7/18/14...... upgrades target price from $40 to $41.
thanks again to the creeps at hedgeye for allowing me to get in at such a good price.
$2.0 dividend in 2015, with 10% increase annually after that, not including new projects and acquisitions. growth + yield = ideal situation.
PNNT hasnt had a SPO in 2 years. can any other BDC make that claim? comparing PNNT to FSFR is beyond absurd. PNNT is issuing shares above NAV. FSFR issued shares $2.22 under NAV!!! PNNT's dividend is fully covered, and they have never cut their dividend, even thru the great recession.
i dont believe any of the sell off is alibaba related. people/institutions will PRIMARILY sell off other tech holdings to buy alibaba... thus maintaining balanced portfolios. KMI is probably selling off as collateral damage from the sell off in oil. the spike in the 10 yr. treasury is probably doing some damage too, as investors presume debt will become more expensive. ~my 2 cents~
NII per share for this quarter (29 cents) more than covers the dividend (27 cents). NAV now at $14.52, up 42 cents in the last 3 quarters.
what do you think KMI's share price will be in 2020 when their dividend is at least $3.0 annually per share? here's my guess: waaaay higher than now.
credit suisse has a good research paper (from right after earnings). they give KKR a $33 price target, and project a $2.45 annual distribution in 2015. so at $33.00 that would give you a 7% yield. we're in the summer doldrums. KKR is cheap.
rich kinder says KMI will pay a $2 annual div per share in 2015, with a 10% increase per year after that thru 2020. based on the share price at the current dividend at the close last friday, before the re-organization was announced, that would project to a $63 KMI share price in 2020. and that does not include any new acquisitions or projects.
if you have a schwab account, check out the research paper from credit suisse on KKR. it was written right after earnings a few weeks ago. they're very bullish on KKR. they anticipate a $2.45 dividend for 2015. at the current yield, that would equate to a $33 share price. mike murphy on on FastMoney said, "this is a $30 stock."
if you want to estimate the date of dividend announcements, go to the website of the company, click on press releases, and look for past announcements. last quarter RAS announced about 1 month before the ex-date.
easily spooked retail ownership of PDI makes it volatile. while the share price has dropped 5% in the last 3 days, the actual NAV has gone up over the same period from $33.38 to $33.50.
the phone is the standard way to have a conference call.... that's why it's called a "call" ...as in "phone call." all the analysts you hear asking questions are on the phone. if you wanted to ask PNNT management a question, you have the chance by using the phone to access the call. having access to the call on the computer is simply an additional option. the vast majority of companies have the call accessible on the internet, but there are still companies that dont.... and PNNT appears to be one of them.
the 10 yr treasury wont get near ARCP's yield for a long long long long long long time. perhaps at some point in the 2020s.