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S@m

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  • Oh, Ho, Ho, It's New York REIT, You Know [View article]
    User,
    Does a non traded public REIT report full financial statements, similar to a traded REIT?
    Thanks,
    S@m
    Apr 16 04:43 PM | Likes Like |Link to Comment
  • Oh, Ho, Ho, It's New York REIT, You Know [View article]
    Thank you gentlemen. I am still in the my data gathering phase regarding REITs. My concern was quite simple: If its such a good investment, why would he and his partners want to sell it? There were several thoughts that came to mind: Changes in the interest rates in money, if the borrowed funds had short term or adjustable terms that would affect his return. Another was tenant sensitivity to business cycles If this is just the way to realize gain by reallocation of risk through equitation of assets, while maintaining a stream of income from management fees, I can understand that process.
    Apr 16 04:25 PM | Likes Like |Link to Comment
  • Oh, Ho, Ho, It's New York REIT, You Know [View article]
    Why is Mr. Schorsch taking his portfolios from private to public ownership?
    S@m
    Apr 15 06:23 PM | Likes Like |Link to Comment
  • First-Quarter Portfolio Review: There's Change On The Way [View article]
    I've become a frequent reader of Brad's articles. He has discussed the effect of interest rates on REIT's with a rational approach. I'm not sure the market will react the same way, and I will not SWAN if I suffer a 30% decline in value while trying to capture an additional 2% yield. I have observed several stocks get pounded up to 30% when they missed earnings by a few cents recently. I'm not against buy and hold, and don't panic over a temporary loss in capital. A shift in rates to control inflation could run for five to ten years, if implemented with the goal of returning short term T bill rates to 3-4%, at 0.25% per quarter. This could be an impairment for financing for MLP's and REIT's. If 10% of your portfolio is MLP's and REIT's, this would not be devastating to your retirement. 40-50% of a portfolio in interest rate sensitive holdings could impair your lifestyle since both the capital and DGR would likely be affected. Just something to think about.
    Apr 12 10:02 PM | 2 Likes Like |Link to Comment
  • First-Quarter Portfolio Review: There's Change On The Way [View article]
    i wondered about sector (rising interest rates) risk. The REITs and MLPs may place you in a false sense of security, since the betas are based on past performance, and we have had a protracted dropping interest rate period. I like your approach and am about to enter the distribution phase. I also share many of your holdings. Thanks for sharing your process.
    Sam
    Apr 12 07:58 AM | Likes Like |Link to Comment
  • ETFs Of CEFs? Yield Shares High Income ETF Impressive Since Inception [View article]
    Gary,
    Is any of this yield return of capital?
    Thanks,
    S@m
    Apr 12 07:31 AM | Likes Like |Link to Comment
  • Playing Leapfrog With Molycorp [View article]
    It is a compliment George. I'm here to read knowledgable opinions, not indulge in sarcasm. i appreciate it when an author spends time providing data to support his thesis. You have presented a strategy and used MCP as an example. I am unskilled in options trading, and benefit from a detailed analysis, including a risk analysis. I often learn more from the comments than the article due to the depth of knowledge of the readership. This article had a good balance.
    Apr 11 12:35 AM | Likes Like |Link to Comment
  • Playing Leapfrog With Molycorp [View article]
    Thanks for the analysis.
    Apr 9 09:59 PM | Likes Like |Link to Comment
  • Rayonier Yields 4.31%, But Is It A Buy? [View article]
    http://bit.ly/1hROEHS
    Apr 6 09:43 PM | Likes Like |Link to Comment
  • Rayonier Yields 4.31%, But Is It A Buy? [View article]
    http://bit.ly/1qdvezV

    TMG,
    If you catch the link to filters, you will see cigarettes. Cellulosic specialties have multiple markets. I agree with your view of China.
    Apr 6 08:44 PM | Likes Like |Link to Comment
  • Rayonier Yields 4.31%, But Is It A Buy? [View article]
    Abba,
    Thanks for sharing your thoughts on Rayonier. I have similar criteria for investing: value, fundamentals, and dividend. I would suggest you consider using materials as your benchmark, as opposed to industrials. Timber will be a late cycle bull market play. Timber requires a recovery in housing. The cellulose's market that Rayonier has built around is filters for cigarettes, specifically for China. The use of cigarettes in China is reportedly growing. It is a market that will not be cyclical, so the two separate entities will perform differently, even though both will be materials sector equities. Rayonier will also benefit from a recovery in real estate values. I view it this as a long term core holding, not tactical. Different time horizons. Agree with your short term conclusions on value. Long RYN.
    Best of luck,
    Sam
    Apr 6 07:19 AM | Likes Like |Link to Comment
  • The Coming Bull Market In Timber [View article]
    Burt,
    Thanks for the insightful analysis. RYN is about to split into two different operating companies, one for specialty cellulose chemicals and the other a traditional timber and land development company. It was not clear to me if they would preserve the REIT structure or not. The management is doing this to realize shareholder value. Is it possible that the timber portion that will be spun off would be the undervalued component with hidden appreciation potential based on your analysis? I am long RYN, and have not yet researched the proposal of RYN management. I will need to look at Deltic this weekend, and compare it to the proposed RYN timber corp.
    Thanks for the thought provoking analysis.
    Apr 2 09:29 PM | Likes Like |Link to Comment
  • Retirement Strategy: ETF Portfolio Versus The Stock Only Portfolio; Our First Update [View article]
    Assuming you are a long term investor, whats wrong with harvesting capital gains from appreciation to augment income? Since the taxes are lower, you will use less gross reduction in portfolio value to achieve the same cash flow from the portfolio. Looks like a BTDP would win this race in the long term. The net income spends the same, whether its from dividends or appreciation. Thanks for the exercise. I'll continue to follow your progress.
    Sam
    Apr 1 06:21 PM | 1 Like Like |Link to Comment
  • Tesla's Game Of The States [View article]
    hNegative igh visibility PR can be a killer. Ask Chris Christy.
    Mar 28 06:29 AM | Likes Like |Link to Comment
  • Potash Corp.: The Impact Of Indian Demand, Natural Gas Prices And The Canadian Dollar [View article]
    Nice analysis, Sarita,
    I concur with ToastyPro regarding Gas pricing. Potash must use hedging for base demand of ammonia production. They would have no method to negotiate contracts without a cost basis on NG. This would be disclosed in their annual report. Long POT.
    S@m
    Mar 19 06:58 AM | Likes Like |Link to Comment
COMMENTS STATS
93 Comments
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