NATDF traded 1k shares all day at 10.45. NADL trading now at 10.98. You'll probably take a haircut unless you get lucky and share price gets close to parity so really right now no downside for you if you hold.. As stated before, if it were me and I saw the share price closing I'd sell and get into NADL. JMHO.
Mark, the corner may have turned on NRZ. with 2 special divvys now over the last 3 quarters looks like their earnings are revving up to the expected predicted numbers. I think they've been playing it cautious by not increasing the dividend and paying the excess earnings as a special.
Fidelity Contra Fund has been a steady performer for years. 0.67% expenses. Of course you're rolling the IRA into another self directed one. You might think about converting it to a ROTH and paying the taxes up front, if feasible. I'd consult a tax advisor in any event. Spread it around into funds in the areas you noted. Be wary of the biotechs - boom or bust. JMO.
Perhaps the reason NAO jumped $2.05 a/h Huff.
Yea, falling apart fast BUT played 2 rounds last week......91 and 86 BUT......relegated to the senior tees. :~(. So the shoulder is not holding me back anymore. Now if I can stand up without spinning around because of the ear I'll be just fine :~). Happy Father's Day.
P.S. See Parsley going down. Turbo filled in his 100/1000 share order to the full monty and of course the old buy high sell low came into play. LOL
kee: I owned a sizable position in NAT in the late 2000's when the shipping industry was in it's glory. Did very well with it. I noted on the new NAO that after closing at $15.50 on friday after hours it had a sizeable bump to $17.55 (+2.05). Couldn't tell the volume on that a/h action. Yahoo also shows the .45 dividend in it's historical prices.
I'd say 10% yielders are a heck of a lot riskier than a 5%er. I'd suggest a ConED (ED) or a Verizon (VZ) both yielding around 4.5%. Even ATT (T) is throwing off 5.3%. Might want to split between two or three. 30k should throw off about $100 month in income relatively safely. JMO. I've held all 3 for 30-40 years :~)
That is correct. Most of the short shares (25 million) as of 5/30 will make a nice BBQ in the morning and beyond. Those lucky ones that saw the news earlier will most assuredly have covered but the vast majority I'm sure are having a nice peaceful dinner, not knowing what awaits them. LOL. NAV is about 10.63 so I'd expect possibly to get there by week's end. would be nice...Good luck to all PSEC longs.
NEW YORK, NY--(Marketwired - Jun 10, 2014) - Prospect Capital Corporation (NASDAQ: PSEC) ("Prospect", or "we") today announced that based on our discussions with the staffs of the Division of Investment Management ("IM") and the Office of the Chief Accountant ("OCA") of the Securities and Exchange Commission ("SEC"), Prospect will not be required to restate its prior period financial statements to consolidate certain wholly-owned or substantially wholly-owned holding company subsidiaries.
There go the wormy law suits down the drain. Stock was halted and just began trading UP after hours by .34. Looks like tomorow will be a very nice day.
Sarge, the 0.07 share divvy is not really my cup of tea. All of $14.00Q LOL. Just made my wife happy. I'll play it by ear but thanks for the article.
Re: SFL. Right now I'm not in but an overlooked point is how will the new deal with Rosneft affect SFL. We know NADL and SDRL will have great benefits and I have a feeling SFL will also benefit because someone will have to transport some of that oil.. You can be sure JF worked most if not all of his companies into the deal. JMHO.
Reread my previous post this afternoon referencing Ole Storer, the M/S ANALyst. The guys on the ball and he's been right all along on SDRL. Holds his price target at $48 with lucrative new contract signings. SDRL is the cream of the driller crop. Glad I got back in at $34+
Thanks Mark. I have a sell target that hopefully will be reached by month's end. Not looking to make a big gain here. Just satisfied my wife by buying it.
Sarge: As it's one of the only stocks in my portfolio that doesn't pay a divvy (I know it does but how much on a 200 share investment) I'm looking for a nice cap appreciation by the end of the summer. With all the talk about their new product "pipeline" coming out in the fall $120 would suit me just fine.