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AlbionWood

AlbionWood
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  • Prospect Capital Suffers A Flash Crash [View article]
    Nice buy. Sometimes those "stink bids" work pretty well!
    May 14, 2014. 11:23 AM | 2 Likes Like |Link to Comment
  • Potash Corp.: A Textbook Example That Contrarian Investing Works [View article]
    I did buy POT when the extreme volatility began to subside, and have been rewarded with 20% to 25% appreciation so far. With the generous dividend, this is likely to be a long-term hold for me. I love buying dividend growth stocks on sale.

    Also bought MOS around the same time, and it's up only 13% for me, with a lower dividend yield, but still looks like a good long-term holding.
    May 13, 2014. 05:18 PM | Likes Like |Link to Comment
  • GT Advanced, Rubicon gain on Dougherty coverage launches [View news story]
    We've already had a couple of them. GTAT has been heavily shorted for about 2 years, and something like half the float was short back when it was under $4. Somebody must have lost a lot of money.
    May 13, 2014. 05:05 PM | 1 Like Like |Link to Comment
  • Nuveen To Consolidate Its Equity Option Income Funds: What Does It Mean? [View article]
    Thanks very much to Left Banker and the always-helpful Doug Albo for these insights. As a holder of both JLA and DPO (both after reading Mr. Albo's articles and following up with more research), I have a keen interest!

    It sounds like we are cautiously optimistic about the prospects for JLA up to the merger, but it also sounds like the reason I bought it in the first place - tax-advantaged high income - might diminish afterward.

    Now I must decide what to do with DPO. It's up 36% since I bought, reflecting the leverage on underlying. Would very much appreciate any thoughts about the prospects for the new unleveraged fund DIAX - in particular, how will the distribution be affected?

    I'm in both these funds - and several EV funds as well - primarily for the tax-advantaged income. I bought them all at double-digit discounts to NAV, figuring that makes them even more defensive. So far, so good. There are worse calamities than having to sell at a nice profit, pay capital gains tax and redeploy elsewhere... but it does mean more work at a time when I'd rather be doing other things.
    May 5, 2014. 02:07 PM | Likes Like |Link to Comment
  • What's The Probability That This Dark Horse REIT Wins? [View article]
    And the quote is "liars, damned liars, and statisticians."
    Apr 22, 2014. 12:41 PM | 2 Likes Like |Link to Comment
  • Ensco Plc: Is A 6% Yield Enough To Overcome The Risks Involved In Holding The Shares? [View article]
    Barrons article includes three main reasons for the predicted price drop, and one of them is... more deepwater drilling and production. I guess before we see that $75 oil, we are likely to see $45 RDC...
    Apr 11, 2014. 02:11 PM | Likes Like |Link to Comment
  • Seadrill gets an upgrade at Societe Generale but still disliked [View news story]
    I just added more shares. Maybe too soon, but the yield is great and if the dividend is safe, I don't really care what the price does from here.
    Apr 9, 2014. 03:27 PM | 1 Like Like |Link to Comment
  • Seadrill gets an upgrade at Societe Generale but still disliked [View news story]
    And a third thing: Did you sell the stock when the price fell?

    Stocks are a means to an end. If the goal is income, SDRL is meeting that goal, regardless of price action.
    Apr 9, 2014. 03:11 PM | Likes Like |Link to Comment
  • Ellington Financial shares back on sale [View news story]
    Strange that the market is once again discounting this solid performer.
    Apr 7, 2014. 10:30 PM | Likes Like |Link to Comment
  • Balance Sheets Mean Little To Green Economy Stocks: Why I Hate Book Value Analysis [View article]
    Dude, cut back on the caffeine, you're ranting.
    Apr 7, 2014. 10:27 PM | 3 Likes Like |Link to Comment
  • Is It Safe? Leveraged Fund Of (Closed-End) Funds Is Paying 18% [View article]
    Good article on something I had just begun considering (probably as a result of Mr. Bronfman's article). Love the Marathon Man reference, too. Zell!
    Apr 7, 2014. 07:23 PM | 4 Likes Like |Link to Comment
  • GT Advanced surges; Goldman ups PT, praises Apple deal [View news story]
    "26% of GT's float remained shorted as of March 14."
    Can someone please explain to me how that works? It was 40 to 50% shorted back when it was $4 - now it's quadrupled, and still 25% short! Is this a clever way to get rid of the excess money the Fed is creating? ;)
    Apr 2, 2014. 11:19 AM | Likes Like |Link to Comment
  • Balance Sheets Mean Little To Green Economy Stocks: Why I Hate Book Value Analysis [View article]
    "Self-sufficient?" Hardly. Myriad subsidies for all energy producers. Dependency on government incentives is unquestionably a feature of "green energy" companies, but also of Big Oil, MLPs, etc. It's just that those subsidies have been around for long enough that they seem "normal" whereas the ones for green energy seem "distorting" - particularly if you have a political bias.
    Apr 1, 2014. 02:51 PM | 5 Likes Like |Link to Comment
  • Corning: A Perfect Case Study On When To Sell [View article]
    Great article and many good comments as well. The author's focus on process rather than outcome is a point well taken. I bought GLW when it appeared undervalued; now my question is, do I hold it as a dividend-growth stock (with little probability of capital appreciation), or sell and find something else to do with the cash? Not an easy question to answer. This is in an IRA, 7 years from retirement.
    Mar 26, 2014. 12:04 PM | 2 Likes Like |Link to Comment
  • Transocean +1.4% as Citigroup calls a bottom for shares, rig market [View news story]
    Well, crud. Guess that's why SDRL ran away from my limit order (read: bottom-fishing) today.
    Mar 19, 2014. 11:13 PM | Likes Like |Link to Comment
COMMENTS STATS
815 Comments
930 Likes