Have to get the expenses under control. Should be much better in Q3 - Q4. That stock compensation expense was a profit killer. Interest expense will continue and Depreciation is a non cash expense.
Only have 1000 shares, not a big deal. Did much better when I added to AVNR when you sold (very strong today).
With the DJIA up 135 points and the S&P 500 up 14 @ 1969. What's driving this rally? I look out into the world and see many problems. Things just aren't that great, economic and otherwise IMHO.
Actual press release of Earnings report out. Expect year end production exit rate to approximate DOUBLE the number from end of June.
Was looking back on trades from 2013 and discovered OGXI, which I'd completely forgotten about. I traded it when it was in the $10 area.
So now they have about $62 million of cash (after July offering plus 6-30-14 cash total). They say enough to last until Q 3 of 2016. Burn looks like about $7-8 mil per quarter. Market cap is about $70 mil so the pipeline is almost free. Of course that changes as the cash is burned.
Looks like a buy in this area with the Phase II and III programs. Will be watching much more closely.
J-man and frig.................good job on the FSFR sales. You both did much better than my 12.28 sale. Eecked out a tiny gain for the week in spite of SPXU setback. Am about 69% in cash. Have a great weekend.
My SPXU recovering nicely. Saw that 10 year down to about 2.319%. DJIA down about 100. TMV is tempting here.....goes up if 10 year rate rises.
In @ 12.30....sold @ 12.28+. Took a small loss. I no longer trust these guys. That kind of washes over to FSC as well. The way this was all handled (huge offering and cancellation of ConCall) really hurts the credibility of FSC and FSFR.
Just my opinion......Kel
Bizarre........Is the economy doing good or bad? If it's doing well, interest rates should be rising, at least gradually. But no, the 10 year continues to fall while the stock market continues to rise. Retail sales are sluggish. Auto sales are good, but aggressive lending is helping support that. Homebuilding is sluggish. Europe is really staggering along. Japan is weak.
So what gives here? Are things really good or are things slowing crumbling from under our feet. Am still long SPXU (shorts S&P 500 X 3) that I bought last Friday. Am down almost 10% on that trade, but it's only affected my total account by about 1%.
Just trying to figure this market out. Your thoughts?????
Added just below .66. They went out on a limb and basically said there would be news in a few weeks. Very positive IMHO.
In my 35+ years of investing I've been burned more by limit orders than by market orders. Missed a buyout once when I was trying to save a few cents, cost me $$ thousnads of potential profit. I will use limit orders with thinly traded stocks, but if I'm trading FSC (buy or sell) I'll always use a market order. I hate partial executions and I watch the bid / ask spread and size closely in all cases. FIDO helpful there with up to the second info.
Sept. div is declared.....30 cents....x-div 9-11. FSC may have had a senior loan package all lined up for them. Must put the $$ to work quickly as the new shares will also be paying .30, unless they cut an already declared div. Wouldn't be the first time that happened.
Cancelling the CC really hurts their credibility IMO.
Really. I may add some today. Market cap only $25 million. Somebody will suck this company up. Maybe BRLI, LH, or MYGN.
Got bushwhacked by mngt. Right after I bought the price fell by .10 +. Who cancels a CC two hours before scheduled time and goes into hiding? Must be those 12.91 buyers that are really cranked.
Looks like it. Just the way the FSFR offering was handled. I hope FSFR has a place to put all those $$ to work pretty quickly. Will be paying a .30 div on old and new shares, X-div on Sept. 11.