Friday File: An “Independence Day Royalties” Guess, plus Real Money Portfolio updates
by Travis Johnson, Stock Gumshoe | June 15, 2018 4:15 pm
Thoughts on a Marin Katusa teaser, plus updates on Hershey, Disney, Equinox, The Trade Desk and more...
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And in later-breaking news, IIPR declared their dividend for the quarter — no increase this quarter, which should have been the likely guess since they increased it back in December. Still certainly a possibility for strong dividend increases in the next few years if they are able to keep making strong 15% cap rate deals with medical marijuana growers, still high risk both because of the sector focus (their buildings would be worth less if leased to non-marijuana folks), and because their concentration with tenants is high, but the stock is trickling back down to near a buyable area, I can justify buying the stock down below about $35 a share.
I can confirm that you’re right on your pick being Lucara Diamonds 😉
Have you bought it? See anything in that Clara story? The mine seems worthy of a punt for those into diamonds, but it’s hard to guess at the “toll road” bit and whether or not it will actually work.
Travis, I just read a pitch from Michael Robinson on “Nano Crystal Electricity” from Nova-x Report
about a tiny firm that could be worth milllon $. Join his Nova-x Report for only $39. For a year. What’s your say?
Irregular Maclin
Use the search function above and you’ll get your answer.
chrizcringle are you sure Marin did not refer to an Uranium stock? At least that is what he wrote a few days ago.
Thanks for Marin Katusa solution…he’s been on a hot streak lately, the last 2 picks he gave out on a podcast have been bought within weeks of him giving them and it’s possible a third (NSU) will be acquired soon…so I’m anxious to get a small position in this next one…cause one thing I’ve noticed is analysts tend to have hot and cold streaks and right now he’s on a hot one…
Buying into LUCRF is speculative at best. The allure of the dividend and a trailing P/E of 9.5 may seem reasonably attractive. However investing in a stock which remains a small cap ($660 Mill) on the OTC having retraced more than 50% unabated for more than a year with no specific indications of an upward reversal which is trading below all three major MA’s (50MA, 100MA & 200MA) has to be questioned. Traditionally stocks with these types of patterns do not usually reverse explosively.
Despite a 9x increase in trading volume towards the end of the week (probably on account of the publication) the price has remained linear. Trading currently at 18% below 200MA a small premium to pay to wait for a definitive reversal with concerted upward momentum than jumping in now based solely on a convincing punt from a guru while it is still trading in the double Death Cross zone.
You are right about Lucara Diamonds. Katusa has been pushing it for a while. However, I don’t think Katusa is a credible source for giving the right time of day. Here is an interesting read: https://incakolanews.blogspot.com/2018/05/the-lucara-diamond-corp-lucto-chart-is.html
Fascinating reading. Thanks for the link and another valuable reference source on pitches like Katusa’s.
On another note, I am disappointed in BRK.B Had just added some to my holdings and it just seems to be going down each day. Maybe Warren is just getting old. Any comments?
I have $10,000 & really need to do well. Don’t mind risk in the vicinity of OKTA, which has been pretty good so far, I think. TEAM wasn’t bad, but I messed up selling TTD to buy more of it, after reading that TTD was overvalued, & completely missed a $40/share increase. Also, I think I really messed up buying that gold in Idaho after Barrak got involved. It’s WAY DOWN. Volatity is okay, as long as I BUY LOW, which I failed to do with FEYE (learned to REALLY look at the charts). So if I only have 5 years to live, what should I buy? Kids do better than me.