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Ship Finance International Limited Message Board

  • allnightdate allnightdate Apr 11, 2013 1:34 PM Flag


    Board members, if this board is to become a better board, there is going to have to be more frequent,open discussion. The more exchange of investment ideas is much needed here. I'm not talking about it becoming a daytrading site. But we do need more sharing. Post what you currently own. And what's looking good to you.

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    • ok, I'll play :)

      I'm up just shy of 21% at this point in time, driven largely by 2 holdings. ACAS, which I've mentioned before and bought between Q3 '08 and Q2 '09. Up 20% ytd. This one has a ways to run if you're patient- expect to hold it 18-24 months for the remaining value to be unlocked. Near $20 by end of year, $25-$30+ divs by end of 2014.

      The other main driver is a weird one that could still break my heart... FMCKJ. I've owned it since '10, and at the moment it's up 175% ytd. This is an exceptionally complicated play, the endgame of which will likely be determined more by politics than business reality. This will either go to the face value of $25 or to zero.

      HHC has been a contributor, and IMO there's still more value here. Some of their best properties haven't even begun to contribute to the bottom line. $120-$150 in 2015.

      ALDW and NTI are doing ok (rough ride though).

      SFL and SDRL are solid.

      QCOR is going to pay off, and is attractive at this level if you don't own it.

      Most of these are story stocks; happy to discuss further if there's interest.

      • 1 Reply to feralcomprehension
      • Kind of a feral portfolio? Can't argue with success.

        I'm on board with ACAS and wish I had added a few shares when this last dip. Better opportunities may well lie ahead... and then again, maybe not. Jeff Macke had a yahoo interview up this AM with a guy who think the market is currently in a correction and has been for awhile. He sees the correction as sector by sector so less noticeable. I like that idea. Hope he's right. I did start a position in RSO, a commercial REIT, today.

    • OK, I'm currently up over 12 perceent YTD. My holdings include SFL, MO, PM, T, NCT, TWO, CLMT, CINF, and GE. Lately, T and CINF have been strong. T pays a dividend around 5 percent and CINF pays a nice dividend and has raised the dividend each year since I have owned it. I have owned CINF about five years with a return of over 90 percent without dividends added back. My average cost is $26.

      • 1 Reply to bayman667
      • BAYMAN
        YOU are one great guy --thanks for posting your stocks
        Here is a take on myfavorite NYCB
        New York Community Bancorp is considered the twentieth largest public bank holding company in the U.S. with 275 branch offices in five states. In the past five years, the bank has consistently grown its net interest income, from $675.5 million in 2008 to more than $1.16 billion in 2012.

        Its non-interest income has increased much faster, climbing from $15.5 million to more than $297.3 million during the same period. Interestingly, its net interest margin has been above 3.1% since 2009. In 2012, its net interest margin stayed at 3.21%.

        In 2012, the majority of the bank deposits, $9.12 billion, or nearly 37.6% of total deposits, were certificate deposits. The second biggest deposit was NOW and money market accounts, with more than $8.78 billion in deposit. Savings account was $4.2 million while the non-interest bearing accounts reached $2.76 billion.

        Loan portfolio concentrates on mortgage lending

        In terms of loan portfolio, New York Community Bancorp had three components: Covered Loans, Non-Covered Loans Held for Sale, and Non-Covered Loans Held for Investment. Covered Loans are the loans the bank acquired in its FDIC assisted acquisitions and they are covered by loss-sharing agreements with FDIC.

        Non-Covered Loans Held for Sale are the one-to-four family loans that the bank originates and aggregates for sale, while the Non-Covered Loans Held for Investment are loans that the bank originates for its own portfolio. In 2012, the majority of its loans were Non-Covered Loans Held for Investment, with more than $27.1 billion in loans.

        The Non-Covered Loans Held for Sale were only $1.2 billion while the Covered Loans were around $3.3 billion. The bank concentrates its loans on multi-family mortgage loans of nearly $18.6 billion, accounting for 58.9% of the total loans.
        J CRAMER says the bank may cut it divi??? this article supports me in why I own it.
        thoughts comments pls

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