No, because my core position of 11,000 shares at a weighted average cost of a hair over 11.01 is enough for me at the current yield which I expect will continue to be low until the expansion projects are finished in a few years. The short version is no because I am a yield investor.
If I were much younger and much more interested in growth for later income, I'd be buying like crazy until somebody invents a better mousetrap for copper or scco does something stupid like buying into a business it knows nothing about.
Copper is cyclical as well as seasonal. Accept it and the volatility that goes with it or stay out. As long as copper is an essential metal with little competition in many applications, SCCO is well positioned as close to the lowest cost producer with the largest reserves. All copper miners produce all they can and sell all they produce. The price is set by the world market. The only thing left to differentiate the best from the worst is cost per pound. If you want to invest in copper for the long, long term, imo, scco is the place to be.
Only 34.5% of today's reported volume of 400K was short. No need to use ammo when nutso market freaks out over fed minutes.
Compared to the whack many reits took today (sui off 2.5%), nrf did very well on very low volume.
What will tomorrow bring?
Between pipelines and reits I've bought about 3 dozen over the past couple of years on the knee-jerk over a follow-on offering. I've made money on every one. Lemmings are lemmings. The dilution freaks are as reliable as the sun rising. They just can't or won't understand that 99% of these offerings are to fund accretive growth.
With respect to GOOD, they typically close on a new property with their line of credit. After this property is in service producing accretive cash flow, they issue stock to pay down the line so it has capacity for the next property, typically when a closing is near term.
GOOD brags in its press releases that it has never reduced, delayed or skipped a dividend. If this language is ever substantially modified or deleted, get the hell out. Otherwise, collect 12.5 cents per share per month, mostly tax deferred, for as far as I can see. This dividend won't increase in the next 5 years, imo, but starting at over 8% tax deferred is a good enough for me hedge against inflation.
Contrary to the dilution freaks knee-jerks, the reason for the offering is to buy more properties.
Gladstone simply would not issue stock unless pending deals were accretive with leverage. That's the way equity reits work.
Any price under 18 means more than 8.33% yield which is mostly tax deferred return of capital.
No home run here as vacant properties are expensive to carry and renting these will simply mean Gladstone forgives less in management fees. BUT, as he has demonstrated over the past couple of years, he will eat as much in fees as is necessary to maintain the 1.50 dividend.
Buy it for what it is.....a tax deferred annuity.
GOOD has another common offering today at 18.15 (from 18.75 close). IMO, any price under 18 = more than 8.33% yield, mostly tax deferred and a buck on the price.
No home run here, just safe yield if wrong, and a fast 3% to 5% if right.
Huge push by shorts, continuing the downward momo after yesterday's spike to 9.99.
1.882 million short out of 2.279 total volume on 3 reporting exchanges......82.6%. No wonder price went down significantly with that kind of pressure.
Oh well, chalk today up to the short side. Took a lot of ammo, but they won.
I don't care what you did for me yesterday, I demand you do something for me today. Gimmee-a-break!!
On 12/31/11 it closed at 4.77 and the last dividend was 12.5 cents.
Today it closed at 9.65 (up 102.3%) and the last dividend was 21 cents (up 68%).
I ain't frustrated. I'm thrilled. As long as the growth ball keeps rolling and the dividend keeps increasing, I am stuffed to the gills with patience.
Too bad that is not the price they use to issue shares. They issue using 4 decimal places. They post 2 decimal places to their website. Therefore, the website is not the correct price.
After close on 11/18
Cost = 9.8786.....talk about getting screwed. Stupid jerks had until after noon to buy in low 9.80s.
I doubt it's drip buying. AMTD is the only one I know buys the day after the pay date. Comment about Schwab still not posted seems strange to me based on other drip surveys I've done, but time will tell.
Could be a tute wanting in in a big hurry, but I doubt they are that dumb. Same with manual short covering.
I suspect some combo of buying and stealth short covering hit a short stop, which caused a bump which triggered the next short stop, etc. I think something triggered a cascade of short stops, each one at a slightly higher price until the chain of stops was exhausted. It may have started with covering after seeing the cash hit to the short account Friday.
In any event, it's nice to see high 9.90s again. I hope 9.90 holds, as it should shake the shorts who may begin to understand that the next hit is 22 cents.
"As of November 14, 2013, we received and accepted subscriptions in our offering for 0.9 million shares, or $8.7 million, including 0.2 million shares, or $2.0 million, sold to an affiliate of NorthStar Realty Finance Corp"
Gee, it was 7.2 million thru 11/11.......1,5 million in 3 days.
Income 2 and Healthcare won't add much to 4Q, but the rate of collection is accelerating. It won't be long for the rate of collection to exceed 100 million per month combined, making 1 billion collected in 2014 seem low.
Shorts in a heap-o-trouble. Longs just need to be patient. The tide is still coming in.
No, jerkoff, you cannot get the correct drip price from the ETP website. Where on the ETP website does it say it is a waste of time to talk about it here? That's YOUR edict, as if you were in the #$%$ hierarchy. Shove it.
Who the hell are you to decide what ETP-related topics are worthy of space on this message board?
You been trained by Obama?
Don't like it, don't read it. F you. I'll post whatever I want.
"......and I spend a lot of time verifying your numbers in order to learn myself."
Excellent. Learn how to learn and you can learn anything if you work hard enough.
To get real good at it you need a basic understanding of accounting as it is the language of business. Two semesters of Accounting 101 are enough.
A course in logic helps a lot. What I call here a reasonable inference is really inductive reasoning which is very different from deductive reasoning. The "tea leaves" are premises from which I draw an inductive conclusion.
Statistics, which includes probability theory, also helps. It's nice to have a feel for how likely it is your inductive conclusion is correct (aka confidence level).
I am more than willing to help those who are trying to help themselves. Freeloaders and lazies need] not apply.
I'd rather teach you how to learn. Go to the nasdaq website and look for NRF ownership. When you find the tute page with numbers matching mine, you'll have the answer to your first question. When you find the page, read it until you understand what info is being conveyed.
As to brokers, that's the price you pay for a margin account. If you don't want your broker making money by loaning your shares, move those positions to a cash account. Then they cannot loan those shares without asking your permission, which you will grant for an appropriate fee. Don't hold your breath waiting for this to happen.