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Intel Corporation Message Board

clrodrick 551 posts  |  Last Activity: Aug 31, 2014 4:25 PM Member since: Dec 2, 2005
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  • Reply to

    Divvy run up?

    by bigbear.2010 Aug 29, 2014 12:26 PM
    clrodrick clrodrick Aug 31, 2014 4:25 PM Flag

    You are correct, I was oversimplifying things. There is also the IDR angle to look at. And the Cohen angle, heh.

  • Reply to

    online brokers (OT)

    by frigator Aug 29, 2014 1:38 PM
    clrodrick clrodrick Aug 30, 2014 5:45 PM Flag

    That sounds like an ordeal I would want no part of at all. Sorry to hear that. I can definitely see why you would shy away from further business with them after that. I imagine all the big banks have a lot of incidents throughout the year that really #$%$ people off. I've been lucky so far, nothing like that has ever happened to me.

  • Reply to

    online brokers (OT)

    by frigator Aug 29, 2014 1:38 PM
    clrodrick clrodrick Aug 30, 2014 5:43 PM Flag

    Hey, wow, thanks for that heads up! Looks like I owe ya a pizza! I just logged in and sure enough, the link was there to upgrade. Guess I was asleep at the wheel. They don't make the link stand out very much though from the rest of the summary page when you log in though. Very sneaky, BofA.

  • Reply to

    Tax inversion?

    by goldmanpillageandsack Aug 29, 2014 11:19 AM
    clrodrick clrodrick Aug 30, 2014 5:29 PM Flag

    True, I did not consider Freeport or Newmont. Seems like both are in the position of Barrick and struggling with debt and trying to make moves to get leaner. I think if any of those make a run for Yamana, I would rather sell my shares (after the big price boost) and move on to another miner than stay and accept Freeport or Newmont shares.

  • clrodrick clrodrick Aug 30, 2014 5:23 PM Flag

    I disagree, but I guess we'll find out over the next 6 months as the current market is likely to roll over. Any sharp correction of 20% or more leaves few survivors, let alone thrivers. REITs got hammered in 2008/2009, even worse than the average stock in a lot of cases.

  • Reply to

    Tax inversion?

    by goldmanpillageandsack Aug 29, 2014 11:19 AM
    clrodrick clrodrick Aug 29, 2014 5:55 PM Flag

    You make some good points. I don't think it would take all that long to compile a list of miners who could take over Yamana, because as it Yamana is one of the largest players by market cap. Assume a bid price for take over values Yamana at a 30% premium to current price (so around 10 billion). How many can handle that much? Barrick maybe, but they are still bloated with debt and are trying to unload more properties to raise money. Doubt they would commit to the ton of dilution it would take at their current price to offer a stock deal to Yamana. GoldCorp is probably the best situated large miner that could handle a huge purchase, but they also are based in Canada so the whole inversion thing would make no sense.

  • clrodrick clrodrick Aug 29, 2014 5:48 PM Flag

    I'm not sure any rational person would hold any 3x leveraged ETF long term like that. The decay alone makes it not worth the trouble.

  • Reply to

    What about FSC dividend

    by frigator Aug 29, 2014 2:52 PM
    clrodrick clrodrick Aug 29, 2014 5:25 PM Flag

    Perhaps the market has a short memory? FSC's deficiencies are yesterday's news, and now the focus is on PSEC. Two weeks from now their issues will probably be temporarily forgotten (until next earnings), and focus will turn on another struggling BDC or similar company.

  • Reply to

    online brokers (OT)

    by frigator Aug 29, 2014 1:38 PM
    clrodrick clrodrick Aug 29, 2014 5:23 PM Flag

    Merrill give you 100 free trades a month? How did you pull that off? I just got the standard 30 free trades, and that is spread out to cover all my accounts with them. I guess 30 is okay with me, as I rarely initiate more than that. I know Merrill, E-Trade and the like all over bonuses for transferring accounts over to them. I had not heard about continuous bonuses for adding more and more money to an existing account. Sounds like a nice deal frigator.

    mr.phil2u - I've dealth with BofA several times the past 12 months to help out with various trade errors on my part and/or other questions, and each time I've never had a problem getting a person on the phone who was very helpful.

  • Reply to

    Not too late to buy some insurances

    by thewisejman Aug 29, 2014 10:21 AM
    clrodrick clrodrick Aug 29, 2014 5:18 PM Flag

    I bought more ARP today to offset selling VNR in my taxable account. For my IRA, I keep eyeing MCC hoping it can pull back some and hit my limit order but no luck there. Same with GARS.

  • Reply to

    Divvy run up?

    by bigbear.2010 Aug 29, 2014 12:26 PM
    clrodrick clrodrick Aug 29, 2014 5:04 PM Flag

    I don't know why the price is languishing here around $20, but I just made ARP my largest (by far) upstream holding today after selling VNR. Wish I had sold VNR earlier when it was pushing $33, but I decided to wait until my gains were officially classified as long term. In the meanwhile, it's been nothing but bad news there. I just can't see why VNR deserves to be trading at an 8% yield while its peers all trade over 9%, and in ARP's case over 11%!

