agreed on need for storage. however, that need is not reflected in PPS for storage entities rather they be onland or floating.
NSH NuStar is an example of a company with good financial metrics and devoted to storage. They are max'ing out yet shareprice continues to slide simply because of their affiliation to oil. Same as for TNK.
Hedge and Mutual funds are selling off these positions and will continue to do that as oil continues to slide. and it will.
At the end of the day, regardless of fundamentals, it is all about fear based trading and what Mr. Market perceives as value. Trading typically is prompted by emotion and institutional buyers are known for that. TNK will be a long play and we should expect considerable erosion to shareprice in the short term, that being current to 1 year.
That is total baloney. All stock traded on Nasdaq. Not known if they will have to repurchase their own shares (best scenario) or gov't purchases portion of outstanding shares (bad scenario as CTCM may simply issue SO and distribute to Russia).
Edict a month away. Time to evaluate but not really optimistic.
Very risky investment.
over a 3.6% decline to PPS right after the murder. just a coincidence?
oh, how/when does MBT pay dividends?
Thanks for the reply. I ended up buying twice over last 5 trading days with a cost basis of $5.46 in anticipation of a good earnings report. DD, such as I found, leads one to believe that TNK should announce good earnings. We'll know next week...
Back to my original question. Will shareprice continue this trend and is the trend based on speculation that tankers will simply be in demand for storage due to the glut?
I am still on the side lines here.
That's funny. I too follow all former holdings and get a perverse sense of satisfaction if they drop. Consternation when they go up.
You're right. It helps make it fun. Esp on a down day when it makes me feel better to see former holdings drop even more than my current holdings.
Good luck to you.
Wish I had loaded up on this one. Put some dividend mad money into it as silver climbs. A nice little short term investment and return.
BKCC and PSEC and both did well today. I found all other BDCs did well and only MAIN dropped while all markets were up. Am still holding but am beginning to waver. Everything up today and MAIN drops again on heavier than average volume. Bad sign as cheap stocks often become cheaper. Something is going on causing selling that we don't know about. Another possible dividend decrease? Q4 earnings report due in Feb. May not be a good one.
I closed GNRC position as well. There is no prospect of regular dividends and competition is now very keen in the standby generator market. Tough to take on Yamaha and Honda. Personally, come next summer, I have plans to install a Kohler unit for lake front home.
I will check out your GASFX and APU. I used to have a position in ARG and should have kept it. I liquidated GNRC at 55.55 but see it has recovered some.
Spammers. No shame. Low lifes.
WEC should flourish with lower input and production costs due to lower oil/natr gas prices and increased demand with another cold butt winter at hand.
Yes, and it sure would have been a positive if shareprice had held the 9.8 price it hit earlier this morning. Appears to be some resistance at 10. We need to break that threshold and then experience a nice run. While Citigroup's Buy initiation was great, IMO, 11 is conservative. I am thinking 14 is not a stretch.
The fundamentals are what keep me patient, along with the monthly dividends. Being retired, it's almost like a paycheck. BDC's are also attractive to me personally in that per SEC they must distribute 90% of profit to shareholders.
While I am unhappy with the shareprice trend over the past 18 months, I am confident the fundamentals will eventually impact the share price. I will hold or buy a company with good financial metrics and an underperforming share price and sell off a company with poor financials and a rising share price. Tesla is an example of that.
I wonder if BDCs are going to adhere to Std and Poors rules so that they get that needed exposure.
Your bigger mistake was not selling all. Your bigger bigger mistake was buying in search of a big dividend then holding as it tanked day after day. Then you finally sold at bottom. Buy high, sell low?
No way will MTW reverse its fortunes. Neither ice making machines nor cranes have much potential. Share price performance is atrocious due to earnings that continue to slide. The yield is insignificant. Why would anyone buy into this failing company? They can't spin off one of the business units because there are no serious buyers. They try but no one wants these ponies. I closed MTW position at 29.33 and dodged a 38.4% capital loss. The writing was on the wall 2 years ago.
Sentiment: Strong Sell
Then you got hurt even worse. PLOW shareholders have proven to have weak hands. They don't buy into weakness, they sell. This compounds the losses. The hope is they buy into strength and compound the up days.
yep, more players about. nonetheless, i have been impressed by the size of the crowd at Wendy's. IMO, their product is at the top of the food chain and they are Best in Class for "fast food". i see a very diverse clientele in age, race and gender. teens, oldsters in for group lunches, moms with the kids. have been so impressed i opened a small position in WEN. the yield is modest but i anticipate capital gains as i expect quarterly earnings to improve YOY. the same sure can't be said for MCD. their putrid food is beginning to catch up to them and i bet WEN picks up market share. with lower gasoline prices, and increased disposable income for consumers, i am betting WEN continues to improve both revenue and the bottom line.
IMO Long Term Sentiment = Buy