Hedges also come off in around 1 year. Then they'll be at the mercy of market prices. The party is getting long in the tooth. Be ready to move on.
Looks like .632.........X-div 8-12....pays 8-29........Really sloppy press release. First it says the dist will be .632, then notes a smaller amount in the next paragraph. Poor writing by someone.
Anyway, they cited Production less than expected from existing wells, and under performance from new wells. Looks like 100 wells yet to be drilled (as of May 31). They've been drilling roughly 45-60 new wells per quarter, so they might be all drilled by the end of this calendar year.
"Borrowed" from the subordinated units (held by parent SD) to pay the .632 to Common unit holders. When the subordination "turns off" (4 full quarters after the last well is drilled) the distribution will fall a lot, and quickly. Don't think I'd want to be here at that time or even as that time approaches.
Press release is under Yahoo News.
Kel...........an observer, not a holder.
I'm also a member. You can get alerts on individual stocks that you designate (to your e-mail). I also get 2 e-mails from them every day......one about ETFs, and another about Dividend stocks. Usually several links under each heading. Fewer on the weekends though.
Margins about the same.....Revenues up 2-5%. Didn't post an EPS estimate, but I'd guess 21-23 cents.
Nice report. Very cheap stock. Should easily be @ $12 right now.
Beat average revenue estimates by nearly $4 million. Beat the average EPS estimate of .19 by one cent. GAAP and non-GAAP EPS came in at 20 cents.
Div is .21 1/4ly
NII of .22.....eps pf .41 with realized gains
****NAV up 20 cents to 9.79 from 3 months ago. Looks like they've finally turned this around.
Bought some today @ 8.86.
Current div is .21 quarterly.....x9-17.....pays10-3....declared
Had NII of .22.....EPS of .41......many realized gains.
NAV up to 9.79, was 9.59 3 three months ago on March 31.
A much shunned (by me anyway) BDC that looks like it has finally turned things around.
You want a high yield portfolio? LNCO is OK for a start, but I wouldn't allocate more than 4% to any single position.
Maybe look at FSC or PSEC (High yield, monthly paying BDCs) for a part of the mix.
Look at something like EOS, another monthly payer that holds a portfolio and writes call options against its holdings.
FEI.....a CEF that holds MLPs. Pays monthly, yields around 6%, and also writes calls against a part (about 35%) of its portfolio. Trading about 8-9% below its NAV.
Maybe some Mortgage REITs for high yield, although I'm not fond of that group personally.
Just a few ideas. I hold LNCO, FSC, and FEI of those mentioned.
A partial list of restaurant stocks I had over the years (from memory sitting here)....
Wendy's....did really well
Mc Donalds (in 1978 @ a PE ratio of about 9....should've hung on)
Spartan Food Systems
Probably a few others....just can't remember them all right now. Generally did quite well with the group. Avoided all the bankruptcies like Sambo's. Got in on a few mergers too.
Isn't "buy short" an oxymoron? Crawl back into your hole Gary.
They are "the quiet company," especially when it comes to press releases. I think it actually costs $$ to put out press releases. This could be why they hesitate to issue "non essential" info. Watching our $$.
Put into IRA and Regular accounts @ 29.72 - .75. Been watching for awhile. LNCO pays .2416 monthly for an annual rate of $2.90.....current yield of about 9.74%.
LNCO issues a 1099 for tax purposes.
LINE issues a K-1 for tax purposes.
LNCO was created to assist LINE with raising capital and as a tool to "scrub" the MLP distributions and turn them into 'dividends' (hence the 1099 vs the K-1) for tax purposes.
Would like to hold this for income and potential cap gains, especially in my reg account. Will see how that goes.
ps......the only current holding in my IRA that's more than 5% of the portfolio is AVNR......a midcap biotech I really like. Cash is in the 64% area if that can be considered a "holding " I guess.
I agree. Takes a lot of volatility out of the stock. The big price hits from 1/4ly x-dates makes it hard to hold high yield stocks. I can hold monthly payers (like FSC, FEI, CEN, and NML) for long periods of time without being tempted to trade as the next div is always just around the corner (just like my pension and SS). I always end up trading 1/4ly payers as I hate taking the big x-date hit.
If you get enough of a runup going into the X-div date, it just might be a better move to sell and just skip the distribution. Could easily fall by an amount greater than the distribution amount. Good luck either way.
Bought a few small positions today in AVNR and KERX (both biotech). Also back into OEDV (small oil) @ 1.10. Have to play the high beta due to my large cash position.......right now @ 63%.
Didn't buy any BKCC.