Why don't you just sell your shares, go buy a CD, and quit your liberal cry-baby whining?
Or better yet, why don't you hire a bunch of lawyers and tell them your pathetic story about how the big guys are peeing all over you? I'm sure there is some shysters out there willing to take your money.
There are 60mm shares short / 833mm shares outstanding = 7.2% of shares short
The public float BEFORE the spinoff was approximately 128mm shares (GE owned 705mm shares), so that is why it appeared there was 47% of the public float short.
Yeh like SYF is going to immune to the market chaos.
Meanwhile, you can't even admit your 47% short post was total BS.
You sound like a cry-baby liberal who always whines about someone else who might have more money.
I believe CEO said yesterday that SYF is partnering with companies such as Apple and others on those new payment platforms. She also made a presentation at an investor conference, so I would think there may be some info in the transcript.
Your theories are nonsense. In this case, why has short interest fallen by 2/3? Accordingly the price should be rising, right?
SYF's short interest ratio is now 2.2%, LOWER than GE.
11/30/2015 19,215,241 35,005,113 1.000000
11/13/2015 60,461,270 23,370,247 2.587104
Wrong once again. You really need to move on.
I don't own GE or really care for that matter. This is the SYF board.
But any idiot can see that the whole market is down ~5% this week.
Some individual stocks are down 10% or more...this week.
Why would anyone think GE would be immune?
I agree that every post you make goes off on a different tangent. You won't defend your false statements and seem bent on rehashing the spinoff. It's over and done.
Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure
The Board of Directors (the "Board") of Ares Dynamic Credit Allocation Fund, Inc. (the "Fund") (NYSE: ARDC) has authorized the repurchase of shares of common stock of the Fund (the "Common Shares") on the open market when the Common Shares are trading on the New York Stock Exchange at a discount of 10% or more (or such other percentage as the Board may determine from time to time) from the net asset value ("NAV") of the Common Shares. Upon completion of required shareholder notifications, the Fund may repurchase its outstanding Common Shares in open-market transactions at the Fund management's discretion. The Fund is not required to effect share repurchases. Any future purchases of Common Shares may not materially impact the discount of the market price of the Common Shares relative to their NAV and any narrowing of this discount that does result may not be maintained.
Share Repurchases Risk. There can be no assurance that repurchases of the Common Shares, if any, will cause the Common Shares to trade at a narrower discount to NAV or at a price equal to or in excess of NAV or prevent or reduce any decline in the market price of the Common Shares. Any acquisition of Common Shares by the Fund would decrease the managed assets of the Fund and therefore tend to have the effect of increasing the Fund's gross expense ratio and decreasing the asset coverage with respect to any leverage outstanding. Further, the Fund will incur transaction costs in connection with any share repurchases, which will be borne by the Fund. Any repurchases of the Common Shares will be subject to certain conditions under Rule 10b-18 of the Securities Exchange Act of 1934 and other applicable laws, including Regulation M, which may prohibit such repurchases under certain circumstances.
So you have no suggestions other than to cut the dividend.
I understand the frustration. I sold all my CEFs a few months ago. It has been a very difficult year and a half.
With that said, I think the high-yield panic of a few weeks ago created some bargains.
Wow I thought the NWLI and ANAT management were bozos for their total disregard of shareholders.
But I think KCLI has taken the top prize for shafting its shareholders.
I hope no one here owns any KCLI and that NWLI or ANAT doesn't get any bright ideas.
Or how about a stock that is even mildly liquid?
Off 3+ percent today on 500 shares traded as of 3:15pm.
Kind of like the management here, really pathetic.
You give no facts and just cry like a little baby.
You lost money for yourself or, even worse, for your clients. They probably think you are an idiot.
You want to control the market like it's there for you to make money. Right.
Now cry-baby boy who lost some money wants to blame others for his mistakes and insult people on this board. How old are you...three?
There are things call CDs. You might look into those, they are for people who can't handle the market.
"ALL my reits are above par" - Makes no sense, REITs are not bonds and therefore have nothing resembling a par value.
"ALL preferred are well above par" - There are many REIT preferreds, especially mortgage REIT preferreds, which are trading below par. Energy companies too.
"These idiots own almost no utilities" - The fund is 25% invested in utilities.
"very low count of reits" - The fund is 39% invested in REITs.
"High quality energy names have done well." - What is your definition of done well? Can you provide some examples?
From the Nuveen site, the top 5 Industries for JRI:
Real Estate Investment Trust 39.1%
Electric Utilities 16.7%
Transportation Infrastructure 8.1%
Oil, Gas, & Consumable Fuels 6.3%