Who had fun today? This is a thread to notify others of interesting opportunities that may arise from this market hissy fit. If you think it's bad.. wait until the apple muppets wake up from their euphoria-induced daydreams. Saw a little bit of that at the end of the day today.. I was waiting patiently for that stubborn shoe to drop. Anyways.. Since most of you are well versed with pfd stocks.. I was wondering what happened to dear ole cramer pump fav MHR... Their PFDs got the backhand today, hard..
I remember C and D trading much much lower a little bit ago (more than a year ago).. E wasn't around at that time.. Though you gotta raise an eyebrow as a company works throw the letters of the alphabet with preferred debt offerings.
Looks like it also hit GRH.. and oh my god.. GST has a series b pfd out there that has a cpn of 10.75%? Strange.. So looks like it was an across the board whacking of sheety little oil prod companies; i'll bet MILL had a good time too. oh yeah. mill had a great time.
All of these yieldy pfds and offshore driller share prices (RIG,SDRL,etc) stand to make the yields of mREITs look anemic. That said, I wouldn't go chasing any garbage pfd debt. Anything you all on here are looking at
never listen to they. they are wallet therapists.. minus the "the". Yes I used an old SNL joke to sneak in a little rap plus e. Stupid yahoo censor.. take it.
I have made money every day this month.
I had southern short see that
it was barely down
and i was short first 200k and utiltites ran fast up and that made me lose my conviction and magic i bought the top
now i was still net long but i had d, nee, and well whatever else was on the bottom performer magic
we rallied up adn then all that i had long faded but mfa was still good magic.
Utility indexes were down big, how could you not make money short? Even GABUX was down .11 cents today, its biggest down day of 2014.
they also sold over 3, 400,000 shares since June 30th. Busy little beavers they are.Wonder how much they put to work from that cash.
oh and I forgot to mention.. The short int figures are the reason why WMC is bid above closing price after hours
THE BODY OF THE POST IS COPIED
JUST ME UNLESS SOMEONE IMPERSONATING
CAPS ARE EASIER TO READ
IM TOO BUSY LOSING MONEY TO MAKE A REGULAR SENTENCES WITH ALL THE "GOODIES" (LIKE PUNCTUATION, AND PROPER VERB TENSES, ETC).
I WAS WAY NET LONG YESTERDAY AND DIDNT MAKE SQUAT
I WAS WAY NET SHORT TODAY IN UTILTIES AND DIDNT MAKE SQUAT
ORC is different from the rest in that they carefully select assets and do not destroy their NIM via overweight swaps. Short interest data was out today.. and WMC had a more than doubling of short interest.. which is interesting to say the least. I'm sure ORC also had an increase, but I haven't had time to go over it.
I still don't understand how many reiks there are.. There is one that USES CAPS WITH SENTENCE FRAGMENTATION.. and one that doesn't..
MBS WAS DOWN 1/2 PT ON THE QUARTER (USING 3.5'S HERE)
ORC - A HYBRID WITH FIXED, ARMS, WHOLE LOANS, ETC - NOW I DONT TRADE THIS ONE BUT HERE IS THEIR DATA FOR END OF THE QUARTER AND REMEMBER MBS JUST TOOK OFF TO NEW LEVELS THIS MONTH
Estimated Return on Equity
The Company's estimated return on equity for the quarter ended September 30, 2014 was 5.9%, or 23.6% on an annualized basis. The Company calculates return on equity as the sum of dividends declared and paid during the quarter plus changes in book value during the quarter, divided by the Company's stockholders' equity at the beginning of the quarter. The total return was $0.77 per share, comprised of dividends per share of $0.54 and an increase in book value per share of $0.23 from June 30, 2014.
SO THEY COVERED THE DIVIDENDS AND THEY HAD A 1.5% INCREASE IN BOOK AS WELL.
TRADING AT 1.02 P/B STALE P/B THAT IS SINCE BOOK PROBABLY UP SINCE END OF QUARTER FOR ORC AND OTHERS.
i have the blood of muppets on my wee-wee. Who else had fun today? I was fortunate enough to lighten up on CYS when the price was nice (8.85 WAP). Sold some AMTG at 16.21ish.. and sold more than half my RSO.. The other half I dealt with by selling the Nov 22nd 5 strike calls for .22-.25c. Awesome. That's a good one.
btw. DVDA is the name of a band that Matt Stone and Trey Parker formed.. Why is that gross mister?
If only they knew? If only I knew. I had to look it up. You must have an interesting video collection alkkov.
Third consecutive day of mreit love. Are we moving to BV? The volatility in the stock market is beyond ridiculous. Does anyone give a #$%$ about the Vix anymore? Oil is crashing and it makes you wonder if it is a leading indicator for the entire market.
ok, I'll repost a revised version of a repost summarizing my former post.
This is like the 10th time my post has been blocked with no indication of doing so.. I basically said futg goldman with sharp dhics.. and remarked on how the head of equities goes on tv and pontificates about where bonds will be. That's why you're the head of equities, go back to your corner. I guess it's too many naughty words. Mmayer can go get DVDA'd.
I bet they allow DVDA. If only they knew.
That is number 2 on this topic. Not sure where yahoo draws the line. I told the penny stock guy to eff off and the post mysteriously disappeared. I don't think it likes the word #$%$.
my posts keep on getting filtered out because I am a potty mouth. tell me if somehow you can see my posts, but I can't.. If this post is successful, it will be my second post on this page.. tell me if it is otherwise.
No lack of volatility today. Interesting to see a second consecutive day of mreit love. Doesn't happen often. It is trading at such a low multiple given the 10 yr at 2.33 one has to think the guys with their thumb on these markets are getting tired. Hard to bet the farm on it though.
I was listening to the Head of US equity strategy at GS say that the 10 yr would be at 3% by the end of the year. Ya have to wonder what planet he is on.
It is about time. I still can't believe it has dropped this much. Probably got thrown in front of the mREIT bus. Investors with weak stomach can't survive the stock market.
Posted this earlier but it got blocked from posting.. probably because it was 75% 'cuss words'. Something along the lines of this: About gosh darn time. Gosh-darn mentally disabled people.