Is it possible we can see this thing turtle?
How much of the unexplainable compression in oil and gold is covert operations by the U.S. government to squeeze Putin?
I just hopped over to the MB to see what people were saying about today's volatility ... just look at the intraday pattern for the last five trading days and I see a tug-of-war between the shorts and the short-squeezers. Regardless, I'm throwing more money at it come Monday [after proceeds for options' exercises].
I just liquidated a large position in GE that I've held for six years in order to buy more RYL at $34.25; if you're real conservative, do a B/W to get it lower. [I won't be in a position to convert more until yr-end, when I hope it's trading no higher.] The shorts will toy with this until then and then likely switch back to pharma.
They go ex in two weeks and they report in five weeks.
They've gotten pummeled by KB's disappointment and I'm sure theirs won't be stellar. Even if they miss as badly, I can't see it dropping below 30 ... unless the SP500 drops below 1940.
I'm in it for the 'long-haul' ... Summer 2017 is my exit point.
Watching the Shorts brutalize a dozen of my holdings over the past year [causing me to 'panic' but twice], I wonder what target the Shorts have in mind ... 50? 45? [gasp] 40?
For the past six weeks, I've been acquiring with close-in, "deep-in-the-money" Buy/Writes but have substantial 'paper losses' to show for it. It seems I lose big when I re-write expiring calls at Strikes lower than what I wrote originally.
So what's a guy to do? My average cost is now down from $80 to $65.
I didn't misunderstand it ... I missed it, i.e. the March payout; fortunately, my wallet caught it.
So five payouts this year, the first at 20c and the rest at 23c. I'd call that a 40% increase.
Got it ... and thanks.
Must admit, I missed the announcement some months ago that BBT was sliding their latest dividend to a June payable from a May payable [de facto, an 8.3% decrease in the dividend].
So now I'm less happy with their dividend increase announcement at the same time, from 20 to 23 cents ... rather than a 15% hike, in reality we're getting less than a 7% increase.
But I'm still in for the long-haul, expecting it to hit $35 by end-2015.
Harvey, you're 85% wrong on your points 1, 2, and 6.
If they had phone lines and electricity, you would be able to call anywhere but eastern China and learn this. Or, you can fly into Shanghai, take the bullet train as far as it goes, and then travel 11 days to speak face-to-face with the folk you say have everything.
India, of course, is all screwed up. Those on the grid have brownouts at least 20% of the time. Need the revolution + 20 years to get it built out.
Now, having said that, I do think we're going to see single digits for CLF within 12 months. Having been there before with these guys, it's a BUY BUY BUY in the $7-9 range.
Once again, fredkane steps in it.
Not that I didn't tell you so ... a dozen times at least over the past three years.
I tried to tell everyone reading this Board ... "fredkane is scraping off his shoes and trying to feed it to you. Look at real rates of return, i.e. dividend plus price appreciation." And I made compelling arguments ... supported by facts and since validated in Spades... that you wanted to be in JQC rather than BGY.
I'm not recreating history ... go back and real my posts since 2009.
So here we are 36 months later. BGY has a 3-yr negative ROR while JQC's is 17%.
Sentiment: Strong Sell
I've been B/W'ing HCN for many years now and have been very happy with the long-term 25% ROR I've achieved.
But once HCN gained traction above $50 I switched new money to MPW, the "lower cost spread"; I've been adding to my position ... with is now more than 10,000 shares at an average cost of $8.95.
The ROR of 14% is unsatisfactory and the major reason is that covered call writing produces only a small fraction of what HCN had.
Anyone want to suggest how this could change in the future? To me, the only way I can get to a satisfactory return is with a buyout ... which I had hopes for two years ago, but which I no longer see happening.
Yeah, guys like you are my neighbors here in VA ... though one guy, after retiring from HON, decided to move to high desert Oregon. The rest of you guys from Morris Plains, Long Island, and the like are helping themselves to affordable housing around here. Sell their homes up there, pay all cash down here, and bank the other 50%.
See you soon.
You sure got a lot of flak from someone who doesn't know much about how the real world works.
But, for me [a retiree after 30 years ... the first four of which were at SOL-1 and AB-2], I can't agree with you more.
As for health insurance ... I, too, was pleasantly surprised when six months before turning 65 last month, I got a mailing from Extend Health saying "your prior employer has engaged us to help make your transition to Medicare stress-free." Couldn't have come at a better time as the third-party solicitations were piling up. Anyway, after two phone calls, they put me into a "triple-play" that expanded my benefits while reducing my cost by $100/month.
Granted the last five years on the job were brutal as Cote was making all the right moves after the Bossidy era [what a fiasco].
In retirement, I can look back and say ... HON, you've done right by me.
"PTR's website is great too, investor's relations, with all of their email addresses, of people who'll actually email back..."
You and I have vastly different experiences. Of the 17 ADSs I own, the transparency on PTR is by far the worst, SNY by far the best.
Sure I've tried www.adrbnymellon.com ... they're one of the sites that first said July 10th, then July 20th.
No, it's not a "Fidelity thing".
I'm clueless too. I've researched it for the past two weeks and, earlier this week, I thought I found a "confirmed sighting" for July 13th [two days later than last year].
But, as of 0600 EDT, it's not showing in my Fidelity account. If it's not there by 0930 ...
Nope. I don't understand how the ADRs are allowed to be traded in the U.S. with zero transparency. I guess being one of the world's most important companies, they can thumb their noses at U.S. regulations.
I'm a Fidelity client and they can't help me find out any info on these guys either. [I've been a holder for 4.3 years.]
And what about the latest dividend? Is there one?
If last year is any indication, the stock should have gone ex around May 20 with a Pay Date of July 11th. But I can find nothing about any dividend declaration.
Had been with this dog since its IPO at 20. Closed out position today after 4.9 years and an IRR of -5% with all dividends reinvested !
Tipping point came when they released data showing that, even after chopping the distribution, only 6% of the lowered distribution was met from Income and the rest came from my equity [ROC]. This is at a time when funds like this have been generating substantially improved call-writing incomes and closing out capital gains.
From their Press Release .... "The Fund estimates that it has distributed more than its income and capital gains in the current fiscal quarter; therefore, the majority of your resent distribution is a return of capital. A return of capital occurs when some or all of the shareholder’s investment is paid back to the shareholder. A return of capital distribution does not reflect a Fund's investment performance and should not be confused with ‘yield’ or ‘income’."
However you want to rationalize your investment, you're free to do.
Just don't expect your "dividends" to [meaningfully] outpace the erosion in price. That's been the history of this puppy for the last 2+ years.
Your "facts" are before your eyes. An example ... EBI ... will demonstrate the "super nova" theory.