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  • Emerge Energy withdraw​s distribution guidance, -17% premarket [View news story]
    having gotten out some time ago, my interest is purely academic. I just cannot see how any director or senior officer would see that not only is a 2.50-3.00 distribution unrealistic, a dollar still looks to be too high. Monthly sales reports should have flagged the problem long ago. Was anybofy minding the store?
    Sep 25, 2015. 01:46 PM | 1 Like Like |Link to Comment
  • Two Harbors: Wrong Is Wrong [View article]
    the one reasonable statement was that TWO is an average mREIT. expecting slightly better earnings as the rate hike hysteria dies back is a solid forecast.
    Sep 17, 2015. 03:14 PM | 1 Like Like |Link to Comment
  • Monthly Paying Closed-End Fund NRO Offers 8% Return [View article]
    why on earth would I consider this $5 security rather then a package of reasonably priced REIT's? it is not real liquid which is another flaw.
    Sep 17, 2015. 01:09 PM | 2 Likes Like |Link to Comment
  • Make A Monthly Ladder Of Dividend Income Payments With Stock Recommendations From My Portfolio [View article]
    talk about an instinct for the capillary. no rational person should care if a stock pays in June, July or whenever. what matters is the annual payment, its tax status and its trend up or down. if you do not have enough in the bank to cover the monthly pay variations you are cutting things way too close. you are one unforeseen event away from disaster. by the way, how do you handle your irregular payments- real estate tax, insurance, estimated tax payments etc?
    Sep 16, 2015. 04:52 PM | 5 Likes Like |Link to Comment
  • Safe Bulkers Is In The Avoid Column [View article]
    almost a word for word repeat of your negative comments on ISH. if you think shipping is a bad place to be, do an article on the industry rather then strech your word count by cookie cutter rehashes.
    Sep 9, 2015. 04:26 PM | 3 Likes Like |Link to Comment
  • The Siren Song Of International Shipholding's Yield [View article]
    the preferred was also slammed but the 10+% yield looks safe. a better way to invest?
    Sep 9, 2015. 04:20 PM | Likes Like |Link to Comment
  • Reuters: U.S. set to approve landmark crude oil export swaps with Mexico [View news story]
    cutting through the BS, this deal benefits a few oil producing contributors and does absolutely nothing for America. as Trump might say, 'another stupid deal, we give something to get nothing'. However, it does not bring the oil producers wet dreams of American exports one day closer. It continues to be political suicide to trade increased American gasoline prices for lower prices in Europe and Asia and greater profits for American producers. that is what exports do, level prices across nations. any who dispute this are either liars or just stupid.
    Aug 17, 2015. 04:28 PM | 1 Like Like |Link to Comment
  • Linn Energy: Low Bankruptcy Risk Through 2017; Future Hinges On 2018 Market Conditions [View article]
    overly optimistic. interest rates will increase by 2016. no reason to assume oil price recovery as Iran not only begins shipping but increases production by 2017 while the Saudis continue to irrationally defend their market share. a more realistic analysis would consider forced asset sales as about their only way out.
    Aug 13, 2015. 09:59 AM | Likes Like |Link to Comment
  • Time To Sell Alon USA Partners [View article]
    trade before x-date vs. hold and collect the tax advantages distribution. check out CVRR to see how well that worked on this one. dumb strategy!
    Aug 13, 2015. 07:34 AM | Likes Like |Link to Comment
  • Time To Sell Alon USA Partners [View article]
    yep the income you avoid taxes on today will eventually taxed as long term capital gains. in case you haven't heard, time with money is worth money. as for a negative net cost, that is a result of great performance and is a good thing. I should be so fortunate as to have this 'problem' with all of my MLP's!
    Aug 12, 2015. 11:09 AM | Likes Like |Link to Comment
  • Time To Sell Alon USA Partners [View article]
    the strategy of selling before x-dates for later repurchase converts distributions into short term capital gains. as the distribution usually are significantly tax advantaged the net tax cost may well offset the trading profits. I suggest you use last year's K-1 to estimate the taxable portion of this year's distributions and compare to an arbitrary trading rule like sell 2 days before x-date and repurchase 45 days after to calculate the lowest tax rate where the after tax income of buy and hold beats trading in and out. I suspect you will be suprised at the result.
    Aug 12, 2015. 11:00 AM | Likes Like |Link to Comment
  • REITs see strong bid as deflationary signals arise [View news story]
    talk about a short term focus. ,REITs were up yesterday. they were down the day before and are down again this morning thus proving nothing. If smart you will defer deflation concerns until you see some evidence in real inflation data. However, the currency realities may stop the Fed return to "normalcy" in its tracks as they are very aware of the 1937 experience in the US. Further increases in the dollar would be very damaging to our weak recovery.
    Aug 12, 2015. 10:01 AM | Likes Like |Link to Comment
  • Potential Agency mREIT Issues [View article]
    bottom line--0 if the sky falls mREITs may be slammed. however, most everything else is sure to be slam,ed, maybe harder. pardon me but this is one Chicken Little I will disregard.
    Aug 10, 2015. 04:31 PM | 1 Like Like |Link to Comment
  • Emerge Energy Services: Weathering The Downturn And Preparing For The Recovery [View article]
    You estimated that the company will cover about half their dividend. That makes the 12% yield unsustainable. A 50% dividend cut might knock the stock down $10 or so. hardly a buy or a hold in my book. It is a solid business and in a few years when oil is in a better supply/demand balance it will certainly be worth a look. For now, if you must do something with EMES, short this one going into earnings looking for that dividend cut. However, there are better oil related short candidates out there.
    Aug 5, 2015. 04:31 PM | 1 Like Like |Link to Comment
  • Dividend Sustainability Analysis For Western Asset Mortgage Capital Corporation - Part 1 [View article]
    Mr Negativity strikes again. He is just so much smarter then the fools who actually manage mREIT's. Amazing how he has remained minor league with no prospects.
    Jul 30, 2015. 01:13 PM | 2 Likes Like |Link to Comment