I think it might really mean that they have the same number of shares but since VRX has dropped so much in price, further percentage drops in VRX have a smaller effect on the fund. When VRX was at $250 it had a much larger impact on what the funds total net worth was compared to when VRX is at $65 and drops by 50% - since VRX is worth so much less now, it has much less of an impact on the fund when it drops in price.
It's likely not in the top 10 since the stock has dropped so much that it is now a smaller percentage of the total dollars in the fund - they likely have the same number of shares but they are now worth a lot less
i don't plan to be around for the annual letter and meeting - their individuals who run sequoia have made an inappropriately risky bet that has now failed - this is dead money for awhile
per a wall street journal article tonight they havent sold shares, more likely redemptions so selling other stuff and raising cash
sorry to disappoint, but not a dividend that has caused this fund to crash - check out VRX, Sequoia's holdings included placing 28% of their total into this one stock which has crashed - just google VRX, check out their chart, the concerns being rasied, and you will see why this mutual fund has plummeted and the unhappy outcome so far
Possibly depends on how quickly it raises and how often as well as the credit quality. Bond ETF offers some stability (compared to stocks) and monthly income that if reinvested will continue to grow - people have been talking about the fed raising rates for a few years now, the question will be when and how quickly.
I own both, but in my opinion, I think the key differences are that the kmi officers put their money into buying new shares on the open market - insiders buying is always helpful for a stock since it indicates that they believe in this company and their public relations team goes forward saying that we will meet our numbers and have more than enough to cover distributions - it would be nice if clmt was as proactive; recently bought more kmi yesterday
I agree that volume is fairly low on the stock today, but since february 18th volume has been higher than usual and the stock has been dropping with that; it has now been down almost 12 days in a row - buy it when it settles out and bottoms some or sell naked calls at higher prices for some income or sell puts at lower prices if you want to own the stock - but for anyone who bought at 30, this stock is down almost 20% already and no one knows if this is the bottom or if it will continue to fall
The chart still looks down although support is likely around 24.5-25; i think it might be a reasonable time to buy and even a better time to write naked puts at 22.5 going out a few months; i think the real headwind is going to be what happens as interest rates start to go up, which the market will begin focusing on as the economy is getting stronger and not sure how that will impact all mlp's since they are capital intensive and will have to then compete with higher interest rates from bonds as an alternative investment class - right now bonds are so low yielding that everyone has been chasing mlp returns; clmt also has the additional issue of covering it's distribution which in my opinion wont get resolved for awhile
they added clmt to their sell list yesterday morning; would be nice to know why
I hope it continues up, but the chart looks like it is still in a downtrend to base building with support around 25.50 for the past few months; the stock often goes up when the market goes down since people look for yield; tax loss selling is also over - however the company likely will still have trouble covering its quarterly distributions because of weak cash flow which will hamper any upside movement until that is resolved
selling puts can generate income, but also losses and you should do some reading and look at the chicago board of option site since they have many tutorials available to help explain the concept; i like selling options on stocks that i would be willing to buy at a price lower than where the stock is currently trading, but that means you need the cash to buy at that price or if the option is underwater buy the option back and take the loss on the option - again this is a risky strategy if you cant afford to buy the stock or the option - what i like about it is that you are basically providing insurance and getting paid for it (the person who is buying the put option that you are selling is betting that the stock price will go down and you are betting that the stock price will be higher than the price that the option is exercised at or at least higher than your net cost) - nice strategy to make money but again read and understand how selling naked put options work