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Resource Capital Corp. Message Board

AE_Savant 20 posts  |  Last Activity: Mar 15, 2014 3:38 PM Member since: Jan 14, 2000
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  • Reply to

    IRT 10-K is out

    by davisfoulger Mar 13, 2014 3:06 AM
    ae_savant ae_savant Mar 15, 2014 3:38 PM Flag

    Sheet looks good except higher sales cost. Seems there is a seasonal effect in operating costs. Book value looks strong.

  • Reply to

    Earning

    by customrail Mar 6, 2014 3:30 PM
    ae_savant ae_savant Mar 6, 2014 5:34 PM Flag

    Earnings don't matter materially to equities like this. IT is all about progress toward reaching potential and that is measured by benchmark events such as approvals, successfully executing testing phases, results of studies, and the underwriting of research, development, production, and marketing by a large sponsor.

    More important than earnings will be the conference presentations of new data next week and whether they draw attention from sponsors or interest in acquiring PPHM's product line.

    As for earnings, I expect a loss. But PPHM has enough money in the bank to cover the costs of its latest sunrise testing and that is what matters. The burn rate on cash can't be too high, but then even if it is, the key thing will be the attention drawn to its products from the research it reports.

  • ae_savant ae_savant Mar 5, 2014 10:05 PM Flag

    Or, short shares could be tinder when they cover from any news the company might release that is favrable for trials, bavi, earnings, cost of trials, partnering.... yeah, a lot of potential good news.

  • Reply to

    Is anybody concerned about the premium?

    by kylekneale Mar 5, 2014 10:50 AM
    ae_savant ae_savant Mar 5, 2014 4:20 PM Flag

    Keep in mind that book value increased 1 cent (albeit small) while having paid out the dividend in Q4. So the premium is not as much an issue as it might be given earnings were over 50% higher than expected.

    Instead, consider that NYMT may have to announce an additional distribution because future-looking statements are very positive and last quarter's earnings are in the bank.

  • The PPHM, she is strong.

    Closing at 3.15 today.

  • Let institutions buy at market.

  • Reply to

    Instituitional Buying

    by jay_scott27 Mar 5, 2014 2:41 PM
    ae_savant ae_savant Mar 5, 2014 2:55 PM Flag

    Yes. Institutions place market orders for large lots. If retail investors don't offer shares cheap, the price will climb quickly.

  • Reply to

    Awesome Earnings!

    by swobodams Mar 4, 2014 5:59 PM
    ae_savant ae_savant Mar 4, 2014 6:10 PM Flag

    Luv it. 11 cent beat is awesome. But then, NYMT has been playing the long side on rising rates and this differentiates it from other REITs.

    I would have been surprised if it didn't beat but 11 cent beat is 50% better than expected by analysts.

    Outstanding.

    Sentiment: Strong Buy

  • Reply to

    Earnings release

    by bacon2bacon Mar 4, 2014 7:23 AM
    ae_savant ae_savant Mar 4, 2014 5:24 PM Flag

    Rewriting final section about that special dividend?

    Say what?

  • Reply to

    PSEC

    by logicaldeduction Feb 26, 2014 10:40 AM
    ae_savant ae_savant Feb 26, 2014 11:39 PM Flag

    AINV is still on sale after the SPO they did yesterday. It still hasn't recovered from that but is inching up and is a buy under $9. Also has a solid balance sheet and gets good reviews as one of the best BDCs - BDC Buzz at Seeking Alpha is a good source of information for making decisions about BDCs.

    I have a ton of PSEC but it is struggling to cover the dividend. I still like it and will keep it but will unload when it hits around $11.30 or so. It is also a buy here as it took a dive from being made ineligible (bc of BDC status) for the S&P small-cap index. Other BDCs also dove as a result yesterday. AINV was hit twice - the BDC removal from S&P indices and the SPO so it plunged dramatically. Buy it here.

    TCPC is in play. IT is likely a sell again around $18 and I love that BDC. I will hate selling it and am having difficulty pulling the sell trigger on it. IF you are not in it, it is still good for a run to $18.

    FSC pays monthly as does PSEC but is the worst of these albeit not bad. It just hasn't had any legs to get to $11 much less the $13 it was enjoying a few years ago. If you can get it in low 10's or 9's, buy it. AT the current price it is a hold. I would not start a new position given what I know.

