I like NMM as my one of my "fill-ins" between AGNC runs.
NMM is up almost 2% today.
I know so are many others, I'm just bringing the fact to light,
NMM has, in the past few quarters, had very nice run-ups going into the ex-date.
NMM has yet to declare,
The concensus says its .4425 dividend(12.25% yield) is safe for this quarter
and into the foreseeable future.
NMM breaks 15 this quarter, imo.
That's close to another 4%.
Anyone like NMM?
I couldn't get the reply to work for your last post .... oh well.
I am expecting to hold, yes. I really haven't played the run-ups much on anything .... maybe a couple times with AGNC or MTGE. Mostly, I just take the divvies unless: I lose faith in the stock, or I just gotta take the gain like I did with NTI.
My strategy is to have a base of high divy stocks [BDC's, MLP's and REIT's] and go in pretty large when I find something that I believe has potential, but even then it has to pay divies 'cause I could be wrong. Last year I went in on MTGE and this year on NTI. I have 30,000 shares of WMC right now 'cause I think there might be $3 - $5 on the table plus the divvies. If I find something better, I can pretty much sell most of the time 'cause I'm already up over a dollar.
Thanks for the reply Ray,
I thought EVERYONE has me on ignore or something.
While I think NMM does break 20 again,
I'm not sure when,
so I'll play the runs for now.
Low 13s to high 14s(~7.5%) is a nice stipend each quarter.
Maybe I just might hold some past ex this time around.
It sounds as though you are going to do the same.