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IMPAC MTG HLDGS INC Message Board

smoothjazz0204 2 posts  |  Last Activity: Nov 26, 2014 8:04 AM Member since: Dec 5, 2004
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  • JMP Securities Upgrades Resource Capital Corp (RSO) to Market Outperform
    6:34 AM ET, 11/26/2014 - StreetInsider

    JMP Securities upgraded Resource Capital Corp (NYSE: RSO) from Market Perform to Market Outperform with a price target of $6.50.

  • Reply to

    GGN reduced dividend from 9 cents to 7 cents

    by thewisejman Nov 20, 2014 6:05 PM
    smoothjazz0204 smoothjazz0204 Nov 20, 2014 9:23 PM Flag

    The major consideration is what was NAV on 11/20/2013? Was GGN selling at a premium to NAV when the 11/21 cut was announced? If so, that would have tanked the stock. I see that NAV (XGGNX) is currently trading at $8.30. That may provide some support now since a divvy cut was already expected here given how oil and precious metals have tanked in recent months.

    Given how far this has fallen, I think NAV will be the key now that the divvy cut is providing an almost 11% yield on the stock at 7c per month. Buying this in the $7s may not be a bad idea given the strong names in the portfolio, the almost 11% yield and the fact that is already selling at a 5% discount to NAV. Of course, the key is whether precious metal and continue to fall driving NAV lower.

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