m*****i
发帖数: 4342 | 1 This is very complicated. Basically, NCT was booked CDO at its market value
and booked its underlining liability at face value. So that really depressed
the book value for NCT, over the last several years, NCT's management was
able to buy back these liability at fiction of its face value.
Currently, NCT has three main sources of income.
CDO/Mortgage related investment
Senior Housing
MSR
MSR is very low risk and higher return. They will spin off this business to
share holders. Some of their earli... 阅读全帖 |
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m*****i
发帖数: 4342 | 2 Basically, NCT was booked CDO at its market value
and booked its underlining liability at face value. So that really depressed
the book value for NCT, over the last several years, NCT's management was
able to buy back these liability at fiction of its face value.
Currently, NCT has three main sources of income.
CDO/Mortgage related investment
Senior Housing
MSR
MSR is very low risk and higher return. They will spin off this business to
share holders. Some of their earlist investment yielded arou... 阅读全帖 |
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y*****l
发帖数: 5997 | 3 【 以下文字转载自 Stock 讨论区 】
发信人: minncai (minncai), 信区: Stock
标 题: my real estate holding NCT
发信站: BBS 未名空间站 (Mon May 30 18:41:18 2011, 美东)
Early this year, I sold all my real estate holding NCT, GKK, RAS with goof
decent gain. Especially, NCT and GKK.
Recently, I bought back NCT at a little over $6(Still under water right now).
The reason I like NCT is follows
1) Strong Cash flow from their CDO, and expect the cash flow will increase
next couple of quarters
2) Market dislocation gives management goo... 阅读全帖 |
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m*****i
发帖数: 4342 | 4 Early this year, I sold all my real estate holding NCT, GKK, RAS with goof
decent gain. Especially, NCT and GKK.
Recently, I bought back NCT at a little over $6(Still under water right now).
The reason I like NCT is follows
1) Strong Cash flow from their CDO, and expect the cash flow will increase
next couple of quarters
2) Market dislocation gives management good opportunities to invest their
Cash and buy back their CDO debt at deep discount. Management had proved
their ability to take advantag... 阅读全帖 |
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m*****i
发帖数: 4342 | 5 NCT had a split, it splited into two different companies NCT and NRZ so in
today's money the stock price should be 5.2 + 5.96 around 11.20.
I don't see NCT/NRZ could increase the dividend significantly in the near
future, so I sold it already, very very nice run. |
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m*****i
发帖数: 4342 | 6 That is O.K. I first bought this position a little over $3 and sold most of
them around the last earning report.
NCT is risky, but the valuation is still very compelling. I expect them to
make over 0.40 free cash flow each quarter in the next few years, if we don'
t have collapse of economic, we could see the double digit plus dividend
payment. NCT's fundemental is pretty good right now. |
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w**********o
发帖数: 1421 | 7 恭喜终于出水了
2011年01月10日
说说我的三个Real Estate Holding
Filed under: 股票 — blueice @ 11:04 pm
发信人: minncai (minncai), 信区: Stock
标 题: 说说我的三个Real Estate Holding
发信站: BBS 未名空间站 (Sat Jan 8 09:23:56 2011, 美东)
Currently, I mainly hold and swing trade three real estate holding:
GKK, RAS and NCT.
1) I like GKK just for one simply reason, strong cash flow each quarter.
I estimated the cash flow was around 20 million or 0.40/per share quarter.
Or 1.60/per year.
