Sat, Oct 25, 2014, 5:37 AM EDT - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

New Residential Investment Corp. Message Board

chris.trendle 61 posts  |  Last Activity: Oct 23, 2014 9:11 AM Member since: Jul 23, 2013
SortNewest  |  Oldest  |  Highest Rated Expand all messages
  • Reply to

    Yet another huge reversal

    by goskiing99 Oct 22, 2014 2:00 PM
    chris.trendle chris.trendle Oct 23, 2014 9:11 AM Flag

    That is inaccurate information.

    Check the fine print in your brokerage agreement. When you signed that (or checked the box for most of us :P) you gave them permission to loan out your shares. Not even a GTC will stop this.

    IIRC a cash account can stop this, or calling your broker and requesting they not be loaned out is another option.

    Now... Unless you have a really really large position in the stock, doing this is pointless anyway...

    Also, as I look, there is only a 4.27% short position (8 and a half millionish shares) with just under 7 days to cover. When you compare that to some others in the sector (KMI for example) it is sitting with 14.63%/9.5 days to cover (almost 96 million shorts). Wildly more shorted than LINE.

    Even if everyone on this board was able to secure their shares from short loaning, it would not have much of an impact, because there is not a lot of shorting to begin with.

  • Reply to

    Yet another huge reversal

    by goskiing99 Oct 22, 2014 2:00 PM
    chris.trendle chris.trendle Oct 23, 2014 7:04 AM Flag

    That's if he can even hold his seat... He is so wildly unpopular that he has allowed Grimes to pull within one point.

  • Reply to

    Hedge Fund Criminals Pack up their tent

    by crk00 Oct 21, 2014 9:58 AM
    chris.trendle chris.trendle Oct 22, 2014 8:04 AM Flag

    Last I checked, Hedgeye does not have any money under management. They are only an advisory firm. In other words, they can bark a lot, but have no teeth.

    What others may do with their "information" (term used loosely in regards to the energy guy) is voluntary.

  • Reply to

    Green in morning, red in noon

    by chidragon38 Oct 21, 2014 8:58 AM
    chris.trendle chris.trendle Oct 22, 2014 7:41 AM Flag

    Oh well... We can't all be right all the time. This time, you were way off.

  • Reply to

    Buyback

    by hwrbrickman Oct 16, 2014 7:59 PM
    chris.trendle chris.trendle Oct 21, 2014 8:27 AM Flag

    Probably not with the uncertainty of oil prices.

    If that changes, so does the entire ball game...

  • chris.trendle chris.trendle Oct 13, 2014 11:49 AM Flag

    At 1.13, why would they need to cut? Additionally, the ratio is 1.07 over the last 8 Qtrs...

  • Reply to

    Incredible meltdown

    by goskiing99 Oct 13, 2014 11:03 AM
    chris.trendle chris.trendle Oct 13, 2014 11:39 AM Flag

    what is funny to me though, is that so are 2 of my REITS...

  • Reply to

    Incredible meltdown

    by goskiing99 Oct 13, 2014 11:03 AM
    chris.trendle chris.trendle Oct 13, 2014 11:39 AM Flag

    It appears to be trading right along with oil prices...

  • chris.trendle chris.trendle Oct 13, 2014 11:36 AM Flag

    So they should get less conservative by entertaining a distribution increase? I was speaking only of the distribution, not the entire company and it's practices.

  • chris.trendle chris.trendle Oct 13, 2014 11:34 AM Flag

    sustained period before they would look at hedging.

    LOL... I need to quit doing 5 things at one... Meant increasing, not hedging...

  • chris.trendle chris.trendle Oct 13, 2014 11:29 AM Flag

    IIRC, it was mentioned that the ratio would have to be north of 1.1 for a sustained period before they would look at hedging. Given the unknown of oil prices I think Q3 would be early to call the ball on what they are going to do. I believe raising in Q4 would not be discussed or mentioned in a Q3 call, but as a separate alert.

    My guess would be the answer to this question would be that they are going to see how the oil market shakes to out to ensure the current dividend is kept safe before they look to grow it. Sustained is just that, over a period of I would guess 3 qtrs.

    At this point in the game, being conservative would be the wisest option.

  • Reply to

    and....ng is up no less

    by barc37000 Oct 10, 2014 10:49 AM
    chris.trendle chris.trendle Oct 10, 2014 10:50 AM Flag

    nah, chart today seems to be following the oil price pretty closely.

  • Reply to

    ok mgmt. time to come out from hiding !!!!!!!

    by ch3howard Oct 10, 2014 10:11 AM
    chris.trendle chris.trendle Oct 10, 2014 10:33 AM Flag

    Why on earth would they publicly SAY they were starting a buyback at X price? Seems counter productive.

