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Post by Chahta on Oct 29, 2021 11:18:36 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. Looks like a good time to swap the two. I assume you are a B&H investor. Curious about your strategy.
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Post by richardsok on Oct 29, 2021 14:24:21 GMT
In a real quandry over my PBR this morning. It just swung from a Covid-caused loss to nice quarterly profit, exactly as I expected --- precisely in time for the entire Brazilian economy to fall into an inflationary funk, largely caused by a wave of new entitlement spending. (Sound familiar?) Interest rates have been yanked upward and political actors are slamming PBR (very convenient target) for rising pump prices.
Hate to realize a loss on a sharp down day, but I don't see Brazil's troubles improving soon. Their typical politicos aren't known for Ciceronian leadership. Sold half for an ugly little loss.
KNOP, also with energy operations in Brazil, is leaking 2/3 of my paper gains. Sold half also.
Coming to believe I'm better shuffling CEFs and ETFs than individual stocks.
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Post by rhythmmethod on Oct 29, 2021 15:18:40 GMT
Using some proceeds from FBALX sale (reported here) to purchase PRGSX (expected drop) due to tech drama.
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Post by roi2020 on Oct 29, 2021 18:31:14 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. Looks like a good time to swap the two. I assume you are a B&H investor. Curious about your strategy. I am for the most part a B&H investor. Since I already owned DODIX, I seeked more diversification in the bond portion of my portfolio. RCTIX currently has only a 0.26 correlation with the Bloomberg Barclays U.S. Aggregate Index. RCTIX should perform better than most core/core-plus bond funds in rising rate environments due to its short duration (0.66 yr) and floating rate securities (60% of total assets).
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Post by jongaltiii on Oct 29, 2021 18:50:38 GMT
Bought some PRGSX (closes next biz day). Adding to Foreign/Intl. DCA 1/4 into. This fund will compliment or replace my MGGPX in the future.
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Post by roi2020 on Oct 29, 2021 18:57:08 GMT
T. Rowe Price Global Stock Fund (PRGSX) has performed well during David Eiswert's tenure.
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Post by xray on Oct 29, 2021 20:11:00 GMT
Benzinga 4 Stocks Insiders Are Buying Lisa Levin Fri, October 29, 2021, 7:26 AM
INTC +1.92%
TSRI +19.02%
ARIS -0.65%
UTRS +3.05%
When insiders purchase shares, it indicates their confidence in the company's prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.
Below is a look at a few recent notable insider purchases. For more, check out Benzinga's insider transactions platform.
Aris Water Solutions
The Trade: Aris Water Solutions, Inc. (NYSE: ARIS) Chief Financial Officer Brenda R Schroer acquired a total of 92308 shares at an average price of $13.00. The insider spent $199,992.00 to buy those shares.
What’s Happening: The company, last week, priced its IPO at $13 per share.
What Aris Water Solutions Does: Aris Water Solutions Inc is an environmental infrastructure and solutions company that helps customers reduce their water and carbon footprints. It has two primary revenue streams.
Minerva Slurgica
The Trade: Minerva Surgical, Inc. (NASDAQ: UTRS) 10% owner New Enterprise Associates Lp, Nea Partners Limited Partnership, Nea GP Ltd, Forest Baskett, Patrick Kerins, Scott Sandell acquired a total of 9999125 shares at an average price of $12.00. To acquire these shares, it cost $15,600,000.00.
What’s Happening: The company, last week, priced its IPO at $12 per share.
What Minerva Surgical Does: Minerva Surgical Inc is a commercial-stage medical technology company focused on developing, manufacturing, and commercializing minimally invasive solutions to meet the distinct uterine healthcare needs of women.
Intel
The Trade: Intel Corporation (NASDAQ: INTC) Director Dion Weisler bought a total of 5147 shares at an average price of $48.57. The insider spent $249,977.65 to buy those shares.
What’s Happening: Intel recently reported worse-than-expected Q3 non-GAAP revenue and issued Q4 adjusted EPS guidance below estimates.
What Intel Does: Intel is the world's largest chipmaker. It designs and manufactures microprocessors for the global personal computer and data center markets. Intel pioneered the x86 architecture for microprocessors. It was the prime proponent of Moore's law for advances in semiconductor manufacturing, though the firm has recently faced manufacturing delays.
TSR
The Trade: TSR, Inc. (NASDAQ: TSRI) Director Robert E Fitzgerald bought a total of 14815 shares at an average price of $8.84. The insider spent $130,987.68 to buy those shares.
