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BCE Inc. Message Board

jerseyvinny2 70 posts  |  Last Activity: Feb 28, 2015 8:32 AM Member since: Jun 25, 2004
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  • Reply to


    by keebon Feb 27, 2015 12:31 PM
    jerseyvinny2 jerseyvinny2 Feb 28, 2015 8:32 AM Flag

    I find it really, really difficult to believe any upstream oil producer would not be profoundly impacted when the market price of their commodity has halved unless they have hedges in place for the full year, a possibility I guess. Still, I'm skeptical.

  • Reply to


    by staggman99 Feb 26, 2015 1:10 PM
    jerseyvinny2 jerseyvinny2 Feb 27, 2015 7:17 AM Flag

    Count me among the people who dumped NEWM way too soon. Didn't want to be in that business but when they hedged on the first dividend, that sent me running. Something about coming out of bankruptcy that doesn't build confidence.

  • Reply to

    O/T...bought KCAP today....14% yield

    by rbgambler99 Feb 24, 2015 1:10 PM
    jerseyvinny2 jerseyvinny2 Feb 26, 2015 9:14 AM Flag

    Palestone, That was probably me who said I used FGB, a closed end fund of BDCs, because I didn't understand the individual BDCs. All my BDC holdings are in FGB with a smaller stake in MAIN. It is difficult to get a feel for what they own because they're mostly (totally?) involved with smaller privately owned companies so even if you knew who they were, you couldn't research them. As for Bob's ARCC, I noticed ARCC is FGB's largest holding.

  • Reply to

    NYMT out with a very good

    by bobdbeck Feb 24, 2015 5:12 PM
    jerseyvinny2 jerseyvinny2 Feb 25, 2015 4:03 PM Flag

    DH, My wife drives a 6 cylinder Accord which impresses me more than it does her. Damn thing is fast! Enjoy Italy.
    I'm approaching my usual condition of being totally invested with no dry powder. I wanted to add to my small position in WFC but didn't have enough cash on hand so I bought the May 55 calls instead with the intention of activating them to purchase the stock before then. Isn't that what calls are for?

  • Reply to

    NYMT out with a very good

    by bobdbeck Feb 24, 2015 5:12 PM
    jerseyvinny2 jerseyvinny2 Feb 24, 2015 7:41 PM Flag

    So then why was NYMT down 2% today? Was it 'buy on the rumor, sell on the news' or something Janet Yellin said? ALL my REITs were down today. Seems like a response to anticipated interest rate hikes. I think interest rate hikes will be very muted. Can you imagine the response of the economy to any meaningful increase in rates? Can you imagine the government scrambling to finance our national debt at higher rates?

  • Reply to

    NYMT out with a very good

    by bobdbeck Feb 24, 2015 5:12 PM
    jerseyvinny2 jerseyvinny2 Feb 24, 2015 6:47 PM Flag

    What are re-performing mortgage loans?

  • Reply to

    Stock Offering

    by ogletree.daniel Feb 24, 2015 8:07 AM
    jerseyvinny2 jerseyvinny2 Feb 24, 2015 8:36 AM Flag

    I do not share your wish for additional shares to fund the HLSS purchase as I'm already past my limit for an individual company. Will only buy more if the price drops enough to bring my NRZ holding to less than 3% of my portfolio. Also, as an ex HLSS stockholder, I'm not thrilled to be reconnected to Ocwen whose regulatory problems caused large swings in both OCN and HLSS stock prices.

  • Reply to

    NRZ buying HLSS

    by rmnew2fl Feb 23, 2015 8:02 AM
    jerseyvinny2 jerseyvinny2 Feb 23, 2015 8:39 AM Flag

    I hope this doesn't tie NRZ to OCN's regulatory misadventures. I sold my HLSS back in December to avoid the stock being whipsawed by OCN's problems.

  • jerseyvinny2 by jerseyvinny2 Feb 21, 2015 8:55 AM Flag

    Does anyone else own this? (I think Bob does). I guess the lower guidance for 2015 really freaked out investors. The lower guidance bothers me more than them missing some analysts' estimates. I'm late to the party but still 15% ahead so as long as I'm playing with the house's money, I think I'll be patient and give them a chance to fine tune their business model. I like the thought of REITs which go off in all directions and this one is certainly different (record maintenance and storage).

  • Reply to

    Funny day

    by jkprice Feb 18, 2015 12:14 PM
    jerseyvinny2 jerseyvinny2 Feb 20, 2015 10:18 AM Flag

    Syzgyzys, I don't consider mREITs in the same class as old time financials because of the extra leverage they use. The more leverage, the more damage done when something goes wrong. (And eventually something always does go wrong) I only hold one position in NYMT which is on a short leash. For juiced-up financial results, I use BDCs (MAIN, FGB) which have their own set of drawbacks (opacity of holdings and lower rated clients) but somehow I find easier to tolerate. Right now I'm trying to build up my position in 'classical' banks with holdings like PBCT and WFC. I'll expand my WFC if the market corrects due to something like Greece or the prospect of an Israeli-Iran conflict which is the elephant in the room that nobody wants to talk about. The world seems to have given eastern Ukraine to Putin so I don't see that as a black swan.

