I have no idea why, but I really like this ginger picture.
On May 8-9, I made the following trades
- 5,455 shares of FCISX (mutual fund) for a total of $12,799.07 in my Roth IRA.
- This was an old account I had with Edward Jones that under-performed the market and paid less than a reit that also cost 1% management fee a year. I learned my lesson.
- 101 shares of Ventas (VTR) at $63.45 for a total of $6,415.40.
- Rationale: Strong future growth that is dropping because of the SNF and interest rate fear. Pays near 5% and has a huge pipeline.
- Biggest risk is govt healthcare change+CEO leaving the company. She's basically the Steve Jobs of the Healthcare Reit.
- 92 shares of Welltower (HCN) at $69.72 for a total of $6,412.19.
- Currently selling off Genesis, a large SNF, and using the funds for acquisitions and paying down debt.
- 2017 is basically a dead year after AFFO drops from selling SNF, but taking the right position to deleverage for future safer growth.
- Pays near 5%.
- 8 shares of Hormel at $34.51 for a total of $276.04.
- Rationale: Still in the sweet zone.
- 5 shares of General Mills at $57.54 for a total of $287.68.
- Rationale: Dropping and I'm buying.
- 10 shares of LTC properties at $46.62 for a total of $466.20.
- Rationale: Near 5% and near what I bought it the last time.
- 72 shares of Store Capital at $21.00 for a total of $1,512.00
- NNN lease like O
- Best Landlord in the secondary market
- From 2013 to 2016, AFFO grew by 30% (O was only 21%)
- Trading at 12x AFFO
- Lowest payout ratio (67%); O is 84.1%
- Pays 5.5%
- Why is it crashing?
- the Death of Retail is here even though the top 10 tenant only makes up 18% of STOR's revenue
- Gander Mountain declared bankruptcy. It makes up 2% of STOR's revenue and promised to pay even though they were about to go into Bankruptcy.
- Gander Mountain was bought out by "the Profit" from CNBC and there is hint that 70 stores will remain open.
- Should be noted STOR's revenue is made up of 15% retail and the majority are small 1-2 stores, not Spirit Capital with 8% coming from one retailer. 70% comes from services like arenas.
- 5.5% yield
- 2.5% organic growth
- 2.5% lease escalator
- combined a total return for 2017 of 10.5%, but Mr. Market don't care
- 3 shares of Walmart in my computershare
- Rationale: Why not it's 15% cap gains with a 3% dividend.
Total combined fee trading: $0.00. Forward dividends=$4,000.66. New Goal, increase Dividends to $4,500 by the end of the year.
Loaded another $3,000, but will probably wait for O to reach 5%. No point in working over 70 hours/7 days a week if you ain't going to use it.
Disclaimer: Long Everything except FCISX. Portfolio updated.