I first bought OHI in 2010 at just over 20 bucks; sold a portion in 2014 at 38+ because it occupied a larger portion of my portfolio than I felt comfortable with. I recently bought back a chunk at 27.35 when the silly selloff occurred. And I've enjoyed 6 years of fat dividends. I wish I had other investments that had performed as well.
The corporate responses on Amazon leave me scratching my head. The gist of their explanation seems to be that they are reluctantly removing features in order to make the product compatible across multiple platforms. They "hated" to do it, but they were forced to. Apparently the competition managed to avoid this dilemma.
When more and more people start their tax prep next month, this thing could turn into a real nightmare for Intuit. Free upgrades might soothe a few ruffled feathers, but it's not going to fix the overall PR problem.
I'm one of those disgruntled customers. I've used TT every year since the MS-DOS days, and bought their products EVERY YEAR without giving it a second thought. This year, after finding out it would take TT Premier to work my simple return, I bought H&R Block Deluxe for less than 30 bucks. I loaded it and it imported last year's tax data from TurboTax without a problem. I suspect I'll be a Block customer from now on. Did they think they could bamboozle their millions of steady customers without repercussion? Apparently.
Sentiment: Strong Sell
NEP is now the symbol for NextEra Energy Partners, LP, a company headquartered in Florida. Apparently whoever assembled the article did a lookup on NEP and came up with China North East Petroleum. Funny.
Sentiment: Strong Buy
Well, I guess I was wrong about OHI staying close to 30. If you could buy some of the new issue at 30, that would be quite a bargain.
Go to the Summary page and look at the news articles at the bottom of the page. The article from Business Wire includes the email address of the underwriter (Jefferies LLC) which will allow you to access the prospectus. I haven't looked at it, so I don't know how many hoops you have to jump through to be included in the stock offering.
I suspect the new offering will keep the price within shouting distance of 30 until it's all completed.
According to one of the news releases:
"Omega expects to use the proceeds for general corporate purposes, which may include funding the previously announced pending sale/leaseback transaction for 56 facilities currently operated by Ark Holding Company, Inc. Completion of the offering is subject to customary closing conditions.
Jefferies LLC will serve as the underwriter of the offering. "
Looking at the OHI website, apparently they have had several similar offerings in the past. Probably not a big deal.
OHI is issuing 2.5 million new shares of stock at $30 per share. I guess that adds about 2% to the share float. Until this deal is completed, OHI will have difficulty rising above $30.
Looking at the long-term chart, a price of 105 looks to be a decent point to buy in, at least a partial buy. At that price, real yields on the 7-10 year TIPs will be over 1 percent.
T Bills are sold at auction by the government. The bills have a fixed value at maturity, so the more the bidders pay for the bills, the less they will receive as interest. So the interest rate for that auction is set by the amount bidders are willing to pay. The government web site treasurydirect DOT gov explains it in detail. The fed is buying a huge percentage of the current issue of treasury securities in order to drive interest rates low. When they stop, it will undoubtedly cause prices to drop and interest rates to rise.
Bond prices dropped slightly, and some folks seemed to sell their dividend stocks out of fear, like you said. My question is, what are they going to do with their proceeds? In the good old days, you could park it in a money-market fund for as long as you wanted, but that's a money-losing proposition now. They don't seem to be rotating into "growth stocks", as some analysts are suggesting. To me, dividend stocks still make the most sense, and I think a lot of folks are going to be buying them back pretty soon. I don't see that many good alternatives.
Congrats. The drop seemed bad, but so far only dropped OHI back to the price we were at about one week ago. I sold 40% of my position a couple of weeks ago, thinking OHI was getting ahead of itself. The question is, when to buy back in? I fear we are beginning a long period with investors trying to guess what the Fed will do next and when they'll do it. Both stock prices and bond prices may be pretty volatile for a while. Should be interesting.
Bonds & dividend stocks are dropping, but OHI is down more than most. I'm guessing some large funds are taking profits or rotating into something else.
Yeah, it's been a month since a real non-spam message has been posted. There doesn't seem to be much to do except wait for the next SEC shoe to drop. Even the perennial optimists seem to have given up.
A Federal Reserve governor is worried about what the bond bubble could do to the financial sector and the economy. He says historically banks have tended to put their money in longer-term bonds, which have higher yields, when interest rates are low, and those longer-term bonds tend to lose the most when interest rates rise. Can anybody else sense another bailout on the way?
Two points: (1) Whose policies caused the bubble through their zero interest rate policies? Hmmmm….
2) I wish somebody up there cared as much about real people as much as they cared about their banker buddies.
I'm not disagreeing with you, but folks should know that emerging markets tend to sell off when US "blue chips" sell off. I don't always understand investor psychology, but when fears runs the market, investors tend to sell all equities at the same time. Over the very long term, maybe it's a different story.