pete807
7年前
REITs are not in favor with interest rates expected to rise and tax changes for much of the country involving high tax states. RE values are lower with those new non-deductible taxes figured into value.
LADR had challenges to its share price 6 months ago even before the law so I was glad to take gains off the table.
Bought LADR for 11.15 in January of 2016 and sold in June 2017 for $14. Some where around 40-50% with dividend and appreciation.. not bad, but even better stories were ahead. Collected decent yield while in it, was even gifted some shares, but moved on to our better growth energy stocks. All is good.
Sold my other leveraged REIT too, ahead of new law and it is still a nickel below that Oct 26, transaction.
Currently the energy boom is on! US moving toward net exporter in the next couple years...
jugs
7年前
Exactly six months ago I liquidated my LADR position at an average price of $13.97. And now I find it's positioned about a half dollar beneath my sell point. I find this terribly unworthy of an investment, certainly for me.
Including distributions I don't think I gained much more than the value of the distributions themselves plus a couple of dollars per share in appreciation.
The trader side of me can't quite accept a limiting distribution as the sole profit-maker. Discounting the three IRA's I manage for my wife and me---accounts deliberately conservative for obvious reasons, my primary account is a general account. This account generated a 56% gain for all of 2017. Even including the year's results of those IRAs, my overall gain comes to 36.5%. LADR, then, would be enriching me by less than a quarter of even my IRA production gains! That's deplorable!
My cost basis in LADR had been $11.39. The close of today now stands about $2 above that. The only good thing in this is the 9.3% dividend aspect.
That's an awfully low-pitched standard. After all, I'm in a number of other plays with superior distribution bases yet the real gain lies in the compression factor in that the other picks are all showing massive upside, already accumulated and showing no relaxation. Thus it is that I continue beefing up positions.
LADR may become a good play for those more prepared to submit to a passive role in terms of income foraging but it's not for me as I crave more impressive results. After all, I have to live on my results.
]Still, I wish everybody a great year while hoping LADR prospers and finds itself able to increase quarterly payments.
jugs
7年前
LADR raising the distribution to 31.5¢ represents a penny and a half/unit. Let's think in broader terms:
For every thousand dollars you put into LADR units, your additional return comes to $1.095.
Two items bother me with this:
Your money MUST stay in place to receive the distribution. Quarter to quarter is three months to three months. That's a major concession for me---being told I can't redeploy my money when I can always find ways to make more than that? Doing exactly what I love?
Distributions are nice for someone counting on passive returns. They're good for the person who believes himself incapable of steering his own ship. For a self-starter, it's anathema as it totally rules out possibilities of generating outlandish returns.
I know people who routinely make a lot of money via capital appreciation, distributions being no more than icing on the cake. In the last few weeks, I, myself, have generated a 17% return YTD in my portfolio. This does not include distributions.
I'll take my chances on creating wealth any day over setting for an allowance thrown off by those managing a company. Leaders often overpay themselves and we retail folks have virtually nothing to say about it. Yet we pay the bill when a salary is concerned.
Toofuzzy
8年前
HI Jugs
I always want to own LARGE CAP, SMALL CAP, FOREIGN. REIT I own as an individual stock. I want to own and increase my cash to take advantage of the next crash and have money to live on without selling stock funds.
I also own a BIOTECHNOLOGY fund, an OIL company fund, and BANKING.
I own indivividual stocks for copper, silver, and a few others I would like to sell.
I also own AMZA, BDCL, REM, LADR, CEFL in a Heath Savings Account. It is thru these funds that I know you.
How much I own of each is determined by their price action, selling for gains and buying gradually as they go down.
Toofuzzy
jugs
8年前
I get it. My main beef with systems is that they don't factor in unusual circumstances. Because I move strongly into a limited number of picks, I've got to remain open to the unusual, be they surprises or defeats.
Friday of next week, ALDW will provide guidance for the past quarter. They'll be disclosing the quarterly distribution as well. With 25,000 units in hand, a surprise to the upside could be very meaningful for me whereas a downer could easily sink me to the tune of $100K or even worse.
The odds are to my liking as I'm used to the situation and I enjoy the responsibility of staying on top of things daily. I wouldn't invest if I had to subscribe to safety measures limiting my opportunities to make a killing. I've had enough killings to play the game of "Look, ma, no hands!"
Good luck to you, too.
jugs
8年前
You're apparently using a preplanned system based on laws of probability. We all do it, of course, whether we refer to it as instinctive calls, technical analysis or just plain old common sense along with a bit of luck.
I steer clear of formulaic systems as they disallow the unusual stuff that can't always be factored into new paradigms. In your scenario, for example, there's a top of $16.17 and a bottom of $10.78. Your top is defined by a 37% up-spread while the bottom is 50%
That's too broad a spread for some folks, especially if working with many thousands of shares. What I'm seeing is a tilt towards selling when there's a swing higher by about a third. Multiply that sell signal by ten thousand shares and we could find ourselves having to absorb a lot of money. And it limits the upside, too, as I see it. One of my picks is CEQP. My cost basis is $7.03 and the stock is at $24.60. Had I used just about any system, I'd have left most of the gains on the table. Not good.
I find nothing wrong with the system, as it were. The limiting of extreme potentials at either end of the profit/loss spectrum has me thinking this might be more useful for an investor more concerned with risk than I am.
I'm 77 years old, a cancer survivor, financially secure, as healthy as could be and very happy in general. I bring myself to the dance every day of my life.
But I have incorporated systems before and at times they helped me find my wheels beneath me. And then there's those times when I felt the imperative to sell strong picks such as LADR, knowing full well I was going to have to face certain consequences as my plan was to put the redeemed funds into less secure plays. Luck has favored me as both ALDW and NGL have moved strongly in my favor.
Thanks for the conversation. And I will explore the AIM users board---thanks for that, too!
jugs
8年前
I am able to bring the news up after all:
1031 exchanges on chopping block?
Jun. 13, 2017 12:47 PM ET|By: Stephen Alpher, SA News Editor
Commercial real estate players must not be keeping up with their political donations? As a way to "pay" for possible tax cuts, lobbyists say Congress might be eyeing full elimination of the popular 1031 exchange program, which allows deferral of capital gains taxes on certain property sales.
These "like-kind" exchanges are used in 10%-20% of commercial real estate transactions, according to Green Street Advisers. The elimination would devastate a sizable cottage industry of businesses whose sole purpose is to facilitate these deals. Also hurt would be those that rely on transaction volume - Walker & Dunlop (NYSE:WD), HFF (NYSE:HF), Ladder Capital (NYSE:LADR), and Marcus & Millichap (NYSE:MMI) come to mind; not to mention municipalities who reap transfer taxes when properties are bought and sold
jugs
8年前
Neat things you're bringing up.
When I found LADR, it was my conclusion based on a piece at SA that convinced me I wanted to be involved. And, like you, I was intrigued by the Walgreens connection. It's been a fine ride so far, wish I had capital to add.
When you figured out how to post photos at the board, you gave a great piece of physical proof to doubting folk. I hope some listened..
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