What’s Happening: TSR recently reported first-quarter FY22 revenue growth of 57.5% year-on-year to $22.9 million.
What TSR Does: TSR Inc is primarily engaged in the business of providing contract computer programming services to its customers. The company offers technical computer personnel to supplement its in-house information technology capabilities.
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Live Long and Prosper....
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Post by richardsok on Oct 29, 2021 23:31:35 GMT
X --
I have never regarded insider buys at IPO as being in any way auspicious. The managers are already awarding themselves big blocks of shares gratis. I think IPO buys are no more than an extra little effort to create media buzz on opening day.
Of course, if I read a report that the entire executive suite is mortgaging their homes to buy hand-over-fist, that would interest me.
Don't recall ever reading such a report, though.
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Post by Chahta on Oct 29, 2021 23:53:16 GMT
Bought MMHAX today. Back in HY muni time (I hope).
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Post by anovice on Oct 30, 2021 10:58:32 GMT
Bought MMHAX today. Back in HY muni time (I hope). Curious as to why MMHAX instead of NHMAX in the same general space, which has superior YTD and 1-year returns. MMHAX does have a lower SD.
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Post by richardsok on Nov 1, 2021 4:00:30 GMT
Rather off-topic, but I do want to follow up on Xray's "Insider Buys" post to note:
1. In the last couple of days James Dondero purchased several large blocks of NHF
2. On Oct 25, four directors and the CEO of INTC all purchased large blocks of shares on the open market.
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Post by xray on Nov 1, 2021 13:49:37 GMT
richardsok, Your: 1. In the last couple of days James Dondero purchased several large blocks of NHF 2. On Oct 25, four directors and the CEO of INTC all purchased large blocks of shares on the open market Interesting. Will have to take a look today for the rest of the story [Why??].... Thanks for the info/Post.... Live Long and Prosper....
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Post by Fearchar on Nov 1, 2021 14:57:35 GMT
BABA Bought at $170.95
Recommended by MorningStar & Morgan Stanley.
Of course, it's already traded lower this morning!
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Post by rhythmmethod on Nov 1, 2021 16:54:36 GMT
Topping off PRGSX with some FBALX proceeds as reported earlier. Also added a little to GOF. I have a good income stream, for the moment, and am using it to create more future income. I'm starting to get FOMO on the CEFs as they are all well above my CB and I haven't received dist. yet (though I will tonight). Stay well!
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Post by xray on Nov 1, 2021 21:08:45 GMT
richardsok, Your: richardsok , Your: CAPL is one of my top performers, X. Owe you a beer. Maybe even two. ---------- Looks like we might have to tie one on [at this point]. CAPL hit a new "HIGH" of 23.15 today.... Live Long and Prosper....
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Deleted Member
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Post by Deleted on Nov 1, 2021 21:41:43 GMT
Bought 200sh of SONO on Friday. (Sonos).
1. I had been looking wifi speakers and found that Sonos are universally top rated in their category. I bought 2 sonos speakers myself. 2. David Einhorn increased his stake in Sonos. Though Einhorn being value investor has had a pretty bad decade in terms of stock picks.
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Post by cactusjack on Nov 1, 2021 23:00:08 GMT
Picked up a bit of VGT, INTC, THQ, and FDIS. I was a bit low in these 3 categories (tech, health care, consumer discretionary), so I did a bit of balancing. Still considerably overweight (thankfully) energy. It has been on a roll lately. I have ENB, COP, XOM, EPD, XLE...all are doing well.
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Post by richardsok on Nov 2, 2021 19:50:29 GMT
Bought opening position in ADX, on article suggesting a good EOY special distribution. Chart remains solid.
CAPL was slapped off its high ... way harder than expected today on XD. Gave back a lot of my gains. Kicking myself for not selling yesterday's spike. No important news I can find. Surprised not to see a little late day rally yet. Going to hold.
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Post by xray on Nov 3, 2021 10:06:57 GMT
richardsok, Your: 1. In the last couple of days James Dondero purchased several large blocks of NHF 2. On Oct 25, four directors and the CEO of INTC all purchased large blocks of shares on the open market Interesting. ---------- NHF/INTC: Was a interesting journey but found no compelling reason to buy them currently. Of the two, INTC was more interesting as all of the indicators show it will be going higher.... CAPL: Was always a buy/hold [for current on-going proper dividend capture]. Computer data shows 21.94 is the normal MktPrc for portfolio holders. Should see some forward momentum if it drifts lower as "Income Investors" will come back in as well as dollar cost averages [IMHO].... Live Long and Prosper....
