Seeking Alpha

After-hours Gainers / Losers

Top gainers, as of 5:15 p.m.: TSPT +6%. FIVE +6%. GNK +3%. GERN +3%. BTN +2%.

Top losers: EXK -8%. JMI -7%. ARR -6%. WAGE -5%. RYL -5%.

Comments (5)
  • Javimanic
    , contributor
    Comments (288) | Send Message
    not that happy about the ARR/JMI outcome. but, what a ride today!
    18 Sep 2013, 07:09 PM Reply Like
  • speculative
    , contributor
    Comments (1293) | Send Message
    I was expecting a reduction in ARR's 4Q dividend to 6 cents based on their latest report. How disappointing that they somehow timed their announcement of a 5 cent dividend after Big Ben spoke today. No tapering and suggesting that until certain improvements are achieved which are forecasted to possibly go through end of 2015 based on challenges, the tapering may begin in 2016. Great news to drive the sector but a 28% dividend cut just wiped out the gain for ARR and may affect others in the sector as investors anticipate that the cuts will be widespread. At the new reduced dividend and for those who got in below $4.10, congratulations. You will do well long or short while earning a fabulous 14%+ dividend. Unlike myself, I am in at $5.90 at approximately 10% dividend.


    I have no doubt that with the great news today by Ben that ARR will have a better quarter and increase the dividend to 6 or 7 cents but it doesn't take away the disappointment felt by investors that have been waiting for a raise instead of a reduction.


    Now that the tapering and easing is on hold until unemployment is greatly improved below 6.5% which is trending to be achieved in late 2015 to early 2016, the sector has plenty of room to make all the necessary adjustments to regain pre-recession business as usual.


    ARR has probably the most room to make improvements but in the meantime, those who rely on income, like myself, will get a measly nickle a month. Hopefully, this will only be the case for the 4th quarter and with a better quarter to report, inevitably a dividend increase is in order due to the requirements of their business model.


    Management most certainly have their work cut out and with the tapering news so positively received today, there is no excuse that they must report a stellar quarter and do what they must expect of themselves and their shareholders. At this point, one stellar quarter is a minimal expectation and is a non negotiable standard.


    Larry Summers dropped out and the Fed did their part, now, ARR management have the obstacles they so much feared out of the way long enough to deliver results; rain or shine. Maybe a change in management experienced in turbulent times and is proactive instead of reactive is what ARR is in immediate need of. The company is great but maybe in the wrong leadership.


    Still long NYMT, CIM, AINV, WSR and while hard to believe, I am very long ARR.
    19 Sep 2013, 02:36 AM Reply Like
  • Aikman
    , contributor
    Comments (165) | Send Message
    Very honest post. Hang in there man.
    19 Sep 2013, 03:55 AM Reply Like
  • William Rudder
    , contributor
    Comments (383) | Send Message
    I don't think the cut was surprising at all. However, it does yield 14% even at today's price. I was fortunate enough to add under $4, but my average is still over $5.


    Yesterday was quite a ride. Hang in there...
    19 Sep 2013, 10:03 AM Reply Like
  • Javimanic
    , contributor
    Comments (288) | Send Message
    a little headache should be expected but we've been released from the hospital( as all mreits are now) and are back in the game....we took a nasty crunch..but it was just a goose egg bump-it hurt sure-but we're back in the game.
    19 Sep 2013, 10:07 AM Reply Like
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