yes mam...I was making $1.25 / hour, at McD , when I was in high school...years ago...and I was happy with that...Just some spending money...a bit of free food....and something to put on future job applications - i.e. that I was a good worker and did my best (busted #$%$ and eventually became a Chemist...years and years of study / it ain't easy !...Those burger jobs are either for "kids" or for a 2nd wage earner in a family - never meant to be a job for the breadwinner...(and last I checked, they don't keep the doors locked, so you're FREE TO LEAVE if you feel 'violated' @!...Go see if Al Sharpton can give you a job...yeah, ask him ! gooooooo
(my son will be going into the AF as a Lt., this summer ... dad - retired Colonel that dodged bullets in WW2 / Korea...me?...oh...NMMI...haha...bum knee) But I try to be particularly nice to those in the service, whenever I come across them, in San Diego....esp. the Seals !
agreed....With preferreds, you don't have dilution fears or cuts to payouts...I do have RSO-C...has been stronger, right after the x date a month ago...Was sorta weird...but I'll take the divvy and the appreciation off those lows....And today, I opted to get back into LTS-A ...Was fun buying it cheaply, awhile back, when the company was issuing new shares - was a great discount/gift...After that, it took off to $25, and I sold it off...But now, it appears they may be bleeding some more shares 'off the shelf...pretty high volumes...The stock is now around $24 ...seems stuck around there, for now...paying about 8.3%....with monthly payouts...So, that's one I've decided to get back into with some cash I have....good luck
Well, I never owed the common...but I did have some preferreds, which I sold off on the big run to $25...but now I see it's around $24....looks like maybe the company was/is bleeding some more, off the shelf...(as they did last time, to give me a real bargain)...Soooo...yeah, buying the preferreds back at a 4% discount to my sale price, earlier - love the cash flows....GOOD LUCK to the common holders as well.
when it gets to $70...I may be interested (to begin cost avg'ing)...not being sarcastic...it's just my price point, given crude prices / strong dollar...and I expect oil prices to remain lower for longer...Same with CVX...gotta come down 20-25% more...for my taste anyway....and FCX to $10 ...and BHP? Maybe $35...but even that may be too high, if commodities keep collapsing....China is "gone".
I was thinking about getting a piece of paper and marking down all the "I's ...but then I remembered I always change the channel when his face appears...Hey, personally, he's fine, I'd imagine...it's the other 99.9% that I have issues with...I MISS REAGAN....I THINK ROMNEY WOULD HAVE BEEN GREAT...WHATEVER...But for me, that last election was a turning point...the idiots outnumber us....and it'll only get worse, perhaps...BUT GOOD LUCK TO CVX LONGS...I'll not post again...(yeah, I hate politics too...but could not resist...sorry)
Sunday eve... headline/article
The weekend is over in New York and near 7:05 pm ET, the price of West Texas Intermediate crude oil was down another 2.5% to $44.45 a barrel.
Additionally, US stock futures were selling off after a mixed week..."
Greek election results shaking things up
I'd probably be looking to buy some, if it drops about 20-25% more...maybe by summer? (if it doesn't pull back into the $70's, well, I'll not get any - just wait for a recession.) I don't think oil's going to recover for awhile...and probably remain low for some time...why? Well, anytime oil gets into the $70-80's, it'll just trigger more shale production, etc etc....So, I think that "the $70's" is probably a ceiling on the price, for awhile...1-2 years? You can put XOM in the same situation - I'd look at it in the summer, if it pulls back 20-25%...and FCX...and BHP etc etc...(given the very strong dollar...and it'll be even stronger Monday /and oil futures are down...well, commodities are still falling - and China's not providing the support it once did...Maybe get some great buys someday...but it'll be awhile, imo) good luck.
well...the yield curve (spreads) keep narrowing...need a wider spread...for future merit paper to pay off well...unless they employ lots of leverage...Maybe one positive tho would be that the book values (nav) are very low...and whenever they've gotten close to 0.8x , they tend to buy back their own shares at a discount....So, if you're looking for any bright spot, that might be it?
esp if the US DOLLAR keeps climbing...pushes commodity prices even lower...I look at ones like BHP / FCX and drool - but then realize they can go much lower, as oil / copper fall...Personally, I'd like a good recession to begin (world)...or A VERY GOOD SLOWDOWN....and a strong dollar rally...par with Euro...beat down commodity prices until NO ONE wants to own them....and then I'd look to cost avg ones like BHP...(sadly tho, I did exit these rigs when they started reminding me of the SHIPPING STOCKS...similar stuff...oversupply / day rates falling...never recovered...very very similar...I learned my lesson on the shippers...Better to invest in the commodities in the ground -when the time comes...I'll wait awhile...not yet. But good luck to everyone !!
