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Len Friedman

Len Friedman
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  • New Senior declares $0.23 dividend [View news story]
    Correction: SNR didn't exist before! I'm surprised we're getting any dividend this time around, hadn't counted on it until further down the road. Companies usually need more time to find their feet beneath them, resulting in a no-pay time zone.

    As for blending the two companies? I don't see doing that as they are not comprised of the elements of a few months ago. Oranges and apples don't work.
    Dec 22, 2014. 03:58 PM | Likes Like |Link to Comment
  • More noise about airfares [View news story]

    You've brought up points I think add tremendously to the discussion. I hope everybody here reads and possibly re-reads your comments. Excellent!

    Thank you!
    Dec 16, 2014. 10:13 AM | Likes Like |Link to Comment
  • More noise about airfares [View news story]
    The airlines have been killed more than a lot of other industries, due in no small part to exorbitant fuel costs. As soon as there's a bit of relief in sight, leave it to some jerk to accuse the airlines of misdeeds.

    There must be something wrong with becoming profitable!
    Dec 15, 2014. 03:23 PM | 21 Likes Like |Link to Comment
  • Lonestar Resources Is A Great Value Long Term For Your Portfolio [View article]
    There is so much emotional sway here! I'm wondering how many of us consider, let alone factor, emotional costs when assessing a controversial holding such as this one? This is not an easy portfolio partner in any conventional sense.

    I sold my position the beginning of this month when faced with an opportunity to add contiguous acreage to my small Texas ranch. Realizing I'm unexpectedly sitting on free cash, I debate getting back into Lonestar. I may be a glutton for self-inflicted punishment. lol Then again, I smell good opportunity here, and like most others, that can be exciting. However.................

    Reading through discussion on this board, I'm struck by two points in particular:

    1. People are frustrated.
    2. Ownership leading to successful returns is predicated on one's accepting a timeline extending into at least a year out from here.

    My life may be more complicated than that of others here, what with just having sold property, bought a ranch elsewhere, redesigning priorities and having to learn things about ranching and ranching as a business unto itself. That said, owning stocks can occasionally "feel" as though the shareholder has taken on responsibility for supporting a non-related in-law. Have you met my mother-in-law?

    There are some really easy stocks out there with fine potentials. Last week I added to my GE position and now sport a 1.9% gain. I don't even want to think about my loss in LNREF.

    This has me wondering why I worked so hard to get nowhere when a stock like GE is as easy as picking up a comb---something us bald guys rarely do, I should add. There's unlimited opinions out there plus all the charts and mental meanderings common to thoughtful investors who enjoy viewing things through the eyes of others---all focused on GE. And with a few thousand shares in tow, daily tallies reward handsomely, so it's not as though only penny stocks excite.

    So I'm left identifying with most others here. At the same time, I'm not seeing concrete identifiers confirming my expectations as visualized might actually be realized any time soon. When I'm unable to apply a mark-to-market approach and point to reasons I should buy back in now, it's probably time for me to walk in another direction lest I become, once again, a victim of my own need for that occasional homerun that never looked like more than a possible bunt.
    Nov 18, 2014. 01:34 PM | 2 Likes Like |Link to Comment
  • Lonestar Resources Is A Great Value Long Term For Your Portfolio [View article]
    I probably agree with you as "we" investors need news---to catapult our investments to higher planes. But the company doesn't need news, does it?

    The investing public often blames a company for not releasing PR's destined to justify our having made our investments in the first place. I think it's unreasonable to beg, whine and complain that our share price is flagging when it's not necessarily the company at fault. And rest assured, when the bottom line is involved meaningfully, a traded company must release the information.

    As for wishing for a constant feed of updates, it's natural to want it. It is definitely not reasonable to assume CEO's and the like read blogs and will respond to investor-mounted campaigns aimed at increasing the flow of information. And we hardly need fluff, either. But there is another way:

    Two weeks ago I called a CEO and asked if there isn't something he might fashion into a PR that would at least represent a going concern for faithful investors. He was genuinely surprised that I'd called. We'd spoken before, he had my name and phone# in his cell. He knows my investor relations background and explained that it was for for that reason he took my call.

    That surprised me but the real surprise came about a week later---as he'd promised me---with a PR laden with fine update material.

    Moral of the story: Want action? Do something about it. Don't assume CEO's know you're frustrated. They don't have time for blogs, they have in-your-face business to conduct, YOUR business! PR's follow only after the race is won.

    But an investor can also call and express disappointment. The important thing here is to become active as a participant and not merely as a reactor.

    I hope I haven't insulted anyone as I'm hoping to be part of a solution and not the problem.
    Sep 7, 2014. 01:36 PM | 4 Likes Like |Link to Comment
  • More on Neuralstem Q2 results [View news story]
    I'm hardly surprised, given that this is a quiet period within the spectrum of ongoing clinical trials. There's no reason to expect anything likely to buoy the flagging share price until parameters change.
    Aug 8, 2014. 11:12 AM | 1 Like Like |Link to Comment
  • American Airlines beats by $0.03, beats on revenue [View news story]

    You're a thinker and coming up with smart conclusions. I like that.

    It's all too easy to find one's self trapped by logic when, I fact, much of Wall Street isn't logical at all. It can't be because it's based on an expression of human style, approaches to managing complex situations and must always accommodate human whimsy.

