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kirbyjf101 50 posts  |  Last Activity: May 12, 2016 8:42 PM Member since: Mar 7, 2013
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  • kirbyjf101 kirbyjf101 May 12, 2016 8:42 PM Flag

    The figures your looking at are for the end of March- This is the middle of May- They told you in the year end CC that they would turn that division profitable for the year 2016- Dividend will be earned in 48 days- This might be a good time that you shorts double down on your bet as the company will be glad to take all the stock that's being sold- If it weren't for you shorts trading between your selves , there wouldn't be very much volume
    Kirby

    Sentiment: Buy

  • Oil prices jumped about 3 percent on Wednesday after the U.S. government reported crude inventories fell unexpectedly for the first time since March, adding to concerns over supply disruptions in Canada and Nigeria.

    The U.S(EIA) said crude inventories. Energy Information Administration fell 3.4 million barrels last week, compared with analysts' expectations for an increase of 714,000 barrels and the American Petroleum Institute's (API) build of 3.5 million barrels in preliminary data issued on Tuesday.

    The EIA report "has been quickly viewed as bullish, with the crude draw just about exactly opposite to what API had," said Dominick Chirichella, senior partner at the Energy Management Institute in New York.

    Motor gasoline stocks also fell 1.2 million barrels, and distillate fuel inventories were down 1.6 million barrels

    BOT a few more shares today

    Kirby

    Sentiment: Hold

  • Baker Hughes’ total world rig count is just its total international rig count plus the U.S. and Canada. It still does not include any FSU countries or inland China. The total world rig count did not start dropping until after November 2014 when it stood at 3,670 rigs. It is down 2,246 rigs since then and now stands at 1424 rigs after dropping 127 rigs in April.

    Sentiment: Hold

  • 4/15/2016--1,290,000
    3/15/2016 --1,628,399
    3/1/2016 ----1,571,397
    2/12/2016-- 1,439,674
    1/29/2016-- 1,393,521
    1/15/2016-- 1,557,385

    HIGHER HIGHS AND HIGER LOWS HAVE BEEN THE GIFT FROM THE SHORTS- To us little guys- BUY BUY BUY BUY --- guys get 14% divvy and capital GAINS

    Sentiment: Buy

  • kirbyjf101 by kirbyjf101 May 4, 2016 8:59 AM Flag

    Net interest income increased $1.6 million, or 7%, as compared to the three months ended March 31, 2015.
    During the first quarter, we had nearly $50 million of CRE loan originations, including funding of obligations of existing loans as we focus on liquidating and refinancing properties and position the company for solid originations. We expect our originations to be in the range of $400 million to $600 million for 2016, mostly taking place in the latter half of the year.

    Sentiment: Buy

  • In the quarter, we saw significant opportunities to generate yield for our shareholders via our share repurchase plans and executed on common share repurchase that were accretive to book value by $0.13. We look forward to continuing this in 2016 if those opportunities present themselves. Accordingly on March 15th, our board authorized a repurchase plan of up to an additional $50 million of the company's outstanding securities.

    Sentiment: Buy

  • Reply to

    Will book value ever rise?

    by skynet2point0 May 3, 2016 10:33 AM
    kirbyjf101 kirbyjf101 May 3, 2016 1:02 PM Flag

    Here is the reason for reduction in book value-(( Actually a reason to BUY the stock))
    Effective January 1, 2016, RSO deconsolidated RREF CDO 2006-1, RREF CDO 2007-1 and Apidos Cinco CDO upon the adoption of new accounting guidance. RSO retains investment securities and preferred interests in the CDO vehicles, which RSO accounts for as investments securities, available-for-sale. The reduction to retained earnings of $16.9 million represents the effect of marking these investments to market as of the date of the required adoption and represents discounts to par due to illiquidity premiums and other market forces and are expected to be recovered over time as the investments approach their respective maturities.

