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Costamare Inc. Message Board

h5n1eric 20 posts  |  Last Activity: Jul 10, 2015 2:12 PM Member since: Jan 15, 2009
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  • Reply to

    G vs. H preferreds (divergence)

    by h5n1eric Jul 6, 2015 4:48 PM
    h5n1eric h5n1eric Jul 10, 2015 2:12 PM Flag

    hahaha,...I see that NM-G just popped to 19.72...and my rough calcs put "fair value" (based on comparative yields) to around $19.40 , for the H shares ...which happen to be selling at $18.58 right now...I LOVE THAT GAP...It's a bloody gift, imo...(but remember - it's gonna look rather odd until the "entity" is done selling shares of the H off the shelf....yeah...NM company, most likely raising cash...that's my bet...and they will stop soon...and the boot will be lifted from the H shares...and get back to 'yield parity' with the G shares...or...or, the G will have to drop back....WHY anyone would by the G shares now, is BEYOND ME !

  • Reply to

    G vs. H preferreds (divergence)

    by h5n1eric Jul 6, 2015 4:48 PM
    h5n1eric h5n1eric Jul 10, 2015 1:34 PM Flag

    yeah....always risk/reward to consider...I figure it's moderate risk with the potential of high reward via appreciation + yield....And, yeah, I do use "dividendyieldhunter"...and yes, I do believe that NM is a better company then ones like CMRE/DSX...i.e. I think the yields are crazy...but such things exist for now...and yes, it's also a 'play' on the yield gap between the G & H shares...ludicrious...So, yeah, I buy the H shares...and when I get some more dividends, the money will go into more shares...I just hope the gap in pricing / yield remains for now.....whatever.

  • Reply to

    G vs. H preferreds (divergence)

    by h5n1eric Jul 6, 2015 4:48 PM
    h5n1eric h5n1eric Jul 7, 2015 11:44 PM Flag

    NM-H ... 11.89% yield
    NM-G ... 11.29%
    ...basically identical paper...I'd say the pricing gap is 'around A BUCK'...Either G is overpriced...or the H has to rise, to close the gap...or a bit of both,.... until they get closer on yield, imo....could take awhile...seen it before in other preferreds - I'd say this 'entity' has to stop selling H shares into the market...whatever entity that may be (I felt it was the company, to raise cash for that recent deal / needed $14 mil cash...but have no confirmation whether they had additional shares 'on the shelf' to sell, but seemed the most logical explanation for the 'gap' (and did see some unusual volume in the H awhile back, with 4x normal volume days....but it'll stop at some point. GL

  • preface: not a recommendation to buy either preferred, but I have noticed that the H shares sell at a significant discount, to the G shares....In the past, I used to subtract about 30 cents off the G's price, to get a 'fair value' for the H shares, on yield vs. G...And right now, with the G shares at 19.55 , that would put the H shares around 19.25, for a similar yield...but the H shares are at 18.09...about 1.16 discount...roughly.

    My feeling is that NM (company) had some extra H shares 'on the shelf', and opted to sell them in order to raise some cash for that deal they just made...they needed to divy up $14 million cash in that deal...I think that may be the reason for the divergence between the G and H pricing / yield.

    I've seen this before with other preferreds I've owned...and it can take months before they begin to equilibrate on yield...so, have to be patient...But if I were to buy one of them, I'd certainly go with the H shares...and cost avg them...and then wait.

