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Pinkrabbit

Pinkrabbit
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  • Cash Flow Vs. GAAP: The Battle Goes On At Eagle Point Credit And Oxford Lane Capital [View article]
    I do not understand the drop. I see no press releases and it is too far from the EX-Date for the market makers to make change. Does anyone have a clue? Seems very odd. Given the lack of news and volume of trading, looks to me to be institutional activity. Given the EX-Date is the 15th, why dump now unless someone figures the stock is going to drop more than $.60 before the Ex-Date. Looks like a self fulfilling
    prophecy.
    Mar 4, 2015. 04:00 PM | Likes Like |Link to Comment
  • CVR Refining: Looking Into The Puzzling 30% Decline [View article]
    Albert:

    I appreciate your commentary since it is one that I actually understood. I think the addition of a chart reflecting CVRR margin percentages compared to the price of oil may have strengthened your case that pure play refiners such as CVRR are somewhat immune to the price oil since they pass through crude oil costs.

    The concern I have with CVRR is that they may not be able to increase their margin dollars because of limited refining capacity. Lower gas prices should result in increased demand at some point. Am I all wet here?


    Jan 2, 2015. 09:51 AM | Likes Like |Link to Comment
  • MORL December Dividend Higher - Annualized Yield 23.1% [View article]
    Thanks but I have the same information.
    Nov 20, 2014. 10:04 AM | Likes Like |Link to Comment
  • MORL December Dividend Higher - Annualized Yield 23.1% [View article]
    Please explain how you came up with a 23% yield. I think it is closer to 7.4%. (12X.1343/$21.75). I know it has wild swings in its monthly payouts but 23%?

    Thanks
    Pinkrabbit
    Nov 19, 2014. 09:34 AM | Likes Like |Link to Comment
  • Companhia Energtica de Minas Gerais EPS of R$26.6M [View news story]
    I waded through the report but I could not find where they posted the Core or Net Income per share nor the current BV per share. Can you assist me? Lacking that info I am unclear why you believe the 2015 dividend is gone.
    Nov 14, 2014. 09:47 AM | Likes Like |Link to Comment
  • The Fed Has Ended QE, Should We Dump Annaly? [View article]
    I concur with you regarding higher interest rate may mean higher dividends. In 2008 rates were much higher as were percentages paid out. Also not being an expert, it seems logical to me that higher interest rates make room for greater spreads. Further, higher interest rates should put an end to refinancing. I would like to see mortgage rates in the 6-7% range. I still think that is still low enough as to not greatly discourage residential and commercial construction or purchases. Better to make more money on fewer loans than to make less money on more loans. On the flip side higher rates could increase defaults. Whatever stay long and ride it out.
    Oct 30, 2014. 09:45 AM | 4 Likes Like |Link to Comment
  • How To Know When A REIT Is Worth Buying [View article]
    As a long time investor in REITs I find that "Protect My Principal At All Costs" does not work for me if the "cost" means that I do not receive an adequate dividend stream to supplement my Social Security income to provide a decent retirement. Since I have no intention of selling securities to provide a source of income, a reasonable dividend plays a much more important role in my investment strategy. Yes I am a dividend chaser but it has worked very well for me. With the exception of 2013, my portfolio has out performed the three major indexes every year (I do have some MLP's and asset management holdings in the mix).

    I would love to have my cake and eat it too but it is not a perfect world. I have target for annual dividend income so I buy or sell holdings to maintain that stream. I do look at a number of factors before I buy or sell but the focus is on dividends and not maintaining principle. I love a down market even if I have to take a principle hit for a short period. Great time to buy. If the dividends are within my acceptable range and earnings tend to support that range, cash from dividends in excess of my current needs are quickly invested.
    Much goes on in this world that drives stock value which has very little to do with a REIT's ability to pay dividends such as what is going on in China or Europe. Even the spread of ebola affects the market. Even in a down market like 2008 and 2013, my dividend stream exceeded my target.

    Everyone's needs are different. If you are not retired then principal preservation may rank high on your list. If you are retired and plan on selling stock to live on, you may also believe in capital preservation. Then there is the third group like myself that do not view REIT's as risky investment where the focus is on share accumulation and associated dividends.

