If I could give you 10 thumbs up I would for that post briskit44. You are so right, yahoo allows constant java scrip ads to populate each page. My humble Win8 laptop that is a bit underpowered just comes to a standstill thanks to java scripts taking up 100% of CPU. Sucks.
I wish I was smart. For every PSX I buy I seem to buy a VTS or HCN, ha ha. Marathon (MPC) was the one that got away from me also. I was kicking the tires on it just over a month ago and decided to pass. Shows how SMART I am not!
I like HFC also and took advantage of the drop to buy a bit more to augment my existing position. I also bought some more KMI after it fell over 5%. As you noted, PSX has just been killing it the past handful of months. I think I'm up over 25% on the position I bought back in July or August. I wish I had put everything into that and Apple at $400, heh.
Tax loss selling plus interest rates creeping back up giving a lot of REITs headwinds for November and December. I plan on doubling my shares in Ventas on this dip also as well as a few other REITs I like such as HCN, HCP, and maybe O or WPC.
Actually I do think $9.30 is close to the end. If I'm wrong, then so be it. I'm buying here and expect this to be a profitable trade.
Your logic is backward. Companies don't adjust dividends because the stock price is too low. If NRZ can afford to pay the dividend then they will pay it, simple as that. Usually the stock price will adjust to the dividend of a REIT, not the other way around.
Yeah, he was the fellow bragging about buying 350,000 shares of MTGE, heh. Everybody is a genius and a billionaire on the internet. ;-) In fact, I am typing this message from my sattelite connection on my mega yacht, but only after buying another 500,000 shares of FSC.
Why buy SLV which has the same iffy downside as GLD? I think buying a fund like PSLV or CEF would be better. CEF is trading at a large discount to NAV, has been around forever and has a low maintenance fee. Holds 60% gold and 40% silver roughly. Only downside to it is it is classified as a PFIC so best to only buy it in an IRA for tax reasons.
The more the shars dip towards $9, the more I hope they do in fact go ahead with the share buy back. I know how it looks to do a SPO at $10.40 and then buy shares back a month later at $9.10....yet, it makes a lot of sense. Small comfort to those who took part in the SPO, but a benefit for the company long term.
what are you talking about fraurelliosbourne (wow that is a mouthfull!)? Nowhere in the earnings report and last conference call did they so much as hint at any dividend cut. In fact, there could be a small bonus dividend coming in addition to the expected $0.17 announcement.
If a blue chip REIT like HCP is yielding 10% in your scenario, that would imply that the 10y treasury rate is yielding around 7.5% which would mean total bedlam and carnage in the entire stocks market. The whole market would correct 50% and likely the US government would be in big trouble in paying the interest on their debt obligations thus printing a lot which would cause the beginning of the $US implosion. Could that happen within the next 6 months? I guess, but if that is all true, one would be better shorting the heck out of the entire market and not just focusing on one blue chip REIT.
I think patience is key...probably lots of tax loss selling on FSC for the month of December. I have set some modest sized lots of limit order buys in $0.10 increments all the way down to $9 just in case it gets that oversold short term.
I bought a Win8 cheapo laptop several months back. I feel I'm a pretty decent tech adapter and all that. Win8 just kind of sucks IMO when it is not being used in a touch screen environment. For the price I paid, I'm still content as it works okay, just nowhere near as easy to use as Win XP or 7. My mom would not figure out Win8 at all, ha ha.
I just took advantage of a black friday special to buy a souped up gaming PC to replace my aging one. This time I took care to make sure I was getting it with Win7 and not Win8. That's the nice thing about shopping with the boutique PC vendors, you can pick each part of the PC custom to get exactly what you want.
Agree, hope everyone at this great discussion board can enjoy a safe and sane holiday season! I plan on drinking lots of Stone IPA to get through it all, LOL. Drinking one right now in fact! :-)
Took advantage of a special to replace my aging PC of almost 6 years with a spiffy high powered new one sporting an Intel i7 processor and nvidia GTX 780 graphics card and 32GB ddr3 ram. Hope to be gaming with this for the next 6 years. Merry xmas to me! :0) Wish all Intel bulls a happy holiday season. 2014 could have a lot to look forward to!
yes, I agree, some good discussion and analysis of the situation both present and looking forward. Thanks to all for taking the time to share their thoughts.
It's just the ebb and flow of the markets gordon939. Sectors go into favor, sectors go out of favor. Seems to be a lot of potential money running for the hills on the 'supposed' 1st half 2014 taper. Maybe some money getting frustrated that REITs are not going up 1% per day like Amazon or Facebook. Who knows. Whether HCP trades at $37 yielding 5.5% or $27 yielding much better, I think it offers good value looking long term. I just try to keep a certain amount of cash ready to jump in and double my position in companies that really seem to be oversold in a bad way. I'm starting to get that itch with HCP/HCN/VTR, etc. I'm holding off though to see what December brings. Another 5% down and I will jump in.