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Resource Capital Corp. Message Board

  • mysonchino mysonchino Jun 5, 2013 1:19 PM Flag

    Comparing Opportunities

    I think I may be picking up about 1,000 of RSO later this month (have to wait for the dividends to hit my account). I recently held 10,000 shares but sold off 8,000 just before reits took a hit. I guess even a blind pig finds a cob of corn once in a while. However, looking at the universe of income stocks I like NTI, which I just bought more of on Monday and RSO.Nti will probably pay a dividend somewhere around 4.00 per year averaging 2013 and 2014 and may very well have excellent pps movement. RSO may very well increase their dividend a penny 1st qtr of next year which will firm up the pps and hopefull move it up a little too.

    The seeking alpha article provided a lot of good solid info. The increased lending activity and balance sheet clean up make me think this is a solid income play. I don't think there is a tremendous amount of pps appreciation with RSO but current 12.8% dividend yields coupled with a possible 1.50 in pps movement over the next couple of years isn't a bad total return with steady income. As dividends hit the account this should be a good company in which to increase holdings.

    The recent mini correction has made everything cheaper so equity option income cefs are also attractive. Discounts have widened and yields increased. Owning these cefs also lets you sleep at night because you basically own the market and are receiving a 9% dividend. I like the Eaton Vance funds and also DNI. (i know ROC etc but if the 3 year total return exceeds the dividend then the roc has not been an issue. GLTA.

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