Empire District Electric Co. Message Board

dar200 269 posts  |  Last Activity: May 22, 2013 3:38 PM Member since: Nov 16, 1998
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  • Reply to

    Healthcare off the ground

    by dar200 May 22, 2013 3:20 PM
    dar200 dar200 May 22, 2013 3:38 PM Flag

    At least my facts are correct. You started here saying recent insider sales totaled 1.7 million when the fact from nasdaq is a net sell of less than 25,000 shares. All here now know you for a liar short. Thus, you get the iggy button.

  • 400,000 from public into Healthcare. This will ramp much faster than Income1 because dealer network built in selling Income 1. Just sign new papers with same people for Healthcare. From prospectus supplement.

    "As of May 13, 2013, we received and accepted subscriptions in our primary offering for 0.3 million shares, or $2.4 million, including 0.2 million shares, or $2.0 million, sold to NorthStar Realty Finance Corp.,"

  • dar200 by dar200 May 22, 2013 3:10 PM Flag

    BOD released remainder of drip shares to public offering. Total to be raised, including drips, now 1.1 B, up from 1 B. From prospectus supplement:

    "As of May 13, 2013, we raised total gross proceeds of $928.1 million, including capital raised in
    connection with our merger with NorthStar Income Opportunity REIT I, Inc.
    As of May 13, 2013, we received and accepted subscriptions in our offering for an aggregate of
    90.4 million shares, or $900.0 million, including 0.5 million shares or $4.6 million sold to NorthStar
    Realty Finance Corp.,"

    This might sell out before the end of June.

  • dar200 dar200 May 21, 2013 9:03 PM Flag

    Hey, slick liar. Schwartz is qualified to be your remedial reading comprehension tutor.

  • dar200 dar200 May 21, 2013 5:13 PM Flag

    Yes, abject stupidity gets me worked up real fast. What happened to your opening subject line.......the 1.7 million insider sales recently sold? How did 1.7 million become nearly 1,000,000? Did you look at non-open market buys? Do you know what these are? Do they coincide with sells?

    Yeah, now we get to the punchline......everything (undefined) pointing to a notable near-term retracement......
    A classic wh0re short message......distort the facts and hope nobody notices the distortion, then make your dire prediction. You may not be as stupid as your posts indicate once your motive is exposed.

  • dar200 dar200 May 21, 2013 3:44 PM Flag

    Yeah, Butcher didn't buy in the open market. Morbid stupidity is defined as a level of brain energy so low it just about keeps the vital organs functioning. There is no energy left over for intellectual activity. I suggest you call your broker to sell nrf for you since you cannot distinguise a non-open market buy nor can you subtract buys from sells. Remedial reading comprehension and 3rd grade math is prescribed.

  • Between the 12/31/12 reports and the 3/31/13 reports, tutes increased their ownership of nrf by over 54 million shares. Yeah, nrf issued 34.5 million with its secondary, but the net is the tutes took about 20 million out of the retail float.

    At 12/31/12 tutes owned 58%. At 3/31 it was just over 75%. Huge pct move, as the tutes figured it out.....late, but they got it.

    Good info at nasdaq site. It even has insider transactions. Recent buys and sells add up to 1.7 million, but ding #$%$ can't subtract buys from sells to get a net insider sell of less than 25,000 shares. DUH!! It's called reading comprehension.

  • dar200 dar200 May 21, 2013 10:21 AM Flag

    Trying to convince someone who can't do 3rd grade math is a waste of time.
    You list the names and number of shares sold that add up to 1.7 million and I'll reconsider whether you are too stupid to understand.

  • Reply to

    Calling all DRIP investors

    by dar200 May 17, 2013 5:18 AM
    dar200 dar200 May 20, 2013 3:59 PM Flag

    Ameritrade posted at 3:07pm today. Cost = 9.5314. Ameritrade buys drip shares the first business day after the pay date.

  • There are 3 public manufactured housing companies that I am aware of.

    SUI is my favorite and is now the second largest position in my portfolio, passing SCCO with price increases.
    It is pure manufactured housing.....renting house lots. Ancillary activities are renting houses on their lots and selling manufactured houses on their lots. House rentals and sales are merely feeders to renting lots.
    It has a market cap of 2.1 billion and it's current yield is 4.49%.

    ELS is the same as SUI but bigger....market cap of 3.5B and a current yield of 2.36%.

    UMH is tiny and not pure mfg housing because it buys and sells real estate securities. Market cap is 202 million and current yield is 6.44%.

    NRF's recent mfg housing purchases total about 1.2 B, more than half the market cap of SUI with two buys.

    It will take a while for the market to see mfg housing cash flows in the rear view mirror, which is what a lazy, slow market does. Same goes with management fees which are like an annuity. When it does realize the magnitude of NRF's transformation into much more of an equity reit, the yield will go down as the price and dividend go up. The patient will be well-rewarded, imo.

