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American Capital Agency Corp. Message Board

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  • faaqcee faaqcee Jan 17, 2013 12:26 PM Flag

    OT-NTI

    Wow.
    NTI shares down 4% so far today.

    Doesn't it seem fishy that such a high dividend was paid last quarter and before the CEO retires and sells his shares?

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    • It sure does and I dont see continuing dividend to come close to $1.40. A lot of that first dividend came from IPO overflow money.
      Be care care full and remember WHZ, IPO at $20 run up to $24+ and then down to $14+.

      • 3 Replies to ovicp
      • I just called the company and was told to check the sec statement of July 27th. .and she told me the next dividend would be .79 cents ,or 3.12 per year. Here is what the top of the sec statement says . We may not have sufficient available cash to pay any quarterly distribution on our units.




        • The amount of our quarterly distributions, if any, will vary significantly both quarterly and annually and will be directly dependent on the performance of our business. Unlike most publicly traded partnerships, we will not have a minimum quarterly distribution or employ structures intended to consistently maintain or increase distributions over time.




        • Restrictions in the agreements governing our indebtedness could limit our ability to make distributions to our unitholders.




        • The price volatility of crude oil, other feedstocks, refined products and fuel and utility services may have a material adverse effect on our earnings, profitability, cash flows and liquidity, and our ability to make distributions to our unitholders.

      • "It sure does and I dont see continuing dividend to come close to $1.40. A lot of that first dividend came from IPO overflow money."

        Not sure where you got that.

        "Be care care full and remember WHZ, IPO at $20 run up to $24+ and then down to $14+."

        This was not the IPO. Look at the PPS chart for NTI.

      • WHZ is a royalty trust due to expire in 2015;there is no similarity to NTI which besides the refinery owns a Mn.pipeline,light and heavy products terminals,storage tanks,rail facilities and a Mississippi river dock.Also owns 166 convience stores and it's own bakery.

    • I don't think the shares were sold by the CEO. Rather by the General Partner. CEO resigned (not retired) because he'd fulfilled his role, to spin off the refinery operations. Handed off to co-CEO who is an oil/refinery guy. I'm in, finally, with a small position, after chasing it up and down the last week or so. Glad I got filled on this last dip. :-)

 
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