tag:blogger.com,1999:blog-2986124651030959736.post3271633882143150644..comments2024-03-28T09:42:38.695-05:00Comments on Stocks, Bonds & Politics: Observations and Sample of Recent Trades: (APLE, ENBPRP, SVNLY, )TENNINDEPENDENThttp://www.blogger.com/profile/17444227958539559639noreply@blogger.comBlogger23125tag:blogger.com,1999:blog-2986124651030959736.post-60845229108723230062017-05-28T19:28:04.573-05:002017-05-28T19:28:04.573-05:00I have published a new post:
https://tennesseein...I have published a new post: <br /><br />https://tennesseeindependent.blogspot.com/2017/05/observations-and-sample-of-recent_28.htmlTENNINDEPENDENThttps://www.blogger.com/profile/17444227958539559639noreply@blogger.comtag:blogger.com,1999:blog-2986124651030959736.post-61103668790569400282017-05-27T14:49:03.166-05:002017-05-27T14:49:03.166-05:00I needed to correct some typos so I had to edit my...I needed to correct some typos so I had to edit my prior post which I then deleted. <br /><br />James: There is no legitimate reason to establish a back channel. If there was some legitimate need, Trump and Kushner could have waited a few weeks, until Trump became President, and then meet with theRussian Ambassador in a secure facility at the White House. <br /><br />We do know that the Department of Homeland Security and the Director of National Intelligence issued a joint statement on 10/6/16 that Russia had hacked the emails.<br /><br />http://billmoyers.com/story/the-trump-resistance-plan-a-timeline-russia-and-president-trump/<br /><br /><br /><br />If the information reported by the WP, NYT and other news outlets about Trump's efforts to interfere with the investigation are true, then there are multiple counts of criminal obstruction of justice which does not require that the interference succeed or that the investigation result in an indictment. The overt acts in furtherance of the interference, with the intent requirement, are sufficient. <br /><br />Trump's conduct and actions are not consistent with a man who has nothing to hide but are only consistent with someone who has something major to hide. <br /><br />Evidence of intent can be found in multiple press reports, including the report that Trump asked Sessions to exit the room during the dinner with Comey, whereupon Trump reportedly asked the FBI Director to stop the Flynn investigation. <br /><br />Trump's overt acts in furtherance of obstruction of justice are more numerous than just the smoking gun meeting where Nixon and Haldeman decided to use the CIA to stop the FBI investigation into Watergate. <br /><br />There is evidence that Kushner met with Putin's banker and that bank made a loan to a Trump associate. This is a summary of that story which was published in the WSJ which requires a subscription to read: <br /><br />http://theweek.com/speedreads/699538/russian-bank-directly-linked-putin-helped-finance-trump-hotel<br /><br />I have not yet seen any firm evidence of a direct link between policy and money. The FBI is investigating the possible link between a removal of sanctions in exchange for loans by that Russian bank according to Reuter's story published late yesterday. <br /><br /><br /><br />The other area which you mention is also part of the investigation, which is exploring whether Trump's data analytics was used by the Russians to target particular voters with fake news. I have seen that being discussed, but have yet to see what I would call hard evidence. <br /><br />http://www.newsweek.com/did-russians-target-dem-voters-kushners-help-613612<br /><br />http://time.com/4783932/inside-russia-social-media-war-america/<br /><br />http://www.cnn.com/2017/05/25/politics/fbi-russia-investigation-jared-kushner/<br /><br /><br />Trump will be shielded by republican politicians in Washington. Their agenda is more important to them than his fitness for office. There will be more efforts to impede the investigation. The attacks on anyone providing evidence will intensify. The Nixon resistance playbook is going to be followed in material ways over the coming months. <br /><br />I would not expect a single GOP member