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AlbionWood

AlbionWood
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  • MORL April Dividend Brings Yield To 23.2% [View article]
    "An investment of $100,000 would be worth $283,848 in five years. More interestingly, for those investing for future income, the income from the initial $100,000 would increase from the $23,200 initial annual rate to $658,852 annually."

    Is there maybe a misplaced decimal point in that last number?
    Mar 23, 2015. 01:08 PM | 7 Likes Like |Link to Comment
  • CEFL March Dividend Brings Yield To 19.2% - SMHD May Be A Good Diversifier For CEFL [View article]
    Bert, your margin would then be 4X, since your original cost is fixed at $2000 and your shares are now worth $8000. How much money do you now have to put in (buying new shares) to get your margin back down to 2X?
    Feb 27, 2015. 02:43 PM | Likes Like |Link to Comment
  • CEFL March Dividend Brings Yield To 19.2% - SMHD May Be A Good Diversifier For CEFL [View article]
    Look for some Low Gap Whiskey. Little known but award-winning distiller using old Germain-Robin stills out in the Mendocino hinterland. Amazing stuff.
    Feb 27, 2015. 02:37 PM | Likes Like |Link to Comment
  • Illinois Tool Works: High Yields Aren't Sustainable [View article]
    This is a DGI stock, so it would be helpful and relevant to include some discussion of the dividend growth potential. Will reducing the buyback lead to a higher dividend growth rate?
    Feb 4, 2015. 04:54 PM | 1 Like Like |Link to Comment
  • S&P 500 FCF Analysis: What You Do Depends On Who You Are [View article]
    Mycroft (great handle btw), thanks for your articles, I am learning from them. I've set up a spreadsheet to calculate these ratios, using financial data from Fidelity, which leads me to a question:

    In the calculation of FROIC, do you use only the long-term debt, or the total long-term liabilities? I sometimes find very large amounts assigned to "Liabilities - Other" in addition to "Long-Term Debt" and wonder if these should be added together to calculate FROIC.
    Jan 22, 2015. 01:21 PM | 1 Like Like |Link to Comment
  • Top Picks Within Mortgage-Backed REITS For 2015 [View article]
    Also $EFC, not a REIT but treated like one by the market. Growing BV but selling at a discount, resulting in an eye-popping 15% yield. Normally it's priced for a 10% - 12% yield, so mean reversion would imply substantial price appreciation.
    Jan 15, 2015. 11:54 AM | Likes Like |Link to Comment
  • Ellington Financial discount widens [View news story]
    DVL - Because the market is never wrong?
    Jan 9, 2015. 11:41 AM | 1 Like Like |Link to Comment
  • In Search Of Income: Covered Call CEFs (Part II - Specific Funds) [View article]
    das- By understanding what a covered-call CEF is and how it generates income. NAV is only part of the story; covered-call writing is a bigger part.
    Jan 8, 2015. 04:52 PM | 1 Like Like |Link to Comment
  • Energy Stocks: The Opportune Time Is When Both A And B Occur [View article]
    How is old Khomeini's health these days, anyway? What happens in Iran when he finally shuffles off to his eternal rewards?
    Jan 8, 2015. 02:24 PM | Likes Like |Link to Comment
  • First Solar Charging Higher In 2015? [View article]
    That last paragraph pretty much confirms my original impression: this is a NIMBY issue for you. I can certainly appreciate that, and I share concerns about the environmental effects of large projects (of any kind) in the fragile desert ecosystems. I kind of understand why you might be using Cd as a proxy for the real environmental harm - it's easier to scare people with toxics than it is to get them concerned about long-term harm to a complex ecology.

    Strange, though, to see that you argue against one company on the basis of its potential toxic releases - while investing in fraccers! To each his own.
    Jan 8, 2015. 01:42 PM | 1 Like Like |Link to Comment
  • First Solar Charging Higher In 2015? [View article]
    OK then. The subject being investments in energy production - what companies/technologies do you regard as safer and better investments today?

    As for CdTe, how about some perspective. How much Cd enters the environment annually from all sources? (I'm quite curious how much is distributed in batteries.) What percentage of that is represented by SLRC installations?
    Jan 2, 2015. 02:40 PM | Likes Like |Link to Comment
  • First Solar Charging Higher In 2015? [View article]
    ablaze - There are serious ecological concerns about the large desert solar arrays. Potential relase of Cd from the films inside glass panels... is pretty low on the list. The damage from construction and maintenance is of far more concern to me.

    I have to say that the sum of your argument seems to come down to fear, uncertainty, and not-in-my-backyard. The entire planet is suffering from the consequences of fossil-fuel energy production, vast amounts of toxic metals and organics are being emitted, and everyone in the whole world is a Guinea Pig for the long-term experiment of burning coal, oil, and gas. If you want to convince people that desert solar is really an environmental threat, show us how it compares to the actual and present harm being done by the alternatives.

    No human activity is risk-free, least of all energy production. It is the relative risks that we need to evaluate: which way results in the least harm?
    Jan 2, 2015. 12:26 PM | Likes Like |Link to Comment
  • GT Advanced asks for approval to pay millions in exec bonuses [View news story]
    It sure does.
    Dec 31, 2014. 02:12 PM | Likes Like |Link to Comment
  • GT Advanced asks for approval to pay millions in exec bonuses [View news story]
    pittski - Seems counterintuitive to me. If they are confident the company will emerge intact, then why not incentivize with stock (which is nearly free) rather than cash (the shortage of which is the reason they are bankrupt in the first place).
    Dec 31, 2014. 02:12 PM | 4 Likes Like |Link to Comment
  • First Solar Charging Higher In 2015? [View article]
    Actually, he did. Risks of toxicity are relative, not absolute; there are no risk-free sources of energy. So the question to ask is whether this (or any) particular technology results in more risk, or less, as compared with other current sources and technologies. It should be immediately obvious that solar farms - with effectively zero emissions - are far less risky than fossil-fuel combustion or even nuclear plants. Cadmium is a toxic metal in certain concentrations, "dose makes poison" as the old saying goes, and if the Cd in these panels is not released to the environment in a mobile form, it presents very low risk.

    As for "end of life disposal," this question contains two implied assumptions that must be addressed. First, what is the expected life of a solar panel, and how does it "end?" Second, is there any reason to assume "disposal" is the end fate, instead of recycling the components? Cadmium in particular should be easily recyclable.
    Dec 31, 2014. 02:07 PM | 6 Likes Like |Link to Comment
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