  • h5n1eric h5n1eric Jun 1, 2015 3:10 PM Flag

    actually, would be better for Cramer to come out and bash the stock - that's when I generally make very good money...going long...I piled into WAG when Cramer bashed it...got to $27-28 area...piled 1/2 my money into it....That was my best investment...but I just don't see any screaming gems....I live for recessions and fear. Now, it's slim pickens, so I just park money into dividend stocks and preferred stocks (or bashed stocks that are decent companies, as WAG was)...I'm just waiting for 2002 / 2009 times to return. I know other people do well, being momentum investors...I suppose you could call them Central Bank investors / Weimar...but I'm just never comfortable paying big historical premiums for today's stocks...so, it's times like this that I don't do as well...I NEED TO SEE PAIN....and well, POT is at a 52 week low....so, it's the best I feel I can do...and don't get upset, but I'd love to see $28 before this downside subsides...Then I'll probably have what I want into it, by then...BUT CRAMER COULD HELP OUT...give a bad commentary on natl. tv...in the morning...please......that should be 'the kitchen sink'.

  • h5n1eric h5n1eric Jun 1, 2015 1:08 PM Flag

    ...and I know that RAY DALIO took a position (or doubled his position) back in Feb...Hey, I cannot think of 2 better investors to follow...and well, since I'm just a very recent buyer, I guess I got a better price than they did...hahaha...(I just had the idea of hoping this stock stays weak...and gives me more decent price drops, like today...and well, I could see just putting most of my money into it...I mean, heck, would be better than a bond, probably, with the 5% yield and adequate dividend growth rate, vs a 3%, 30-yr bond with no yield appreciation(fixed)...I'm not looking for "sexy"...and I'm not all that comfortable with the world and central bank situations...Would just be a very boring place to put some money and get cash flows - and unless a meteor hits the mines, I know they ain't going away...gimme "boredom".

  • h5n1eric h5n1eric Jun 1, 2015 12:08 PM Flag

    well, I'm a new investor....but as you say, maybe I can keep cost averaging, for years...but I like the almost 5% divy....and if it just covers the stock price drop, fine...Generally, being one who desires 'cash flows', I try to ignore the prices of stocks...and focus more on nominal payouts, payout ratios, divy growth rates, etc...I did see that it went to around $20, back when we thought the 'end-of-world' was near...2009...Frankly, if they can keep going lower and the divy yield keeps rising, well, I'll just add to it....but I'm definitely not normal !

  • h5n1eric h5n1eric Jun 1, 2015 11:06 AM Flag

    well...actually we are seeing the yield rise !...hahaha...as the price drops...maybe when we hit the 5% yield mark, on the plunging stock, then we'll level off....good luck...x date coming soon

  • h5n1eric h5n1eric Jun 1, 2015 11:03 AM Flag

    bought some more today, at 30.67...making new 52 week lows....I just cost avg my recent positions...I'm probably down about 2.6% overall....so, that eats into the divys...but, Lord save me, I'm just attracted to what people seem to hate...Actually, it's more of a parking place for some funds...certainly not overvalued, imo...but just not sexy....I'm just gonna keep cost averaging as it 'plunges' lower, making new 52 week lows, shaking out investors....Can't make the case for better potash prices...but then again, the stock has dropped from the 52 week high of 38.58 (over 20%?)...so, seems to be aggressively discounting things. So, no, I cannot tell you where the price can go...just that I'll continue to buy, on good price drops...and take the almost 5% yield, to help cover the price drops. Good luck....if you hate the pain, maybe get out?...some do that...I understand....so, where do you go?...maybe buy stocks selling at 52 week highs and follow the crowds? I just can't buy stocks with these lofty valuations...but all the funny money out there certainly keeps overpriced stocks stay afloat....crazy times (central banks)...Would like to see BHP come back and make a bid, and not have the Canadian govt nix the deal...again.

  • Reply to

    Thanls - TD Securities...

    by gordonfan4life2 May 29, 2015 4:06 PM
    h5n1eric h5n1eric May 29, 2015 5:52 PM Flag

    Yeah...I cost avg'd it today...on the recent weakness....I saw that the "dividend growth rate" is a tad above 8% (much higher for the 5 yr divy growth rate...but I take the lower, more conservative number)...and well, I divide 8 into 72...and in 9 years, the yield should double, with reinvestment...to 9.4%...I don't pay much attn. to price drops on my dividend stocks...more focused on "cash flows"...and I just cost avg when opportunity comes...lower prices. Don't like buying stocks at 52 week highs...not me. I like what people HATE...But yeah, they can easily droop lower...I don't really care...just add more, over time.

