Out at 14.35. May try for another trade before the x-div date if it dips below 14.25 again. Seems like support in the 14.00 - 14.25 area and resistance above 14.50. (notice the 5 day chart at the right.).....
I looked at a whole list of M-reits recently and the debt to equity ratios seem to run in a range of about from $4 - 10 of debt for every $1.00 of equity. Very aggressive use of debt.
Property REITS and BDCs usually don't have ratios of more than one dollar of debt for each one dollar of equity or you might say debt is up to 50% of TOTAL ASSETS. This is a generalization. Some have much less debt in both groups, but not much higher than the 1-1 ratio.
Why can't you have a zero cost basis? I understand why they wouldn't want a negative cost basis. I'd think the lt gain treatment would be fine. If you have enough $$ involved, it would be taxed.
My girlfriend has held ETW since mid 2008. Bought it in the mid $17s and it's now just under $12. She has collected about $8 per share in distributions and most of it has been ROC. I keep track of the ROC amount every year. Her adjusted cost basis right now is probably in the $11.00 - 11.50 area (just guessing). When ever she sells it will be fine because she has a lot of Capital loss carryovers to cover and gains that ETW produces.
Holding ETY and EOS in my regular accounts and taking advantage of the ROC.
May have been a couple million shares looking for a big news item from the conference. No EU partnership or court settlement. They probably figure that's the last of any news for awhile and decided to get out.
Just my opinion............Kel
Been watching JHP around that $8 level. I held that one through most of the 2008 fiasco.....just held on and eventually made a little money with it plus many monthly divs.
Picked some up @ 4.81 near the close. First time ever with this one. Have held / traded many other BDCs. Looks OK, not great. Nice yield and goes X-div on Nov. 6th.
Bought some @ 4.81. Their NAV on Sept. 30 reported at 5.10. Perhaps they'll buy some shares back below NAV here. They seem to have a lot of cash on hand.