of the House Judiciary committee to request an inquiry into possible impeachment. <br /><br />Trump's approval rating has ticked up over the past several days and now stands at 41% using the Daily Gallup poll. TENNINDEPENDENThttps://www.blogger.com/profile/17444227958539559639noreply@blogger.comtag:blogger.com,1999:blog-2986124651030959736.post-39856662328361037792017-05-27T14:46:06.339-05:002017-05-27T14:46:06.339-05:00This comment has been removed by the author.TENNINDEPENDENThttps://www.blogger.com/profile/17444227958539559639noreply@blogger.comtag:blogger.com,1999:blog-2986124651030959736.post-33357990441191579452017-05-27T14:07:43.613-05:002017-05-27T14:07:43.613-05:00The Trump team wanted to use Russian communication...The Trump team wanted to use Russian communications facilities? To deal with Putin? Why a need "to cut out" State and CIA, et al? .....There is one possible answer in press reports that the FBI is investigating a Trump team offer of sanctions relief in exchange for loans to Trump enterprises:<br /> Then, too, it appears that Kushner and Russian connected indivuals cooperated on campaign data analytics, including a coordinated last minute Facebook onsluahgt, using the resources of RT and Sputnick. Jared forgot these as well as mentioning the campaigns 18 other undisclosed contacts with Russians with intelligence connections. Failure to report these on SF-86 by Sessions and Flynn fall under U.S. Criminal Code (title 18, section 1001) which penalties for knowingly falsifying or concealing a material fact. These are felonies with fines "and/or up to five years imprisonment." Federal routinely fire, and pull prior grants of security clearance, and disqualify individuals who "materially or deliberately falsify these forms" Q: So why lie? A: The Wanted to shield it from US intelligence.....----But the risk of prosecution is not small. Look at what happened last March to<br />State Department employee, Candace Marie Claiborn, who was arrested and charged With concealing extensive contacts with foreign agent. It was on the basis of not responding truthfully on her SF-86! See- John Mclaughlin, former acting DCIA notes on MSNCB May 26th that had an American CIA officer -or any other kind of officer-- done this, they'd be up on espionage charges...The non-disclosure of this contact with a hostile power opens up liability under 1917 intelligence act...There's the long languishing Logan Act, as well. It's disuse, does not mean it is not applicable. Former Director Mueller will not want to nor would he be able to finesse this matter. I read, the NSA Director told staff of effort to impede Mueller. The cats out of the bag..Anonymoushttps://www.blogger.com/profile/03049166234731891404noreply@blogger.comtag:blogger.com,1999:blog-2986124651030959736.post-34234346699392783682017-05-27T11:56:33.902-05:002017-05-27T11:56:33.902-05:00Well yes, decency is a conservative value. Is thi...Well yes, decency is a conservative value. Is this party's actions and WH admin's actions decent? Well answer is already known.<br /><br />I've been playing with an idea in my head, and wondering how it sounds.<br /><br />Trump gets away with stuff that should take down anything. True since the beginning, one outrageous disrespect at other humans after another. When others try to talk back, it has always backfired with his responder looking bad. For instance he could call his co-candidates horrible names, but when one called him a name it nearly takes them down (such as Cruise or someone, and Clinton's deplorables)<br /><br />Is the teflon effect because he has no shame? Regular other people have shame, so even when they insult, they know it. Does his lack of ability to have shame, change how his disrespect comes across to some people so that he doesn't get taken down while being able to do one disrespectful thing after another.