Seeking Alpha

larryny

larryny
Send Message
View as an RSS Feed
View larryny's Comments BY TICKER:
Latest  |  Highest rated
  • CommonWealth REIT Files Investor Presentation [View article]
    They have got to be kidding. CWH/RMR management have abused the shareholders for years, skimming the profits off the company shareholders backs and have the worst shareholder relationship possible. Re-appointing poor performing Board members was a slap in the face, then stifling the ability of the shareholders to vote and then to redeem themselves, they all of a sudden discover "correct" corporate governence. Portnoy's are a joke and not only should the control be wrested from them on CWH but all other REIT operators should go after their other fifedom properties. Good bye and good riddance PORTNOY'S!
    Feb 19, 2014. 09:48 AM | Likes Like |Link to Comment
  • With interest rate fears subsiding until at least 8:30 tomorrow morning, mREITs (MORT +1.9%) get a breather. Leading higher were American Capital (AGNC +3.4%), (MTGE +1.1%), Chimera (CIM +2.7%), Hatteras (HTS +2.4%), CYS Investments (CYS +1.9%), Javelin (JMI +4.7%), and Annaly (NLY +1.9%). One theme from conference presentations this week: Most have taken advantage of widening spreads to buy - if rates come in, they're set to profit. [View news story]
    Already took advantage of several risiculous declines and I'm sure ACAS did as well as they have been a consistent buyer, why not NAV exceeds $18.
    Jun 6, 2013. 05:00 PM | 1 Like Like |Link to Comment
  • It's not about becoming an activist investor, says Related Cos. CEO Jeff Blau - speaking on Bloomberg - of his firm's 9.2% stake (partnering with Corvex) in CommonWealth REIT (CWH +1.6%). His team's bottoms up analysis of CommonWealth's properties found them to be wildly undervalued. It's the REIT's "antiquated" structure (externally managed) holding this value back from being realized. Run this thing like a proper REIT, he argues, and the stock will trade at or above its NAV. [View news story]
    Management owns a pittance and the general vibes from shareholders..(the 600 lb gorilla's) syas, it's time for a clean sweep and new management..Of course after the votes are in and it's a landslide for kicking out Portnoy, he will negate the vote because he didn't get laid the night before..or some similar excuse!
    May 30, 2013. 01:21 PM | Likes Like |Link to Comment
  • More on CommonWealth REIT (CWH) Q1 earnings: The conference call may be where the action is on this one, and it's set for 1 ET (webcast). Normalized FFO/share of $0.78 down from $0.90 a year ago. No acquisitions or agreements to acquire made during quarter. Company reports a 90% occupancy rate, flat from a year ago. (PR[View news story]
    As they said, it will be a short Q&A and the questions will be asked by their "shills". PORTNOY'S must go and this may be their "requiem" (solemn chant for the dead).
    May 8, 2013. 09:44 AM | Likes Like |Link to Comment
  • CommonWealth REIT (CWH) is issued a governance score of 8 by ISS (1-10 scale with 10 being the riskiest), and a shareholder rights score of 10. The influential proxy advisory firm also suggests shareholders vote against board of trustee member Joe Morea who is up for re-election. Hedge funds Corvex and Related are attempting to oust the entire board, but CommonWealth is attempting to squash even a vote being taken. [View news story]
    Portnoy's are pigs..and if they are not thrown out..back to 15.
    Apr 30, 2013. 03:35 PM | Likes Like |Link to Comment
  • Mortgage REITs continue to get repriced for lower yields going forward with earnings reports from JPMorgan and Wells Fargo not bringing good news. Both banks reported sliding net interest margins and booming mortgage business (some, if not most of which is refinancing) - an ugly combination for leveraged owners of MBS. [View news story]
    Nobody's building commercial real estate as there is a glut on the market, however, dark fiber was in the same pickle years ago and all of a sudden all the fiber is becoming valuable. RE will turn around quicker than projects can be built, ergo, Mreits will be moving on up.

    My only reserve is, try not to hang from a rope until it does..your neck may be stretched further than you like !
    Oct 12, 2012. 03:01 PM | 4 Likes Like |Link to Comment
  • Bankruptcy Fine Print Rattles WaMu Debt [View article]
    Welcome back Troy..

    Thanks for the succinct article, provides a clear explanation.

    How 'bout putting on your wizard cap and predicting "what the new circumstances (IT, etc) may bring to equity"?

    Regards, Larry
    Sep 23, 2011. 11:48 AM | Likes Like |Link to Comment
  • The FDIC's WaMu Suit [View article]
    "It would be great, too, if the FDIC admitted it fell down on the job in terms of regulating WaMu in 2005-8".

    Your "indignation" is crocodile tears..until you castigate the FDIC and JPM for "taking over" a bank with adequate tier capital, even surpassing JPM..with no more than blind greed and ambition.

    Now the hedge funds (debtors) are trying to rape WMI by misrepresnting WMI's remaining assets..get some smarts and maybe your editorial will be respected by those parties who know what's going on.

    Personally, I hope the defendents turn the tables and depose Sheila !
    Mar 19, 2011. 12:26 PM | 3 Likes Like |Link to Comment
COMMENTS STATS
8 Comments
8 Likes