iBankCoin
Stock advice in actual English.
Joined Sep 2, 2009
1,224 Blog Posts

Taking Profits – 20% Cash Position

Alright, there’s no sense to go crazy. The markets are busy making levels that haven’t been seen in years. My accounts are topping out, now brushing up against their old highs. There’s no sense being dumb.

I went through the positions (except AEC and RGR), easing each one up, until I got the cash amount I needed; dispersed equally across the lot.

CLP announced numbers, and the earnings were very good. However, funds from operations were down, which disturbs me. It could be a simple timing issue, as they just sold a few apartments, and haven’t managed to reinvest the proceeds yet.

Management claims FFO will be almost 40% higher from where it is today by the end of 2013. I’ll give them the benefit of the doubt for now.

Occupancy remains elevated in the multifamily space.

AEC reports February 5, I believe. I expect good things.

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6 comments

  1. Martin

    Regarding AEC, I know you have felt that analysts have misread their earnings reports in the past. No concerns that there will be a sell-off if that happens again? Or do you feel that the company’s numbers will have improved enough in a more traditional sense that the analysts can’t help but raise their ratings?

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    • Mr. Cain Thaler

      No idea. It’s possible we get to repeat the circus. But ultimately AEC’s cash flow more than supports the 5% they’re paying me to hang out and wait on them.

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  2. Martin

    Buying opp if so, I suppose. Good luck.

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  3. Fly Jr

    Better talk to your Fly friend – he’s advocating buying at the highs assuming they make higher highs. Guess he never met Mr. 2000 or 2008.

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    • Mr. Cain Thaler

      It is not 2000 or 2008. This is 2013, the Year of the Devil. VHC is going to $100, nuclear energy will consume the planet, and we’re going to be freaking millionaires – because we’re printing money.

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      • Fly Jr

        Reasons change but history tends to nearly repeat itself because humans make the same mistakes over and over

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