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Emerald

Emerald
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AAPL, ABT, ADP, AGG, AMJ, AROW, AT, ATW, AVB, AXP, BAC, BBEP, BBK, BBL, BCS, BHP, BMY, BND, C, CHK, CHKR, CL, CLX, CMLP, CNSL, COF, COP, CSCO, DRI, DTN, DUK, E, EEP, EMB, EPD, EQR, ERF, ETP, FB, FTR, GALE, GE, GIS, GLD, GPC, HCP, HDV, HNZ, IBM, IDMCQ, INTC, IYH, IYR, JE, JNJ, JPM, KMB, KMI, KMP, KO, LAG, LEH, LINE, LO, LQD, LYG, MAA, MCD, MER, MSFT, MUB, NE, NGLS, NLY, NOV, NS, NUE, O, OHI, OIH, PAA, PBA, PEP, PFN, PG, PHK, PM, PWE, RCI, RIG, SDRL, SDY, SEP, SLB, SNH, SO, SPY, SYY, T, TLT, TOT, TXN, UL, URA, URPTF, USO, UYG, VALE, VIVHY, VTR, VZ, WB, WFC, WIN, WM, XLF, XOM, YUM
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  • Is Equity Residential A Fortress REIT Brand To Buy Now? [View article]
    Brad, I can tell from a number of comments that many people don't really understand the apartment business. If you want a stable and growing company, look to where home prices are very high, namely the costal markets. These markets are also where young people want to be and where the cost to build anything is high and permitting takes forever. That's what is known as a multifamily moat. Yes, people also go to Austin and Atlanta, but there is still land to build on at a reasonable price that keeps rent growth in check. Good for the renter, not the investor.

    Companies Like Equity Residential and AvalonBay figured this out and headed for the coasts. Both companies have solid management and great financials. There are a number of well managed, public apartment REITs out there including Home, United Dominion and Camden, but these are only buys when the apartment REITs are on sale. Home prices are more reasonable in the second and third tier cities and more young people will buy them as the economy improves.

