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  • Kinder Morgan: The Other Shoe Just Dropped  [View article]
    Thats an interesting purchase given that KSA is already feeling the effects of low oil prices and is delaying payments to contractors: http://bloom.bg/1PPJb5e
    Oct 26, 2015. 10:12 AM | 1 Like Like |Link to Comment
  • Don't Abandon Micron Just Yet  [View article]
    No, he is referring to the put and call option contracts. There is significant open interest on the Jan $20 calls with over 111,000 contracts still in place (100 shares per contract). His assumption is that MMs (market makers) have written most of those call contracts and therefore need to keep the stock price under $20 to avoid having to fill those (i.e., having to provide the 100 shares per contract at $20/share). Current price on those calls is about $0.67/share. Not cheap considering the current price is 16% below that $20 strike.
    Oct 21, 2015. 12:46 PM | 5 Likes Like |Link to Comment
  • Wall Street Breakfast: Media Buzz Hits The Street  [View article]
    More than $1 trillion in US debt has already sold at an interest rate of zero: http://on.wsj.com/1LRZl8o. Some German debt was sold at a negative rate (5-year bonds at that): http://on.ft.com/1LRZl8p.
    Its still hard to believe that there isn't a better place to park cash than guaranteeing a loss in value in negative-rate bonds. Back to under the mattress?
    Oct 16, 2015. 09:17 AM | 6 Likes Like |Link to Comment
  • Wall Street Breakfast: Get Ready For Earnings Season  [View article]
    And BP is selling a commodity that is essentially the same regardless of the company producing it. VW on the other hand will have to win back customers for a differentiated product. That is another complication for them.
    Oct 8, 2015. 11:11 AM | 4 Likes Like |Link to Comment
  • It's Time To Capitalize On Blackstone Mortgage, Now Yielding 9%  [View article]
    Better take a look at the distribution history for BX (which issues a K-1 btw as it is a partnership). The distributions are highly variable: http://bit.ly/1OSW7YE

    The last four payments were 0.74, 0.89, 0.78 and 0.44 per unit. Distributions have been as low as 0.1/unit per quarter as recently as 2012.

    If you are looking for dividend (distribution) growth, the BX REIT might be a better option for you.
    Oct 5, 2015. 11:02 AM | 2 Likes Like |Link to Comment
  • Huntsman Is Really Cheap And Could Move Higher  [View article]
    This is what is driving it lower: http://tinyurl.com/nfb...
    Sep 28, 2015. 10:53 AM | Likes Like |Link to Comment
  • Banco Santander targets double-digit EPS growth, building equity buffer  [View news story]
    Don't overlook that 25% of their business is in Brazil. Brazil is a mess and a recession is on the way there (if it hasn't already started).
    Sep 23, 2015. 03:20 PM | 3 Likes Like |Link to Comment
  • Banco Santander targets double-digit EPS growth, building equity buffer  [View news story]
    Meanwhile, they made a new 52-week low today. I am thinking it won't be this year's low point either.
    Sep 23, 2015. 11:51 AM | 6 Likes Like |Link to Comment
  • Dividends & Income Digest: Is The BDC Sector In Oversold Territory With An Average Yield Of 11.5%?  [View article]
    That is an ETN (exchange traded note) and carries some additional risk. UBS (the entity that issues the BDCL note) is not required to actually hold the BDCLs that the note is based on. You are taking on whatever credit risk is associated with UBS. And 100% of those payments are taxed the same as interest payments.
    Sep 21, 2015. 11:11 AM | 2 Likes Like |Link to Comment
  • Freeport-McMoRan Craters Amid New Equity Issuance; Don't Blame The Dilution  [View article]
    Check out ABX, they paid billions to get out from under those hedges mentioned by BRK1787: http://reut.rs/1KndWuV
    Sep 19, 2015. 02:11 PM | 1 Like Like |Link to Comment
  • Mr. Market Errs: Apple Is Unlikely To Be Stopped In Its Rise To Further Heights  [View article]
    That was on August 24, and it went to $92.

    Of course, many other large-cap, high volume stocks also made 52-week lows in that same "flash crash" event; and yet none of those trades were busted. I haven't seen anything regarding a follow-up investigation either.
    Sep 10, 2015. 01:18 PM | 9 Likes Like |Link to Comment
  • Coming To Terms With Prospect Capital  [View article]
    I looked at my 1099 from 2014, the bulk of the PSEC payments were nonqualified dividends (approximately 94% of the dividends paid). The other 6% were qualified dividends subject to the lower tax rate.
    Sep 3, 2015. 12:11 PM | 2 Likes Like |Link to Comment
  • Coming To Terms With Prospect Capital  [View article]
    Even AAPL went to $92 when that event occurred on August 24. It was so quick, I didn't even notice it happening. Thats what happens with computer algorithms doing the trading.
    Sep 3, 2015. 09:09 AM | 2 Likes Like |Link to Comment
  • VEREIT - A Major Buy From The New CEO  [View article]
    The dividend has been reestablished: On August 5, 2015, the Company's Board of Directors declared a quarterly dividend of $0.1375 per share for each of the third and fourth quarters of 2015, representing an annual distribution rate of $0.55 per share. The dividend will be paid on October 15, 2015 and January 15, 2016 to common stockholders of record as of September 30, 2015 and December 31, 2015, respectively. (that is copied straight from the press release on earnings).
    Aug 26, 2015. 02:56 PM | Likes Like |Link to Comment
  • Linn Energy and LinnCo tumble; rumor swirls  [View news story]
    We know the distribution will be suspended; so how much will that reduce Kolja Rockov's income? Probably a good move to hold off on the construction of the mansion.
    Aug 21, 2015. 12:15 PM | 5 Likes Like |Link to Comment