Biggest problem: They have around 700 million loans n... 阅读全帖 |
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l********l
发帖数: 9 | 8 出Stiga Intensity Carbon NCT 和 butterfly M.Maze Alc 都是横版
Stiga Intensity Carbon NCT 是今年年初买的，9成新，面材较硬，而且有碳层，所以
远台底劲很足，不过需要较大的力量才能打透，适合力量大，喜欢退台的人。
蝴蝶maze是去年买的，一直是我的主板，8成新吧，特点是软手感，控制很好，但因
为有纤维层的缘故，发力拉球兼有旋转和速度，非常全面。唯一缺点是退台后力量稍显
不足，但对于进台以弧圈控制落点为主的打法，绝对是一只好板。
由于最近想尝试新的7层板，所以出这两块板，每只55刀，两只一起买的话100刀，需要
的朋友可以email我： l********[email protected] 或者QQ我：85563110，谢谢啦 |
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l********l
发帖数: 9 | 10 Stiga Intensity Carbon NCT 是今年年初买的，9成新，面材较硬，而且有碳层，所以
远台底劲很足，不错需要较大的力量才能打透，适合力量大，喜欢退台的人。
蝴蝶maze是去年买的，一直是我的主板，7-8成新吧，特点是软手感，控制很好，但因
为有纤维层的缘故，发力拉球兼有旋转和速度，非常全面。唯一缺点是退台后力量稍显
不足，但对于进台以控制弧圈 落点控制为主的打发，绝对是一只好板。
由于最近想尝试新的7层板，所以出这两块板，需要的朋友可以email我： luoweicool@
gmail.com
或者QQ我：85563110，谢谢啦 |
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s******l
发帖数: 472 | 11 NCT已经走出困境，发dividend时会冲10. |
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P**H
发帖数: 2272 | 12 菜牛怎么看ABR？另外NCT和RAS是不是会受到升息冲击？ |
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P**H
发帖数: 2272 | 13 菜牛提醒的对，只看了一些报表数据，没有去具体去研究数据的future。NCT的EPS挺好
的，而且PEG也是我期望的，但还想观望五天，最近的量震荡感觉还可以横盘几天。谢
谢菜牛的Pick。
or |
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r*******e
发帖数: 62 | 14 minncai, should we keep holding NCT or sell it? |
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l********g
发帖数: 5070 | 15 那还能再SHORT？？我还是等回调LOAD NCT吧 |
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n********g
发帖数: 190 | 16 Cai 牛， 你是怎么发现NCT这样的股票的？给大家讲讲 |
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k********8
发帖数: 7948 | 17 yes yes, i'll buy some.
i went to hiking this weekend, too tired so didn't do any homework on NCT
yet.
damn I'm such a bad student! |
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H******e
发帖数: 4682 | 20 Why you prefer NCT than NLY? |
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h***2
发帖数: 2351 | 21 NCT的主营业务是曾经臭名昭著的CDO，CDO怎么又忽然变成香馍馍了呢？有哪位大牛，
能帮助解释一下？ |
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m*****i
发帖数: 4342 | 22 I don't know TA. NCT is very close to its true book value around 10.
What a nice run. They are supposed to spin off MSR business to share holders.
Pretty soon, some of US will own two REIT. |
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m*****i
发帖数: 4342 | 23 Kelvin:
Do you own NCT? |
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H**********1
发帖数: 3056 | 24 为啥没有季报历史？？不是美国的公司吗？
正在调研NCT，谢谢！ |
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M*****8
发帖数: 17722 | 25
.......................
NCT: BEARISH IF >~ 10.4700 |
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m*****i
发帖数: 4342 | 26 当然，他们有些投资也是不错的。 Management is one of the best.
不可否认，Leverage也是一个原因。
比如，6%的一百万不动产投资， 他们能够向Citibank借六十五万(like 4% for 7
years)。 他们所有增发生意全部包给Citibank，So citibank was making sizable
investment fee from NCT, 互相利用。 |
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l**********4
发帖数: 187 | 27 记得看到过NCT有关于credit的投资，比如CDO什么的，不知道对不对？ |
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j****b
发帖数: 58 | 28 Arlington Asset Investment Corp
Dividend is high, it is not REIT.
What do you think AI comparing to NCT.
Both of them are all time high. |
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a********a
发帖数: 428 | 29 有跌吗，不是一股12块的nct送1股18块的nrj吗？ |
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w*****m
发帖数: 20421 | 30 名菜，NCT怎么样啊，也算是个REIT了，EPS1.7来
今年6月释股从12刀下到5刀啦，是不是有利可图啊 |
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m*****i
发帖数: 4342 | 31 NCT will split into two new companies soon, one with Senier housing/legacy
CDO..., one with media(newspaper if I remember correctly) asset.
