Bank Of America: Fair Value North Of $23
What is Bank of America (NYSE:BAC) really worth? At the end of 2014 I valued America’s largest bank at $26 per share. My valuation was based on Bank of America’s expected future free cash flows to equity (the free cash flow available to shareholders of the bank after Bank of America paid debtholders). Based on... Read More →
"Guardians of the Galaxy" Needs to Save Disney World
Image source: Disney. Disney (NYSE: DIS) has been slow to tap its Marvel franchises as fodder for major attractions at its domestic theme parks, but that’s starting to change. The media giant announced last month that a Guardians of the Galaxy -themed thrill ride will replace its Twilight Zone Tower of Terror free-fall attraction in... Read More →
"Guardians of the Galaxy" Needs to Save Disney World
Image source: Disney. Disney (NYSE: DIS) has been slow to tap its Marvel franchises as fodder for major attractions at its domestic theme parks, but that’s starting to change. The media giant announced last month that a Guardians of the Galaxy -themed thrill ride will replace its Twilight Zone Tower of Terror free-fall attraction in... Read More →
How Does SVXY Work?
Just about anyone who’s looked at a multi-year chart for a long volatility fund like Barclays’ iPath S&P 500 VIX Short-Term Futures ETN (NYSEARCA:VXX) has thought about taking the other side of the trade. The ProShares’ SVXY is an Exchange-Traded Fund (ETF) that allows you to bet against funds like VXX while avoiding some of... Read More →
Ventas: Wait For The Valuation To Cool Down
Ventas (NYSE:VTR) is a real estate investment trust with a highly diversified portfolio of seniors housing and healthcare properties located throughout the United States, Canada and the United Kingdom. They are part of the “Big 3” in healthcare REITs (including Welltower (NYSE:HCN), HCP Inc (NYSE:HCP) and VTR). Lately I’ve been following this sector more closely... Read More →
Equus Total Return Fund: A 2-For-1 Opportunity For Value Investors
Equus Total Return Fund’s 2nd Quarter NAV Increase The Equus Total Return Fund, Inc (NYSE:EQS) recently released its 2nd quarter net asset value. NAV increased by roughly $2 million or just over 5% to $3.13. This is the first significant increase in NAV for the fund in over a year and likely not the last.... Read More →
Equus Total Return Fund: A 2-For-1 Opportunity For Value Investors
Equus Total Return Fund’s 2nd Quarter NAV Increase The Equus Total Return Fund, Inc (NYSE:EQS) recently released its 2nd quarter net asset value. NAV increased by roughly $2 million or just over 5% to $3.13. This is the first significant increase in NAV for the fund in over a year and likely not the last.... Read More →
BUI: Take Profits Off The Table
As I wrote on my last article, 2015 marked the year when I became significantly more concerned about valuations not only in the equity markets, but mainstream publicly traded securities as a whole. I became concerned enough to start searching for values both in private equity and non-traded securities. One other place that became attractive... Read More →
Closed-End Funds – A Simple Way To Greatly Boost Yield
If you hold closed end funds there are simple ways of boosting yield. A few timely switches between funds when the opportunities arise can double your annual profit. Simple statistics and a flexible attitude to buying and selling is all you need. Selling Nuveen Enhanced Municipal Value Fund of Beneficial Interest (NEV) My August 1st... Read More →
Update To PIMCO Closed-End Funds UNII- July
PIMCO recently released their updated UNII information, one of the few companies that does so on a monthly basis. The funds have performed well in the last month with the group of taxable funds rising between 40 bps (NYSE:RCS) and 283 bps (NYSE:PTY) in terms of market price. Many of the popular multisector-based funds continue... Read More →