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Monogram Residential Trust Acquired For $12 Per Share In Cash
Monogram Residential Trust (MORE) announced that it has entered into a definitive merger agreement to be acquired by a newly formed perpetual life fund, Greystar Growth and Income Fund, in a transaction valued at approximately $3B, including debt to be assumed or refinanced. Under the terms of the merger agreement, which was unanimously approved by board, Monogram’s stockholders will receive $12.00 per share in cash. This represents a premium of approximately 22% to Monogram’s unaffected closing stock price on July 3. The $3B aggregate transaction value includes Monogram’s share of its two institutional co-investment joint v... -
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Bond Breadth Breakdown
One of the key indicators we track in our bond strategy analysis is global sovereign bond market breadth. This simply captures the proportion of global government bond yields which are trending up/down (vs their 50 or 200 day moving average). It’s just like stock market breadth. Quickly check out the chart below and you can see how it works by noticing when the 3 major bond market tantrums of the past 5 years occurred. The reason I bring it up is because after bond breadth crashed in the “Trump Tantrum” – although I prefer to call it the global reflation tantrum because it was more about the global growth rebound ... -
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Centamin Plc – A Dividend Company?
Precious metals mining companies are not income companies. In other words, the investors hunting for dividend-generating picks should forget about the precious metals sector. However, there are exceptions. For example, last year Centamin plc (CELTF), a mining company operating in Egypt (the Sukari mine), paid a very generous dividend of 15.5 US cents per share. Keeping in mind that Centamin shares are trading at US$1.96 a share, the dividend yield stands at 7.9%. Now, investors get accustomed to good things very quickly. I am sure that some of them hope that this year Centamin is going to pay a high dividend once again. However, I doub... -
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These Two REITs Can Be Safer Than Bonds When Rates Are Rising
I’m getting a lot of questions about real estate right now and, specifically, about whether REITs are as “bad” as many investors think when rates are rising. Nope. In fact, the right REITs can be better, safer and potential far more lucrative as interest rates increase. Including the two I’d like to share with you today. Many investors believe that rising rates are bad for real estate and, by implication, for Real Estate Investment Trusts or “REITs” for short. So they’re starving themselves of badly needed income by lightening up their allocations or abandoning them entirely. That’s a huge mistake – if you understand how t... -
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United Technologies Hits 52-Week High: What’s Driving It?
Shares of industrial goods manufacturer United Technologies Corporation (UTX – Free Report) scaled a new 52-week high of $123.15 yesterday, before closing the trading session a tad lower at $122.08 for a healthy year-to-date return of 12.6%. Barring minor hiccups, United Technologies’ share price has steadily been on an uptrend since mid-April. Despite its strong price appreciation, this Zacks Rank #2 (Buy) stock has the wherewithal to continue its upward trend with long-term earnings growth expectation of 8.5%. Growth Drivers United Technologies serves various end markets such as aerospace, defense and commercial construction, th... -
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Undervalued Cisco Systems, FCF/EV Yield 10%, Shareholder Yield 5%
Written by The Acquirer’s Multiple One of the cheapest stocks in our box is Cisco Systems, Inc.(Nasdaq:CSCO). Cisco Systems, Inc. (Cisco) designs and sells a range of products, provides services and delivers integrated solutions to develop and connect networks around the world. The company operates through three geographic segments: Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific, Japan and China (APJC). A quick look at the company’s share price history over the past twelve months shows that the price is up 9%, but my valuation below indicates that Cisco is clearly undervalued. Here’s why. eak_kkk / Pixab... -
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Don’t Do It For The Money – The Irony Of Why We Shouldn’t Focus On Money When Investing
Does Money Motivate? It is generally accepted that money is a motivator; if you link pay to performance, performance will improve. For that reason, many people’s salaries vary with their performance. This is most prevalent on Wall Street where bankers and traders receive most of their compensation in the form of incentive-based pay. In his book, “Drive”, Dan Pink considers whether pay for performance really works. Does dangling a carrot and threatening with a stick cause people to deliver better results? he research finds that this is not always the case. “Money causes us to focus on something that is irrelevant to the problem.... -
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Treasury Bonds Dropped Off The Leader List
On Monday, the Transports hit a new high. But let’s wait to get a weekly close at a new high before declaring a Dow Theory confirmation. The bears need to go to work on Junk Bonds if there is going to be a meaningful stock market decline. Yesterday’s bearish reversal puts the ball in the bear’s court. The Leader List Treasury Bonds dropped off the leader list. My guess is that it will be back on the leader list in a few weeks, but I do much better when I just follow the indicators. So, for now, I am dropping it according to the technicals. This chart does not look good for gold miners, but similar to the Transpor... -
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Get Ready For Some Wild Stock Market Swings In July
Video Length: 00:18:20 There are five popular Nasdaq stocks that are in trouble right now. In this presentation, I am going to go through the technical analysis charts of these stocks and the Nasdaq itself. Stock market volatility as measured by the VIX has been historically low this year, but that is now likely to change. We are going to have to adapt as stock traders to this new situation.... -
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Increasingly Confident GDPNow Estimate Way Too High
On Monday, following construction spending and ISM reports, GDPNow upped its estimate of second-quarter GDP from 2.7% to 3.0%. I am increasingly confident that its estimate is way too high. Let’s take a look at my reasons starting with the latest GDPNow forecast. GDPNow Latest forecast: 3.0 percent — July 3, 2017 The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the second quarter of 2017 is 3.0 percent on July 3, up from 2.7 percent on June 30. The forecasts of second-quarter real nonresidential structures and residential investment declined from 1.6 and 2.5 percent to 0.6 and 0.1 percent, respectively,...
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