by Travis Johnson, Stock Gumshoe | December 13, 2013 5:32 pm
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Source URL: https://www.stockgumshoe.com/2013/12/december-idea-of-the-month-7-yield-from-the-old-and-the-sick/
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Thanks Travis. I feel about the same about the market in general. I’d love to hear more about what you think of MEI that you mentioned this week. Looks like a really interesting and still undervalued stock even with its huge surge this year, due to their projected growth the next few years (and consistent earning surprises for the good- sometimes enormously), and P/E still only in the 20s.
Travis – Medical Properties Trust (MPW), which looks compelling to you as a growth REIT with a 7% yield. I particularly pay attention to your Gumshoe Core stocks. Will MPW make the cut as a solid long-term holding or do you consider it more of a Speculative or Watchlist one.
Thinking on that now, I have some other moves to make on those lists as well. Personally, it’s about a 1.5 percent position right now.
Love to hear what you think the risks are and possible upside to Eaton Vance Senior Floating-Rate Fund. Very new to me. Any information on exactly how they make money and what the downside is would be great reading for the Gumshoe fan.
Thanks Travis
EFT’s home page, http://funds.eatonvance.com/Floating-Rate-Income-Trust-EFT.php- , shows EFT trading at a 6.64 discount to NAV as of 12/13/13 but says nothing about management fees and expense ratios. Bloomberg’s page, http://www.bloomberg.com/quote/XEFRX:US , shows these to be 1.19 and 0.87 respectively, which I assume are percentages, and a dividend yield of 6.44
How are the fees and expenses applied? Are they subtracted from the dividend yield? If so, the net yield for 12/13/13 would be 4.38.
By the way – except for dividend yield, it appears that Scottrade does not track these metrics for closed end funds. Sees rather odd.
Cut the dividend and insider buying and the price is as low as ever and it is winter time, gone ice fishing , they are really worried LSTMF . Like family SPF ENERGY AND PARKLAND FUEL where is the pipeline or is the Chinese train coming? A lot of land, they are in the middle of where the fish are looking at the bait.
What puzzles me about Bitcoin is how it can be reliable in an unregulated environment.
Where does the money, you and I put into it, go? What stops the ‘owners’ from walking away with the money and letting the coin go down to worthless? This is what happens when speculators buy out companies that have a lot of cash. They take the cash out , sell some of the valuable assets and then let the company go broke and the stock worthless.
And that happens even in a ‘regulated’ environment.
I am new to Gumshoe and am curious where the list of Gumshoe “Core” stocks mentioned earlier are found?
Under “Irregulars performance” in the Irregulars menu on the green bar above. I’ll be updating that spreadsheet and checking in on all of the stocks in the New Year.
Travis,
I just became a Irregular and the reason for that was i liked what i was reading as an Regular.
One concern about Bitcoin for me is that…that entire Bitcoin mantra about unregulated free flowing Virtual currency maybe sound but it does not take Human greed into account. It is a limited commodity (even with coins yet to mined/released)…What will happen to them when businesses(which accept them) try to get smart and start hoarding them thinking the value will rise in future? and i feel they can easily manipulated by a group.
I agree completely — it can’t be a decent currency for transactions unless the hoarding impulse stops. I’m very skeptical but willing to dabble and watch.
Has anyone seen the Bitcoin 2.0 package being teased by Mike Robinson with his Nova X Report newsletter @ $49
has anyone had experience with keith fitzgeralds geiger index, it looks plausible but would like to hear from someone that liked or hated it