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Star Bulk Carriers Corp. Message Board

houtech0829 115 posts  |  Last Activity: Jul 24, 2014 4:50 PM Member since: Dec 23, 2009
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  • Reply to

    Cornerstone Funds are being manipulated

    by manorchurch Jul 24, 2014 11:04 AM
    houtech0829 houtech0829 Jul 24, 2014 4:50 PM Flag

    Assuming your suspicions are correct……then my first thought would be the MM is intentionally doing it for personal gain…..to #$%$ investors and shake out the weak hands at a cheap price…..before letting it go up for profit…..which easy to say but difficult to prove……what do you think the reason is?

    EOM

  • Reply to

    Cornerstone Funds are being manipulated

    by manorchurch Jul 24, 2014 11:04 AM
    houtech0829 houtech0829 Jul 24, 2014 3:49 PM Flag

    It seems that way looking at the past couple of months…not sure the reason…..but historically speaking these funds can be unpredictable at times…..and since they’re essentially trading sideways……it kinda reminds me of a bond or bond type fund…..where the goal is to capture its yield…so that’s the way I’m treating them…and any price appreciation I may get…..is just the icing on the cake.
    Looking at the past history of these funds……it doesn’t seem logical to believe they’ll continue trading at the bottom indefinitely…..so don’t be surprised when they suddenly start to climb.

    EOM

  • Reply to

    Dividend August 13th

    by catloraine Jul 22, 2014 2:28 PM
    houtech0829 houtech0829 Jul 24, 2014 9:17 AM Flag

    Yeah, I seem to recall having to reclaim it each year…….with some of the Canroys I had before the market crash……and PGH was one of them…..those Canroys were great cash cows back then…..with yields of 16-24%.....that would rival these cornerstone funds…..it’s a shame how it turned out for them.

    EOM

  • Reply to

    Dividend August 13th

    by catloraine Jul 22, 2014 2:28 PM
    houtech0829 houtech0829 Jul 22, 2014 8:41 PM Flag

    Thanks for the info Cat…..since they’re based in Canada…..how are the divvys treated……do they tax the divvy for US investors before paying?

    EOM

  • Reply to

    why should I buy

    by alumilli Jul 18, 2014 7:09 PM
    houtech0829 houtech0829 Jul 21, 2014 10:54 PM Flag

    Hey Swamp, based on current NAV for CRF @ $4.95…..NAV just needs to increase 3 cent at the end of Oct, to maintain the current divvy next year…..and for sister CLM with current NAV @ $5.54 it’s an increase of 6 cents above NAV #$%$48…..so a possible increase in divvy next year…..and for CFP current NAV @ $4.35…..NAV needs to increase 7 cents to $4.42 to maintain the current divvy next year……and with about 3 months to go anything is possible.....like a market rally by the end of Oct. for example.

    EOM

  • Reply to

    why should I buy

    by alumilli Jul 18, 2014 7:09 PM
    houtech0829 houtech0829 Jul 21, 2014 9:54 AM Flag

    Are you really that stupid Petar???......go back to school and learn the meaning of BASHING……just look at all your comments on this MB…….and you have no skin in this game……so you have no excuse for being here …….time to move on FOOL…...go find another MB to BASH TROLL.

    EOM

  • Reply to

    why should I buy

    by alumilli Jul 18, 2014 7:09 PM
    houtech0829 houtech0829 Jul 20, 2014 1:04 PM Flag

    So your just a basher troll here Petar…..is that right?…..before you start criticizing others…..perhaps you should look in the mirror first….. because your grammar hasn’t been perfect either…..and since CFP is a terrible investment…..how could such an expert investor like yourself make the mistake of buying it in the first place?......apparently it is YOU that needs to learn how to invest!

    EOM

  • Reply to

    why should I buy

    by alumilli Jul 18, 2014 7:09 PM
    houtech0829 houtech0829 Jul 20, 2014 12:13 AM Flag

    Well it’s my fault Nokker…..I misread his comment…and should have reread it instead of assuming…..I know Petar is frustrated with the share price movement here……so I’ll cut him some slack…..but then if I wasn’t happy about an investment…..I wouldn’t complain about it……I’d just pull the trigger and move on to the next one.

    EOM

  • Reply to

    why should I buy

    by alumilli Jul 18, 2014 7:09 PM
    houtech0829 houtech0829 Jul 19, 2014 10:08 PM Flag

    Ok Petar, I missed your pro rated comment…..no need to get sarcastic about it…..and if that’s what you think about CFP…….why don’t you just sell and move on?

