Out of SFY @ 10.89 (was in @ 10.56). Huge cash balance, shopping around. Might add some MCC and capture the .37 div, but usually not my cup of tea. Would actually prefer to sell the div run up, but MCC hasn't had much of a runup to the X date (Friday X date).
Cash right now................77%.
Owns mostly office and warehouse space. Around 35 million square feet. Not far from 52 week lows. Pays .042 monthly for a current yield about 6.6%. Have held / traded it a few times before.
Still have 69% cash.....no shorts or precious metals right now.
Used to hold ARCP, mostly last year. Got frustrated with all their deal making. Was hard to get a grip on financials, etc., because they were always doing something big. Otherwise probably OK. Was a little concerned about their retail store holdings with the trend to internet shopping. Lots of moving parts with this REIT as there's always something going on.
Spent quite a bit of time this weekend digging deeper into AKS financials, etc. Sales to auto industry is now over 50% (51% in 2013) vs 45% in 2012, and only 36% in 2011. Great trend.
Currently very competitive area of hot rolled steel was only 12.2% of 2013 production.
Pension and post retirement benefit expenses are coming under control. Lots of earnings leverage with this company. When things are good, they are really good. When times are slow......well, you know how that goes.
Kel..................not a current holder, but watching closely.
A few other buys today. AKS (Steel company) at 6.54. Traded it several times before.
OLED @ 25.44. Has technology licenses for LED TVs. First time ever in this one. Looks cheap on earnings growth prospects. Near bottom of its 52 week range of $23 - 39 approx.
Still have about 70% cash.
Have to wonder if some dividend capture going on with PSEC and FSC. Notice that PSEC beat up today inspite of some good pre-market action. Then you see FSC rising right from the start. I wonder if some are selling the PSEC (X-div) and buying FSC to capture their dividend. Could be an interesting play as their x-div dates are almost exactly 2 weeks apart.
MCC sure has recovered well from their .37 x-div date last Friday. Closed last Thursday (pre x-div) at 12.68. Yesterday traded as high as 12.65.
Just bought some more CEN @ 18.65, this time for my IRA account. Was going back and forth between FEI and CEN. CEN is the better value right now.
Still holding CEN, FEI, and NML in my regular account. Hoping that when the year wraps up that most of their distributions are ROC.
Kel......ps.....today is the day for my first Social Security payment.
I'm still here and holding 5000 shares bought in the $1.16 area. Wondering if they'll ever get that NCI "award" they talked about in the CC. Need some good news.
I've already figured the SS into my 2014 income estimate. The SS mainly replaces funds I was withdrawing from my IRA account, which also goes into the Obamacare income equation, so it was basically a wash. Hopefully, I can avoid taking funds from my IRA now. Should be OK, except for unusual things that pop up when least expected. Also have my regular account funds and income to fall back on.
Anyone willing to play it in either direction from here? Is certainly lower now than most expected. If I were to play it, I'd probably use TMV as an upside (the rate) bet. Would have to be a very short term bet though (maybe a week or less), as TMV doesn't track real well longer term.
Hillshire makes an offer for PF (Pinnacle Foods) on May 12. PF trades as high as 35.67.
This week.......PPC (Pilgrim's Pride) makes an offer for HSH. The PF offer from HSH falls aside apparently.
Today.......TSN (Tyson Foods) tops PPC's offer for Hillshire. HSH jumps for the second time this week.
PF falls to the 31.00 area. With a market cap of about $3.6 billion, PF is probably still a buyout candidate. With values pretty high in the food industry, PF may be one of the better values out there (my opinion).
I agree with your PE ratio statement. Bought some today @ 31.00. Not sure how Fidelity got me a buy at the low for the day (market order), but I'll take it. Was here before several months ago.
Those shares I bought yesterday in my regular account @ 18.65......sold today @ 18.99.
I see you have some interest in BDCs. I currently hold MCC (just went x-div .37 last Friday). Only one I hold right now. Have held / traded numerous others, with my favorite probably being FSC.
Still holding the USLV at an approximate $1 per share loss. Am OK with silver for the time being. In the meantime, PF is doing well. Win some....lose some, I guess.....so far anyway.