After reading one your of DAR's posts in Oct while on a vacation trip, I purchased an additional 4000 shares of NSAM at 17.75. It paid for my trip ten times over. Thanks again for sharing your knowledge of NRF and NSAM. I greatly appreciate it.
I second your opinion about Davis. I have consistantly purchased RAS on dips based on my careful reading of his analysis. There are very few posters on financial boards as diligent and rational as he is. I am a loser on paper with RAS, since I started buying at 8.30, but I sleep well, knowing that Davis has made it possible for me to perform my due diligence and arrive at rational decisions regarding risk vs. reward. Like Davis, I have a buy order in at 6.50.
Doc is making highly accretive acquisitions with the money raised from follow on offerings. That is always good for the shareholders. At the rate DOC is growing, it is likely to achieve investment grade debt rating by the end of this year, and ultimately be priced with a yield close to 4%, like VTR and HCN. Once that happens, they will increase the dividend.
94% of the credit obligations are with investment grade entities, many of which are government entities. Read the presentations on the HASI website so that you may be better informed.
The revised guidance is lower than the rosy picture given last quarter, when NGLS predicted distribution increases in line with last year. Now they predict 4-7 % increases with 1.0 coverage. This is not bad, but quite different from last year.
The details on the shopping center properties is in the last report. They have not said what the planned size of these assets would need to be for a spin off.
YieldCo will likely own its own assets using unsecured debt, raising equity to purchase the assets that First Solar drops down. So it likely mean loss of future business with First Solar, but not competition.
Not to denigrate Brad, whom I respect, but he does not move the market this way. Over 4 times the normal volume suggests an institutional block purchase going on all day.