The only important thing here no one has mentioned is that Mexico has now opened up itself for foreign companies to drill. For all those people who where worried about an oversupply of rigs, this will bring about more demand for rigs over the next few years. I'm waiting to see which companies jump into this new opportunity. Once you see which of the big oil's will get in on the offshore Mexico drilling you can follow them to see what kind of drilling plans they put forth and how many rigs they will need to contract.
A lot of the selling in REITs is like you said. It is related to interest rates. Many own REITs through ETFs. When they sell it drives them all down not just the bad ones. I think for the wise investor who is able to sort the good from the bad could get some great deals here. I have been building my position in SNH as it goes lower which gives me a better DCA and yield. I think that it should finally bottom in 20$ range maybe as low as 18$ if the selling gets overdone. My yield portfolio has ESV, SNH, GSK, T and SO.
I agree. You have to stay diversified. There are plenty of great companies out there that pay good dividends like T. Spreading it around and not having it all in one stock is very important.
No. If you look at their dividend history they always raise it in the first quarter of each year.
If you look at the longer term chart, its not quite oversold yet. I think there could be a dip into the 39$ range and I would right there buying with you.
you know what when I first bought T it was right after the tech collapse back on 2001 - 2002 I paid 18$ a share and sold it all in beginning of 2008 for 38.80 talk about dodging a bullet lol. then I bought it back in the 20's after and rode it back to 38.80 again.
I don't have to worry about that my friend. I was able to retire at age 30 and have been retired since. Spent the last 10 years playing in the market with my discretionary portfolio and its up 300% so I think I got it covered lol.
I don't see how that will happen when half their debt is floating rate debt in a rising rate environment.
This company like many others have much of their debt in floating rate debt. I had been interested in it for a long time but decided not to buy it after I found that out. As rates rise they will feel the pressure on earnings. Maybe not in the short term since they hedge it but once those hedges roll off it will be a big pressure on earnings as debt interest rises. I have been focusing on good yielding stocks with fixed rate debt.
You need to keep up the good work. For me to fill my total position, it has to go to 30$. I think Santa has left the building and took his rally with him.
Don't waste your time jockne40. the only people on this forum anymore are shorts which speaks volumes to me. Just let them spout their BS. They are only talking to them selves. Right now the stock is under pressure cause people are selling it to take tax losses to offset the great gains they had elsewhere. It must be a hard year to be a short. I plan on filling the rest of my position at the end of December after all the tax selling is over. Should be a good year in 2014.
I am just amazed someone other then me on these forums actually listens to these things lol
your correct. 90% of the people on this board are shorts. Most of them have no clue about the actual company themselves. They just make stuff up lol. Anyone who has read the 10Q's can see right past their ignorance.
Do you people ever actually read a conference call or 10Q. I doubt not. They have nat gas locked in already for 3.84 with delivery
it was earlier this year, but if you listened to the last call, they said they didnt see any needs to issue new stock for the forseeable future. Once they sell off those Medicare related assets they will have plenty of cash to reinvest in new properties.
Under normal economic recovery the veiw is as rates go up you sell dividned stocks. This is cause stocks and bonds compete for investment dollars and US treasuries are considered to be Safer. But, in a normal recovery, you dont have the FED buying 85B worth of treauries every month creating a bubble. This is why you should be buying dividend stock as they sell off with higher rates. When the FED finally begins to taper the bubble will pop. It will be ugly and I dont think anyone in their right mind will want to jump infront of that train.