I read the Barron's article, I have read the posts here on this proposal, and I have looked over the proxy statement. Based upon that, I just voted NO across the board on the proposal. In my opinion, there is absolutely no justification in giving the outgoing management a $20 million windfall.
This stock has dropped over the last 12 months from around $9.74 to $6.84 as I write this. In my opinion with that kind of horrible performance, management should give back all of their management fees for the past year. I will gladly vote YES for a proposal that is fair to the stockholders if only for the reason of getting rid of this management team.
I am with Fidelity Investments in two accounts holding RSO. Fidelity did not take any fee. My transactions for today show only the 1 for 4 split.
I have been with Fidelity for about 30 years. My wife and I have our joint account, her IRA, and my IRA with Fidelity. In all those years, I have never found as much as one mistake on my statements or my trades. Commission is $7.95 per trade. I think that ETF trades are non commission but I do not trade them so I cannot confirm that.
Did you sell this stock short? Judging by your comments, you need to take a tutorial on how mortgage REITS function.
What's the matter john11? Did you short GILD in expectation of a bad quarterly report? Bad for you. Great for us shareholders who have confidence in this company.
Well NIck, then why are you here spouting your nonsense day after day. If AGNC is such a bad investment in your opinion, I presume you sold your shares a long time ago. If not, then apparently you are not listening to your own postings.
Book value is mostly related to a change in the asset value of the holdings, not a dividend distribution. If they gave no dividend, the book value would increase or decrease based upon the valuation of the loans at any point in time.
Well, you paid extra taxes for 2015, and you will pay extra capital gains taxes when you sell your shares because your broker will reduce your original cost basis by the amount of the return of capital, and they will report than number to the IRS. If you report a different number, you will have to justify the difference to the IRS.
It is not just Yahoo, it is lots of web site. Plus, ads popping up all over the place. Recently, I replaced my wireless mouse which was misbehaving with a wired gamer mouse. Works great, plus a major benefit is the small clickers on the right side of the mouse which control volume up and down. I always keep it at zero unless I want to hear something. No more fidgeting with the volume control on the screen.
A year ago, this stock was selling at $9.94. Today, it is at $6.51. That is a 35% drop. That is not chicken feed. I own a number of BDCs and Reits. While all of down, FSC is down a lot more than the rest of them.
I don't see where they mentioned anything about the first and second quarter dividend in 2015. So, are we left to guess whether they are dividends, or will they tell us in June of 2016 that they are Return of Capital.
Holy Smokes. What took then until the middle of this year to determine that ALL of 2014 dividends are NOT dividends but Return of Capital? Have they fired the CFO along with this announcement? Where did they think those cash distributions were coming from in 2014?
Fortunately, I hold this stock in a tax deferred IRA. So, this reclassification will not impact me. For those holding this stock in a taxable account, you will have the enjoyment of having to file an AMENDED 2014 Federal and possibly State return. Otherwise, you will have paid too much tax for 2014, and when you eventually sell the stock, you will be paying a higher capital gains tax because your purchase cost of this stock will have been reduced by the amount of the 2014 Return of Capital.
So, B of A just downgraded KORS to Neutral with a price target of $60. Let's see, right now the price is $46.29. So, a move to $60 would be nearly a 30% increase. Somehow that 30% increase is rated a Neutral at B or A. What a joke.
Today's volume was 70% above its 90 day average. The stock has dropped $5 a share in the last two months, and nearly $8 a share in the last 9 months.
Ex div. day was 4/1, and the dividend was 21 cents. On 3/31, the stock closed down 23 cents. On 4/1 when it went ex the 21 cent dividend, the stock was down 33 cents, 12 cents more than the dividend. On 4/2, ti dropped another 23 cents, and today it is down a further 31 cents. How do you explain a $1.10 drop on a 21 cent dividend.
Volume already is 2 1/2 times average 90 day volume, and the market remains open for another 2 1/2 hours. In the meantime, management is tight lipped. I hold numerous BDCs, all of which are up today except two which are both down only one cent.