After a long time of maintaining the same div level, what is the reason for what looks like a continuing downtrend in the div payout? What would reverse the trend? Even at this 6 cent level, the yield is still 8 percent, which is perhaps a reason why the price seems to have a support level. Good to see it back to almost 9. What concerns me is the trend - if divs continue to be cut going forward, there will be less reason to hold the stock.
Given the high yield from divs in WMC and AGNC, buying more shares is very tempting, but
the lower valuation of WMC suggests a different outcome with this than with AGNC, such as a bigger div
cut. Otherwise, who wouldn't want to load up now? More certainty with the preferreds. Have both.
Thanks for the informed reply regardng risk. I did see on chart display that mua has done relatively better. Over 3 to 5 years fhigx and nhmax appear to have more stable price performance. Maybe this us why morninstar has given this fund a significantly lower star performance relative to the other funds even though it has a much higher sharpe ratio. For a high yield of 4 to 7 percent, the common and preferred of EPR looks even more attractive! As you said, BLE and xmot do look more volatile.
I heard that MLPs are meant to be held, not traded. Do you do your trading of this in a nontaxable account, and if not, have you found unexpected gains to pay taxes on in your k-1s even though you held the stock for a short time, but did so during some business transactional activity by the MLP?
How do you feel about the difference in yield between EPD and MMP? MMP better overall for the greater potential for price appreciation?
dnp's divs consist of return of income to a degree. div history is amazing, but some of it is your own money. Why MUA vs. some other municipal bond funds of similar duration/maturity, like BLE or NHMAX?
By "harvesting" in an IRA account, do you mean that as long as the UBTI is under $1000, that you don't need to be concerned about being taxed on them, or are your referring to reinvesting them in the same holding?
I still have some EPD and less MMP. Sold my gain in EPD in one account, and thinking of buying more shares in MMP to replace the sold EPD. Yield with EPD is still higher than that of MMP, but I think the potential for price appreciation and distribution increase may be greater with MMP. What do you think?
Some months ago, CNBC had recommended this stock, and since then, the price has deteriorated. You would think the recommendation would have given it a bump up.
Is the main pressure on its prices the perception of a "slowing economy?"
What's the consensus here on the board of what Trinity management is going to report in late February?
Sometimes a strong report makes no difference on the market perception on a company's current valuation, yet a disappointment in earnings drives it down. Seems like Trinity has already been driven down, making it a good buy at this level, and even better regardless of what management reports!
Regarding closed end muni funds ... some I have looked at have done well along with providing a generous yield. The fact that some of these funds hold bonds beyond a 20 year period, is that a red flag? Or in this interest rate environment and economic slowdown, to view the "high risk" as something just to be aware of but not affecting price movements now?
I read that cef munis can be subject to the AMT. An after tax yield on a muni yielding 6 percent could be as high as 9 percent. If the fund's holdings are subject to a 10 percent AMT average for all the holdings (as with some of the Blackrock funds), would the yield still be close to 9 percent given that the AMT could be as high as 28 percent?
Any opinion on XMPT and BLE? NHMAX holds bonds of a shorter maturity but yield is lower. Trade off between risk and yield. For yield, wouldn't you still prefer WMC over these? For parking money for a short time, CEF munis whose prices have less volatility better?
Helpful analysis assuming the numbers are accurate. Is a PE of 12 to 14 the norm for a property management company? Is Simon Properties a peer?
interesting that you brought in pgx and pgf. I am amazed at how strong (as in not declining in value), pgf has been. Parking money here is better than losing money elsewhere. If interest rates go up, what's your take on the perferreds and those in the banking sector?
As aired today with Jamie Welch, very relieving to here the confidence he exuded at the interview on CNBC, and the reasons why. Well worth watching for anyone like myself who was having doubts regarding this company and ETP and the market's response to its perception of their future.
why are the B and D preferreds of NRF down so much today? There was talk of NRF reducing its divs like RAS, but if that should happen, the preferreds would most likely not have a div cut, at least, not until later. If a div cut did take place with NRF, why wouldn't the common have dropped in share price? I don't see other REIT preferreds dropping (NLY) like what's happening to NRF today.
So, despite your reassuring rationale analysis, sellers don't share the same sentiment. Would you say they are selling due to a combination of "not fighting the tape," and believing that this company like other MLPs will be cutting their divs? The decline in these "conservative" MLPs has been devastating, day after day. And on a day when the rest of the market "soars," we hold such stock which plummets. For the time being, investors who have speculated on high flying high tech stocks, even the "gaming" stocks have chosen a better place to be. Who would have thought it riskier to be holding a stock like ETE than a company which makes video games? I have helf off with selling most of my MLPs believing they could not hit lower lows, and yet there appears to be no bottom.
With so much apparent opposition to the deal, how is it that there is apparently overwhelming approval of the deal as being beneficial? MWE gets merged into the allegedly 4th largest MLP, will experience greater growth possibilities, MWE shareholders get $6+ fore each share and this stock drops over 30 percent after announcement of the deal? How to understand this?
When will the outcome on yes/no vote be known. I read messages on this board referring to already having voted, others refer to when they will cast their vote.
With the new offer, why is the stock price fluctuating so much today? The stock was up a few points at the opening, then just barely changed from yesterday, now up almost two points. If the no votes carry, wouldn't the price move up? If the offer is accepted, wouldn't the price also still go up? So, why the selloff earlier today? People taking profits and moving on?