See jk, now I can't understand why 4 red thumbs for you for just stating the most probable truth. People are selling and very few are buying.
I finally bailed on my MWE/MPLX this morning. Better to sell with a small profit that absorb another MLP loss. To think it was 4X current price 12 months ago., and of course I'll be dealing with recapture a year from April. Blech. Building what little cash is left in my holdings. So far this is worse than 08=09 for me.
Brad Thomas' new article on S/A this morning explains why he's not a fan of mREITS and the facts are obvious by his article. Of note, NRZ, included in the mREIT category outperformed 28 of the 35 mREITs listed with only 3 of those REITs in positive territory over the past year. NRZ is -5.22% lower, better than the other 28 mREITs.
New Moody's coverage of NRZ, rating B1 (corporate family rating, whatever that means) Outlook : Stable:
New Residential's ratings reflect the company's strong capital position, above average profitability and moderate potential volatility of cash flows. The ratings are constrained by the company's dependence on short-term secured funding, reliance on Nationstar Mortgage LLC (B2 stable) and Ocwen Financial Corporation (B2 stable), limited operating history and monoline focus of investing in mortgage servicing assets of legacy, pre-crisis originated mortgages.
The stable rating outlook reflects Moody's expectation that New Residential will be able to maintain its solid financial performance and strong capital levels without a material weakening in its liquidity profile.
jk: You mean like this article from Conoco last year:
ConocoPhillips Co. (NYSE: COP) rewards investors with a significant dividend payment. In the first half of 2015, the company paid a dividend of 73 cents per share in each quarter, and in the second half of 2015, the company paid a 74 cents per share dividend in each quarter. Adjusted for stock splits, ConocoPhillips has never decreased its dividend and has no plans to cut its dividend anytime soon. The company may be under pressure from low oil prices, but in 2015, CEO Ryan Lance told investors the company's dividend is safe and it will look elsewhere to cut costs. ConocoPhillips has already reduced its expected capex budget in 2016 to $7.7 billion compared to $8.2 billion in 2015. A lower capex is partially due to the company winding down a major expansion plan. This also results in more cash flow for the company, which is a major positive for continuing dividend payments.
They just cut their dividend from .74 to .25 per share quarterly. I think most of us learned our lessons with SDRL last year.
palestone: Go to nasdq dot you know what. It's a layout similar to the Yahoo summary page but on the left there are many more choices, like after hours and pre market. Good site.
CPLP a few small trades a/h at $4.00. Would rather see what it does pre market in the morning. Tonight's doesn't count for much. Barely 1k shares traded.
BDI is now at 310, by FAR it's all time low. How can any of those carriers make any money at those rates. I'd guess they're actually LOSING money
Bill, I think you're sending GSL soaring all by yourself. Now up over 15% on the day. Congrats. (P.S: I snuck a few into my portfolio a couple of weeks ago :~)).
The MLP distribution yields only seem unreasonable now, after the unit prices tanked. A year back the best were yielding 3-5% with the riskier upwards of 8%. Growth was .01-.02 per quarter increases, again, nothing that the DCF on most didn't cover. If the energy crash hadn't occurred that infrastructure would certainly be needed (it still will be but with CAPEX down so much it will be years before they catch up).