Fairfax.
    Jul 2 02:07 PM | Likes Like |Link to Comment
  • KBR To Benefit From LNG Projects Surge [View article]
    "Taper tantrum" - cute
    Jul 1 08:29 PM | Likes Like |Link to Comment
  • Buy The BDC With A Buyback Yield Of 13% [View article]
    I find it odd that ACAS continues to sell at such a discount. I guess the answer is largely that most BDC investors are looking for cash income, which ACAS does not provide. As you say, they do better reinvesting in buying up their own shares. I tell people that if they
    really need the cash income, they can always sell a portion of their holdings and pay taxes at capital gains rates (assuming they sell at a profit).
    Jul 1 08:21 PM | Likes Like |Link to Comment
  • Dividend Payer MFA Financial Well Positioned For Rapid Rate Increases [View article]
    There is no need to file a K-1 with MFA or any REITs. K-1s are onlyh for MLPs and other partnerships.
    Jun 27 12:41 PM | 3 Likes Like |Link to Comment
  • Jordan reportedly is holding talks to become the first country to buy natural gas from Israel, which recently approved a plan to export 40% of offshore energy reserves. A link to Jordan could be established "relatively quickly" by extending a pipeline across Dead Sea salt pools from an Israel Chemicals (ISCHY.PK) plant to an Arab Potash plant. APC's top shareholder, Potash (POT), may be eager to make the connection to lower production costs. [View news story]
    Who's "APC"? Do you mean "ISCHY.PK"?
    Jun 26 12:22 PM | 2 Likes Like |Link to Comment
  • An Oversold High Dividend Stock With Major Earnings And Dividend Growth Ahead [View article]
    Fredriksen has done well with SDRL (which I own) but after doing well for a while, FRO crashed and burned. No matter how smart a guy is, the market can make him look stupid if his timing is bad.
    Jun 23 12:29 AM | Likes Like |Link to Comment
  • Following A Titan Of The Shipping Industries: George Economou And Dry Ships [View article]
    That was a very flattering portrait of Economou. Some would say that he is prone to self-dealing at his investors' expense. Some would say that he should not have committed to so many new builds in the first place. Starting up UDW drilling and spinning it off as ORIG was the move that has kept DRYS out of bankruptcy. I hope he succeeds with DRYS, and I hope his projections are rights, as he has cost me a pretty penny, but I still hold DRYS shares (and some ORIG shares spun off to DRYS shareholders).
    Jun 19 07:25 PM | 3 Likes Like |Link to Comment
COMMENTS STATS
142 Comments
226 Likes