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North Atlantic Drilling Limited Message Board

bobdbeck 218 posts  |  Last Activity: Apr 24, 2015 9:48 AM Member since: Oct 7, 1999
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  • Reply to

    OT: Rates down, REITs up

    by marklibera Mar 21, 2015 12:10 PM
    bobdbeck bobdbeck Mar 21, 2015 12:33 PM Flag

    mark, gotta give you a second "thanks" for the ARI. Interesting article on NRZ at seeking alfalfa this morning with some great analysis. Anyone holding NRZ should read this:

    http://seekingalpha.com/article/3018246-new-residential-investment-understanding-its-msrs-and-stable-10-percent-yield

  • Reply to

    NMM....Huge end of day drop

    by bobdbeck Mar 20, 2015 4:32 PM
    bobdbeck bobdbeck Mar 21, 2015 11:37 AM Flag

    BULLHOCKEY Lakeed: There IS news? What makes you so sure of that? Same old, same old unproven garbage from you. Triple Witching Options expiration yesterday, plain and simple. Many stocks had very wild swings yesterday, both up an down. You know not of what you speak

  • Reply to

    NMM....Huge end of day drop

    by bobdbeck Mar 20, 2015 4:32 PM
    bobdbeck bobdbeck Mar 21, 2015 8:12 AM Flag

    Heck, the simple explanation is yesterday was Triple Witching Friday, and movements like those are all too common on triple option expiration days. Nothing else. (I'm an EXPERT on options, you know) LOL

  • Reply to

    NMM....Huge end of day drop

    by bobdbeck Mar 20, 2015 4:32 PM
    bobdbeck bobdbeck Mar 20, 2015 7:43 PM Flag

    NRZ also had a huge 1.25 million trade at the end of the day, only in that instance the stock price jumped nicely as it was in the red most of the day. Triple Witching Options at work

  • on likewise huge volume. Triple witching friday???

  • Reply to

    OT/MSB

    by jkprice Mar 20, 2015 3:13 PM
    bobdbeck bobdbeck Mar 20, 2015 4:05 PM Flag

    jk: been there, done MSB. Divvys too variable for me. Never know if you're going to skip one, get .06 or get a buck. How about a guess if there will be one paid for the month of April. LOL

  • Reply to

    MIC?

    by keebon Mar 20, 2015 9:28 AM
    bobdbeck bobdbeck Mar 20, 2015 11:48 AM Flag

    kee, I just threw in the towel and pulled the trigger on NYCB at a higher price, doubled my position. RE: RIG, NOT WITH YOUR MONEY. They keep on putting out very depressing PRs.: This from S/A yesterday:

    It's a rough day for offshore drilling contractors following Transocean's (RIG -7.1%) announcement last night that it will scrap four rigs and stack four more it previously had idled, taking a $300M-$325M charge.Most notably, the Deepwater Expedition, which was working for $650K/day in 2014, will be scrapped; overall, the number of rigs the company plans to scrap is now 16, with possibly more to come.RIG was awarded a $300K/day contract for one rig for work off the coast of Nigeria, and idles another rig.In cutting its stock price target to $16 from $17, RBC expects just 10%-20% of available rig days will be contracted eventually given current market conditions vs. Wall Street expectations for ~35%.

  • Reply to

    MIC?

    by keebon Mar 20, 2015 9:28 AM
    bobdbeck bobdbeck Mar 20, 2015 11:03 AM Flag

    I'm having trouble increasing my NYCB stake too kee.. The price keeps running away from me.

  • ATAX. This is from it's YE 10K. Federal tax free (so they say) based on what they invest in. Currently yielding just under 9%. They provide a K-1 but distributions are not tax deferred, they are non taxable for the most part. Long term history of dividend performance and share price stability. Not to be bought for cap gains as share price seems to have traded in a very narrow range since 1999.

    "America First Multifamily Investors, L.P. was formed for the primary purpose of acquiring a portfolio of mortgage revenue bonds that are issued by state and local housing authorities to provide construction and/or permanent financing for affordable multifamily and student housing (collectively "Residential Properties") and commercial properties in their market areas. The Partnership expects and believes the interest received on these bonds is excludable from gross income for federal income tax purposes. As a result, the Partnership expects most of the income it earns is exempt from federal income taxes. "

    Thoughts, especially mark?

