I agree, north of 80 not sustainable when order returns. The Jan 2017 82.50 call is about 4 bucks.
You can sell it, collect the premium and you loose the stock if it's above 82.50 come January expiration.
Not a bad sell at 86.50.(stock price plus premium). Downside is big cap gain tax bill if you've held ED for many years.
Put the monthly distributions in dividend reinvestment as opposed to taking cash. (if not already)
Try not to fret short-term price volatility. NCZ will be OKAY as oil and the rest of commodities recovery from crisis mode.
Always great to hear from a lifer. The utility sector has been dumped on as rate fears creep back into the market. But with your cost basis do price swings really matter?
ED is like an annuity. Its lifetime income to supplement other sources. I try not to fret losing 6 points in a few trading days although I'd certainly prefer the opposite.
They could certainly do a 3-2 but that wouldn't get us below $40/share. If the goal is attracting a new group of small retail investors, why not go 2-1 and be done with it.
We need Albany politicans to the approve rate hikes and infrastructure spending that is essential to our company's business model. ED shareholders act as unpaid lobbyists in every area of New York City and State.
We constantly whisper in our legislators' ear: "What's good for ED is good for the public"
Our last one was literally last century. The management likes a broad retail stockholder profile which is more suited with a lower share price. We haven't seen mid 30's since 2008-09 crash. It'll be nice to revisit with double the shares.
I was thinking the same thing. The best performing thing I own is something that mysteriously appeared in my account one day and the position is too small to pay the commish to sell
When it comes to ED's earnings, no one cares. Owning ED is akin to having a pension.
I glance at it's stock price everyday at market close but honestly, I'm agnostic as to its fluctuations.
Sure I prefer higher but I know I'll never sell. My beneficiaries will make that call (hopefully not for a few decades)
I used to think that ED was boring. Turns out it's my best stock.
So as we watch the investment world unravel, let's be thankful for this unheralded jewel....just wish I had more
How do you think PDI pays a 10% distribution in a yield environment that barely pays 2% on a zero risk 10- year treasury?
If you don't worry about the risk of this fund you shouldn't be invested in it. Ignorance is not bliss
We need to understand risk. NCZ will be toxic for as long as sub-investment debt is distrusted.
When sentiment changes, this fund is as good as it gets. It's getting a $5 option at dirt cheap NAV, and yea...it pays you a distribution to wait around
no pesky 1099's if you switch your GE for SYF.
This is rational way to avoid paying cap gain tax if you've accumulated GE at lower price. My question : what will be cost basis for SYF shares that you exchange into ??
Exactly where is this announcement made? Please tell me the name of the website or publication you are basing your statement on.
premium to NAV wiped out in a mere 3 months. From here this might trade down to a 10% discount.
If PHK can manage to make a stand in 6.30-6.50 area I might become very intrigued. At some point irrationality creates value