XMFRoyal’s Activity

Yesterday

NL

Boards Post

XMFRoyal replied to the Jim Royal board. 6:20 PM

Re: Zayo Group to convert to a REIT

Well, that sounds pretty cheap, huh?

Jim

Fri Jun 15

NL

Boards Post

XMFRoyal replied to the Jim Royal board. 12:51 AM

Re: ENSG Update

Hey, Matt,

ENSG has fallen off my radar a bit, and I last recalled it being in the high $20s, so I was more than a bit surprised to see it in the high $30s today. Wow. It's made a strong run in the past couple months. So at this price [more]

Wed Jun 13

NL

Boards Post

XMFRoyal replied to the Jim Royal board. 12:13 AM

Re: Zayo Group to convert to a REIT

I'm not familiar with them, but if they've been saying this for a while (and sometimes it does take a while to get this done), what multiple to FFO/AFFO are they trading at? It may well price in a good bit of the conversion.

Jim

Tue Jun 5

NL

Boards Post

XMFRoyal replied to the Jim Royal board. 9:37 PM

Re: TFSL

Well, they just bumped the dividend 47% -- it's not surprising then that at this absolute level that the stock has jumped. In the low $16s is about the highest the stock has traded over the last year or so. But of course that's with the lower [more]

NL

Boards Post

XMFRoyal replied to the Jim Royal board. 7:26 AM

Re: CTRE

"CTRE now at $13 and a 6.3% yield. Looks like about a 65% payout ratio and 10x forward AFFO. Looks like an excellent place to start building out a position or adding more."

Well, this post from 4/20/2018 ended up being prescient. [more]

Tue May 29

NL

Boards Post

XMFRoyal replied to the Jim Royal board. 11:47 AM

Re: Proposed TFSL dividend

Well, they are growing EPS some, but much of that growth had to do with their buybacks, too. Buybacks appear to be a negligible factor going forward, perhaps unless the stock tanks and they see a good opportunity to buy back a big slug.

Jim

NL

Boards Post

XMFRoyal replied to the Jim Royal board. 11:36 AM

Re: Proposed TFSL dividend

My concern with the dividend isn't so much the bank's capitalization (and it is overcapitalized), but rather the perception and reality of the dividend being a sustainable dividend. If it's not perceived to be sustainable, then the stock [more]

NL

Boards Post

XMFRoyal posted to the Jim Royal board. 10:53 AM

Proposed TFSL dividend

https://finance.yahoo.com/news/mutual-holding-company-tfs-fi...

Looking to get waivers for $1 per share. That's starting to get to a pretty [more]

Fri May 25

NL

Boards Post

XMFRoyal replied to the Jim Royal board. 6:52 AM

Re: SMTA-WI, SRC-WI

Hey, srockaz,

Remember that this is a taxable spinoff. So typically whatever is the value of the spinoff at the end of Day 1 of trading is the taxable amount. Now, this amount is likely going to be small, currently less than $1 per share of [more]

Thu May 24

NL

Boards Post

XMFRoyal posted to the Jim Royal board. 11:30 AM

SMTA-WI, SRC-WI

These stocks have started trading when issued. SMTA is the garbage barge and it's trading around $9 per share now, after a 10:1 reverse split. This is the one that could really dip, and I'll be keeping a close eye on it from Day 1. Estimated [more]

NL

Boards Post

XMFRoyal replied to the Jim Royal board. 9:43 AM

Re: BIP

srockaz--

Yeah, I like BAM as well, and it's now on my list of stocks to buy during a recession. Management is considered great, but like someone posted, it's not exactly a dividend play, though you won't do poorly over time if [more]

NL

Boards Post

XMFRoyal replied to the Jim Royal board. 7:48 AM

Re: GPT

Hey, Brian,

I suspect they'll wrap this up pretty quickly, so I'd estimate one dividend.

FWIW, I'm continuing to hold my shares for now. If I could switch them to CTRE at $13, I would do it, but I can't (now). [more]

Wed May 23

NL

Boards Post

XMFRoyal replied to the Jim Royal board. 11:06 AM

Re: Another $300M stock buyback from CLNS...

Well, I guess they should probably have an authorization out there, given all the negativity on the stock and its low price, but it seems a bit contradictory to their statement that they're going to focus on debt reduction. Again, not ultimately [more]

Mon May 21

NL

Boards Post

XMFRoyal replied to the Jim Royal board. 3:28 PM

Re: XHR

To be clear, the end stages of a bull market are the last best time to sell lodging REITs for several years. If XHR were taken out at a similar multiple as LHO, that would make it a $30-31 stock. I think that's the limit of possible upside here [more]

NL

Boards Post

XMFRoyal posted to the Jim Royal board. 11:42 AM

XHR

Some background on lodging REIT takeovers for those of you holding XHR. Activity is heating up, and Pebblebrook is looking to acquire something after probably being spurned by LHO. Great for XHR, I think.

[more]

NL

Boards Post

XMFRoyal replied to the Jim Royal board. 7:22 AM

Re: SIRI Valuation?

Rob,

That valuation similarity is an odd coincidence.

SIRI is now 20x 2017 FCF. It's not stupid cheap but not outrageously priced for what they should be able to do. When I figure discount to NAV I'm usually working off the [more]

NL

Boards Post

XMFRoyal replied to the Jim Royal board. 7:12 AM

Re: SIRI Valuation?

Vince--

If I were owning anything more than my relatively small portion of any Liberty entity, then I'd care about voting rights. As is, I just pick whichever Liberty share class is cheaper at the time.

LSXMA has run up a bit [more]

Fri May 18

NL

Boards Post

XMFRoyal replied to the Jim Royal board. 11:41 AM

Re: SIRI Valuation?

Rob, I'm super careful when I use those automated valuation tools. Often they don't include very fundamental things.

BRK has been a buyer of LSXMK/A in the last year or so, and Malone is surprisingly good at engineering deals with [more]

NL

Boards Post

XMFRoyal replied to the Jim Royal board. 11:38 AM

Re: Some CLNS commentary

Rob, as I noted upboard a couple months ago, I think some of the implosion is likely due to poor diligence on the NRF units but also a crappy environment for institutional fund-raising, the latter of which they really should have known about as it [more]

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Big red star, 1000 posts Top Favorite Fools Old School Fool
Board Posts 4164
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