I have no idea how to Value the media asset. |
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w*****m
发帖数: 20421 | 32 NCT正在强撑着释股， 50M SHARES估计要卖几天，现在是强撑着
卖完估计会暴跌 |
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w*****m
发帖数: 20421 | 33 NCT真无耻啊，又发新股了，把GOOGLE FINANCE都搞坏了
好在觉得这家不靠谱，早早地抛了 |
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c********l
发帖数: 1292 | 34 不好好经营，天天瞎搞，多出来一堆玩意
NCT NRZ NEWM
又要搞狗日的 SNR, 这税怎么报？
当年可是名菜大牛的推荐，有什么最新指示吗 |
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a****u
发帖数: 851 | 35 你如果不在乎价钱，可以试试Stiga Rosewood XO，比Intensity NCT快一些，在
Rosewood V的基础上做了改进，虽没玫瑰5暴，但稳定性好，手感控制都一流，也是一
块极好的底板。在ttex.se比pp买便宜很多。 |
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p***r
发帖数: 4606 | 36 http://sports.yahoo.com/nascar/news?slug=truck03&prov=st&type=lgns
By Bruce Martin PA SportsTicker Contributing Editor
HAMPTON, Georgia (Ticker) Mike Skinner used the bump on the final restart to
knock leader Clint Bowyer's truck out of the way and went on to win Friday
night's NASCAR Craftsman Truck American Commercial Lines 200 at Atlanta
Motor Speedway.
It was Skinner's second straight NCTS win and 21st of his career. He won the
previous truck race at California Speedway three weeks ago.
ADVE |
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y*****l
发帖数: 5997 | 42 菜牛的NCT帖子就很好，可以拿来参赛了。
发信人: minncai (minncai), 信区: Stock
标 题: my real estate holding NCT
发信站: BBS 未名空间站 (Mon May 30 18:41:18 2011, 美东)
Early this year, I sold all my real estate holding NCT, GKK, RAS with good
decent gain. Especially, NCT and GKK.
Recently, I bought back NCT at a little over $6(Still under water right now).
The reason I like NCT is follows
1) Strong Cash flow from their CDO, and expect the cash flow will increase
next couple of quarters
2) Market dislocation gives management good... 阅读全帖 |
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y*****l
发帖数: 5997 | 43 ☆─────────────────────────────────────☆
updownlife (渔夫) 于 (Fri Jun 24 09:30:43 2011, 美东) 提到:
比赛办法:
*每个参赛人员选择最多2个股票, 按照所选股票的6个月总体收益排名,前三名获大奖,所有报名都有奖
*比赛时间: 7/15/2011 - 1/15/2012
*报名时间: 6/23/2011 - 7/15/2011
报名办法:
* 每个参赛者选择 1-2 个在美国时常交易的公司(or industry etf etc)
* 每个参赛者提供自己对所选公司的分析报告
* 每个参赛者提供自己对所选公司股票的中长期操作数据:
(1) 买入点价格 : 买入点可以在参赛后15日调整,15天后还没有合适买入价的话将按
弃权处理
(2) ６个月内止损价格：若无止损,可设此价格为0
(3) ６个月内卖出价格: 若无target, 可设此价格为999999
* 报名者回此贴或单独开贴并著名参加中长期选股比赛
* 报名时间: 6/23 - 7/15
* 报名审核办法: 由版务审核通过的报名... 阅读全帖 |
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y*****l
发帖数: 5997 | 44 【 以下文字转载自 Stock 讨论区 】
发信人: yaokarl (大象), 信区: Stock
标 题: [合集] 第一届公司与股票中长期选股比赛报名(800伪币大奖)
发信站: BBS 未名空间站 (Sun Jul 17 23:27:55 2011, 美东)
☆─────────────────────────────────────☆
updownlife (渔夫) 于 (Fri Jun 24 09:30:43 2011, 美东) 提到:
比赛办法:
*每个参赛人员选择最多2个股票, 按照所选股票的6个月总体收益排名,前三名获大奖,所有报名都有奖
*比赛时间: 7/15/2011 - 1/15/2012
*报名时间: 6/23/2011 - 7/15/2011
报名办法:
* 每个参赛者选择 1-2 个在美国时常交易的公司(or industry etf etc)
* 每个参赛者提供自己对所选公司的分析报告
* 每个参赛者提供自己对所选公司股票的中长期操作数据:
(1) 买入点价格 : 买入点可以在参赛后15日调整,15天后还没有合适买入价的话将按
弃权处... 阅读全帖 |
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a****u
发帖数: 851 | 45 如果你喜欢器材的话，这两块底板都值得尝试，有可能其中一块会适合你。这两块我都
打过，两块的共同缺点是击球力量不够集中，会感觉到击球力量散发在整块板子上，而
不是在击球点上，NCT发空，YEO发闷。比较这两块板，YEO制造旋转比NCT好，NCT的底
劲比YEO好，发力时NCT的力量才能体现出来，YEO控制稍为好些。总的来说这两块板都
有些特点，说不定你配的胶能打出好感来，但它们都不能好到能作为我的主板的地位就
是了。
人们换碳板是因为想增加速度和力量，其实很多人只能体验到碳板带来的速度和弹性，
由于球在碳板脱板块，大部分人是很难加上力量的，也很难制造旋转。也由于碳的刚硬
，但发力把球打到碳层时，回球的弧线便平直，使控制变差，所以现在都趋向使用碳和
纤维混织材料如ALC，ZLC，这些材料比单纯碳更有韧性，让控制，旋转和力量都能容易
产生出来。 |
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m*****i
发帖数: 4342 | 46 NCT just bought 1 billion senior housing from its parent company.
