Hopefully this "sucker" has decided to level off somewhere between 10+ and 11. Dividend coming up in November so that should help us hold a little ground as well. Anyone think we will ever see 13+ again?
$2.57 is certainly enough to cover last years $1.62 annual payout and so far this year has been .91, so if they simply match last years Nov pay out of .23, then that would be $1.14 for the year which certainly would easily be covered by $2.57 EPS estimate. Interesting that someone like yahoo can estimate KKR's EPS at almost -8% for 16,17,& 18 when they probably cannot do the same for thenselves. How in the world can they predict what KKR is going to do 2, 3, & 4 years out? Anyway, makes for interesting predictions.
KKR has done nothing but coin $ since it's existance when private and while being a Public Company. It made it on the big scene with the dealings with J R Reynolds Tobacco Comany so long ago, there are many Traders who are too young to even remember that episode. There was even a Movie made about it that James Garner was a star in. Anyway, it obviously is feeling the pain with the entire market, but KKR is a winner and just about on everyone's BUY list(ARGUS 12 mo rating), Outperform rating(Credit Suisse & Reuters), 5stars rating(S&P Capital IQ's Opinion). The conservative target price for a high is 29. When this thing turns around, it will do so with avengance and meanwhile collecting a nice dividend on an annual basis while varies by quarter but a 12+% annual yield. Heck of a buy down here in the teens and low 20s. Everything can always go lower, but this company is a winner at any price in the in the low 20s or obviously lower.
You certainly got a very reasonable buy today and anything under 20 would be a steal as that would put it back to practically the 52 week low.
Certainly under $20 would be an unbelievable buy! I suspect you want be the only buyer if it gets to that number. I will certainly add to what I have.
If it makes it to the $19.56 52 week low, perhaps it may be worth picking up as I do not think there is going to be any Dividend reduction and it is KKR who have been around forever and all they do is "COIN MONEY." It will be back irrespective of what Yellen & interest rates do.
Looks like September and October are the down months for OZM and some time Late Oct/early November everyone starts jumping back on the wagon anticipating the Large Feb dividend income distribution. Therefore, looks like all longs will have to "hang tight," endure a little pain, collect a mediocre November Dividend and hopefully ride the high tide in December and January anticipating the big "POP" dividend in February. Hope it at least plays out that way worst case.
TICC is considered to be one of the better BDCs in the industry and being 30 days away from a nice .29 dividend seems strange that the stock seems to be in a downward pattern in a time when it generally at least trades flat or starts on a mild upward move anticipating a nice dividend coming in the next 30days. Wonder whats up? (or should I say down)
LNCO & LINE coming closer together. like someone said: unfortunately, LINE coming back to LNCO and not the other way. Great for LNCO and maybe we can take over the lead.
Down 2%(-.25 to _.28) day before XDATE(.17 qtrly divi) and this is usually the smallest quarterly dividend of a 12 month dividend year(probably .25+ in November and $1+ in Feb based on past experience), so better things to come. Hard to pull a trigger on a down day, but usually a good buying opportunity on a sound stock that pays a reasonably good dividend (currently about 13% annually yet inconsistant per qtr and usually half of the annual dividend is paid in February) which has averaged 9% for the last 5 years. A top performing Hedge Fund that is only getting better. Obviously some profit taking going on today as OZM is up approximately 3% since sometime last week and short termers cashing in on quick small profit.
Here we go boys and girls. End of the day trading and appears there may be some end of the day speculation on good news tomorrow announcements and experience and/or positive things to come.
Based on sister LINE's numbers today while not overwhelming, it doesn't appear anything too terrible is in the cards and with all the other what appears to be previous positive news, I choose to think we may be in for a positive surprise tomorrow. Glass half full approach, but hey, if I am wrong we are still in good shape with a very secure dividend now and looks like MGMNT is doing everything they can do to keep it secure foe a long time out. We will get a stock value increase(POP) one of these days, and I am the least patient person on this board. Pay Day week form Friday which will be Friday 8/15. Somrthing to look forward to.
The activity on this board has certainly halted, but one can understand why. Hopefully, we get some good earnings news soon to create something to be excited about! Otherwise, just be satisfied the divi is safe and sound and we coast on to the end of the year between 29 and 30+. Have a great week end as I am headed to Florida for the week!