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Post by Chahta on Oct 19, 2021 22:51:16 GMT
Limit order filled for PTY @18.15. I have another for 18.00. Why - I just received my first couple SS checks, and I'm making a good bit of cash from gigging. I'm taking a small page from steelpony10 book and using this to increase income for the future. I expect (hope) this will be longterm hold. If not I will prob replace with another CEF. At this point PTY and FPF are my only CEFs and I'm in no hurry to add more. Welcome to the land of milk and honey, old man.
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Post by richardsok on Oct 20, 2021 14:52:39 GMT
Something a little different.
I have watched TKC and its crumbling share price for some time. A profitable company throwing off a fully earned dividend does tend to get my attention. No doubt Turkey and its political situation turns away some investors and, and, another turn-off, dividends have been spotty in the past and were sharply reduced back in 2018. However, div has been paid regularly the last three quarters with the next XD ( .12, I believe) Oct 28. With large and growing segments in cellphones, television, digital business service and finance, IMO, share prices have been driven down much too far. But never mind my opinion, Merrill L gives it a "buy". Current PE is 7 and finviz projects .81 earnings next year. Still, it operates in an iffy part of the globe and wouldn't do to be too enthusiastic, IMO. Numbers seem good, but there might be more here than I can find.
Tenchnicals: got first buy signal this morning. Bought a smallish block.
FWIW. - - - - - - - - -
Update: 1 PM
Two positions in the IRA aren't working; IFN and ECC. Sold former for small loss and latter small gain with one XD. Used some of the proceeds to add to existing position in CPZ, thus simplifying IRA portfolio somewhat. Don't like having too many holdings; slower to unload should quick action be needed.
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Post by xray on Oct 20, 2021 18:24:26 GMT
richardsok, Your: Something a little different ---------- I had a little time today and ran your different mentioned securities in my computer systems. With that said.... 1... IFN and TKC were rejected outright [does not mean that they may not be good investments but don't meet computer criteria that some of us currently use].. 2... CPZ was rejected for low dividend [8.05% ... require minimum of 9.00%] and lower than normal performance [looking forward].... 3... ECC continues to have a 10star rating [for the last few weeks] with a 100 report card rating/100 power rating. Last weeks total analysis numb3rs was +383 [higher than minimum requirement of +305]. ECC is " NOT" expected to get much push in their MktPrc [in both plus/negative market changes] until late November or early December. Their latest dividend increase [shown below] was +20% [started in October] and they missed Zach's estimate by a "penny". Bottom Line: ECC is still something currently to have in one's portfolio [IMHO].... Zacks Eagle Point (ECC) Misses Q2 Earnings EstimatesZacks Equity Research August 17, 2021 Eagle Point (ECC) came out with quarterly earnings of $0.29 per share, missing the Zacks Consensus Estimate of $0.30 per share. This compares to earnings of $0.28 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -3.33%. A quarter ago, it was expected that this management investment company would post earnings of $0.28 per share when it actually produced earnings of $0.25, delivering a surprise of -10.71%. Over the last four quarters, the company has not been able to surpass consensus EPS estimates. Eagle Point, which belongs to the Zacks Financial - Investment Management industry, posted revenues of $19.94 million for the quarter ended June 2021, surpassing the Zacks Consensus Estimate by 4.93%. This compares to year-ago revenues of $15.38 million. The company has topped consensus revenue estimates three times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Eagle Point shares have added about 40.1% since the beginning of the year versus the S&P 500's gain of 19.3%.Ahead of this earnings release, the estimate revisions trend for Eagle Point was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. ---------- GREENWICH, Conn., August 10, 2021--(BUSINESS WIRE)--Eagle Point Credit Company Inc. (the "Company") (NYSE:ECC, ECCB, ECCC, ECCW, ECCX, ECCY) today is pleased to announce the declaration of distributions on shares of the Company’s common stock. The Company has declared three separate distributions of $0.12 per share on its common stock, an increase of 20% from its previous monthly distribution rate of $0.10 per share, payable on each of October 29, 2021, November 30, 2021 and December 31, 2021 to stockholders of record as of October 12, 2021, November 10, 2021 and December 13, 2021, respectively. The following schedule applies to the distributions: ---------- Comment: Book Values are reported " Quarterly" so any dramatic changes could affect the current MktPrc [when announced].... Disclosure: Some of us currently continue to have a "Low Risk (Rf)" Phase #1 position [2%-4%] in ECC.... Live Long and Prosper....
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Post by chang on Oct 21, 2021 9:52:28 GMT
Transferred the contents of my Roth from 100% PRWAX to 100% TRGOX. Basically just deck chair reshuffling.