    As for the stock price, I agree $45 to $50 or a max of 16 times FFO is about all you should pay for a solid REIT like EQR. Long: EQR, O, HCN, VTR
    Mar 28 11:07 PM | Likes Like |Link to Comment
  • Detroit In Chapter 9: Orr Plays Hardball [View article]
    TAS, all politicians borrow money to fund pension shortfalls, even Republicans. Some defer payments. It's a shell game, hoping economic growth will bail them out or they will get out before the system crashes. Ask Chris Christie in New Jersey, another bottomless pit. Regards
    Mar 28 12:33 PM | 1 Like Like |Link to Comment
  • General Electric Shareholders Will Do Fine Without Radical Cuts [View article]
    Tim , good article and I like Gary Schuster's comments about an analysis of each business and division. Regarding the stock, I believe there is no margin of safety at a 20 P/E today. Long: GE, EMR, ITW, GPC Regards
    Mar 28 11:14 AM | Likes Like |Link to Comment
  • Rich And Retired? Don't Buy Dividend Stocks [View article]
    Uncle Pie, I understand your investing parameters and own a number of non-U.S. stocks. However, your assumption that the U.S. dollar will depreciate more or faster than other major currencies is a risk factor. For example, the Canadian dollar has dropped 10% versus the $USD from the beginning of 2013. Investors in Canadian stocks, such as myself. have seen a decrease dividends this year when converted to $USD. The companies are fine, they raised their dividends, I received less. The Euro has held up, but the Japanese are trying like crazy to appreciate their currency. It's a mixed bag. Regards
    Mar 13 10:21 AM | 2 Likes Like |Link to Comment
  • My Transition To Required Minimum Distributions (RMDs) [View article]
    May be, thanks for this post. I thought I had every beneficiary issue handled until I did a review of all my accounts recently. I found a number of missing "contingent beneficiaries" on life insurance, IRA's, etc. It's a good idea to do a complete review. Regards
    Mar 11 12:39 PM | 4 Likes Like |Link to Comment
  • Pembina Pipeline: 4 Different Insiders Have Purchased Shares During The Last 30 Days [View article]
    Holding TRP, ERF, PBA in Canadian energy. Also, RCI and BCE. No reason to sell. Regards
    Mar 10 11:44 PM | 2 Likes Like |Link to Comment
  • Apartment REITs - Time To Move Out? (Part 1) [View article]
    You may be correct in your overall analysis, but some of these companies have the majority of their properties in hard-to-build areas such as Boston, NYC, Chicago, and San Francisco. This doesn't justify a 20X FFO multiple, but they are less affected by the aggregate new construction that takes place in Florida, Texas, Georgia, etc. The mid-caps in these states will be punished the most by the building. This may be a reason some of these companies are trading at lower multiples. Regards
    Mar 10 12:02 PM | 2 Likes Like |Link to Comment
  • This Time It Is Different - Americans Are More Pessimistic [View article]
    eagle, nothing is free, even education in Europe. Taxes are much higher, so you end up paying on the installment plan. You might argue this is a better method as it spreads out the costs over the entire population, similar to healthcare. Citizens with few or no children pay part of the cost for others through taxes. Here, most things, except Medicare and Social Security, are a la carte. You are correct in that the middle class and poor don't have excess marginal cash, but many still have 401k's and the public pensions invest in the stock market. Regards
    Mar 9 03:28 PM | Likes Like |Link to Comment
  • This Time It Is Different - Americans Are More Pessimistic [View article]
    James, I agree with you. There is a fair amount of negative sentiment out there and the stock market is highly valued on thin trading. The overall economy is on the mend at a slow, steady pace. I am investing in stocks on dips. I'm leery of any new bond holdings due to duration risk although I don't see ten year rates moving up much more than 30 basis points by year end. Some comments here reflect the deeply held passion against the Fed and the Executive branch. That, as you say, is in the rear view mirror. Regards
    Mar 7 06:25 PM | 2 Likes Like |Link to Comment
  • PepsiCo Struggles With The Challenge [View article]
    Article is long on conjecture, short on statistics. The point?
    Mar 6 04:07 PM | 3 Likes Like |Link to Comment
  • Is Sysco Heading In The Right Direction? [View article]
    I currently have a position in Sysco and note that the dividend increase has been below 4% for the last three years. I am concerned with the slow growth of the restaurant business, especially in the middle market pricing and will keep a close watch on the stock. I would not add more until I have a feel where the economy is going.
    Mar 3 01:44 PM | Likes Like |Link to Comment
  • Rogers Communications, Inc. - Dividend Fact Sheet [View article]
    Show me, now is the time to add to well run Canadian firms as the U.S. dollar has dropped 10% versus the Canadian dollar over the last year. I don't see any further meaningful erosion from this point. Even through the companies have raised their dividends, many in the U.S. will see a 9-10% "cut" when translated into $US if purchased a year ago.
    Long: RCI, BCE, PBA, ERF, TRP
    Mar 1 11:30 AM | Likes Like |Link to Comment
  • Why I Sleep Well At Night Owning This Blue Chip Health Care REIT [View article]
    Penny, no one can be sure they will increase their dividend. As to a BBB rating, there is no great advantage for a REIT to have a much higher rating. BBB is the first level of investment grade so they receive the advantage of cheaper pricing on debt than non-investment grade companies. A higher rating means they have to meet more stringent credit categories (amount of debt, debt service coverage, etc.) that, in my opinion, offers limited gains to the bottom line. Regards Long: EQR, VTR, O, HCN
    Feb 28 10:42 AM | 3 Likes Like |Link to Comment
  • Sell Gross, Buy El-Erian? I'll Take The Other Side Of That Trade [View article]
    Jim, well said. Gross is the essence of PIMCO and, yes, he was able to take advantage of a long bull market to gather assets and make money for bond investors. Unlike others, he acknowledges this fact that the wind of interest rates was at his back. Going forward will be a more difficult challenge in an artificially Fed-controlled market for the next decade. Many mutual fund investors bailed on Total Return because he had a few bad months with an incorrect rate call.

    Hopefully, the new managers at PIMCO can learn from Bill and carry on successfully. Regards
    Feb 28 10:32 AM | 1 Like Like |Link to Comment
  • Kinder Morgan Energy Partners: Still Not A House Of Cards [View article]
    Roger, well done and succinct. Keep up the good work. Long: KMP, KMI
    Feb 27 11:34 AM | 1 Like Like |Link to Comment
COMMENTS STATS
1,215 Comments
1,891 Likes