    Sentiment: Buy

  • Net interest income increased $1.6 million, or 7.0%, as compared to the three months ended March 31, 2015

    At a 15% divvy- will BUY more

    Sentiment: Buy

  • Reply to

    Noat miserable

    by kenpalley2000 May 2, 2016 9:32 PM
    kirbyjf101 kirbyjf101 May 3, 2016 5:05 AM Flag

    RSO repurchased 196,000 Preferred B shares, which had an accretive impact to our common shareholders of $1.6 million, or $0.05 per share-diluted, during the three months ended March 31, 2016.

    In March 2016, RSO's board of directors approved a new securities repurchase program for up to $50.0 million of its outstanding securities

    Sentiment: Buy

  • Reply to

    Noat miserable

    by kenpalley2000 May 2, 2016 9:32 PM
    kirbyjf101 kirbyjf101 May 3, 2016 5:04 AM Flag

    Book Value

    As of March 31, 2016, RSO's book value per common share was $17.12, a decrease from $17.63 per common share at December 31, 2015. The decrease in book value is primarily attributable to the adoption of new consolidation accounting guidance effective January 1, 2016. Upon adoption, RSO deconsolidated five variable interest entities resulting in a reduction to the beginning balance of retained earnings of $16.9 million, or $0.55 per common share

    Sentiment: Buy

  • "Be greedy when others are fearful."
    - Warren Buffett
    Looks like the Company may have a good quarter- Look at the Chart
    Kirby

    Sentiment: Hold

  • The trend is your friend and with the stock over the 200 day MA it looks as if the stock is ready to move upward. Also the lows have been higher and the Highs are getting higher. Also the short interest is coming down, yet still sizeable so an up trend should continue as who wants to pay a 14% dividend as the company is draing the normal float with its BUY BACK. Hey all the little investors now is the time to get a couple hundred shares for Capital Gains as well as income.
    Kirby

    Sentiment: Buy

  • RSO is grossly underpriced- Could an offer be imminent?
    Annaly Capital Management Inc., the largest real estate investment trust that buys mortgage debt, agreed to purchase Hatteras Financial Corp. for $1.5 billion as the company expands its property business.

    Annaly’s offer values Hatteras Financial at $15.85 a share and it will acquire the Winston-Salem, North Carolina-based REIT using a combination of cash and its own shares, the companies said in a statement on Monday. The offer is a premium of about 24 percent to the 60-day volume-weighted average price of Hatteras’ stock and the deal is expected to close in the third quarter.

    “This strategic transaction represents a unique and sizeable value-creation opportunity for our shareholders,” Kevin Keyes, chief executive officer and president of New York-based Annaly, said in the statement. “With the acquisition of Hatteras, we significantly grow our diversified portfolio and broaden our investment options, further fortifying Annaly’s position as the market-leading mortgage REIT.”

    Kirby

    Sentiment: Buy

  • interesting Article- I believe it applies to RSO-NRF-RAS
    • Short interest reaches highest level since 2008 despite gains
    • Level is contrarian bullish, sets up powerful rally, says BofA
    Short Selling
    Amid its biggest about-face in nine decades, a funny thing has happened in the U.S. stock market, where rather than loosen their grip bears have grown ever-more impassioned. They’ve sent short interest to an eight-year high and above $1 trillion, by one analyst’s math. Position reports from the Commodity Futures Trading Commission show mutual fund managers are more skeptical now than any time since at least 2010.
    In short, disbelief is running rampant after $2 trillion was restored to share values in six months. A chorus of Wall Street prognosticators says that’s a big reason the rally can keep going.
    “There’s an enormous demand coming,” said Thomas J. Lee, managing partner at Fundstrat Global Advisors LLC., in an interview with Bloomberg TV . “Retail investors are about to put a lot of money into the equity markets because they’re trend followers and the S&P has had two positive quarters in a row. Funds can’t keep a trillion short position, larger than March ’09.”
    It started in August, when bearish investors sent bets against U.S. stocks above 4 percent of available shares for the first time in six years. They haven’t backed off since. By the end of February, the ratio climbed to 4.4 percent, the highest since 2008, according to exchange data compiled by Bloomberg. As of March 15, that level was 4.3 percent, equivalent to a short position just under $1 trillion.
    Get Ready for some Super rally days & Keep Buying as this stock is way to LOW
    kirby

