How can you possibly say this stock will double?
GDL has been in long term down trend for the last 7and half years and Gabelli himself recently sold a bunch of shares of GDL. What is the bullish case???
Sveng is a breed of malware that targets your mobile banking app. It doesn't have to come from your bank, but gets into your device through a social engineering campaign that uses text messages as a medium of infection. Once the device is infected it is almost impossible to get it out. Roman Unuchek, a senior malware analyst at Kaspersky, told American Banker it is impossible to repel an attack of American Svpeg if a mobile device doesn't have a security solution.
I sold MSFT put options to lower my cost of purchase of MSFT, however when using TurboTax, the question asked is where did I buy these options? A. I bought these options B. I received these options in a divorce C. I bought these options in a wash-sale window. NONE of these three choices apply because I was a seller, however that is not a choice that is offered and I can not continue without giving an incorrect answer. How did you deal with the reporting of option selling (without purchase) in TurboTax
Is it necessary to fill out the K-1 information in TurboTax if my total annual distributions are less than $1,000, or is it a waste of time? My concern is that maybe the IRS will say we show you received distributions, but you didn't declare them.
It was a quick transaction and while investors were momentarily stunned, it appears that Credit Suisse (CS) pulled it off without a hitch! Last week, Chimera Investment Corp (CIM) announced that it would sell 85 million shares of stock to the public and named Credit Suisse as the sole underwriter for the transaction. Initially the stock traded sharply lower as investors feared dilution to their ownership of the REIT. After all, CIM sold the shares at a price of $3.61 which was roughly 7% below the closing price Wednesday afternoon when the announcement was made.
But the current market is quite resilient and CIM managed to rally throughout the day and actually close higher – a strong sign of demand for the stock. Investors obviously believe that CIM will be able to put the capital to work effectively and generate a profit on this new capital. While management certainly could have borrowed the money and used its available leverage to purchase these securities, I am pleased that management opted for permanent capital rather than leverage which can wreak havoc when economic periods are difficult.
Investors in CIM are currently counting on the high dividend rate as their primary return for owning the stock. Dividend payments are largely variable as they are linked directly to the operating earnings for each particular quarter. But with a very low cost of capital, and meaningful cash flow from mortgage securities, CIM has been able to pay a dividend yield north of 15%.
While management states that their primary goal is to produce attractive dividends with capital gains as a secondary objective, I am much more interested in the potential for the stock to trade significantly higher. As investors realize that the dividend payment is safe (which will likely happen as a function of the company continuing stable payouts), investors will be willing to pay more for this stable cash-flow security.
As demand rises, the price of the stock should trade significantly higher. In this market, a yield of 6% or 8% is still very attractive, and if CIM traded up to a place where the yield was 8%, the price would be roughly $7.50 per share – good for a 92% increase (all the while, investors are still receiving the dividend payments)
I should note that the ZachStocks Newsletter has a pending position in CIM to buy once the stock breaks out of its current range.
The attractive dividend yield also functions to implement a floor under the shares because as the stock trades lower, the dividend yield only becomes more attractive. Fund managers looking for attractive value will quickly zero in on the strong dividend yield and likely begin to place large buy orders.
But even with these risks in play, CIM has already taken significant write downs on its existing non-agency mortgages and is carrying them at nearly 50 cents on the dollar. It would take a very nasty economic reversal for these securities to be re-priced lower, and the potential for actual appreciation in the mortgage portfolio is good. Now that CIM has additional capital to put to work buying attractive opportunities, the returns on existing and new mortgage holdings has the potential to even increase the dividend payment which makes the buying argument even stronger.
With such positive trading after what could have been perceived as a dilutive transaction, I have more confidence in this position. Continue to look for opportunities to accumulate shares as management effectively invests and generates strong operating earnings.
I was totally correct about the temporary oversold condition! The emphasis on temporary.
As for your occupation you must be totally clueless if you can't even spell it correctly.
Here is a clue, try the online dictionary.
The R.S.I. indicator is almost touching 20 and the slow stochastics are below 20. Definitely ready for a bounce to the upside.
I don't know if there will be any spillover, but the Australian market, as measured by the ASX, is having a sharp upward move overnight.
On October 24, 2004 Greehey sold 183,334 shares for $7,782,528, then on November 24 he sold 189,156 shares for $7,782,528 and also 151,700 shares for $7,002,000. The total average share price realized for all three combined transactions is $43.05 per share. Based upon today's closing price of $56.96, Greehey forfeited $7,291,482.90 of paper profits, or based upon his projections of $90 per share this year, he will forgo $24,610,720.
Can anyone explain why would Greehey forgo a potential $24+ million personal profit, if he is so darn bullish on the company?
Thank you so very much for taking the time for a good explanation. I now feel a lot better about SPH from a safety standpoint.
I am new to this board, and have several beginners questions. You mention that SPH is probably the most conservatively managed propane partnership out there. However, why does it not matter that the debt to equity ratio is 2.217 (per Yahoo)? I don't understand why the debt to equity ratio is so horrendous in the propane business. What makes it different in this industry?
Does SPH have any problems passing on the higher costs to produce propane (a derivative of natural gas or oil); it appears not since the five year uptrending chart looks great.
According to the website www.adrbny.com the last reported earnings was Dec 2, 2003. The Bank of New York could be incorrect, but that is what they show for earnings releases on MTSX. Check it out.
No to your question.
The short term weakness in this stock may be due to the Limited Earnings Release due out next week, reporting for the fourth Quarter 2004. It is due out no sooner than Monday, June 28 and no later than Friday, July 2.
The last earnings release was on December 2, 2003 (almost 7 months ago). As you know, a delayed earnings release is not a positive sign.
This is a news driven stock, and in the very short run, the financial news due out next week is doing the driving.
However, in the long run, the potential contracts Metal Storm will receive, will cause this stock to blast upward. IMO