  • Reply to

    Reason for the Pressure

    by steri318 May 15, 2015 12:42 PM
    h5n1eric h5n1eric May 16, 2015 12:25 AM Flag

    Frangou Angeliki increased Position in Navios Maritime Holdings Inc

    Frangou Angeliki has filled a SC 13D/A form regarding Navios Maritime Holdings Inc . Per Frangou Angeliki’s filing, the filler reported increased stake in the company by 4.55% to 29,044,799 shares. Frangou Angeliki now owns 26.3% of the company. This form was required due to trading activity on May 15, 2015.

    Why Frangou Angeliki Holds Navios Maritime Holdings Inc
    Item4. Purpose of Transaction

    Ms.Frangou haspreviously disclosed in this Schedule13D that she intended, subject to market conditions, to purchase $20million of Common Stock. As of the date hereof, she has acquired approximately $10million of such Common Stock and stillintends, subject to market conditions, to acquire the remaining $10million of Common Stock. Neither the vesting and transfers reported herein nor the acquisitions reported in Amendment No.5, Amendment No.7 or Amendment No.8to this Schedule13D will be applied by Ms.Frangou towards such remaining $10million.

  • Reply to

    Why the drop?

    by kntryhick May 11, 2015 5:35 PM
    h5n1eric h5n1eric May 12, 2015 1:11 PM Flag

    basically, people worry about rising rates on bonds, competing with utility yields...and probably some players shorting the utility etf's for the quick buck trades right now....just games...rates have been moving all over the place...but if they do rise over time, then fixed income stocks and divy stocks can get pushed down....zzzz...be my guest...I had lots of cash, so when these fixed income, cash-flow thingees bled, I started to cost avg them, recently...I will say tho, that I'm a stubborn guy...and don't like crowded trades....so, I tend to go where the experts say not to go...just an ornery guy !

  • Reply to

    Dividend

    by dannybill2001 May 12, 2015 11:07 AM
    h5n1eric h5n1eric May 12, 2015 1:06 PM Flag

    I believe it's either tomorrow...or the next day...CNP / SO are going x divy 'tomorrow & next day'...I was buying the early morning dips on these 2, selling at/near 52 weeks lows - sure, all the rate rise angst...zzzz...I just cost avg them...and get the divys for 'cash flow'...and basically ignore the price swings. So, some utilities yielding close to 5%...then have some preferreds, yielding 9-10+%...like RSO-C / NM-G / NM-H ....and a few common stocks like BBEP / DPM / HCP / POT...and a few mortgage reits recently, like CMO / AMTG / CYS.
    I JUST KEEP PUTTING THE DIVYS BACK INTO MORE 'OF THE ABOVE'...and if they bleed on price, then the new money gets better yields...(and with this lousy economy, unless inflation really takes off, I'm not all that concerned with rates...they can go where they wanna go...zzzz...) GL

  • Reply to

    NM & RSO preferred stocks/yields...

    by h5n1eric May 9, 2015 1:31 PM
    h5n1eric h5n1eric May 11, 2015 7:43 PM Flag

    I meant NM....jeez...now you me all loco....contageous

  • Reply to

    NM & RSO preferred stocks/yields...

    by h5n1eric May 9, 2015 1:31 PM
    h5n1eric h5n1eric May 11, 2015 7:41 PM Flag

    what???...I fail to see what the prices of the stocks has to do with YIELD...

