|
Post by xray on Nov 5, 2021 14:37:57 GMT
richardsok, Your CAPL sale: CAPL 20.02 +0.27 +1.39% You have to keep in mind that CAPL [after a Qtrly report, like any other security] normally declines as many "TRADERS" will be selling [after running it up PRE-Qtr].... Most of my securities that I talk about are for normally buy/hold situations [bought when considered to be undervalued].... Live Long and Prosper....
|
|
|
Post by fritzo489 on Nov 5, 2021 16:14:54 GMT
Added to TGINX It is close to 52 week low. Time will tell if this addition is + or -.
|
|
|
Post by richardsok on Nov 5, 2021 16:48:22 GMT
richardsok , Your CAPL sale: CAPL 20.02 +0.27 +1.39% You have to keep in mind that CAPL [after a Qtrly report, like any other security] normally declines as many "TRADERS" will be selling [after running it up PRE-Qtr].... Most of my securities that I talk about are for normally buy/hold situations [bought when considered to be undervalued].... Live Long and Prosper.... Oh, absolutely, X. We all expected the XD price fall-off -- but in this case, the plunge loss greatly exceeded the distribution and -- so far -- I see no meaningful rally. I am speculating I might be able to harvest a tax-loss and in about four wks, re-buy CAPL at approximately its present levels. If CAPL rallies strongly next week to recover, I lose. If shareholders feel stung and it lingers a while, I win. So far, so good. Not a recommendation, of course.
|
|
|
Post by cactusjack on Nov 5, 2021 18:56:41 GMT
Added to INTC. Wanted a bit more tech, and it seems to be rallying off a support level.
|
|
|
Post by xray on Nov 5, 2021 19:34:26 GMT
richardsok, Oh, absolutely, X. We all expected the XD price fall-off -- but in this case, the plunge loss greatly exceeded the distribution and -- so far -- I see no meaningful rally. I am speculating I might be able to harvest a tax-loss and in about four wks, re-buy CAPL at approximately its present levels. If CAPL rallies strongly next week to recover, I lose. If shareholders feel stung and it lingers a while, I win. So far, so good. Not a recommendation, of course. ---- I agree that CAPL dropped in excess of what some of us expected but.... Sometimes a large unexpected drop works in our favor. Some of us " NEVER" sell all of any security that we have in our portfolio's unless the numb3rs change turns negative. We always keep a numb3r of shares to our current "MktBuyPrc average for the next "CAPGAIN" play. We use our "RISK" [Rf] numb3rs to determine the amount of shares we should keep and the numb3r of shares we will use for our CapGain. Looking at the current Qtrly report [which was better than expected] and the travel bureau's demand [for Thanksgiving & Xmas], the next Qtr should be a great winner for CapGain [and collecting a current dividend of >9%]. We use our excel worksheets to determine what is under and over valued when considering the CapGain play yard.... Live Long and Prosper....
|
|
|
Post by xray on Nov 5, 2021 19:36:59 GMT
richardsok, Keep in mind that the last insider MktBuy for 21,000sh was a "GRANT AWARD" on 10/25 [hint to us that the upcoming Qtrly report had to be better than the last report].... Live Long and Prosper....
|
|
|
Post by Chahta on Nov 8, 2021 14:09:53 GMT
Added to NHMAX in addition to MMHAX I own. I am kinda into this HY muni thing more than earlier this year.
|
|
|
Post by rhythmmethod on Nov 8, 2021 15:53:07 GMT
As discussed elsewhere, I'm liquidating PHMIX to roll into VWALX except for 10% as an opening position to PDI. Yes, I expect the NAV of PDI and subsequent yield to likely drop. I'll then add more. I think (hope) PDI will be a decent long term income producer.
|
|
|
Post by Fearchar on Nov 8, 2021 16:08:10 GMT
Yes; PDI is worthy of consideration. I've done some back testing and it performs about as good as PIMIX. Was also looking over recent UNII and here is the latest:
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Nov 8, 2021 16:13:32 GMT
Putting 1% of PV in retirement account in PARWX (Parnassus Endeavor fund, Large US Value). Any better suggestions?
