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Resource Capital Corp. Message Board

jrfillion 224 posts  |  Last Activity: Jul 31, 2015 4:27 PM Member since: Dec 13, 2006
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  • jrfillion jrfillion Jul 31, 2015 4:27 PM Flag

    At least he supports what he believes and invites others to check his work. Pot shots are easy; how about proving one of his fundamental "facts" wrong.No one should ever buy/sell only on someone else's opinion; should always do your own dd.

  • jrfillion jrfillion Jul 31, 2015 4:20 PM Flag

    Still a good call; both ways! I feel similar but believe they must have a good reason for how and when they did it. I'll give them another quarter to show it was a smart move. Otherwise I am probably out.

  • Reply to

    the best way to play ras

    by yawhodid Jul 31, 2015 3:52 PM
    jrfillion jrfillion Jul 31, 2015 4:13 PM Flag

    NRF has done very well; I remember selling it a couple years ago because they did a secondary when the SP was already low. Sound familiar? I wish now I had loaded up instead of selling. So; remembering that I bought RAS today instead of selling even though I was pOed like everyone else here. Know why NRT is so good? they have been growing dividends. I hope they stumble so I can get in cheap; fair valued at present. RAS could get into same situation if they are as smart as I hope.

  • Reply to

    MIFI will drop around 1.20 on Earnings

    by zigzag111 Jul 31, 2015 1:19 PM
    jrfillion jrfillion Jul 31, 2015 1:50 PM Flag

    Probably not a good qtr; but it's expected and the SP has been already taken down a lot. And there is good news going forward; the deal with Verizon could be huge. So not so sure it will fall much more; if it does though, I might be a buyer. I buy mostly dividend stocks but a little speculation sometimes. Then again; this is a very skeptical market so perhaps you will be right?

  • Reply to

    Takes BV down to about $6.10

    by sme20_98 Jul 31, 2015 10:01 AM
    jrfillion jrfillion Jul 31, 2015 11:39 AM Flag

    As angry as I am I have to admit you may be right. If you believe mgt is both honest and smart, they likely have a very good opportunity that makes it worth diluting. I had to be a "can't wait" situation else they would wait for some appreciation in SP which would have been likely given a decent report. I don't expect a dividend increase very soon though. They probably need all the $$ they can get right now to do a deal. But next Q might see a divvy increase?

  • for the SP to recover somewhat? With a decent report they just had I would have expected it to move higher. I am really pizzed! They better have a very good reason for this; selling below BV is dilutive and there was no need for it. I would hope someone sues them but it only hurts the shareholders.

  • Reply to

    Is ARP Dividend safe ?

    by northjjn Jul 30, 2015 11:09 AM
    jrfillion jrfillion Jul 30, 2015 4:04 PM Flag

    True; but they aren't really committed to that. I am hoping they can shed some light on what they can sustain with oil and NG at current levels.

  • jrfillion jrfillion Jul 30, 2015 4:00 PM Flag

    Could you say what you mean? Per yahoo he paid over $26./sh. Probably a mistake. Even a preferred doesn't make sense at that price.

  • Reply to

    making sense of today's insider purchase

    by sigallbenjamin Jul 29, 2015 8:34 PM
    jrfillion jrfillion Jul 30, 2015 1:17 PM Flag

    Strange for sure. Says "not open market". Yahoo may have the details wrong. It is interesting that no one has sold. Many bought in late Dec in the $13's. It does make you wonder? Perhaps it was preferred shares he bought?

  • Reply to

    Is ARP Dividend safe ?

    by northjjn Jul 30, 2015 11:09 AM
    jrfillion jrfillion Jul 30, 2015 1:05 PM Flag

    They report on 8/08; best to wait for that; no one here really knows.. The market seems to expect a cut. If they don't cut it may go down further unless they can demonstrate sustainability, in which case it should go higher. Who doesn't want a 30% dividend that is sustainable?

