you're getting your wish. down from 6.72 earlier this a.m. to 6.56. that equates to a .46% in an up market. there's your pullback but, hold tight, i think it'll get more attractive. oops - just did. now 6.55 lol.
true that. Yahoo Finance can't be trusted when it comes to listing dividends. be aware tho that MAIN dividends are treated by IRS as ordinary income.
TTC generally trades right along with the DJI. very predictable. will await the May 21st earnings report. hopefully that provides a push to the shareprice. quiet message board too...
lol. i can relate. am debating on taking profits with big jump to MIFI. one few patterns i do believe in is that rising equities (over and above the market) continue to rise and falling equities continue to drop - at least in the short term. i pay attention to that short term trend on speculative positions such as MIFI. i call it riding the wave. i give little credence to the head-and-shoulders or cup-and-handle type theories. have seem them fail way too often.
yahoo's service continues to decline. they are too interested in pursuing "what's next" than improving and maintaining existing product. as they chase new markets, they lose market share those existing products. not a unique scenario for tech companies. their email product has worsened too.
i had positions in both CTCM (Russian media) and MBT. i subsequently took some profits and closed both but, after a dip, opened another position in MBT but not with CTCM due to the Russian foreign ownership caps.
am letting MBT run but apparently made the wrong choice as CTCM up 15% since my sell and MBT down 2.75% since buying back in.
my justification for MBT was that they were oversold due to oil prices (impacts the whole Russian economy) and the strong dollar/weak ruble. thought equilibrium would reduce the dollar and that the ruble surely must improve. isn't happening - yet.
my question for you... "What keeps you long on MBT?" have you a theory or premise to share?
i am definately not competing with the resident windbag. my "competition" seems to be with Uncle Sam who just finished taking a big bite out of me for 2014 income.
as for NMFC, i find them very interesting. big Q4 loss reported last month with a miss on Wall St expectations yet weathered that storm nicely. great yield and intact. admittedly, i don't follow them and profess to know little of their portfolio. however, if you want opinions and thoughts on them from BDC disciples, take a trip to the message board for FSC. i guarantee you will get results there. a very active message board and unbiased. you won't get that type feedback on MAIN message board.
i do follow Ford Equity Research and this is a brief synopsis of their NMFC opinion...
Ford's Hold recommendation on New Mountain Finance Corp is the result of our systematic analysis on three basic characteristics: earnings strength, relative valuation, and recent stock price movement. The company has suffered a very negative trend in earnings per share over the past 5 quarters and while recent estimates for the company have remained steady, NMFC has posted results that fell short of analysts expectations. Based on operating earnings yield, the company is undervalued when compared to all of the companies we cover. Share price changes over the past year indicates that NMFC will perform in line with the marketover the near term.
GL to you as well....
interesting. Zacks upgrade to AAP while Raymond James just downgraded AAPL last week. IMO, Zack's is reputable but Raymond James are self serving crooks and worse than Goldman Sachs.
am holding BKCC along with ARCC, FSC, and MAIN BDC's and a modest position in AAPL.
i am not too bullish on the market and Friday was a confirmation. i've took 25% off the table a month ago and put it into a real estate deal. safe harbor.
within remaining stock portfolio, i've now 47% in BDC's in order to capitalize on yields - FSC, ARCC, BKCC and MAIN. while the BDC sector is frustrating since removal from S&P and Russell index, dust seems to have settled and sector stabilized. still, that is rather top heavy and a concern. sill in all, i agree that the lackluster BDC sector is a good place to park cash. they held up well Friday.
in order to satisfy my trading itch, i've increased my position in TNK (short term, pedestrian yield, oversold equity, expect good ER) and opened another in MBT (speculative and short term on ruble/dollar ex rate).
the remainder of stock portfolio to ride on PLOW and TTC as i expect them to also beat earnings forecast due to rough winter with their earnings out in a couple weeks.
the remainder (modest position) in good ole AAPL. hoping for good sales reports on new watch and then exit quickly on the bounce.
ah - the best laid plans of mice and men....
your post is indicative of what you are - a pompous phony. you deny selling ARCC and, when confronted, you go back and delete them? doesn't surprise me.
you are a pumper and perhaps a shill as well. no, you need to be exposed for what you are and your long winded and convoluted posts need to be confronted for what they are. misleading, invalid, and to the well informed - laughable. you try hard to appear the BDC genius by focusing on the micro and ignoring the macro. you can fool some of the people all the time, and all of the people some of the time, but you cannot fool all of the people all the time.
anyone who has spent any time in business has seen charlatans such as yourself. people trying to stand taller on dead bodies, people distorting bottom lines by twisting numbers. that behavior always needs to be confronted wherever and whenever possible. your personal attacks are meaningless and your attempts to discredit are a joke.
