"Investors need to understand the growing risks of overplaying the defense card," writes AllianceBernstein's Joe Paul, exploring whether high-yield stocks are in bubble territory. It's not news they're expensive compared to past metrics, but high-yielders now make up a record 44% of the S&P 500 (on a cap-weighted basis). "As a countermeasure, (investors) may want to add more cyclical, deeper-value names." [View news story]
My rock bottom acceptable yield is 4.5%. That's really about break-even considering inflation and tax.
If Rosneft's preliminary agreement to buy out BP’s (BP +0.5%) stake in TNK-BP goes through, it will cement Rosneft’s position as the largest publicly traded oil producer in the world, with output of 4M bbl/day. Good for Rosneft but maybe not so good for BP, WSJ's Andrew Peaple writes, which would be left with a minority, illiquid stake in a company that pays meager dividends. But at the least, BP will find the cash useful. [View news story]
Dealing with Putin is truly Russian roulette...all chambers are loaded when it's your turn to pull the trigger. BP get's extortion in the USA and robbed in Russia. The Brits had better have a strong upper lip.
An afternoon volatility spike in BP (BP -0.3%) shares is attributed to a WSJ report that a light oil slick of oil in the Gulf of Mexico is coming from a containment dome that was abandoned on the sea floor during efforts to stop the 2010 Deepwater Horizon oil spill. The slick is not new; last week, a lab matched the oil from a previously reported sheen to oil from the well. [View news story]
This is just another try at getting money from a good company that had a terrible accident. ENOUGH of this extortion!!!
The Coast Guard notifies BP and Transocean (RIG) that a new sheen of oil near the Macondo site matches the oil from the 2010 spill; the sheen could be linked with oilfield debris left on the ocean floor at the time. The sheen doesn’t pose a threat to the shoreline, but the Coast Guard tells BP and RIG they may be held financially liable for the new oil. (earlier: potential settlement) [View news story]
Romney is a shoot first guy. OK in the movies, dangerous in real life.
Blinded by fat yields, investors continue to bid closed-end funds far higher than their NAVs. 66% of taxable and 73% of muni-bond funds trade above NAV now, compared to just 30% a year ago, with often the funds with the highest distributions having the highest premiums. "We believe that an excessive premium for the fund is not likely to be sustainable," says Gabelli of one of its funds. Are investors listening? [View news story]
Thanks for your reply. I hold SRV that sells at a large premium, but pays a large distribution ( 8%+). It holds a well diversified portfolio of Master Limited Partnerships which makes it very attractive. If I sold SRV, where else could I put the money with a similar yield and portfolio?
Blinded by fat yields, investors continue to bid closed-end funds far higher than their NAVs. 66% of taxable and 73% of muni-bond funds trade above NAV now, compared to just 30% a year ago, with often the funds with the highest distributions having the highest premiums. "We believe that an excessive premium for the fund is not likely to be sustainable," says Gabelli of one of its funds. Are investors listening? [View news story]
Paulo, isn't the premium being paid really a problem for those currently buying those shares, not for holders that bought over a year ago?
Keeping An Eye On European Funds For Possible Future Re-Entry [View article]
Here is a fund that has it all....global coverage in blue chip companies AND a monthly dividend yield of 8%+: CALAMOS's Global Total Return Fund (CGO).
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"Investors need to understand the growing risks of overplaying the defense card," writes AllianceBernstein's Joe Paul, exploring whether high-yield stocks are in bubble territory. It's not news they're expensive compared to past metrics, but high-yielders now make up a record 44% of the S&P 500 (on a cap-weighted basis). "As a countermeasure, (investors) may want to add more cyclical, deeper-value names." [View news story]
If Rosneft's preliminary agreement to buy out BP’s (BP +0.5%) stake in TNK-BP goes through, it will cement Rosneft’s position as the largest publicly traded oil producer in the world, with output of 4M bbl/day. Good for Rosneft but maybe not so good for BP, WSJ's Andrew Peaple writes, which would be left with a minority, illiquid stake in a company that pays meager dividends. But at the least, BP will find the cash useful. [View news story]
An afternoon volatility spike in BP (BP -0.3%) shares is attributed to a WSJ report that a light oil slick of oil in the Gulf of Mexico is coming from a containment dome that was abandoned on the sea floor during efforts to stop the 2010 Deepwater Horizon oil spill. The slick is not new; last week, a lab matched the oil from a previously reported sheen to oil from the well. [View news story]
The Coast Guard notifies BP and Transocean (RIG) that a new sheen of oil near the Macondo site matches the oil from the 2010 spill; the sheen could be linked with oilfield debris left on the ocean floor at the time. The sheen doesn’t pose a threat to the shoreline, but the Coast Guard tells BP and RIG they may be held financially liable for the new oil. (earlier: potential settlement) [View news story]
Blinded by fat yields, investors continue to bid closed-end funds far higher than their NAVs. 66% of taxable and 73% of muni-bond funds trade above NAV now, compared to just 30% a year ago, with often the funds with the highest distributions having the highest premiums. "We believe that an excessive premium for the fund is not likely to be sustainable," says Gabelli of one of its funds. Are investors listening? [View news story]
Drilling For Dividends With A Diversified Play In A Yield-Starved And Uncertain Market [View article]
Blinded by fat yields, investors continue to bid closed-end funds far higher than their NAVs. 66% of taxable and 73% of muni-bond funds trade above NAV now, compared to just 30% a year ago, with often the funds with the highest distributions having the highest premiums. "We believe that an excessive premium for the fund is not likely to be sustainable," says Gabelli of one of its funds. Are investors listening? [View news story]
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