Wondering......is SLVO one of those ETF / ETNs that has a rapid decay rate like some of the 3 X long / short plays on gold, silver, natgas, S&P 500, etc..........?
Ran a 2 year comparison with SLV and some decay is seen, but that may be accounted for with the high yield that SLVO provides.
Thanks for your help..............Kel
More.....Industrial area is about 90% of revs., so the lagging Defense / Electronics area is only about 10% of revenues.
The "weather play" for this winter has almost run its course. But, anyone that looks at a 2 year chart of Natgas prices can see that NG can make some very big moves even once winter ends. If prices weaken in the March - April time period, that's probably the time to load up......maybe not with UGAZ (beware the decay rate) but one of the other, safer NG ETFs.
Showed up on a screen I did for stocks with positive EPS momentum...
***Estimate for fiscal 2015 is 28 cents with revs. up 4.4%. Only 1 analyst though.
***Extremely cheap based on its Price to Sales (PSR) ratio.
***pays .02 quarterly dividend.
***Balance sheet is good.
***Some apparent concerns in the Defense area that I don't fully understand.
***Average trading volume very low, about 20,000 daily. Might make it hard to build a large position unless it's done very gradually.
--------------Very interesting though. Will have to do more work on this one. Has there been any talk of them being a takeover candidate?
I was watching NG early on Friday morning. Was tempted to buy UGAZ, but hesitated, then it moved higher without me. I think anyone that got in Friday made a good move. Lots of cold air pushing down into the Midwest and Ohio River area. This might finally be the week where the inventory numbers come in favorable for the longs.
Good luck to all the longs. Maybe I'll be able to sneak in at a good price on Tuesday or Wed.
There's always an ulterior motive for those types of statements. Only a fool would take Citi's, the Saudis, or anyone else's "ultra bear oil case" statements at face value.
Wouldn't surprise me at all if C or some other large bank / broker was on the hook for many millions (or billions) of $$ for being on the wrong side of the oil trade through hedges, short positions, or corporate debt.
Briskit...........I sense that you could be a positive contributor to this board. You've been posting here this week, mostly bashing FSC, probably deservedly so. But, that's getting old. We can always use more knowledgeable posters on this board where we discuss an eclectic variety of stocks and subjects.
Don't sell yourself short. Try to be an informed and reasonable poster and you may find that the FSC board is an interesting place to hang out.
Sold to quickly @ 1.03, but did book another nice profit. Why is AREX over 8.00? Other oils not moving so much. Not holding any, but maybe a sell right here. Oil inventories are at an 80 year high and waaaaaay above year ago levels by over 30%.
2.....want to go long, but at a lower price?
3.....burned in the past and hate the stock?
Which one is it? Come clean....
Oil price is improving. Added to my USEG position @ $1.37. Another small one with a good balance sheet, cash flow, and 2015 CAPEX reduced to a very manageable level.
This from the Dec. 15 press release....area titled "CEO Statement"
"We are well positioned to weather the current downturn in oil prices due to the fact that we are not over-levered.
We have a low level of debt relative to the size of the Company's drilling portfolio, with access to liquidity through our reserve based Line of Credit, as well as meaningful Cash Flow from operations."
****Take a look at the Sept. 30 Balance sheet and Cash Flow statements. This is a low debt situation with strong cash flow even considering that the level will now be reduced. CAPEX has been reduced to a level for 2015 that should be very manageable for USEG.................just my opinion.......your thoughts....???
FSFR shows less than 1% (actually .78%) of energy related holdings. FSFR's holdings are higher rated than FSC's just by the nature of Senior Loan vs BDC business model. FSFR's portfolio is still "junk" but in the area of B and BB. FSC's portfolio is likely CCC (or lower), or unrated.
FSFR's portfolio yield is around 6-7% where FSC's is over 10%. That shows where the additional risk lies.
Current yield of FSC's stock is 10.57% based on a price of 6.81 and .06 monthly. FSFR's stock yield is 11.08% based on a 10.83 stock price and .10 monthly.
Is FSC even worth bothering with here?