oh, by-the-by, it is obvious you take significant time in crafting your posts so you need to learn the proper use of "your" and "you're". it will help give credence when substance is lacking.
not really. i am quite sure our investment objectives are both about creating wealth. our paths differ in that you are probably more an investor than me. while 33% of my stock portfolio is about income stocks with a good yield (investments), another 33 50% is about growth stocks (trading) and the remainder is a combination of the 2. i rate PLOW as a combo.
altho i appreciate the good yield, i expect the PPS to grow and will sell it in a heartbeat for good capital gains.
your TTC play looks good at this time. their yield is modest and PLOW PPS has outperformed TTC. altho i continue to hold both, i will also liquidate TTC with a good bounce come 5-21 earnings release.
what many don't seem to realize is the importance of selling as they are so focused on buying and holding. i try to turn my money and realize, and reinvest, profits. after all, we make nothing until we sell (other than dividends and distributions). personally, i am more frustrated with selling a position only to see it gain after. for me, that's worse than losing $ (emotionally).
i do not set time frames either long or short term. i do try to limit losses and will sell if i perceive a trend in a position or a sector (such as energy, utilities, BDC's, et al). i don't sell on market performance but i do buy on that.
that's my philosophy - for what it's worth.
good fortune to you...
"With regard to my ARCC trade, how can you "recall" me selling it, when never mentioned it here before."
does this refresh your selective memory? taken from your post on 10-25....
Reply to What is going on?!?! by baddrabbit222 •Oct 15, 2014 10:52 AM
rc5717 • Oct 16, 2014 5:25 PM
I held ARCC for many years. I have high regard for mgmt and love several of the components in their portfolio such as the SSLP & Ivy Hill. That said, I sold ARCC earlier this year because of my concerns over their divvy coverage from recurring income (NII).
ARCC covered their divvy in Q1, but only because of an add'l $10mm divvy from Ivy Hill. Ivy Hill pays a regular $10mm quarterly divvy to ARCC which represents their recurring income from mgmt fees. The add'l $10mm was paid from realized capital gains. During the credit crisis Ivy Hill purchased distressed debt and has since exited those investments for nice gains. Without that add'l $10mm from Ivy Hill, ARCC would have fallen $0.03 short on their divvy coverage in Q1-14
In Q2-14 there was no add'l divvy from Ivy Hill and ARCC's divvy coverage was $0.04 short.
In 2013 ARCC received a total of $32.4mm in add'l divvies from Ivy Hill. If you back out the add'l divvies from Ivy Hill, ARCC's divvy coverage from NII isn't as good as it looks in the press releases.
well, you should be concerned. trend is down for the last 3 consecutive months. i guess it would depend how you play WY but you could do much better than current 3% yield which doesn't begin to cover loss in capital. WY down 8.7% since i closed my position. in the meantime, consider your cost of lost opportunity by not having your funds creating wealth elsewhere. i can only guess that your investment is modest. if it was significant, you'd be concerned...
Sentiment: Strong Sell
i know you love MAIN but i think you're developing a crush on me too now. however, i gotta tell ya, i don't like stalkers.
oh, by-the-by, equities often trade on sentiment vs. numerical metrics. oh, but were it so simple huh?. also, PPS typically reflects what analysts and investors believe is forthcoming with financial metrics vs. what has already occurred. i know you simply must be
2015 Q1 ER scheduled for May 6th with earnings est of .50-.54 and estimate consensus at .52. now THAT is the prime metric and one i focus on most (as does Mr. Market). if a BDC beats estimates despite a lagging net asset value or NII, guess what typically occurrs?
looking forward to the CC but, i will be lazy and read it. lol
i know you only hold BDC's and then modestly so. however, since i am playing hard to get, follow these 2... TNK and MBT. i hold both and both are up next mo for ER. i look for both to beat - esp TNK. i am increasing both positions with distributions from BDC's. since you like following me, follow those.
am seeing nice after hours buying with MAIN today. it's not me.
have fun and be nice.
i imagine you selling your TNK holdings and then buying DHT. (based on your post)
personally, i am going to free up a little moola to see if there is an over reaction to TNK post ex-div date. often there is more buying than selling post ex-div and any dip for TNK right now i think i will pounce.
the ex-div date offers no real incentive to buy or sell. the drop in PPS will be directly proportionate to the dividend. while the shareprice may go up or down, that won't incremental to price affected by the ex-div date. no advantage.
however, IMO, FSC looks to be oversold ever since their last announcement to drop in dividends. to me, that makes it an opportunity and is why i bought in a couple weeks ago after the dust had settled.
i consider FSC a buy whether it is before, on, or after ex-div date.