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Kurtwalter

Kurtwalter
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  • Powerful rally for global airliners [View news story]
    Air Canada up 10+ per cent
    Nov 29, 2014. 08:47 PM | Likes Like |Link to Comment
  • Trinity Industries - A Cyclical Stock With 30% Upside Potential [View article]
    The only rail stock doing well over the last week is KLS on the TSX, a retrofitter.
    Nov 4, 2014. 04:35 PM | Likes Like |Link to Comment
  • Replace American Capital After Dismal Earnings? What I'm Doing With The Stock Now [View article]
    Let's hear what Gary Kain has to say on a webcast at 4 pm today.
    May 16, 2013. 09:42 AM | Likes Like |Link to Comment
  • 7 Top M/Y Utilities Dogs Chase 6.4% To 36.5% Gains In April [View article]
    Atlantic Power has just survived a near-death experience so I wouldn't touch it. Neither Just Energy.
    May 14, 2013. 10:58 AM | 1 Like Like |Link to Comment
  • Best mREITs As Mortgage Rates Rise [View article]
    What explains NCT low book value?
    May 8, 2013. 10:45 AM | Likes Like |Link to Comment
  • American Capital Agency (AGNC -7%) is not far off session lows as the earnings call is set to get underway momentarily (webcast) (slides). Anybody selling or short may want to prepare themselves for CIO Gary Kain laying out very clearly how the rise in rates and the large secondary hurt Q1, but that book value has already strongly rebounded in Q2. [View news story]
    Current price is 30.66, down 7.3 %.
    May 3, 2013. 11:49 AM | Likes Like |Link to Comment
  • American Capital Agency (AGNC -7%) is not far off session lows as the earnings call is set to get underway momentarily (webcast) (slides). Anybody selling or short may want to prepare themselves for CIO Gary Kain laying out very clearly how the rise in rates and the large secondary hurt Q1, but that book value has already strongly rebounded in Q2. [View news story]
    No rebound yet at 11:44 - getting worse.

    http://bit.ly/107B8mq
    May 3, 2013. 11:45 AM | Likes Like |Link to Comment
  • 5 High-Dividend Stocks For Income Investors [View article]
    Gee, PBI slashed its dividends by 50% - not good reflection on your analysis, right?
    May 1, 2013. 09:21 AM | Likes Like |Link to Comment
  • mREITs Facing Attack From Regulators [View article]
    AMREIT expert corvettekid debunks the threat:
    http://seekingalpha.co...
    Apr 26, 2013. 09:15 AM | 1 Like Like |Link to Comment
  • Mortgage REITs (MORT) catch the eye of D.C., with the Financial Stability Oversight Council reportedly set to cite the industry as a potential source of market vulnerability. The companies have seen assets quadruple to over $400B since 2009, but Annaly (NLY) CEO Wellington Denahan notes their capital bases have risen as well. A Two Harbors (TWO) presentation (page 8) shows mREITs are relatively small players in the MBS market. Maybe the Fed and the GSEs just don't like the competition. Annaly and American Capital (AGNC) are the 2 biggest mREITs, with Two Harbors a distant 3rd. [View news story]
    The SEC has made comments about "high" leverage in the past, and questioned whether this was appropriate for REITs, but nothing has happened.
    Apr 19, 2013. 06:17 AM | 1 Like Like |Link to Comment
  • 5 Hybrid mREITs Yielding 12%: Q4 Review [View article]
    I strongly endorse corvettekid's recommendation re Valueforum. As a MREIT investor I found the resource invaluable - worth every penny. (This is not a paid endorsement, BTW!)
    Mar 13, 2013. 10:23 AM | Likes Like |Link to Comment
  • Monthly Pay Dividend Dogs: February Stocks Vs. Funds And Trusts [View article]
    Just Energy just cut dividends; AT in serious trouble.
    Feb 11, 2013. 10:51 AM | 1 Like Like |Link to Comment
  • American Capital Agency: Recent Moves Can Shield Against Strong Headwinds [View article]
    Questions: " Moreover, Fed's expansionary monetary policy can also help the company to increase spread rates." How?

    Rev Growth% 175.4 Really?
    Jan 23, 2013. 07:21 AM | Likes Like |Link to Comment
  • Build An Intelligent REIT Portfolio Without Mortgage REIT Risk [View article]
    The main factor that has been impacting Agency MREITS recently is the Fed's decision to buy 40 billion of MBS each month, and continuing to do so until the unemployment numbers come down. That announcement around September 13 immediately caused the share prices of AMREITs like AGNC and NLY to come down. The cause was the declining yield spread which caused a major drop in income. However, this can hardly be called a normal market event. On the other hand the market value of selected MBS held by AMREITs went up so their book value went up. Actually, since Jan 1 the share prices of discounted AMREITs have moved up considerably, maybe because the fears of a fiscal cliff were allayed. Hybrid MREITs and non-agency MREITs were not influenced as much by the QE3 decision.

    This article suffers from gross macro-analyses. Each MREIT has to be assessed individually, NLY has dropped the ball, but other agency, hybrid, and non-agency REITs have fared much better. Check the institutional holdings - there is no stampede by institutional investors out of MREITs. All in all, a pretty uninformative article.
    Jan 21, 2013. 02:48 PM | 3 Likes Like |Link to Comment
  • Build An Intelligent REIT Portfolio Without Mortgage REIT Risk [View article]
    A number of MREITs did go under in 2008, but the equity REIT index dropped 38% - hardly a positive recommendation. A well-managed AMREIT like AGNC did much better in 2008.
    Jan 21, 2013. 02:27 PM | 4 Likes Like |Link to Comment
COMMENTS STATS
63 Comments
41 Likes