It expects to yield 6.5%, and will get a loan. They are targeting 17% yield
on their equity invested in this deal.
I already made enough on NCT:), you should listen to me on this one. I made
over 130% just a little bit over a year(including dividend).
This is why NCT is holding pretty well after a big secondary offering. |
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P****S
发帖数: 2457 | 47
——————————————————————————————————————
————
Stiga Hybrid Wood, 国内俗名“纳米碳王”，但此碳非彼碳，跟楼主在一楼所说的“
碳”是两码事。
正常意义上的“碳”，正如QQMJ版主所言，是在两木层间再插入一层可见的碳纤维，这
层碳纤维要么是网状编织碳层，要么是单向排列纤维，要么是无序的碳毡层。无论是哪
种，一般从侧面看都可见到一层黑色或蓝色的薄层。碳层的作用是增大底板的反弹力，
让出球更快，同时也有增大底板甜区的作用。
而Stiga Hybrid Wood这支九夹板，之所以被称作“纳米碳王”，是因为Stiga在粘合这
九层木的时候，在粘接用的胶水中混入了一种纳米材料“Carbon Nano Tube", 这个是
不同于一般意义上的碳的，去Google一下可以了解得更详细点。因为是在粘合剂中混入
了这种”纳米碳粉“，所以看板子是看不出来有碳层的，但打起来的手感就跟纯木有所
不同了。实际上，STIGA所有带NCT(Nano Composite Technology)的板子，都在粘合层
中加入了这种纳米碳粉，比如纳米OC这支板的四层粘... 阅读全帖 |
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a****u
发帖数: 851 | 48 我用过此拍，那时徐昕还没开始用呢，哈哈！是典型的Stiga硬木系列拍子，就是说和
玫瑰5，XO，Offensive NCT，枫木，黑檀等性能相似。其中和玫瑰XO最接近，速度比XO
稍慢，手感柔和些，但吃球很好，底劲也不错，声音爽脆，而且板子轻巧，是块好拍子
。很多人说那是Stiga的YEO（两者结构相像），但我觉得队业余来说，Intensity NCT
比YEO容易上手，YEO不易打透。唯一的问题是Stiga的拍子不够坚实，品控差些，也可
能跟它的工艺有关，我的没打几个月就坏了，板子里面可能脱胶了。但Stiga的拍子不
算贵，好打可以多买几个。像Intensity NCT和XO我都推荐业余的使用。 |
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a****u
发帖数: 851 | 49 你说的弱是指哪方面：速度慢还是力量不足？你用惯纯木拍，建议不要一下子换纤维板
，特别是ZLC纤维，太硬，球脱板快，你会一下子适应不来，加不上力量和旋转。ALC纤
维稍微柔和些，控制，力量和旋转都行（还是要看底板的设计），可以迟些尝试。我也
是用纯木板时间很长，擅长旋转和力量，我需要的是提高速度，我从烧板的过程中，体
会到纯木和纤维的各种优缺点。5夹纯木板突出旋转和力量，7夹纯木板改善了速度和借
力，有些面材选料比较硬的5夹也提高了速度，但太硬的面材令到借力防守容易下网。
纤维板则应该选择软弹型的，就是说能感觉到球打进去，然后被纤维弹出来的效应，本
人感觉ALC纤维在这方面做得比较好。ZLC比较硬，有很强的支撑力，但没有多大弹弓效
应，所以我不太推荐ZLC底板。
如果你嫌你的底板速度和力量不足，我觉得你可以试试Stiga Carbo 7.6（红黑碳王）
，如果不怕重可以选Stiga Hybrid NCT（纳米碳王，多数重90克），这两款力量很足，
支撑力强，旋转，速度说得过去，而且难得的是保持纯木手感，控制好，底劲也足，中
远台表现很好。其它纯木板子像Rosewood XO，Intens... 阅读全帖 |
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