    EOM

  • Reply to

    why should I buy

    by alumilli Jul 18, 2014 7:09 PM
    houtech0829 houtech0829 Jul 19, 2014 8:00 PM Flag

    I think you need a new calculator Petar……3 months of divvys for CFP @ .0773 = .2319 not 1.10…and how do you know what MORL divvy will be each month……it appears to be all over the map each month…..and contingent on what their holdings pay and when…..it seems to me to be a better speculative play around the divvy.....using the potential cumulative 22% yield as bait…..that would be my strategy for buying it…..cause it’s just too risky for a buy and hold for the divvy into next year…..assuming interest rates stay low this year…..and with a 2x……look out…twice the risk/reward……at least CFP is not interest rate sensitive…and I know what the divvy will be each month for the year

    EOM

  • Reply to

    why should I buy

    by alumilli Jul 18, 2014 7:09 PM
    houtech0829 houtech0829 Jul 19, 2014 2:11 PM Flag

    Perhaps you should buy a calculator instead……why would you pay $22 for an estimated 8 cent divvy next month……when you can get about the same divvy for $4.61???

    EOM

  • Reply to

    5 Year chart

    by jackomusic2 Jul 14, 2014 10:45 AM
    houtech0829 houtech0829 Jul 18, 2014 12:33 PM Flag

    Thanks Roberts, sorry for the delay……been very busy lately with local investment ventures here……don’t know that I’d use the word “safe” when referring to investing in the market……perhaps less risky would be a better term to use……anyway I’m not concerned with the profit from these funds……as some years are more profitable than other years……and I don’t really need the money now……funny that you mention REIT type stocks……as I have taken a more direct approach to Real Estate since the market crash…and joined some local investors…..in both residential and commercial development…..which is bearing huge profits now…..much more than any stock investment could…..GL2U2.

    EOM

  • Reply to

    ADIOS FOR NOW!

    by jdrmonte Jul 15, 2014 4:13 PM
    houtech0829 houtech0829 Jul 18, 2014 10:33 AM Flag

    Hey JD, why adios?......just because you sold out…..doesn’t mean you can’t post here……just remember to stay away from the pot stocks lol………Good Luck.

    EOM

  • Reply to

    5 Year chart

    by jackomusic2 Jul 14, 2014 10:45 AM
    houtech0829 houtech0829 Jul 14, 2014 2:50 PM Flag

    Well Jack….we’ve seen this before last year…..I seem to recall it taking at least a couple of months following the RO……before the share price gained any significant traction…..I’m sitting on a ton of RO shares @$4.61…..and after 2 divvys…..I ‘m ahead about 12 cents or 3.37% at current share price.....and as always the share price will puff up again before the next RO…so I plan to start unwinding my position around march.

    EOM

  • As of 7-11-14 CFP NAV = $4.33 down 9 cents or 2.04%

    CLM NAV = $5.50 down 13 cents or 2.31%

    CRF NAV = $4.91 down 12 cents or 2.39%

    Most of the decline is due to the divvy…..while some of it is due to the market.

    EOM

  • Reply to

    Short interest

    by nokker1 Jul 11, 2014 9:56 AM
    houtech0829 houtech0829 Jul 11, 2014 7:35 PM Flag

    Thanks for the info Nokker……shorts know they can’t make money here until the share price rises enough to make it worthwhile……also we made a new low today @$4.56…..looks like some folks will have to be content with the divvy for now.

    EOM

  • Reply to

    CLM Upward Swing

    by catloraine Jul 7, 2014 4:31 PM
    houtech0829 houtech0829 Jul 10, 2014 9:26 PM Flag

    I’d be careful of ARR Cat…..their BV has eroded since inception…..and over the past couple of years 36%…..along with the divvy cuts and share price decline……and until management can prove it can stop the bleeding of BV…...i’ll stay away.

    EOM

  • Reply to

    CFP @4.75 After Hours

    by mr.phil2u Jul 9, 2014 8:51 PM
    houtech0829 houtech0829 Jul 10, 2014 2:00 PM Flag

    Hi Mr. Phil…..perhaps someone with a day job that wants the divvy…… a 19% divvy is not bad……and the difference in price can be made up with a few divvys…….pre-market and after-market share prices are often skewed due to the lack of available shares.

    EOM

  • Reply to

    NAV Increasing above current divvy

    by houtech0829 Jun 7, 2014 4:22 PM
    houtech0829 houtech0829 Jul 5, 2014 2:35 PM Flag

    As of 7-3-14 NAV =$5.63 up 3 cents from $5.60.

    EOM

  • Reply to

    NAV as of 7/3/2014

    by nokker1 Jul 3, 2014 3:24 PM
    houtech0829 houtech0829 Jul 5, 2014 1:48 PM Flag

    Nokker, the answer for difference in NAV between funds can be easily found by looking at portfolio holdings……according to CEFConnect…….CFP 86.20% investment funds…..CLM 60.70% equity……CRF 85.64% equity…..notice the difference…as I said before most CEF’s have low beta…..stocks are more volatile.

    EOM

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