    And those are the BDCs in my portfolio - heavy in PSEC but looking to trim or sell if it gets to 11.50. Heavy in FSC because I bought too high for the yield a few years ago and have been averaging down. Started a new position in AINV bc of the bargain price and solid financials.

    I am a bit spoiled in the BDC space because PSEC pays monthly so I tend to favor monthly payers and that probably shouldn't matter to me as much as it does.

    As for RSO I have held it since 2007-8 and liked it then despite its struggles. It did hold up though while everything in the mREIT space melted down and many suspended dividends. SInce 2012 though RSO has been disappointing. I'm averaged at about 5.20 from buying on major plunges years ago.

  • Reply to

    all of you be careful tomorrow...

    by tguns4444 Feb 18, 2014 8:37 PM
    ae_savant ae_savant Feb 18, 2014 9:19 PM Flag

    LOL

  • Reply to

    TCPC

    by tulsadevlin Feb 18, 2014 2:58 PM
    ae_savant ae_savant Feb 18, 2014 8:11 PM Flag

    Not a high volume issue and yes I love TCPC but must part with it soon if it crosses $18. Hard decision to make so I will have to look for another BDC.

    Don't know what TCPC action means for other BDCs - low volume really. Other BDCs are moving on their own I think. Anyway, am shopping for a new one to take place of TCPC.

    Can't be PSEC bc I have loads of that too and it is getting toppy. Might have to look at some I haven't had before like NMFC and MCGC or even TAXI.

  • Reply to

    Double the Volume on Friday (2-14-14)

    by koleffstephan Feb 15, 2014 6:29 AM
    ae_savant ae_savant Feb 15, 2014 1:59 PM Flag

    Accumulation by institutions?

  • Reply to

    MCIG

    by jrogati Feb 14, 2014 2:51 PM
    ae_savant ae_savant Feb 14, 2014 5:11 PM Flag

    I have MCIG. Think it is a keeper. Just not as jumpy as the others but has a real business. PHOT is another. PLPL will be among the established ones by mid-year.

  • Reply to

    New To FSC

    by chance_pocketwatch Jan 8, 2014 8:19 PM
    ae_savant ae_savant Feb 13, 2014 11:24 PM Flag

    Welcome to the board Chance. This is one of the better boards.

  • ae_savant ae_savant Feb 7, 2014 4:08 PM Flag

    Yeah, sure you don't. But you may have to buy the shares you shorted soon enough.

    Here's hoping it comes sooner than later.

  • ae_savant by ae_savant Feb 6, 2014 7:55 PM Flag

    to beat shorts is for longs to buy at or above the asking price. So long as shares are in unsure hands, the shorts will win. Unsure hands always seek price discounts and so systematically bid below the ask and the shorts love it. That bidding habit of unsure longs just creates an inverse price momentum that serves the short interests. If you own a boatload of a stock being shorted, you are better off gambling it will go HIGHER and act in a way consistent with that belief and so force the shorts to buy the shares back and add to the firestorm of a rising price. If you act in a village commons manner as a long so that you seek the best 'bargain price' under the ask, you will surely hang with the other longs. And the shorts will create the momentum of doubt and avarice that suits them to cause a downward spiral.

    It happens ALL THE TIME. See PLPL and a host of other MJ stocks that have had reversals because of nothing more than 'long doubt'.

  • Reply to

    Jamen Shively on PLPL at Seeking Alpha

    by ae_savant Feb 4, 2014 10:36 AM
    ae_savant ae_savant Feb 4, 2014 10:48 AM Flag

    What volume? This is on-track to be the 3rd highest volume day in its history.

  • It's an investment, not just a trade.

    http://seekingalpha.com/pr/8857161-marijuana-entrepreneur-jamen-shively-discusses-plandai-biotechnology-branding-cannabis-and-legalization

  • Reply to

    What to do on monday??

    by jordanflorence Jan 31, 2014 6:32 PM
    ae_savant ae_savant Jan 31, 2014 6:43 PM Flag

    You are up so you play defense to keep your gains. Set a stop limit sell order at about 2.20. If it moves up instead, then watch for movement around 2.67. If it stalls, set a stop limit order at 2.50 to assure you stay up 100%. If it blows through 2.67, hold for 2.80's and sell half then. If you then are using just profits as your cost basis, you will feel better and you can always pick up shares on a pull-back with the cash you raised. That's what I would do.

    GLTU

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