I know where you're coming from, but I think there is more time. It is still a month till Q4 dividend declaration. Being as they hit a home run in the REITs theatre in Q3 I would think they have more share appreciation coming their way. Maybe about 3 weeks from now. Unless there is a deal in their MBS market they can't resist at present, I think this easily extends over 7 before another SPO is launched. We'll see.
I opened another. Between the BAS earnings report, the CC, the sudden spike in pps, and the chart technicals it was begging for it. I covered the one you are thinking about long ago. Most of the short plays I use in energy sectors are also short term. My buys are more a mixture of short and long term at present.
TWTR may well get my largest short position of the year. What do you think Groove? It's going to be a cold winter from the looks of it and KEG appears acceptably well positioned going into Q1 2014 considering seasonal slowdown.
Just the improvement in pension liabilities going forward is staggering. Looks like some synchronicity coming to ACMI. Available assets to increase revenue more. Certifications finally done. Taxless through 2015. Things are indeed looking up.
I think a lot of the pps gain is being driven by forward looking statements. You seen BAS lately? Earnings were unimpressive to say the least and they soared over 17 yesterday (at which point I popped a short position). I say the next earnings report will bring this balloon down quick aka, their recent CC.
The Yahoo stated target just got raised for Keg to just over 9. I'm staying seated on this train for quite a while longer. I read the CC and it was mostly positive to me, especially concerning 2014 revenue streams.
I have to say some of you NES followers have made it continuously more difficult for the KEG followers, whose message board this actually belongs to, to follow their holdings. When you post blaringly negative comments on here and don't bother to mention what stock you are referring to it does the whole board no good. I sympathize with you guys not having a message board and many of us here were kind enough to have you post over here without complaint.
What we don't want is this board becoming a mess. You want to post about NES, ok. At least try to keep your threads more contained and make discussions within them, not all around them. We may not post here that much, but we really don't want to turn the house into a garage.
Thank you for your understanding.
I'm watching companies all over the spectrum miss on earnings this quarter. NYMT ended up being one of the few winners I've seen. Between the yield at this pps and the good earnings and book we should be over 7 again in the near future. Keep it going!
Wow Bud! We ran into alligators numerous times, but never a scorpion. I learn something new every day and much appreciate the new knowledge Bud. Yea, they've been building more condo developments and carving out more residential plots out of the jungle. Ding Darling is still as it's been. Shell hunting was always phenomenal, something different each season. My wife and I found literally bucket loads of perfect shells. We'd sit down with a tube of hobby glue and go to town. It was fun to get up before dawn and watch couples go by with flashlights scanning the shoreline trying to beat the crowd for the biggest and best shells. :o)
This stock sure doesn't get the impacts from news as it once did. I've noticed that also. A good reason why management will need to generate its own news eventually.
I try to vacation on Sanibel Island myself. What a place to let your daily cares just drift away with the Gulf surf! GREAT seafood at Gilligan's. The kids I visit are in Pensacola. We like that area a lot. :o)
We have the deer, turkey, and box turtles here where we live now. But definitely no scorpions! Yikes!
"On October 19, 2013 FTSI President Richard Hunter received the attached letter of resignation (Exhibit A) from BOD member David Nicholds. Mr. Nicholds did not provide a reason for his resignation in his letter and the registrant is not aware of any disagreements on any matter relating to the operations, policies or practices of the registrant. Mr. Nicholds provided the registrant with an email regarding his his resignation (Exhibit B). The registrant believes this email stems from a 13d filing by a major shareholder requesting a special election to replace Mr. Nicholds and two other directors."
From filed 8-K
NEW YORK (Reuters) - Bank of America Corp was found liable for fraud on Wednesday on claims related to defective mortgages sold by its Countrywide unit, a major win for the U.S. government in one of the few big trials stemming from the financial crisis.
Following a four-week trial, a federal jury in Manhattan found the Charlotte, North Carolina bank liable on one civil fraud charge. Countrywide originated shoddy home loans in a process called "Hustle" and sold them to government mortgage giants Fannie Mae and Freddie Mac , the government said.
Is it possible some of these loans were incorporated into tranches purchased from both FMs by publicly traded REITs? If so, would these REITs have legal recourse to sue?
Yes, it does make sense under certain circumstances Bud. If a stock is being depressed based on technical factors (charting algorithms) rather than fundamental factors and the depression is more the result of shorting shares rather than selling from existing holdings, then indeed it can create a condition that produces a short squeeze when fundamentals pressure a rise in the share price. A sudden covering of short shares can raise the share price quickly and substantially.
But if a stock is being depressed due to an expected erosion in fundamentals, that will greatly limit potential upside movement.
I was surprised also. GE said the money is hedged by collateral. But RSH as a company is worth less than the credit line. I hope this works out.
People talking about GE, the stock? I thought for years this was a political extremist forum. Way to break through Faaqcee!
I'm expecting a .02 dividend increase myself based on earnings. They sure are sitting on a lot of cash.
Where has the build up in debt come from? What does it show on the books? With all the talk of where the injection was intended it still ends up the old "trickle down" scenario. Why did that happen?
Thanks. The goal was 20% by this month and we ended up with 30% altogether. The positions weren't that large by our standards, but every little bit adds up. It takes time to both build up and dissipate a position of any size here because of the low share pool.
There is a host of reasons FA may have for wanting to restructure the BoD. Usually it is quite an involved process to remove board members and most times removals originate from within the board itself. The main reason is fairly obvious...FA does not believe these board members are contributing to the future of the company as seen by both parties. I believe there have been quite a few posts suggesting possible inadequacies within the board (including my own). It pleases me greatly to see FA showing the same concerns and taking action. I can only assume at this point that this intervention will result in a positive for shareholders down the road.
Keep in mind that Dr. Hunter will likely be ready to retire in the next few years. Others on the board are also approaching this threshold. Now is the time to introduce more progressive thinking so that when the gold watch day does arrive, one of these proactive administrators can take over and be fully and completely in detailed tune with the company and all aspects of its operation. I'm not so sure there was room to add a couple more board members to the list for removal, but again, you have to start somewhere. This company does indeed have more potential. Their customers and conventional business practices have given them the path forward. It's time to install people who wear different hats.
Short position totally closed. It ended up yielding a 19.2% return. So I have no skin in this game for the time being. My focus now turns to how FA does with this special shareholders meeting. I would think that even if they cannot remove the 3 directors they have identified, they have sent a very strong message. Change in one form or another is going to happen here.