Have just 1500 shares of RSO now and averaged at low 5's. That's about a quarter of my usual weight in RSO that I kept for years and I haven't traded in and out of RSO in several years.
Am not really worried about the dividend but am not optimistic for much price appreciation.
I think FSIC is promising though I don't have any shares yet. I may get some after the x-dates if it should trade below 10.50. Regret not picking some up in the 9's when it was on my watch list.
I have just 1k shares of RSO as it has just stalled for ages now. Did well with it as I bought and sold some 15k shares over 6 years and held a core then about 3k shares. Not doing DRIP on it either now. Am holding as my basis is low 5's and would buy more if it were around 5.20 or lower. It treated me well but obviously has underperformed for several years now.
FSIC, OAKS, NRZ, ARP are on my short-term buy list. Picked up some OAKS Monday morning at 11.20, have buy orders in for FSIC, NRZ, and ARP at 1-2% lower than they are currently trading. All seem good values in a market where it is hard to find any discounted equities.
I have tons of FSC so am reluctant to buy more but the current price in low 10's is a deal and I did pick more up as recent as 9.80 just last week. Am sitting on some 3.5k shares that is about 2.5% of my portfolio and that is plenty for any single equity.
Started a position in FSIC at 10.45 and intend to hold and accrue shares.
I'm not a big expert on financing costs Kel, but I did take this away as prudent business practice - FSIC got their credit rating raised to BBB the day vefore they announced the issuance of the 4% notes. That just seems to be smart and increases confidence that while I'm no expert, they at least executed this in a manner that made sense to this novice.
Overweight as that is, it still may not be awful since BDCs are also diversified through their own investments. Now if you held just HTGC and other technology BDCs, I would worry more.
But yeah, 1/3 of anything in one sector is gonna make you walk like a duck. :)
You can file as many or as few quarterlies as you need. You are not required to file one each quarter but should file at the end of the quarter when your unexpected taxable income appeared.
I've done this for consulting income and for capital gains.
25 cent SPO haircut and 9 cent dividend haircut should price FSC at 9.80 or so at open and be an opportunity to buy at or below NAV and the SPO price.
It's not unlikely FSC could climb to 10.10 in 3 weeks and you can bank over 3 months of dividends with this action.
No, shares purchased (acquired) on ex-date are not eligible for the dividend, even if purchased during the pre-market. Shares sold however are eligible for the dividend.
So, no they shouldn't as their shares would not be acquired until tomorrow (the ex-date). They would have to hold for 30 days (next ex-div date) to be eligible for the subsequent dividend.
May be able to pick up shares in the 9's or low 10's. Check out the chart and pays monthly dividend.
Have held it since it went IPO and loved the divy and cap gains - sold it and buying again here.
Yes this pattern seems strongest when the market moves sideways as it has for the last month or so.
Great BDC that regularly beats earnings estimates. Earnings coming up in early august again and likely a beat.
Had 1500 shares ($16.+) and sold therm at $18 in late June while bringing in great dividends.
Thanks for the heads up clrodrick, got me 500 shares at 17.22.
Terrible day though picked up PSEC and HRZN on sale. Other buy orders didn't hit the price.
Lost some 20K in one day - most of that in MFs and ETF indices. Least hurt were the high dividend payers like REITs, BDCs, etc that I own as separate equities. Not the first time with such an awful day but they are not welcome.
Cash didn't lose value and bonds were largely flat or up nothing much. :P
Finance (namely banks) will lose the federal deposits and have to start offering higher rates for 'retail' deposits. Rates on machinery for energy will rise with new inflation numbers.
I do agree though the news should be viewed as good despite this. Maybe that will occur to more people in future trading? Right now it is sort of a self-fulfilling prophecy with all the bearish articles that have flooded the finance news/opinions for the last 3 months.
There are several reasons why to buy and equity and some are more compelling than others, of course. Like wormwench, I have held and traded NRZ since it was spun-off by NCT and found that trading range to be reliable.
So it may just reflect a bias among investors who have held the equity and watched its trend. I agree though that some of the core financials are weak. I think you'd agree that financials aren't always the major price determinant, albeit I would agree that price range and familiar trends are hardly compelling for a new investor.
So yeah, if I was new to NRZ, I'd stand-off but from my view and some old traders, NRZ now ate about $6 is a good bet.