AVNR......Nuedexta approved and selling for 3 years ($100 mil + annually) . Many additional indications being tested. Already beat back a challenge from the generic leeches. Smaller market cap than KERX.
Kel......holding both KERX, AVNR, and others
Packers at Tennessee Titans Saturday night 7:00 pm central.....pre season. Starters play a couple series and then the prospects.
Gained .05 of 1%.....call it a wash. DJIA was up .37 of 1% for the week. Slightly better than a wash. Only made 6 trades all week. Lowest level in many months. Still holding the SPXU (S&P 500 3 X short). Will see what Monday brings.
Have a great weekend all. Beautiful weather here in Green Bay. Next 3 days highs in the low 80s. no rain. We are really dry though.
Looks like the "new" involvement in Iraq is raising concerns. S&P 500 and NASDAQ down similar percentages. Japan down. London futures down as well. sitting on much cash.
Take a look at SCHD (Schwab High Dividend ETF). Yields about 3%. Annual fees are .07%, actually lower than similar Vanguard ETFs like VYM and VIG (.10% fees for both).
I have a small position in SCHD.
He was my broker from about 1983 - 2006. I left him when I could no longer handle $100+ commissions (Full service broker) as I was making all my own decisions. It was an amicable parting and we remained friends. We were only about 1 year apart in age so we had many things in common. That's when I moved my $$ to Fidelity.
Only 2 sales, no buys.......Sold SFY (Swift Energy) for a 50 cent gain. Sold BKCC for a tiny loss. Went to my ex Stock Broker's funeral. Passed away @ age 63 from Leukemia that ate him up in a few months.
Have the Grandkids all day tomorrow. Quiet trading week for me. Am 70% in cash.
1......When all 888 wells are drilled. That will be the end of SD's direct participation. Well decline rates become critical.
2.....When subordination period ends. Distribution will be likely be lower as production declines, unless oil prices surge.
3....When hedges come off. No new hedges permitted. Will be totally dependent upon oil prices at that time. Will likely move up and down as oil prices fluctuate.
All these factors come into play in the next few years. Hope Y'all are prepared.
Kel..............just watching, not a holder
Just bought some FPL @ 18.40. Down around .50 today. Sibling of FEI, just newer. Pays .10 monthly and writes calls on up to 35% of its portfolio. FEI does too.
I like the deal. Pulled down $8.5 mil of the credit line now. Interest about $300,000 - 325,000 per quarter. MUST get revenues rolling now. More expenses to cover. Nice comments and confidence from the lender.
Have to wonder if PER will be above 12.30 after the x-div date on August 12, next Tuesday. If you don't think it can hold that level, it might be a good time to sell.
Many CEF Floaters have been cutting their distributions. Just like junk bonds (and BDCs), they're not getting the same loan yields that they were in the past. I'd be careful at the very least. Good luck.