My last investment this year, unless market throws a bargain before year end. Now it is holiday time and will be back in January.
|
|
|
Post by Chahta on Nov 8, 2021 17:37:13 GMT
Putting 1% of PV in retirement account in PARWX (Parnassus Endeavor fund, Large US Value). Any better suggestions? My last investment this year, unless market throws a bargain before year end. Now it is holiday time and will be back in January. I use AKREX (LCG). No divs and only an occasional CG dist. Perfect for my taxable account. But it depends on what you need or want.
|
|
|
Post by anitya on Nov 8, 2021 17:50:09 GMT
As discussed elsewhere, I'm liquidating PHMIX to roll into VWAUX except for 10% as an opening position to PDI. Yes, I expect the NAV of PDI and subsequent yield to likely drop. I'll then add more. I think (hope) PDI will be a decent long term income producer. what is VWAUX?
|
|
|
Post by rhythmmethod on Nov 8, 2021 20:01:53 GMT
As discussed elsewhere, I'm liquidating PHMIX to roll into VWALX except for 10% as an opening position to PDI. Yes, I expect the NAV of PDI and subsequent yield to likely drop. I'll then add more. I think (hope) PDI will be a decent long term income producer. what is VWAUX? Sorry - VWALX - I corrected it on my post.
|
|
|
Post by richardsok on Nov 8, 2021 20:35:02 GMT
Before the close, bought a good size block of PDO, which was discussed over on the CEF thread.
|
|
|
Post by xray on Nov 9, 2021 9:38:59 GMT
CAPL Qrely GlobeNewswire CrossAmerica Partners LP Reports Third Quarter 2021 Results CrossAmerica Partners Mon, November 8, 2021, 4:15 PM
CAPL +2.11%
Reported Third Quarter 2021 Operating Income of $12.6 million and Net Income of $8.9 million compared to Operating Income of $23.7 million and Net Income of $21.2 million for the Third Quarter 2020
Generated Third Quarter 2021 Adjusted EBITDA of $35.9 million and Distributable Cash Flow of $30.4 million compared to Third Quarter 2020 Adjusted EBITDA of $30.0 million and Distributable Cash Flow of $29.7 million
Reported Third Quarter 2021 Gross Profit for the Wholesale Segment of $48.2 million compared to $42.8 million of Gross Profit for the Third Quarter 2020
Distributed 354.6 million wholesale fuel gallons during the Third Quarter 2021 at an average wholesale fuel margin per gallon of 9.6 cents compared to 327.4 million wholesale fuel gallons at an average wholesale fuel margin per gallon of 9.4 cents during the Third Quarter 2020, an increase of 8% in gallons distributed and an increase of 2% in margin per gallon
Reported Third Quarter 2021 Gross Profit for the Retail Segment of $27.9 million compared to $19.5 million of Gross Profit for the Third Quarter 2020
Retail segment sold 110.5 million retail fuel gallons during the Third Quarter 2021, including 49.4 million same store retail fuel gallons, a 14% increase compared to 43.2 million same store retail fuel gallons sold during the Third Quarter 2020
The Distribution Coverage Ratio was 1.53 times for the three months ended September 30, 2021 and 1.22 times for the trailing twelve months ended September 30, 2021
The Board of Directors of CrossAmerica’s General Partner declared a quarterly distribution of $0.5250 per limited partner unit attributable to the Third Quarter 2021. Through September 30, 2021, CrossAmerica had closed on 98 properties related to the previously announced acquisition of 106 convenience store properties from 7-Eleven, Inc.
Allentown, PA November 8, 2021 – CrossAmerica Partners LP (NYSE: CAPL) (“CrossAmerica” or the “Partnership”), a leading wholesale fuels distributor, convenience store operator, and owner and lessor of real estate used in the retail distribution of motor fuels, today reported financial results for the third quarter ended September 30, 2021.
