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NorthStar Realty Finance Corp. Message Board

mysonchino 14 posts  |  Last Activity: Mar 24, 2014 7:23 PM Member since: Dec 4, 2007
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  • Reply to

    If you want sustainable rising income

    by mysonchino Mar 22, 2014 9:31 AM
    mysonchino mysonchino Mar 24, 2014 7:23 PM Flag

    I have purchased a few residential mortgage reits. (AI;ORC;NYMT;EARN &WMC)
    Also purchased some SDRL and some NRZ. Also have 6 BDCs that account for 1/3rd of portfolio when added to the a fore mentioned stocks plus RSO. The other 2/3rds is split between equity option income cefs and preferred cefs which are yielding about 8.5%. I am not expecting great things over the next couple of years so will be happy just collecting nice yield dividends. Maybe an upside surprise from SDRL or NRZ. GL.

  • Reply to

    No DIV?!

    by wingrunner173 Mar 21, 2014 7:35 PM
    mysonchino mysonchino Mar 23, 2014 1:51 AM Flag

    It's foreign and this sometimes happens.

  • Reply to

    If you want sustainable rising income

    by mysonchino Mar 22, 2014 9:35 AM
    mysonchino mysonchino Mar 23, 2014 1:49 AM Flag

    the rso post is very old and reposted by some troll who finds me fascinating or something. Poor devil should get a life. As to rso I hold some today and it will be year end before there is any clue as to whether it will cover the dividend and as a result slowly move up. I am very cautiously about 2/3 optimistic. As to orc I have just purchased some shares and hope to purchase the other half of what I want Monday when it goes x. In the meantime I'll just keep enjoying being such an important part of the troll's life. GLTA

  • Reply to

    If you want sustainable rising income

    by mysonchino Mar 22, 2014 9:31 AM
    mysonchino mysonchino Mar 23, 2014 1:24 AM Flag

    a very old post of mine. Glad to see I am such an important part of which ever troll reposted it.
    Like I said before I get a great kick out of putting these guys on ignore and watching how far they will go to try communicate. Really must be inside their head. LOL.

  • Reply to

    Dividend announcement

    by stan1736 Mar 21, 2014 8:54 AM
    mysonchino mysonchino Mar 21, 2014 5:01 PM Flag

    Once they cover the dividend the stock should move up but it won't happen that quickly. This is a stock which requires tremendous amount of patience. Management has over promised so many times that one quarter of coverage will not make believers. That said, I think if they can cover then the stock can move up to close to 7.00 by the end of next year for an 11% yield. After that it will require dividend increases. There are a lot of opportunities out there and this stock may be one. we will know by the end of the year. If they break another prediction and don't cover it will be under 5.00 because the dividend will have to be cut again. I am 65% positive but have apprehension as well. GLTA!

  • Reply to

    So is this a buy now?

    by nelson_greenville Mar 13, 2014 2:18 PM
    mysonchino mysonchino Mar 14, 2014 3:47 PM Flag

    they declared an extra dime and raised the dividend .20 per year.

  • mysonchino by mysonchino Mar 12, 2014 6:18 PM Flag

    Any idea when they will be available?

  • Reply to

    rather depressing fact

    by kenpalley2000 Mar 11, 2014 11:10 AM
    mysonchino mysonchino Mar 12, 2014 4:04 PM Flag

    Well, they have provided guidance at .20 for 2014. They also said (again) that the dividend will be covered by the 3rd or 4th quarter. I have been negative on this stock and it seems opinions have hit rock bottom. I am taking a chance with a few thousand shares that this time it will actually be true. If the dividend begins to be covered you could see a yield of 11% or so which would be a 7.25 stock price. Then it time to see if the dividend can grow which would happen at the very earliest towards the end of 2015. If RSO is for real then there is solid total return with this stock for the next 3 years. If not well you know what will happen. GLTA!

  • mysonchino mysonchino Mar 12, 2014 3:44 PM Flag

    no lower than .65 but quite likely .75

  • Well, maybe you guessed . I bought back in to RSO. Nothing huge, 3000 shares. I reread their latest CC transcript and cohen seemed to be making a logical forecast rather than a hopeful promise. I may very well be wrong but I am now thinking that there will not be a dividend cut. Once coverage is established I don't believe the yield will be 13% any longer. I sold some foreign option income CEFs and used the proceeds for RSO; PSEC; TICC; KCAP; NRZ; WMC(small position) and SDRL. I believe all can maintain their dividends except for WMC where I believe there will be a .60 reduction through the course of next year which still provides a 15%+ yield. Hoping for dividend growth from NRZ; TICC and PSEC and in a couple years some dividend growth and price appreciation from SDRL.

    Going forward I am considering adding some Helios high yield and asset back cefs. Provides a 9.25% yield and this may get better as soon as the taper continues and the market smells a little tightening. Intend to DCA into the high yield over the next 2 years.

    Any ideas for income with the slight potential of appreciation would be appreciated. GLTA!

  • Reply to

    open letter to the board

    by wintersfamily0793 Feb 26, 2014 10:13 AM
    mysonchino mysonchino Feb 26, 2014 4:35 PM Flag

    You are so right about RSO and Mr Cohen. He is an incompetent. He promised to cover the dividend starting in the 3rd qtr. Well he did in the 3rd qtr and then didn't in the 4th qtr. I do not believe he is truthful and I do not understand why people believe theis is a "steady stable dividend". It has been reduced from 1.65 to 1.00 to.80 and will be reduced again at the end of this year with the following announcement" with the resetting of the dividend RSO now has suffieient cash flow and earnings to significantly enhance shareholder value. Going forward we plan to grow both the PPS and dividend." This will be BS in the purest form. Get out and buy PSEC, TICC, OCLC, NYMT, KCAP or SDRL. RSO is a loser play. How much proof does a reasonable person require?

  • Reply to

    Well it happened again

    by mysonchino Feb 26, 2014 11:14 AM
    mysonchino mysonchino Feb 26, 2014 1:30 PM Flag

    No Ray, I am not shorting. I hold on to the stock to remind me not to put too much trust in what is said in conference calls. I believe the rose colored glasses world that Cohen has been pushing borders on a breach of his fiduciary duty to the stockholders. He promises and promises, never delivers but then promises more. The guy should sell time share or work in a circus. He is a clown. Moreover, he should be taken to task by the regulators and no longer be able tp push this hash. I think the entire family is missing a gene. Good luck to you.

  • mysonchino by mysonchino Feb 26, 2014 11:14 AM Flag

    Remember when the CEO promised the dividend would be covered in the 3rd and 4th quartet? Right. Oh those nasty loan pay downs reduced our income but not to worry we have originated many new loans and the future is bright.....blah ,blah, blah. It never stops and while the markets go up this dog sits still. I can not believe I once liked this stock.( silly me, I listened to the CEO and believed him) I am down from 10,000 shared to 600 and glad I woke up and smelled the coffee in the high sixes. Cohen has no shame. He sings the same song every quarter and seemingly some still like the music. Look at SDRL, NRZ, PSEC, OXLC,KCAP or TICC as a viable alternative and let this dog go.

  • Reply to


    by seeds.bill Feb 6, 2014 4:37 PM
    mysonchino mysonchino Feb 21, 2014 1:23 PM Flag

    The pipeline is always "robust". They always "would have made more" if all the funds were invested. This stock continues to bust out "almost". I am down from 10,000 shares to 600 shares. Maybe someday the stars will line up for RSO but in the meantime OXLC and PSEC pay about the same dividend and don not continually disappoint. Godd luck to all the believers.

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