Board members...I just finished reading 'a letter to the shareholders' from the chairman of NAO (yield now about 16%) on their website that was posted on 12/12/14....anybody that has not read it should find it very interesting...! $tagg...!
k-bon...I like your high yield holdings...some of my current high yield portfolio leaders 'in Total Returns by order' are: NYMT, AI, SFL and WMC...this will be the first year since 2008 that I have loss money as I am now down about -8% YTD in Total Returns...! $tagg...!
ozz... as of March of 2014 SFL had 22 oil tankers on lease...SFL (yield about 12%) is a long term holding of mine and I have added more shares recently...! $tagg...!
Board members...68% of investors think there will be a Santa Clause Rally and I think mark is probably in the other 32%, lol....! $tagg...!
william...I agree with most of your post as a lot of oil wells in southern Illinois have already been shut down (but not plugged)...Boone Pickens says oil prices will rebound in about 12 to 18 months (he has had his 'boots on the ground' for a long time in the oil business)...we always have to remember that 'there is a very fine line' between Supply and Demand, once there is more supply than demand prices usually fall pretty fast...
There are thousands of oil wells across the tri-state area where I live that produce 'a lot less' than five barrels of oil a day, the oil companies pay 'pumpers' (a guy that checks on them all the time) to run and maintain them at a cost per well (and they are turning a lot of those wells off)...the current price of Illinois basin oil is now $53.00 a barrel effective on12/12/14...
Lower fuel prices are 'very good' for shipping companies as it take a lot of fuel to move large ships around the world...SFL will probably benefit from some nice profit sharing in the future because of lower shipping cost...! All trends reverse and at some point in time oil prices will rebound...also, all of the money that has left the current markets will return (it always does)...! $tagg...!
mark...I had MLPL because I don't like to file k-1's and because MLPL had a lot of pipelines (plus, it was double leveraged)...I sold it for 'a nice profit' because I now realize that the 'whole oil sector is crashing' (Illinois basin crude is now $54.00 a barrel and down another $2.75)...! $tagg...!
huff..NYMT has been a real sweetheart and I am well pleased with it...high yields give us more funds to go shopping with and now there are now bargains everywhere...I may add more BDCL (yield now about 19.6%) for more revenue stream and portfolio balance...! $tagg...!
mark..it is obvious that you and I are on a different page...while it is true that I could have made more profit on SDRL (as it was a long time holding) it is also true that I made a nice profit on LINE and EVEP when a lot of others kept holding them after I said it was time to sell...everybody also kept saying that LINE was well hedged and it did not help...
The fact is, that I am still reinvesting all of my high yields and when the markets go back up again I will profit from again it as I did in 2009 & 2010...
I fail to see how any investor can go value shopping with their high yields 'if they do not have any'...I also do not understand why you keep bashing my style of investing when it has no effect on you...
mark, all of the money that has been leaving the current markets 'will return' and I plan to profit from it when it does (I have done it several times before)...! mark, I try to be nice and I was wrong about SDRL, but you have been wrong about the 'whole oil sector'...! We are still on a different page, but I still wish you well on your investments (I also sold my MLPL for a nice Total Return over a week ago)...! $tagg...!
Board members...SFL (yield now about 12%) is running very hot today on a strong increase in volume...FRO is really on fire...looks like I made a good buy early today on more SFL (and its about time, lol)...! $tagg...!
rogers...I agree and just added more shares to my current SFL holdings (bud's post got my attention to the FRO news)...! $tagg...!
ed...I am wrong a lot, but I still feel we will see a Santa Clause Rally near the end of the year...I think a lot of different funds and investors are still bailing out of oil related stocks and most of that 'will be done' in about another week or so...
I also think that January may show us the 'future direction' of the markets next year...more, because of the 'wash rule', some beaten down stocks should start to rally about the middle of January...! $tagg...!
rogers...I still own SFL and I do not feel there is a chance of SDRL going broke (just the current dividends from SDRL can pay off 'all of their debt' in about four years)...SFL still has strong color and a lot of the associates that they lease to, will profit from lower fuel costs at this time (and in the future) which will help out the profit sharing...! I may buy more SFL in the future, but I will not hold any SDRL until they reinstate the dividends...! $tagg...!
rich...there are a lot of investors on this message board that have a position in KMI...myself, I thought that SDRL and NADL would be fine because they were not oil companies (and I was wrong)...my current feelings are, that it is not wise 'at this time' to own any oil related stocks...
KMI has high p/e ratio and a poor yield, yet a lot of investors feel that KMI is on the fast track to strong future profits (I do agree that KMI has strong color)...if you choose to hold KMI it is probably wise to put some 'stop loss orders' on it...! $tagg...!
mark...the only way your right is if the markets never ever go higher at some point in the future...first, I said well over a year ago that oil and natural gas were bad investments for the future and a lot of investors disagreed with me...
second, I said, that the off-shore drillers were OK and I was wrong about that...however, even though the off-shore drillers have eliminated the dividend, they are still showing a very strong profit and a lot of the oil companies are not...
third, the wise investors will seek out high yield stocks that should rebound in the future as they will show an outstanding future Total Returns...how can an investor use their high yields to dollar cost average (when the markets pull back), if they do not have any high yields...!
I have always said, that we have to chase the money flow and that the high yields will not always be there (we better grab them while we can)...! $tagg...!
mark...the fact is, the next shoe to drop will probably be 'some banks' as many of them have loaned a lot of their funds to the oil related sectors...! More, I will probably still be collecting high yields when a lot of the current oil related companies are out of business...I am now down about 8% YTD, yet I make that much in high yields about every six months...! $tagg...!
bayman...I am now a buyer (again), I added more F, PSEC, AWLCF and ADM a while ago...I will probably sell my CEFL on any strong rally and maybe add more SFL in the future...on my watch list NEWM, HQL and STAG are all holding very well (past and present), I will probably buy some of them later on...! $tagg...!
Board members...a recent survey shows 'that 68% of investors' think there will be a Santa Clause Rally near the end of the year (source, CNBC)...! I sure hope the survey is correct...! $tagg...!
update...wow, it is almost like the investors on Wall Street are reading my messages as I cannot believe the changes in the last two hours...! Every stock that I named has turned hot except for Ford (F) and HQL...! $tagg...!
sarge...I plan to add more ADM (low corn prices and ethanol), F (new models should shine), BDCL (way over-sold and a very high yield, now about 18.5%), PSEC (spin-offs are still coming) and AWLCF (no dividend cut yet, yield now about 43%).....I also think that SFL and HQL are looking pretty good at this price level...! My WMC, AI and NYMT are still doing fine...! $tagg...!
sarge...this lawsuit is 'so funny', because JF owns most of the stock and aside from lawyer fees 'he would get the most' of any settlement (its almost like suing yourself)...! $tagg...!