----------
Live Long and Prosper....
|
|
|
Post by richardsok on Nov 9, 2021 20:39:26 GMT
Took gains on half my position in QQH on earliest tentative exhaustion signal. Still believe mkt is on a bullish trajectory and still hold a lot of equity..... but am watching. Added to PHK instead.
|
|
|
Post by Fearchar on Nov 9, 2021 22:49:21 GMT
Sold VIG and some VONG and bought IYW.
These are all similar funds, but IYW is actually managed and has been appreciating better lately.
|
|
|
Post by uncleharley on Nov 10, 2021 14:56:03 GMT
I opened a position in my IRA for SILJ this morning using some excess dividends.
|
|
|
Post by fritzo489 on Nov 10, 2021 16:44:36 GMT
Good luck . You may be late. Time will tell.
|
|
|
Post by xray on Nov 10, 2021 16:56:49 GMT
richardsok, SRLP Insider Buying Appears we may have reached a "LOW" on SRLP when insider action is observed. Insider bought 9,000sh of SRLP @ 16.25 on 11/10. MktPrc is expected to follow as investors become aware [IMHO].... Live Long and Prosper....
|
|
|
Post by cactusjack on Nov 10, 2021 20:29:26 GMT
Sold some (20%) of my last purchased ENB for a modest profit. Just a little protection in case the "crack" administration decides to shut down the great lakes pipeline. Doing that would be like playing Russian roulette with a full cylinder, but who can say these days.
Proceeds used adding to PCN position and an entry into KMI after its recent 10% drop.
|
|
|
Post by richardsok on Nov 11, 2021 15:06:55 GMT
Used this morning's opening uptick to unload remaining large block of QQH and some more LGLV. Good gains. Added to existing position in GNT (energy & gold). Also moved 1% of port value into protective hedge PSQ -- on earliest tentative buy hints in my technicals.
My take: fear that inflation numbers will compel the Fed to raise interest rates earlier and somewhat more aggressively than they had intended. Of course, with our massive debt overhang, they are constrained how much interest rates can actually climb. Nevertheless the mere perception of ugly raises ahead could be enough to spook the market.
TSLA has a PE ratio of 332. When all the algorithms and dumb money rush for the exits in unison, it might be interesting, but not pretty.
(Thanks, X. Am watching SRLP, as well as the other usual suspects. Not tempted to act on my PCN-PTY-PCI theory.) Trends are weak. Still nosing about, though.)
|
|
|
Post by cactusjack on Nov 11, 2021 16:39:28 GMT
Sold all my SFL on today's spike for very nice profit. Just too nice a jump to not take a few chips off the table.
|
|
|
Post by rhythmmethod on Nov 11, 2021 20:13:51 GMT
Bot a little income in the form of PTY @18.00 and PDI @26.70. Lowering CB in each by a little.
|
|
|
Post by rhythmmethod on Nov 15, 2021 15:23:20 GMT
Liquidated the last of my FBALX. It's a fine fund but redundant in my PF. I will split between FMSDX (which seems to be a good counterweight to my LCG bias, and PRWAX which seems like a pretty good multi cap growth fund.) I'll keep a little cash out for Buddha.
|
|
|
Post by yogibearbull on Nov 15, 2021 15:32:23 GMT
PRWAX was featured in Barron's this week.
|
|
|
Post by uncleharley on Nov 15, 2021 17:50:59 GMT
In my trading account I sold my kmi position this morning. I used the proceeds to add to my SILJ position. KMI has paid its qtrly dividend and looks a little flat over the short term. SILJ has some explosive short term potential. JMHO
|
|
|
Post by rhythmmethod on Nov 15, 2021 18:09:15 GMT
PRWAX was featured in Barron's this week. Thanks 🙏 I saw your mention of it and then read the article!
|
|
|
Post by richardsok on Nov 16, 2021 17:03:44 GMT
Added yet again to ADX; also bought a second block of GNT. -----------
Interesting article over on Zerohedge. Evidently Michael Burry has thrown in the towel and has closed out most of his shorts and puts. You will recall he had enormous short positions against TSLA and against Kathie Wood's techy ETFs.
"Burry appeared to have nuked his portfolio in Q3 when out of 22 total positions (including options) at the end of Q2, the former doctor had just 6 holdings, all long stocks (of course, he may well hold shorts but Burry is best known for leveraging up aggressively by buying calls and puts, both of which he has to report, and this quarter there were none)."
|
|
|
Post by xray on Nov 16, 2021 20:49:46 GMT
richardsok, Business Wire Eagle Point Credit Company Inc. Announces Third Quarter 2021 Financial Results and Special Distribution to Common StockholdersTue, November 16, 2021, 8:00 AM ECC +2.88% ECCB -0.28% ECCC -0.10% GREENWICH, Conn., November 16, 2021--(BUSINESS WIRE)--Eagle Point Credit Company Inc. (the "Company") (NYSE: ECC, ECCB, ECCC, ECCW, ECCX, ECCY) today announced financial results for the quarter ended September 30, 2021, net asset value ("NAV") as of September 30, 2021, a special distribution for common stockholders and certain additional activity through October 31, 2021.THIRD QUARTER 2021 HIGHLIGHTSNet investment income ("NII") and realized capital gains of $0.39 per weighted average common share1 for the third quarter.NAV per common share of $13.98 as of September 30, 2021, up 8% from $12.97 as of June 30, 2021.Third quarter GAAP net income (inclusive of unrealized mark-to-market gains) of $47.2 million, or $1.35 per weighted average common share. Weighted average effective yield of the Company’s collateralized loan obligation ("CLO") equity portfolio (excluding called CLOs), based on amortized cost, was 16.35% as of September 30, 2021. Weighted average expected yield of the Company’s CLO equity portfolio (excluding called CLOs), based on fair market value, was 17.84% as of September 30, 20212. Deployed $68.8 million in net capital into CLO equity and debt investments and received $43.2 million in recurring cash distributions3 from the Company’s investment portfolio. Company’s CLO equity positions were reset and 2 of the Company’s CLO equity positions were refinanced. Issued 746,061 shares of common stock and 435,612 shares of Series C Term Preferred Stock, pursuant to the Company’s "at-the-market" offering program, for total net proceeds of approximately $20.9 million. SUBSEQUENT EVENTSNAV per common share is estimated to be between $14.23 and $14.33 as of October 31, 2021. At the midpoint of the range, this represents an increase of 2% from September 30.Received $42.2 million of recurring cash distributions from the Company’s investment portfolio during October. Deployed $16.6 million in net capital into CLO equity and debt investments during October. Issued 559,287 shares of common stock and 157,100 shares of Series C Term Preferred Stock, pursuant to the Company’s "at-the-market" offering program, for total net proceeds of approximately $11.7 million during October. Declared a special distribution to common stockholders of $0.50 per share.THIRD QUARTER 2021 RESULTSThe Company’s NII and realized capital gains for the quarter ended September 30, 2021 was $0.39 per weighted average common share. This compared to $0.32 of NII and realized capital gains per weighted average common share for the quarter ended June 30, 2021, and $0.23 of NII and realized capital losses per weighted average common share for the quarter ended September 30, 2020. For the quarter ended September 30, 2021, the Company recorded GAAP net income of $47.2 million, or $1.35 per weighted average common share. Net income was comprised of total investment income of $24.3 million, total net unrealized appreciation (or unrealized mark-to-market gains in the value of the Company’s investments and certain liabilities at fair value) of $33.5 million and realized capital gains of $0.6 million, partially offset by expenses of $11.2 million. NAV as of September 30, 2021 was $493.6 million, or $13.98 per common share, which is $1.01 per common share higher than the Company’s NAV as of June 30, 2021, and $5.53 per common share higher than the Company’s NAV as of September 30, 2020.During the quarter ended September 30, 2021, the Company deployed $68.8 million in net capital into CLO equity and debt investments, and converted 3 loan accumulation facilities into CLOs. The weighted average effective yield of new CLO equity investments made by the Company during the quarter, which includes a provision for credit losses, was 18.1% as measured at the time of investment. During the quarter ended September 30, 2021, the Company received $43.2 million of recurring cash distributions from its investment portfolio, or $1.23 per weighted average common share, which was well in excess of the Company’s aggregate distributions on its common stock and operating costs for the quarter. During the quarter ended September 30, 2021, Company’s CLO equity investments were reset and 2 of the Company’s CLO equity investments were refinanced. As of September 30, 2021, based on amortized cost, the weighted average effective yield on the Company’s CLO equity portfolio (excluding called CLOs) was 16.35%, compared to 14.98% as of June 30, 2021 and 11.48% as of September 30, 2020.Pursuant to the Company’s "at-the-market" offering, the Company sold 746,061 shares of common stock and 435,612 shares of Series C Term Preferred Stock during the third quarter for total net proceeds to the Company of approximately $20.9 million. DISTRIBUTIONSThe Company paid a monthly distribution of $0.12 per common share on October 29, 2021 to stockholders of record as of October 12, 2021. Additionally, and as previously announced, the Company declared distributions of $0.12 per share of common stock payable on November 30, 2021, December 31, 2021, January 31, 2022, February 28, 2022 and March 31, 2022 to stockholders of record as of November 10, 2021, December 13, 2021, January 11, 2022, February 8, 2022 and March 11, 2022, respectively. The ability of the Company to declare and pay distributions is subject to a number of factors, including the Company’s results of operations.The Company paid a monthly distribution of $0.161459 per share of the Company’s Series B Term Preferred Stock due 2026 (NYSE: ECCB) on October 29, 2021, to stockholders of record as of October 12, 2021. The distribution represented a 7.75% annualized rate, based on the $25 liquidation preference per share for the Series B Term Preferred Stock. Additionally, and as previously announced, the Company declared distributions of $0.161459 per share on its Series B Term Preferred Stock, payable on each of November 30, 2021, December 31, 2021, January 31, 2022, February 28, 2022 and March 31, 2022 to stockholders of record as of November 10, 2021, December 13, 2021, January 11, 2022, February 8, 2022 and March 11, 2022, respectively. The Company paid a distribution of $0.135417 per share of the Company’s Series C Term Preferred Stock due 2026 (NYSE: ECCC) on October 29, 2021, to stockholders of record as of October 12, 2021. The distribution represented a 6.50% annualized rate, based on the $25 liquidation preference per share for the Series C Term Preferred Stock. Additionally, and as previously announced, the Company declared distributions of $0.135417 per share on its Series C Term Preferred Stock, payable on each of November 30, 2021, December 31, 2021, January 31, 2022, February 28, 2022 and March 31, 2022 to stockholders of record as of November 10, 2021, December 13, 2021, January 11, 2022, February 8, 2022 and March 11, 2022, respectively. Distributions on stock are generally paid from net investment income (regular interest and dividends) and may also include capital gains and/or a return of capital. The specific tax characteristics of the distributions will be reported to the Company’s stockholders on Form 1099 after the end of the calendar year. SPECIAL DISTRIBUTIONThe Company today declared a special distribution of $0.50 per share of common stock payable on January 24, 2022 to stockholders of record on December 23, 2021.Record Date Payable Date Amount per common share December 23, 2021 January 24, 2022 $0.50Upon finalization of the Company’s 2021 taxable income and based on current estimates, the Company expects to declare one or more additional special distributions during 2022. CONFERENCE CALLThe Company will host a conference call at 10:00 a.m. (Eastern Time) today to discuss the Company’s financial results for the quarter ended September 30, 2021, as well as a portfolio update. All interested parties may participate in the conference call by dialing (877) 407-0789 (toll-free) or (201) 689-8562 (international), and referencing Conference ID 13724067 approximately 10 to 15 minutes prior to the call. ---------- Comment: As expected, a very good Qtr..... Disclosure: No change from last position taken.... Live Long and Prosper.... Attachments:
|
|