  • Reply to

    Other safe haven stocks....

    by cthekingdom Aug 28, 2014 2:53 PM
    clrodrick clrodrick Aug 28, 2014 7:42 PM Flag

    I'd say the healthcare industry should continue to hum along even if stock market corrects. JNJ, UNH, WLP, HUM, GILD, CELG, etc.

  • Reply to

    VALE, UAN, RSO

    by schieboutz Aug 28, 2014 2:45 PM
    clrodrick clrodrick Aug 28, 2014 7:37 PM Flag

    I bought into RSO recently, but closer to $5.50. Mulling over whether I want to buy a bit more under $5.4. Not sure if it's just a Cohen thing or what as to why the market insists it trade at a significantly higher yield than its peers. I'm not sure about a dividend cut either. AFFO looks to be at either $0.19 or $0.20 the rest of the year. Cohens like to over promise, so I'm resigned to it being at $0.19 most likely, heh. Even if they do cut the dividend though, the yield would still be higher than it should.

  • Reply to

    Added PSEC

    by frigator Aug 28, 2014 9:52 AM
    clrodrick clrodrick Aug 28, 2014 7:27 PM Flag

    I see your point about being small leading to increased risk of a loan default really doing damage. But I think being small has its advantages also. I believe PSEC might finally be suffering from being so large. Bigger you are, the harder it is to grow. LINE suffers from this also, being bigger than most all the other upstream MLPs combined. At that size, you have to do some very big deals to move the needle, and if one of those big deals goes south you are really staring over a cliff. It can be very difficult to keep finding a way to grow the current dividend/distribution when you are that big. And since PSEC seems determined to keep growing the dividend (even at the glacially slow pace they are), at some point they will be staring over that cliff.

  • Reply to

    PSEC on sale!

    by trumpace Aug 28, 2014 10:52 AM
    clrodrick clrodrick Aug 28, 2014 7:11 PM Flag

    The above gets my vote for most delusional post of the day. Best in class? Really?

  • Reply to

    Short attack on nsam

    by dar200 Aug 27, 2014 8:50 PM
    clrodrick clrodrick Aug 28, 2014 7:00 PM Flag

    I was over at the wedge the other day to take in the sights (I don't surf). Holy moly, the swells were indeed as big as the forecast claimed they would be. Insane. Be careful!

  • Reply to

    Kaiser going after VNR

    by moneyonomics Aug 27, 2014 8:14 PM
    clrodrick clrodrick Aug 28, 2014 6:49 PM Flag

    I think phoenix is more right than many people realize. Spot oil price going down is more harmful to Russia than any sanction. Is it a coincidence that spec positions in the future market have been sold off at a rapid pace, thus causing the price to drop?

    Also, is it coincidence that none other than Joe Biden's son (Hunter Biden) is out of the blue named as a board member for a Ukraine's largest private gas firm? Kind of funny how the main street media has ignored this little tidbit. But put the pieces together, and it's clear that the USA and EU have plans for Ukraine and hope to turn it into the EUkraine, heh.

  • Reply to

    Comments about Kaiser.

    by w.butle Aug 28, 2014 1:38 PM
    clrodrick clrodrick Aug 28, 2014 6:46 PM Flag

    Kind of funny that Kaiser is just now causing a stir at the VNR message board. He's been needling VNR for quite some time on his twitter feed, as coochy points out from time to time. Frankly, this might be the one time that he is (a bit) on point. VNR has been a disappointment this entire year on the earnings and distribution coverage front. Why VNR still trades at a 8.5% yield while it's peers trade at a 9-11% yield is beyond me.

  • clrodrick clrodrick Aug 28, 2014 6:20 PM Flag

    If the market dumps by 20% or more, hold onto your hat, as REITs and other high yielders like MLPs and BDCs will get hammered as well.

  • Reply to

    external mgmt fees

    by run35ok Aug 27, 2014 9:37 AM
    clrodrick clrodrick Aug 28, 2014 5:25 PM Flag

    Good discussion on fees here. I agree that a lot of BDCs will inevitably blow up due to a combination of a good economy turning bad, fierce competition amongst lenders to make loans and get a good rate of return (thus better deals for borrowers than normal), and the whole external managed versus internal managed.

    I've gotten a heck of a lot more cautious recently in the BDCs I hold. I like both MAIN and HTGC (both internally managed and lowerst management fees in the industry). It is no surprise that both command such a premium to NAV. Not saying either are great buys right now, but I do believe these two will be amongst the survivors during the next credit blowup, whenever that may be.

    MCC management has given me no reason to not trust the moves they are making. I'll continue to give them the benefit of the doubt until they prove otherwise. As an example of a management team I no longer trust, take a looksie at FSC and FSFR. I think all of us need to keep a sharp eye each quarter on NII versus divident being paid out. Once I see a trend where NII starts shrinking for any reason (like with ARCC and PSEC), I get out as quick as possible.

    So I like BDCs like MCC, NMFC, TCPC, FSIC that may not be in the lowerst fee group with MAIN and HTGC, but they all sport a current NII that exceeds the dividend. I don't think any BDC can really be a long term holding, as things can change very quickly. That is why it definitely pays off to pay attention to each earnings and keep a close eye on NII.

    Seeking Alpha is like Motley Fool. A lot of worthless blogs/content that seem self serving, but they also have a handful of authors that offer a nice service. BDC BUZZ is one of the good guys in my opinion.

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