PSEC is dropping ahead of earnings due after market Monday. Slick has posted his sale and his 29000 PSEC trading win :) If they miss by a penny as usual small blip, if they meet or exceed $11 fast, if they miss bad , look out below! I sold my POST a second time for a small gain and might make PSEC my gambling stock. My guess is a penny miss again. Phil
Janet is doing the job for which she was hired. That is to keep the markets humming through the midterm election so the Democrats would have a positive to point to. She might demonstrate how she really feels about interest rates at that time. In her defense there are differing opinions at what course of action to take .
Home brew, With a MLP you receive a Distribution (not called a Dividend ) that is tax deferred as a ROE (return of equity) or giving you your money back. If you pay $100 for a unit (share ) of MLP your Basis is $100. When you receive a $5 Distribution (ROE) your basis is reduced to $95. When you receive enough Return of Equity that equals what you paid for the unit your Basis is then Zero and the Distribution is taxable income at that point but you can defer the amount of your Basis until you sell the MLP. I hope that a good explanation . Phil
The facts are that there are more voters looking for others to take responsibility for there lives than are willing to take care of themselves . The President of Argentina sounds just like Obama offering the free lunch to a populace looking for a free ride.
Seth why would there not be heavy tax loss selling now? If I controlled my wife's account as happens often, I would sell a old position of POST in my account to take loss and buy in my wife's account. I do believe dis suka agiten ready to fly :)
So far I have not seem any positive UBTI on The K1 of KMP or any other MLP except NRP a Coal and Timber Royalty MLP. The rules are hard to see because they are opaque and are designed for charitable organizations. Best to not worry about it unless you are a upper one per center then let your accounting firm take care of it.
The traders and pretend longs will sell before earnings in hopes of buying back lower. One in particular will brag about trading wins he has had in a row :). If the miss is small there will be a blip and quick recovery. If something happens bad the blip will be deeper and have a longer duration. If it sell off big going into earnings I would buy and take a chance . Phil
Mr. weasel so HLF and POST are competitors? Perhaps when HLF products are stocked in grocery stores or POST is sold at house parties:). You need to change your login to S_T_R_E_T_C_H. :). Lol
If DLTR ends up with FDS at a descent price it's stock should take off. Dollar General is also bidding for FDS. FDS may not take the highest bid because of feelings of the CEO and and a crony BOD. Uncle Carl is a major holder of FDS so there will be lawsuits and headlines , nothing is certain.