Seeking Alpha

Be Here Now

Be Here Now
Send Message
View as an RSS Feed
View Be Here Now's Comments BY TICKER:
Latest  |  Highest rated
  • CEFL March Dividend Brings Yield To 19.2% - SMHD May Be A Good Diversifier For CEFL [View article]
    My prior comment has one mistake. The index linked to CEFL rebalances annually, not quarterly.[1]

    [1] http://bit.ly/1wEDKQ4
    Mar 2, 2015. 02:30 PM | Likes Like |Link to Comment
  • CEFL March Dividend Brings Yield To 19.2% - SMHD May Be A Good Diversifier For CEFL [View article]
    BH,

    You have misunderstood the purpose of the monthly leverage reset. This has nothing to do with the index weightings. The index is rebalanced quarterly, not monthly.

    The purpose of the monthly leverage reset is to maintain the leverage amount at the same level as the Current Principal Amount. The Current Principal Amount is adjusted monthly to account for 2x the performance of the linked index.

    I suggest you do more than skim the product document. Find the detailed description of the Current Principal Amount. Become familiar with how it is calculated. Then find this statement:

    "During the term of your Securities, the leveraged portion of the notional investment, which will be equal to the Current Principal Amount"
    Mar 2, 2015. 01:54 PM | Likes Like |Link to Comment
  • CEFL March Dividend Brings Yield To 19.2% - SMHD May Be A Good Diversifier For CEFL [View article]
    Bert,

    You have done a lot of work but unfortunately you have completely misunderstood how these ETNs work.

    I do not see any mention of the process that is performed in the monthly leverage reset (this process is described in each of the prospectus supplements[1]). You do not mention the Index Valuation Level, or the Index Performance Ratio, or the Index Factor, or the Current Principal Amount. Most tellingly, you do not mention this statement from the prospectus supplement:

    >During the term of your Securities, the leveraged portion of the notional investment, which will be equal to the Current Principal Amount…<

    Please explain how anything you have done is a computation of the Current Principal Amount.

    [1] http://bit.ly/1DKNxDq
    Mar 2, 2015. 12:49 PM | 1 Like Like |Link to Comment
  • BDC Results Q4 2014: Part 1 [View article]
    Mighty MAIN.
    Mar 2, 2015. 12:19 AM | Likes Like |Link to Comment
  • BP Prudhoe Bay Royalty Trust: J.P. Morgan Says Sell - Stock Will Go Below $40 [View article]
    This is not the first SA article to warn about the Adjusted Chargeable Costs. Thanks to these articles[1] [2] I have been warned away from BPT. I suggest that the doubters give these articles a thorough read.

    [1] http://seekingalpha.co...
    [2] http://seekingalpha.co...
    Mar 1, 2015. 11:58 PM | 3 Likes Like |Link to Comment
  • Some Companies Are More Wonderful Than Others [View article]
    There have been a number of other studies that show the superiority of dividend investing: [1], [2], [3], [4].

    [1] http://bit.ly/1el5MVh
    [2] http://bit.ly/1el5MVh
    [3] http://bit.ly/VOonOw
    [4] http://bit.ly/1ejlxxE
    Mar 1, 2015. 11:05 PM | Likes Like |Link to Comment
  • CEFL March Dividend Brings Yield To 19.2% - SMHD May Be A Good Diversifier For CEFL [View article]
    ConfirmationBias,

    Your last paragraph is correct.
    Mar 1, 2015. 08:42 PM | Likes Like |Link to Comment
  • CEFL March Dividend Brings Yield To 19.2% - SMHD May Be A Good Diversifier For CEFL [View article]
    nicholas,

    There is no margin and no margin maintenance for owning CEFL or any other ETN in a cash account. Perhaps you are talking about buying CEFL on margin?
    Mar 1, 2015. 05:01 PM | Likes Like |Link to Comment
  • Herbalife cuts CEO pay after missed targets [View news story]
    $6.73M too much.
    Mar 1, 2015. 12:22 PM | 2 Likes Like |Link to Comment
  • CEFL March Dividend Brings Yield To 19.2% - SMHD May Be A Good Diversifier For CEFL [View article]
    FinalAnalysis,

    You are not missing anything. That is what I do.
    Mar 1, 2015. 11:34 AM | Likes Like |Link to Comment
  • Will The 'Income Bubble' End As Badly As The Tech Bubble? [View article]
    WSD,

    In 1972 Walmart and ADP both had decades of high growth in front of them. They were growth stocks and were able to support high PEs. In 2000 KO was a steady grower, not a high powered growth stock like Walmart and ADP were in 1972, and its high PE at that time caused its subsequent total return to substantially lag what it had done previously. You have compared apples to oranges.
    Mar 1, 2015. 03:18 AM | 4 Likes Like |Link to Comment
  • CEFL March Dividend Brings Yield To 19.2% - SMHD May Be A Good Diversifier For CEFL [View article]
    nicholas,

    FYI: If you own CEFL or any of the other UBS leveraged ETNs, you will never get a margin call.
    Mar 1, 2015. 03:09 AM | Likes Like |Link to Comment
  • CEFL March Dividend Brings Yield To 19.2% - SMHD May Be A Good Diversifier For CEFL [View article]
    It is in the product supplement.
    Mar 1, 2015. 03:03 AM | Likes Like |Link to Comment
  • CEFL March Dividend Brings Yield To 19.2% - SMHD May Be A Good Diversifier For CEFL [View article]
    Bert,

    You clearly have not done your homework. This is the last time I will point you to the product documentation. Get the Product Supplement for CEFL from the UBS web site. Find the description of Current Principal Amount, and see how it changes every month. Then find this statement:

    "During the term of your Securities, the leveraged portion of the notional investment, which will be equal to the Current Principal Amount..."

    Now do you see?
    Feb 28, 2015. 01:02 PM | 1 Like Like |Link to Comment
  • Medley Capital: Dividend Stress Test [View article]
    Assets at 200% of debt is the same as equity and debt being equal. There is no conflict with debt to equity ratio of 0.86:1.
    Feb 28, 2015. 06:55 AM | Likes Like |Link to Comment
COMMENTS STATS
4,668 Comments
6,023 Likes