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Lightstream Resources Ltd. Message Board

beabaggage 32 posts  |  Last Activity: 15 minutes ago Member since: Nov 13, 2008
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  • starting to look really interesting here sub $18CA (CUF.TO) along w Artis, AX.TO, from a potential consolidation standpoint, probably some currency risk and tax risk in US. Could attract hedgie interest soon w rates staying so low. $3bCA market cap, someone offers $22CA it is probably gone..paid .1225/mo CAN to wait.

    Sentiment: Buy

  • Reply to

    What's Wrong With This Fund?

    by foreverwhiteroses Jun 24, 2015 4:35 PM
    beabaggage beabaggage Jun 28, 2015 3:19 PM Flag

    they are all getting crushed now no matter the focus, midstream mlp, reit, pfd, long or short bond, domestic or international.. appears to be a good time to avg into some, ISD is also short duration, similar action, pru mgmt.. I think it is this "fear" of lack of liquidity in bonds in general plus interest rate and currency uncertainty. Hedge funds have been buying into some of these, I see Barron's did an article 6/28 on JPS, nuveen cef for pfds. keep your pencils sharp, if you are long term investor I think there are opportunities. Bea

    Sentiment: Buy

  • Reply to

    Clearbridge...

    by hrosenldgt56a May 20, 2015 11:38 AM
    beabaggage beabaggage Jun 28, 2015 3:14 PM Flag

    I am in CBA, down a little w distributions (.305q) since I bot it,I guess? I was early.. it has a NG focus, NTG used to, they are changing the rules to allow more non NG MLP's since there are a lot of MLP mergers...I may add a little more CBA, I like Legg Mason CEF's.. when you see NG midstream/mlp's getting hit you know income investments are under pressure! omg... as far as other MLP funds, don't like anything w upstream in them, it seems too risky to me. I did not own but watched SRF go all the way down,, sad.

    Sentiment: Buy

  • Reply to

    Discount widens..

    by hrosenldgt56a Jun 26, 2015 10:21 PM
    beabaggage beabaggage Jun 28, 2015 3:10 PM Flag

    I think it is more of the "fear" of lack of liquidity now and general market unease. Usually you don't see discounts like this in CEF's until after year end distributions UNLESS market is predicting a fall/ there was a big widening in 2007-2008 prior to the crash. If you are committed to long term and not day trading, fear is good and a nice diversified mix of income CEF's seems like a good nibble to me. Barron's/hedgies pushing cef's lately, they are seeing value,, sunday featured JPS, Nuveen pfd fund. who knows. when you see NG midstream MLP's down, you realize anything income related getting clobbered,,. sharpen your pencils. I may add a little this week on ISD, like GHY as well, a few others, PFN... glta,, Bea

    Sentiment: Buy

  • beabaggage by beabaggage Jun 26, 2015 3:50 PM Flag

    what is the point? just another mlp fund.. shame.

    Sentiment: Sell

  • Reply to

    New Name

    by kenhshaw Jun 8, 2015 3:52 PM
    beabaggage beabaggage Jun 26, 2015 3:41 PM Flag

    reminds me of Merck and the Vioxx depths of despair times, unloved by all.. $40 seems like where it will bottom then I will buy a little for ira

  • Reply to

    Putin

    by greenbacks98 Jun 22, 2015 4:33 PM
    beabaggage beabaggage Jun 26, 2015 11:34 AM Flag

    like any investment you really just have to due your dd/ I use nuveens cef connect site to do some screens and research, from there you can easily connect to the cef sponsor site and see philosophy/feedback, lots of history, current investment composition in the funds etc. I think Morningstar does some cef analysis but you have to pay, sorry I don't pay for stuff, also dividend yield hunter website under preferred tab keeps a cef listing and he is currently bearish on most fixed income other than short term debt preferreds,, so he gives some investment color as well,, then of course seeking alpha has the occasional article on cef's. mostly I use a combination of indepth review and technical analysis/value approach when I make a buy. I see we are down again today and interest rates up.. . sorry to go on, hope this helps. Personally again, i see a lot of opp in the CEF space if you are a long term investor ( where are they?? lol) Bea

  • Reply to

    Putin

    by greenbacks98 Jun 22, 2015 4:33 PM
    beabaggage beabaggage Jun 25, 2015 1:53 PM Flag

    it amazes me the massive discounts many funds sell at to NAV,, and then funds that usually at full value or slight premium now at discounts. some of the nuveen pfd cef's have raised their dist this year, have positive UNII and modest leverage and hold mostly bb or better rated issues,,many CEF's are down 20-30% this year and seem worth a nibble.

