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Linn Co, LLC Message Board

bigbear.2010 464 posts  |  Last Activity: May 24, 2016 5:20 PM Member since: Feb 7, 2010
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  • Reply to

    WHF declared qtr dividend of 0.355

    by thewisejman May 24, 2016 10:30 AM
    bigbear.2010 bigbear.2010 May 24, 2016 5:20 PM Flag

    wise, this is a tough call if you already have a nice profit in it. Since I am only up $300 on 3k shares I probably will hold thru the x-date unless there is a big upward pps movement. IMHO, at its current pps WHF is one of those unheralded gems like NRZ, that should be realistically selling in the $12.00 area. JMPO.
    da bear

  • Reply to

    Did pacman cove his short?

    by nunthia May 23, 2016 1:06 PM
    bigbear.2010 bigbear.2010 May 24, 2016 1:19 PM Flag

    Who know with him what is really happening.

  • bigbear.2010 bigbear.2010 May 23, 2016 4:04 PM Flag

    nunthia, My research indicates we will be fine if we buy in the $5 and less range. The divvy IMHO, will continue as is for at least another quarter or two. Management will continue to cut fees if necessary to make it happen. Everyone now is gun shy because of possible interest rate increase, which again, IMHO, will not happen in June. Economy is simply to fragile to handle an increase at this time. JMPO.
    da bear

  • Reply to

    GAIN

    by slicktop4 May 18, 2016 8:02 PM
    bigbear.2010 bigbear.2010 May 23, 2016 3:58 PM Flag

    Yes sir nunthia, that is my question also.
    da bear

  • Reply to

    Credit card balances near all-time peak

    by jfnh1 May 23, 2016 9:56 AM
    bigbear.2010 bigbear.2010 May 23, 2016 3:57 PM Flag

    slic, I have to agree with you. IMHO, is not financially sound to put money down on a car with today financing rates. . Purchased a new Prius, Jan of this year. My bank financed the total deal at 1.99% for 7 years. Well, there was a $15 fee of some kind added. I think it was to register the lien. I can not even steal money at those rates.
    da bear

  • Reply to

    They POP!!!

    by thewisejman May 20, 2016 10:22 AM
    bigbear.2010 bigbear.2010 May 21, 2016 10:21 AM Flag

    Mr.phil you are one scary guy, :) but seriously, I appreciate you words of caution. They are especially helpful to keep grounded a highly optimistic person like myself. The one thing that many, especially older posters like myself have to learn is that the day of the value-investor, that buy and hold person has passed. This is true, even in dividend stocks, maybe even more so. REITs, mREITs, BDCs and income funds can fall like a knife for no other reason than the sector has come out of favor or some other of a dozen reasons. IMHO, whenever the pps stability is questionable, take any capital gains from your winners when you can, even when it means giving up that good income stream, IMHO, you will be better off in the long run. JMPO.
    da bear

  • Reply to

    They POP!!!

    by thewisejman May 20, 2016 10:22 AM
    bigbear.2010 bigbear.2010 May 20, 2016 10:59 AM Flag

    wise or any other of you astute folks, WHF-($10.60 to $9.90-and TRCD-($10.60 to $10.10)-really got slammed yesterday. Is there anything other than the possible interest rate or the jet downing that I am missing that may have contributed to such a big drop. I have not seen anything negative lately, but I can occasionally miss an event or article. My thanks in advance.
    da bear

  • Reply to

    Anyone know any BDC's that invest in CLO's?

    by nunthia May 19, 2016 10:47 PM
    bigbear.2010 bigbear.2010 May 20, 2016 9:20 AM Flag

    ciro, that echos my understanding on CLO's. IMHO, they are not the place to be in this market.
    da bear

  • Reply to

    A BDC with a 17.58% yield and a 33.1% discount

    by thewisejman May 19, 2016 12:45 PM
    bigbear.2010 bigbear.2010 May 19, 2016 4:16 PM Flag

    0001, WHF's pps action today is unusual. Trading volume was extremely low except for a few larger sell orders and a couple of buy orders which came in towards the end of the day. Some body apparently wanted out fast and destroyed the pps for themselves and everyone else. Not the smartest way to get out of a position IMHO. Hopefully, today was just an anomaly.
    da bear

