I think its a shame that they cannot even estimate taxes until the end of March. I held FIG for a long time but finally sold because of the late tax filing. It was costing me too much in accountant fees for a filing extension. Why can't FIG be like other companies and be prompt with tax filings?? This will be my last year filing extension.
Any idea of what happened in December 03 that caused it to drop so much at one time. I wonder if it has a chance of getting back to 25 or higher in next five years as the economy improves?
I just bought a few days ago at 10.50, and in spite of all the bear talk I just don't see any long term risk. It is close to a 5 year low and I doubt will go much lower and stay there for any length of time. I have also purchased REM-JMI- and PSEC recently. I am hoping that with the good dividends these will all be a good choice in today's market.
I have owned FIG for several years and they estimated taxes in March, but do not issue the K1 until late June. My accountant would not accept the estimate so each year I have had to file for an extension. This cost money so this year sold FIG. If you use an accountant will they accept the Tax Guide or only the 1099. I do not want to buy this stock if I again must file an extension because of late 1099;s.
I purchased 1000 shares about a month ago and am up a fair amount. I never looked at the short interest only at the share price and dividend when I purchased. Are the shorts seeing something that I am missing?? I almost bought another 1000 last Friday.