Shorts the RUSSELL X 3............Am a little fearful going into next week. China having problems. Ukraine still out there. What about that airliner---Terrorism?,.....I don't know.........anyway, I feel better with some protection along with my 55% cash position.
Have a nice weekend to all FSC board lurkers..........Kel
J-man and Just_me.........nice job by both of you picking some TICC up at good prices. When I was looking at it, it was 9.99 / 10.00 bid /ask. Wasn't willing to pay $10.00 so I've decided to wait and watch for now. Will probably be an interesting play as the X date approaches. Personally, I don't want the div or the fall (sometimes) that follows the x-date.
Batter is correct.....the conference Call will be that same morning @ 10:00 AM Eastern.
So cheap..........40% of book value with all debt subtracted. Only 1.5 X cash flow. Terry, please let this company go before you completely destroy it.
Added shares @ 9.56.........average now about $10.45.
Last sale was at $4.63, but missed the move up to $5.00. AVNR scares me a little, but time to step up to the table again. Not a big position because in my old age I'm turning into somewhat of a wimp.
Yikes........I sold it for a profit just under $4.00. Saw it moving........congrats on your pick and good decision to hold.
I think the word is out on what a great value SFY is now. Trading at less than 1/2 book value and about 1.5 X cash flow. Got beat up after earnings report, now recovering. Could be some activists getting involved.
Bought @ 9.46. Threw caution to the wind I guess. I know it could go lower with this "Index" problem. Good value and good yield below 9.50. Can you pick the bottom????
Great job Neil. Yesterday was certainly a great day to buy SFY. I was looking at the chart yesterday before I bought and it just screamed at me.....BUY...BUY...BUY...!!!!
If BK equaled liquidation.....might not be so bad. Assets minus all Liabilities nets out something like $23 per share. Of course you must realize close to carrying value for those assets. I'd gladly take $15 right now.
@ 9.74....luckily I sold 60% of my position before the tumble. Still had some with a 12.16 cost basis. Tired of looking at this low price. Something will happen here........one or all of 4 things......
*******outright buyout at a price over $15
*******property sale of C. LA holdings
*******Terry resigns and they hire someone that knows how to run an oil and natgas production company
Just my opinion..........Kel
If you like junk bonds, you may want to take a look at SJNK. It's actually an ETF that holds short maturity junk bonds. Yields about 5% annually and because of the short term bonds it isn't as sensitive to rising rates as regular junk bond CEFs and ETFs. Happy investing to you too.
That bankruptcy @ Xtreme Power occurred in late January. It might not be mentioned until the next earnings report (about early May) as it fell in Q 1 of 2014 and not in Q 4 of 2013, which next week's report covers.
If you google xtreme power you can get more info on this BK.
EPS out Mar. 11, after the close.