    Good going!
    Jul 24, 2014. 07:12 PM | Likes Like |Link to Comment
  • Second largest American Apparel shareholder cashes out most of stake [View news story]
    It's highly doubtful that confidence, inspired or otherwise, will spell success or failure in this instance. It comes down to money to cover debt and management bent upon making certain that bills are paid.

    This is my second fling, now holding 2,000 shares at 92 cents. Made just a few bucks before, now with a $500 gain. I think this has legs, possibly to the $1.50 area before leveling off. Assuming the CEO is out, the hedge fund might provide decent leadership and bring the company to far loftier status than achieved thus far. I'm willing to be patient, perhaps stupid, but curious enough to take a chance.
    Jul 11, 2014. 09:46 PM | Likes Like |Link to Comment
  • Second largest American Apparel shareholder cashes out most of stake [View news story]
    Of course you're right. And it would be insane settling for 30 cents on the dollar when the company would likely fetch a higher number if put on display at your local auction block. I saw this when I bought back in but between then and now all I can say is--well, the wife and I handed a check to a realtor. That's why I'm feeling kind of stupid for my sophomoric move. There's a time for cavalier trading moves and this ain't one of 'em.
    Jul 6, 2014. 09:03 PM | Likes Like |Link to Comment
  • Second largest American Apparel shareholder cashes out most of stake [View news story]
    I especially like the colon at the end of your comment. Not too sure about the half-parenthesis. lol
    Jul 5, 2014. 09:02 PM | Likes Like |Link to Comment
  • Second largest American Apparel shareholder cashes out most of stake [View news story]
    That's hilarious.
    Jul 5, 2014. 08:59 PM | Likes Like |Link to Comment
  • Second largest American Apparel shareholder cashes out most of stake [View news story]
    I wish I felt more optimistic but I may have screwed up really bad...a couple of days ago I picked up 2,000 shares figuring to ride the turbulence to the end of a rainbow. I'd done this last week and did well over two days. If AAP's debt isn't handled well---from my perspective--I'll be out close to two grand.

    Oh, well---it's still fun. And I'm not giving up yet.

    Send your donations, please. lol
    Jul 4, 2014. 09:50 PM | 1 Like Like |Link to Comment
  • Charney closer to American Apparel 50% stake [View news story]
    I picked up a thousand shares last week for fun, smelled opportunity. Now up 15% and letting it ride. This is an oily rag just waiting to burst into flame, reminds me of AAMRQ/old American Airlines that is one of my all-time winners.
    Jul 1, 2014. 01:06 PM | 1 Like Like |Link to Comment
  • Lonestar Resources Is A Great Value Long Term For Your Portfolio [View article]
    It's unfortunate that US brokerages are compelled to attach trading fees due to the Australian connection. Foreign security fees are never pleasant. To wit (nit, half or dim, take your pick when reading the balance of this.):

    Schwab refused to handle LNREF trades for a friend, alleging that TDA acted criminally when handling my trades! This same brokerage charged $50 per trade in addition to the usual commission when another friend climbed on.

    Vanguard refused to process trades altogether.

    Ameritrade attached $15 per trade on top of my commission rate, explaining it's not a charge imposed by the brokerage but, instead, a "foreign security fee" imposed by the transfer agent. I have no reason to question this information.

    What I'd like to see is a dual listing for investors down under and also here in the States. This would have considerable impact on LNREF's move to endear US investors.

    Meanwhile, I appreciate your article and have enlisted myself as a follower of yours so that I can learn more about your investment interests.
    Jun 25, 2014. 02:35 PM | 4 Likes Like |Link to Comment
  • Newcastle presentation on Senior Investment spinoff [View news story]
    Michael Bryant, I'm enjoying your remarks in particular; Exquisite Decay also. However, I'm a bit surprised that nobody is bringing up a reason for NCT going through with this latest spin in the first place! I'm thinking it's to unlock value from within, value that might otherwise remain under the radar without adequately rewarding unit holders. One thing for certain is that the Company wouldn't go forward with this plan unless there were profit potentials at hand. That said, I think it would be naïve to assume the same old 40 cents per unit distribution will remain in place. The Company's guidance projects 30% ROI which suggests to me that the payouts will escalate before unit pricing moves higher in response. The increasing distribution will spark investor appetite, pushing units higher and more in line with other high profile REITS.

    The reverse must be implemented to remove needless risk from the divided components. After a few quarters, I'd expect that time plus smart management will have convinced investors that SNR is, indeed, a worthy investment vehicle. It will take time to demonstrate distribution stability and I think several quarters should do it.

    I've been adding units, $4.71 is a fine price. Tomorrow (Monday) I'll be continuing the hunt, especially if units drop back towards the $4.50 range and slightly below. This is where I was adding before the recent run-up by REITs in general. Units closed at $4.42 on May 6th. What with just having gone ex on Friday, we've got 90 days to wallow in nobody's land, effectively dead money. My hunch is that units will drop to something between $4.30 and $4.45. The 40 cents currently paid out might be justified by today's mixed assets but will not make any sense when only the senior housing portfolio is in the spotlight. If NCT's projection is close, then we add 30% to the 40 cents being paid and we come up with an annual distribution rate of just over 13%. I can believe it.

    I hope I'm not the only one jumping in bed with this one!
    Jun 22, 2014. 09:55 PM | Likes Like |Link to Comment