Thu, Mar 5, 2015, 2:44 PM EST - U.S. Markets close in 1 hr 16 mins

Recent

% | $
Quotes you view appear here for quick access.

Sun Communities Inc. Message Board

dar200 245 posts  |  Last Activity: 17 minutes ago Member since: Nov 16, 1998
SortNewest  |  Oldest  |  Highest Rated Expand all messages
  • Reply to

    Mr Dar one question please

    by lipkalr 2 hours 52 minutes ago

    You have more patience than I, david.

  • 18.45 + 24.63 = 43.08....and this is on ex div day.

    NRF 1.60 / 18.45 = 8.67%, a table-pounder for yield investors.

    IMO, market still does not understand nsam's growth potential. Needs some spoonfeeding and another few quarters of rear view mirror.

  • Reply to

    Mr Dar one question please

    by lipkalr 2 hours 52 minutes ago
    dar200 dar200 2 hours 39 minutes ago Flag

    Read the post I responded to as many times as you have to in order to comprehend what my reply really said.
    I am not a comprehension teacher. No, I won't be gentle. If you can't understand the English language and the context it is written, that's not my problem.

  • Reply to

    Down a dollar (con't)

    by lunco 3 hours ago
    dar200 dar200 2 hours 44 minutes ago Flag

    Right on the mark, lunco, but you wasted a lot of time and typing for a jerk like wrongtillthe30th. No amount of reason, logic and sound investing reasoning can pierce that veil of ignorance.

    You responded to morbid stupidity (which is defined as a brain energy so low it just about keeps the vital organs functioning.....there is nothing left over for even minimal intellectual activity). I suggest you not waste your time on posters like this.

  • Reply to

    FBR analyst revision

    by jdaugs3 Mar 4, 2015 9:40 AM
    dar200 dar200 2 hours 55 minutes ago Flag

    Hamo has all the money he needs. That doesn't stop him from doing accretive or strategic deals. Same with Fisher. If they can find a win-win deal between them, they will do it without blinking an eye.

  • Reply to

    NSAM March 22.50 calls

    by dar200 3 hours ago

    Just bought to cover at 24.5308 for 2,580 for dinners. Can't resist a bit better than 1% in less than 45 minutes.

    Roll me over, turn me over and do it again. Gladly, just as many times as the market lets me. I expect presentation slides out this week and resulting price over 25. In any event, I have until March 20 to take my profit on the calls.

  • Reply to

    NSAM March 22.50 calls

    by dar200 3 hours ago

    Fidelity was showing 10 million when I placed the order, down from over 12 million a few days ago before DB had to borrow 40 million. Wait till next short interest report. NSAM may make the biggest percentage increase list in WSJ.

  • Just sold 10,000 nsam short, netting 24.789 (say 24.79) guaranteeing a minimum profit of 2.29 per share when the bid on the call was 1.95. If you are holding these calls, you don't have to get screwed by the market makers' spreads. Just sell short at the price you want then exercise the call to cover the short position.

    The only thing you give up is a price in excess of your short sale price before the call expires March 20.

    If nsam goes down enough, I'll buy to take the short profit and do it over and over again before the call expires if the volatility lets me.

  • Reply to

    Playing the offering flip

    by dar200 Mar 2, 2015 11:50 AM

    Just sold this 4,000 for 24.4276......4142 profit plus 400 dividend = 4.85% in 3 days. Pretty good flip, imo.

  • Reply to

    Down a dollar

    by longtillthe30th 5 hours ago

    Poor baby, crying because the nipple is not at your lips 24/7.

    Get lost. You are too stupid to own NRF.

  • Reply to

    FBR analyst revision

    by jdaugs3 Mar 4, 2015 9:40 AM

    As soon as nsam announced a minority interest in Island Hospitality, I knew they would someday own it all.
    If nrf is going to continue to build the hotel business, I think cldt is inevetible with nsam buying the balance of Island. It's just a matter of making the numbers work because I think a lot of cldt shareholders (especially the bigshots) would like to have a stock for stock tax deferred merger.

    Problem is Hamo's cost of capital is too high (nrf's price too low). He will not do a dilutive deal and cldt will not accept a deal without a premium. Thus, the numbers just don't work now.

  • Yup, your calculation has to subtract taxes to determine how much you have left to buy common. Then again, there is practically no upside to preferred from here. Inflation WILL erode your fixed principal and fixed income.

    Had you bit the tax bullet in April, 2012 when I suggested selling preferred to buy common, just think how much wealthier you would be now. Yeah, there is much less upside to common now than in April, 2012, but that is better than next to no upside to today's preferred.

  • I just have to add. There is a proper place for preferreds and bonds in the portfolios of the right people. Very broadly (and general rules have exceptions), anybody in retirement whose current income (soc sec, pensions, dividends) does not comfortably exceed (by at least 25%) normal retirement spending should own some cash, bonds and preferreds to avoid being forced to sell equities in down markets (like Feb, 2009). You trade a guaranteed inflation loss to avoid a monster loss being forced to sell equity at the bottom of a down market.

    My retirement income exceeds normal spending by more than two private pay nursing homes. It is highly unlikely I or my widow will ever be forced to invade principal. I am investing for my children and grandchildren. My time horizon is infinite. That's why there is no place in my portfolio for guaranteed losses to inflation

  • microwishin

    You are going to wait a long long time for specific investment advice from me. I don't give it to anybody I don't know everything there is to know about them. Too many variables.
    Different strokes for different folks. What may be the best advice for Able may be the worst advice for Baker.

  • BTW, once upon a time I bought a bunch of preferred A at weighted average cost of about 6.99. My yield on cost was 31.25%. I sold all of them for a little better than 21, a bit more than a triple after nrf bought the cse cdo to use cr@p gaap to cover up their slow liquidation.

    Don't think preferreds are immune from market declines for reasons other than interest rates.

  • You don't want to lose the principal amount so you buy a guaranteed loss of principal to inflation? With real inflation (not the fed inflation) at 2.5% compounded annually for 7 years, you've lost about 18% of your purchasing power on the principal. If called at 25 in 7 years, you get 18.00 (72%) in today's purchasing power.

    That IS a guaranteed loss of principal.

  • Reply to

    FBR analyst revision

    by jdaugs3 Mar 4, 2015 9:40 AM

    Actually with the hotels, since the contracts were signed:
    1. Market cap rates have come down which means the same noi is more valuable.
    2. NOI has increased which at the same cap rate is more valuable.

    So now the income is up and the cap rate is down. Put these together on 3 billion and the gain is a lot more than you might think.

  • I don't play those 1 to 10 games. NSAM is, by far, the largest position in my portfolio. NRF is a close second.
    Each of these is more than double the next largest, SUI which is close to 4th, ETP. Others would say I hold too much SUI and ETP. That give you a hint on how I feel about nrf/nsam?

  • They said at citi conference nontradeds would have first dibs on new loans. Income 2 just reported making a 42 million loan to a hotel. NRF could have made that loan but they acted as a feeder to Income 2.

    Mortgage business will not be spun off unless and until Hamo ready to build it up again, which he won't as long as he has nontraded vehicles to feed.

  • Reply to

    FBR analyst revision

    by jdaugs3 Mar 4, 2015 9:40 AM

    I suggest waiting for the prospectus. But the fundamental reason for the spinoff is they expect NRE cad to trade at a substantially higher multiple standing alone than if that same cad were inside nrf.

SUI
67.30+0.26(+0.39%)2:42 PMEST

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.