Thu, Jan 29, 2015, 11:24 AM EST - U.S. Markets close in 4 hrs 36 mins

Recent

% | $
Quotes you view appear here for quick access.

Hudson City Bancorp, Inc. Message Board

lgtccjm 9 posts  |  Last Activity: 15 hours ago Member since: Jul 30, 2002
SortNewest  |  Oldest  |  Highest Rated Expand all messages
  • A lot less than before the Federal Reserve

    Sentiment: Hold

  • Reply to

    Swiss Franc Soared

    by thewisejman Jan 15, 2015 11:10 AM
    lgtccjm lgtccjm Jan 15, 2015 12:49 PM Flag

    yes, although I don't know anything about banking in Switzerland.
    I think Treasury bills traded at negative interest rates in the US during WWII for a short period.

    Cannot believe that FSC continues to fall. Thought buying shares at 8.08 was a good deal, should yield over 10% for quite some time. Someone is anticipating an apocalypse or they know something I don't.

    Sentiment: Hold

  • Reply to

    OHAI

    by thewisejman Jan 6, 2015 3:21 PM
    lgtccjm lgtccjm Jan 8, 2015 1:56 PM Flag

    Your welcome. And thank you. This message board has a lot of interesting ideas. Not all for me. Quite happy with FSC now. Even with a reduced dividend, can't go wrong at 10 plus percent yield.

    Sentiment: Hold

  • Reply to

    OHAI

    by thewisejman Jan 6, 2015 3:21 PM
    lgtccjm lgtccjm Jan 8, 2015 11:24 AM Flag

    no, sold it last fall when it was still NGPC and took the loss. The new strategy (not energy related) will take years to turn around. A particular concern now is that one of their largest positions is a limited term royalty interest in ATP. ATP went bankrupt and was liquidated. The limited term royalty interest is a real property interest but is being contested in court by the buyer of the ATP assets. Even if they win the suit, the security is oil at the bottom of the Gulf of Mexico which is worth less each day and totally dependent on keeping the platforms in production. NGPC always had volatile net asset values. Tread carefully.

    Sentiment: Hold

  • Reply to

    OHAI

    by thewisejman Jan 6, 2015 3:21 PM
    lgtccjm lgtccjm Jan 6, 2015 4:50 PM Flag

    The insider buying is from the management company. NGP sold the management rights to the BDC. As a provision of the sale, the new management is buying $4 million (?? did not check this, just from memory) of stock in the open market. Evidently it is being bought in the name of the Chairman of the management company.

    I was an owner of NGPC for many years. It was an excellent proxy on the price of oil. Their deals typically included royalties as an equity kicker. When the price of oil went up, they made a lot of money. When the price of oil went down, their investments defaulted. Their track record in the oil patch was actually pretty good, but they always trying to invest in other energy related companies. They invested in two ethanol plants, they both busted. They made coal mining investments, both defaulted (although they ended up owning a coal company that they eventually sold to come close to breaking even).

    Sentiment: Hold

  • lgtccjm by lgtccjm Dec 24, 2014 11:24 AM Flag

    Anyone remember that Nick Schorsch pulled the same trick with ARCP that he did with AFR years ago. You pump up AFFO and pay a high dividend. Eventually it all unravels. Learned to watch FFO and GAAP earnings. Those are a little harder to manipulate.

    Also learned to be very suspicious of European investments for REITs. AFR took the entire staff to London to investigate European investments. GPT actually bought something in Europe, but still a little bit of a boondoggle. Executives are always looking for free trips to Europe.

    Sentiment: Hold

  • lgtccjm lgtccjm Dec 12, 2014 1:41 PM Flag

    just bought some more FCS - trying to catch the falling knife. Even when the dividend is reduced (assuming it falls less than 20%), my yield is well over 10%. I expect dividends from BDC's to fluctuate and I expect a few of their investments will fail. Hopefully a long term income generator. Not terribly concerned about net asset value because that is such a subjective number.

    Sentiment: Buy

  • Reply to

    Luck out today

    by thewisejman Nov 21, 2014 8:22 PM
    lgtccjm lgtccjm Nov 24, 2014 11:28 AM Flag

    money market fund yields were in double digits all year (1982), I had one that peaked at 17%. Did not put much into stocks then, Double digits on cash was enough.

    Sentiment: Hold

  • Reply to

    Anyone bought FASM IPO?

    by luvpizzasj Oct 30, 2014 6:32 PM
    lgtccjm lgtccjm Nov 1, 2014 10:48 PM Flag

    yeah, I stay away from google and Microsoft that have no real assets

    Sentiment: Hold

HCBK
9.010.00(0.00%)11:23 AMEST

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.