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Linn Energy, LLC (LINE) Message Board

birdluck1 23 posts  |  Last Activity: Jan 16, 2015 5:43 PM Member since: Oct 7, 2005
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  • Reply to

    Very Odd Real Estate Holdings At DOC

    by palinbigbazzoo Jan 16, 2015 11:54 AM
    birdluck1 birdluck1 Jan 16, 2015 5:43 PM Flag

    The DOC business plan is specifically to buy many small properties, but they are carefully chosen from the best locations near major medical centers, and with strong doctor groups. This is allowing them to get much better returns than with larger facilities than the big Medical Reits purchase. You clearly have not read any of the presentations of financial reports to make such an uninformed statement. Are you perhaps hoping to short this stock? And where in the world did you get the crazy idea that they acquired a 300 sq ft building. 30,000 sq ft is on the small side for their acquisitions

  • DOC did a great job with timing the offering with the announcement of reaching 1 billion size. Perhaps that is why the stock price is holding so well today. I was hoping to pick up some more at below 16, but that seems unlikely now. DOC management is impressive. I wish I had purchased twice as much at 13 last year.

  • Reply to

    Moving

    by conjourtj82 Dec 29, 2014 8:40 AM
    birdluck1 birdluck1 Jan 14, 2015 5:43 PM Flag

    Yes you are correct, a price of 19 will yield 4.6%, which is comparable to the yield on HCN and VTR.

  • Reply to

    Moving

    by conjourtj82 Dec 29, 2014 8:40 AM
    birdluck1 birdluck1 Jan 14, 2015 4:00 PM Flag

    My prediction on the offering was pretty close. It looks like it will price at about 16.25 tomorrow. Great news on reaching one billion mark. Investment grade debt will be achieved this year, and DOC should trade with 4.5% yield.

  • Reply to

    In for 5K shares at 6.87..easy money

    by stablestock Jan 13, 2015 11:36 AM
    birdluck1 birdluck1 Jan 14, 2015 3:55 PM Flag

    Meant to write 6.70, not 7.

  • Reply to

    In for 5K shares at 6.87..easy money

    by stablestock Jan 13, 2015 11:36 AM
    birdluck1 birdluck1 Jan 14, 2015 3:53 PM Flag

    Had a order for few thousand at 7.00 in all day, but only had 1200 executed.

  • I think MWE could partner with EMG on a couple of current expansions and new facilities in order to boost current cash flow. Certainly EMG has been willing in the past. I do not think the distribution will be increased more than 1-3 % until oil and gas prices recover.

  • Reply to

    Loan payoff seems to be well received news

    by kenpalley2000 Dec 29, 2014 10:56 AM
    birdluck1 birdluck1 Jan 9, 2015 3:53 PM Flag

    Considering that two members of senior management have shopping center and retail experince, I view this activity as positive, particularly as these purchases are highly oportunistic and selective.
    I really like this REIT and have recently purchased 30,000 shares. I also own similar amounts of IRT and BRG. I am also heavily invested in energy MLPs, which thankfully I purchased at 2010 prices.

  • Reply to

    Moving

    by conjourtj82 Dec 29, 2014 8:40 AM
    birdluck1 birdluck1 Jan 8, 2015 8:07 PM Flag

    I have spoken to management about plans for 2015, and it is to grow as fast as possible until they reach investment grade, which is 1to 2 billion. I don't expect an increase in the dividend until that happens. I expect another offering by February.

  • Reply to

    Bought 8k at under $7.07

    by its_not_my_business_but Jan 7, 2015 11:11 AM
    birdluck1 birdluck1 Jan 7, 2015 3:54 PM Flag

    Added some at 7.01, next buy if it hits 6.80.

  • I take the liberty here of reposting an excellent overview of the effect of the SEC settlement, written by davisfoulger after it was announced.:

    Two months ago, just after RAS announced its SEC settlement, I said that "six months is a long time in the stock market" and suggested there would be ongoing price pressure until RAS reported it's 1Q results. Hence yesterday's nonsense-fest. It's worth repeating, however, the things that should happen in 1Q:

    1 - RAS bottom line (net income or GAAP earnings) will turn positive. My assessment is that this will happen no later than 1Q 2015. Indeed, without the SEC settlement, RAS came close in 3Q (a two cent a share loss). Without the Tabernas, earnings would have been about 10 cents per share. 1Q could easily be higher than that.

