and when it drops in that 3.78 range I will be buying 4,000 more shares....great income producer, hedged, ton of assets, producing great cash flow just needs some positive acknowledgement from analyst. IMHO and not being stupid I think this baby with $8.84 BV and a 1 yr price target of $11 in 2 years this stock will double.
Sentiment: Strong Buy
WMC is now like all the rest (its not best of breed anymore) $13.89 BV x .90% discount to book =$12.50
I have 3000 shares and going to decide to dump this weekend or avg down.
The runup will start soon.......especially since the conference call will be before x-dividend on 7-30-15
x is 8/11 did they do that last time?
BIOTECH, I too noticed the sentence directly under the distribution announcement trying to let everyone know "cool your jets ---we are on top of it".... more will come out during conference call. Your one of the brightest people on this board so keep posting.
Everybody getting slaughtered hedged not hedged Yield will come back in line MEMP will soon rebound IMHO oil will be headed back up toward middle or latter part of this week. Lots of energy reporting next 3 weeks.
Things will turn maybe not as high as they were that will take some time but they will bounce soon.
Analyst Estimates a 58% increase in production this year with a 22% increase in profit !!!!!!!!!
Maintaining the divvy and showing the market they were smart enough to hedge the price will rebound by itself. Also I think you will see a pop in oil prices towards the middle/latter part of this week.
A stock buyback actual and lets say with a combination 23% divvy reduction putting it at a $1.00 /year
they should be in great shape paying back debt and so on. If they did I would buy another 8,000 shares and
on top of what else I have and I will getting an 18.5% return and a $20.000 / year annual income and be a 36%
discount to BV. So I am good with it no more though.
I think the floor is in @ $4 and they report 8/6 after market closes (I hate when a company reports after market closes) and declares the next distribution....hopefully. They really need to be more transparent SEC allows some room without disclosing the farm. I think we have a management problem as well. This needs to be addressed. Because of the hedges the DCF will be there to pay the dividend or do they decide to pay debt down. I know I got into this because of them splitting cutting the divvy in half and after offering new shares....so I tell myself "there is no way they will cut it again, bargain price $8.84 BV, hedged till 2019, killer yield, sell 2 of my losers not doing anything and make it up here"
I pray they come with some good news or I am f@%$&*.