Board members...I have all of these funds on the sidelines and waiting for a strong market pull-back to take advantage of it and the markets are running great...a lot of my holdings are on the fast track even after recent dividend payouts (SFL & SDRL)...I guess the way to make a profit is to put money on the side and then watch the markets increase in value (lol)...
I did add some NYMT (yield about 17%) early today and I plan to start a position in BDCL (yield about 15%) if I see a decent entry point...! $tagg...!
this is one of the biggest bargains around. I use dividend reinvestment to fatten up - 10% dividend is nothing to sneeze at. I've owned Ship Finance since the spinoff from Frontline, and have done really well. Just goes to show that market isn't always efficient!!
John Fredriksen owns a boatload (sorry) of this one, Seadrill, Golar and some others. He likes to use other people's money to fund his new-build program and then reap the dividends himself. What astonishes me is that more managers don't copy his style, especially with money this cheap. Also goes to show that business schools don't necessarily teach managers what is good for the shareholders. (just my opinion)
I was in the HEALTHCARE REITS last year (MPW,SBRA,SNH,OHI,etc) when they were paying above 6 and 7%. I sold taking the Capital gain as the Dividend dropped do to price increase. I've now returned to look at them and they've all dropped in price. I'm thinking of buying back in.
What do the Board members think of these at current pricing (and ObamaCare kicking in?)
JMO but I'm not taking on any additional health care stocks. (long time holder of HCP). Having the government jump into the medical field with both feet makes me too apprehensive. Look at what the government agencies did for the mortgage field. The goal is politics not profit. I'll watch from the sidelines.
I guess I missed the big pullback. Holding some cash and was going to add to my position in DIV and/or start one in MAIN. What does it take to #$%$ this market into providing some bargains?
Its coming guys...just wait for the debate over the debt ceiling...the govt shut down is nothing but furloghing mostly govt workers that no one cares about...unless you are one of them.
The big market downturn will come if Washington does not extend the debt ceiling, forcing the US into a technical default...believe me, you do not want that to happen, regardless of the bargins that may result.