  • Reply to


    by mudrackers Feb 18, 2015 1:46 PM
    jerseyvinny2 jerseyvinny2 Feb 20, 2015 8:04 AM Flag

    Ed, re MIC : That's the kind of long term investment I look for. A wide moat company making a decent profit paying a decent but not spectacular dividend. Even a blind squirrel finds a nut occasionally. Now if only the BDCs would perk up as most of my financials are BDCs. I susupect the BDC malaise has something to do with money lent to lower tier E&P oil producers now fighting for their survival.

  • Reply to


    by mudrackers Feb 18, 2015 1:46 PM
    jerseyvinny2 jerseyvinny2 Feb 18, 2015 7:26 PM Flag

    I've held ARLP since 2003 with an original cost basis of $5.90. It illustrates two of the strange idiosyncrasies of partnerships. 1. My official cost basis for tax purposes is 0 since 'return of capital' distributions over the years have eaten up all the $5.90 purchase price so if I sell, ALL proceeds are considered capital gain. 2. All future 'return of capital' payments need to be declared as capital gain for tax purposes. And then there's those K-1 forms. Would I do it again? Probably

  • Reply to


    by keebon Feb 10, 2015 12:48 PM
    jerseyvinny2 jerseyvinny2 Feb 10, 2015 8:07 PM Flag

    Keebon, I mentioned before that WFC was Warren Buffet's major big bank holding. The other one is USB. So I guess you're in good company. I'm holding a s**t load of bank preferreds in my fixed income account from a half dozen or so banks. I figure if they came through the 2008 debacle with the preferred dividends intact, then preferreds were pretty safe going forward. They were all on sale about a year ago and have worked out much better than any of my floating rate security holdings.

  • jerseyvinny2 jerseyvinny2 Feb 10, 2015 4:04 PM Flag

    I just don't have the stomach for these boom/bust cycles in the shipping industry any longer. Currently, my only exposure to shipping is a small position in TAL which owns the shipping containers and leases them to customers. Even that is on a short leash.

  • jerseyvinny2 jerseyvinny2 Feb 10, 2015 2:05 PM Flag

    Sarge, I don't follow GILD but I've owned KMB for a few years now. It has shown me a nice capital appreciation as well as a decent (but not generous) yield. Having global exposure means a slowdown if either foreign or domestic markets are off (this time it's Europe) as well as problems if the dollar appreciates vs other currencies. So the KMB is doing what can be expected under these conditions. As I've said before, If you don't own something that's underperforming, then you're not diversified. I just try to avoid anything where the business model is broken like dry bulk.

  • jerseyvinny2 jerseyvinny2 Feb 9, 2015 8:57 PM Flag

    I'm slowly trying to reconstitute the position I had in big banks before I sold them in 2008. Started a small position in WFC. I liked the chart, the P/E, and while the yield is disappointing, it only represents about 1/3 of earnings so there's room for improvement. And last but not least, it's one of Warren Buffet's big bank holdings.
    I also hold some PBCT which is a different animal as yield represents about 80% of earnings and a wishy washy chart. I guess I was just mesmerized by the relatively high yield.

  • Reply to


    by mr_space_man1951 Feb 9, 2015 11:30 AM
    jerseyvinny2 jerseyvinny2 Feb 9, 2015 2:08 PM Flag

    I've owned APU since June, 2014 and am very happy with it. I was looking for a high yielding utility-like stock and was impressed enough by their franchise to violate my " no more partnerships" rule.

  • Reply to


    by freemycash Feb 9, 2015 9:52 AM
    jerseyvinny2 jerseyvinny2 Feb 9, 2015 10:36 AM Flag

    1. Discussions about SFL are encouraged. Some of us actually own it. (Not me)
    2. As everyone here owns various dividend producing equities, you'll find interesting and enlightening discussions.
    3. In contrast to many other (most?) message boards, discussions here are civil without the name calling and insults seen elsewhere.

  • Reply to


    by staggman99 Jan 31, 2015 9:24 AM
    jerseyvinny2 jerseyvinny2 Feb 2, 2015 7:53 PM Flag

    Bob, When we were in Durango, Colorado, I periodically had to stop and catch my breath while walking. Was starting to get concerned but then realized we were at 6000 feet. Also did a few inches of very heavy slush today which kept clogging the blower. I'm ready for spring. On the stock front: has anyone been looking at GM? It keeps popping up in various newsletters and I had never considered it before for many obvious reasons. I've been diversifying away from energy. Have gone from about 33% to 20% and feel comfortable at that level.

  • Reply to

    Did I miss something about SFL?

    by golob.chad Jan 28, 2015 2:32 PM
    jerseyvinny2 jerseyvinny2 Jan 31, 2015 9:41 AM Flag

    Ah, the Oldsmobile diesel. G.M. engineering at its worst. Two members of my family owned them. G.M. took a gasoline engine and converted it fo diesel use when diesel engines needed to be designed from the ground up due to higher stress levels. Such blunders inflicted on the American people are the reason so many of us drive foreign cars. Many of which are made in the U.S.

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