I know exactly what MORL is, its an Exchange Traded Note(s) wherein its value is based against a pool of 24 mREITS leverage 2x the value of these mREITS.
Typically mREITS sell at a discount to their NAV (book) similarly MORL usually sells at a discount to its NAV, not so just recently its been selling in exceess of its NAV signaling strong confidence ergo demand of the investors buying it.
I have to apologize, I am terrible with names I almost gave the credit to Davis Folger and not to the Davis that deserves it, that's Dr. Davis Foulger
Dr. Folgers you must have been away composing your new paper " Models of the Financial Loss Process" similar to your previous paper "Models of the Communication Process" but this one centers on the persuading tactics used to make investors believe that no matter how dismal the numbers look for RAS its still a good buy
Still trading at a discount from its NAV of $13.00. If the FOMC. comes out with a passive statement on interest rates tomorrow (which I assume they will do) you'll see fixed interest products like MORL rise
So persistent buying even when. RAS keeps diving downwards has reduced your PPS to a minus? LoL
So that's how the numbers work. Your almost almost as good as your big brother Davis ! (or Davis the Great as he likes to think of himself), ar making sensless remarks sound positive.
How does that work? I thought when a company as desperate as RAS puts in effect a REVERCE SPLIT, which it did a couple of years ago YOU WIND UP WITH LESS SHARES!
Davis have you ever thought of the money people have lost listening to you? that alone should give you pause to be retrospective and a touch of humility
I haven't seen many posts from the original Davis, I think you've drove some humility into him Davis II, good job.
All of the mREITs in MORL's portfolio are up today so its book value must also be up and typically MORL PPS follows its book
He initially spells out the attributes of MORL and ends with: "An investment of $100,000 would be worth $274,810 in five years. More interestingly, for those investing for future income, the income from the initial $100,000 would increase from the $22,400 initial annual rate to $61,557 annually."
Last big qtr., January '16, 1000M plus shares were traded on disbursement date and day after, they'll be a lot of re-investment of divi transactions on 4-20-16 and the day after also, IMO it would be wise to buy in earlier
With interest rates back near all-time lows, Bill Gross recently told Barron's that investors should consider borrowing to boost returns.
In a near-zero interest rate world, Bill Gross is spot on about the benefits of borrowing. There seems to be a general consensus that stock returns will be meager for some time, and 10-year bonds are yielding a paltry 1.7%. If you inject a bit of cheap leverage to the equation, though, you can quickly turn a measly return into a far more attractive one.
Davis II you're a riot you ease some of the pain I still suffer from whenever I think about the losses I had with this POS while being reassured by Davis I and his buddy Yankeeboy4748