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Post by acksurf on Nov 3, 2021 14:30:46 GMT
Continue to buy SCHD & VTI in tax advantaged accounts (my default buys). Reducing allocation to balanced funds (American Funds Balanced mostly) in retirement accounts increasing equity to around 80%-85%. I am about 40% equity in non-retirement accounts (own a lot of Vanguard Tax Managed Balanced) and still separately have about 20% in private placements. My 40% equity in non-retirement is mostly for the possibility of buying a property at some point in the next 5 years.
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Post by richardsok on Nov 3, 2021 16:55:43 GMT
Unloaded half my position in ASA for a 4% loss. The CEF is still bouncing around, seemingly at random, and I can find no rational reason to believe it will go up instead of down, ergo, no reason to own a full block. GLTR is no trader's prom queen but it at least forms somewhat recognizable trends at times. Put it on my watch list instead of ASA.
Bought a smallish opening position in PKO, now that it MAY have found support. IMO it's a candidate for POSSIBLE New Years rally.
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Post by fishingrod on Nov 3, 2021 20:34:51 GMT
Sold all my ORCL bought at 29.05 and sold at 96.057. Not many shares but enough for a small car. Not a Matchbook car Sold all my EXC bought at 39.00 and sold at 53.442, again not much but consolidating. Proceeds will go into VTMFX. Simple.
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Post by xray on Nov 4, 2021 10:14:39 GMT
@ richardsok My 10/20 post "ECC"
ECC hit a new MktPrc High of 14.59....
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Business Wire Eagle Point Credit Management Voted "Best U.S. CLO Equity Investor" in CreditFlux CLO Census 2021 Wed, November 3, 2021, 9:30 AM
ECC +1.25% ECCB +0.20% ECCC +0.08%
Eagle Point received nearly one-third of votes in a survey of 242 verified CLO industry experts
GREENWICH, Conn., November 03, 2021--(BUSINESS WIRE)--Eagle Point Credit Management LLC ("Eagle Point"), a specialist investment manager focused on investing in CLO securities, portfolio debt securities and other credit investments, was voted the "Best U.S. CLO Equity Investor" in a survey of 242 verified CLO investors, collateral managers, bankers, traders and service providers.
The survey was conducted in October by Creditflux, a leading global information source covering credit funds and CLOs. The findings were published in this year’s edition of the publication’s CLO Census report. Eagle Point received 30% of all votes among the 27 firms nominated in its category.
"Since our inception, Eagle Point has employed a differentiated and proactive approach to investing in CLO equity. We take a very long-term view and our partners in the market see the value we bring to each transaction," said Thomas Majewski, Managing Partner of Eagle Point. "We are proud that our peers have recognized our leadership so decisively and are grateful to our investors who place their trust in our ability to deliver results."
CreditFlux previously named Eagle Point Credit Company Inc. (NYSE: ECC) "Best Closed-End CLO Fund" at its Credit Symposium and Manager Awards earlier this year. This award category measured the change in value of eligible funds between January 2020 and March 2021.
About Eagle Point Credit Management Eagle Point Credit Management is a specialist investment manager focused on investing in CLO Securities, Portfolio Debt Securities and other credit investments.
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Comment: ECC has maintained a 10star rating for quite a while now. Current Report card grade remains at 100 [power rating 100] with a analysis scoring of +382 [need >+302] last week. ECC closed at the MktPrc high shown above.... Disclosure: Some of us continue to hold a low risk Phase #1position [2-4%] in ECC....
Live Long and Prosper....
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Post by rhythmmethod on Nov 4, 2021 15:14:15 GMT
With some recent gig income I’m adding to GOF, now at a complete exploratory position ~ 1%. I gotta spend this $ before my cannabis sommelier gives me that menu with over 50 options. A drummer with extra cash is a dangerous beast. Stay well.
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Post by xray on Nov 4, 2021 15:29:12 GMT
SRLP Qtrly: GlobeNewswire Sprague Resources LP Reports Third Quarter 2021 Results Thu, November 4, 2021, 6:00 AM
SRLP +2.05%
PORTSMOUTH, N.H., Nov. 04, 2021 (GLOBE NEWSWIRE) -- Sprague Resources LP (“Sprague”) (NYSE: SRLP) today reported its financial results for the third quarter ended September 30, 2021.
