Oil prices will drop when Iran starts selling oil to the world market as a result of the colossally f'd-up agreement lifting sanctions in return for nothing. Iranians are cheering in the streets already. Any thoughts about potential EEP effects?
Zach's downgrade doesn't seem to hurt the share price. Earning over 7% dividend at these prices - looking good despite all the doom and gloom forecasted. Staying with EEP.
Despite all the warnings about tapering by the Fed, there is no way they can taper before the Mid-Term elections in 2014. The massive "stimulus" is the only glue holding this fake recovery together. Dems want to take the House and strengthen the Senate with this recovery BS. This remains a unique opportunity to increase equities value during this charade.
Agree. Continuing to acquire at these prices. Will be back in the 22-24 region again. But, no rush - riding the dividend is good. Especially, in a tax exempt or tax deferred IRA. Makes about a 7.5% equivalent annual dividend. Not bad, especially in the current equities environment.
This is a decent buying opportunity for POM in my opinion. I expect a shift toward utility dividend stocks as the Fed Stimulus reduction becomes real. POM should probably be in the low 20's and if you like a solid dividend, this is it.
The last paragraph is pretty much the only one that matters in the Form 8-K. Same dividend going forward.
Blah, blah ..... IRS... write offs...blah blah... "PHI expects to maintain the current level of its quarterly dividend notwithstanding the results of the updated assessment described above. "
Good comment about EPS vs. Dividend. I am hopeful to see a rate increase to help EPS, and the planned tariff charge to offset infrastructure improvement costs, which in turn should improve the net earnings overall. I agree that it could turn to crap very quickly, and appreciate the observations.
Several good things are happening for POM right now that don't seem to be accounted for in the analysts recommendations.
1. Union strike is likely averted. And, the contract provisions are not bad for POM earnings.
2. MDs Governor has proposed a tariff to Pepco Customers which would provide a pot of money for infrastructure improvements. What a windfall!
I think POM is a huge buy in this territory, especially with the general market turbulence expected in other equities for a while.
Sentiment: Strong Buy
Yeah, agree. I held it all the way through too, and then added a bunch 3 weeks ago. May add more yet. I think there is easily another 50% upside yet in the near/midterm future so long as the world market remains somewhat steady. Right now it is outperforming the Dow, Nasdaq, and the S&P!
What's not to like? : )
I haven't been watching GPX lately, but I see it moving up some and still have a small amount. Any good reason for its movement you have seen?
I am still in OVTI. They beat earnings and revenues are up huge, but stock price is limp - hard to imagine why, except for the overall uncertainty on future orders maybe.
The only thing doing really well for me is an international development fund. I would rather buy US stocks, but I would also rather not lose money.
Thanks for the ideas. I looked at OVTI and like it. It's in an industry that you have to pay close attention to your position and news but the potential upside looks impressive. I have to wait for previous sale funds to clear a waiting period before I can acquire some but I intend to in the 24+ region if possible.
I have to study the BioTech's you mentioned. Lost my a$$ a few years back on one when that sector collapsed, but this is a different time period and worth consideration again.
GPX does require more patience than I typically have I must admit. I still like it, but not so much in the short term. I think it will be stagnant for a while, but safe.
I was in FRK for years (exercising good patience) because it just slowly trudged upward YOY and it was easy and rewarding to be patient. Got out on the sale to Vulcan Materials some months back. Moral: It's easier to be patient when the stock is moving up, even slowly.
Thought I would see what GPX has been doing lately. I rode the bond fund through the Fed rate cut as planned. Sold that and got OXPS, which also had a good short term run-up. Looking for other ideas, but GPX doesn't seem attractive right now. I would like it better around 10.
i went into a bond fund a few weeks back - just don't like market conditions right now. recent fed antics almost reminds me of when people would base their market sentiments on whether greenspan was carrying a fat briefcase, or thin, to his briefings. we are being whipsawed by surprise actions (injecting additional money supply, then discount window borrowing by banks, and then mortgage subsidy proposals, etc.) i will be back in gpx in the future, but not right now. anytime that free market conditions are not the basis for market movement, i feel uncertain as an investor. too many market influences other than traditional indicators. bernanke needs to be letting free market conditions guide the economy a little more - not feeling he has to ride the throttle so much.
bonds now, until i feel otherwise.
Bernanke again committed that the Feds will step in as needed for the markets, giving the go-ahead signal for speculation vs. value-based investing.
"NEW YORK, Aug. 29 -- Stocks rallied Wednesday as investors took comfort in Federal Reserve Chairman Ben S. Bernanke's words that policymakers were "prepared to act as needed" to ease the impact of the financial markets' turmoil on the economy."
I say some investors are going to get badly burned when this present house of cards he is propping up comes down (I am not referring to GPX, but the market in general). And, I think it's not that far into the future. As much as Greenspan irked me sometimes, at least he let the pain occur in the marketplace periodically, as needed, to rein in "irrational exuberance", etc.
I will continue to be a cautious investor in the short term. I feel a lot more confidence in a non government manipulated market. Right now, ups and downs are at the whims and announcements of the Feds. I don't like it much.
"NEW YORK (Reuters) - Citigroup , Bank of America and other top banks took the rare step of borrowing $2 billion from the U.S. Federal Reserve on Wednesday, in a bid to reassure markets and remove the stigma associated with getting financing from the central bank."
Not liking this... things may be worse than the banks let on.