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kingdad

kingdad
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  • Annaly Capital: The Old Squeeze Play Could Hurt This Stock [View article]
    RS thanks for your insights and thoughts about the mReits and their future.

    Best Wishes to you and Family for a Happy and Joyous 'Holyday' Season and a Happy New Year.
    Dec 18, 2014. 12:20 PM | 1 Like Like |Link to Comment
  • Understanding Prospect Capital's Recently Announced Material Dividend Reduction And Change In Policy [View article]
    Thanks Scott for your efforts.
    The recent bloodbaths in the BDC, REIT and MLP sectors have many folks reeling.
    Those of us that need reliable Income and sustainable Capital positions have been gored by the Bull. Doesn't look like this blood-letting is over yet either.
    Your insights are always appreciated in any of those sectors and perhaps your opinions looking at these bloodied sectors as we go into 2015 will help us as we seek to make sense and recover from the past couple months of Pain & Suffering.
    Dec 16, 2014. 02:30 PM | 5 Likes Like |Link to Comment
  • Update: First Niagara Financial Group Shakes Up The Board [View article]
    I don't know how one new, Old school educated, Board member, is going to do much to help FNFG. The Insider trades are more than a month old and while they did produce a bounce in the devalued shares of FNFG it was short-lived and FNFG has traded relatively flat ever since. I did but FNFG as noted in another of your comments for as I expected the stock to rebound. It did, I made the Divy and 11%+ returns for a short stay in the stock. (sold it off after the divy in halfs hoping that the stock would creep higher. It only did so lamely so I sold the 2nd half and locked in the only Good News I've had in a couple months.)

    I'd be more interested in your 4thQtr Earnings report and what you think will happen before and after said report. I think we'll see another poor performance that should present another buying opportunity as FNFG falls back again into the low/middle $7 dollar range.
    Dec 16, 2014. 11:51 AM | Likes Like |Link to Comment
  • Prospect Capital insiders step up [View news story]
    Buying it with the monies they stole from us?
    Dec 11, 2014. 05:49 PM | 2 Likes Like |Link to Comment
  • Prospect Capital: The Lower Dividend Has Its Upside [View article]
    The only Upside I want to see is the Price of Shares Increasing to and above the NAV! Something that hasn't happened for months on end. Down some 20% on share prices and now a 25% cut in dividends all while management racks up an even bigger salary this year than last! F them! They Fd Us! Remember this next Proxy Vote and clear the BOD like you clean your gutters.
    Dec 9, 2014. 10:53 AM | 10 Likes Like |Link to Comment
  • Prospect Capital Cuts Dividend, Now Yields 11% [View article]
    I've got nothing nice to say about PSEC and its management today.
    Anything I did express would likely be deleted.
    Dec 8, 2014. 12:01 PM | 3 Likes Like |Link to Comment
  • Tough day for BDCs as Prospect Capital tumbles [View news story]
    I have nothing kind or decent to say about PSEC and its management today!
    Dec 8, 2014. 11:45 AM | 1 Like Like |Link to Comment
  • 48 MLPs For Income: Are The 10% To 20% Yields For Real, Or Too Good To Be True? Part 4 [View article]
    I had been waiting and researching the MLP sector and trying to find a good access price point as well. I certainly can stand the income to be sure. Long story short I took this latest beatdown of the sector and bought into LNCO as I believe all the past problems are resolved and that it was and still may be oversold. I expect it and the sector to continue to be volatile for the next 3-6 months. OPEC can not afford to keep the pressure up on US/Canadian Shale Oil Production without seriously impacting many member Nations and their GDPs. Russia, Venezuela, Nigeria and others are already hurting from the lower prices a sustained long term attempt to attack US Production will likely cause severe hardships for their nations and others not named.

    I will use the dips to add to my position. and to add SRV shares as well. (though this one I will continue to watch even more closely than LNCO) With a little bit of good luck this could be a great time to enter the MLP sector and reap the rewards for years and years to come, esp. as the Global economy picks up steam.
    Dec 5, 2014. 07:01 PM | 1 Like Like |Link to Comment
  • Linn Energy Keeps Distribution Intact, But My Confidence Is Not Fully Restored Yet [View article]
    A complete rehash of several comments already made over the course of this week.
    Other commenters are clearly short sellers, some of whom took a bath last Friday and Monday as they got caught with a turkey fat belly while their wallet/margins were being stripped like the turkey's carcass.

    Oil is going to be volatile for the near future as today's trading on LINE/LNCO clearly demonstrates. LNCO has already shown a strong support at 14.50 and a current Resistance at 16.60, expect it to trade within this range for a while. Personally I'll continue to purchase on any significant pullback. long LNCO.
    Dec 4, 2014. 02:46 PM | 1 Like Like |Link to Comment
  • Tax Changes Coming - Master Limited Partnerships And REITs Advantages At Risk [View article]
    1st repeal the Constitutional Amendment covering the Income tax. then implement a Fair Flat Tax upon all sources of income to take effect immediately upon the repeal of the Income Tax. Remove all Sales taxes as they too favor some products over others or apply the state sales taxes to everything.
    btw Everything means everything and all sources of income means all sources of income including any and all forms of Government largess.

