Added to my position this past week. Now about 15% of my IRA account. Did some additional statistical work.
SLVO closed Friday @ $10.90.
Pays monthly divs that vary greatly month to month.
Since January 2014:
The highest monthly div was .438 in March of 2014.....
The lowest was .0505 in October 2014.....
The average monthly div since Jan. 2014 has been 15.69 cents......Yield based on that is 17.27%...
Including this April div of .0662, the average monthly for the last 12 running months is 13.09 cents, which equals an annual yield of 14.4%.
As you can see, the div can be 6 cents one month and 24 cents the next month. All depends on how they do with the buy / write call option program and how much Silver fluctuates. SLVO stock tends to follow the price of silver up and down, but just roughly, not exactly.
Not far from 52 week lows and if Silver advances it'll probably follow and throw off some monthly income in the meantime.
Might not be the right thing for everyone, but I like it at this time for my purposes.
Just my opinion...............Kel
I looked at their portfolio mix and I cringed. For me, way to much Real Estate and Financials, even if I never heard of most of them, even in the top 10 holdings.
Maybe OK for you guys. Good luck.........................................Kel
Writes monthly call options on SLV. Pays out the profits from this strategy every MONTH. Trading at $10.83 and the divs totaled over $1.00 (well over) last year.
Last 3 months of divs....Feb....paid .2412
The divs vary greatly month to month.
Bumping on new high list around 44.70. Just raised the div to .48, was .45. Even at the highs it still has a 4.3% yield. Goes x-div soon.
I've been in it since the $39 area. Wondering how much it would suffer if we'd get a general market selloff?
Plenty of cash on hand for several quarters. Will get the 180 day extension.
Been doing a little checking. Seems like there's a lot of other small diagnostic testing companies out there competing with RGDX. Not sure if any of their tests are proprietary (no one else can duplicate), but there just seems to be a lot of competition in this space.
Last year they reported Q 1 results on May 8, before the markets opened. If I recall correctly, they had a ConCall @ 5:00 AM in California (8:00 AM Eastern). That should keep the questions to a minimum, if any at all.
Bought some SPXU near yesterday's close @ 33.80. Was up for awhile, now down about 40 cents, just over a 1% loss. Will give it some leeway. I watch the volume and movement of SPY. Very low volume there too.
I spend a fair amount of time looking into TRN several weeks ago. Was real interested until I got to the lawsuit issue. That kept me out of it. Haven't been following it but I think it's still in the same area as then.....low to mid $30s.
Was just looking through the EPS report. The numbers are sooo BIG now days. Customer connections = 108 million. Debt = $108 billion. Guess that's about $1000 of debt for each customer. Good or bad.....I don't know. Huge numbers though.