Ok JK..I finally bit after you have pushed this stock on the SFL board..and now on this board...bought at 13.50....fingers crossed that it doesnt go too much lower...
I am a newbie to this stock...been buying from the 19's on up to 21.49...will they do a SPO to pay for this like a BBEP would?
70 cents with my buy at 14.84 = 18.88% yield...at my average price of 17 its 16.5%...They have paid 90 in the past..dropped to 80..I guess some would argue..even if it dropped to 50 cents at my ave price I would get 11.77% yld..and if you bought at 14.84 you would receive a whopping 13.5% yld....Might be to boring for some of you to hold a stock long term.. but Ill just be kicked back out in the ocean burning WMC Divi mulla chasing some tasty fillets!....Not afrid to loe 2 bucks in capitol short term...5 years from now we could be at 25..who knows..Do you?
Believe me Keebon when I say that im just lucky that I held on to NMM...like you, I had made a decision to sell off NMM when it hit my ave price of 14.81 (allready made lots of div money by then) but just the fact that I got busy at work..or some other issues that kept coming up to keep me from getting on the computer to make the sell.well..when i did get back to sell & i refreshed some news There just seemed to be enough hope to hang on so.I kept it!
Shipping (Oil Tankers mostly) was just a heartbreak for me...waiting for china and Asia to make a comeback and hoping for Europe to get its act together all the while getting nervous that the shippers would not learn the over supply lesson. Rumors of China getting into shipping with a massive buildup to haul their own stuff finally made me sell for some huge losses.....luckily like I said I held NMM due to them holding up the divi..that lady CEO must be a charmer because they have not stuttersteped thru out all the challenges!....
Ive come to the point where I wont put any money down unless I get an 11% yield give or take...high 9's if im buying with a stock that ive just sold for a very nice profit.
..started out with the "safe" 4 to 5% ers and have gotten greedy!..Thats .why im in the hole with ALDW...got my money abck from NTI finally..
Sold all my pipelines after some nice runups...thought i got into shipping at the bottom..WRONG!!...held on to NMM and just sold a third of my position this morn for a 5 buck a share profit..and bought more ARP...hoping better news and fundamentals have not caught up with MSN's outlook....Up 3.8% so far today!.
Appreciate all the posts and info on this site..just been a lurker and have made a little mulla from some of your heads up!.
...Been buying up ARP from the low 19's to the low 20's..heavy into nat gas and with a new pipeline to be built from one of their hotspots the Marcellus to the gulf and with the LNG export taking off 2015... I felt like it might be a good time to take a gamble on them...Be easy on me please if anyone feels like this might be a good time!!...projected payout of 2.40 to $2.60 for 2014...Sever Arctic cold to come down for January..good for nat Gas!