Fifth Street Finance - Caught In The Fed's Zero Interest Rate Web [View article]
No reason to trade at a premium to NAV? During normal, non-credit crisis periods, if a particular BDC trades at a discount to NAV, it is generally an indication of a risky or poorly run BDC. Take a look a the premiums on a couple of well run BDC's , like MAIN and TCAP. A little to rich now for my blood but i wish i had bought them at a 10 or 15% premium. Compare them to a BDC that trades at a discount - SAR. Glad I didn't buy them.
Investing In Industrial REITs Part 2: CapLease Evades The Pure-Play Premium [View article]
One issue i have with LSE is that they don't own a lot of properties and they are generally large ones. So issues with one or two (like Nestle) can cause real issues.
That said i do own the equity and pfd as i think LSE trades cheap enough on valuation measures . I like that their mtgs amortize , thereby reducing debt over time. I would like to see them opportunistically continue to pick up strategic properties.
Broken ATM Machines: Gramercy Capital, Part III [View article]
Chris - in your model, you have $88 mln due to pfd equity? How is that calculated? I see GKK has approx 3.525 mln of the pfds outstanding so that would indicated approx $32 mln in unpaid accrued. Still a big number though.
5 BDCs To Buy For Up To 11.7% Dividend Yields [View article]
Todd - MAIN is a well run company but you can buy a great company at the wrong price and get hurt. MAIN's dividend yield in the mid 5% range is to low for a BDC and the stock trades at almost 1.8x book value. Not a lot of room for error or protection in a sell off.
Linn Energy LLC Blows Up The Short Sellers [View article]
Hurt? maybe a little if the shorted at the low, which they likely did not. I was making a comment on the sensationalism of the headline. "Blow up the shorts "? , maybe if it was up 50% . less than 10% if any loss at all - no blow up.
Linn Energy LLC Blows Up The Short Sellers [View article]
"Blows up the short sellers" ? Seriously? I wouldn't call going from $36 ish to $38.50 ish "blowing up" the short sellers. I'm a small LNCO long and would love to see the short get blown up, but that's got to be at $50+ to me.
MAIN Street Capital announces a special dividend of $0.35 to be paid in January along with the regular $0.15 monthly payouts scheduled for each month of Q1. No debt offering here, the special dividend is being paid out of undistributed 2012 income. They couldn't make it payable in December? Shares -0.3% premarket. (PR) [View news story]
BDC dividends are not taxed at the 15% rate but the ordinary income rate -similar to REIT's
IT - that might have been a poor format question and therefore a misleading answer. I think if you asked the questions such as - "Do you own any gold /silver coins, bullion or stocks" or "do you plan on adding to your PM holdings" you might have rec'd a different response.
Well, a much higher % of people I talk to own gold or silver - either through coin collections, outright physical holdings or stocks/mutual funds . Driving around this weekend I heard a 1/2 hour info-mercial on the local talk radio station promoting gold for 401(k)'s , IRA's and investment purchases. Sitting here on Sunday night watching the THIRD gold mining related show out on cable TV - 'BAMAZON" - about a construction crew from Alabama mining for Gold in the Amazon. I'm not saying gold is going to crash , and it might show positive returns , but I don't expect the $3-$5,000 per oz prices many of the bulls expect. They don't put shows on because the subject isn't poplular.
My Definitive 17 Cardinal Rules For Investing Success [View article]
Fifth Street Finance - Caught In The Fed's Zero Interest Rate Web [View article]
Investing In Industrial REITs Part 2: CapLease Evades The Pure-Play Premium [View article]
That said i do own the equity and pfd as i think LSE trades cheap enough on valuation measures . I like that their mtgs amortize , thereby reducing debt over time. I would like to see them opportunistically continue to pick up strategic properties.
3 Attractively Priced Big-Dividend Stocks [View article]
Broken ATM Machines: Gramercy Capital, Part III [View article]
thx
5 BDCs To Buy For Up To 11.7% Dividend Yields [View article]
Oaktree Capital Offers 8.4% Yield Led By Legendary Howard Marks [View article]
Newcastle Investment's 20.4% Dividend Increase [View article]
Linn Energy LLC Blows Up The Short Sellers [View article]
Linn Energy LLC Blows Up The Short Sellers [View article]
Our Best Investment Idea For 2013: Gramercy Capital, Part II [View article]
MAIN Street Capital announces a special dividend of $0.35 to be paid in January along with the regular $0.15 monthly payouts scheduled for each month of Q1. No debt offering here, the special dividend is being paid out of undistributed 2012 income. They couldn't make it payable in December? Shares -0.3% premarket. (PR) [View news story]
Prepare To Short Gold [View article]
Prepare To Short Gold [View article]
Prepare To Short Gold [View article]