C'mon guys don't give him a thumbs down. lucaserin2014 is doing the best he can. 309 posts since March 9 just under this alias. At that rate, you can't expect them to be intelligent or well written or supported by facts. He gets a gold star for being prolific. Too bad he's on ignore.
This should be interesting. They really don't have much of a history and properties are still being added so I'd be more interested in their 'forward looking' statements. Especially as they apply to dividends.
Since you started the Tesla thread on the 'other' board, I know you'll be interested in the news story that Tesla will be prohibited from selling cars in NJ (and Texas and Arizona) because of their direct to consumer model. Seems the franchise dealers have a lobby group. I've been skeptical about Tesla as an investment because of their reliance on selling clean air credits but I didn't see this coming. Seems to me, it wouldn't be the end of the world if they relented and set up a franchise system. Manufacturers can keep franchisees on a pretty short leash so Tesla wouldn't be giving up control.
Ed, sorry your message was copied and I answered the imposter. Yes, I still hold a 3% position in HLSS which is the most I will allow for a single company. I love the story as mortgage servicing is a new area just opened to us "little people". But a good story doesn't automatically make a good stock. HLSS's partner Ocwen is in some regulatory hot water. I'm willing to ride this out especially since I'm ahead not counting dividends. I'll reconsider if/when I start to lose money on this. I consider HLSS to be in the same business as NRZ which I've also maxed out.
I'll straddle both this and the SFL board. I think the 'old guard's' reaction was way overblown. Soulec was just offering investment information as it exists in his world. Trying to decide if I should continue to add to my NEWM position. Probably will as it is under 1% of my stock portfolio.
I remember lakeed. Had him on ignore because he was much more interested in politics than stocks. Poison to any board.
Yes, I still hold HLSS. Not sure how OCN's problems will affect them in the long run but I'm in the black not counting dividends so I'll just wait and see.
Trying to figure out what we actually own with NEWM. Seems like a bunch of different businesses with a sort of common media theme cobbled together. I guess they need to get a few quarters experience to see if there are earnings and dividends. Like I said before, somewhat of a gamble.
Hey DH, I miss your input in these discussions.
Currently, it takes a lot longer (hours?) to charge one of these cars than to put gasoline in the tank. I think you're looking at a niche market of local use and commuter cars. But the whole story is too artificially propped up to interest me in investing seriously. Maybe as a gambling stock.
Bob, I googled Tesla zero emission credits. While 4th quarter Tesla profits were 11.2 million, the first quarter income from selling credits was 68 million. IMO this company is far from standing on it's own but in this environment of government picking the winners and losers, maybe that's not a bad investment theme.
The cars are beautiful but I'm afraid my personality wouldn't let me live with an electric car. I'd always be watching the charge level, afraid of being stranded. I'd consider a plug in hybrid because you couldn't be stranded as long as gasoline was available. As for Tesla's profitability, I believe the key is their ability to sell zero emission credits to other car manufacturers, an artificial government mandated system which props them up.
Bob, I also bailed on SFL a while back (don't have my records down here) because I felt they were ultimately depending on FRO and that business was under water (pun intended). I only recently got back in when it became obvious SFL was working hard to diversify away from oil transport and dry bulk ownership. That's why I'm following SDRL more closely as SFL seems to be counting on this area to achieve this diversification.
I figured initially many would dump their NEWM shares and cause a price drop. Something about some of the assets emerging from bankruptcy that doesn't inspire confidence. I'm giving the NCT management the benefit of the doubt. Like I said, this is more like gambling than investing but it keeps things from getting boring.
Huff, I'm using Fidelity. At your suggestion, I went back and looked more carefully. There is a box which can be checked that says " Do Not Reduce" Live and learn.
Cancelled my PSEC order. Nothing wrong with it but I already have a 2% position. I put in an order to accumulate more NEWM (new media) which I received as a spinoff from NCT and have only a small position. PSEC is an investment (part ownership in a going business) but owning NEWM is more of a gamble (ownership in a business that has yet to prove itself viable). I think there's room in everyone's portfolio for a small gamble so I'm adding NEWM to TCpreferred T as my gambles. Together they're barely 1% of my stock portfolio.