<br /><br />This wouldn't explain everything remotely. But is it part of what's happening?Land of Milk and Honeyhttps://www.blogger.com/profile/16833911218906382663noreply@blogger.comtag:blogger.com,1999:blog-2986124651030959736.post-39806644956233959002017-05-27T07:36:39.720-05:002017-05-27T07:36:39.720-05:00LMH: The first question to ask is what are conserv...LMH: The first question to ask is what are conservative values and then it becomes easier to assess whether the current republican party is a conservative one. <br /><br />Is telling the truth a conservative value? Is appealing to people's worse instincts a conservative value? Is attacking the free press and undermining confidence in voting rights conservative values? Is restricting access to voting by people who vote the wrong way a conservative value? Are the Bill of Rights embodied in the Constitution conservative values? Is tolerance a conservative value? Is learning a conservative value? etc. and so on into infinity. TENNINDEPENDENThttps://www.blogger.com/profile/17444227958539559639noreply@blogger.comtag:blogger.com,1999:blog-2986124651030959736.post-498796590620985752017-05-27T07:32:26.000-05:002017-05-27T07:32:26.000-05:00Y: That is a good point about AGN's stock posi...Y: That is a good point about AGN's stock position. That would be a far less important issue assuming TEVA was firing on all cylinders which is not the case. <br /><br />Allergan received 100.3M TEVA shares and $33.4M in cash for its generics business. <br /><br />https://www.allergan.com/News/News/Thomson-Reuters/Allergan-plc-Completes-Divestiture-of-Global-Gener<br /><br />The cash consideration itself is higher than Teva's current market capitalization which Marketwatch has at $29.33B at a $28.49 price. <br /><br /> http://www.marketwatch.com/investing/stock/teva<br /><br />As I recall, TEVA could not sell any shares for 12 months after the closing which occurred around 8/2/16. <br /><br />A significant amount of low coupon debt is maturing 2018-2020 which will have to be refinanced at higher rates. <br /><br />For example, there is $1.5B in a 1.4% coupon issue that matures on 7/20/18: <br /><br />http://finra-markets.morningstar.com/BondCenter/BondDetail.jsp?ticker=C658377&symbol=TEVA4384545<br /><br />After that one, there is a $2B in principal amount bond with a 1.7% coupon maturing in 2019: <br /><br /> http://finra-markets.morningstar.com/BondCenter/BondDetail.jsp?ticker=C658379&symbol=TEVA4384546<br /><br />Personally, I believe that TEVA needs to eliminate its dividend and to use the cash to pay down debt, along with some free cash flow, for at least the next five years. Long term debt was at $32.694B as of 3/31/17. Short term debt was then at $1.942B. TENNINDEPENDENThttps://www.blogger.com/profile/17444227958539559639noreply@blogger.comtag:blogger.com,1999:blog-2986124651030959736.post-58507192456977059732017-05-27T00:15:27.321-05:002017-05-27T00:15:27.321-05:00South Gent,
It turns out that you have bought 064...South Gent,<br /><br />It turns out that you have bought 06426WHB1 that was issued on 5/25/17 and I have bought 06426WHK1 on a "when-issued" basis with an issue date of 6/7/17. 06426WHK1 was not available at my broker this morning. Fidelity does not reveal the broker fee of individual CDs but except the coupon rate everything else appears identical .Y2000https://www.blogger.com/profile/07490088548749061927noreply@blogger.comtag:blogger.com,1999:blog-2986124651030959736.post-35153158339044515022017-05-26T23:57:33.077-05:002017-05-26T23:57:33.077-05:00"I do not view the modern republican party as..."I do not view the modern republican party as a conservative one. "<br /><br />This matched with a question I have. What would your view be of a conservative party & platform?<br /><br />This obviously isn't it. You've be a good person to ask what conservative looks like when it's not been hijacked by a ... I don't know if this is a fun question or annoying...<br /><br />-------<br /><br />Thanks for the Teva info. I'd been eyeing it and reading on it.Land of Milk and Honeyhttps://www.blogger.com/profile/16833911218906382663noreply@blogger.comtag:blogger.com,1999:blog-2986124651030959736.post-4979909907951120972017-05-26T23:42:30.413-05:002017-05-26T23:42:30.413-05:00Cathie - meanwhile earnings are still increasing. ...Cathie - meanwhile earnings are still increasing. The market may not care about the politics and focus only on the economy. I wouldn't be surprised to see a rally when this "story" on Trump finally breaks (if it does go there).