howl... thanks for that breakdown. i didnt realize, or simply didn't remember, Targa's overwhelming bent toward NG vs. oil. whenever i check the closing price, it always seems to move with wti crude, hence my comment.
my 2 cents (and that's all it's worth) is the move in TRGP is purely related to the price of oil. oil goes up, TRGP goes up. oil goes down, TRGP goes down.
small caps are down over 1% today. just be happy NRZ is up. but the overall share price sucks, obviously.
if you haven't used it already, using twitter for search will often get you good info. just put a dollar sign before the ticker symbol ($NRZ) in the search window on twitter.
price targets are a 100% total crapshoot. non of them have to be anywhere near reality. plus analysts that cover smaller companies (like NRZ) generally are lesser experienced. UBS and Merrill are positive on NRZ, that's all you should care about. price targets are BS
43,00 shares traded in the after hours.... meh. not really psyched by the volume, but at least the price went in the right direction. the sell off was simply ridiculous.
they have 82 cents per share of undistributed taxable income. they're not cutting their dividend anytime soon.
i can't believe Zacks automated garbage ratings system would cause ACSF trading volume to double. based on price action of recent days it looks like a big share holder wants out. but who knows. thinly traded stocks are a #$%$. i'm sorry i ever bought this dog.
large volume spikes at the close are common for all equities and funds. this can cause sharp updrafts or downdrafts in share price, especially for stocks/funds with generally lighter daily volumes. i wouldn't read too much into it.
you got it at a 5.5% discount to nav... which is decent based on its history. but if the market continues to tank, PDI is going down with it. PDI hit a 12% discount to nav last august.
SCM never covers the dividend.... never. BDCs that don't cover the dividend go down.
well, the NII sucked balls. just 22 cents. under earning the dividend for a few quarters was anticipated due to the new shares issued in connection with the acquisition of MCG Capital.
i certainly am no expert. but the nav has been in slow steady decline (in excess of the paid dividends) since july 1. the recent tightening of the discount may simply be people buying because it looks cheap, when in reality the net asset value of the fund is down, independent of dividends. i've learned the hard way to be patient.
when the market tanked in august, PDI sold off to over 10% below net asset value. that's what i'm waiting for again. i've been burned too many times. you got it for roughly 5.5% below nav... which is respectable. but this market is hideous.
buying PDI above NAV (current NAV is $26.76) is not a good idea. for 80% of its life, PDI has sold below NAV... significantly below NAV. and unfortunately, the NAV has been slowly declining since june 2015.
i wouldn't worry about the dividend much. i'd be far more interested in the share price to NAV ratio. not buying until it's at least 5% below NAV.