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mikeg999

mikeg999
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  • Apple cut to Sell at Standpoint over moral reasons [View news story]
    This is one way for an analyst to differentiate himself and generate some publicity. It is hard to get worked up by his argument when one examines the self-serving insights offered by other "insightful" analysts. Do successful investors pay attention to analysts? I doubt it.
    Jan 6 07:55 AM | 9 Likes Like |Link to Comment
  • My Intelligent REIT Picks For 2014 [View article]
    I understand Brad's enthusiasm fro the net lease business but find more cautious as Brad frequent positive articles. I do not see many comments about key risks and issues. In this low cap environment where credit risk tends to be under priced, I wonder if current stock prices and yields properly reflect those risks.
    
    Just saying I would respect a more balanced analysis with less cheer leading.
    Dec 11 05:37 PM | 9 Likes Like |Link to Comment
  • U.S. stocks are overbought, says reknown perma-bear Marc Faber, and any more near-term gains are going to be big trouble for the market. As we continue to move higher, the probability of a crash becomes higher as well. The next crash, he says, could be worse than the one that crushed world markets in 2008. "The next crisis could lead to a deflationary bust. And a bust in governments. In other words, we may have a total collapse in confidence in the system." [View news story]
    Sooner or much later Faber may be right. Unfortunately, following his sage advice would have been a disaster to one's financial position and outlook.
    Apr 8 08:28 PM | 5 Likes Like |Link to Comment
  • I'm Dumping Shares In HCP And Hiring Debra Instead [View article]
    Check out her experience prior to JLL. She was among the real estate finance pioneers who helped start many of today's largest REITS. In fact, check out VTR's management. Many of the key decision makers all worked for her during their careers.
    Oct 9 09:03 AM | 4 Likes Like |Link to Comment
  • Former SandRidge Energy (SD) CEO Tom Ward sold nearly 10M shares in the company after he was fired last month, bringing in ~$47M in proceeds. The sales cut Ward's position in SD, which he founded, by more than 40% to 2.7% of its outstanding shares. Upon his firing, Ward received a severance package worth more than $90M in cash and stock. [View news story]
    And we wonder why the public thinks the market is rigged to favor insiders. Another example of absentee corporate governance.
    Jul 22 07:47 PM | 4 Likes Like |Link to Comment
  • While many believe the global economy is stable and recovering, "permabear"  economist David Rosenberg sees "a car being driven by a drunk, lurching from side to side on the road, narrowly avoiding the ditches each time." While the car is in the middle of the road right now, "is that because the driver has sobered up, or is it because the car is just passing through the middle on its way to the ditch on the other side?" [View news story]
    If you care about the long term performance of your portfolio, do not spend more than a moment listening to any economist.
    Feb 3 11:51 AM | 4 Likes Like |Link to Comment
  • Marc Faber predicts a 1987-style market crash [View news story]
    Faber is no different than the charlatans who predict the exact date the world will end. What I like most about Faber is his ability to keep a straight face when he make these preposterous statements.
    Aug 10 08:48 AM | 3 Likes Like |Link to Comment
  • "There are less ways to cheat on a balance sheet than an income statement," says Bruce Berkowitz, explaining why he focuses on the one rather than the other (and why he'll probably never be a buyer of auto stocks). In this great 35-minute chat from late last year, he again makes his case for AIG and BAC - "it's the 90s all over again" - and SHLD - selling for the liquidation value of its merchandise; the brands and the real estate are free. [View news story]
    Hard to find comfort in Bruce's insights. He is the fund manager that took and continues to take concentrated bets in financial service investments, real estate (JOE) among others and then defends his high beta selections with the research conducted by relatives with whom he no longer has relations.

    Bruce is another example of an overcompensated fund manager who is paid regardless of his risk adjusted returns.
    Apr 28 01:14 PM | 3 Likes Like |Link to Comment
  • Rethinking Gold Asset Allocations For 2013 [View article]
    If you replace the word "gold" with "real estate", you will notice the exact same argument was used to justify over allocating to real estate in the 2004 to 2007 period. Following the dot-com blow-up, investors were urged to buy real estate because it was so much safer and a better inflation hedge.
    Dec 27 11:12 PM | 3 Likes Like |Link to Comment
  • When the going gets tough, the tough cut the retirement age. New French President Hollande announces he's rescinding Sarkozy's 2010 bump from age 60 to 62. While the reforms could cost the strapped government billions, a cabinet minister says it will be paid for through higher worker and employee contributions.  [View news story]
    I will be even more surprised when France rescinds winter.
    Jun 6 03:36 PM | 3 Likes Like |Link to Comment
  • Chesapeake Energy (CHK -13.9%) may have to delay some of the $14B in asset sales planned for this year because low natural gas prices may hurt its ability to comply with credit covenants, the company says in an SEC filing today. (more)  [View news story]
    I learned that garbage at a discount is still garbage.

    We can all measure the cost of ineffective CHK corporate governance that permits self dealing and enrichment.
    May 11 04:36 PM | 3 Likes Like |Link to Comment
  • Investor behavior: Same as it ever was [View news story]
    For me rebalancing is made much easier when I ask myself what would have the greatest impact on my financial health- a 20% increase or a 20% decrease. My lifestyle would be effected by the drop.
    Nov 23 10:37 AM | 2 Likes Like |Link to Comment
  • I'm Dumping Shares In HCP And Hiring Debra Instead [View article]
    Brad,

    Your assessment of the new CEO is way off the mark. She is one of the most experienced real estate, finance and corporate general managers in the industry and her record of success speaks for itself.
    Your experience comparison is a stretch.
    Oct 9 08:22 AM | 2 Likes Like |Link to Comment
  • Against Government-Subsidized 30-Year Mortgages [View article]
    Once again fully agree with Tack. Paid off my 3.75% early to help my spouse feel more secure as we approach retirement. Not a financial decision per se but one driven by emotion.
    Aug 13 12:50 PM | 2 Likes Like |Link to Comment
  • "They say unemployment rate, but they really mean" the S&P 500 (SPY), says David Rosenberg, referring of course, to the esteemed members of the FOMC. "After all, to get the wealth effect to work on spending, you have to generate the wealth," he continues. As for the sustainability of the rally in both equities and fixed income, Rosenberg is having déjà vu: "Distortions caused by negative real interest rates, the mis-pricing of risk and promotion of leverage sounds a lot like the previous cycle … enjoy it while you can." (Also: NYSE margin debt signals return of leverage) [View news story]
    Another economist forecasting a downturn for over 3 years now. I am sure Mr. Rosenberg will be correct one day but the opportunity cost of following his suggestions are material.
    May 12 11:25 AM | 2 Likes Like |Link to Comment
COMMENTS STATS
66 Comments
76 Likes