wow - from 1.92 - 2.05 in one day for this stock, and on thin trading - LIMIT ORDERS please . . .I am here for the long run, but I don't like to get indigestion at lunch!!
There is an article in today's WSJ (November 14)which mentions the Targa takeover could generate a large UBIT tax - would that impact holders of Targa Resources, or holers of Targa Corp. . .or both if held in IRA?
I agree 100% - your points are pretty much my thinking - that is why I have been buying more. I have owned SNH for about 10 years, so the high dividend yield has essentially paid for my original purchase. People really don't care about dividends they want a quick buck on Tesla, or are scared off because the 10 year t-bill is now paying 2.30% - do you want 2.3% or 10% . . .a no brain decision in my book.
I had to buy more SNH this morning - I know this is not a great growth company, but they DO grow -and pay 10% while I am waiting- hey 4% growth a year is 40% in ten years - better than the economy!
Lost in the discussion about slow Asian markets for AMNF was the note about paying off long term debt in 2017. For those of use who have been here more than 10 years, this is a nice item to see. In this day and age of massive corporate debt (and government debt) it is nice to see a company growing cash. I can't predict the stock market, but if we do slide into recession, being in a strong cash position is where I want to be in a company. Hats off to Armanino management for a well run company.
I often say, that no one wants money anymore - I have held SXL for 7 years now, and with the split have 6000 shares - this puts more money into my pocket than any other investment - what do they have to do these days to get respect!. . .14 consecutive quarterly increases - what more does Wall Street want?
who would buy 3 shares when even discount brokers would charge $7 for a trade? If they were buying for a child's birthday to own a stock, at least spend $100. . .rather funny on a slow day. Hope Armanino isn't selling a lot of pesto in China. . .I would guess it is not a big market for them, or not at all.
It was originally published in the London Observer - the WSJ should hang its head in shame for not doing this type of reporting.
As Liberace used to say - then he said, "I bought the bank" - I have owned SXL for 8 years, and "all I know" is that is puts so much money in my pocket each year that I DON'T CARE what the price is - Wall Street is often irrational, especially funds that need to show gains - that is where the "small time rich" can come in an buy and hold and make money!
The FT had an item that the Saudis are borrowing 57 BILLION in the bond market because they can't make money if oil is below $105 - essentially the Saudis declared war on North Dakota and Texas Shale Fields - I don't think people understand that oil independence is as important for the USA as the Navy and Army.
Obviously some big fund or computer driven trades here - SXL down $2.50 and other piplines are down Big Time - KMI, etc. some major fund selling???
The pipeline sector is in better shape than Big Oil like Exxon and Chevron - they also have a lot of nat gas transport to power plants and factories. . .I think most pipelines will muddle through this low oil price environment. . .Saudi Arabia is actually borrowing money to prop up its government spending, and that can't continue too long.
I have owned SWZ since 2006, so almost 10 years coming up. I am actually $2 underwater on my original shares, but because I reinvested ALL of the dividends and capital gains (the default position if you own this fund), I now have close to 5000 shares on my original 1600 share purchase. The problem with Yahoo "Historic Prices" for dividends is that they do NOT show capital gains. For example our "dividend" this July was .001 cents, but the capital gain was about .26 cents. The .26 doesn't show up on Yahoo, so one has to do more research on the SWZ website.
If there is a poster-boy for Buy and Hold, it is SWZ - let's hear it for compound interest!!
The way I see this is that SNH and the other RIET's buying a 48% share in the new PUBLIC RMR will get potential growth in RMR after the IPO. If RMR continues to grow and manage other properties, they could even start a dividend. RMR will get funds from the IPO to grow.
Here is the takeaway from my perspective. Let's say I own 10 apartment buildings and pay a management company 10% a month to manage the properties. That is 10% gone. If I own a piece of the management company, then I can share in their profits, and get some of my 10% management fees back in stock growth or dividends. I can't see much of a downside here.
This is the golden age for dividend and individual investors who don't panic when a stock price goes down for silly reasons or computer trading. I bought a huge number of dividend stocks in 2009 and kept the ones I already had - needless to say it was a good idea. The Fed can't raise interest rates very much or they will crash the economy, so I would not worry about high interest rate loans for SNH.