Why: The latter is more techy and growthy, and will be compensated for when I sell some VWUAX in my Vanguard IRA to buy VHCAX, which I do at the start of every year. (It is also a slightly cheaper fund.)
(By a weird coincidence, PRWAX rose and TRGOX fell yesterday, so my timing was ever so slightly fortuitous.)
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Post by richardsok on Oct 21, 2021 15:47:15 GMT
ETHE weak this morning; slipping steadily from almost 40 to 37 midday. Looking for an intraday reversal oppty. But nothing yet.
Meanwhile, took some gains in NEM, selling half my position.
Over in the Roth, working a little bit of div cap by taking small gains on PDO (which has been shaky the last few days) and replacing it with FPF, which has a somewhat stronger recent chart.
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Post by cactusjack on Oct 21, 2021 18:34:32 GMT
Sold the last of my ERF for a nice profit. I am just taking a few dollars off the table and attempting to lower the volatility a bit.
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Post by chang on Oct 21, 2021 21:29:12 GMT
Sold SIGIX. Manager simply hasn’t performed. Writes great commentaries but misses the key opportunities and trends.
Added a little bit to VWILX simultaneously, but for the most part plan to keep the proceeds in cash-equivalents.
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Post by xray on Oct 22, 2021 9:35:08 GMT
CAPL News: Reference: Buys, Sells and Why Oct 15, 2021 at 4:26pm
Allentown, Oct. 21, 2021 (GLOBE NEWSWIRE) -- CrossAmerica Partners LP Maintains Quarterly Distribution Quarterly distribution of $0.5250 per unit attributable to the third quarter of 2021
ALLENTOWN, PA (October 21, 2021) – CrossAmerica Partners LP (NYSE: CAPL) announced today that the Board of Directors of its general partner has approved a quarterly distribution of $0.5250 per unit attributable to the third quarter of 2021 (annualized $2.10 per unit). The distribution attributable to the third quarter is payable on November 10, 2021 to all unitholders of record on November 3, 2021.
CrossAmerica will host a conference call on November 9th at 9:00 a.m. Eastern Time to discuss second quarter earnings results, which will be released after the market closes on Monday, November 8.
About CrossAmerica Partners LP
CrossAmerica Partners is a leading wholesale distributor of motor fuels, convenience store operator, and owner and lessor of real estate used in the retail distribution of motor fuels. Its general partner, CrossAmerica GP LLC, is indirectly owned and controlled by entities affiliated with Joseph V. Topper, Jr., the founder of CrossAmerica Partners and a member of the board of the general partner since 2012. Formed in 2012, CrossAmerica Partners LP is a distributor of branded and unbranded petroleum for motor vehicles in the United States and distributes fuel to approximately 1,800 locations and owns or leases approximately 1,200 sites. With a geographic footprint covering 34 states, the Partnership has well-established relationships with several major oil brands, including ExxonMobil, BP, Shell, Chevron, Sunoco, Valero, Gulf, Citgo, Marathon and Phillips 66. CrossAmerica Partners ranks as one of ExxonMobil's largest distributors by fuel volume in the United States and in the top 10 for additional brands
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Comment: Many of us expect good Qtrly results for the "4th" Qtr and "1st" Qtr of next year. The 3rd Qtr results should be less but we still expected them to maintain their dividend [as reported above].... Disclosure: Some of us continue to maintain a phase #3 position [6%-8% "at Risk" assessment] with previous CapGain....
Live Long and Prosper....
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Post by richardsok on Oct 22, 2021 16:49:24 GMT
CAPL is one of my top performers, X. Owe you a beer. Maybe even two.
Meanwhile. wish I could hold onto PBFX for its upcoming XD, but technicals are eroding. Reluctantly sold it for a wash.
Took gains on large ETO position (my biggest single equity position) and traded it for LGLV. (low vol large cap)
Gold is moving, but I already have large exposure in ASA (just now struggling up out of its miserable trough) & NEM. Bought instead new position in GNT (various natural resources CEF).
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Post by uncleharley on Oct 22, 2021 16:59:42 GMT
I added a few shares to my SILJ position today in my trading acct. I am now on almost full margin. Upside potential far outwieghs downside risk imho.
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Post by xray on Oct 22, 2021 21:13:11 GMT
richardsok, Your: CAPL is one of my top performers, X. Owe you a beer. Maybe even two. ---------- How about three?? CAPL closed at a new MktPrc " HIGH" of 22.29.... Live Long and Prosper....
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Post by richardsok on Oct 25, 2021 14:00:49 GMT
I am reading reports that retail propane prices are becoming brutal as we head deeper into autumn. As it is primarily a distributor and not a producer, I have no idea how such prices would affect SPH profits, especially as some congressmen are already making noises about getting government involved.