  • When asked, they indicated they will plow the gain from property sales into conduit loans earning 20%. Does that mean they will wait for higher core earnings before increasing the payout? Or; will they raise it some now and perhaps more later? It seems that with about CAD of .21 w/o the property gain, and expecting higher returns from loans vs. rental income, they should boost the payout now.

  • jrfillion jrfillion Jul 29, 2015 5:49 PM Flag

    Agreed; I hope it does get a bad reception; I can load up on a sure thing. They wouldn't do it unless they had reason to expect approval.If the shares fall back to the .60's, I'll accumulate more. There are good reasons for an R/S; this probably is one. I had expected it after approval but maybe better to do before.

  • jrfillion by jrfillion Jul 24, 2015 4:04 PM Flag

    production is increasing in spite of less rigs; and rig count is back on the rise. The producers may be able to make money with 50 dollar oil but will you? I decided to invest in CCLP and ARP. CCLP is a solid 13% payer and growing while ARP is paying over 30% and seems to have bottomed. CCLP is safer since it rents special pump equipment that helps the energy industry be efficient; they have actually been growing during this meltdown. ARP does depend on oil and NG prices but has been hammered beyond reason, and bottomed unless oil goes down a lot more. I expect they may cut the div somewhat but certainly a better opportunity than this.

  • Reply to

    Div will be nice

    by jkprice Jul 24, 2015 12:16 PM
    jrfillion jrfillion Jul 24, 2015 3:46 PM Flag

    What is your guess on the amount? Think it will be over .50? over .75? Overall, looks like you can expect about 2 - 2.50 /yr from this company; IF they don't lose another refinery. Is that risk plus divvy worth 20 even? Seems there are lots of safer ways to earn a decent divvy. If they could get back to near a dollar and keep it going, then yes! But that's a very big IF!

  • jrfillion by jrfillion Jul 24, 2015 3:25 PM Flag

    Two weeks before we find out. I'm curious what posters here think. I thought it might be fun to guess. My hope is that they cut if needed but prove sustainability for it. I'll start: My guess they will cut to 0.80/yr/unit and provide some level of assurance; like "through 2016".

  • Reply to

    ras share buyback

    by bbhhss86 Jul 23, 2015 3:41 PM
    jrfillion jrfillion Jul 24, 2015 3:02 PM Flag

    Thanks; I wondered about that. We'll know how much and what they plan to do with it very soon.

  • Reply to

    narcissistic personality disorder

    by alankane77 Jul 24, 2015 2:40 PM
    jrfillion jrfillion Jul 24, 2015 2:59 PM Flag

    Probably applies to lots of people that post on all these MB's. Perhaps me; perhaps you too?

  • Reply to

    Rig count

    by alwaysaskwhy Jul 24, 2015 12:57 PM
    jrfillion jrfillion Jul 24, 2015 2:47 PM Flag

    Thanks; I looked at EIA and discovered that production is increasing on existing oil and NG "rigs"; they call the equipment that produces "rigs". This may cause oil and NG prices to suffer but may actually help the companies (like ARP) be more cost efficient..

  • Reply to

    Rig count

    by alwaysaskwhy Jul 24, 2015 12:57 PM
    jrfillion jrfillion Jul 24, 2015 2:34 PM Flag

    This is a very complex biz' no one knows it all. But; thanks for that tidbit; it does make sense. Like others, I thought a rig was anything used to drill or pump. But; if hi prices is the cure for hi prices; then low prices should cure low prices, eventually?

  • But the oil glut is producing a safe but lucrative opportunity in CCLP. They're earnings do not depend on the price of oil. They depend only slightly on NG. They are growing and have been even during this energy "meltdown". They basically rent specialized equipment for NG producers; basically specialized pumps. Their equipment permits NG producers to be more efficient thus saving money. I do not recommend to just rush and buy; but you may want to exploit the falling price by accumulating on the way down, or, if you are clever enough, waiting for the bottom and back up the truck! Not sure about that I just trickle in as it falls knowing I get paid well to wait. Their dividend is absolutely safe unless we all really do die! And, it is growing, steadily Read recent reports to verify what I say.

RSO
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