You're right. I posted the article and comment tongue in cheek. Eden's net worth is just under a billion but Lasry's net worth makes Eden's look anemic. :~). It's a personal investment for them.
The Milwaukee Bucks and owner Herb Kohl announced Wednesday that the team would be sold for a reported $550 million to a group led by hedge fund titans Wesley Edens and Marc Lasry. The new owners pledged to keep the team in Milwaukee and work towards building a new arena. Kohl paid $18 million for the team in 1985, resulting in a 12.5% annualized return for the former U.S. Senator (9.5% after inflation). The deal still needs to be approved by the NBA Board of Governors
Re: AKBA.Was watching CNBC on Monday when it was mentioned because of the UBS upgrade. Then, moments later they stated that one of the biggies, (jpm?) had projected a price target of $90 within a year. They all questioned the high price target and then went on to another topic. I watched it trade and it was still sitting around $18 bucks and I hemmed and hawed whether to take a shot and sell for a quick pop. I decided to pass as my luck is usually bad on something like this but within 1/2 hour it was UP about $4+. If I didn't have bad luck I'd have no luck at all.
The anonymity of the internet gives those who are insecure and with little knowledge the opportunity to post information without the threat of direct confrontation with their detractors. Makes them feel like "big men" when they know they'd be wetting their undies if they had to confront someone directly.
Vin, the main reason I went almost 35% cash a few weeks ago when this Russia thing all started. Preparing for the bargains (hopefully)
Now 15 consecutive days with numbers dropping, currently below 1,000 at 989. 30 days ago it was 1,621. Bad news for the dry bulk shippers.
Stagg: That's why I did it by the quarter. No telling that the next divvy will be back to .10 and bring it down by 5-7% on average. J-.46, F -.10,M-.25,A-.41, May -????? No history to project. You added in April (.41) to my numbers so if May is back to .10 or so (as was Feb) and June is .25, as is Mar. then the yield will be even lower for the 6 month period, approx. 11.76%. Not saying you're wrong but that fund in particular needs more history to give a better monthly/quarterly/yearly yield,
One reason I have stayed away from these "monthly variable payout" leveraged funds is one, the monthly dividend can fluctuate wildly (eg: DVHL has fluctuated between .10 and .46 over the past 5 months, and two, you really can't get a true yield because of this. You state DVHL yields about 18% but how is that derived? I took the Jan-Mar (mrq) payouts (.829 cents) X 4 = $3.316 year, which would give a forward yield of 12.73%, not the 18% you note. Of course it could go higher or lower but since DVHL has only been around for 5 months future payouts are even more uncertain as you can't go back to see how it's performed in the months with no history yet.
Just in time for this year’s grilling season, beef prices have risen to their highest point in 27 years. This has taken consumer and restaurants by surprise with relief likely not to happen anytime in the near future.
As cattle herds dwindle and the export demand increases from countries such as Japan and China, the average cost of retail fresh beef has climbed to $5.28 per pound as of February. That price was nearly 25 cents higher than in January and the highest the country has seen since 1987.
Everything being produced is consumed, said one analyst and prices likely will remain high for the next few years as producers of cattle start rebuilding their herds amidst questions about whether the Midwest and Southwest will have enough rain to help pastures replenish.
At the same time, trips to the local grocery store could take longer as shoppers search out the best cuts of beef that will not break the bank.
Restaurant owners must also deal with high prices. Menu prices are being increased regularly. Since the start of February, some restaurants have increased their prices by 5% a month. Some are trying to cut other costs so they do not have to pass along the additional cost of beef to their patrons.
Some restaurants are adjusting the portions of steak they serve making them look the same size but thinner to help offset the increasing price.
Some restaurants now are serving sirloin in 6-ounce portions compared to 8 or even 10-ounce portions that were previously served.
Fast food restaurants have trimmed cost through reducing menu items and offering other types of meats, including burgers made from turkey meat. Chain restaurants contain buying in volume, which means they usually receive better prices.
For one group, the higher prices have come as welcome news. Ranchers especially in Texas have for many years struggled amidst high feed prices and drought.
The cattle herds are the smallest in the nation since 1951
Well, Jeremy Segal was wrong on the 10yr bond moving down with a bad market day but dividend paying stocks certainly held their own all week.
No but my supermarket flyer just advertised USDA Choice whole prime rib at $4.99 lb. Gonna buy 3 and have the butcher cut into 2" steaks. Ummmmm.
they were interviewing Jeremy Segal, one of the most respected and intelligent economists in the world (Wharton Business School). He stated this market sell off is basically a rotation out of biotechs, story stocks, and hi techs, which have led the past year's market rally into dividend paying companies, which have been basically flat for the past year. With the 10 year this morning now at 2.61% he says if we have another down day today the rate will fall into the high 2.50% range, which is very, very good for the dividend sector.
Stagg, yes you are being too loyal to SDRL. That price target downgrade was from $40 to $30 and yes, I know they're late to the party on the downgrade but as I've indicated before, there's more than a blood moon on the horizon, more like blood in the water. On another thought, was watching Jeremy Segal (Wharton Business School, and a HIGHLY respected economist) on CNBC this morning and he stated that dividend paying stocks, which have been basically flat for the past 12 months will now become more in favor as investors rotate out of biotech and tech stocks, which have been the leaders in the market's rise the past year. As Mark always follows, the 10 year is down to 2.61% this morning and Segal stated if we have another bad market day today it will most assuredly fall into the high 2.50% range. All the more reason for the divvy stocks to begin to get stronger.
Keebon: Good news. NATDF closed HIGHER than NADL today. Only problem was NATDF traded exactly twenty (20) shares in total all day. They said NATDF would become very illiquid because of the exchange and today was a case in point.
keebon: didn't you learn your lesson. If you want to do that just buy NADL. At least it will be easier to get out of if you want to sell and the divvy is fractionally better. Closing spread today was .17 and I know you've been watching the spread.
You're aping the short position that's been preached for the last few years. HIGH DEBT. It's old hat as the company has maintained that HIGH DEBT for years and it hasn't in any way hindered their performance or earnings nor has it affected their ability to maintain and raise their dividend consistently. Superior management has positioned the company at the top of the sector. If you're smart you'll drop your "HIGH DEBT" mantra as it's only making you look like an uninformed basher. In addition SDRL has the vast majority of their rigs, of every kind under long term contracts, including the most recent GOM rigs just hired. Rates for those rigs have been equal to or HIGHER than past contracts so the supposed reduction of rig prices hasn't affected SDRL one bit. Go spout your short trash on RIG or DO boards. They won't be able to dispute your false and misleading statements.