BUM
Thinks s/he gets paid by the post
Big move by NM. Another 10 points or so and I'm even.
From your keyboard to God's ears...
Big move by NM. Another 10 points or so and I'm even.
Just by the by, take a gander at the most recent deal that NM announced last night. Acquiring ships at a distressed price with virtually no cash outlay and with long term charters that will more than pay for the ships. Looks to me like they are cleaning up amid the wreckage.
Just by the by, take a gander at the most recent deal that NM announced last night. Acquiring ships at a distressed price with virtually no cash outlay and with long term charters that will more than pay for the ships. Looks to me like they are cleaning up amid the wreckage.
when I look at the sea of red in my portfolio, it's almost all in tanker stocks - EGLE, OCNF, ONAV, FRO, SFL, DSSPF, GDOCF, DSX. Huge hits to all of them. These were nice income producers, and now most of them have eliminated the dividend. I will probably never get back what I paid for them, yet I hold on. Once business picks up again, and I believe it will, the divs will be reinstated and their prices will pop nicely. Or not.
Let's hope so.
since I am a dividend hound, bought a bunch more Annally Mortgage (NLY) today. Last night they announced their biggest dividend yet of 69 cents (12.9% yld.), payable end of Oct. Figure that some of you folks who like(d) tanker stocks might be interested in this. Do your own DD. It's in a controversial business but I'm perfectly comfortable with it given the interest rates and slope of the yield curve.
since I am a dividend hound, bought a bunch more Annally Mortgage (NLY) today. Last night they announced their biggest dividend yet of 69 cents (12.9% yld.), payable end of Oct. Figure that some of you folks who like(d) tanker stocks might be interested in this. Do your own DD. It's in a controversial business but I'm perfectly comfortable with it given the interest rates and slope of the yield curve.
I have owned a security issued by ANH (very similar to NLY) for a while. You should be well aware that these things are all about interest rate risk. They will print money as long as the yield curve stays steep and does not rise much in general. If the reverse happens, it is not a great time for them. So you will need to think about and carefully time your exit. And unless you know a lot about cuspy coupon mortgage backed securities in a leveraged portfolio, there are people trading these things that know way more than you or I about how these things work. Word to the wise.
Are AGNC & ANH good buys? Any other high dividend paying stocks?
Did any of you catch this article in the New York Times:
http://www.nytimes.com/2009/11/12/business/global/12shipping.html?th&emc=th
Container shipping operations are in BIG trouble, and so are their lenders.
Posting this pretty much guarantees you'll never get there. Better sell now.Another 5 bucks up on NM and I'm even, can you imagine!
Posting this pretty much guarantees you'll never get there. Better sell now.
Aren't you the same guy that [-]soiled his shorts last year and[/-] swore off equities?I'm going down with the ship.