<br /><br />--<br /><br />I am finding it odd how much some stocks are moving. Best Buy 23% climb. Other stocks take 10% dives. Others move moderately and seemingly appropriately. But the bigger swings get attention and make me wonder if it signals anything underlying the market.Land of Milk and Honeyhttps://www.blogger.com/profile/16833911218906382663noreply@blogger.comtag:blogger.com,1999:blog-2986124651030959736.post-79715635915055145422017-05-26T21:43:06.609-05:002017-05-26T21:43:06.609-05:00South Gent,
Re. TEVA I would agree that "..a...South Gent,<br /><br />Re. TEVA I would agree that "..at a closing price of $28.5 today, a lot of risks are in that price ...". However, one would wonder how a large cap pharma could have gone from over $72 to $28 in less than 2 years. <br /><br />Mizuho Securities analyst Irina Rivkind Koffler has an Underperform rating on Teva based on: 1) risky guidance, 2) expected business contraction, and 3) a significant debt overhang. She further expands on "contraction via further asset sales, generic pricing pressure, Copaxone LOE, and minimal pipeline contribution.”<br /><br />Also, maybe Allergan's (AGN) 12% stake has something to do with it. I think AGN is still the largest TEVA stockholder and it could be good and bad for TEVA's stock price.<br />Y2000https://www.blogger.com/profile/07490088548749061927noreply@blogger.comtag:blogger.com,1999:blog-2986124651030959736.post-12048225580938064972017-05-26T20:38:54.733-05:002017-05-26T20:38:54.733-05:00"Exclusive: Trump son-in-law had undisclosed ..."Exclusive: Trump son-in-law had undisclosed contacts with Russian envoy - sources" Reuters<br /><br />"U.S. President Donald Trump’s son-in-law and close adviser, Jared Kushner, had at least three previously undisclosed contacts with the Russian ambassador to the United States during and after the 2016 presidential campaign, seven current and former U.S. officials told Reuters."<br /><br />http://www.reuters.com/article/us-usa-trump-fbi-kushner-exclusive-idUSKBN18N018TENNINDEPENDENThttps://www.blogger.com/profile/17444227958539559639noreply@blogger.comtag:blogger.com,1999:blog-2986124651030959736.post-23854347016006692222017-05-26T18:28:12.593-05:002017-05-26T18:28:12.593-05:00"Russian ambassador told Moscow that Kushner ..."Russian ambassador told Moscow that Kushner wanted secret communications channel with Kremlin" Washington Post Just Published<br /><br />"Jared Kushner and Russia’s ambassador to Washington discussed the possibility of setting up a secret and secure communications channel between Trump’s transition team and the Kremlin, using Russian diplomatic facilities in an apparent move to shield their pre-inauguration discussions from monitoring" -sourced from "U.S. officials briefed on intelligence reports. <br /><br />According to the WP, Kushner made the proposal at a 12/1 or 12/2 meeting at Trump Tower that was attended by Flynn. The U.S. intercepted communications between the Russians about this meeting. This meeting was not initially disclosed by Kushner in his security clearance application. It was disclosed in March and played down by the WH only after press reports emerged disclosing its existence. The WP was alerted about the meeting last December through an anonymous letter.<br /><br />Another avenue of inquiry which may turn into something interesting is discussed in this TIME magazine and Newsweek articles: <br /><br />DID RUSSIANS TARGET DEMOCRATIC VOTERS, WITH KUSHNER’S HELP?