  • popped up in my income watchlist w recent drop..these income cef's/pfd cef's are all under pressure of course but could be interesting here. very unusual for cef discounts to be so wide mid-year. at some point this has to attract hedge fund interest in cef's again. Bea

  • Reply to

    Putin

    by greenbacks98 Jun 22, 2015 4:33 PM
    beabaggage beabaggage Jun 23, 2015 12:20 PM Flag

    LOL or there is a virus operating inside yoohoo,,all these boards come up w Russian translated names for me too. seriously, can't believe some of the historical value to nav relationships in the pimco funds recently; funds that are earning their distributions and then some like PFN .. "interest rate/thin bond trading fears" ..some other groups too, Nuveen (JTP) popping up on my radar.. it is always something. glta, Catherine the Great (aka Bea.)

    Sentiment: Buy

  • Reply to

    WHAT THA' HECK IS WRONG WITH CNP?

    by onetoughtexan2003 Jun 16, 2015 7:11 PM
    beabaggage beabaggage Jun 23, 2015 12:02 PM Flag

    it is mostly interest rate increase fears, if you overlay a 6mo chart w SO, DUK, looks about the same (decline) as CNP. there is probably more room for consolidation (mergers) in this industry, w long term rates still very low, would not be surprised to see more of that, has been nothing really since EXC bot POM. price starting to look interesting to me here. Bea

  • Reply to

    Drat

    by dr.hughakston Jun 19, 2015 4:40 PM
    beabaggage beabaggage Jun 20, 2015 1:13 PM Flag

    I don't know yoohoo's policy on time period from ipo on being able to comment on a message board but I think it is ridiculous that IRT has been public almost 2yrs and you have to sift thru this RAS board to read investor opinions on IRT! It is just stupid. If it is listed on a major exchange, it should have a message board.

    No wonder there are less and less comments on these boards and more and more spam. you have to wonder if yoohoo doent sponsor the spam to build page views!

    any-hooo.. I think IRT is looking interesting w recent volatility and merger damping the sh price and weakness in general in the r/e space -and yield is now attractive for the risk. Most folks cannot afford houses and apts will be important for many more years. So rent increase potential should be strong as well.. Bea

  • of course for now and a while (2yrs required in the fund provisions) there has been no new Build Am Bond issuance.. so mgr is changing to allow more investment in non BAB taxable muni's. No asset mgr would ever give up assets under mgmt. etc.., they rarely if ever do.. they just change the rules. So this becomes another hybrid confusing levered muni fund. to me this would indicate the potential for increased uncertainty and hence increase potential in discount to NAV and cut to distributions as rates stay low. W price decline recently coupled w BAB feature, it was looking interesting to buy.. now I'd sell and switch to other CEF's. Bea

    Sentiment: Strong Sell

  • Reply to

    Big Day

    by egroupsnewone Jun 16, 2015 3:17 PM
    beabaggage beabaggage Jun 17, 2015 11:32 AM Flag

    well the drop was flatish compared to yesterday's close pre xd of about 14.89, to 14.40 area.. the NAV xd is about 16.62,, dist declared at .13 thru Oct 2015 fund yr end date,, as I have noted before, question remains if there are no cap gains, will they cut dist or pay ROC.. we will see,, the whole income CEF space is under a lot of pressure no matter what invested in, muni/hy/mlp/investment grade bond, whatever... w dist to date, I am only down a little on a smallish position in diversifed cef holdings, I am holding. BW is among the best global fund managers, rating high consistently thru the years. Bea

    Sentiment: Hold

  • Reply to

    Any thoughts

    by kenhshaw Jun 10, 2015 11:02 AM
    beabaggage beabaggage Jun 14, 2015 1:28 PM Flag

    getting interesting to me around $11,, inflation "expectations" heating up a little, w wage, energy and food inflation going on...Bill Gates owns a lot of this fund,,a possible alternative to cash for a small holding in my a diversified income portfolio. earning most of it's distribution w small cap gain dist,,big discount to NAV. NAV has held up pretty well this year. Of course it is using leverage to achieve income payouts but expenses are pretty low for a CEF. Bond/income/yield malaise is affecting almost every income type CEF! may create a lot of long term opportunities imo.. well, glta, Bea

