personally, i am holding tight and expect another good surprise on next earnings report. retailers spent a lot on advertising money throughout all media outlets from radio to newsprint. looking forward to that earnings rept.
Sentiment: Strong Buy
i too am surprised. fully expected to see WY PPS improve with the news on family housing starts. tough to predict this market lately. nonetheless, i agree with your Long-Term Sentiment. Strong Buy. i just don't have enough faith in WY to increase my position tho. underperforming.
Sentiment: Strong Buy
yeah but as you put capital into a Roth IRA, it is after tax income. as you realize dividends (and hopefully capital gains), you aren't taxed during the withdrawal.
with a traditional IRA, you get a deduction putting capital in but are taxed on the for the whole 9 yards when you pull money out. IMO, you are best off going the Roth route with MAIN. i max out on yearly Roth contributions and it's for high income stocks such as MAIN. Plus - there is that income tax method to consider.
i have rolled over my 401K into a Roth (after paying tax). i maintain both a traditional and Roth IRA as there are different advantages to both. both my traditional and Roth IRA's are self directed and kept in Ameritrade accounts.
not a good day for MAIN. gave back some of the recent gains as it closed down 1.41% at the bell. let's hope that were folks doing some profit taking who didn't expect to see any more positive runs.
looking forward to next earnings report and hope that Foster's predictions come to pass. i didn't increase my position prior to last announcement and am sitting tight unless we see another dip.
good fortune to you...
according to Fidelity (and they are accurate), at 27.9 PPS share price is now down 17.23% over last 52 weeks. ugh.
nonetheless, i hold some speculative stock, some growth stock (which isn't growing lately), and some income stock (primarily MAIN). i also hold a smattering of utility stocks as they serve as a good hedge and yield is respectable.
MAIN now approaches the 52 wk low of 26.17 (per Ameritrade). it gets there, i most likely will modestly increase my position to do some cost averaging and to reap the dividends which appear safe. by-the-by, Quad was correct in that MAIN has NOT reduced dividend but rather increased the monthly dividend from .165 to .17 on ex-div date Sept 17. MAIN typically goes ex-div on the 16th - 18th each month so be aware of corresponding drop in shareprice at that time. i try not to bad mouth MAIN at that time.
keep the faith brother....
how true that is and that emotion is typically one of fear. lots of fear out there. notice how utilities prosper under a climate of fear? utilities also often erode in an up market. nonetheless, i generally keep about 10% of my stock portfolio in a sprinkling of utility stocks as a hedge. their yield is pretty good too.
are you very exposed too BP and oil related stocks? i generally also try to keep a percentage in oil but that changed about the time i closed my BP position. the only holding that is relatively affected by oil is ETP (pipeline). even that has dropped.
you jest - right? i appreciate you being a loyal follower but really, you would do well to worry less about me and more about your BDC portfolio. i can't believe you track me. kinda spooky.
hiker, i agree with you. with lower oil prices input costs for nearly all consumables drop due to cheaper transportation and/or production costs. profits go up. by the same token, disposable income for consumers rises and, they spend it which drives the economy.
unfortunately, whole nations depend on oil revenue, most notably Russia. their economy implodes, they experience recession, they stop buying and reduce imports. that hurts automotive and all related industries. same prob in SA.
IMO, benefits outweigh negatives. market over reacting - as it usually does. i don't expect oil companies and related oil businesses to do well. they won't until the Saudis relent. however, other sectors will rise. industrials first and foremost.
i last liquidated BP holdings at 53.06 PPS as the writing was on the wall. as BP is shareholder friendly, i fully expected to buy back in but am not about to try catching the falling knife. will wait until i start to see a reversal and trend developing then buy on the way back up. at this time, i expect things to worsen a bit more.
good luck to you and all BP longs.
PPS performance is proving us both wrong. Brutal weather in lower 48 should reduce attendance and then earnings. you'd think shareprices would drop yet SIX continues to perform well. they are beating the curve handily. has me baffled.
that's because i change my position you moron. as stated, i reduced holdings by 75% on 12-24 @ 21.73 PPS. that is dodging a 12% bullet you knucklehead. i'll re-up just prior to earnings report come Feb. in the meantime,,, i build equity elsewhere you moron.
good luck on your 10 share purchase tho...
well Quad, at least i feel better that i am not bantering with a light weight (if your 23k share holding is to be believed). if true, i am surprised that you continue to remain optimistic despite MAIN's trend. your capital losses of late are staggering. i am frustrated at last year's poor performance to PPS and my exposure is half of yours. you take losing well. not sure if that's admirable.
you thinking of cost averaging on these dips? what is your Long-Term Sentiment? i trimmed and my offset has fared better.
nonetheless, good fortunes to us both.
yesterday, during a bad day in the markets, looked like there was some short term profit taking on FLY. nice to see a corresponding rebound today as FLY is again outperforming a good day in the markets. this run is long overdue and i believe we are going to see it sustained until shareprice moves from an oversold position. until then, reap the yield.
my Long-Term Sentiment remains a Strong Buy.
