Seeking Alpha
  • Ocean Man
    Added to $QRE at $15.96. Yield is 12.2%. Secondary was priced at $16.24.
    12/7/12
    Reply (14)
    • det9: In @ 16.05
      12/7/12
    • wigit5: Have a limit order in at $16 as well hope it fills.
      12/7/12
    • det9: Did u get it now? 15.98
      12/7/12
    • wigit5: Yup just filled. thats a full position for me counters my coal stocks nicely, I think my energy sector is full for now need to start looking
      12/7/12
    • wigit5: for some consumer stocks been watching several $MCD, $KO etc...
      12/7/12
    • det9: Half of my portfolio is energy too. Been beaten badly due to fiscal cliff. Hoping for returns once it gets solved.
      12/7/12
    • det9: OM: Some drop more than others on secondary? Any reasons? Thanks.
      12/7/12
    • Noreika: Glad to see a post about QRE. On my radar, looking to add.
      12/7/12
    • Ocean Man: Depends on the size of the secondary. This one was larger than some, about 30% of the float, but = to the price of their recent acquistion.
      12/7/12
    • Ocean Man: Depending on the size, it could be priced 2% to 10% under the most recent closing price. Some biopharmas price 20-40% under current.
      12/7/12
    • Ocean Man: This one was priced 4% under, but we're buying it 2% below that. Should stay depressed until you see 12M shares go by in volume, then up.
      12/7/12
    • Ocean Man: QRE's strategy is to make acquisitions that will add to distributions. This is the way they pay for them. Buy the dips & collect 12% yield.
      12/7/12
    • Clayton Rulli: those .30 calls now going for half that are tempting me!
      12/7/12
    • Ocean Man: Well, it put on 30 cents by the close. It's a start.
      12/7/12