Looking at MCC, also looking at TICC. Similar metrics and even more beat up. Current EPS estimates about match the current 1/4ly div of 27 cents for TICC.
Bought some @ .739. I think I had this stock 3-4 years ago at a price in the $5-6 area.
Good point about ODD. Really does mean almost nothing.....except provides the opp for a splashy PR release.
Looking at ONCY and like what I see so far, especially the recent cash raise.
Announced new restrictions on margin trading mainly in THEIR over-the-counter markets. China ETFs (look @ HAO for small caps) and FXI (for large caps) down over 4% in U.S. trading. Major European exchanges weak also. Still trading for about one more hour.
Declared monthly of .0662 on April 16......x-div on 4-20. March div was .1426 and Feb. div was .2412. That's the way they are, vary greatly month to month.
Started out moderately positive. Then, when the inventory report came out at 10:30 Eastern, it took a rather sharp dive as the report was worse (more injection) than expected. A little later, NG turned up and is still bumping along the daily highs well above this morning's lows.
Not currently holding an oil / NG drillers, so just observing this somewhat strange action.
Bought SPXU @ 34.01.......S&P 500 was @ 2104, down about 2 points.....DJIA down about 8 points. Not likely to be a long term trade.
Even though I'm sitting with 67% cash. Market looks lethargic. Another low volume day. #$%$ earnings due to the strong US $.
I'd probably short the S&P 500, the DJIA is too narrowly focused, and the Russell may be too widely focused for my purposes. Would likely go with SPXS or SPXU, both 3 X shorts of the S&P 500.
Old number that is no longer relevant. Same with the Analyst EPS estimates. Note that they are a few years old.
Current consensus estimates at FIDELITY are $3.42 for 2015 and $3.72 for 2016.
I did re-direct the funds to some CHK shares. Sold them today for a profit, but, yes, I would have done better just holding onto the LNCO shares.
Other than cash @ 58%.
SLVO holds a constant position in SLV, the silver 1 X ETF. It writes monthly calls on that SLV position and pays out the option profits in the form of monthly dividends. The dividends vary from month to month, but added up to over a 10% yield over the last 12 months.
Was just looking it over. I held / traded it back in mid February in the $1.00 area. Now I see $120 million of Accounts Payable on the 12-31-14 balance sheet from the latest report. That scares me more than anything else I saw in the report. That's in addition to the debt and the revolving credit facility. Big numbers!!!
Could be a great play if WTI oil continues to rise as EOX is almost 100% oil by production.
Kel..........just kicking tires so far
CNBC's Joe Terranova says sell the refiners because they're making gasoline flat out right now for the summer driving season. Says to switch to the energy producers. He mentioned 3. I think they were Range Resources, Concho, and EOG.
Not my opinion, just what he said around 12:40 PM Eastern.
Low volume equals big price spreads, whether it is CEFs, bonds, BDCs, or preferreds. Too hard to make money when you have to be right on the trade plus cover a big spread.
I suppose a long term hold on something (like an inactive preferred) may be the exception. You would make up the spread with dividends over time. Can be hard to exit though in a falling market.