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John Huss

John Huss
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  • NorthStar - A Preferred Alternative [View article]
    There are those of us willing to sacrifice current yield for lower volatility, particularly since dividends on the common could go down as well as remain constant or go up. As the author notes, which is to be preferred depends on one's risk profile.
    Dec 16, 2014. 11:38 AM | 1 Like Like |Link to Comment
  • Real Estate Options With Annaly Capital Management Inc. [View article]
    Since the founding genius behind Annally died a year or so ago, I consider the company to be under NEW management, so their historic track record while not to be dismissed is less relevant to projecting their future.
    Dec 13, 2014. 03:34 AM | Likes Like |Link to Comment
  • Vanguard Natural Resources Bonds: Throwing The Baby Out With The Bathwater [View article]
    As an owner of a small position in the PFDS, I commend you for this useful analysis.
    Dec 13, 2014. 03:28 AM | 1 Like Like |Link to Comment
  • Is BreitBurn Energy Partners Ready For A Tough 2015? [View article]
    Watching my shares of BBEPP, a cumulative pfd, crater along with VNRBP and VNRCP, is teaching me a painful lesson on not understanding the risks involved in these MLPs. Since the PFDs are cumulative, even if distributions are suspended, I suppose I will be OK in the long run unless the partnerships go into bankruptcy. Any comments on the PFDs would be appreciated.
    Dec 12, 2014. 01:04 PM | 1 Like Like |Link to Comment
  • Have Your Cake, Eat It Too, And End Up With Only Crumbs [View article]
    For investors with smaller personal accounts margin loans can be expensive. Buying a leveraged CEF puts you in a low cost margin like situation with the attendant risks and benefits of leverage.
    Dec 12, 2014. 12:15 PM | Likes Like |Link to Comment
  • An Appetizing REIT With 9% Icing On The Cake [View article]
    Since I own some of the NRF Pfds, I wonder what others think of their risk level given the modus operandi of management suggested above
    Dec 10, 2014. 08:04 AM | Likes Like |Link to Comment
  • An Appetizing REIT With 9% Icing On The Cake [View article]
    One might wonder whether management has sufficient expertise to manage such a diverse portfolio. What do you think?
    Dec 9, 2014. 08:11 AM | 2 Likes Like |Link to Comment
  • Are Lower Tax Preferred Stock Dividends Really A Better Deal? [View article]
    As a subscriber to his pay service, I can say that for me it is well worth the cost, not only for his articles but for the discussion group in which subscribers can post comments and ask questions.
    Dec 4, 2014. 08:11 AM | Likes Like |Link to Comment
  • Are Lower Tax Preferred Stock Dividends Really A Better Deal? [View article]
    Yes, you are missing something. In context, "trading at a discount" refers to yield, not price per share: 6.92% is HIGHER than 6.27%, so DLR-H is trading at a discount to DLR-G, because it is cheaper per unit of yield for an otherwise similar security.
    Dec 3, 2014. 08:13 AM | Likes Like |Link to Comment
  • Cliffs Natural Resources - The Best Laid Plans Of Mice And Men [View article]
    Your comments on Rubicon Associates are both insulting and misplaced. Rubicon Associates is one of Seeking Alpha's most respected author on matters pertaining to preferred stocks and debt issues. His position on CLF may or may not be correct, but to claim he is shorting the stock is simply a vicious falsehood.
    Dec 2, 2014. 10:44 AM | Likes Like |Link to Comment
  • Are Lower Tax Preferred Stock Dividends Really A Better Deal? [View article]
    The superior relative value of non-QDI Pfds from quality companies to QDI Pfds is even greater when non-rated REIT Pfds such as those of NLY, AGNC, and MFA are taken into account.

    Thank you for another useful article.
    Dec 2, 2014. 08:16 AM | Likes Like |Link to Comment
  • 5 Reasons To Avoid Solar Capital [View article]
    How safe do you think the SLRA baby bonds are? They are investment grade per S&P (BBB-)
    Nov 11, 2014. 10:08 AM | Likes Like |Link to Comment
  • PGF Vs. SPFF: 2 Preferred Stock ETFs Compete On Their Merits [View article]
    Interesting and useful article. However, please explain what is the basis for your currency weights. Are not all of these issues in $, even if the issuer is foreign? If so, what is the point of looking to the currency of origin. I own some of these foreign issuer pfds and can attest they are $ securities. I would also note that in determining which ETF is best, you make certain assumptions about what is desirable and what is not. If you own your PFDs in an IRA, for example, their dividend taxation rates is irrelevent. As a diversifier in a portfolio including substantial numbers of individual PFDs, I find SPFF the clearly superior alternative precisely because it is not a "same old, same old" portfolio.
    Nov 8, 2014. 10:01 AM | 2 Likes Like |Link to Comment
  • A 6.6% Yield Worth Taking A Look At [View article]
    This issue has been extremely lightly traded. By a miracle I picked up 125 shares two days after it was listed at par. It was impossible to place a trade for a small number of shares earlier in the grey market. I would not touch this issue at its current price, but I would note that Guppiegold's alternatives involve issuers rather riskier than Inland Real Estate Corporation. Consider GPT-B and NYMPT, both of which I own, as higher yielding alternatives which I don't find particularly risky.
    Nov 8, 2014. 09:28 AM | Likes Like |Link to Comment
  • AmTrust Financial Services' Excessive Cost Capitalization Masks De Minimis Tangible Book Value [View article]
    Assuming your analysis is correct, and AFSI will collapse, will you opine on the impact that would have on Maiden Holdings? Would it too end up collapsing?
    Nov 7, 2014. 10:46 AM | Likes Like |Link to Comment