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COBeeMan

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  • Investors Advised To Wait For Pullback Before Jumping Into Western Asset Mortgage [View article]
    Around $13.50 looks good to buy from a 12 month historical perspective.
    Mar 30, 2015. 02:48 PM | Likes Like |Link to Comment
  • REIT ETF/ETN Showdown: REM Vs. MORL [View article]
    JB - What are your thoughts on using off-setting high income ETNs? For example, there is an article somewhere here on SA that described starting an experiment starting with 50% in mREITs and 50% in BDCs because BDCs should do well when mREITs are not, and vice verse.

    I actually thought that a more active approach by using more diversified MORL and BDCL would be interesting...instead of 50/50 I would adjust the ratio based on interest rate cycles. For a rough example, put 75% in BDCL and 25% in MORL when BDCs are expected to do better, and reverse it when BDCs level off around the top of their cycle.

    To make it even more interesting, add in some others like CEFL, DVHL, MLPL, HOML, HDLV, GLDI, and SLVO with their respective cycles!
    Mar 30, 2015. 02:39 PM | 1 Like Like |Link to Comment
  • REIT ETF/ETN Showdown: REM Vs. MORL [View article]
    SC - You need both to address both income investors and those who think there is a decay factor. This article proves against the latter, but I agree that having a total return chart would have been a nice addition.
    Mar 30, 2015. 01:56 PM | 1 Like Like |Link to Comment
  • Prospect Capital: A Cheap Cigar Butt? [View article]
    SkiDad13 - So are you assuming PSEC (and BDCs in general) never make it to their cyclic upside? Isn't that a little "short" sighted? If not, isn't now the time to buy shares of BDCs so you'll have a low cost basis when the cycle goes high again?
    Mar 30, 2015. 12:58 PM | 1 Like Like |Link to Comment
  • Prospect Capital: A Cheap Cigar Butt? [View article]
    45Cal - you also watch and learn and make money no matter what they do! I saw your earlier post about buying low and selling high. IMHO, people who aren't willing to do that (or at least buy low and trim high) should not be in any of these cyclical high dividend/interest vehicles.
    Mar 30, 2015. 12:49 PM | Likes Like |Link to Comment
  • Prospect Capital: A Cheap Cigar Butt? [View article]
    Bruce - where are you putting your money these days?
    Mar 30, 2015. 12:47 PM | Likes Like |Link to Comment
  • Prospect Capital: Have We Already Seen The Bottom? [View article]
    Thanks for that thought on moving a stock that is below cost basis from an IRA to a Roth IRA! It is an obvious move, but I had not yet thought of it!
    Mar 30, 2015. 12:18 PM | Likes Like |Link to Comment
  • Prospect Capital: Have We Already Seen The Bottom? [View article]
    Personally, I believe that is a primary key to success. Too many people believe that it doesn't matter when you buy...perhaps it justifies their impatience, but I am much happier always buying when the price is under certain moving averages.
    Mar 30, 2015. 12:11 PM | Likes Like |Link to Comment
  • Here's Why We Think Zynga's Gross Margin Could Decline In The Future [View article]
    I haven't seen an uptrend since ZNGA went below $3 last September. Does anyone here see an event that will start a new sustainable uptrend above that? By event I mean an earnings report or other action. Releasing new games doesn't seem to move the stock price until they translate into earnings.
    Mar 30, 2015. 10:51 AM | Likes Like |Link to Comment
  • MORL April Dividend Brings Yield To 23.2% [View article]
    Matthew and Div#1 - I think you are talking past each other. I think you have different definitions of what "hedges work" looks like. The evidence specifically with mREITs shows that they can be successfully used to mitigate losses, but will likely not fully prevent them.
    Mar 27, 2015. 07:46 PM | 2 Likes Like |Link to Comment
  • 15% Dividend Armour Residential REIT's Latest Update Shows Strategy Change Is Working [View article]
    However, it does have to do with buying low because prices fluctuate with rate rumors and cycles and a low cost basis is better. ARR is the most beaten up of the mREITs, but I would wait until a Fed Rate panic first. I heard Yellen hinted today that there may be a small one (rate raise) before the end of this year. After the initial panic (I don't know when that will happen), wait for mREIT prices to "settle", then buy something with a good prognosis. Watch the charts and pick up something cheap!

    In the mean time, I'm buying BDCs (and BDCL) and MLPs (and MLPL) that have been beaten up.
    Mar 27, 2015. 07:17 PM | Likes Like |Link to Comment
  • 15% Dividend Armour Residential REIT's Latest Update Shows Strategy Change Is Working [View article]
    Hindsight is always perfect...the problem is in predicting the future.
    Mar 26, 2015. 11:15 AM | Likes Like |Link to Comment
  • The Puzzling Case Of Spreads Is Resolved: Western Asset Mortgage Capital [View article]
    I wouldn't rule out a very small token rise in the Fed Rate before the end of the year (I'm guessing before November), followed by no more rate raises for years.
    Mar 25, 2015. 05:09 PM | Likes Like |Link to Comment
  • American Realty Capital Properties - Clean Books, Great Assets, Superb Value [View article]
    toneguru - yes, it sounds worse if you don't take into account the special events that took place. However, I look for bargain basement prices of good assets, and I see nothing wrong with the underlying business here! If I were to only evaluate companies on their price direction and dividend direction, I would loose a lot of money (although momentum investing can be profitable)!
    Mar 25, 2015. 05:05 PM | Likes Like |Link to Comment
  • Prospect Capital And The Best Stocks For 2015 [View article]
    True! Any idea of the value of the assets to be spun off? That should indicate the decrease in NAV...similar to a stock split.
    Mar 25, 2015. 04:58 PM | 3 Likes Like |Link to Comment
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