The metrics here have never looked really bad, but in spite of your analysis the PPS is down almost 18% over the last year and there is an apparent dividend cut, although nominal. Any clue as to the 5+% it today??
This is getting tiresome. GLTA
Not happy with this. While they made big bucks on US contracts, they paid us in weak Loonies.
With their new release, they tell us they will now pay in US dollars, and it that's the case, it appears to be a dividend reduction. Their new rate is .0366USD, while former divs have been .038, and .038 for the last few months. Unless I am having a "senior moment", this appears to be a dividend reduction. Do I understand this properly? GLTA
Record date and x-div date are two different animals. Just ignore the record date in the future; the focus is on the x-div date. If you owned it this morning, you will get paid.
Pre-market, it's down $1.30. A hard one to understand with such good metrics. There is some manipulation going on that we are unaware of.
RSO just cut its' divvy. Tempted to buy back in at this price, but the chart has been ugly for a long time with no guarantee that it will improve. If I thought there was a remote chance that the pps would improve I would be tempted, especially at such a high yield.
Both HQH and HQL have announced buybacks. I wonder which would be the better buy right now, or are they at parity? The charts are duplicates of one another and I wonder why hold both since there is so much overlap in the two? Intelligent discourse is welcomed. GLTA
It's gone up since you posted. Look at a two year chart and a pattern emerges: the stock increases as the x-div date approaches, called "chasing the dividend." If your profit is greater than the div, then sell and you will be ahead. Rebuy after the x-div date at a lower cost. Wash, rinse, repeat. This was a classic pattern for most stocks, but times are different now and the usual rules don't apply much any more. If in a taxable account, be aware of the "wash sale rule" so you don't get bit in the butt. You can exceed the amount of the dividend this way, but most are comfortable with "buy and hold" with the amount NYMT is paying out.
Sentiment: Strong Buy
Good to see someone posting on this very good holding. Interesting that most of my healthcare/biotech stuff was red in spite of a very good day in the market.
Perhaps they are stuck with it like the rest of us and unwilling to sell at a loss. All patiently waiting for a turn around, big boys as well as us small retail holders with the dividend all that is keeping us here for the moment.
Well, today is the 18th and.......
I think there is some kind of rule that they have to announce a certain number of days before the X date. The exception is certain types of mutual funds. Thinking of selling with a limit order and then buy back after x-div. Looking at a two year chart, there is almost always a pretty good drop after x-div, which is a classic pattern, or used to be.
Any clue as to why we actually went up for a change? The Zack's article dated 3/8/15 may have had something to do with it, although the reaction was delayed. Not complaining, mind you........
Does the offering explain the drop on Friday? This thing is beginning to scare me as the chart continues to go down post-offering. The timing seems unusual in that an offering so close to x-div means they have to pay dividends to more investors since there is incentive to buy today at reduced pps and harvest the dividend which is a win-win for investors. The caveat is that the pps will not increase which seems to be the pattern as of late and may drop more than the dividend as is sometimes the case. Your thoughts?
I believe that TRN has its own fleet of railcars that they lease out. They will have to upgrade those as well at significant cost to be in compliance. I don't know the percentage of oil cars vrs dry bulk; let's hope that it's low................
Sentiment: Strong Buy
Some good news. Earnings exceeded estimates and up over last quarter. Up $.03 USD after hours. Mebbe this ship will turn around after all in spite of the currency exchange issue. Think positive!
I did some quick figuring this morning. The Loonie is worth around $.78 USD. STB gets paid in USD as most of their business is in the US. They pay their divvys in the weak Loonie, realizing a 20% spread on the currency exchange. On 83 million shares outstanding that presumably are paid dividends, they are making a LOT of money on the spread. A LOT of money that is not being passed on to shareholders. While this was probably unanticipated, it adds a new dimension to their business profile. My feeling is that a special dividend should be paid or in some fashion spread the wealth with the shareholders. End of rant. Still holding.