    One shoe does not fit all sir.
    Oct 13, 2014. 09:42 AM | 4 Likes Like |Link to Comment
  • Cornerstone Progressive Return - A CEF With A 20% Dividend [View article]
    The referenced "cost basis" I am referring to is the purchase price of the stock not discounted by any subsequent dividends received.
    Aug 14, 2014. 10:13 AM | 1 Like Like |Link to Comment
  • Cornerstone Progressive Return - A CEF With A 20% Dividend [View article]
    Your analysis of CFP caused me to look at the chart for CFP over the past 5 years. It does not look very good. The dividend started out at .205 and is now at .0773. The price has dropped from the $10 range down to $4.60 and showing no signs of recovery. The decline in price has eaten up most if not all and more of the dividend payout. Based on average cost I am getting a 16% dividend. The obvious question is "is it worth it?". For sure it is not a buy and hold stock. When do I dump it?. My cost basis is $5.72. Without a little more analysis to confirm my suspicions, it appears that I continue to lose money the longer I hold it. Any suggestions out there?
    Aug 14, 2014. 08:28 AM | 1 Like Like |Link to Comment
  • Whiting USA Trust II Quarterly Distribution Up On Decreased Expenses, Good Oil Prices [View article]
    This morning (Monday) Stifel cuts WHZ to Sell from Hold.
    Aug 11, 2014. 10:27 AM | Likes Like |Link to Comment
  • 14%+ Dividend Payer ARMOUR Residential REIT May Be A Bargain [View article]
    I bought a lot of O&G MLP's for diversity. Been nothing but a loser. Not only did the price of the stocks drop (About 30%) so did the dividends. I will take a look at Awilco -Thanks. If it is way down like CVRR, NTI, and ALDW maybe.
    Aug 10, 2014. 08:21 AM | Likes Like |Link to Comment
  • 14%+ Dividend Payer ARMOUR Residential REIT May Be A Bargain [View article]
    I ignore the current market price and focus on the dividend stream especially if I do not need to sell the stock to pay bills. Seems like a good time to do some dollar cost averaging.
    Aug 10, 2014. 08:17 AM | 1 Like Like |Link to Comment
  • 14%+ Dividend Payer ARMOUR Residential REIT May Be A Bargain [View article]
    You are correct but I think they are going to have to pay out about 100% of their net/Core earnings in the 4th qtr to maintain the 5 cents. Last time I checked, and if you put any faith in it, their forecasted earnings for 2015 should cover the 5 cent dividend. I think the earnings forecast is a number to watch. Not necessarily the forecasted $.64 but the projected up or down movement. I think a monthly $.04 dividend is a safe bet for 2015 but $.05 not so much. I have been long on ARR since 2011 but my cost basis is $6.93. I would have to buy a lot of ARR to get that number down but I'm still earning 9%. Right now ARR is 3.87% of my holdings. I may move that up to 5%.
    Aug 4, 2014. 08:01 AM | Likes Like |Link to Comment
  • Silly Rabbit, Dividends Do Matter In Retirement [View article]
    My user name not withstanding, I like Catmanrog and Brad get it. The value of a stock is not nearly so important as the dividend stream it provides for retirement. WHY sell stock to supplement Social Security when you can keep the stock and live off of the dividend? I have been investing in high dividend paying stocks since 2008. I can say with absolute certainty that proceeds from dividends are far less volatile the value of my portfolio. I have consistently earned 14% + in dividends based on the initial purchase price of my holdings. We all took a hit in 2008 and 2013 but dividend stream remained solid. My REIT holdings have fully recovered from the dips. Further, with the exception of 2013, my portfolio always out performs the S&P, NASDAQ and the DJI. "Silly Rabbit" is no relation to me.

    Pinkrabbit
    Jul 21, 2014. 10:30 AM | 4 Likes Like |Link to Comment
  • Retirement Strategy: Chasing Yield Is Actually Looking For Disaster [View article]
    Hey Tom: I buy everything I can on a credit card to get the FF miles to fly on your airplane and not because I cannot afford what I buy. There is an old school of thought (still valid) that buying on credit is "forced savings". Buy what you want or need today (including airline tickets) and pay for it over time so you can enjoy it now rather than wait for an extended period to save up enough money to buy what you need. Is there room for abuse with this system? You betcha. Could there be a tendency to spend a little more than what is required to meet you need like flying first class instead of coach? Yep! On the flip side, for the responsible person, it is the smart way to go.

    Our economy depends on folks buying on credit if done smartly. No one would fly on a plane if they had to pay cash. Problem is some buyers are not too smart and run up huge debt but I suspect you already know all this.
    Jun 22, 2014. 10:12 AM | 1 Like Like |Link to Comment
COMMENTS STATS
192 Comments
211 Likes