    Also, why would they start a buyback if the price keeps dropping? Like the rest of us, I would think they would want to wait until the price nears the bottom. With Oil prices seeming to be the driving force here, I would wait... Actually I am waiting. The blunderbuss is full of power, ready to fire when the time is right. As of now, the time is not right.

  • Reply to

    Wow over 12% yield

    by kenpalley2000 Oct 10, 2014 10:08 AM
    chris.trendle chris.trendle Oct 10, 2014 10:29 AM Flag

    ... what I think he was getting at is why isn't management buying back shares, which would ultimately reduce the distribution commitment...

  • Reply to

    Dividend Cut ??????

    by sholley111 Oct 9, 2014 12:24 PM
    chris.trendle chris.trendle Oct 9, 2014 2:23 PM Flag

    Rockov says hedging has been more beneficial during downturns than the company initially expected. “When prices go down, our production taxes and other expenses fall, but our revenue stays the same,” he explains. “The hedge not only protects our margin, but also allows us to have a higher cash-flow margin during periods of depressed commodity prices.”

  • Reply to

    Get out at all costs!

    by chcknlittle Oct 8, 2014 1:00 PM
    chris.trendle chris.trendle Oct 9, 2014 7:59 AM Flag

    pssst, your ignorance is showing...

    Rockov says hedging has been more beneficial during downturns than the company initially expected. “When prices go down, our production taxes and other expenses fall, but our revenue stays the same,” he explains. “The hedge not only protects our margin, but also allows us to have a higher cash-flow margin during periods of depressed commodity prices.”

  • Reply to

    anyone buying.....

    by s.eranger Oct 8, 2014 11:06 AM
    chris.trendle chris.trendle Oct 9, 2014 7:56 AM Flag

    With oil still dropping this morning... I've gotten some, but holding on to get more. Until oil bounces I think we will see a pretty sustained drop in SP.

  • chris.trendle chris.trendle Oct 9, 2014 7:53 AM Flag

    "except for the divvy payouts, your LNCO investment has been dead money"

    Seriously? Ignore 10+% annually? Even if the stock price stayed dead even over the course of 6 years, investors are up 10%each year. If you can average that year over year, your money will have doubled in 6 years.

    You are ignoring a huge aspect of the stock, and attempting to mislead people with either your half understanding, or intentional misleading.

    Hardly dead.

  • Reply to

    The Fed

    by bbandassoc Oct 9, 2014 5:32 AM
    chris.trendle chris.trendle Oct 9, 2014 7:30 AM Flag

    See this is where things can get misleading, and confusing.

    Many people can not grasp the concept that currency is only a symbol of purchasing power.

    If the dollar were to return to the "good old days" (1933) of the gold standard tomorrow, a portfolio that currently has a value of a cool million would "only" be worth ~$56K,,, Now on paper that would make most people drop a load in their shorts, however the purchasing power would be the same, because that 50K sports car would be available for ~$2800...

    Of course that would also mean that minimum wage would have to drop to $0.84 an hour, and oil would be under $5 a barrel...

    Currency is only a symbol. What each one is worth is relative. A strong dollar is not bad other than the perception on paper. You still have the same purchasing power, it just takes a smaller number of them to achieve it.

    Where it gets sketchy is in global trade as US made goods start to cost more overseas making it less competitive.... But that is a whole different issue all together.

  • Reply to

    Lynn business model

    by zghazzawi2000 Oct 8, 2014 2:24 PM
    chris.trendle chris.trendle Oct 9, 2014 7:14 AM Flag

    Look at a 3 year chart. Same time every year oil prices slide.

    Q3 reporting is in less than 30 days. Elections are the same day... (oh my!). Now this downturn will have little to no effect on Q3, since it did not start this until Sept 30, when it took a $4 drop, however a decent Q3 and this in Q4 are actually positive for Linn making money.

    ...and why? well remember this...
    "Rockov says hedging has been more beneficial during downturns than the company initially expected. “When prices go down, our production taxes and other expenses fall, but our revenue stays the same,” he explains. “The hedge not only protects our margin, but also allows us to have a higher cash-flow margin during periods of depressed commodity prices.”

    To translate, short term drops in oil prices like we have seen are beneficial for Linn, when the market reaction is sector wide. All the oil producers are in the same boat. There is nothing wrong with Linn, they will be fine when the selling is over and oil starts to rise. If we do in fact have a rough winter like they are predicting, the NG prices will also increase, and that is even that much better for us.

    Take the gift and add to your position. The computer models that are dropping energy stocks in droves seem to be operating sector parameters and are driving the price down, even though unlike many companies that are slave to current prices, we hold one that would rather give up the gains on a spike to protect the cash flow on the dips.

    I believe the dist keeps on coming and the SP will recover. IF some how they manage an increase in the distribution as well, or use that cash to pay down some debt, all the better.

NRZ
12.11+0.02(+0.17%)Oct 24 4:03 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.