02-16-2014, 03:56 PM
(This post was last modified: 02-16-2014, 04:01 PM by hendi_alex.)
There is no reason to doubt that TMA, which was considered the best of the jumbo alt-a operations went down the tubes. Everything was fine with them, except mark to market caused loan covenants to get exercised. TMA had great clients with very low loan to values and had extremely low delinquency rates. Still went broke. New Century was considered very strong. NFI (novistar) had a huge cult of followers who believed all of the hype related to various scenarios and how NFI would do just great no matter what. They are still around, but are a different business and are still at very few pennies on the dollar to precrash values. IMH is not on the list, but it came close to going under and has come nowhere close to recovering. ACAS was considered the best of breed in the BDC area. They nearly went broke, and have come nowhere close to recovering precrash values. They as well got caught by mark to market and loan covenants. The business itself appeared sound.
I'm not really interested in engaging in a pissing contest, so will end further comments on this thread. We will just have to disagree, and I hope your portfolio of investments works out exactly as you plan. Good luck going forward.
Some info concerning my portfolio and strategies:
The portfolio is currently about 10% in property REITs, spread between CSG, HCP, O, and RYN. RYN is just a temporary covered call play.
The portfolio's main categories are as follows (approximate %): TECH (28%):AAPL CSCO INTC; Energy production (28%) BTU CCJ ECA; Insurance (5%) MCY OB ORI; energy delivery (12%) NAT PBA SPH TGP; Misc (21%) GE POT SSL T
CSG MCY O OB ORI PBA POT SSL TGP NAT HCP (15%) are all longer term positions. All other positions (85%) including most of NAT and 1/3 of HCP are temporary covered call plays, most originally going out about six months.
I'm sure that my portfolio with its high level of management (turnover) would give you just as much aversion as I would feel with heavy exposure to the REIT, MLP, BDC areas. It takes all kinds to make a market, and there are many right ways to go about this thing called investing.
P.S. - I recently wrote a piece, posted at this site, concerning NLY as best of the breed. http://dividendgrowthforum.com/showthrea...63#pid2163
I'm not really interested in engaging in a pissing contest, so will end further comments on this thread. We will just have to disagree, and I hope your portfolio of investments works out exactly as you plan. Good luck going forward.
Some info concerning my portfolio and strategies:
The portfolio is currently about 10% in property REITs, spread between CSG, HCP, O, and RYN. RYN is just a temporary covered call play.
The portfolio's main categories are as follows (approximate %): TECH (28%):AAPL CSCO INTC; Energy production (28%) BTU CCJ ECA; Insurance (5%) MCY OB ORI; energy delivery (12%) NAT PBA SPH TGP; Misc (21%) GE POT SSL T
CSG MCY O OB ORI PBA POT SSL TGP NAT HCP (15%) are all longer term positions. All other positions (85%) including most of NAT and 1/3 of HCP are temporary covered call plays, most originally going out about six months.
I'm sure that my portfolio with its high level of management (turnover) would give you just as much aversion as I would feel with heavy exposure to the REIT, MLP, BDC areas. It takes all kinds to make a market, and there are many right ways to go about this thing called investing.
P.S. - I recently wrote a piece, posted at this site, concerning NLY as best of the breed. http://dividendgrowthforum.com/showthrea...63#pid2163
Alex