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Newcastle Investment Corp. Message Board

sonnenwayne 7 posts  |  Last Activity: Sep 30, 2015 8:34 AM Member since: Sep 26, 2009
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  • Reply to

    $500 Million Stock Repurchase Program

    by sonnenwayne Sep 29, 2015 4:27 PM
    sonnenwayne sonnenwayne Sep 30, 2015 8:34 AM Flag

    Oops, my bad. I own both and got a little too careless with picking the 3-symbol ticker from my watch list...

  • Reply to


    by ruswise Sep 28, 2015 3:43 PM
    sonnenwayne sonnenwayne Sep 28, 2015 8:19 PM Flag

    Hedge funds bought own (owned?) lot of NRF. According to an article titled "Hedge Funds Love These 3 REITs." Combined, three hedge funds held over $1 billion in NRF!! Hedge funds are not interested in holding something long term. They are also well know for using a lot of leverage and when they need to raise cash -- they sell both the bad and the good stuff.

  • Reply to

    Dividend increase

    by striper1941 Sep 1, 2015 6:14 PM
    sonnenwayne sonnenwayne Sep 1, 2015 8:19 PM Flag

    Cannot complain about that. :-)
    In this low-rate environment, which may be here for many years, I'm hoping my other CEFs and dividend stocks can maintain their dividends without taking additional risks.

  • Reply to


    by jbbraddy Aug 17, 2015 1:48 PM
    sonnenwayne sonnenwayne Aug 17, 2015 7:59 PM Flag

    The information you are looking for is on PIMCO's Web Site. I would not rely on the opinion for one of these boards. Nothing personal to those that are sincere in sharing information, but there are too many people giving incorrect information -- not to mention the negative, self-serving posts...

    The UNII is want you want to watch becasue that will give you insight as to whether or not a divdiend cut is coming. UNII has been stable so at this time there is no reason to suspect a dividend cut. We have been in a low-yield environment a little longer than anyone anticipated. I watch UNII...

  • Reply to

    Why the Big Slide Downward?

    by dc7177 Aug 10, 2015 12:46 PM
    sonnenwayne sonnenwayne Aug 10, 2015 2:47 PM Flag

    Last week Deutsche Bank reaffirmed "hold" rating but lowered the target price to $8 from $8.50.

    Today, at about 10 or 11 am, Keefe, Bruyette & Woods reduced their price target on shares of New York Mortgage Trust (NASDAQ:NYMT) from $7.25 to $6.50. Notice the timing of this and fhe sell of.

    Knee-jerk reaction? There is no other news today. No SEC filings, and no issues or real problems.

  • Reply to


    by flashdlc1945 Jul 23, 2015 6:41 PM
    sonnenwayne sonnenwayne Jul 24, 2015 8:53 AM Flag

    You'll get a 1099-DIV. (ARCC is a BDC, not a MLP). Whether or not this is "the best" buying opportunity is something that we won't know about until things are in the rear-view mirror. I hold my ARCC in an IRA and frankly I sleep well. You can check out some of the Web sites such as Seeking Alpha or the BDC Reporter for opinions. What you'll find is that unlike some of the other externally managed BDCs, ARCC's management gives a hoot about shareholders. They have a history and it is a good one.
    One advantage of being externally managed, at least in this case, is that management has access to more resources, as well as long-term relationships. The recent merger agreement between ARES and Kayne Anderson should be seen as a positive for ARCC.

    Buy now or wait? Or buy something else now or later? Nobody knows that today, but tomorrow everyone will tell you what you should have done today. LOL.

  • Reply to


    by flashdlc1945 Jul 23, 2015 6:41 PM
    sonnenwayne sonnenwayne Jul 23, 2015 7:45 PM Flag

    Seriously? You don't know who the management company of ARCC is?

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