    YIELD A vs. YIELD B...KNOW WHAT I MEAN....?...i.e. if you buy 5.45 x as many shares to equal 1 share of the preferred, well, the MN shares will still yield 6.3%....Good God...

    you need to...ahhh...oh, try an index fund and get another hobby...truly...I'm just looking out, for you...friend. HAVE A GOOD DAY

  • For those interested in "preferreds"

    NM-PG ....yield at 10.75%
    NM-PH ....yield at 10.70%
    (prices have come down about 10%, adding about 1% to their yields, recently...cost avg into them...)

    RSO-PC yielding 9.45% (the A & B RSO preferreds yield around 9.1%...so, I always play the higher yield...has always been the best choice...i.e. RSO will hold up better on price, vs. the other 2)

    ** I only put about 10% into any preferred...and I cost avg them, over time....Rate changes can affect them, so I like to cost avg em'...but I've not been on the band wagon calling for higher rates, as the experts have been doing for years now...But eventually, if the 10 yr bond rate rises, well, I just add to the preferreds of they drop in price, giving me an even better yield...and, I'm only interested in "cash flows" as a senior...the 'prices' do not bother me (not a trader or seller)...up or down...Back in 2009, I found preferreds pushed down in price and the yields went to 12-16% in some cases...so, drops in 'price' turned out to be good opportunities for me, to put in 'new money' at even better yields...good luck. (ps LTS-A is also a decent preferred...pays monthly)

    *** and yes, I bought some HCP the other day...after the pullback...I believe it's a "dividend aristocrat" stock, but would have to check - they have thye track record of raising their dividend every year, for at least the last 25 years (in a row)...the DGR is a bit low, but I do like the current 5% yield...HOLD IT FOREVER...And cost avg it, on pullbacks...GL

  • For those interested in "preferreds"

    NM-PG ....yield at 10.75%
    NM-PH ....yield at 10.70%
    (prices have come down about 10%, adding about 1% to their yields, recently...cost avg into them...)

    RSO-PC yielding 9.45% (the A & B RSO preferreds yield around 9.1%...so, I always play the higher yield...has always been the best choice...i.e. RSO will hold up better on price, vs. the other 2)

    *** I only put about 10% into any preferred...and I cost avg them, over time....Rate changes can affect them, so I like to cost avg em'...but I've not been on the band wagon calling for higher rates, as the experts have been doing for years now...But eventually, if the 10 yr bond rate rises, well, I just add to the preferreds of they drop in price, giving me an even better yield...and, I'm only interested in "cash flows" as a senior...the 'prices' do not bother me (not a trader or seller)...up or down...Back in 2009, I found preferreds pushed down in price and the yields went to 12-16% in some cases...so, drops in 'price' turned out to be good opportunities for me, to put in 'new money' at even better yields...good luck. (ps-LTS-A is also a decent preferred...pays monthly)

  • Reply to

    Trailing Annual Dividend Yield: 6.50%

    by kmx_swing May 7, 2015 11:52 AM
    h5n1eric h5n1eric May 8, 2015 11:41 AM Flag

    ...added some NM-G today....was yielding 10.77% at the time...(on pullback)...just cost-avg them for now, on the current weakness...I think it's a bit better deal than the common shares...no divvy cut (unless they wanna cut the 6 cents off the common)...and no dilution fears, although I'd doubt NM would do a secondary on common now....If they have signif. pullbacks from here, I'll add tads more

  • Reply to

    Trailing Annual Dividend Yield: 6.50%

    by kmx_swing May 7, 2015 11:52 AM
    h5n1eric h5n1eric May 7, 2015 4:12 PM Flag

    well, the preferreds have been hammered the last 2 days...NMPRH yield is now up to 10.66%....added some today.

  • h5n1eric h5n1eric May 1, 2015 2:26 PM Flag

    what a dog, eh....My RSO-c preferred has done infinitely better, return-wise, than the common, which I did opt for yesterday, at 4.41 ...already down 1%...hahaha....Nope, no predictions on price...BUT IT IS A DOG...OR IS IT MGMT??

CMRE
17.13-0.35(-2.00%)Jul 29 4:02 PMEDT