If you're firm in your belief that gold will drop to $800 - 900, you should be loading up on something like DZZ( an ETF), which shorts the gold price X 2. You'd make a lot of $$. Or do this...... biy GGN for the yield, buy DZZ as a hedge against the price plunging.
Nice exit rate of BOPD. Well above Q3 production. Adding OEDV back to my watch list. Have held it before.
Both were paying .12 previously. Was expected to a certain extent. Some, me included, thought they might have cut back when they announced in late August.
GGN closed at 9.98 in after hours trading on 21,000 shares traded. Looks like the NAV will lend some support to the stock price. I think it'll hold above 9.50, but that's just my opinion. Yield at 9.50 would still be 11.36%.
Not a current holder, but wouldn't mind picking some up cheap.
Yes they are......both pay on 11-29 for a total of .11 per share. The regular div went x-div on 11-12 @ 6 cents. The extra div went x-div on 11-14 @ 5 cents.
Nice hold here with the NAV @ 9.12 per share as of the latest report. Have to think this stock could move up near the $8 level or higher over time. Very under leveraged too with debt only 16% of TOTAL ASSETS. Many other BDCs have debt twice or nearly 3 X that level.
Kel......................in @ 7.20 and holding
Traded about 21,000 shares afterhours.......not much selling pressure.
Kel...............watching, not holding.
Just look at a one year chart of the NAV (symbol XGGNX). I thought they were going to cut 3 months ago after the July price swoon. This will be OK. The current NAV will lend some support plus the fact that .09 is more sustainable. Realize that many here expected this.
I'm not a current holder. I'll be watching though. Been in and out of GGN numerous times.
I'd be surprised if it drops below 9.50. Was hanging around 10.00 afterhours.
FSC releases EPS on Nov. 25th after the close (next Monday). From last report it looks like they announce div rates along w/ the eps report. Is this correct?
Trading around a core position. Sold some last week at 18.90 that I bought in the 18.60s. Dirt cheap now, almost $2 below NAV......7.1% yield, paying .11monthly.
Just added to my position @ 18.54. It's a CEF that holds MLPs. Pays a monthly dist of .11 (recently raised) for a yield of 7.1%. It's almost $2.00 below NAV, and near 52 week lows.
Also holding PER, SFY, and HK..
Just bought some near 52 lows @ 18.54.... It's a CEF that holds MLPs. Pays monthly rate of 11 cents (recently raised) for a yield of 7.1%. Almost $2 below NAV (net asset value).
Nice thing to balance out junk like AEZS.
I think $3-4 is very possible. Even after this offering, still only about 45 mil shares outstanding. That would still be a market cap under $200 million.
Kel..................bought today @ 1.0157
DUH.......But if they're losing money, isn't dilution good for LPS (loss per share)? Makes the 'loss per share' less. Same absolute $ amount of loss divided by more shares = less loss per share.
Mngt of AEZS is therefore BRILLIANT.
I hold FEI, what you might call FIF's brother. On their balance sheet they show about $56 million in deferred taxes as a liability. I'm sure FIF had the same situation with MLPs having risen and the cost basis adjusted lower on many MLPs with the ROC (return of capital) factor.
Anyway, with the cap gains being paid out to shareholders, I'd think they could reverse some of that deferred tax liability and offset part of the distribution's damage to NAV.
Sounds like a good move. I wouldn't mind if FEI did the same type of distribution.
One thing lost in all the market hype and QE talk is the fate of SAVERS, that's older people that have actually saved money and want to do low risk things like hold CDs. Remember CDs (not the music ones). Used to pay 4, 5, 6, or more percent interest and old folks held them to supplement their pension or Social Security.
Now what's out there? Shysters selling them annuities or sending them into vehicles like junk bonds and BDCs. Might be OK for us guys, but not correct for your 80 year old mother or grandmother. These people have been devastated by the QE program and not much is said about them.
Sold the TZA (@ 20.46) that I bought last week @ 20.07. Managed a 39 cent profit. Still holding SPXU that shorts the S&P 500 X 3. Cost there about 17.50, now at 16.93 approx.
The DJIA is still showing greater strength than either the S&P 500 or the Russell 3000. Much deterioration going on that the 'DOW' is masking.