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mikeg999

mikeg999
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  • Closed-end funds on the cheap [View news story]
    Surprised ISD doesn't trade tighter than its sibling GHY. All domestic bonds, very limited energy exposure. ISD trades at a 7.9% discount and yields 9% and GHY at a 4.8% discount and 9.1% yield.
    Jan 29, 2015. 02:34 PM | 1 Like Like |Link to Comment
  • 6 High-Yield Bond CEFs Trump ETFs Like HYG And JNK [View article]
    I am very happy with GHY and ISD
    Jan 27, 2015. 07:59 AM | Likes Like |Link to Comment
  • Closed-end funds on the cheap [View news story]
    Like GHY and ISD
    Jan 12, 2015. 10:23 AM | Likes Like |Link to Comment
  • 3 Viable Department Stores, And 2 That Are Struggling [View article]
    I do not read this any other way than an objective assessment and conclusion. Nice work.
    Sep 24, 2014. 11:36 AM | 2 Likes Like |Link to Comment
  • A Brand New Mortgage REIT That May Deliver Something Special [View article]
    Brad,

    Clearly this investment has a risk/reward profile that is upside down. Stick to what you seem to know best-equity REIT's and preferably net lease.
    Jun 9, 2014. 02:43 PM | Likes Like |Link to Comment
  • A Brand New Mortgage REIT That May Deliver Something Special [View article]
    I find the various conflicts a red flag. I wouldn't touch this.
    Jun 7, 2014. 10:59 PM | 1 Like Like |Link to Comment
  • Tuscany International Drilling: The Most Undervalued Company In The Oil Services Sector? [View article]
    Bancstock,

    Thanks for the thoughtful response. I was unaware of the nature of contingency suits in Canada.
    Feb 5, 2014. 09:02 PM | Likes Like |Link to Comment
  • Tuscany International Drilling: The Most Undervalued Company In The Oil Services Sector? [View article]
    I am not going to say you were advised that this was a likely outcome when a CRO was appointed. In retrospect, there were plenty of sign that the risk/reward was out of balance. Including the size of the firm, leverage, business focus in Third World with limited ability to collect what was owed. The other red flag is that any stock/company that seems to be promoted without a clear articulation of the potential risks should cause all investors guard their enthusiasm. SA has more than its fair share of BS.
    Also, TID's equity only opportunity to stop what is in motion is largely driven by how much $$ investors are willing to kick in to pay the attorneys, the experts and be prepared to the purchase of these underutilized assets located in remote areas and generating limited cash flow. A word of advice print out the original article, all the ensuing conversations and hang it on the wall by your computer to remind yourself to be more skeptical.
    Feb 5, 2014. 10:01 AM | 1 Like Like |Link to Comment
  • Tuscany International Drilling: The Most Undervalued Company In The Oil Services Sector? [View article]
    Sometimes it is best to simply acknowledge that you are simply guessing at this stage. I assure you that the insiders have opportunities that the are not shared by the common holders.
    Feb 4, 2014. 10:03 AM | Likes Like |Link to Comment
  • The Housing Market "Recovery" Is A Complete Myth [View article]
    The author must be wrong judging from my decision to buy our winter home.
    Jan 31, 2014. 05:28 PM | Likes Like |Link to Comment
  • Tuscany International Drilling: The Most Undervalued Company In The Oil Services Sector? [View article]
    Soon you will be able to own 100%. A better bet would be to buy a lottery ticket.
    Jan 29, 2014. 12:25 PM | 1 Like Like |Link to Comment
  • Tuscany International Drilling: The Most Undervalued Company In The Oil Services Sector? [View article]
    Book value is a meaningless figure that is an accounting calculation. The only business that has any relationship between market and book value are financials (both bank and non-bank)
    Jan 28, 2014. 12:53 PM | 1 Like Like |Link to Comment
  • Tuscany International Drilling: The Most Undervalued Company In The Oil Services Sector? [View article]
    Yes
    Jan 27, 2014. 02:32 PM | Likes Like |Link to Comment
  • Tuscany International Drilling: The Most Undervalued Company In The Oil Services Sector? [View article]
    TD-wishful thinking. Unfortunately for existing shareholders, this will not be the result. At the current price of the common, it might buy you dinner at Red Lobster.
    Jan 27, 2014. 02:31 PM | Likes Like |Link to Comment
  • Tuscany International Drilling: The Most Undervalued Company In The Oil Services Sector? [View article]
    Yes-General Growth was crushed by the collapse of the financing markets and lost the ability to takeout maturing debt. TID is in a different situation.
    Jan 27, 2014. 11:30 AM | Likes Like |Link to Comment
COMMENTS STATS
72 Comments
82 Likes