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Annaly Capital Management, Inc. Message Board

marionpolk2000 276 posts  |  Last Activity: Nov 21, 2014 12:27 PM Member since: Apr 27, 2002
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  • Reply to

    GGN.....added some

    by keltus1952 Nov 20, 2014 2:37 PM
    marionpolk2000 marionpolk2000 Nov 21, 2014 12:27 PM Flag

    The only disadvantage to ROC is that if you sell the sock at what you think is a loss, the IRS might tax you on a huge gain. If you hold the stock til you die, then your heir gets a "stepped up basis", and the IRS never gets to tax the ROC.

    Sentiment: Strong Buy

  • Reply to

    WHAT IS WRONG HERE................

    by slicktop4 Nov 21, 2014 9:47 AM
    marionpolk2000 marionpolk2000 Nov 21, 2014 11:59 AM Flag

    If you have a huge loss in a ROTH IRA, you can liquidate the ROTH and deduct the difference between your original total investment and your liquidation proceeds on Schedule A with no $ 3,000 limit to the deduction. You may however be charged an early distribution penalty if you are under 65.

    Sentiment: Strong Buy

  • Reply to

    WHAT IS WRONG HERE................

    by slicktop4 Nov 21, 2014 9:47 AM
    marionpolk2000 marionpolk2000 Nov 21, 2014 11:56 AM Flag

    Dividend income can be "qualified" (lower tax rate to you, paid by "C" corporations, "ordinary income" paid by BDCs, REITs & MLPs, "return of capital" (not taxable now, but reduces your cost basis in the stock) paid by all types, or other special tax features identified by a K-1 or other form sent to you by your broker. Long or short term capital losses carried over from prior years can fully offset capital gains, and the excess deducted from ordinary income at $3,000 per year until the carryover is used up.

    Sentiment: Strong Buy

  • Reply to

    Bought back in quicker than anticipated

    by clrodrick Nov 19, 2014 4:09 PM
    marionpolk2000 marionpolk2000 Nov 21, 2014 11:48 AM Flag

    Of course the "dishonest" people were terminate by the Board of Directors, which made full disclosure of the problem.

    Sentiment: Strong Buy

  • Reply to

    WEATHER!

    by igurumo Nov 19, 2014 9:02 AM
    marionpolk2000 marionpolk2000 Nov 20, 2014 2:26 PM Flag

    "solar flares have no effect on climate" Actually solar flares affect the amount of thermal radiation from the sun, but it would take pretty extreme flares over an extended period of time to impact the average temperature of the atmosphere.

    Sentiment: Strong Buy

  • Reply to

    WEATHER!

    by igurumo Nov 19, 2014 9:02 AM
    marionpolk2000 marionpolk2000 Nov 20, 2014 2:23 PM Flag

    "now nearly within two standard deviations of the long-term average. " Two standard deviations is a HUGE difference. That puts it above 98% of the distribution on a standard bell curve of probability!

  • It is not too late to protect your dividend income by switching to MEMP, LNCO, and/or ARP.

    After ROYT announces the next dividend cut before the end of this month, you may not have as good an opportunity to do so.

  • Nicholas Schorsch has clear conflicts of interest by sitting on the Board of Directors of ARCP and also a firm currently involved in a legal dispute with ARCP. Nicholas Schorsch clearly has a much greater financial interest in a firm or firms whose interests are no longer aligned with ARCP.

    What do stockholders of ARCP have to do to get Mr. Schorsch removed from the ARCP Board of Directors?

    Sentiment: Strong Buy

  • Reply to

    Good Luck to you

    by standupjskiguy Nov 19, 2014 9:44 AM
    marionpolk2000 marionpolk2000 Nov 20, 2014 9:51 AM Flag

    It seems to me that the initial announcement of the error was stated in a way to cause maximum damage. I sense a power struggle between insurgent board members and the legacy "Schorsch team". Schorsch needs to leave the ARCP board as soon as possible, and concentrate on salvaging the remainder of his holdings before they evaporate..

    Sentiment: Strong Buy

  • Reply to

    The PROSPECT of more cash!

    by marionpolk2000 Nov 18, 2014 6:11 PM
    marionpolk2000 marionpolk2000 Nov 18, 2014 6:55 PM Flag

    The fact that PSEC ann borrow at 4.25% is certainly a good thing.

