Bob, if I remember it correctly, we expected a common dividend increase because management told us they were going to raise it. Instead , they eliminated it. The preferred is still being paid, at least as of the quarter ending March 31. Hopefully, we will not see it dropped too.
jk, I wouldn't sweat the entry point. I don't see this as a channeling stock. One of two things will happen: they resume their dividend ($1.90 / annually plus missed payments) in which case the stock price will soar or they go for bankruptcy and the stock becomes worthless. So paying a few pennies either way doesn't matter much.
I really don't see the problem with a stock that sits in overbought territory (RSI well above 70) being rated "neutral" after a decent run up. NRZ is my largest holding but I wouldn't add at this point.
rmnew, downgrading NRZ to neutral isn't really such a bad thing. It's had a decent run up lately and they apparently think that's it for now. It's not like they're telling people to sell. I'm very happy to just sit on my shares and collect the dividends.
My guess is Apple knows they can't keep coming up with blockbuster electronic gizmos every 6 months so they're looking for growth somewhere else. It is a strange choice for them to go so far afield.
My experience with LINE: bought around 20, held into the 40s, got out around 10. I was slow to admit their business model was broken at these oil/gas prices plus I put it off because of the partnership accounting . Won't make that mistake again, but I'm sure I'll find new ways to lose money.
Seems to me the pivot point was the earnings report where everyone saw the dividend is covered.
keebon, My infrastructure holdings are :BEP, UTF, UTG, GLFOX, YLCO, HASI. For once, I was patient and waited for YLCO to bottom out because, since inception, it had a horrific chart. Spending most of its life in oversold territory. OT, I worked in the pharmaceutical industry testing new therapeutic candidates in animal models. At one time New Jersey was the center for such work. Now its pretty much dispersed to include other parts of the country.
kurt, exactly my point. green energy depends on government subsidies to be viable. But I think there's enough government and popular support to make careful investing in the area profitable. In my case YLCO and HASI. I'm not counting BEP because that one was originally a profitable hydro electric producer long before they decided to adopt 'greenness'.
Keebon, I have 3 investments in green energy. BEP which is a long term holding going back many years. YLCO which is an ETF covering almost all of them. I felt more comfortable with a basket because this us a relatively new area and there have been some spectacular flameouts. HASI is a funding source for green projects. I am in the green with all 3 holdings and each pays a decent dividend. I think the driving force here is more political than monetary but a buck is a buck.
Let's be realistic. NRZ is my largest holding but the RSI is over 70 (overbought). I don't expect much of a rise short term going forward. If it just flattens out for a while, I'll be happy. I'd also be happy if the stock proves me wrong and goes up. I guess that's a win/win situation for me.
Huff, my only 2 shipping stocks right now are GLOGprA and GSLprB. Doing well in both. The GSLprB took a hit today on no news and over 4 times normal volume. Somebody wanted out real bad. Will watch that one closely. I haven't given shipping a big allocation in my portfolio because the industry is very volatile.
I used to get mine from Goldline. Haven't bought any in a few years so I don't remember the markup. They would try to talk me into other issues which probably provided a higher margin for them but I stuck with gold eagles.
No I was re directed by my parents from the New York City public school system into a parochial high school. The Marist Brothers who ran the school were tough task masters and accepted no nonsense. That move saved me academically and set me up for college on a partial scholarship. The New York City public school system, except for a few high schools, was a disaster. Seems it hasn't improved any in all these years.
DH, JK, I have long considered REITs as a separate investment sector. My current 40 or so holdings in my stock account go something like: 10% energy, 21% real estate and REITS, 14% financials, 20% infrastructure, utilities and communications, 20% miscellaneous stocks ( CSCO, GSLprB, PEP, PM, KMB, PAYX, GLOGprA, VNRBP ), 13% Miscellaneous funds, and very little cash as I try to stay fully invested in this account. I do not recommend carrying 40 stocks as that's too much to adequately oversee. (at least for me). OT, I'm originally from the Bronx. As the saying goes for us who gladly fled," New York is a good place to be from"
stagg, my wildcard play for now is I started a small position in VNRBP at $3.77. This will make their earnings report after hours on Monday more interesting. I did this against my wife's advice, so if it blows up, I suffer on two fronts: loss of some capital and having to listen to the "I told you so" chorus afterward. Investing decisions are much easier when made by one person.