eric, thanks very much for your very intelligent insight. But, how did you come to decide on RSO-B as your top choice when there are others yielding significantly more? For instance MILL-C which has a yield to call of 13.54%. I assume it's all about risk? If it's about risk...wouldn't a better choice be an ETF like SPFF which yields 7.91%?
Doing the opposite of Cramer is normally a very good strategy. Up big again today. Converting to REIT.
Sentiment: Strong Buy
Per Ameritrade (is that realiable?) RSO's net income for 2010 was $19,447,000 and they paid dividends of $45,680,000. That would be a payout ratio of 234%. Very close to what Yahoo says.
So, what are you buying with the 10% you took off the table? I'm trying to decide between RSO, AGNC, NLY, and CYS. Which is more appealing for the long term?
How dare you accuse me of having a lack of character! You are one of the drivelers that I was speaking of.
I never said I didn't respect Zorro's desire to hide. He has every right. I was just defending those of us who continue to seek him (and others) out.
Now...why don't YOU go and hide...PLEASE.
"When people focus on name rather than content of the message it makes people stop thinking."
Don't we all do this everyday?
If I know Warren Buffet said it...I'm going to pay much more attention to the message than if Cramer said it.
What's wrong with that?
There are certain people on the message boards that have proven their worth. They are the ones I read. I ignore the rest. Otherwise, I'd spend my day reading a bunch of drivel.
The constant changing of names just makes my job harder. And gives the drivelers more of a voice.
I'm itching to buy something today. Already have some SHO common and NRF/B. Looking to add some RSO. I love the fact they seem committed to cash divi.
Aint never heard of a limit on dividends within an IRA. Zorro (or whatever you're calling yourself these days) care to chime in?