Search found 29 matches

by bobsmith
Wed Sep 12, 2012 12:38 pm
Forum: Ray Lucia & Non-Traded REITs (And Variable Annuities Too!)
Topic: The Ray Lucia Project
Replies: 7
Views: 20677

Re: The Ray Lucia Project

An update to this thread: Ray Lucia has been given a "Cease and Desist" order from the SEC for allegedly providing false information in his seminars and Buckets of Money books. The SEC filing is quite detailed and damning for the Buckets of Money strategy. There is no real mention of non-traded REIT...
by bobsmith
Fri Apr 06, 2012 8:10 pm
Forum: Apple REITs & David Lerner
Topic: $1.45 million in Restitution
Replies: 6
Views: 3060

Re: $1.45 million in Restitution

I have made an error. There are two Charles Cox's who have been SEC Commissioners. The first is Charles C. Cox, who served 1983-1989: http://www.compasslexecon.com/professionals/pages/bio.aspx?BioID=4" onclick="window.open(this.href);return false;. The second is Charles C. "Chris" Cox, who served as...
by bobsmith
Fri Apr 06, 2012 7:53 pm
Forum: Apple REITs & David Lerner
Topic: Ed Koch endorsements
Replies: 11
Views: 6127

Re: Ed Koch endorsements

Wow, a huge apology seems due in my part. There are two different Charles C. Cox's who have served as Chairman of the SEC. One is: http://www.compasslexecon.com/professionals/pages/bio.aspx?BioID=4" onclick="window.open(this.href);return false; The other is: http://www.bingham.com/Lawyer.aspx?ID=152...
by bobsmith
Fri Apr 06, 2012 6:23 pm
Forum: Apple REITs & David Lerner
Topic: Ed Koch endorsements
Replies: 11
Views: 6127

Re: Ed Koch endorsements

DLA is run by comically reprehensible people. Christopher Cox is supposed to represent something different - someone who served the American people for 23 years and who, supposedly, helped to make things better for us all.
by bobsmith
Fri Apr 06, 2012 5:44 am
Forum: Apple REITs & David Lerner
Topic: $1.45 million in Restitution
Replies: 6
Views: 3060

Re: $1.45 million in Restitution

While it is good that DLA is being fined and taken to task for their muni bond and CMO markups, I am a bit dumbfounded that the penalties are not more substantial. These are people who have engaged in, and been sanctioned repeatedly by FINRA for, deceptive trade practices for over 20 years. They get...
by bobsmith
Sun Feb 26, 2012 11:24 am
Forum: Apple REITs & David Lerner
Topic: Ads on REIT Wrecks
Replies: 4
Views: 2344

Re: Ads on REIT Wrecks

Not "end of story". The Non-Traded REIT firms can (and have) bought ad space through Google adwords in the same way that the guys offering to buy REIT shares through tender are doing now. Those NT REIT ads showed up here due to the content of this site. There is no discrimination against them or for...
by bobsmith
Sun Feb 26, 2012 10:49 am
Forum: Apple REITs & David Lerner
Topic: Just to make sure
Replies: 19
Views: 10772

Re: Just to make sure

Justlisten, Thanks for the reply. Fair enough on point 2 below - P/B is not all that reliable of a valuation metric. Points 1 and 3 are related and I am not sure we are using the same definition of "payout ratio". I am looking at the payout ratio of Dividends / FFO (or AFFO as appropriate), not net ...
by bobsmith
Sun Feb 26, 2012 9:21 am
Forum: Apple REITs & David Lerner
Topic: Ads on REIT Wrecks
Replies: 4
Views: 2344

Re: Ads on REIT Wrecks

Justlisten, This is a pretty tired rant that many others have made before you. The ads on this site are automatically generated based on your search history and the content of the blog. It is unsurprising that what comes up are related to real estate investing, REIT tenders, etc. RW is not affiliate...
by bobsmith
Sun Feb 26, 2012 8:42 am
Forum: Apple REITs & David Lerner
Topic: Just to make sure
Replies: 19
Views: 10772

Re: Just to make sure

Justlisten, I have a few questions for you: 1) Do you continue to invest in the Apple 9 DRIP? 2) Did you buy Apple 10? If not, why not? 3) Have you bought anything else through DLA? A comment on your valuation metrics. You use public company multiples to make your point. Can you point to a public RE...
by bobsmith
Thu Dec 08, 2011 6:27 pm
Forum: Apple REITs & David Lerner
Topic: Bond Overcharge Docket Available Again
Replies: 2
Views: 1729

Re: Bond Overcharge Docket Available Again

This is absolutely sick stuff. This is the kind of behavior that gives the Occupy protesters a very legitimate gripe - you just can't run around stealing from people in this way, David Lerner (and Ray Lucia and all you other "investment advisors" out there who think that ripping client's faces off i...