    2 - FFO will also turn significantly positive. Without the SEC settlement or the Tabernas, FFO would have been about 21 cents a share in 3Q.

    3 - AFFO will change very little. Without the Tabernas AFFO would have been 30 cents in 3Q and could be as high as 34 cents in 1Q. AFFO isn't as effective in discounting the Tabernas as CAD is, but it's pretty effective.

    4 - CAD won't be affected by closing out the Taberna and could be as high as 30 cents by 1Q.

    All of which looks good so long as you are looking out towards 1Q. We've already seen the effect of the SEC announcement, with a drop into the high $6 range, but there will be continuing attempts (as we had yesterday, to misrepresent what is happening and try to push the price down. It wasn't effective, probably because prices are already low, but I we certainly have another ex-div and the 4Q results left to report before RAS is likely to see a strong move to higher prices. In the meantime, a push down attempt could happen at any time. I have cash set aside against that possibility.

    Longer term, I expect that positive net income and FFO will move the price up significantly as the yield falls to around 7%, but that's next year.

  • Reply to

    DAR NSAM question

    by ruswise Dec 30, 2014 11:56 AM
    birdluck1 birdluck1 Dec 31, 2014 1:26 PM Flag

    One factor to consider in choosing NRF vs NSAM is your age. A 75 year old with a life expectancy of 10 years may prefer the slow growing 9% now rather than the rapidly growing 2%. A 35 year old will likely have a different view the odds that he will benefit from the rapidly growing 2% more than the slow growing 9%.

  • Reply to

    2015 Preliminary Predictions

    by rogluther Dec 26, 2014 1:19 PM
    birdluck1 birdluck1 Dec 27, 2014 10:40 AM Flag

    I do not make politcal comments on financial message boards. In my experience doing so does not end well. The better boards, like the MLP board at Investor Village strongly discourage the practice.

  • Reply to

    2015 Preliminary Predictions

    by rogluther Dec 26, 2014 1:19 PM
    birdluck1 birdluck1 Dec 26, 2014 7:41 PM Flag

    You do not write like someone who sees both sides. Quite the contrary.

  • Reply to

    2015 Preliminary Predictions

    by rogluther Dec 26, 2014 1:19 PM
    birdluck1 birdluck1 Dec 26, 2014 5:18 PM Flag

    This is below you. Shame on you for lowering your standards in this post. You must know that political rants can ruin a message board.

  • Reply to

    IRT closed on

    by ethison Dec 11, 2014 5:40 PM
    birdluck1 birdluck1 Dec 12, 2014 10:30 AM Flag

    You are reading into my message what is not there. I am delighted with the transaction. I am only trying to decide if there will be another chance for me get more IRT at a lower price.

  • Reply to

    IRT closed on

    by ethison Dec 11, 2014 5:40 PM
    birdluck1 birdluck1 Dec 12, 2014 1:34 AM Flag

    So they have already spent 60 of the 70 mil from the recent spo. What now, another spo?

  • Reply to

    Looking out towards 1Q

    by davisfoulger Nov 11, 2014 5:06 PM
    birdluck1 birdluck1 Dec 1, 2014 12:22 PM Flag

    Yes, it sure beats my first purchase at 8.40. I have been averaging down ever since.

  • Reply to

    Looking out towards 1Q

    by davisfoulger Nov 11, 2014 5:06 PM
    birdluck1 birdluck1 Nov 17, 2014 3:46 PM Flag

    Just added some at 7.14.

  • Reply to

    office and retail occupancy rates

    by birdluck1 Nov 12, 2014 5:27 PM
    birdluck1 birdluck1 Nov 13, 2014 2:25 PM Flag

    I spoke to RAS today. Your guess is correct. The occupancy of the old! legacy office and retail properties is not likely to improve soon, as they are not in very healthy markets. The newly acquired properties which are at 100 and 96% occupancy in which are recently purchased are indicative of the kind of opportunistic purchases they will make in the future. These will be properties on which RAS has lent, and will be well understood as such. Also the rents from the office and retail sector are only 25% of the total rents from all of the equity holdings including the multi family sector, and the 25% will be lower in the future as the multifamily sector grows much faster than office and retail.

LINE
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