by Travis Johnson, Stock Gumshoe | January 10, 2014 9:04 pm
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Source URL: https://www.stockgumshoe.com/2014/01/annual-review-part-one/
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This was great. Thanks Travis.
Travis:
Any thoughts about MPW? I have been in for approximately 9 months and have not seen much movement other than the dividend. Wondering what your thoughts are since featured last fall in Gumshoeland.
Thanks, DZ
I bought it myself a couple months ago, as well as featuring it in December. I expect dividend growth and long-term solid returns but REITs certainly didn’t keep up with the market last year. Will be looking at it in more detail next week, but I still think it’s a solid growth REIT with a well-above-average dividend.
Travis, i like Altius, but I haven’t bought it yet. In the last two weeks, the stock is up 25% +/-, possibly due to their CEO message to shareholders released on Christmas Eve… How do you feel about the valuation since this increase?
Also, I don’t want to take away from the Annual Review material, but I am curious about your thoughts on Input Capital, the agricultural streamer which you have covered. Their market cap is 120m now, and should have about 8m in royalty income for their fiscal year end (according to my calcs, using data from their last news release). Any thoughts?
Happy New Year. Thanks for Everything.
The valuation at Altius is still pretty good, but it’s a different calculation now because ongoing cash receipts from royalties will be far higher now so we don’t have to wait until Alderon’s mine gets built to have meaningful cash flow increases and we get some diversification in terms of different commodities. I’ll look at that in more detail next week, but I think the valuation is quite reasonable for long term holders. As long as you think exposure to iron ore, coal, potash, and nickel will continue to be valuable.
I still have trouble with the valuation at Input capital — the streams are good and immediate but do not last forever and it’s so new that it’s hard to pay such a stiff premium for the company over and above what they’ve invested into the streams. Still watching it, still haven’t been able to convince myself to buy at these prices.
Thanks Travis, I appreciate your timely response. I got into INP with an order partially filled @ 1.96, but now I’m hesitant to add to this small position. With both ALS and INP, I’m Looking to add to my positions, but it’s hard when I don’t seem to be able to “buy low”. They had a great week.
Thanks to stockgumshoes profile of ALNY & BOFI.
ALNY up more than $22 pre-market this morning (plus another 34%)
It is big win. I only pick a few that I like from SG profile, I only pick ALNY and BOFI, both are blasting off. I did miss ISIS.
BTW : Thanks
Glad you jumped on some winning stocks! I didn’t end up owning any of those personally 🙁
Interesting analyst note in Barron’s yesterday from an analyst on Seadrill and the other big offshore drillers — in part: