bayman...I think most of the damage 'has been done' and the markets will have some strong upside in the near future...the markets are always looking for a reason to go higher or lower and always over correct (to high or to low)...myself, I have a lot of dividends coming this month and I will be searching more value (and strong value will not be hard to find at this level)...! Stagg...!
Board members...corn, soybean and wheat futures are still moving higher benefiting from easing of some world tensions, Chinese stocks rallied the second straight day and the Greece crises may be solved (???)...chances of storms also linger across the U.S. in most of the corn belt which is also helping push grain prices higher (a lot of other growing regions in the world are having serious heat and drought problems)...
I look for 'grain and stock prices' to continue/start an up-surge and I am hopeful we will see a mid-summer rally in the stock markets...however, if we get a strong mid-summer rally, we may also see a stronger than normal Bloody October (time frame)...! This is a poor investment year, but I feel it may improve some in the near future...! Stagg...!
sarge...APPL is one of the best stocks that an investor can own as they are probably 'to big and to rich to fail'...who knows what they will come up with next (???)...! Stagg...!
update for jack (LGCY is not for me)...the ROI is -26.4%, the ROA is -26.4% the ROE is -143%, EPS this year are down -693.5% and the income is -529.5 million dollars...! Good luck with your investments as I feel WMC is probably a safe play...! Stagg...!
jack...corn ethanol business is doing fine as corn prices are moving up again (ethanol price is now $1.62 a gallon and corn is now $4.25 a bu.)...i.e. I have the best growing corn and soybean crops that I have had in my lifetime (a lot of crops are flooded out his year, but I have been lucky)...remember, that gasoline would be a lot higher priced if it was not for ethanol because our refineries do not have enough capacity to meet current demand...! I will check out LGCY...! Stagg...!
sarge...I don't own any APPL and I agree it is outstanding, however, I am very well pleased with my NMM today as I loaded up more yesterday...! Stagg...!
jack...for the record WMC is up 40.2% over the last two years in Total Returns and LINE is down -59.8% over the last two years in Total Returns...Tips: BDCL (yield about 24%) looks like a decent buy at this time as is SFL (yield about 10.6%)...NMM (yield about 17.4%) is also on a roll...! Just some more assumptions, lol...! Stagg...!
DH...I also added more SFL (yield about 10.6%) and I feel it is a good move on yesterdays pull-back...some feel that SFL has a 43% upside in the future (what if they are wrong and it only goes up 20 or 30%, ???)...the fact is, that SFL is my leading short and long term holding in Total Returns... SFL has been upgraded and should continue to perform very well in the future...FRO has also been upgraded and SFL and FRO are both joined at the hip...! Stagg...!
Board members...first, the China stock market is in the dumps as trading has been halted on over half of their stocks...second, Russia has cut off electricity to the rebel held areas in the Ukraine because of non-payment of bills...third, as we know, Greece is a total mess and several other counties are in just as bad shape...fourth, at least four major countries in the Mid-East are at war with no end in sight...
My opinion is, that we are doing pretty good here in the U.S. as compared to the global economic platform...i.e. myself, my corn and soybeans still look great after all of the current rain...and my investments are still pumping good revenue stream and I am holding the line...! Compared to the rest of the world, we are doing fine...! Stagg...!
Board members...I am also skeptical, because I added more BDCL, NMM and KCAP today (I sold my MLPL, after the big surge in share price yesterday, because I feel there will be 'more pain ahead' in oil related industries)....BDCL has a yield of about 24.3% and I doubt that the share price will retreat that much in the future...I also feel that SFL is a strong buy at this time, based on the forward outlook of their business...! Stagg...!
ed...I still think we will get a mid-summer rally (soon) and then that may be about it for this year...I don't see any strong reason not to have a market sell-off 'again' this fall (???)...! Some sectors will continue to benefit from lower oil prices and many others will suffer, I am still adding more SFL, NMM, KCAP and NRZ (I also like ARCC)...! Stagg...!
Board members...I have posted several messages on ARLP (yield about 10.6%) and since my last posted message on ARLP it has 'loss about 50% of its share price' because of lower coal prices and a poor forward outlook in the coal industry...I read today where ARLP is buying out the remaining interest in the White Oak coal mine near my farms in Hamilton county Illinois...
I find it strange (???) that ARLP keep spending more funds (about 50 million dollars) to keep growing their business when coal prices are low and the forward outlook is so poor...I also know for a fact, that ARLP is still on the fast track to open a second coal mine in Hamilton County Illinois...! Disclosure, I do not not own any ARLP stock, but I do have some coal leases signed with them and enjoy revenue stream from the leases...! Stagg...!
g-hoeh...no news yet on a special distribution...however, I added more SFL shares today as some feel that SFL has a potential upside of 43% due to the future outlook on higher earnings...what if they are wrong and SFL only goes up in value by 20 or 30% (???)...! Stagg...!
update...I added more NYMT (yield about 14.3%), SFL (yield about 10.2%), NMM (yield about 16.3%) and KCAP (yield about 14.8%) today...! Stagg...!
sarge..first, LINE did not do a very good job of showing and growing profits when oil and natural gas was a lot higher...second, LINE is selling off more assets and has also struck a deal (while giving up more profits) to have another company (GSO) drill new wells for them...my opinion is, that LINE is in the survival mode and not the profit mode...! Myself, I feel the risk vs reward is not worth it with LINE...! Stagg...!
update...after a bit more research, it now looks to me, as I read it, that after the merger Hemen will own 52% of the combined company and 'SFL will own 7%' of the combined company...I am 'surprise to read' that SFL is also a FRO and a FRO 2012 shareholder (which 'is different from just lease payments and profit sharing' from ships that SFL leases out to FRO)...! bob, k-bon or somebody, jump in here and correct me on some of this if I am wrong (???)...! Stagg...!
chad...it obvious that we (SFL shareholders) only get profit sharing on the ships that SFL has leased to FRO...however, what is good for FRO is also good for SFL, because if a company was to go bankrupt, 'all of the company goes bankrupt', not just part of it...! More, as FRO continues to grow, I am sure they will continue to model more business with SFL in the future (I am also surprise that they were talking about investing, and not religion or politics, on the FRO message board)...! Stagg...!
Board members...it looks to me like SFL 'will benefit from the merger' between FRO and FRO 2012...a stronger FRO is always good for SFL (profit sharing and etc.)...! Stagg...!
For the record...I only have 100 shares of MLPL as it is not a core holding...however, I did make a nice profit on LINE and EVEP, plus a smaller profit BBEP...I also made a outstanding profit on FRO as I sold it at $54.00 a share...! Did anybody notice WMC had a nice day in the market today (???)...! Investors that don't like energy can still buy some LMLP (yield about 13.4% and pays monthly)...! Stagg...!