I'm up 7% in about seven days of owning SPH, so I took gains right here before the XD. Also took some gains on HGLB and with the money from both sales added to existing large block in LGLV with intent to trade purely on signals.
Simplifying portfolio a bit.
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Post by xray on Oct 25, 2021 16:04:40 GMT
richardsok, Your: I am reading reports that retail propane prices are becoming brutal as we head deeper into autumn. As it is primarily a distributor and not a producer, I have no idea how such prices would affect SPH profits, especially as some congressmen are already making noises about getting government involved. ---------- From my readings this afternoon, " COAL" is the current investment but my computers don't like anything that I have any faith in. SPH should do very well as we are heading into the heating season. SPH should have positive numb3rs for 4th Qtr [Oct/Dec] and 1st Qtr next year [Jan/Mar].... Currently, USA is pushing other Countries to increase their oil outputs while we won't push it here [climate change issue]. Gas prices are expected to continue to rise with no short term solutions. We are still trying to get rid of COAL [completely].... Live Long and Prosper....
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Post by acksurf on Oct 25, 2021 23:57:08 GMT
Transferred the contents of my Roth from 100% PRWAX to 100% TRGOX. Basically just deck chair reshuffling. Why: The latter is more techy and growthy, and will be compensated for when I sell some VWUAX in my Vanguard IRA to buy VHCAX, which I do at the start of every year. (It is also a slightly cheaper fund.) (By a weird coincidence, PRWAX rose and TRGOX fell yesterday, so my timing was ever so slightly fortuitous.) Out of curiosity why not just invest in QQQ - for techy and growthy? Occasionally, I look at an active fund - and sometimes take a position for a short time - in large growth but so far have stayed with QQQ.
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Post by chang on Oct 26, 2021 2:28:26 GMT
Out of curiosity why not just invest in QQQ - for techy and growthy? Occasionally, I look at an active fund - and sometimes take a position for a short time - in large growth but so far have stayed with QQQ. QQQ would have been the place to be in recent years, for sure. But I have never been a fan of market cap weighted indexes. I like VG's low cost, actively managed funds. I keep VWUAX in my IRA, so I'm not concerned with CGs. I would consider QQQ in a taxable account.
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Post by richardsok on Oct 26, 2021 4:09:34 GMT
X -- Yes, at first blush one might well think enormous spikes in propane costs should greatly benefit SPH. Retail propane for home heating is currently about 2.85, up from about 1.75 a year ago -- ruinous for many people. (And I have no reason to believe prices won't continue to climb this winter.) I'm reminded that SPH is greatly burdened with debt and that a large percentage of their rural customers have alternatives practically unknown in the suburbs: wood stoves or pellet stoves or supplemental electrical baseboard heat, typically for the very coldest days .... or even sweaters. I simply don't know what greatly increased prices will do to consumer behavior. So, since I have a very quick 7% gain, I've decided to take it. I am still well over-allocated in energy.
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Post by Chahta on Oct 26, 2021 15:24:09 GMT
Transferred the contents of my Roth from 100% PRWAX to 100% TRGOX. Basically just deck chair reshuffling. Why: The latter is more techy and growthy, and will be compensated for when I sell some VWUAX in my Vanguard IRA to buy VHCAX, which I do at the start of every year. (It is also a slightly cheaper fund.) (By a weird coincidence, PRWAX rose and TRGOX fell yesterday, so my timing was ever so slightly fortuitous.) Out of curiosity why not just invest in QQQ - for techy and growthy? Occasionally, I look at an active fund - and sometimes take a position for a short time - in large growth but so far have stayed with QQQ. I am picky with managed funds. Want low turnover, no dividends and few and far between CG distributions. I only own 1 and it's in my taxable. I want to get back into QQQ again.
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Post by xray on Oct 26, 2021 17:40:13 GMT
richardsok, Your: CAPL is one of my top performers, X. Owe you a beer. Maybe even two. ---------- How about three?? How about " four" CAPL closed at a new MktPrc "HIGH" of 22.75.... Live Long and Prosper....
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Deleted
Deleted Member
Posts: 0
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Post by Deleted on Oct 26, 2021 17:46:44 GMT
My limit order for a 10 sh FB got executed at 311.
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Post by win1177 on Oct 27, 2021 0:05:21 GMT
Added some to my INTC position today, 600 shares at $48 per share.
Win
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Post by jongaltiii on Oct 27, 2021 1:18:02 GMT
Added some to my INTC position today, 600 shares at $48 per share. Win I think you’re pretty smart. Listened to CEO of Cisco this AM on CNBC or Fox Biz (can’t recall which). He had a lot to say about chip shortage and impact. Basically, he endorsed INTC strength at fabrication and said it will be second half of 2022 or 2023 before supply catches up. Interesting interview. I bet you win on LT with INTC. Best to you.
