"FLY has acquired 22 newer aircraft this year, while divesting of older models, which is transforming our fleet and driving strong growth in our lease revenues," said Colm Barrington, CEO of FLY. "For two consecutive years, FLY has grown its fleet by 15% or more, while at the same time returning capital to shareholders with its attractive quarterly dividend. With a strong balance sheet and a nimble strategy that allows us to act quickly to take advantage of opportunities in the market, FLY is in an excellent position to continue delivering both strong growth and income to its shareholders."
well said dj. i closed my TNK at 3.92 PPS some months ago but always follow positions i closed to see if i made the right move. so far, with TNK, i haven't. too volatile and speculative for my tastes. tell you what tho, i will do some DD with CPLP and GASS. my only energy stock is ETP and they are simply pipe line people.
you got in at a good time and congrats to you. nice return. nonetheless, it is all about "what have you done for me lately?". since 9-30-12, the answer is "Nothing". yield gave a return and covered the capital gains loss. didn't cover what you would have made in the markets in general.
BDC's not doing well. has the sun set on this sector? is that why we are seeing selloffs?
let's hope for better days - soon. lol.
no appreciation to share price since end of Sept 2012. running an IRR shows MAIN a marginal investment, at best, since that time. the BDC sector in general is not a shining star. altho we will see nice dividends this month, corresponding drop in PPS nullifies that cash. today is a bad sign as MAIN, and most other BDC's being sold off as the overall market bounces back from a string of bad trading days.
nearly 80% of MAIN outstanding shares are owned by institutional investors. that is very high and not surprising considering the Russell and S&P lack of exposure.
anyone care to offer up any relevant info or opinions?
not liking the trend here...
me too. market recovering from selloff last few days and PLOW PPS vastly underperforming. expected a bounce back here today yet shares continue the slide.
85.3% of outstanding shares owned by institutional investors. that's high. us individual investors guys have little or no impact on PPS so i don't believe it's a case of "weak hands".
am still holding but may be some months before we see impact to acquisition bear fruit on earnings. trying to control my itchy trigger finger.
down 3.18% today (at noon EST). had to buy in again and cost avg. can't resist this price and volume is light today. bought at 23.10 PPS. a bargain. (i think)
Sentiment: Strong Buy
we'll see. the jury is out. however, i increased my FB position again today. for right or for wrong, i put my money where my mouth is.
i had thought to sit out december with a large cash position but, after today's early swoon, bought back in on all fronts other then taking out $32k for property taxes, prep for taxes on capital gains and to cover taxes on a years' worth of dividends.
hope now for the best...
good fortune to us all.
you got that right.
always worse tho when an analyst downgrades and then stock drops on that basis. that is just what happened to PLOW when Baird downgraded a few weeks ago. Baird's explanation to their downgrade was that PLOW was a risky investment due to the reliance on snow. needless to say, they were wrong.
ok, finished my selloff. all yours. between my selling, and your buying, made for an interesting trading day. fun to see the PPS chart climb, fall, climb, fall, climb fall.
will watch to see if you buy anymore. gotta tread lightly due to such a small float.
i've too much to chance to buy, hold and wait for your play.
good luck to you. i am now just an interested observer.
PLOW overall performance has been great but sure is volatile. historical volatility now at 28.5% with beta at 1.2. those are rather high.
just trimmed my overall stock portolio just after the opening bell today. now have 37% in cash. i left PLOW position as is. am simply holding for now with expectation that they continue to beat YOY quarterly earnings and projections. anticipate PLOW to reap synergies on their last 2 acquisitions and believe EPS will improve and generally expect that to push the PPS.
come late Dec, or early Jan '15, will buy back into market. historically (usually) Dec is often a down month as investors sell for tax purposes and Jan (all things being equal) is usually a strong market as investors take advantage of buying opportunities. generally, that works for me. at that time, depending on PLOW PPS performance between now and then, will most likely increase PLOW position.
good fortune to you...