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iShares Trust - iShares Mortgage Real Estate Capped ETF Message Board

mjaymich61 14 posts  |  Last Activity: Jun 2, 2015 4:38 PM Member since: Sep 21, 2012
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  • Yesterday June 1 was reschedule date for STAR annual meeting... nothing on company website or news board, only SEC filing about shareholder vote -no big news... anyone hear of anything??? today stock closes up 28 cents 1.9%... too damned quiet!

  • Reply to

    SD Raised

    by tellicherry May 28, 2015 6:35 PM
    mjaymich61 mjaymich61 May 28, 2015 7:02 PM Flag

    Yes but Ford had few real competitors.... GM and Chrysler were dead in the water with poor management. Ford actually had a visionary CEO ... SD is like a few hundred other small E&P companies, most of which are also struggling, surrounded by the big guys and majors who are circling the wagons looking to pick off the dying but still viable.... lets see, the SDRXP 8.5% preferreds are selling at 25 cents on the dollar for a yield of 34%.... And given the SD track record how well do you really believe they will manage their future.... and with a billion or so of new (secured) debt who would want to buy them??? Yes fortunes have been made on such risky investments but this is a very long long shot ... not for my tastes....

  • Yahoo article just appeared noting new capital and liquity requirements for mortgage servicers ...
    search "Mortgage servicers get new rules on capital, liquidity"
    Any one have insights how this will effect the industry... and of course NRZ... I suspect burden will fall on the littler guys but what do I know? Thanks in advance

  • Reply to

    Fitch to withdraw IStar ratings in 30 days

    by stijl May 18, 2015 5:06 PM
    mjaymich61 mjaymich61 May 18, 2015 10:05 PM Flag

    In addition... take a look at the iStar bond prices today after the Finch announcement ... near term (within a few years) bonds are selling above par many aroundt 106... longer term at 99.6...

  • Reply to

    Fitch to withdraw IStar ratings in 30 days

    by stijl May 18, 2015 5:06 PM
    mjaymich61 mjaymich61 May 18, 2015 8:40 PM Flag

    LOL... before you panic, please read the words in the actual Fitch press release...."Fitch has decided to discontinue the ratings in 30 days, which are uncompensated". Has this resulted in a lowered price for their bonds...??? My only concern is why Fitch let iStar "free-ride" for all this time....

  • Reply to

    Terrific article

    by bacon2bacon May 16, 2015 7:28 AM
    mjaymich61 mjaymich61 May 16, 2015 3:32 PM Flag

    Thanks, actually a very insightful article... raises the question whether Fortress will dress the NRZ for sale... or whether NRZ will become an acquirer.... questions, questions...but what is the long-term strategy now that they have obviously built critical mass?

  • Reply to

    SD Shares Increased

    by frankb6221 May 14, 2015 4:57 PM
    mjaymich61 mjaymich61 May 14, 2015 5:05 PM Flag

    You are giving the SD management more credit than they are due. What you describe requires the ability to think and plan ahead! All I have seen is after-the-fact knee-jerk reactions.

  • Reply to

    Cost should jettison its TV business

    by rubiofromitaly Apr 10, 2015 11:24 AM
    mjaymich61 mjaymich61 Apr 16, 2015 6:54 PM Flag

    I suggest you talk to someone with info about Costco sales... their TV and electronics is the biggest money maker in the store -at least here isn California

  • mjaymich61 by mjaymich61 Apr 16, 2015 6:44 PM Flag

    Have to give these guys credit for keeping their name in front of the public. Not only are they mentioned in the BX news releases (not- unexpected) put I am receiving multiple e-mails about their con calls,the GE divestiture, each SEC filing, *8Ks, 10Ks, etc etc... Not complaining but these dudes know how to make-hay-while-the-sun shines. Sort of makes a unique splash for a mortgage-reit. Enjoying it while the fun lasts!

  • Reply to

    Fiorina vs. Ms Clinton

    by sdmiller4747 Apr 12, 2015 12:39 PM
    mjaymich61 mjaymich61 Apr 12, 2015 2:01 PM Flag

    Hillary an "elitist"? She is really a one-dimensional self-aggrandizing person who believes she has all the answers, just ask her. And by the way, she will not provide answers to anyone that asks the questions. Her history is an public , information as to what and why remains unknown! She is better at "stonewalling" than Putin.

  • Reply to

    Anybody own this stock besides me?

    by tshotglass Apr 10, 2015 3:24 PM
    mjaymich61 mjaymich61 Apr 10, 2015 5:31 PM Flag

    Quiet... the last thing this stock needs is a bunch of yahoo-giddieup idiots here. Their business strategy was clearly announced when they bought Capital Trust (CT), did a reverse sprit, renamed it to BXMAT, and sold mucho shares to the public... paying 7.5-8% all along. Keep quiet and lets not look for crowd-trading.....

  • mjaymich61 mjaymich61 Apr 8, 2015 1:33 PM Flag

    Check the records, the area of California has been experiencing cyclic droughts for years, centuries, thousands of years... even before millions of people moved to the basic desert areas... so lets not blame Mother Nature for just doing her thing!

  • mjaymich61 mjaymich61 Apr 8, 2015 12:17 PM Flag

    Careful with your use of the word "profit"... STAR has a large (actually hugh) tax-loss carry forward on the books but their on-going numbers are ok... meanwhile they have cash-flow form triple-net leases, are still trying to collect millions in a lawsuit award from Lennar, and ha some humongous value in developable land holdings. Like others, I have been enjoying collecting "return-of-capital" dividends on their preferred stocks for years and awaiting for the Lennar mess to get paid (even they cut a deal for the money) and some JV with their land. Have limited my exposure to the common although the shares do seem to be bubbling up a little.

  • Reply to

    Secondary price

    by cvdpro Apr 7, 2015 4:52 PM
    mjaymich61 mjaymich61 Apr 7, 2015 6:32 PM Flag

    Crazy... new offering announced after hours Monday and today Tuesday I tried to register to buy some on the secondary from Fidelity and at 1 pm Fidelity said the game was closed... would not accept my request to purchase....

REM
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