Anybody have any?
I generally keep part of my position for the dividends and part for trade. Been in ARR for a couple of years now.
It'd be nice if CIM paid monthly dividends instead of quarterly.
ARR strong buy today.
Sentiment: Strong Buy
Last week I thought the market had come way to high, way too fast, and was cruising for a big correction so I cashed out everything including all my ARR at $7.11 for a very nice profit.
Well, the correction didn't come yet but the SPO was a very pleasant surprise and I was able to load back up at $6.73.
Historically, ARR has always increased in share price after an SPO and the dividend yield at 13.5% is still one of the best deals out there.
I'm very happy.
Buy, everybody, buy, buy, buy.
Sentiment: Strong Buy
Never fails. Every time there's an SPO people come out of the woodwork agonizing about what the offering price is.
I'm with you. Who cares.
Over 33,000,000 million shares sold today between 11.00 and 10.83.
That's the PRICE.
For those who didn't buy today, too bad.
So what if it never goes above $12?
It's a nice dividend and the share price always goes back up after an SPO.
The "pricing" will be whatever price we can buy it at today, which looks like it will be around $11 at the opening bell.
Yeah, I care about the money. That's why I'm willing to take risks in the stock market for high returns on investment rather than be content with a 2% CD in a nice safe bank.
Theorists like you make me money.
The yield went from something like 15% to 14% (how painful). So what.
As for the shares not going up, well, they're up 13 cents from wednesday afternoon.
Dang, missed the buying opportunity in the 2.50s. Was out working in the yard and just came back in to see the 20 cent recovery.
Fortunately, I have shares at 2.54 bought 8/31.
Hasn't been announced yet as far as I can tell.
But the last few x-div dates have been between the 27th and 29th with the last one on 6/27.
So I'm guessing possibly 9/27 or 9/28.
SPOs are typically announced after the closing bell of the day the stock price ramps. It wasn't announced after hours today so I'd be really surprised if it gets announced during the trading day.