Sentiment: Strong Buy
holy cats...! PLOW closed at 24.81 PPS on 11-25-14. in 6 weeks, @ current 20.15 PLOW is down a whopping 18.7%. to put it into perspective, the DJI is down less than 1.5%. wow!!!! the dividend yield doesn't come close to covering that capital loss which then again rates PLOW as a POS.
very happy i sold off that 75% block. incidentally, after putting the majority of that capital into AAPL, i am currently down 4.13%. nothing to write home about but sure am glad i dodged this PLOW bullet.
not seeing any news nor analyst downgrades that would explain this dive. no insider trading since Bob McCormick sold off 11,500 shares last May. wonder what is causing all this selling? the weather should be pushing shareprice and so should speculation on the Henderson acquisition. man, this position is hard to figure.
today PPS down another 1.41% in an up market.
well, and going to hold what i have left and still plan on increasing position just prior to earnings report in Feb.
am wondering what little hgl1269 has to say. (not really - lol)
Sentiment: Strong Buy
MAIN is vastly underperforming the market and yes, i am well aware of the markets performance. why do you have to be so smarmy?
1 year performance is -16.38%. that isn't just a bit.
this year? come on, it's only Jan 6th.
an SO, who cares? shareholders do.
overly sensitive to price action? yeah. it means thousands a day.
i suppose if you've only a small investment it doesn't mean much. to a larger investor, it does. i suspect that is why you and RC aren't bothered by a steady decline to the PPS. as long as you get your $100/yr dividend yield.
now, why has MAIN been clobbered more than others in the sector and w
let's face it, MAIN is getting clobbered again and underperforming an ugly market and underperforming BDC sector. this is not oil related.
several factors appear to be affecting MAIN and other BDC's. the SO was ill advised and a bad move. PPS never recovered. the removal of BDC's from the Russell and SPI indexes continues to hurt as many institutional buyers focus there. today volume is heavy and it is heavy selling. While other BDC's are getting hit, they don't appear to be taking it as bad as MAIN has (ARCC, BKCC, PSEC).
am wondering if there is a lack of confidence in management. i know i soured on the BOD a bit after the SO.
not seeing any tangible news on MAIN that would explain this beatdown. thoughts?
as posted on 12-24, i reduced PLOW position by 75% @ 21.73 PS. not that i have fared all that well. took proceeds and built up AAPL position. the plan is to (hopefully) see a good earnings rept to AAPL later this month, reap the proceeds and reinvest in PLOW ahead of Feb earnings rept - which should be good.
while i am not surprised to see PLOW flounder ahead of Feb earnings rept, i am very surprised at the beating the share price has taken. the winter is turning out to be brutal again and snow is prevalent. that used to drive shareprice but not now. today volume is heavy and it is mostly selling and down over 4.6%. this stock is very volatile.
nonetheless, financial metrics are very solid here. earnings are good and yield is great. acquistions are a good fit and Henderson should provide additional earnings and contribute to bottom line. the shellacking oil and oil related stocks should not spill over into PLOW but am guessing institutional buyers are selling on general overall market softness. PLOW is not an exporter and hence a weak Europe and China should have little effect. you would think PLOW would be a good shelter. perplexing.
would sure like to see the BOD increase the dividend come Feb. either that or they pay Uncle Sam.
looks like a Strong Buy to me leading up to earnings report. good time to buy.... IMO.
Sentiment: Strong Buy
since 12-16, FLY PPS has performed well. in today's market crash, FLY up currently over 1.6% (@13.35). this little run gets some legs to it and we have a trend going. the yield coupled with these capital gains gives me some confidence that this is a position that is finally going to begin performing as its fundamentals suggest it should. let's rock and roll.....!
Sentiment: Strong Buy
hey pumper.. still helping me follow FLY? today MAIN being hammered again and performing worse than the slumping market. down nearly 2% at the moment so your post of MAIN hitting bottom on 12-12 looks ridiculous. oh, that's right, you threw FLY performance around. at the moment FLY is up 1.21% while MAIN sinks. by-the-by, FLY yield is at 7.2%.
you've a propensity of picking and choosing my posts when i've gone on record making buys and sells and picking and choosing them to discredit me. you've taken innumerable cheap shots. now, how about you going on record with your trades so we can observe your performance?
i posted trimming MAIN last week and it looks like a good move. i increased FLY position and that was good. you? i can only imagine.....