<br />http://www.newsweek.com/did-russians-target-dem-voters-kushners-help-613612<br /><br />http://time.com/4783932/inside-russia-social-media-war-america/<br /><br />Nothing is proved yet. The level of smoke is growing. <br /><br />Trump supporters view this as a witch hunt by the news media viewed by Trump and his supporters as the Enemy of the People. If this involved the Clintons rather than the Trump/Kushner orbit, the chants of lock her up coming from the Trump Trolls would be deafening. TENNINDEPENDENThttps://www.blogger.com/profile/17444227958539559639noreply@blogger.comtag:blogger.com,1999:blog-2986124651030959736.post-15497936271088789242017-05-26T16:56:56.746-05:002017-05-26T16:56:56.746-05:00TEVA: A few readers have asked me in the past abou...TEVA: A few readers have asked me in the past about TEVA, which I do not own. My general reply was to discuss potentially negative developments and conclude that the the balance of potential risks and rewards tilted in favor of the risks. The first inquiry came when the stock had just fallen into the low 50s and more questions were asked when the shares were in the 30s. <br /><br />Links to some of the more recent comments which were made in December 2016 and in January: <br /><br />https://seekingalpha.com/instablog/434935-south-gent/4935893-update-portfolio-positioning-management-2016-4th-quarter#comment-73863093<br /><br />https://seekingalpha.com/instablog/434935-south-gent/4944101-south-gents-comment-blog-8-reits-preferred-stocks-bonds-regional-banks-healthcare-and#comment-74014777<br /><br />https://seekingalpha.com/instablog/434935-south-gent/4935893-update-portfolio-positioning-management-2016-4th-quarter#comment-73862031<br /><br /><br />I would not approach an analysis by simply saying investors are wrong about this stock; or the stock is cheap based on forward estimates; or the market is pricing a $26+B market cap company for bankruptcy which makes no sense. <br /><br />The two main problems are still present with potential generic competition for the 40mg dosage of Copaxone. This is no small matter. There is already a generic for the 20MG dose. This drug is probably the leading one to treat multiple sclerosis. <br /><br />https://www.copaxone.com/about-copaxone/how-copaxone-works<br /><br />For the Q/E 3/31/17, Copaxone sales declined 4% Y-O-Y but were still substantial at $970M out of a total revenue number of $5.6B or 17%. The entire specialty drug segment suffered a Y-O-Y decline of $132M or 6%. <br /><br />"Our global Azilect® revenues were $60 million, a decrease of 47% compared to the first quarter of 2016 following the introduction of generic competition to Azilect® in the United States in 2017." Specialty medicines saw a 12% profit decline. <br /><br />http://www.tevapharm.com/news/teva_reports_first_quarter_2017_financial_results_05_17.aspx<br /><br />The second main problem is inherent in the generic business and involves a limited window of exclusivity at best and then a period of declining prices and cut throat competition. <br /><br />An investor can not assess a TEVA investment without looking at those risks. <br /><br />Then there are problems with management and a major price fixing case hanging over the company's head. <br /><br />Still, at a closing price of $28.5 today, a lot of risks are in that price so I am looking at it only. If I buy, it will be a few shares using commission free trades, possibly 10 or 20 shares and stopping at no more than 50 after averaging down. I do not like the company. The price decline has caused major technical damage and institutions still appear to be bailing on the stock. TENNINDEPENDENThttps://www.blogger.com/profile/17444227958539559639noreply@blogger.comtag:blogger.com,1999:blog-2986124651030959736.post-75693738203007713852017-05-26T15:31:04.934-05:002017-05-26T15:31:04.934-05:00Nursing Home REITs: I looked around the internet t...Nursing Home REITs: I looked around the internet today and could not find anything specific that would explain the recent weakness in nursing home REIT stocks which continued today. <br /><br />This is not something that is company specific as far as I can tell. <br /><br />All of the stocks are technically weak. OHI, for example, burst below its 50 and 200 day SMA lines on 5/25 and then volume accelerated. I used a Google Finance 1 year chart to make that determination. <br /><br /><br /> https://www.google.com/finance?q=NYSE%3AOHI&ei=040oWcjQB8SJ2Aad5J_IDg<br /><br />So the explanation may just be sellers piling on as OHI failed to