BB.........I'd at least be very watchful when the time comes for them to announce their next 3 months of dists. Last year they declared on July 22 (Wednesday). Be careful and good luck.
Noticed that. Problem is that when it goes x-div, that .82 comes right out of the price and the NAV. Will get you more shares though. What we really need is to get this group moving forward, not backwards. I'm holding HQL, THQ, and THW. Also GILD, CELG, and ICPT. A lot riding on the biotech business at this time. About the only bargains I can find though.
The $84k price is just a list price. GILD is battling MRK and ABBV's entries with discounts and rebates. The $36,000 number is getting closer to realized "net" pricing.
NAV has declined 40% (from 23.83 down to 14.31) since its inception on 10-26-12, not even 4 years ago. Has paid the .1511 monthly the whole time. The latest SEC filing shows 'unrealized' losses totally over $50 million.
Many of their holdings have 10%+ coupons. They even have loans tied to The Republic of Iran. Not sure how they maintain a positive UNII unless they keep rolling to higher yielding holdings as the others falter.
IMO.........regarding CEFs, always follow the NAV. That doesn't generally lie and tells the real story. Check it out @ CEF Connect.
Just my opinion..............Kel
Again, it will be paid with newly issued common shares. Was paid with cash prior to March of this year. If they're this desperate for cash, why not do a secondary offering and apply the funds to debt? Might actually be considered a positive move like it was for DVN and MRO.
Current target range is .25 - .50%.
Median projection for YE 2016 is now .875%.
Median projections for YE 2017 is now 1.625%
Median projection for YE 2018 is now 2.375%
How, may I ask, will any of these projections ever be met if they don't have the testicular fortitude to raise rates even once? The projections for '17 and '18 have been lowered by over 100 BPs over the last 6 months. The world is awash with cheap money. When rates have to be raised to control eventual inflation, World economies will then be choked by those higher rates.
Are all the World's economists really smart enough to pull off this high-wire act? NOT LIKELY.
Other big questions............what happened with the police officer that had the initial contact with the shooter outside of the bar?
Bar security and bouncers...........did they just let the shooter pass into the bar? Could they have subdued him or just pull the doors closed and lock them? What about other exits? Just wondering.
Will introduce a Zika vaccine for the mosquitoes that carry the virus Imagine..........one trillion doses @ 5 cents each. Instant revenue of $50 billion.....
Kel...........a former holder...ps.....INO is a company, not a religion..!
Generic product line. Losing $$.........Traded it a few years ago. Still well below $5.
Knocked it from the low $20s down to about $17. A few years later they were bought out for close to $100. Ignore their lies and fabrications.
I've been posting on boards for 12 years, since March of 2004. I try to post honestly and present both sides of any situation. I was long UNG and sold on June 2 @ 7.27 (made some profit too). Just watching now.
Inventory for the week up 65 BCF. Not sure what the estimate was. But, inventory still up 28% vs a year ago and 32% above the 5 year average.
The higher inventory vs one year ago represents 660 BCF, more than 10 X this weeks inventory rise. My point is that even though trends MAY be turning around, there's still a huge inventory overhang.
Kel................no position long or short
Am 67% in cash. Sold my AGQ (2 X long silver) for an almost $2 gain. Getting really hard finding anything to buy. Three ETFs that I hold (SCHD, HDV, and VIG) all made new 52 week highs today in my regular account.
Been busy since Sat. night tangling with a Kidney stone. No fun at all. Seems like it's gradually descending.