What podcasts say about Tim Melvin
Every statement, with the speaker, the exact quote and the moment it was said.
What Tim Melvin has said on podcasts
36 statements · 25 positive · 8 negative · 1 mixed · 2 neutral
U.S. community banks will decline to 1,000 or fewer.
“We're going to 1,000 or under, Toby. I mean, it's just – it's going to happen.”
Open the episode · Tim Melvin: Finding Value Where Wall Street Isn’t LookingListen at 4:55
Melvin recommends buying banks below 80% of tangible book value with strong credit and capital.
“I want to buy them 80% of tangible book value with negligible loan losses and lots of capital.”
Open the episode · Tim Melvin: Finding Value Where Wall Street Isn’t LookingListen at 6:06
Hoyne Bank’s equity-to-assets ratio is approximately 34%.
“These guys are at 34. They may be the largest in the industry.”
Open the episode · Tim Melvin: Finding Value Where Wall Street Isn’t LookingListen at 13:10
Hoyne Bank has negligible loan losses.
“They have no loan losses to speak of. They're very negligible.”
Open the episode · Tim Melvin: Finding Value Where Wall Street Isn’t LookingListen at 13:27
Melvin is comfortable initially buying banks at about 80% or less of tangible book value.
“if I can get this thing in an initial position around 80 or less I'm pretty happy”
Open the episode · Tim Melvin: Finding Value Where Wall Street Isn’t LookingListen at 15:15
Public REITs currently trade below the value of their underlying real estate.
“REITs are now cheaper than the actual real estate.”
Open the episode · Tim Melvin: Finding Value Where Wall Street Isn’t LookingListen at 18:49
VICI Properties is undervalued at an approximately 8% yield.
“for this thing to be trading at this price with this yield, which is, I think it's 8% now, is just ridiculous.”
Open the episode · Tim Melvin: Finding Value Where Wall Street Isn’t LookingListen at 20:43
Gaming REIT real estate should recover, with long leases supporting dividend growth.
“it's going to come back and this real estate is all a very long-term leases 20 years and more with accelerator clauses in the lease so there's kind of a natural dividend growth built into these things”
Open the episode · Tim Melvin: Finding Value Where Wall Street Isn’t LookingListen at 22:33
Cousins Properties trades below net asset value despite high-quality Sunbelt offices.
“Cousins property, CUZ, is a Sunbelt office read. And this thing should be trading at a massive premium to net asset value. It is not. It is trading at a discount to net asset value.”
Open the episode · Tim Melvin: Finding Value Where Wall Street Isn’t LookingListen at 23:08
Agree Realty yields approximately 4.79%.
“It's yielding about 4.79%.”
Open the episode · Tim Melvin: Finding Value Where Wall Street Isn’t LookingListen at 25:05
Real estate is substantially undervalued for long-term investors.
“Real estate is ridiculously underpriced from a long-term investor's point of view.”
Open the episode · Tim Melvin: Finding Value Where Wall Street Isn’t LookingListen at 27:58
Closed-end fund discounts should narrow as market cycles change and buyers return.
“Over time, nature will eventually, market cycle will change and buyers will come in and then capital narrow by itself.”
Open the episode · Tim Melvin: Finding Value Where Wall Street Isn’t LookingListen at 30:39
Boaz Weinstein will eventually succeed more often than not in forcing fund changes.
“And he's going to be successful more often than not eventually”
Open the episode · Tim Melvin: Finding Value Where Wall Street Isn’t LookingListen at 33:23
BPRE trades at approximately a 45% discount to net asset value.
“This thing is trading at about a 45% discount to net asset value.”
Open the episode · Tim Melvin: Finding Value Where Wall Street Isn’t LookingListen at 37:07
BPRE provides investors an effective yield above 13%.
“our actual yield on this thing is over 13%.”
Open the episode · Tim Melvin: Finding Value Where Wall Street Isn’t LookingListen at 37:55
BPRE’s discount to net asset value will narrow over time.
“over time, this discount is going to narrow.”
Open the episode · Tim Melvin: Finding Value Where Wall Street Isn’t LookingListen at 38:00
Private credit sentiment will improve, buyers will return, and value will recover.
“Eventually. Private credit stops being the poster child for everything that's wrong in the world. Buyers come back in. The activists are tiptoeing in a little bit. And the value is recovered.”
Open the episode · Tim Melvin: Finding Value Where Wall Street Isn’t LookingListen at 43:49
Melvin strongly favors the new $31 billion Ares BDC and its lending activities.
“This now creates a $31 billion BDC, the biggest one by far. I'll own that all day. I'm completely comfortable with owning anything that Aries is doing in the space”
Open the episode · Tim Melvin: Finding Value Where Wall Street Isn’t LookingListen at 44:57
Inexperienced private-credit lenders making poor loans will suffer losses.
“The players that have not been in the space that make stupid loans are going to pay a price.”
Open the episode · Tim Melvin: Finding Value Where Wall Street Isn’t LookingListen at 46:04
Heavily discounted preferred stocks should become profitable when interest rates fall.
“When they do, these heavily discounted preferreds are going to be pretty profitable.”
Open the episode · Tim Melvin: Finding Value Where Wall Street Isn’t LookingListen at 47:28
Fulton Bank preferred stock FUTP should rise above $20 when rates fall.
“When rates begin to come down, this thing's going to trade back up over $20”
Open the episode · Tim Melvin: Finding Value Where Wall Street Isn’t LookingListen at 47:53
Merchants Bank preferred stock MBIN should be called and refinanced if rates decline.
“If rates go down, because this one has the seven and five eighths coupon, it gets called. It'll get called at first opportunity to call and refinance it.”
Open the episode · Tim Melvin: Finding Value Where Wall Street Isn’t LookingListen at 50:25
Flagstar Bank will experience difficult years but survive.
“that bank's going to have a rocky couple of years, but it's going to survive.”
Open the episode · Tim Melvin: Finding Value Where Wall Street Isn’t LookingListen at 51:05
PFFA yields approximately 10.9% after a recent dividend increase.
“Now it's yielding 10.9%. And they just raised the dividend, by the way.”
Open the episode · Tim Melvin: Finding Value Where Wall Street Isn’t LookingListen at 52:39
Melvin strongly favors the bank subordinated-debt fund at its discount and yield.
“i will own this all day. This is not a space that you and I can ever get into”
Open the episode · Tim Melvin: Finding Value Where Wall Street Isn’t LookingListen at 54:29
U.S. market valuations are currently excessive.
“the valuations are ridiculous”
Open the episode · Tim Melvin: Finding Value Where Wall Street Isn’t LookingListen at 55:15
The S&P 500 is expected to deliver 27% earnings growth.
“We're looking for 27% earnings growth in the S&P 500.”
Open the episode · Tim Melvin: Finding Value Where Wall Street Isn’t LookingListen at 55:32
Micron and NVIDIA account for 36% of projected S&P 500 earnings growth.
“36% of the growth comes from two companies, Micron and NVIDIA.”
Open the episode · Tim Melvin: Finding Value Where Wall Street Isn’t LookingListen at 55:42
The broader stock market will eventually correct.
“eventually there's going to be a correction.”
Open the episode · Tim Melvin: Finding Value Where Wall Street Isn’t LookingListen at 55:54
Current-coupon CCC debt yields approximately 18%.
“current coupon CCC yields are 18%.”
Open the episode · Tim Melvin: Finding Value Where Wall Street Isn’t LookingListen at 57:13
Statements are attributed to the speaker as said on the episode and reflect their view at the time, not PodLume's. They are not advice.