break through overhead resistance. <br /><br />OHI Close Today 5/26: <br />$31.56 -$0.43 (-1.34%)<br />Volume 5,847,455<br />Avg. Volume 1,982,292<br /><br />While SeekingAlpha authors sing the praises of this REIT, I have pointed out repeatedly that the serious money does not share their enthusiasm. <br /><br />When I see this kind of two day weakness, my general reaction is to wait before buying. That would mean waiting to see whether the downdraft continues next week. And, I will sell the OHI pops. <br /><br />Care Capital Properties, Inc. (CCP)<br />$26.33-0.65 (-2.41%)<br />Volume 1,218,764<br />Avg. Volume 1,102,561<br /><br />CCP is being acquired by Sabra Healthcare in an all stock transaction so its price is basically reflecting the movement in SBRA. <br /><br />http://globenewswire.com/news-release/2017/05/08/979823/0/en/Sabra-Health-Care-and-Care-Capital-Properties-to-Combine-in-7-4-Billion-Transaction-to-Create-a-Premier-Healthcare-REIT.html<br /><br />Sabra Health Care REIT, Inc. (SBRA)<br />$23.33 -$0.32 (-1.35%)<br />Volume 1,622,299<br />Avg. Volume 870,766<br />TENNINDEPENDENThttps://www.blogger.com/profile/17444227958539559639noreply@blogger.comtag:blogger.com,1999:blog-2986124651030959736.post-34543659011101025062017-05-26T14:58:01.485-05:002017-05-26T14:58:01.485-05:00There is a new Bank of China CD with a 1.2% coupon...There is a new Bank of China CD with a 1.2% coupon maturing on 12/7/17 <br /><br />Cusip 06426WHG0 at Schwab<br />DSH5P7919 at FidelityTENNINDEPENDENThttps://www.blogger.com/profile/17444227958539559639noreply@blogger.comtag:blogger.com,1999:blog-2986124651030959736.post-3256867975762861262017-05-26T14:52:37.311-05:002017-05-26T14:52:37.311-05:00Y: I double checked my purchase and it was a 1.1% ...Y: I double checked my purchase and it was a 1.1% coupon maturing on 9/7/17 issued by the Bank of China. <br /><br />Cusip DSH5P7865 <br /><br />I bought it at Fidelity so I can't explain why you got 1.05% unless Fidelity is giving me a slightly better deal. <br /><br />I checked at Schwab and they have the same 1.1% CD with a different CUSIP 06426WHB1. TENNINDEPENDENThttps://www.blogger.com/profile/17444227958539559639noreply@blogger.comtag:blogger.com,1999:blog-2986124651030959736.post-14563282277085186852017-05-26T14:11:29.984-05:002017-05-26T14:11:29.984-05:00South Gent,
I did buy that CD this morning as it ...South Gent,<br /><br />I did buy that CD this morning as it has the highest coupon rate in that time range. However, I got cusip 06426WHK1, issued by Bank of China with a maturity date of 9/7/2017 and coupon rate of 1.05%. The coupon rate is slightly different, but I also noticed that the broker gets paid a fee of 0.15%. So maybe Fidelity split its fee with the clients? <br /><br />Y2000https://www.blogger.com/profile/07490088548749061927noreply@blogger.comtag:blogger.com,1999:blog-2986124651030959736.post-5597172335329189682017-05-26T10:20:49.711-05:002017-05-26T10:20:49.711-05:00FYI, I know that some readers are interested in bo...FYI, I know that some readers are interested in bonds and CDs offered by Fidelity. <br /><br />Bank of China has a FDIC insured 1.1% CD maturing on 9/7/17, and a 3.1% Verizon senior unsecured bond maturing on 6/1/2024 under its corporate notes program where the investor buys a new issue at par with no accrued interest paid to the seller. TENNINDEPENDENThttps://www.blogger.com/profile/17444227958539559639noreply@blogger.comtag:blogger.com,1999:blog-2986124651030959736.post-37952459014539296072017-05-26T09:55:49.546-05:002017-05-26T09:55:49.546-05:00Trump is doing his best to win friends and influen...Trump is doing his best to win friends and influence people in Europe. Possibly, he has read the book, his first since high school, "How To Win Friends and Influence People". <br /><br />Or maybe not. Perhaps someone can afford buying the paperback and mailing it to the White House: <br /><br /> https://www.amazon.com/How-Win-Friends-Influence-People/dp/0671027034/ref=tmm_pap_swatch_0?