Heck, if Trump were to send invites to every single female that Clinton had an affair with, the whole debate audience space would be over flowing.
I like SAVE, seems like more and more folks will be looking to save money on airfare as inequality gets worse and worse. Budget airlines will keep prospering, even as they also keep generating bad press as to all the nickel and diming they do to folks who do not read the fine print in the airfare contract.
My only issue with SAVE is it trades at a pretty high P/E as recognition of all the potential growthiness it has to look forward to. If ever there was another market crash though...
nyjets - A lot of BDCs are riding the edge in matching payouts with NII, so any extended issue will force their hands unless they have an ample supply of unused excess spillover to fill the gap temporarily.
One thing I would keep an eye on is a particular BDC reporting a spike in PIKs within their loan portfolio. They will report PIK as income even though it really isn't. Sometimes PIKs work out but sometimes it all goes bad, and then there are big write offs and decreased NII and so on.
Thus, a spike in PIKs along with a current payout that has little buffer from current NII would be a big warning sign for me.
Pretty much any statistic can be fudged in either direction to suit purposes. GDP, unemployment, etc. Any report that uses 'seasonal adjustments' is prime for manipulation.
DIS was a popular short during that time when everybody was predicting a steep revenue drop off on the TV side (ESPN and all that) due to cord cutting amongst households.
Brad Thomas is good for REITs. For higher yielding closed end funds, read Douglas Albo and Left Banker. Stanford Chemist also has some interesting articles. For MLPs, I like Factoids. He also puts out some good (data intensive) missives on various BDCs and other high yielding sectors.
Disappointing though that GILD has not participated with the market euphoria the past two days since Yellen chickened out. I will stubbornly hold my shares bought at $78 until GILD is back on the right side of $100/share.
wisejman - I would keep a close eye on the NYSE advancers/decliners chart to get a good sense for when this market will finally turn into a swan dive. You will miss the first few % points of the decline that way, but in the meanwhile you will not be holding shorts. That's my plan anyways. My only short was SJB, but when Fed announced no hike I knew all shorts were going to get blasted so covered. It is crazy though, junk bonds have never in history been this over valued on a fundamental level. When this bubble implodes it will be something else.
I would not shed any tears for Lampert. Private equity pukes always make sure they are taken well care of no matter what.
Santander is BIG TIME into sub prime lending. At some point they will implode. Defaults on sub prime auto loans is starting to tick up in 2016
The flip side of that coin is how much gasoline and distillate inventories are piling up. Bears watching now that summer driving season is finished.
How much can stated NAV be trusted though? I think that is why a lot of folks are discounting FSC from stated NAV a lot more strongly than other BDCs. It comes down to a trust issue as PIKs pile up and loan write downs (write offs) get more serious.
I think you made a good move reaping profits on NRZ. I am staying away from anything mREIT (or MSR) related during this interest rate roller coaster. Not sure how all of this will play out over the next 6 months.
GILD is one of the very few individual stocks I still hold, bought back in around $78 a few weeks ago. Figure at worst it might dip below $70 if market crashes. There is only so much cheap something can get.