    Sentiment: Strong Buy

  • marionpolk2000 by marionpolk2000 Nov 18, 2014 6:11 PM Flag

    Prospect Capital Corporation
    Prospect Capital InterNotes®
    4.250% Senior Notes due 2020 (the "2020 Notes")
    Trade Date: Monday, November 17, 2014 @ 12:00 PM ET
    Settle Date: Thursday, November 20, 2014

    During the period from September 26, 2014 through October 29, 2014 (with settlement dates of October 1, 2014 to November 3, 2014), we sold 3,954,195 shares of our common stock at an average price of $9.76 per share, and raised $38.6 million of gross proceeds, under our at-the-market program (the "ATM Program"). Net proceeds were $38.4 million after commissions to the broker-dealer on shares sold and offering costs.

    toward the goal of consummating these initial spinoffs in early 2015.

    Sentiment: Strong Buy

  • Reply to

    FIVE insiders bought stock last week!

    by marionpolk2000 Nov 17, 2014 10:52 PM
    marionpolk2000 marionpolk2000 Nov 18, 2014 3:45 PM Flag

    One of them paid almost the same price I paid. All the others paid more!

    Sentiment: Strong Buy

  • marionpolk2000 by marionpolk2000 Nov 17, 2014 10:52 PM Flag

    A total of 81,620 shares were purchased for cash last week by the CEO, president, V.P. of finance, general counsel, and a director. I don't think I've ever seen so many insiders buying at one time in any company. I guess they are not worried about the future level of dividends.

    Sentiment: Strong Buy

  • Reply to

    Take a look at MEMP

    by marionpolk2000 Nov 14, 2014 9:39 AM
    marionpolk2000 marionpolk2000 Nov 17, 2014 10:30 PM Flag

    I don't care about ratings, just dividends. Since MEMP is heavily price-hedged for several years, they should be able to keep paying.

  • Reply to

    Bought LNCO at 20.35

    by thewisejman Nov 17, 2014 10:24 AM
    marionpolk2000 marionpolk2000 Nov 17, 2014 7:36 PM Flag

    And you don't think the House of Saud is already the largest soure of funds for ISIS?

  • THIS IS THE GUY BEHIND POINT 72

    Steven A. Cohen (born June 11, 1956) is an American hedge fund manager. He is the founder of SAC Capital Advisors, a Stamford, Connecticut-based hedge fund focusing primarily on equity market strategies.

    He has an estimated net worth of $11.1 billion as of May 2014, ranked by Forbes as the 106th richest man in the world.[1][2] Cohen is 35th overall in the U.S.[3] In November 2012, he began to be implicated in a large criminal insider trading scandal. In July 2013, SAC was charged by the Securities and Exchange Commission with failing to prevent insider trading.[4][5] In November 2013, SAC Capital agreed to plead guilty, stop managing funds for outsiders, and pay a $1.2 billion fine.[6]

  • Reply to

    How to ignore

    by rondhale Nov 17, 2014 12:03 PM
    marionpolk2000 marionpolk2000 Nov 17, 2014 1:06 PM Flag

    To the right of the subject area a Flag will show if your cursor is in the area. Click of Flag drop down arrow, then click ignore. Doesn't always work, and once ignored the post still shows in light gray, and sometimes ignore takes awhile to work after you log in.

    Sentiment: Strong Buy

  • Reply to

    Distributions secure through 2015

    by pref_prof Nov 14, 2014 10:01 AM
    marionpolk2000 marionpolk2000 Nov 17, 2014 7:50 AM Flag

    Some investors (like me) simply prefer monthly distributions. Less price volitility at x-date, greater reassurance that everything is OK when the dividend shows up. I have not invested in stocks paying quarterly instead of monthly dividends recently, but MEMP became too good to pass up.

    Sentiment: Strong Buy

  • Reply to

    Basics

    by purpletrader44 Nov 14, 2014 1:08 PM
    marionpolk2000 marionpolk2000 Nov 17, 2014 7:45 AM Flag

    Don't forget to include the operating cash flow of $195,574,000 that ARCP earned in the three month period ending in June. (Can be computed from information on page 2 of the 10-Q on file with the SEC.) Cash earned in subsequent months should be similar, except that they netted $1.4 billion additional cash from property sales closed in October.

    Sentiment: Strong Buy

  • Reply to

    Basics

    by purpletrader44 Nov 14, 2014 1:08 PM
    marionpolk2000 marionpolk2000 Nov 15, 2014 7:27 PM Flag

    Why not use the 6/30/2014 balance sheet? That shows original cost of all real estate @ $18,101,436, and all mortgage debt @ $4,227,089, for net equity at original cost of $ 13,874,347. It is possible the real estate is now worth more than original cost. This calculation leaves out all other assets, and all other liabilities, but it shows you where they stand on their debt covenants.

    Sentiment: Strong Buy

NLY
11.50-0.02(-0.17%)Nov 21 4:02 PMEST

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