rami...the CEO of NAT was on CNBC yesterday and he stated that tanker rates are between $35,000.00 and $40,000.00 a day and that bunker cost were very low...he also said the forward outlook seems to be strong for oil tankers...in my opinion, the current yield of about 15.8% on FRO 'is well covered' by earnings (earnings are about $1.66 and dividend payout is now $1.40)...! Stagg...!
Board members...first, TD Ameritrade made a mistake on the p/e on FRO because their Automated Programs did not take into account the reverse stock split (and Ed was the one that caught it), I don't make the data, but I do copy it...more, it appears that FRO is doing fine as the yield is now about 15.8% and the current rate for oil tankers is between $35.000.00 and $40,000.00 a day (source; is the CEO of NAT who was interviewed on CNBC yesterday)...
That said, FRO is not a core holding of mine, but I will probably add more shares to my current holdings as the yield seems to be well covered, spot rates are not bad and bunker cost are still very low...the CEO of NAT (yield about 12.6%) also painted a decent picture on NAT into the future...I also still like CEFL (yield about 26% and pays monthly) as a good place to park some funds until they are needed and I still feel that a lot of the BDC's have strong value into the future...! Stagg...!
k-bon...I have already posted twice that I got the p/e .87 ratio off of TD Ameritrade (and it is still there)...and I also posted that some programs list the p/e ratio on FRO at 6 and some others list it at 2.6 (one program listed the yield increase as a special dividend)...regardless, at this time FRO has very strong color with all of the current data and forward outlook for maybe at least the next 6 months...
More, I have been accused of pumping FRO...how can we pump a stock that is related to SFL on a SFL message board (???)...if I am not wrong SFL now owns 7% of FRO in addition to the profit sharing...FRO now has an updated short term target price of $13.66...the fact is, that I only hold 1,200 shares of FRO because I always start small and dollar cost average into a stock along the
I don't know what tanker rates are now, but last week I read that they were higher because of shipments of oil increasing from Iran (and Iran is ramping up production)...however, the facts are that FRO has increased the yield which would now be 16.8% (based on 35 cents times four, divided by todays share price)...! I never tell others what to do, I only tell what I am doing, and I will probably add more FRO shares very soon...! Stagg...!
mark...give it a break, I never mislead anybody any more than you did with LINE, EVEP and the list go on and on...its not my fault that you have lost a lot of money in the energy sector as I try to warn you and others and you ask me to keep quite about it (and I did )...! Look how much money I would have lost in the last two years if I invested like you do...i.e. at least 70% less revenue stream, major losses in the energy sectors, no dollar cost averaging and no compounded returns...! Stagg...!
bob...for the record, your posted message on NRZ and OCN 'saved and made' me several thousand dollars...because of your message (and then doing some more checking) on the NRZ pull-back I 'did not sell and added' a lot more shares...! Thanks for the information and keep up the good work...! Stagg...!
mark...you should check your numbers again...KCAP (yield still 19.3%) has increase net investment income YOY...in 2015 they had net investment income of 20.1 million dollars and in 2016 they had net investment income of 24.2 million dollars and resources available for distribution are 73 cents a share...KCAP did have decline in Net Asset value (NAV)...hint: I don't think that Automated Insights has it correct...(try reading the full year financial results)...! More, KCAP is only one of many BDC's and 'I do not own it' and probably nobody really cares, lol...! Stagg...!
board..I don't record the data, I just read it and copy it and TD Ameritrade has the p/e ratio at .87... on other programs a lot of the data on FRO is different (the ROE and other data)...the same with KCAP, some programs have them showing a profit YOY and some have them showing a loss...on KCAP it looks to me like revenue is up while NAV is down, but the yield is still the same at about 19.3% (which is pretty good)...! Stagg...!
more...this is still the SFL message board and to discuss stocks that are related to SFL is not pumping (i.e. FRO and SDRL)...however, NRZ, LINE and KMI have probably been discussed more on this message than any others...and I did load up on more NRZ on the pull-back and glad I did, as bob got my attention to it, on the news at that time (I do not own KMI or LINE)...! Stagg...!