  • Reply to

    Price Action

    by melodius27 May 19, 2015 11:54 AM
    beabaggage beabaggage Jun 14, 2015 1:20 PM Flag

    this fund trades at an unusual disc historically to NAV of about 1.7% based on Friday's close,, it is earning the income and has a positive UNII as do most PIMCO funds. I am noticing a widening of disc in all CEF classes recently, even muni's, midstream mlp funds, high grade bond funds etc.

    Barrons has a little article Sunday 6/13 about CEF's mostly muni disc, not much worth reading but interesting as a value/contrary indicator? as this space gets so little attention considering the assets managed. a blurb about PCI. BBN on my radar again, taxable build America bond fund..

    Even FOF, an amalgam of CEF's, has an over 10% disc to nav, no leverage and yields over 8%. It has usually been a good buy at 12 despite ROC characteristics, about 12.7 now..

    These uncertain yield/currency times and the new "buzz" about "lack of liquidity" affecting fixed income seem to be creating a lot of op's for long term holdings.

    I am long PFN, BWG, CBA and have been watching PCN, PCI, ISD, BGH, GHY, may buy a little of ea spread the risk a little. Another interesting fund is WIW, TIP fund heavily owned by Bill Gates, perhaps as an alternative to precious metals and hedging hidden inflation risks.. glta. Bea.

    Sentiment: Buy

  • Reply to

    why does BWG continue to tank tank tank?

    by zbgb952 Jun 3, 2015 2:06 AM
    beabaggage beabaggage Jun 13, 2015 1:40 PM Flag

    goes xd on 6/17 by .47 (.34 special extra/lt cap gain and .13 regular dist which is comprised of cap gains of about .06 also) so it could drop below $14 this week on this volatility in interest sensitive assets.

    even the sainted midstream MLP's/ng midstreams are getting slammed and muni cefs. the discounts to nav in many cef's are near levels not seen since 2009 or the muni sell off w Meredith whitney nonsense. we have almost a 14% disc to nav of 17.17 here at 14.84.. they could use some of the pfd $ raised in Feb to buy back but they wont.. so sharpen your pencils and there may be a lot of good buys in the cef space thru year end for long term holdings.

    I am also long pfn and cba here. most of the pimco cef's are covering their distributions w/out roc and have positive UNII's with, again, widening discounts to NAV. CEF's are just not covered enuf considering the assets they hold. an occasional article here and there in Barron's and seeking alpo.. I would imagine hedge fund interest will be heating up with these discounts and payouts. glta, Bea

  • Reply to

    Portnoy's resignation

    by steverobecky May 27, 2015 8:39 AM
    beabaggage beabaggage Jun 4, 2015 1:35 PM Flag

    with all these "entity" shares, including SNH, making the new low list daily, it sure seems like at some point soon, coupled w all the problems, an Icahn or Ackman would sniff around and take a 9.9% in one of these "entities". is the house of cards finally falling apart? sure smells I mean seems like it. I think SNH will hit 17.50 soon. there has been no real fundamental growth here in years other than buying assets and issuing debt.

    Sentiment: Sell

  • beabaggage beabaggage May 26, 2015 12:16 PM Flag

    I see the .34 extra we are getting in June is classified as LT cap gains . Again, I like the mgmt. overall, they are good global bond mgrs. Holdings as of 4-30-15 are out, compared to the 3/30 I saved, could not discern much change except maybe a little more Indonesia, tweak here and there in holdings.. so we'll see how they invest the extra $50m pfd money they took on in Feb 15 and how it could improve income.

  • beabaggage beabaggage May 21, 2015 1:10 PM Flag

    agree, a small 5% buy back would have been smart.. they still have that $50m from the Feb pfd unless they invested it already.. oh well, foreign bonds are just out of favor and discounts are high,, also I think CEF disc are higher now due to the perceived new "risk" of lack of liquidity in fixed income and uncertainty w fed/foreign feds.. meant to say fall "ala TEI" not TEF, Templeton fund cut of dist.. I see other LM CEF's (Western Asset ones) cut dist slightly.. we'll see.

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