Fly has been a disappointment this last year. But at least in their case I get my 7% dividend and have been able to trade some of the shares between a range for added profit. My cost basis on the shares I own are around 7 dollars so overall with the divi they have been pretty good over the last few years. ATSG and AER are two of the few stocks I hold with no dividend.(AER I hold 50% of my shares and trade 50% between the ranges) This past 6 months the bulk of my profits have come from SDRL, KMP, and EEP. I sold out of OHI a little early after a double. If FLY does not start to show me some promise in the next 6 months I will finally move on after quite a few years. I bailed out of most of my SEP after a nice profit when their divi got down to 4% but that one kept rising after I sold. As far as ATSG hoping that this next earnings report gives them a kick start - I don't like the down trend that has formed.
My additional attention to my investments over the last 6 months seems to be paying off but we will see if it keeps up over the next 6 months. I continue to find some short term opportunities which is a definite change to my investing style as about 1/3 of my money goes in and out of a group of stocks like GM that I just jumped back into yesterday after I took my profit a little bit earlier on their well advertised woes.
10 to 20 years out - are you insane. Tough enough looking out 6 months and figuring out what to invest in.
For today this company looks like a good long term investment, However even great companies and great stocks can get overvalued - which is a good thing if you own them - you just need to be able to sell as easily as you bought.
The problem is that people read these articles and make financial decisions on them often overshadowing investors that actually do accurate research. So much of this borders on manipulation and seems to be a method to allow for profits by just writing an article slanted in favor of making a profit. I for one try not to read them at all - waste of time fact checking - and the only use is seeing how they move the herd to effect a stock price short term. The real shame of it is that people are getting rich with this methodology.
Definitely late to this name but I think I see some money can be made. Hard to catch the bottom of a downdraft but I am taking a chance. I will double up once if it continues down.
It is a shame we have some sicko's on this board looking for attention with their non-related posts.
stockman - you make a good point - except this is being done in premarket as if someone really knows something. A lot of the downdraft was the effect of the Portuguese bank worries of BK.
lets not get carried away. This upward trend ends when it ends - no one knows when that will be. Some of the expected good news from next year is already in the PPS.
In certain industries their is "good debt" it is part of the business model. If a company only bought their rigs for cash they would have activists all over them - especially when money is so cheap. It is up to the investors to decide on the level of debt that is sustainable. In this case the extra debt was a decision to have the latest and the greatest to get the best margins. I believe that is working!
I was happy when we broke 80 but when the 50 crossed the 200 I had to add more. Now I wish that I had added even more. I don't like going over 20% of my total portfolio on one stock - but this one short term looks like it warrants it.
I would be just as happy if they leave it at 1 dollar and pay down debt with any extra cash flow. As much as a rising divi over time does great things for a share price - that is nothing compared to what happens if they have to cut the divi later. I know they have a tough year coming up and believe they will make it through with the divi solid and when that happens and it becomes clear that the divi is solid as the future looks brighter the yield will come down to 6 to 7%(PPS rising to result in this).
Tough to sell a company that is rising trying to catch the top. I have done it too many times and now try and wait for a stock to break its uptrend. This way I never catch the top - but don't leave a lot of potential gain. SAN is a very different investment then Alcoa. Moves a lot slower but should have much better protection during a downturn which at some point will come and you will collect a nice divi if your timing isn't perfect.
I don't see where Cramer said that. I watched his quick comment off the top of his head that NYCB could possibly cut their divi but nothing about what your comment said.
Do you know how low it will go? You need to pull the trigger at some point. With the geopolitics right now I am leaving some dry powder - but have already bought a few companies at prices that I haven't seen for a long time. I know I won't catch the bottom - but don't want to miss the opportunity. I don't think Charles will be upset that he bought at 15.45 next week.
Thanks ikie - it was in the BAC note not in the conference call. This fear has been around for a while - does it become so important at 2pm yesterday to effect the price so much?