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Verenium Corporation Message Board

fred_c_dobbs00 10 posts  |  Last Activity: Apr 16, 2015 7:52 PM Member since: Aug 2, 2009
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  • This fund may not be the highest dividend payer, it's about in the middle of the pack with a distribution rate of around 9 1/2% but it is selling at a discount of about 10%, it only has a downside risk of 59 cents but an upside potential of $2.25. If that's not enough it has a EPS:DIV Ratio of 105% meaning it takes in more than it pays out. Furthermore, the fund has a UNII of +$.9316 which is the highest of the 48 funds I track. That means they are sitting on a boatload of cash so there is virtually no chance of a dividend cut in the foreseeable future like so many CEF's seem to be doing lately. FHY holds the distinction of being in first place of the 48 funds I track.
    In fact I just bought more today.

  • Reply to

    PHK taking BIG dump today

    by houtech0829 Apr 9, 2015 1:44 PM
    fred_c_dobbs00 fred_c_dobbs00 Apr 11, 2015 4:33 PM Flag

    Big mistake poppa. Of the 48 CEF's I analyze PHK ranks near the bottom in 4 out of 5 catagories . The only catagory it does well in is dividend and even that is a problem in that they are barely making the income to support it. I would rate PHK as a grade 4 Strong Sell.

  • fred_c_dobbs00 fred_c_dobbs00 Apr 8, 2015 2:22 PM Flag

    had you forgotten you already posted this garbage 15 minutes earlier #$%$?

  • Reply to

    Wolves can solve the homeless problem

    by ratfinkboy Mar 6, 2015 11:25 PM
    fred_c_dobbs00 fred_c_dobbs00 Mar 7, 2015 12:11 PM Flag

    Probably a Republican, no big loss.

  • Reply to

    YYY - An ETF composed of CEF's

    by edjones1053 Feb 3, 2015 2:16 PM
    fred_c_dobbs00 fred_c_dobbs00 Feb 14, 2015 1:39 PM Flag

    Dumbest idea I ever heard.

  • Reply to

    CNG vs electric

    by teach_162 Feb 10, 2015 4:42 PM
    fred_c_dobbs00 fred_c_dobbs00 Feb 13, 2015 10:22 PM Flag

    OK let me see if I got this straight. Lets say you're planning on taking a 100 mile trip. You start out with a full charge and drive 25 miles @ 75 MPH that takes 20 minutes
    Stop to recharge 60 minutes
    drive 25 miles @ 75 MPH 20 minutes
    Stop to recharge 60 minutes
    drive 25 miles @ 75 MPH 20 minutes
    Stop to recharge 60 minutes
    drive 25 miles @ 75 MPH 20 minutes
    Arrive at your destination with a dead battery.
    Time spent 4 hours 20 minutes
    Average speed for trip 23.09 MPH.
    Using the fast chargers the average speed for the trip goes all the way up to 35.3 MPH
    A model T would be faster than that.

  • Reply to

    They finally cut their monthly dividend.

    by kansaskeith Feb 3, 2015 2:48 PM
    fred_c_dobbs00 fred_c_dobbs00 Feb 6, 2015 7:43 PM Flag

    I haven't had a position in PHT for about a year. Prior to that swing trade I was very heavy into this fund. My first foray into PHT was in 2007. Over the years I've made nearly $15K in cap gains and over 31K in divs. The one dependable thing with this fund has been the stable dividend. You could almost set your watch by it. At the current share price the fund is paying 10.16% which isn't bad at all. The problem is though, if you calculate the div % at what YOU paid for it you're not getting anywhere near that rate. The price has dropped to a point where the rate is fine for a new investor but if you already had a position at anything like where PHT had been trading you just got a haircut. Been there!
    PHT isn't likely to go back to the PPS of the past with this new div rate because if it did, it would be paying just over 8%. There are tax free Munis that pay more than that when you factor in the taxable equiv rate.
    The unvarnished truth is that existing shareholders just took a hit. What to do? Average down, wait it out and accept the lower rate, take the tax loss and move on. No great choices.

    BTW, PHT is a Pioneer fund, PTY is Pimpco, apples & oranges.

  • fred_c_dobbs00 by fred_c_dobbs00 Feb 3, 2015 1:24 PM Flag

    CORN is up $1.00+

  • Reply to

    Dividends and jealousy?

    by caplockoff Feb 2, 2015 4:39 PM
    fred_c_dobbs00 fred_c_dobbs00 Feb 2, 2015 8:53 PM Flag

    Anybody who doesn't realize that the rate they get from the dividend is based on what they paid for a share of stock has no business trading in the stock market.

  • Reply to

    15% + ????

    by noahvox2 Jan 8, 2015 3:33 PM
    fred_c_dobbs00 fred_c_dobbs00 Jan 31, 2015 9:53 AM Flag

    It's called a CGD or Capital Gains Distribution. Funds do that at year end to distribute any investment gains they've made during the year. Unfortunately most of the reporting agencies like here and Scottrade and others, don't call it a CGD they simply refer to it as a Dividend. Several years ago Scottrade listed a CGD for a fund I held which was about half of the normal distribution rate which led me to conclude they had cut their div in half so I quickly bailed out of the fund missing the CGD and a very nice pop in the PPS. I'm sure I'm not the only one who made this error. Live and learn.

3.990.0000(0.00%)Oct 31 3:59 PMEDT