    See if you can get just the 1st item done before the Earth is scorched by the Sun into oblivion.
    Dec 4, 2014. 02:29 PM | Likes Like |Link to Comment
  • Tax Changes Coming - Master Limited Partnerships And REITs Advantages At Risk [View article]
    You want Tax Fairness, then all income is Taxable (including Welfare, foodstamps, Dependent Child care Tax Refunds - esp, to households with minimum to no current income other that taxpayer subsisties, Sect-8 Housing, HEAP grants etc) and subject to a Fair Flat Tax which falls equally upon all, rich and poor alike.
    Do away with sales tax and VATaxes. and all of those special interest deductions.

    Like that has a snowball's chance in Hell of ever going anywhere.
    Dec 4, 2014. 02:24 PM | 2 Likes Like |Link to Comment
  • Linn Energy: Is The Market Pricing In A Distribution Cut? [View article]
    AA Used the OPEC Conference and results last Weds to plan out a Buying strategy for LNCO. I've been trying to get into a solid MLP for a while and this looked like a great Opportunity. I had been gathering some cash and waiting for a dip to occur and some opportunities to develop. I watched quietly from the sidelines last Friday, a short day and light trading as a beatdown the MLP sector across the board occurred. I then finalized my choice and strategy to cost average into LNCO come Monday AM.

    I expected that word would have leaked out since Friday PM and that the sector would take another beatdown Monday. I guessed/figured correctly. Watched the Pre-market activity and bought a small bloc there and continued to average in all the way down to $14.59. I saved some Cash and waited for that $14.50 threshold to fall (I figured that would really trip some auto sells and drive the price even further down towards $14.20) that never happened. Instead I watched a furious fight as the Market makers were doing all they could to Hold the 14.50 -.55 support level. That threshold was sacrosanct and the Movers fought for hours to prop it up. They were successful and LNCO and the rest of the MLPs finally rebounded. They have continued to rebound Tues and Weds and took a slight hit this AM as prices eked down a tad. Fortunately, I am still in the black at this point and look forward to the ex-dividend next week and maybe a chance to pick up a few more shares close to 15 or below.

    Thanks for your perspective, I believe LNCO will hold the divy payout at least into early 2015 as Oil Prices have begun to stabilize (certain OPEC Members can not sustain a protracted Price War to undermine US/Canadian Shale Oil without taking serious hits to their Revenues, GDPs and endangering their regimes and nations). I expect LNCO to return above $16 ps as it has already traded above that on Weds. and found some solid Buyers. Resistance is around $16.50. If it breaks that then $17 to $18+ ps is in the cards as long as the Middle East remains stable. If the ME gets too much turmoil the Price of US/Canadian Crude and Shale could go Higher as ME Production wanes. That would certainly support leaving the dividend in place as Profits would pick-up.

    LINE & LNCO have a good management team I see no reason today to 2nd guess them and their success. Have a great week and let's all make some extra Christmas Cash!
    Dec 4, 2014. 10:36 AM | 2 Likes Like |Link to Comment
  • Linn Energy: Is Linn Energy The Next Seadrill? [View article]
    My LNCO shares are in an IRA so it doesn't matter to me the name, just the amount. Since I did mention MLPs, BDCs and REITs dividend was the better choice. It didn't occur to me to go with dividend/distribution.
    Dec 4, 2014. 08:15 AM | Likes Like |Link to Comment
  • Linn Energy: Is Linn Energy The Next Seadrill? [View article]
    I looked at both and decided that I liked LNCO better. The fact that I could buy more shares for less didn't hurt either. LNCO is Up again today as high as 16.64 earlier so there are certainly folks looking to add to their positions or start new ones both of which bode well for the 2 companies.
    Dec 3, 2014. 01:55 PM | Likes Like |Link to Comment
  • Linn Energy: Is Linn Energy The Next Seadrill? [View article]
    I saw this Oil Sell-off coming (missed the first one) last week and I was prepared ($$$ in the acct) awaiting the big sell-off wave on Monday. I bought LNCO all the way down to 14.50 and I watched as the Fight to hold that support level lasted for a few hours before LNCO rebounded back to 14.98 by EOD. today its up 75 cents ps per this post and I'm 100% in the black. The Dividend is contingent upon Earnings. MLPs Like BDCs and mReits have to return 90% of earnings as dividends or distributions. As noted above this Month's Divy for both LINE and LNCO have been announced and are flat and stable. LNCO/LINE are well hedged looking into 2015 and should have no problem making the divy on a regular basis. Oil prices should stabilize for a while through EOY and into 2015 barring any major global issues. OPECs smaller members can not long withstand these lower prices and a further push by the Sauds to lower prices.increase Production would likely put a large economic strain upon their national gov't and its revenues, hence not too likely to happen. Prices may wind down a little lower due to the slowing Global economy. that will play out early next year. so keep your ear to the ground for that.

    As for me, I like the price point I averaged into LNCO with and look forward to my 1st divy check in a couple weeks as the Price of Oil recovers. Good Luck to the rest of the fine folks here.
    Dec 2, 2014. 02:19 PM | 2 Likes Like |Link to Comment
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