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  • Nigeria's President says his country will seek to recover $7.8B that audits carried out by a government watchdog found oil companies operating there owed the government in unpaid and underpaid taxes. Foreign oil companies operating in Nigeria include Royal Dutch Shell (RDS.A, RDS.B), Eni (E), Total (TOT), Exxon Mobil (XOM) and Chevron (CVX). [View news story]
    Audits, right.

    Nigeria's "auditors" are the same ones who send out the money laundering come-on emails in their spare time.
    Jun 11, 2013. 07:53 PM | Likes Like |Link to Comment
  • Newcastle Investment (NCT) announces a 30M share public offering, with a 30 day option for an additional 4.5M shares. The company plans to use the net proceeds to make a variety of investments, primarily acquisitions of senior housing properties, but could also include CDO debt, other real estate securities and loans, operating businesses or other assets. Shares -1.4% AH. [View news story]
    Now, NCT is still a REIT, right? An mREIT? Getting confused with all these spinoffs.

    CDOs? Yikes! It's 2006 deja vu all over again, Yogi.
    Jun 11, 2013. 07:47 PM | Likes Like |Link to Comment
  • Worried About Low Dividend Blue Chips? Look To B&G Foods For Yield And Brand Value [View article]
    Adam,

    I think they just acquired somebody else today--saw it on CNBC--forgot who.

    Yes, they do seem to have a lot of unconnected parts, now that you mention it.
    Jun 11, 2013. 06:20 PM | Likes Like |Link to Comment
  • American Capital Agency Among The Worst mREITs [View article]
    Looks like Gary Kain went from being a genius to a dope in a few short weeks, according the the 'analysts', anyway. Thought this only happened in politics and major league sports.

    Maybe it's these 'experts' who are the dopes?
    Jun 11, 2013. 06:17 PM | 2 Likes Like |Link to Comment
  • American Capital Agency Among The Worst mREITs [View article]
    Ulm, co-CEO of ARR made a statement to the effect that the average retail investor doesn't understand how mREITs work. Judging from his company's performance, he doesn't, either
    Jun 11, 2013. 06:15 PM | 2 Likes Like |Link to Comment
  • BDC Risk Profiles: Part 12 - American Capital [View article]
    BDC,

    You are prolific! I have saved every one of the series--sort of like a BDC textbook.

    Thanks.
    Jun 11, 2013. 06:02 PM | 1 Like Like |Link to Comment
  • Near 20% Dividend Payer American Capital Agency Is Set Up For A Huge Q2 2013 Loss [View article]
    I stopped out of AGNC at $26.50, and glad I did. Too much volatility in this sector, what with all the Fed uncertainty.
    Jun 10, 2013. 10:07 PM | Likes Like |Link to Comment
  • Equity CEFs: Top Funds By Fund Family (Part II) [View article]
    Oops.

    Misread the Morningstar columns. $0.00 return of cap.

    Thanks.
    Jun 10, 2013. 09:06 AM | Likes Like |Link to Comment
  • THL Credit: Another Overlooked BDC [View article]
    Great series of articles. Thanks.
    Jun 9, 2013. 03:59 PM | 1 Like Like |Link to Comment
  • How To Protect Your Cash In Times Of Crisis [View article]
    At best, an incomplete article.
    Jun 9, 2013. 03:56 PM | Likes Like |Link to Comment
  • Worried About Low Dividend Blue Chips? Look To B&G Foods For Yield And Brand Value [View article]
    Hi Adam,

    In doing a little research on BGS, fundamentals look pretty decent, especially post 2008. Only caution flags I see are high D/E and payout ratios.

    I also think they could also be a prime buyout candidate, at some point.

    Could you share your thoughts?

    Thanks.
    Jun 9, 2013. 03:11 PM | Likes Like |Link to Comment
  • Staples' Focus On Cost Reduction Makes It A Great Dividend Paying Stock [View article]
    Has anyone actually been in a Staples, any Staples lately? Or for that matter Office Depot, Office Max, et al? I was, while on the prowl for a new shredder, and I wanted to try to support the big box stores. I also frequent the local Office Depot store for minor miscellaneous office type items.

    In the first place, the employees regularly outnumber the customers, no matter what time it is. And, their major products can be comparably bought from Amazon via the internet for upwards of 20% less, often with no shipping or taxes (this is changing). This doesn't even take into account Costco, Sam's or BJ's.

    Costwise, the same holds true for their web sites.

    Unless there are some miraculous changes, I think prospects for these brick and mortar guys are very dim going forward. SPLS might be a good trading stock, but not one for the long term investor.
    Jun 9, 2013. 02:54 PM | Likes Like |Link to Comment
  • Equity CEFs: Top Funds By Fund Family (Part II) [View article]
    Douglas,

    Thanks for this article. I've been aware of the John Hancock funds for a while, and this is a timely wake-up call. Question--HTD's distribution is entirely return of capital.....I thought this was a negative is most cases.

    Off the topic, but ACG is at a yearly low. It's always been a highly regarded CEF, so I'm wondering if there's a submerged reason, besides the threat of higher interest rates, for the pullback that the retail investor wouldn't know? Would you consider it a buy at this stage?

    Thanks.
    Jun 8, 2013. 11:48 AM | Likes Like |Link to Comment
  • Becton, Dickinson And Co. Dividend Stock Analysis [View article]
    Great company for decades. They seem to know how to do everything right.
    Jun 8, 2013. 12:13 AM | 1 Like Like |Link to Comment
  • "I would not overestimate retail investors' knowledge of how this business works," says Scott Ulm, co-CEO of Armour Residential (ARR -1.3%). Income fans love mREITs (MORT -1.3%) but can suffer quick losses as rates rise. "We believe mREITs are not appropriate for most individual investors," says Edward Jones' Kate Warne, warning brokers to steer clients away from the sector. Ulm remains hopeful: "As bonds become cheaper, reinvestment becomes more profitable." Beneath a big rally for the averages, the sector is hit again today: American Capital (AGNC -2.6%), (MTGE -1.2%), Annaly (NLY -1.9%), Two Harbors (TWO -0.9%), Hatteras (HTS -1.9%), CYS (CYS -2.8%), Anworth (ANH -0.9%). [View news story]
    James, Cincinnati, et al,

    Ulm is right. Most individual investors know a few mREIT buzz words and phrases, which gives them just enough knowledge to be dangerous. I learned real fast that this sector is not for me, except for window shopping and eavesdropping in on articles.

    It's unfortunate that regular REITs got tarred with the same brush as their second cousins.
    Jun 7, 2013. 11:51 PM | Likes Like |Link to Comment
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