_encoding=UTF8&qid=&sr=<br /><br />Just $9.49. <br /><br />We have seen him shove a P.M. and squeeze hands until the blood loss causes a PM to turn red. <br /><br />Now the German magazine is reporting that Donald had some pleasantries for the Germans: <br /><br /><br />"The Germans are bad, very bad," Trump said, according to meeting participants. "See the millions of cars they are selling to the U.S. Terrible. We will stop this."<br /><br /><br />http://www.spiegel.de/international/world/trump-in-brussels-the-germans-are-bad-very-bad-a-1149330.html<br /><br />My thinking about the election result in Montana is that the republican needed to beat that liberal reporter more which would have increased his margin of victory in our New Trump Nation. TENNINDEPENDENThttps://www.blogger.com/profile/17444227958539559639noreply@blogger.comtag:blogger.com,1999:blog-2986124651030959736.post-59874553680132605582017-05-25T18:39:34.483-05:002017-05-25T18:39:34.483-05:00Re: significant movements in stock prices absent a...Re: significant movements in stock prices absent analyst downgrades, published news of trouble brewing, accusations of CEO's ties to notorious fraudster in blog posts on Seeking Alpha, etc., consider<br /><br />(4) leaked information from someone with inside knowledge?<br /><br />Re: Kushner, tick tock.InAvalonhttps://www.blogger.com/profile/11099271792479219061noreply@blogger.comtag:blogger.com,1999:blog-2986124651030959736.post-76942403557951708742017-05-25T18:01:15.372-05:002017-05-25T18:01:15.372-05:00Just published by the WP:
Jared Kushner now a fo...Just published by the WP: <br /><br />Jared Kushner now a focus in Russia investigation: <br /><br />"Investigators are focusing on a series of meetings held by Jared Kushner, President Trump’s son-in-law and an influential White House adviser, as part of their probe into Russian meddling in the 2016 election and related matters, according to people familiar with the investigation."TENNINDEPENDENThttps://www.blogger.com/profile/17444227958539559639noreply@blogger.comtag:blogger.com,1999:blog-2986124651030959736.post-41832632842558206102017-05-25T15:46:38.043-05:002017-05-25T15:46:38.043-05:00OHI: Omega got smacked today on heavier than norm...OHI: Omega got smacked today on heavier than normal volume. <br /><br />Omega Healthcare Investors Inc.<br />$31.99 -$1.32 -3.96%<br />Volume 5,512,821<br />Avg. Volume 1,925,348<br /><br />Care Capital Properties, Inc. (CCP)<br />$26.98 -$0.91 (-3.26%)<br /><br />Sabra Health Care REIT, Inc. (SBRA)<br />$23.65 -$0.85 (-3.47%)<br /><br />Normally, there could be three causes. I have not been able to find one yet. <br /><br />I have ruled out the first two: <br /><br />(1) downgrade from a major brokerage of the entire sector; <br /><br />(2) big trouble brewing at a common major tenant that just popped up on the screen today; <br /><br />(3) something involving government reimbursement. <br /><br />I did not see any analyst action today for this sector. <br /><br />I looked at the leading loser list and did not see any nursing home operators which would be the case when one of them disclosed today something bad. <br /><br />Composite: <br /> http://online.wsj.com/mdc/public/page/2_3021-losecomp-loser.html?mod=topnav_2_3021<br /><br />NYSE:<br />http://online.wsj.com/mdc/public/page/2_3021-losenyse-loser.html?mod=topnav_2_3021<br /><br />Omega was #100 on the NYSE leading loser's list. <br /><br />Energy names were prominent in the leading loser's list today. <br /><br />That leaves #3 but I have not seen anything on that issue yet after doing a google advance search with a one day time period. Possible reimbursement changes are invariably potentially problematic. <br /><br />If I can identify the cause, then I assess whether I may start to consider buying back the 50 shares recently sold in the Roth IRA at a price lower than the close today. <br /><br />2. Equity REIT Common and Preferred Stock Basket Strategy:<br />A. Sold 52+ OHI at $33.96-Eliminated Position in Roth IRA Account:<br />https://tennesseeindependent.blogspot.com/2017/05/observations-and-sample-of-recent_8.htmlTENNINDEPENDENThttps://www.blogger.com/profile/17444227958539559639noreply@blogger.com