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Daniel B. Smith

Daniel B. Smith
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F, T, TAYC
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  • Watt postpones proposed FHFA fee increases [View news story]
    Good job Mel, the new fees were nothing less than criminal. Mortgage business is hard enough with all the Dodd-Frank regulation, QM Rules, Appraisal changes and disclosure requirements, New fees from the GSE'S and FHA, G-Fees, fed tapering…...and the consumer is absolutely blind these issues!
    Dec 22, 2013. 09:53 AM | 2 Likes Like |Link to Comment
  • AT&T: Solid For Dividend Investors, With An 8% Shareholder Yield And Future Growth [View article]
    I like ATT and Verizon.....yet to hear any customers bailing on these providers in mass..Last I saw they had record subscriber gains?

    Just my random thoughts and reason for owning!
    Jan 1, 2013. 05:18 PM | 1 Like Like |Link to Comment
  • The Credit Recovery at Taylor Capital Continues [View article]
    Tom, how about an update on TAYC. Fundamentals and recovery are impressive. Balance sheet is improving and income metrics are growing very fast. Newly minted mortgage division is hitting on all cylinders with record originations all while retaining and acquiring significant MSR's. Recently announced sale of Homeward Residential from WL Ross & Company and the associated premiums makes for interesting study of TAYC's long term mortgage banking fundamentals. I am long TAYC!
    Oct 7, 2012. 11:48 AM | Likes Like |Link to Comment
  • Dow Communications Stocks - AT&T Vs. Verizon [View article]
    You did not mention the substantial stock re-purchase program at AT&T?
    Oct 4, 2012. 07:31 AM | Likes Like |Link to Comment
  • Ford's Bullish Charge Is Just Beginning [View article]
    UAW and the union mentality has not disappeared from Ford, GM or Chrylser and is here for the long run. Ask any GM retiree who saw their pensions go up in smoke while the UAW was given a sweet deal. Watch how the UAW made demands on Ford, because Ford did not a a "No strike clause" in their UAW agreement because of there desire to not take a government bail-outs. The UAW should be encouraging their members to back Ford by using their own money to buy company stock. This would align their goals with that of leadership and shareholders and make for a better company and returns over the long run. Short term thinking does and never will equate to long term success! I am long Ford and will be buying a Ford in 2012!
    Jan 2, 2012. 03:33 PM | Likes Like |Link to Comment
  • Ford's Bullish Charge Is Just Beginning [View article]
    Being a citizen of SE Michigan for the past 51 years it does not surprise me that the UAW still runs the show at Ford Motor. They caused the domestic auto problems, have shot themselves in the foot and continue to shove jobs over sea's with their negative demands from the company. If they want to enjoy the spoils of great leadership, they should be buying Ford stock with their own earnings and continue to make Ford a world class company. Why should the UAW be treated better than the shareholders....Ford needs to align the needs of workers, shareholders and leadership so we all win when Ford wins!
    Jan 2, 2012. 03:15 PM | Likes Like |Link to Comment
  • Ford's Bullish Charge Is Just Beginning [View article]
    Ford will excel on financial fundamentals once we solve the European debt problems, reduce our national debt and find a new leader for the Whitehouse....in the mean time, Ford continues to de-leverage their balance sheet, build cash, refine products, margins and focus on delivering a quality product. In the mean time, I am happy to collect my dividends and watch this stock explode to the upside..Eventually? We will see?
    Dec 14, 2011. 11:22 AM | 3 Likes Like |Link to Comment
  • For Ford Preferred Share Owners, It's Decision Time [View article]
    Ford has already accounted for the new shares when they discuss tangible earnings per share. My question has to do with the tax treatment of the roll-over to new shares. My guess is that this would not be a taxable event vs. taking the cash?
    Feb 15, 2011. 10:47 AM | Likes Like |Link to Comment
  • As Ford Tanks, Now Is the Time to Fill Up [View article]
    Let's not forget the "One time Charges to Earnings", $950 million for early retirement of preferred shares and a surprise $2.5 debt pay-down ahead of schedule. Ford is net cash positive, paid down 7.43 billion in debt in 2010 which will save company a minimum of $1 billion in interest costs per year going forward. If Moody's does upgrade debt, that savings will only increase. Fords present and future product line-up are best in class and there is little proof that this company is starting to tumble. I am a substantial buyer at these levels and have a long term horizon on FORD!
    Jan 31, 2011. 07:45 AM | 16 Likes Like |Link to Comment
  • Ford's Drive Towards an Investment Grade Credit Rating [View article]
    Learn how to read financial statements-earnings per diluted shares outstanding. In this case, Ford had accounted for additional shares if all shares were outstanding, i.e.: debt converted to stock in the future. Ford no longer has to pay the interest on the debt, they will take a one time hit in the 4th. Quarter and it share feels better than walking away from your obligations in BK? Don't you agree? Ford is a buy at this level and time will prove it!
    Nov 26, 2010. 10:04 AM | 8 Likes Like |Link to Comment
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