What's up with the MF analysis about MAIN? The points presented appear rationale, but if
they were so obvious, why is the market bidding MAIN higher? You would think the market
would value MAIN more in line with other BDC's, but it doesn't. What is the MF contributor missing?
Based on his view of MAIN, the next earnings report would appear to be disappointing with
a selloff. He focused on the reason for the short sellers activity with MAIN.
Main is considered one of the best BDCs in this sector. Any explanation regarding the recent price pattern?
Consolidation before the next move up? Seems like whenever MAIN reaches that 31.5 level or thereabout,
it drops down to just above 31 and then moves up again, repeatedly! I bought shares for a long term hold,
as I believe its valuation will increase even moreso as interest rates appreciate.
I have the same idea as you regarding the preferred and common as investments. It is interesting that the preferred price has the support level, whereas the common has dropped off a few cents. ARR is one of the higher paying REITs and with its div secured for the near future, I don't understand the sellers, unless they are
going after even higher yielding REITs ... or think there will be continued downward pressure on the common stock price. Both WMC and ARR seem to have their common stock price locked in a narrow range.
Is the preferred being traded at the discount it is due to the perception that the revenue stream is risky? I noticed that the divs on the premium were reduced. Still very generous.
I wonder why certain preferreds are traded in the low 20's range (teens tell me a larger
degree of risk). I could never figure that out.
I read on the DLNG website that 1099s are issued not k-1, no return of capital to lower the cost basis of one's holdings.
Who wouldn't want a 10 percent yield on a preferred whose price stays steady? What's the risk here, that the company stops issuing divs on the preferreds? Wouldn't the common divs stop first? I'd think with the new contracts, the revenue stream to maintain divs would be more predictable and reliable.
I wonder what numbers Yahoo bases its determination of yields for a stock.
At a share price of 23.04, the yield for BBN at .1318 is 6.86%, not 7.9%.
You would think that Yahoo finance would have software that would reflect the actual yield.
Given that BBN's dividend has remained the same for years, the only thing that changes daily is
its share price.
Some other stocks have incorrect yields also. Morningstar confirms that the yield on BBN is 6.84%.
I still wonder why BBN can move in different directions on the same day as similar munis such as
BLE and XMPT, although those are tax protected from fed taxes and depending on your state, possibly
from some state taxes, whereas BBN is taxed.
Should interest rates finally go up, as some predict in the next quarter or two, will the preferred
valuations remain unaffected? What was the explanation for the deep drop in the preferred price
last year? These preferreds are trading close to par now. Has anyone else noticed how the 52 week
price range for these preferreds as listed on the main summary finance page for this stock is incorrect?
Yes, something bizarre with the session I was on must have caused the display of Yahoo Finance to appear abnormal. Makes me appreciate the format as it is, and not for Yahoo to attempt to "enhance" it !! The format appears as it always has - easy to navigate.
Did this change just start today? The only way I have been able to get to the previous format of the message board is by doing a google search. From the window for the summary of an equity, I have to click on "community" to get to a message board. So far, the new format is not as easy to view, due to too much information being displayed. I'd rather be given an option to go to such a window with more information than for it to be presented to me. I don't understand why Yahoo does these changes. Maybe in time I will adjust to it.
If rates stay low, and other tanker companies struggle, would the revenue
stream of SFL be different to continue increasing divs and maintain a stable stock price?
I wonder if SFL's recent stock price appreciation was little more than participation with the
general overall market appreciation.
Since you mentioned ORC on this board, I will reply to you on the WMC board. What do you make of ORC's massive payout ratio of over 3000% according to Yahoo? From my reading of ORC's earnings report for February, it looks like leverage used is over 7, which I think is on the high side.
The Barron's article did say that even with a div cut to .35 that the yield would still be rich,
but also compared to the better positioning of agency reits. The drop in divs from agency reits
like agnc and hts have been no less steep than what has happened to WMC. Even NLY's divs
have dropped a lot. The opinion which was sobering was WMC's future ability to maintain earnings
as it has, and to maintain divs at the soon to be lower level. Any comments out there regarding
the future ability of WMC to be a worthwhile investment in the REIT field?
I wonder if anyone else bought today, at what they thought was "the low" only to see Trinity
continue to drop, lower and lower, and think about cutting the loss, as the drop was far lower
than you could have possibly expected? It's rare for a stock to drop so much in one day, barring
some unexpectedly horrendous news. Granted, the forecast was not good, but with the economy
as it is, weakness is not something that shouldn't have been a surprise. With today's price action,
at one point, I thought the only thing that was going to keep Trinity from dropping further was
I can't find the board containing the posts regarding cef munis, so I am here.
PSEC had a strong finish today after joining the majority of stocks across sectors in a big drop.
Even the banking sector looked horrible today, and the normally strong PGF dropped big.
Why would BBN (muni) drop while other similar munis (BLE, MUA) in the same family not react much?
Even XMPT, marked with a higher sharpe ratio than BBN, didn't drop like BBN. Today these funds
traded ex-div, so I can guess only that due to BBN better runup than the others in the past weeks,
profits were taken - BUT ... yesterday the day before ex-div, the volume was big, too.
Another brutal day for NMM.
Having researched BDC's, I came across that characteristic, and held off buying it over others, .... until I did, and then got hit. But now, after having been priced to where it is and with the recent earnings report, and view of the future, current price is a better buy than at the previous far higher price. Most companies, no matter how problemsome they are reach a point where valuation looks like a strong buy (NRF ???). At one time, MCC looked like a great buy. May sell it, most likely at its bottom. : (
So, that we don't use the SFL board to discuss another stock, is there another Yahoo board that would be more appropriate? IV is great for certain topics, but equity income has few contributions.
You paint an optimistic picture of PSEC. What about the other poster's comments about the potential problems regarding CLO's? (Yes, I added more PSEC earlier today.)
I still hold some SFL and PSEC, which is why your post got my attention. Both PHT and PSEC have gotten hit. What's up with the Yahoo message board for PSEC? Has it ever listed any posts? I see only error messages when I attempt to view a message board for PSEC - have never seen anything but "error." Amazing that SFL is still hanging in and paying divs. I got killed with the "steady" NMM. Held on too long. SFL is my last shipper holding.
After a long time of maintaining the same div level, what is the reason for what looks like a continuing downtrend in the div payout? What would reverse the trend? Even at this 6 cent level, the yield is still 8 percent, which is perhaps a reason why the price seems to have a support level. Good to see it back to almost 9. What concerns me is the trend - if divs continue to be cut going forward, there will be less reason to hold the stock.
Given the high yield from divs in WMC and AGNC, buying more shares is very tempting, but
the lower valuation of WMC suggests a different outcome with this than with AGNC, such as a bigger div
cut. Otherwise, who wouldn't want to load up now? More certainty with the preferreds. Have both.