Cantor Fitzgerald downgraded today, 3/21, from Hold to Sell with a target price of $50. Say current price is too expensive. Talk about going out on a limb.
Thanks for the post Dr. Klumps. It is so inconsiderate of you to take up our time reading such nonsense. However, it will not happen again as I am placing you on Ignore now.
I just read the minutes of today's meeting. Nothing short of absolutely incompetent management in my opinion. Cute how they dropped in the comment that the dividend would remain at 12.5 cents this quarter but wham, then comes the announcement that for the rest of the year, it would drop to 7 cents per quarter.. Wow, that knocks the yield on my original investment down to just under 6%. That is about half of what my other BDCs are yielding.
Here we are in the final month of this quarter, and they tell us that NO new deals have been made and that some loans have been paid off? Just when do they expect to start bringing in new business? And then to say that small businesses are getting great loan deals from banks which cuts down on the opportunities for MCGC to make new loans. Are they kidding? All I have been hearing since 2008 is that banks are NOT lending.
The other highly irritating aspect of this debacle is that no one had commented during the last quarter that things were not looking good. Instead, they drop a bombshell today. As a retired executive, all I can say is, "These guys suck, big time." Incompetent, through and through.
All of my high yield stocks are invested in my IRA Accounts for which I do not get tax statements. However, Fidelity did report a dividend from Ishares Mexico which was received on 1/3/14 as a 2013 dividend.
Hey, go F yourself and the corrupt woman you appear to be backing for President in 2016. In fact, take your political baloney elsewhere unless you have something serious to say about Walgreens.
Most unfortunate that a number of Yahoo message boards have been turned into political propaganda boards. Too bad that Yahoo seems unable or unwilling to take the necessary steps to remove such posts/posters. The statistics in your post only serve to confirm there is an organized movement to turn this and other Yahoo message boards into Democrat Party propaganda tools.
You keep telling yourself that. As for me, I live in the Coachella Valley of Southern California. Think Palm Springs, Rancho Mirage, Palm Desert, etc. The population of this valley increases by 35% between November and May of each year. These are the so-called snowbirds who come here from just about every northern state plus numerous Canadian provinces. The number of Canadian province license plates seen on the roads is near staggering.
The end result of all these Canadians is that our hospital population nearly DOUBLES every tourist season. I do volunteer work at the largest of these hospitals. Guess who is filling all of the beds that are unoccupied during the off season??? They are filled with Canadians who cannot handle the long waits for treatment back in Canada. They make no secret of how much they LOVE American health care.
Well earnings are due out after the close, and right now, the stock is down 35 cents. Not a good sign. It would appear that some people may have advance info on the earnings report.. We shall see but this management always seems to be able to #$%$ defeat out of the jaws of victory.
It's the Kenyan in the White House who is out to destroy the US, not Senator Cruz. Between George W. Bush and Obama, this country is being destroyed in less than 32 years. If the Hillebeast manages to get elected, and that is quite likely considering the millions of voters already on the Obama dole, you can kiss the US goodbye.
The Roman Empire took about 300 years to collapse. The US is in the process of doing it in under 50 years.
Management has had more than sufficient time to get this HIV product up and running. In my opinion, it should be flying off the shelves by now. Instead, the increased sales volume is low, and the advertising expense is high. I am not sure this management team could find their way out of a paper bag. Very disappointing. I sure wish I never caught that interview on CNBC with their CEO about a year ago.
Looks like you spoke too soon. Daily volume was 36% higher than 90 day average volume. Plus, around 1:30 PM EDT, the price began to collapse and the volume went through the roof. Looks to me like someone(s) got wind of something, and they did not like it. Looking at the quarterly results, neither do I.
Have you taken a look at the amount of debt that Rite Aid is carrying? There is a reason for that low stock price. I will grant that Rite Aid stores are better than CVS stores, but the issue with Rite Aid is debt risk, not store quality.
Well Augie, I sure cannot agree. The WAG stores in my area are all modern, clean and well-stocked. Plus, well lighted. The two CVS stores which I have been in with my wife when it was convenient to pick up a product, I found to be rather dark, dingy and looked like they had not been updated since the 1970s. Both CVS were located in up-scale communities. My comment to my wife was that I would not shop there.
I don't know how you come off claiming they will pay a higher rate of interest on the new bonds. These folks are not idiots. They would not be calling the existing debt and issuing new debt if they were not expecting to lower the interest.
As a bond holder in numerous non-investment grade bonds over the past 5 years, I have been experiencing an ever increasing rate of bonds being called in order to take advantage of the current low borrowing rates on new debt.. Just this month alone, I have had three bond issues called due to refinancing. In fact, the interest rates on non-investment grade debt, FTR is better than non-investment grade, is running around 5%. This is a drop from rates of 10 to 12% or more only 3 or 4 years ago. I no longer am buying any of these bonds because a yield of 5% is not acceptable to me.
Take your nonsense elsewhere. The average trading size for the past 90 days is over 479,000 per day. Lots of small company stocks trade under 100,000 shares per day.
You say you are 39 years old. Quite candidly, you still have a lot to learn. Take it from someone who is 30 years older than you are.
FYI, REITS are not the only investment I own. I own BDCs, leveraged bond funds, stocks, etc., and I own, and have owned, a significant number of individual bonds. Have you taken a look at the interest yields of investment rated corporate bonds of late? Best I can say is that it stinks. How about non-investment grade (junk) bonds. Considering the risk, those yields for the companies that likely will have the funds needed to make the payoffs at maturity are around 6%. The bonds I hold were purchased in 2009 through 2011. They are non-investment grade and were purchased at yields between 10 to 12%. Today, those same bonds yield half those amounts.
I am doing OK in this turbulent market - generating more income than I need to live on. However, many retired folks are not, as they have had their funds in savings accounts, CDs, money market accounts, etc. These are the people that never actively managed their portfolios while working. Now, they do not know how, nor what to do as they watch their money market accounts paying a rate of .01%. The CDs that used to pay them around 7 or 8% only a few years ago, are now paying 2%.
My friend, you will not be retiring for near 30 years, if ever. I likely will be dead in 10 years or less, and I do not have children to worry about. You will be the one having to survive in an economically devastated USA - you and your children and grandchildren. Good luck.
Bernanke and his cohorts on the Fed will accomplish little, if anything, in the way of reducing unemployment. However, what they are accomplishing is the destruction of the living standards for the millions of retired and about-to-be retired Americans. Personally, the biggest enemy of my retirement portfolio has not been this economy but rather has been Ben Bernanke.
There is an article on Bloomberg News. From the minutes of the Fed's late October meeting, a sizable number of Fed members are looking to extend Operation Twist beyond it December expiration and to continue the purchase of mortgage backed securities. In other words, now there is no relief in sight from the disaster the Fed has proven to be to REITS.
This stock has been on a major downtrend since April, 2011. That is one and one half years. Today, it is down over 10%. Compare that to the market as a whole. ATI has not been this low since July, 2009 - three years ago. Something is wrong with ATI, and I suspect it may be time for a change at the top.