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Post by rhythmmethod on Oct 27, 2021 20:42:05 GMT
Took opening position in GOF today @18.75. As mentioned elsewhere I refer to this as "engaged watch". I'll see how the merger plays out before adding more (probably). Building an income stable of CEFs, supported by FI OEFs, O, SCHD, SCHY. Also sold FBALX in non-sheltered account. The big CG is something I'd rather not deal with. Not sure how I'll redeploy yet. Onward.
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Post by chang on Oct 28, 2021 7:20:27 GMT
Poured proceeds from recent equity sales into VUSFX (VG US/T Bond).
Was thinking of adding to RPHIX, a fund I like (except for its high ER), but I have enough there already. Also, VUSFX+VWEAX together, in the right proportion, sort of constitute a short-term HY proxy (well, not really, but you get the idea) at very low cost. I have VUSFX and VWEAX in roughly a 3:1 ratio. So that, plus RPHIX, seems like a reasonably safe (and short duration) way to manage cash.
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Post by Fearchar on Oct 28, 2021 14:45:18 GMT
VIG and PIMIX.
Along with VONG, these now form the core of my personal portfolio.
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Post by xray on Oct 28, 2021 16:00:22 GMT
richardsok, Your: CAPL is one of my top performers, X. Owe you a beer. Maybe even two. ---------- CAPL, on 10/25 had Insider "Grant Awards" for 23,000sh. Looks promising [while we wait] for their 11/8 Qtrly reporting.... Live Long and Prosper....
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Post by richardsok on Oct 28, 2021 16:10:49 GMT
richardsok , Your: CAPL is one of my top performers, X. Owe you a beer. Maybe even two. ---------- CAPL, on 10/25 had Insider "Grant Awards" for 23,000sh. Looks promising [while we wait] for their 11/8 Qtrly reporting.... Live Long and Prosper.... Corporate "grant award" is a term I'm hazy about. I would imagine an officer might be awarded stock or a bonus if s/he reached a goal target in a certain area of responsibility -- but that's just my guess. Googling the term only yields sites about government grants. Could you clarify, when convenient? Thanks.
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Post by win1177 on Oct 28, 2021 19:11:48 GMT
Initiated long position in Newmont Mining (NEM)- 1100 shares at $55.95 per share. Have not had gold exposure, just adding a little to offer some diversification. Pays a decent dividend, cash flow is good, payout is covered, gold has been weak lately.
Win
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Post by xray on Oct 28, 2021 22:01:48 GMT
richardsok, Your: Reference: CAPL, on 10/25 had Insider "Grant Awards" for 23,000sh. Looks promising [while we wait] for their 11/8 Qtrly reporting.... Corporate "grant award" is a term I'm hazy about. I would imagine an officer might be awarded stock or a bonus if she/he reached a goal target in a certain area of responsibility -- but that's just my guess. ---------- Normally the President and all his board members and department "heads" can initiate Buy/Sell activity [to the companies current year end policy 01/01 each year]. Grant awards are usually "one time" events [rewards].... Normally, when I observe a " GRANT AWARD" [or Beneficial ownership] "Before" or "near" a not yet announced Quarterly report [within a 2-4 week period], I come to the conclusion that the company might be giving a additional reward to a individual so they might profit from the award]. Single opinion of course and doesn't happen all the time but I like to play the odd's and thinking of what the company is doing.... Live Long and Prosper....
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Post by roi2020 on Oct 29, 2021 3:37:07 GMT
I sold Baird Core Plus Bond Fund (BCOIX) to purchase River Canyon Total Return Bond Fund (RCTIX). I have a fairly large position in another intermediate core-plus bond fund (Dodge & Cox Income Fund) and wanted more bond diversification. Here are my thoughts regarding RCTIX.
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Post by xray on Oct 29, 2021 9:09:17 GMT
Very Bad News SRLP
Computers show that the previous insider SRLP MktBuyPrc buy was at 17.40 [back in August for 1600sh which we track]. Now it is showing a "glitch" in that the previous MktBuyPrc was eliminated from our view and replaced with a "NEW" MktBuyPrc of 16.25 [for 1150sh with same date]....
Not the first time some of us have observed this type of hanky panky [for insider increased profit] on Insider Buy securities. What it tells me is that we could be going lower in MktPrc and that SRLP has determined that 16.25 will be the low estimated MktPrc point....
Disclosure: No change in portfolio holding....
Live Long and Prosper....
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