"they" are Spiro Dounis at JPM, he basically downgraded the whole MLP sector. But I feel sure he emailed Barrons first or maybe he get his information (orders) from Barrons.
This should be a must read for all "investors" in the stock market.
Real nice smarta$$ , He ask a question and that was my response about the .10, Now stick your nose next to that tree.
The best buy I ever made was NCT. In 2007 I bought 1000 shares for about $25.00. It started down in about a week on no information, so at $18.00 I averaged down and bought another 1000 shares, the next week on no information it was down to $12.00, once again I averaged down on a 1000 shares. The next week the announcement came, NO MORE DIVIDENDS. I was one sick guy. Everyone in NY knew, but no one in Arizona had a clue. For what ever reason I didn't sell. The price went down $00.47. In the next few weeks it climbed back to $00.75, I bought 5000 shares, then $1.00 I bought 5000 more shares. Long story short I ended up with about 40,000 shares at a average cost of $4.10. Then one day I looked at it and I was up $1.00 and decided to sell, but I didn't, even when it got to $11.50. What an idiot. I always did dividend reinvestment so today I have about 43,000 shares of NCT and NRZ each. Plus a little over 2800 shares of New Media. I am so proud of myself for doing my DD and crunching all the numbers in 2007 to make such a wise investment. Who said buy and hold is a bad investment plan?
I cannot agree more. She may have raised the stock price but she lowered everything else. Especially finance and mail.
In addition to the yield, I look for a rebound in pps also. When everything is all said and done and we are able to look back this should be one heck of an investment.
I don't know if I am going to wait until April, but I am loaded to buy a chunk shortly. I cannot find anything that says we are in trouble, but if goes to 70 it makes for a nice yield number.
I bought this way back well below $6. When I did my DD I figured it would drift between #6-$7 for a while and I was really only interested in the diviy at 16% at the time. Anything over $7 is a real bonus. I have had it now for over two years and after listening to yesterday's CC, I hope to keep it for at least another two years or longer. I have reinvested the diviy and now up over 40%, At this rate I will have doubled up in less than 4 years. I just don't like downgrades for no reason.
I find it interesting that the only two guys with questions after the CC were from MLV and Laden. I also thought the questions they ask were already covered in the CC and had little relevance. Their actions drip of being absolutely phony. I wonder how many shorts sales there were yesterday?
I can't believe I completely missed that. Thanks for pointing it out, it will probably make a difference in when and how much i buy. I was waiting for next Tuesday but now I'm thinking tomorrow or Friday.
Exactly, sort of the wide broom theory. In reality I think they are really going after OCWEN strong. They are the ones most, if not all, of the complains are about.
I don't think the 5.5 million have gone on the market yet. If they were you would already see at lease 1.5-2 million in volume. It has been my experience SO's usually happen a few days after the x-date altho I'm sure that's not written in stone. I had already decided I was going to buy more and was waiting till after the settlement date.