assuming your calls are out of the money, if the price hits the strike price, would you close your position or take possession of the shares of hclp? Would you sell your SLCA position or buy those shares at the lower price? Both stocks have moved up, I guess with the expectation of increased production demands needing their services.
I see on the income statement on Yahoo that the income is less for a similar quarter.
Where does the extra funding come to allow ARI to increase the dividend?
How can ACRE increase its div, when the last earnings report for numbers as compared to 2015 were far less? I understand that as was said, this is a "slow season," but the numbers shown on the statement were comparisons made for the same period of the year.
I thought the acquisition of Javelin, solidifying the dividend was going to offer a support level for the stock price. What's causing the valuation to drop recently? Without Javelin, I could understand the price dropping,
but the stock is trading as though there is another expected div decrease. A 13 percent yield is still better than most other of its peers (and how much longer can WMC maintain its dividend level?).
Thanks for the thoughtful reply. I had posted this, because I bought in several of my various accounts
shares of MAIN for some of the reasons you mentioned (viewing this as more solid than my holdings with MCC which I have a large loss of principal and PSEC which I have been happy with having bought in prior to the recent move up). I do intend to hold MAIN for a longer period of time, and so far, have a small gain.
Has the energy exposure concentration decreased since last year? This year I can't find on the company's website breakdown of this portfolio where energy plays more than a small role. The market must view the valuation as "fair" given a much higher than average yield. That the market isn't jumping after this stock driving up the price suggests to me that the market knows something that I as an average investor, at best, am unaware of. Some other BDC's I have looked at (and own shares in) have much lower yields (MAIN, PSEC, MCC).
No message board for PSEC and the posts here seemed more serious than elsewhere for a BDC,
so here it goes ... PSEC missed by one cent on the market's earnings expectation. My concern was that they were going to miss by a bigger number though it had been hinted earlier that this quarter was going to be ok. Looks ok and after hours trading looked insignificant. Divs declared already for the next few months, so at worst, I'd think this stock will hold around its current price, and with the current yield, attractive. Anyone else have a "read" on the earnings report and what it portends for PSEC's future? Not having a dedicated message board for the stock being discussed is not helpful.
I am looking at PNNT, but its ex-div date is far off, and "stuff" can happen between now and then.
Yes, I agree regarding the preferreds, but my concern was that if the merger takes place, that the preferreds would either be dissolved, converted into shares (as far as I know, these are not convertible preferreds) rather than being allowed "to continue" as is, since the company NRF, as it was known, would no longer exist. I see that Colony Capital as several different preferreds, different yields and types of preferreds. I wonder if any of the NRF preferreds would be automatically converted into one of these preferreds.
My intention, as I stated before, was to hold onto the preferreds for NRF as long as I can.
Only NSAM was highlighted as the "takeover" target. What would happen the shareholders
of NRF and the preferreds? I bought the preferreds at a discount to par. Not sure if the temp
recall at $25 for a one time profit is any better than holding on to them for years until they would
eventually be called at par, collecting the div income all that time. If called in now, to get that same
income, there are few similar preferreds trading at that same discount relative to risk/reward.
NRZ is one of the higher yielding stocks in this sector. AJX appears to be in a similar field, with nonperforming
mortgage loans, yet it is priced at valuation resulting in a yield of half that of NRZ. What is it that the market sees in NRZ that hasn't given it a greater valuation? Many MREITs have been lowering their dividends, including NLY, WMC, ARR, AGNC. For at least now, the divs with NRZ appear to be on the upswing.
Other merits had earnings decline without steep price drops, I.e. NLY, AGNC. It may be that wmc's stock price reflected an expectation of an earnings drop. Even if the div drops to 30 cents, the yield will be an attractive 12%, with an expectation that the div will not drop further.
How can ratings (number of stars, numerical valuation) differ so much for this company?
Morningstar has given AHS a one star rating out of five, with five being the best, one being the lowest,
while the major stock brokerage biz I use, along with Yahoo gives AHS a very high rating?
I can understand Morningstar giving a 3 star rating, but 1?
So now we are down to "only" a 10 percent yield. What has hurt has been the steep decline in principal.
At one time, PHT was a five star rated holding on Morningstar, then four stars. Most recent rating is three stars.
The decline in div was very small, but you are right, the trend has been lower - not as bad as the decline in some of the MREITs, but the decline in value has been about the same, over 50 percent.
At this point, I wonder where the "bottom" is, of if we have reached it. I don't want to hold on if the price continues going down much more. If interest rates continue to stay low, is PHT expected to hold the div,
or will the money available from investments continue to diminish with lowering divs for the foreseeable future?
What's up with the MF analysis about MAIN? The points presented appear rationale, but if
they were so obvious, why is the market bidding MAIN higher? You would think the market
would value MAIN more in line with other BDC's, but it doesn't. What is the MF contributor missing?
Based on his view of MAIN, the next earnings report would appear to be disappointing with
a selloff. He focused on the reason for the short sellers activity with MAIN.
Main is considered one of the best BDCs in this sector. Any explanation regarding the recent price pattern?
Consolidation before the next move up? Seems like whenever MAIN reaches that 31.5 level or thereabout,
it drops down to just above 31 and then moves up again, repeatedly! I bought shares for a long term hold,
as I believe its valuation will increase even moreso as interest rates appreciate.
I have the same idea as you regarding the preferred and common as investments. It is interesting that the preferred price has the support level, whereas the common has dropped off a few cents. ARR is one of the higher paying REITs and with its div secured for the near future, I don't understand the sellers, unless they are
going after even higher yielding REITs ... or think there will be continued downward pressure on the common stock price. Both WMC and ARR seem to have their common stock price locked in a narrow range.
Is the preferred being traded at the discount it is due to the perception that the revenue stream is risky? I noticed that the divs on the premium were reduced. Still very generous.
I wonder why certain preferreds are traded in the low 20's range (teens tell me a larger
degree of risk). I could never figure that out.
I read on the DLNG website that 1099s are issued not k-1, no return of capital to lower the cost basis of one's holdings.
Who wouldn't want a 10 percent yield on a preferred whose price stays steady? What's the risk here, that the company stops issuing divs on the preferreds? Wouldn't the common divs stop first? I'd think with the new contracts, the revenue stream to maintain divs would be more predictable and reliable.
I wonder what numbers Yahoo bases its determination of yields for a stock.
At a share price of 23.04, the yield for BBN at .1318 is 6.86%, not 7.9%.
You would think that Yahoo finance would have software that would reflect the actual yield.
Given that BBN's dividend has remained the same for years, the only thing that changes daily is
its share price.
Some other stocks have incorrect yields also. Morningstar confirms that the yield on BBN is 6.84%.
I still wonder why BBN can move in different directions on the same day as similar munis such as
BLE and XMPT, although those are tax protected from fed taxes and depending on your state, possibly
from some state taxes, whereas BBN is taxed.
Should interest rates finally go up, as some predict in the next quarter or two, will the preferred
valuations remain unaffected? What was the explanation for the deep drop in the preferred price
last year? These preferreds are trading close to par now. Has anyone else noticed how the 52 week
price range for these preferreds as listed on the main summary finance page for this stock is incorrect?