  • Reply to

    Calling all DRIP investors

    by dar200 May 15, 2013 10:20 AM
    dar200 dar200 May 18, 2013 10:28 AM Flag

    This shows the drip administrator released the discount drip units. All brokers get the drip units electronically at the same time, so now we get to see how efficient each broker is.

  • Reply to

    Calling all DRIP investors

    by dar200 May 17, 2013 5:18 AM
    dar200 dar200 May 18, 2013 10:24 AM Flag

    Nobody else drips NRF at brokers other than fidelity?

    Schwab, Vanguard and others buy on the pay date, so those shares should be posted by now.

    Ameritrade won't buy until Monday and should be posted by late Monday.

    This poll only works to show readers how different brokers drip if enough different brokers are reported on.

  • Director Hannaway sold 33,000 shares on 5/15 for 9.7087. Still has over 26,000 plus over 20,000 compensation units.

    I can't tell if these are compensation units from the Form 4.

    Despite my understanding that there are many reasons to sell, especially freebie compensation shares, I'm beginning to feel wary of this concentrated selling. Butcher's open market buy speaks more loudly than selling freebies, but I'm starting to look negatively on three insiders selling in a short period of time.

  • Reply to

    may presentation

    by mtwolfguy May 17, 2013 11:34 AM
    dar200 dar200 May 17, 2013 2:26 PM Flag

    After the failed Opportunity Fund (which was merged into Income 1) and the very slow start selling Income 1 while building the dealer network, the fact that Income 1 is almost sold out proves they can do it. Healthcare just started selling but I expect a much faster ramp because the dealer network is already in place. Just sign new papers to peddle Healthcare. They are expecting 40 million in management fees this year.

    Not only is it annuity income, it takes very little NRF equity. They put 2 million into Healthcare to break escrow.
    Even if they eventually put 30 million in, collecting 30 million in fees on a 1 billion fund is 100% of tied up capital per year.

    I can sit back and collect my penny per quarter increase until a very slow market figures out NRF has fundamentally changed from it's pre-crisis business model.

  • Reply to

    Takes my breath away

    by dar200 May 17, 2013 9:38 AM
    dar200 dar200 May 17, 2013 12:49 PM Flag

    Not that it's any of your business, but I have two position limits: I generally will not add to a position (except to flip) if the addition brings the value of the position to more than 5% of my portfolio. If a position grows to more than 10% of my portfolio, I consider trimming the excess over 10% if I have reasonable alternatives with the after tax proceeds.

    The trim consideration includes my weighing the likelihood of an overnight catastrophic event causing a huge decrease in price immediately. I'm much more likely to trim, say, SCCO where a well-placed earthquake in either Mexico or Peru could stop about 50% of copper production for an extended period of time than trim SUI with such a "glacier" revenue base.

    Also, it's obvious the market values a more conservative balance sheet over higher leverage to increase the distribution. The last two common SPOs have been followed by substantial price increases.

    SUI is an asset class like no other in my portfolio with a stability of cash flow like no other. JPM is increasing their dividend by over 26%, NEE was 10%, PM and MO, GE, PFE, ABBV etc, etc will also increase. I'm not worried about my dividends not increasing by at least inflation.

    Your condescending post did not tell me anything I did not already know.

  • Reply to

    The "takedown" that wasn't

    by rube_go1dberg May 17, 2013 9:18 AM
    dar200 dar200 May 17, 2013 9:43 AM Flag

    Well, 9.40 is 93% of 10.11 (ex-div 10.30). I'd consider 7% a pretty good takedown when the only change in fundamentals is insider sales of compensation shares somewhat offset by Butcher's open market buy.

  • But I love it.

    Actually it's just a psycological boost as I have no intention of selling or buying (except to flip) since I am at position limit and am in it for a safe annuity, not stock price.

  • Reply to

    ETP vs KMP total return since 1/7/13

    by dar200 May 15, 2013 10:13 AM
    dar200 dar200 May 17, 2013 5:51 AM Flag

    Naw, I want the additional tax basis.

  • Fidelity has posted the drip shares it bought last Tuesday. I paid 9.4895 per drip share. No question Fildelity bought in the morning.

    Please post to this thread the name of your broker and the price you paid to drip this dividend, to 4 decimal places.

  • It wasn't the retails that traded 5.5 million shares today or the over 11 million Tuesday. The big boys & girls are at work here.

    I bought Tuesday's same-day flip lot back at 9.41, hoping 9.40 would be the low as it was Tuesday. It was.
    If 9.40 is new hard support, a flip buy in the low 9.40s is likely to be profitable, especially if the giants are nearly finished. A more conservative flip buy, imo, is in the upper 9.40s on low volume.

EDE
22.29-0.06(-0.27%)May 24 4:03 PMEDT