Yes, it does seem FSC is stuck in limbo. Reduced management fees only for new capital raised which seems far off in the future unless share holders have a change of heart and allow FSC to issue shares under NAV (hah!).
It will be interesting to see how much it gets sold off ex-div given the large LTCG it is also paying. Given that KMF is trading at close to a 52-week high discount to NAV as it is, not sure why people would sell it off even more compared to its peers. I only have a modest stake so will just hold onto it.
Haven't you heard keembodakine? The communist paradise of North Korea has already declared they have developed a vaccine that will cure AIDS, all forms of cancer, and even will cure your 'head stuck in behind' syndrome! Those socialist pikers in Cuba have nothing on the real medical innovators.
Good to hear, you have made a lot of money this year with your moves danny. I hope you continue your winning ways since we are invested in a lot of the same things. :-)
I actually have significantly trimmed my EURN/DHT/NAT positions this past week to take profits. I have a dubious history with market timing, but I'm hoping a summer lull in spot rates will take hold allowing me to buy in 10% cheaper. If I am wrong then I'll look to buy back in late August (assuming share prices are close to where I sold).
Cheers, I think RSO investors deserve to have a happy July 4th weekend and forget about RSO for a few days. Have some fun in the sun, BBQ, libations of your choice, play with your kids (maybe do that before the libations). Relax and smell the flowers.
This is good because I was starting to turn into this:
Happy Independence Day folks, let's get our minds cleared and our resolve back to make some great investments for the latter half of 2015. I aim to post my best ideas for the next 6 months and hope others do the same.
You should check out TPVG as well, I think more and more are starting to notice it. I'm thinking strongly of getting into it along with CPTA and FSFR.
I figured out the best way to stop it.
1. Install ad blocker plus
2. Set it to block all ads
3. Even after step 2, the yahoo video will play because technically it is not an ad but a yahoo video.
4. But, if you hover the mouse over the video you will see a 'block' text come up. Click that and adblocker plus will include a filter to block all these videos from playing.
5. Enjoy your new found peace & quiet (until the july 4th fireworks start exploding)
When times are tough, messengers get shot, beaten, stabbed, mauled, pummeled, set on fire, torn apart, ravaged, and spat on. It takes having a tough skin to be a writer/reviewer.
What you are projecting is (more or less) a worst case scenario for MEMP. There is a lot of time between now and 2017/2018, plenty of moves management can make to prevent the worst case scenario from happening.
I'm not a big Cohen fan at all. Only reason why I bought back into RSO at $4.10 was because I thought it undervalued for even a Cohen company. Every Cohen company seems to be trading at a big discount, whether RAS, RSO, or ARP.
In any case, who knows what is causing this latest slide, maybe a big fish wanting out. Seems RSO buy back was holding the line at $4.10, but now they stopped it I guess so the selling pressure is taking the share price back down. Perhaps they figured they could let the big seller finish and then resume the buy back at a lower price?
If you think LINE has been ravaged, check out ARP. Total carnage considering they *seem* okay in keeping current distribution intact for the next 12 months. Market has turned crazy.
Goodness, talk about some July 4th fireworks. Was not expecting to see this happen so soon. Now I have a lot of reading up to do this weekend on all the ramifications and whether or not to buy more here.