Management is making MONEY with ARR ...... Are YOU!
SELL HIGH and BUY LOW....do it by SELLING ARR Covered Calls. Or SELL HIGH and let the COVERED Calls EXPIRE Worthless as you still collect the DEMINISHING Dividend.
GAP DOWN Feb.13 from OVER $7....NEVER to see $7 again Thank you ARR Management for Your MANY SPO's with all the dilution and the MANY Divident CUTS. The SHAREHOLDERS may be losing MONEY but there in NO DOUBT Management is getting rich from their FEES that are PAID no matter what the share price is nor how much is paid in DIVIDENDS.
My GUESS is the money went to debt or better known as margin.
"..."YOUR"(eroding stock price) money into a LOSING "red" hole of tax write-off LOSSES?"
WHAT HAPPEN to $7.PLUS a share?... SPO's, DILUTION, Dividend CUTS, and Management FEES Paid on funds managed...."NOT" on RETURN on INVESTMENTS.
Dividend cut was PRICED IN when ARR was OVER $7 per share.....WRONG
ARR "WILL" be yielding 18% or HIGHER. ARR "WILL" be BELOW $5 per share and will NEVER be a good buy.
FORWARD Dividend 6 cent a share...next Qtr; 3 mos.
Forward Stock Price High $5.60 Low $5.25...next 3 mos.
SELL High NOW!
BUY Low UNDER $5 Before years end.
Prepayments, followed by Margin calls on debt, falling book values and falling dividends.
SELL in May and Stay away...Computer trades lead the way.
"Where else...your money?"
C-A-S-H in your Broker account....WAIT for late OCT. to reinvest.
SELL in May & Stay away....Computer trades lead the way.
"...called the smart money..."
houtech was the 1st to bring the N-2 filing to my attention,(thank you houtech), on the CLM board.
So, anyway, you see what JUST the FILING of the N-2 did to the share price....Now JUST wait and see what happens AFTER the RO is announced.
Indeed..."it WILL dip down closer to 5 when the RO is announced...and FALL MORE til the expiration date to subscribe for RO shares.
CLM fell BELOW the RO price; open market CLM fell to $5.90 a share,(the BID, not for retail, Ask; for retail $5.91), RO price was near $6.00...I think $6.07.
Some see the recent DIP as a BUYING oppurtunity....they may not know about the upcoming RO. And with what happened to CLM I'd guess CFP could FALL BELOW $4.90 per share.
So, again, Thank you houtech.
"...life size Jerry..."
And I ask; "Why is the cost of a Jet Plane figured in the Inflation numbers?"
NEAR ZERO interest rates Not for the WORKING CLASS....Auto loans starting @ 8% up to 25%
Home loans nowhere near the 3% to 4% for the WORKING CLASS more like 7% to 9% PLUS HIGH closing FEES!
Credit Cards....AAHHhhhh HAAaaaaa Haaa what a joke that is, with the WORKING CLASS paying OVER 18% PLUS FEES.
FAT Bankers pay NOTHING to RISK ADVERSE Savers thanks to the FED's ZERO RATE Policy....
My words for the FED's; "Shame on you and your CRONNY FAT Bankers"