Third Quarter 2021 Highlights
Net sales were $665.5 million for the third quarter of 2021, compared to net sales of $390.5 million for the third quarter of 2020. GAAP net loss was $115.8 million for the third quarter of 2021, compared to net income of $9.7 million for the third quarter of 2020. Adjusted gross margin* was $57.9 million for the third quarter of 2021, compared to adjusted gross margin of $56.6 million for the third quarter of 2020. Adjusted EBITDA* was $18.4 million for the third quarter of 2021, compared to adjusted EBITDA of $20.2 million for the third quarter of 2020.
"Sprague's third quarter results showcase the resiliency of our diversified business model. Last year's strong third quarter results were driven by the carry structure in Refined Products, whereas this year's results highlighted the ability of our Natural Gas business to capture optimization opportunities resulting from volatility," said David Glendon, President and Chief Executive Officer.
Refined Products
Volumes in the Refined Products segment increased 11% to 273.0 million gallons in the third quarter of 2021, compared to 245.5 million gallons in the third quarter of 2020. Adjusted gross margin in the Refined Products segment decreased $7.2 million, or 18%, to $33.3 million in the third quarter of 2021, compared to $40.4 million in the third quarter of 2020. "Sales volumes have recovered from last year's pandemic-driven decline, however, the market has shifted from the attractive contango structure experienced last year," stated Mr. Glendon.
Natural Gas Natural Gas segment volumes decreased 2% to 10.2 million Bcf in the third quarter of 2021, compared to 10.4 million Bcf in the third quarter of 2020. Natural Gas adjusted gross margin increased $10.2 million, or 1727%, to $10.7 million for the third quarter of 2021, compared to $0.6 million for the third quarter of 2020. "Our Natural Gas business leveraged its logistical expertise in managing our asset portfolio to generate strong results, and we expect to see additional opportunities with ongoing supply tightness," added Mr. Glendon.
Materials Handling
Materials Handling adjusted gross margin decreased by $1.7 million, to $12.1 million for the third quarter of 2021, compared to $13.8 million for the third quarter of 2020. "Materials Handling decreased slightly due to the sale of our Oswego facility in the second quarter of 2021 and a reduction in tank leases at our Canadian operations," concluded Mr. Glendon.
Quarterly Distribution On October 25, 2021, the Board of Directors ("Board") of Sprague’s general partner, Sprague Resources GP LLC, announced a cash distribution of $0.4338 per unit for the quarter ended September 30, 2021. This represents a 35% reduction from the second quarter’s cash distribution of $0.6675 per unit. The distribution will be paid on November 10, 2021 to unitholders of record as of the close of business on November 5, 2021.
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Comment: Considered a "negative" Qtrly report and the MktPrc should go lower during the 4th Qtr.... Disclosure: Some of us continue to maintain a Phase #2 normal risk allocation position of [4-6%]... expect a good 4th Qtr [Heating and their diversified products] for any security in the "OIL" sector...
Live Long and Prosper....
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Post by richardsok on Nov 4, 2021 17:24:49 GMT
This morning added some to ADX. Technicals continue strong.
Just before yesterday close, I was concerned to still see no late rally in CAPL. Sold it before the close for about 1/4 the gains I would have had. Also unloaded remains of SRLP (loss) which I expect to re-buy after a month or so.
Surprised to see COP is looking tired, tho up a bit today. Holding tentatively for now.
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Post by cactusjack on Nov 4, 2021 21:08:04 GMT
Sold my COP at break even. Seems to be weakening more than other energy stocks.
Added a bit to PTY (appears to be coming off the lows) and SCHG (has been strong lately).
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Post by uncleharley on Nov 5, 2021 13:43:06 GMT
Sold my SILJ position for $13.18 per shr. Small loss on that one. Not sure what to do with the $$ so I will do nothing for now.
EDIT: It looks like i'll get whipsawed om this one.
EDIT; The whipsaw cost me 32 cents per share.
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Post by rhythmmethod on Nov 5, 2021 14:04:34 GMT
Reshuffling some of my Allocation Admirals. Moving some VWIAX to FMSDX in IRA. FMSDX is outperforming with modest added risk. I also like that its allocation is different from many of my other holdings. In other news, my abusive flirtation with BABA continues. I've been adding a few shares but my hands were in cuffs so I couldn't type. Actually, I think (hope) there is is some tax loss selling going on. It's a small bet but I'm not flying to Vegas yet so it'll have to do. Take care...
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Post by richardsok on Nov 5, 2021 14:18:35 GMT
Added again to QQH in the IRA; trend continues strong. In taxable accounts, bought new positions in HTY and in some PMX munis, as support evidently appears.
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