    Sentiment: Buy

  • kirbyjf101 kirbyjf101 Apr 9, 2016 1:11 PM Flag

    Hi Fred- I think $30.00 is way to strong, but I wouldn't rule out $16.00 to $17.00 a share by years end. If you read the last quarter's conference call, you will see that the business plan has changed to a more conservative approach and with the Huge Buy back at a point when they are buying the stock for a 37% of book value , which will is a heck of lot safer and more accretive to earning than originating loans at this particular time in of the lending cycle. I do tick charting on this stock and the shorts are basically buying and selling to each other trying to create a semblance of volume, when there is very little stock being sold to the market. In my opinion is getting close to a mine breakout to the upside. Also another factor is that the dividend will be paid by 04/28/16 and all the drip buyers will be buying stock and the MM know this , so they will be stocking up shares for selling to that group. In my humble opinion the RISK/REWARD is on the LONG side. ((plus you get a dividend that is well covered by AFFO ((Available Funds from Operations))
    Kirby

    Sentiment: Buy

  • kirbyjf101 kirbyjf101 Apr 6, 2016 8:02 PM Flag

    A New business plan has been devised 7 they no longer can get by with the old plan. That is good in my opinion 7 expect a good quarter and an even better quarter ending June 30, 2016. What a Super turn around canidate for possible large capital gains while getting a 15% dividend. Get a truck and load it up with RSO- JMHO & I'm betting with my CASH
    Kirby

    Sentiment: Buy

  • kirbyjf101 kirbyjf101 Apr 6, 2016 4:45 PM Flag

    WELL ITS YOUR $$$$$, but i'm expecting a good report and the 1,600,000 shares short really don't like to pay a $1.60 annual dividend that's covered by $2.40 in AFFO. A number of them keep thinking & believing their own baloney. The stock is only kept down by the old PING/ PONG selling & buying to each other.
    Kirby

    Sentiment: Buy

  • kirbyjf101 kirbyjf101 Apr 5, 2016 5:12 PM Flag

    i'm betting your wrong- Heck they have plenty of affo for the dividend, so the 15% dividend is well covered and at some point our short friends will cover. I'm expecting a good report

    Kirby

    Sentiment: Buy

  • Thank you, Purvi. First a few highlights from the fourth quarter and year ended December 31, 2015.

    Adjusted net income was $13.7 million for the three months ended December 31, 2015, or $0.43 per share. Normalized AFFO was $15.4 million or $0.49 per share for the quarter, which I will discuss in more detail shortly.

    Net interest income increased by $5.2 million or 23.9%, compared to the fourth quarter of 2014 and by $4.4 million or 19.7%, compared to the third quarter of 2015.

    Between August and December of 2015, we have bought back approximately 6% of our outstanding shares. During 2015, we originated $744.2 million in new commercial real estate loans. During the fourth quarter of 2015, we originated $255 million in new commercial real estate loans, including future funding commitments.

    Book value per share was $17.63 as of December 31, 2015. We paid common stock to cash dividends of $0.42 and $2.34 per share during the quarter in the year.

    I rate the Stock a BUY for dividend income and Potential Capital Gains- The Risk/Reward now tilts to the long Side
    Kirby

    Sentiment: Buy

  • Markets had a predictable immediate reaction to comments by Federal Reserve Chair Janet Yellen on Tuesday that they interpreted as relatively dovish signals about the thinking of the world’s most important central bank.

    Within minutes of her remarks, risk assets rose, government bond yields fell, the dollar weakened and the VIX declined. Sustaining this trend will require two policy signals, one short-term and one longer-term -- assuming that the global economic environment remains relatively stable.

    Quicktake Negative Interest Rates

    She used her much-anticipated lunchtime speech to the Economic Club of New York to paint a cautious and measured picture of the U.S. economy, and of the delicate balance that Fed policy makers must maintain.

    Sentiment: Buy

FIO
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