George Spritzer

http://quantinvestor.blogspot.com
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25 Comments

    • Thu Oct 2nd 20:36 PM | Rating: 0 0
      Commented on:
      5 Reasons Nokia Is a Good Value
      Sher-
      You're right. A settlement was reached in late July, but specific financial details were not disclosed. So there is still uncertainty caused in the stock price until we can see the impact of the settlement terms.
      View article »
    • Mon Sep 22nd 21:23 PM | Rating: 0 0
      Commented on:
      Interdependence and This Crisis
      Here's an idea that might make sense now- Instead of trying to just regulate Wall street compensation, how about just adding a new income tax bracket of 60% that applies to all income over $1 million.

      Some benefits:
      1) Reduces compensation of the Wall street bigwigs without affecting lower level employees.
      2) It would sharply lower municipal bond interest rates. State and local governments are in dire straits and need all the help they can.
      3) It would help real estate prices, since for people in the highest tax bracket the after-tax mortgage rate would be substantially reduced.
      4) Help even out the L-curve and stabilize the system. The top 0.1% has been rapidly taking over an enormous share of national income and wealth to the point where the system has become unstable.
      View article »
    • Mon Sep 15th 11:43 AM | Rating: 0 0
      Commented on:
      RMK Advantage Closed End Fund is Worth a Look
      Ben-

      1) Much of their portfolio is inactively traded. So they use the bid price for valuation purposes. If you were a vulture investor and tried to buy the bonds in their portfolio directly, you would have to pay the asked price.

      2) Look at the NAV values (XRMAX) the first three days after they took over the fund on July 29-
      July 29- 2.36
      July 30- 2.31
      July 31- 2.14
      Aug 1 - 2.06

      3) They have also been selling off illiquid stuff and buying more liquid stuff whiich has also caused a further haircut in NAV.

      View article »
    • Wed Sep 10th 17:57 PM | Rating: 0 0
      Commented on:
      WaMu on the Brink
      What would a Wamu failure mean to senior debt holders?

      With BSC, FRE and FNM the senior debt holders benefited.

      George
      View article »
    • Wed Sep 10th 17:35 PM | Rating: 0 0
      Commented on:
      Time To Bail Out WaMu?
      Has anyone looked at the Wamu senior debt maturing in January 2010?
      It yields around 70%.

      George
      quantinvestor.blogspot...
      View article »
    • Tue Sep 9th 16:24 PM | Rating: 0 0
      Commented on:
      Six Reasons to Like the Morgan Stanley Emerging Market Domestic Debt Fund
      EDD is cheap here and good speculative investment, but it is certainly not an appropriate investment for highly risk averse investors (e.g. widows and orphans). Nowadays almost no fixed income investment is completely safe except maybe FDIC guaranteed CD's (below 4100K) or US Savings bonds.
      View article »
    • Mon Sep 8th 00:48 AM | Rating: 0 0
      Commented on:
      $300/Barrel Oil Is Coming - Barron's Interview
      I think Maxwell is underestimating the probability of an unexpected technological advance. Once oil passes $150, there will be huge amounts spent on alternative energy research. Someone might come up with a revolutionary game-changing technology sooner than he thinks.
      View article »
    • Fri Sep 5th 22:07 PM | Rating: 0 0
      Commented on:
      Five Reasons to Buy Nuveen Floating Rate Income Fund
      I agree with najdorf. Many closed end funds become good buys precisely because they drop in price and the disount to NAV widens dramatically.

      najdorf: Are you related to the Argentine chess grandmaster?
      View article »
    • Wed Sep 3rd 12:35 PM | Rating: 0 0
      Commented on:
      16 Stocks That Are Paying My College Tuition
      Glenn-
      Keep up the good work! Your stock recommendations are brief and to the point.

      I also posted on XIN on my blog on May 19-

      quantinvestor.blogspot...

      George Spritzer
      View article »
    • Tue Aug 19th 16:20 PM | Rating: 0 0
      Commented on:
      Fundamental Analysis for Emerging Markets
      MXF has annual tender offers where you exchange your MXF shares at NAV in return for Mexican securities. This is a good deal, since MXF sells at a double digit discount to NAV.

      But in order to do this efficiently, you need a large position (at least 100K) and use a broker who can sell shares on the Mexican stock exchange.
      View article »
    • Tue Aug 19th 16:16 PM | Rating: 0 0
      Commented on:
      Trading Closed-End Funds - An Update
      Ben-

      What is your opinion of Central Securities (ticker CET)? It has a low expense ratio and high discount to NAV. Their top holding is Plymouth Rock which is private. It is a solid company, but the lack of liquidity might add to the CET discount.
      View article »
    • Thu Aug 14th 13:48 PM | Rating: 0 0
      Commented on:
      American CareSource Is a Buy With Blowout Revenues
      XSI reported excellent revenues and raised guidance. The stock is trading around 6.45 now.
      biz.yahoo.com/iw/08081...
      View article »
    • Sun Aug 3rd 14:47 PM | Rating: 0 0
      Commented on:
      Four Reasons to Like Nuveen Multi-Strategy Income and Growth Fund
      Mike- The 5 year ROR return through June 30, 2008 on etfconnect is +4.21% (not -6.5%; check your calculations, you may have left out some dividends or distributions).

      I always look at NAV historical return, not market return, when evaluating a closed end fund. In fact I prefer a lower historical market return since that means the discount is higher.
      View article »
    • Sun Aug 3rd 14:35 PM | Rating: 0 0
      Commented on:
      Four Reasons to Like Nuveen Multi-Strategy Income and Growth Fund
      Morningstar's expense ratio incorrectly includes cost of borrowing. This is part ot the investment- not a true management expense.

      Most closed end funds revert to the mean over time. They are not like individual stocks. Investing involves looking forward, not looking backward at the ROR. When this fund first came out it sold at a premium and now it sells at a discount. It has also been knocked down by the credit crisis.

      This fund is for fairly aggressive investors, and I would recommend scaling in over time in case the credit crisis lasts into 2009.

      View article »
    • Sun Aug 3rd 14:23 PM | Rating: 0 0
      Commented on:
      WisdomTree Reports 'Improved' Losses
      The main problem- Management/Advisor salaries are too high. This company is not being run for the shareholders.
      View article »
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