  • Reply to

    ABDC

    by thewisejman May 16, 2016 11:27 AM
    bigbear.2010 bigbear.2010 May 18, 2016 2:33 PM Flag

    wise, I understand your angst, but IMHO, if you take a deep look into convertibles they are not really the potential killer that everyone thinks they are. Granted the leverage is high, but that seems to be the norm for these type funds. I got started in NCV when I saw the pps had fallen significantly below NAV. Up to then it had traded at a premium to NAV. I did see the divvy cut is Sept, so I checked back and saw that they had paid that same divvy every month since the crisis of 2008. I thought that was a pretty good record and indicative that the new payout was going to be steady and reliable. I checked the payout and it has always come 100% from earnings and their appears to be a $0.04 surplus built up so far this year. This was really never meant to be a growth vehicle for me. It was a pure income play and at the time of purchase the 16+% safe return was hard to pass up. return. The capital gain just happened. Unfortunately, as it does it requires more margin dollars to support it.
    da bear

  • Reply to

    Wipeout!

    by arkygirl975 May 18, 2016 11:09 AM
    bigbear.2010 bigbear.2010 May 18, 2016 1:17 PM Flag

    you are a fkkg Loon. On to ignore you go.

  • Reply to

    It's broken

    by hanakookie May 18, 2016 10:59 AM
    bigbear.2010 bigbear.2010 May 18, 2016 12:19 PM Flag

    Yep, At E-trade I have the same figures as criquet98. IMHO, it has to be the system as those numbers do not make any sense.
    da bear

  • Reply to

    It's broken

    by hanakookie May 18, 2016 10:59 AM
    bigbear.2010 bigbear.2010 May 18, 2016 11:31 AM Flag

    hanna, E-Trade is at: Bid 13.40, Ask 13.37 at 11:26 AM today. Really strange.
    da bear

  • Reply to

    ABDC

    by thewisejman May 16, 2016 11:27 AM
    bigbear.2010 bigbear.2010 May 18, 2016 11:25 AM Flag

    Paul, I loved that stock and still do. It served me well and paid a great dividend, even when its pps drooped it was one of the few to keep up a steady payment. A 13.50+% divvy that is paid monthly is hard to beat. Even now, it is still selling at a discount to NAV which is an important factor to me as I simply I do not by funds with a NAV premiums. I could find little wrong with it and held it for a long while. My main reasons for selling were two. First, it had run up so much from where I bought it that I was setting on a $12k profit. I then had to weigh that no tax capital gain against the $7k in taxable divvies by holding it for another year. Secondly and probably more important was its margin requirement, which is over twice that of normal. Here a couple things began to come into play. Since I run a margin account, when I started to withdraw $2-3k on a daily basis a couple months ago to build up my cash position, eventually it began to take it's toll on my available open-to-buy. By selling, I took the immediate profit and more than doubled my ability to buy additional stocks. Realistically, I could now buy 225 shares of a stock paying 8% for every 100 shares of NCV paying 14% I held. If I was not on margin, I probably would not have sold. I realize that this is a long explanation, but I did not want you or the folks to think I pump stocks that I do not or would not own.
    da bear.

  • Reply to

    ABDC

    by thewisejman May 16, 2016 11:27 AM
    bigbear.2010 bigbear.2010 May 18, 2016 10:34 AM Flag

    Thanks phil, I am going to review your holding and see which appeal to me. I believe I will also start taking a profit where I can, if the sale makes sense. Historically, the summer months have not been kind to stocks and I am not really in the position, either mentally or financially to take another butt kicking like I did when I was heavily into MLP's. That scenerio almost put me in the poor house.
    da bear

  • Reply to

    ABDC

    by thewisejman May 16, 2016 11:27 AM
    bigbear.2010 bigbear.2010 May 18, 2016 10:25 AM Flag

    thanks wise, That makes sense. I can do that and still come out with a profit of about $2k, so it is, all good, in the end result.
    da bear

  • bigbear.2010 bigbear.2010 May 18, 2016 10:06 AM Flag

    yes sir, that was another important factor I forgot all about.
    da bear

  • bigbear.2010 bigbear.2010 May 18, 2016 10:00 AM Flag

    Actually clro, IMHO, there are a number of reason to go long FSFR. First as pac stated it is trading at a 33% discount to NAV. It pays a current 12.03% The portfolio is stable and the credit quality is above average. One major loan on non accrual will come off next quarter. Earnings almost cover the divvy. Mgt expects legal fees to drop substantially next quarter. That one seems question in my mind, but it what they said. JMPO.
    ciro, could you do me a favor and take a look at my post under wiseman's recent ABCD post and let me know your thoughts. thanks.
    da bear

  • Reply to

    ABDC

    by thewisejman May 16, 2016 11:27 AM
    bigbear.2010 bigbear.2010 May 18, 2016 9:43 AM Flag

    whoops, forgot to mention, 2k shares of OAKS. Here I stepped upon a landmine as it dropped 20% the next day after purchase. Sometime I set and think, while other times I guess, I just sit.
    da bear

  • bigbear.2010 bigbear.2010 May 18, 2016 9:29 AM Flag

    pas, thank you for the informational update. it is appreciated.
    da bear

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