Well, the US Dollar rally, if it continues...coupled with CHINA slowdown and lowered world growth forecasts = lower commodity prices, likely....$19? WHO KNOWS...But pendulums can swing way past 'fair value'...I remember buying BHP under $20, back in 2001, I believe....was amazing...and bought FCX at the split adjusted price of $8.50 or so back in 2008-09?....What would I like? - give me a good recession / slowdown...push down oil and copper et al (even more) in a weaker environment, and then I'd love to go shopping for commodities again....like old times....But I'm not going to be enticed to buy ones like BHP / FCX / CVX / XOM right now...I may 'miss the train', esp if the central banks keep up their 'QE' games...which they will...But there's a chance things fall apart (recession / correction due) - you can't make people spend and take out loans if they don't want to...so, we'll see how the world economy goes....DEMOGRAPHICS...But yeah, I'll be watching ones like BHP...and see what all these companies say at next earning's reports....
of course !! everyone should be bailed out...this is the new system we live under...we can share the losses with the taxpayers !!...whatever...This is a very very crazy world....I've had more than enough of the games....NEED A WORLD IMPLOSION to get any sanity back.
hahaha...you are correct...I suppose if they scream enough, they'll get/keep their divys...demand it ! There's the real world (hard knocks)...and the fantasy world...of HOPE....(but I do wish everyone well...and hope things turn out better than I imagine...for the longs ! make that money ! get the divys...)...ps, I'd maybe be a buyer of some of these, but only if I see the divvy suspended / cut...and then, check out the yield...But heck, I can get better / safer yields on the RSO-C preferred, et al
why not just get a preferred stock like RSO-PC...yielding around 9.4%...fixed payout...won't be cut...With oil as low as it is...and with the large number of rigs coming online...well, I doubt if you'll see day rates go back up for years....gonna be a 'new normal' on lower day rates...These stocks /sector reminds me of the shippers and the BDI ...never recovered....Early on, the divvy was enticing...and the hope of getting back to the old days of high day rates - never happened...too many ships and a slow world economy....turned into VALUE TRAPS....The rig sector looks similar...imo ( best thing would be to buy back stock or pare down debt)
yep...actually sent a chart to some friends last night...Margin debt is huge...we'll see what the future holds...I give up forcasting , tho'....But I am in 79% cash right now (Gundlach is 40% cash, personally...whatever) - just plan on sitting in cash for 1-2 years, if it comes to that...and take the barbs from others...(but I do have some preferreds still yielding a bit...)...But if any nice pricing anomalies come about, then yeah, I might buy tads of some things...if they appear "recession price hammered"...Those low rates in Europe are amazing.....I just sorta see the US as an island floating in a recessionary/deflationary sea...are we that strong ? hmmmm...Perhaps when the "financial engineering" (of stock buybacks,) ebbs...then we may see some interesting action. (sum is all up "pushing on a string !!")
ME TOO...I'M IN 79% CASH RIGHT NOW....GUNDLACH IS IN 40%...ANYWAY...YEAH, I CAN WAIT FOR 1-2 YEARS, JUST SITTING IN CASH....WITH A TAD OF RSO-C...WHATEVER...I DON'T SEE ANYTHING WORTH BUYING...I WILL GET INTERESTED IN CVX / XOM - IF THEY PULL BACK 20% MORE...i.e. what do they hope to earn, when they are selling oil at 1/2 price?? even with some capex cuts...seems like they need to fall much more, so maybe a recession will wake things up...people too comfortable...rely on MAMA FED to help em' all the time...zzzzz
Iz in 79% cash...waitin' for the recession....if i have to wait 1-2 years, fine...nuttin' i see worth buyin'...not even battered commodity stocks....and ones like cvx / xom would have to drop 20% more, to get my attn.