Board members...the program that I used this morning was TD Ameritrade and it still list a p/e of .87 on FRO, TD Ameritrade also list the yield on FRO at 15.8%...however, I just check out three different programs and one has a p/e of 6 on FRO and two others have a p/e of 2.68 (so take your choice, but even a p/e of 2.68 is still pretty strong)...another program program list a ROE of 57.6% (which, if true is outstanding) but another program list the ROE at 17.6 % (which is still very good) more, I am still having a great day in the markets and I think 'the wise guy should short all of my current holdings' and then he could make a bundle, lol...! I am still doing fine and will stay the course...! Stagg...!
board...NMM was 'the only one' that dollar cost averaging didn't work very well...! That said, if mark would spent more time researching stocks (like others do) than bashing other investors, he would probably be a better investor...! More, any body that cannot afford to dollar cost average, probably got 'to large of a holding' the first time...! Stagg...!
board members...it is 'my personal opinion' that I am having another great day in the markets and I did not hear this on TV, lol...and this 'does not look like a market top' to me...! I guess I am the only investor on this board that is doing good on their investments and has a lot more dividends on the way (if I had investment wisdom, I would do even better)....! Stagg...!
ed...yesterday was a bad day in the markets for me...however, today is a good day again and I have a lot of dividends on the way this month....! I just don't share all the doom and gloom that a lot of other investors have...! I guess it is hard to dollar cost average into a holding 'if an investor is a trader', lol...as the different investment sectors in the markets change, so should we change..! Investors that think the markets are tough, should try farming...a farmer can work all year (or more) without a payday...! Stagg...!
bob...I did read you previous post...who had a track record that you would suggest (???)...maybe your track record or mine, we did pretty good over the years or we would not be still investing, lol...! That all being said, I am having another fine day in the markets and I am probably not the only one (unless they are hiding in the safe house)... Stagg...!
gambler...if the markets go back down I will have strong revenue stream to take advantage of it...I agree with some of what you are saying, because 'MLPL has stop trading' because of the drop in MLP stock prices (a lot of investors have been burned very bad in energy)...! If everybody is clueless maybe we should all walk away and never invest again (I am doing fine and will stay the course)...why would we come to an investment board and tell investors not to invest (???)...! Good luck and cheer up...! Stagg...!
palestone...more, if an investor bought HTGC in January of 2015 they would be down -14% in Total Returns, if an investor bought HTGC in September of 2015 they would be up 8% in Total Returns and if an investor bought HTGC in January of 2016 they would be down -4%...! Dollar cost averaging 'can pay off' and it usually works for me...! Stagg...!
bob and the board...why is there so much doom and gloom (???)...surely, I am not the only investor on this message board that has had 'outstanding capital gains' in their investments since the end of January...! Investing is a lot of fun, if we are not careful we will have 'more personal attacks on others' than sharing investment wisdom with other investors (a little research and dollar cost averaging can still go a long way)...! Stagg...!
board...Abbey Joseph Cohen (who is a partners in GS and not an employee) did not say that the Easter Bunny and Santa Clause really exist, lol (she does however, have an outstanding previous record as an economist)...! I also strongly suggest that all investors do their research and 'dollar cost average' into most of their holdings (as it usually works for me)...! Stagg...!
palestone...HTGC (yield about 10.8%); on the 12 different technical indicators that I use, HTGC is rated a 40% buy on the short term indicators, is rated a 50% buy on the medium indicators and a hold on the long term indicators (overall average is a 40% buy)...support is $11.41, pivot is $11.15 and resistance is $11.67...with a price target of $13.33...the ROE is a bit weak at 5.6% and the p/e is a bit high at 16...! My opinion is, that HTGC is a typical stock to hold in the BDC sector and will probably continue to do OK (if I owned it, I would dollar cost average more shares, on any share price pull-backs)...! Stagg...!
Board members...in my opinion, FRO (yield about 15.8%) is very oversold and undervalue...FRO now has p/e ratio of .87 (yes that right, point .87)...FRO has a ROE of 57.6% (which is outstanding) and tanker rates have been increasing...! This is a very strange market we are dealing with...! Stagg...!
board...I no longer hold KCAP, as I only have PSEC and BDCL in the BDC sector at this time...however, it is an accepted fact that most BDC's will continue to do good as the Fed. increase interest rates...Abbey Joseph Cohen says that the U.S. economy is doing fine (with slow growth) and that Financials and Consumer Retail will do good in the future, she also said, that the rest of the world will trail the U.S. economy going forward (source: interview on CNBC)...! Stagg...!