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Thalidomide Baby

Thalidomide Baby
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  • I Believe The Time To Buy Rayonier Is Here [View article]
    I don't think that you should assume that stocks that have been doing poorly recently to be sheltered in some kind of safe harbor and ready for an upcoming market storm. They are already in trouble and would get hit even harder than the average stock.
    Mar 13, 2015. 09:56 AM | 1 Like Like |Link to Comment
  • S&P 500 Telecom Services Sector: AT&T Vs. Verizon - Who Wins The Battle Between Growth, Yield And Value? [View article]
    Mr. Carnevale, I would like to thank you for all of your well-researched articles. I especially appreciate your complete approach in looking at fundamentals as well as charts and timing.
    Mar 12, 2015. 04:06 PM | Likes Like |Link to Comment
  • American Realty names new CEO [View news story]
    Exactly. The banks would disagree because they are paying it out to all the individuals so it adds up to something. For the individual investor, that little bit of extra compounding is irrelevant. The costs to the company in paying the dividend monthly are not insignificant, though.

    Look at it as the quarterly dividend is the monthly dividend for the *next* three months, combined and paid at the beginning of the period, rather than as the monthly dividend for the *last* three months, combined and paid at the end. See? There really is no difference except in your perception and when you bought the stock in relation to the date of record for the dividend.

    I have some stocks that pay monthly. It is admittedly nice to see that dividend every month instead of every quarter just because it is nice to get a dividend, to see it in my account. (I even enjoy getting my $5 dividend every quarter on Citigroup even though it won't buy lunch.) But keeping track of monthly dividends, the accounting of it, is aggravating.
    Mar 12, 2015. 04:01 PM | Likes Like |Link to Comment
  • American Realty names new CEO [View news story]
    I don't understand the obsession with monthly dividends, either. It simply increases administrative costs.

    Someone who must have dividends paid monthly because they can't budget them out over a quarter shouldn't be investing in stocks, anyway.

    The only semi-valid reason I have seen is that it increases the compounding but when you look at the numbers, they are insignificant.

    Besides, getting quarterly dividends is like being paid the monthly dividends ahead of time, if you choose to look at it that way.
    Mar 11, 2015. 03:06 PM | 1 Like Like |Link to Comment
  • American Realty names new CEO [View news story]
    NYS Attorney General will step in if necessary.
    Mar 11, 2015. 12:50 PM | Likes Like |Link to Comment
  • American Realty names new CEO [View news story]
    Stephen, I was just joking with you. Your summary is excellent and appreciated.

    I am (fortunately) a shareholder only since the scandal broke. I'm hoping for a dividend of $0.60 a year. Anything over that, I'll be thrilled. Less than $0.40 to start won't make me a happy camper. They may restart it low to strengthen the books and also to be able to increase it.

    If the stock does well, I hope long-time shareholders will stick with it and make some money rather than just selling when they hit a break-even point.
    Mar 11, 2015. 12:48 PM | 1 Like Like |Link to Comment
  • American Realty names new CEO [View news story]
    Hi, Stanley, what's up? ; )
    Mar 11, 2015. 11:09 AM | 1 Like Like |Link to Comment
  • Another activist calls for new board at American Realty [View news story]
    I added some today at the highest cost per share yet. It may go lower, but right now, it is one of the cheapest REITs, with the most intermediate- and long-term potential. That it is also so large makes this situation even more unusual.

    The only way I'm adding more is if it drops below 9, though!
    Mar 10, 2015. 01:20 PM | 1 Like Like |Link to Comment
  • Activist Investor Backs Down At American Realty [View instapost]
    Corvex is certainly correct in their assertions, but they are being a bit obnoxious with their demands. They control 8% of the shares, but that doesn't entitle them to control the company, including the selection of management and the board members.

    The current board is handling the situation properly and it has already been stated that the board composition will change. At this point, I'm sure most of the board members will be glad when their terms are over.

    As far as Corvex (i.e., Meister) backing down, that just shows that they can bark but have no bite, at least in this particular situation.
    Mar 10, 2015. 09:34 AM | 1 Like Like |Link to Comment
  • American Realty Capital Is Still A Speculative Security Suspended In Animation [View article]
    I think everything that needs to be done will be done. S&P outlined what needs to happen and there is no doubt that it will happen.
    Mar 4, 2015. 04:00 PM | 1 Like Like |Link to Comment
  • American Realty Capital Is Still A Speculative Security Suspended In Animation [View article]
    My position in ARCP is up over 17% with a future yield equivalent to its peers.

    My position in ARCPP is up over 14% not including the monthly payments on the 8% annual yield on cost. The preferreds are not callable until 2019.

    An equivalent position in O would be up roughly 10%, but O is still very much overpriced, especially since the author assumes interest rates will be rising.

    I expect ARCP to continue to go up, while I expect O to continue to go down. I expect ARCP to become more attractive as the management is put in place, the board changes, and the dividend is reinstated, while O is going to chug along maintaining the status quo.

    I understand how many can sleep much better at night with O, but I personally can sleep better with ARCP, for the short to intermediate term, anyway.
    Mar 4, 2015. 09:00 AM | 5 Likes Like |Link to Comment
  • Why We Think Amazon's Stock Is Fairly Valued At $295 [View article]
    Amazon doesn't even sell that one anymore, it is the previous model. . . it is only being sold by third party sellers for more than the current model.

    http://amzn.to/1LGy2yr

    I'm not surprised B&H is selling it for less than the third-party sellers on Amazon. They are trying to clear outdated inventory.

    Here's the current model:

    http://amzn.to/1LGy891

    Why would you buy an old camcorder?

    P.S. I am not tracking comments on this article any longer, so you don't actually have to try to come up with a response.
    Feb 26, 2015. 12:57 AM | 1 Like Like |Link to Comment
  • Why We Think Amazon's Stock Is Fairly Valued At $295 [View article]
    "I find all my items elsewhere at far better pricing "

    Could you give some examples? I always shop around, but rarely is the lowest price anywhere other than Amazon.
    Feb 25, 2015. 11:08 AM | 2 Likes Like |Link to Comment
  • Want To Build A Safe Income Portfolio? Don't Chase Yield [View article]
    The inverse of this article might also be true. A low yield may be a sign that a stock is overpriced. A growing dividend may not make up for capital losses.

    Neither blindly chasing yield nor ignoring underlying valuations is wise. I always look at yield + capital gains on long-term investments because I want to maximize the benefit. Looking at just yield OR capital gains doesn't work for me.
    Feb 24, 2015. 08:32 AM | 4 Likes Like |Link to Comment
  • A Blue Chip Mall REIT On Blue Light Special [View article]
    Your prejudice is unfounded. Puerto Ricans are U.S. citizens. In their last referendum, the majority who voted favored statehood. I have been in Puerto Rico for a couple of weeks and never encountered anti-Americanism, either in San Juan or in smaller towns.
    Feb 20, 2015. 02:05 PM | 3 Likes Like |Link to Comment
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