  • Reply to

    WIN?

    by pay.back37 Mar 19, 2015 11:20 PM
    bobdbeck bobdbeck Mar 20, 2015 7:50 AM Flag

    I owned WIN for couple of years and the rap was always that they would not be able to maintain their dividend, but they always did, never missing a one, and always the same .25Q. They're now spinning off assets (a la NCT) into a REIT with a 1:6 reverse split. Win's dividend will drop to .15 a share and the new entitiy's expected divvy will be .60 a quarter but you'd have to do the figures to see how that compares to WIN's current payout without the reverse split and spin off. New company is CS&L and looks to be their fiber & copper land lines and other telecom assets being spun into it. WIN shareholders will get 1/5 of a share for every WIN share. Stock hasn't performed well over the years pricewise, being almost 50% lower today than 10 years ago, but adding in divvys has returned about 4.2% a year. Not too great. Remains to be seen whether a spin off with work with them as it has with NCT. Glad I got out years ago as it's gone nowhere and who knows how this will work for them. Personally I'd pass. JMO

  • Reply to

    NYMT declares

    by bobdbeck Mar 19, 2015 5:19 PM
    bobdbeck bobdbeck Mar 19, 2015 7:10 PM Flag

    LOL. Just being facetious DH. I think I started it about a week ago.

  • bobdbeck by bobdbeck Mar 19, 2015 5:19 PM Flag

    .27 dividend. Who was the wise#$%$ that started the UTF conversation?????

  • Reply to

    The Verdict

    by marklibera Mar 18, 2015 2:21 PM
    bobdbeck bobdbeck Mar 18, 2015 4:30 PM Flag

    My yahoo time line has been off an hour since daylight saving time. Like they never set the new time on the portfolio page. I won,t feel too bad if I lose a few bucks tonight at the BJ tables. Today was A~1 Iin my portfoilo. I HATE these IPads!!!!!

  • Reply to

    OT: More on the high yield vs low yield debate

    by marklibera Jan 16, 2015 12:08 PM
    bobdbeck bobdbeck Mar 18, 2015 4:23 PM Flag

    Payback..I own some preferreds but unless you have doubts about the future of the company total yield is almost always better in the common ,unless, as I did back in '09, you pick up preferreds in good companies when they,re selling at a 50% discount

  • Reply to

    WMC IS ALSO RATED A CURRENT BUY...!

    by staggman99 Mar 16, 2015 4:40 PM
    bobdbeck bobdbeck Mar 18, 2015 10:50 AM Flag

    mark, the bottom line is emotions seem to always get in the way of sound investing principles. I think we're all guilty of that. Now I'm off to A/C to let my emotions tell me to double down and always lose. Never fails.

  • Reply to

    OT: More on the high yield vs low yield debate

    by marklibera Jan 16, 2015 12:08 PM
    bobdbeck bobdbeck Mar 18, 2015 10:26 AM Flag

    DH, re: UTF they're showing increased earnings on the price of water, utilities, highway tolls and other infrastructure as the fees continue to rise. Heck, I just had a fight with my gas company as they raised my budget 5% for the coming year, even though I had almost a 30% overpayment for last year. I wonder how many customers don't even realize how they use your money for their gain every year. They were "kind" enough to reduce my monthly budget payment by $10, which still pizzes me off because that includes last month's brutal cold weather.

  • SDRLwas at $5.90 in December 2008.

    BUT it hit $28 in just 16 months after that $5.90 low....

    And it hit $38 6 months later...or just 22 months after the December 2008 low..

    ....wasn't that fun?..

    But, hey....oil selling for well below the average cost of production will continue on forever...right???

    'Cause this time...it's "different"...

    Me, I have a chunk of change put aside when I feel SDRL has hit bottom, probably somewhere around that $5-$6 area.

    Bob

  • Reply to

    WMC IS ALSO RATED A CURRENT BUY...!

    by staggman99 Mar 16, 2015 4:40 PM
    bobdbeck bobdbeck Mar 17, 2015 9:29 PM Flag

    Kee, when I bought UTF a number of years ago I put in in my set it and forget it pile along with ED and VZ.. Enrolled in the DRIP and haven't touched a share nor taken anything out. I would expect it to drop a bit when interest rates begin to rise but they have a nice spread of investments to cushion the volatility. It really trades in a fairly narrow range which is what I looked for when I invested. GL.

  • Reply to

    O/T NRZ

    by huffdaland Mar 17, 2015 6:45 PM
    bobdbeck bobdbeck Mar 17, 2015 9:23 PM Flag

    Good question, Volume over the past 3 weeks of trading has been way above normal. Is it institutions exiting (although someone bought those shares), is it shareholders bailing expecting a secondary momentarily...who knows. I expected a secondary already. I don't think they held enough cash on hand to fund the purchase totally. I'll sell you some of mine for $25 per.........

  • Reply to

    NAO IS SURGING AGAIN...!

    by staggman99 Mar 17, 2015 12:29 PM
    bobdbeck bobdbeck Mar 17, 2015 5:32 PM Flag

    Karen Finerman exited her SDRL trade today saying she was a bit too early to catch it's bottom. Don't know her cost but she did say she'd have a nice tax writeoff. I'd back off SDLP right now ANYTHING connected to the oil trade is very risky.

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