I've had MEMP on my list for about 6 months (when SC4 mentioned it) and it's now come down about 13%. Might be a good "inflection point" (like that quote :~)
Sarge, Cramer was pumping all the Canadian banks last night. More flames on the fire. Agree totally with Vinny, re: stay away from healthcare presently. This thing has yet to blow up and who knows what the future will bring for the insurance stocks.
How about my daughter's friend who went for an eye exam yesterday. They insisted, because of Obamacare, they had to take her height and weight. Luckily they didn't insist on a pregnancy test before testing her vision. What next!
After a month of steady downward movement something has triggered an almost 4% rise in NRZ this morning. Lots of guesses but only time will tell. Company stated in last CC that they would have about .03 in undistributed income to pay before year end, which would make the next divvy about .20-.21, over a 10% increase.
Wally, something that hasn't been brought up recently, seeing as we're in December, is the tax implications of the NRZ spinoff to both companies. Most of us long term holders and many big holders are still in the dark as to the exact numbers that will be reported on the 1099s for NCT and NRZ as to cost basis. This could be impacting the trading of both companies in the past few weeks as holders try to decide on their strategies for year end tax planning. Hope some numbers people on the board will chime in with their thoughts.
keebon. One man's opinion in the article. My BDC (not BDI) theory is if the GDP continues to chug along, business continues to grow and show earning increases, and the economy is not in recession, then the BDCs will continue to perform. Most of them, are highly intertwined with companies in the general economy, they will perform in tandem. I watch for economic downturns to affect them. Picked up ARCC as the economy began it's recovery in '09 and am building a nice position in PSEC. Those are my two BDCs which I hold long term.
Stagg, if you think reading the earnings report was confusing you should listen to the replay of the conference call this morning. I"m more confused than you are and I came close to falling asleep listening.
chuck: Zacks is by far the worst of the ANALysts (if you can call them that). They openly copy other bloggers reports, make up their own numbers, are notoriously 3-5 days late in reporting news and relevant information on companies, AND have the nerve to charge for their services. I laugh out loud when any poster on the MBs quotes anything attributed to Zacks.
navy, totally agree. They have been talking about FRO going belly up for almost 2 years now and I don't believe JF would let that happen. Would have too many negative effects on his other companies and his reputation.
New Residential: A Directional Play On Interest Rates
Sentiment: Strong Buy
Prospect Capital was initiated with an outeperform rating at BMO Capital Markets. Highly asset-sensitive balance sheet and efficient use of its "nonqualifying" investment bucket, BMO Capital Markets said. $12 price target.