Barron's printed a pumper piece on PG in the Saturday Edition. PG closed down Friday so Barron's premium subscribers did not jump on for some reason. No idea the meaning but I would like some at a sub 52 wk low later in the year. Looking for PG in the $ixties .
From my experience Monday will be opposite what you think it will be or flat. I vote for way up or way down:)
Racist ? No ,race not involved. Sierra is a elitist snob apparently fallen on hard times. My guess is a retired college professor who miss invested and now lives in a trailer picking up WiFi from a nearby Mickey D.
The CHK01152016P10 at $1.20 sounds good, selling gets you $1.20 income or a $8.80 share. I would hate to miss a Xmas rally for a measles $1.20. I would not buy the Put but I might sell a few .
I should have added with PSEC from inception the total return is about 52% or a average annual return of about 4.89%. Past performance may not be indicative of future performance. Not the best but a long way from the worst.
Sierra Excuse me once again for saying you are very wrong . Perhaps you obtained your data from the bathroom wall in some bus station. The first day of trading was Sept 27,2004 PSEC open and closed at $15 on June 26 it closed at $7.50 for a exactly 7.50 Capital loss. During this period each share earned about $15.39 in Dividends. The Dividends minus the Capital loss leaves a gain of $7.89 per share. I obtained my data from Yahoo Historical prices. Now it's time for you to apologise .
My last major Preferred buy was in December 2013. With a interest rate rise or fear of one they will be on sale again this December. In no rush to buy much above 12/2013 levels. Also looking at Bond funds in same way.
The Greek Government ministers and all politicians are urging a no vote on the referendum. With a no vote the EU will probably have the choice of giving in to Greece or booting them out of the EU.
Sierra you are very wrong. If someone bought PSEC at the IPO his annual average return would be about 5%. While that's not the best it's a hell of a long way from the worst.
On July 5 the Greek people will vote on a bailout proposal. Not sure of the details but I doubt the Greek people will vote for a cut in social benefits . The politicians are covering there back sided. The Devils of course is in the details.
FFC closed at $18.90 in AM, my last buy in was just under $17 a few years ago when Preferred had a higher yield that those active today.
On July 5 the Greek people vote on a bailout proposal. Don't know the details yer but the politicians are covering there butts. So the average Greek will vote on cutting his Social Security and other social benefits . Don't know the details but I doubt it passing if it cuts benefits .
Sounds like interest rate fear. They will be on sa.e in December with even a token rate increase or fear of a increase. I treat Preferred like Bonds they are both debt instruments.
Sierra SEC goons are now getting a fix on your location. If someone points a lazar pointer at your trailer and you hear a whistling sound , say your prayers:)