‘Waiting for the perfect moment may not be the best strategy
Jun 17, 2023 20:14:42 GMT
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Post by xray on Jun 17, 2023 20:14:42 GMT
Chahta,steelpony10,uncleharley,richardsok,retiredat48,bb2,
Looking at my current analysis data this morning, the following securities (and CEF's) stand out for portfolio enclosure (if not already there):
1... GLP +585 ... Dividend: 8.13% ... MktPrc 30.73 (COB Friday):
Description
Global Partners LP engages in the purchasing, selling, gathering, blending, storing, and logistics of transporting gasoline and gasoline blendstocks, distillates, residual oil, renewable fuels, crude oil, and propane to wholesalers, retailers, and commercial customers in the New England states, Mid-Atlantic region, and New York. It is also involved in the transportation of petroleum products and renewable fuels through rail from the mid-continent region of the United States and Canada. The company's Wholesale segment sells home heating oil, branded and unbranded gasoline and gasoline blendstocks, diesel, kerosene, and residual oil, and propane to home heating oil retailers and wholesale distributors. This segment also aggregates crude oil through truck or pipeline in the mid-continent region of the United States and Canada, as well as transports it through rail and ships it through barge to refiners. Its Gasoline Distribution and Station Operations segment sells branded and unbranded gasoline to gasoline station operators and sub-jobbers; operates gasoline stations and convenience stores; and provides car wash, lottery, and ATM services, as well as leases gasoline stations. The company's Commercial segment sells and delivers unbranded gasoline, home heating oil, diesel, kerosene, residual oil, and bunker fuel to customers in the public sector, as well as to commercial and industrial end-users; and sells custom blended fuels. As of December 31, 2022, it had a portfolio of 1,673 owned, leased, and supplied gasoline stations, which included 353 directly operated convenience stores; and owned, leased, or maintained storage facilities at 24 bulk terminals with a collective storage capacity of 10 million barrels. The company serves as the general partner of the company. Global Partners LP was incorporated in 2005 and is based in Waltham, Massachusetts.
additional information:
Zacks
Are Investors Undervaluing Global Partners (GLP) Right Now?
Zacks Equity Research
June 6, 2023
While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.
Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system's "Value" category. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment.
Global Partners (GLP) is a stock many investors are watching right now. GLP is currently sporting a Zacks Rank of #1 (Strong Buy), as well as an A grade for Value. The stock has a Forward P/E ratio of 8.83. This compares to its industry's average Forward P/E of 9.38. Over the last 12 months, GLP's Forward P/E has been as high as 12.03 and as low as 3.25, with a median of 8.97.
Investors should also recognize that GLP has a P/B ratio of 1.65. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. This stock's P/B looks solid versus its industry's average P/B of 3.17. Over the past year, GLP's P/B has been as high as 2.60 and as low as 1.37, with a median of 1.74.
Finally, we should also recognize that GLP has a P/CF ratio of 2.22. This metric takes into account a company's operating cash flow and can be used to find stocks that are undervalued based on their solid cash outlook. GLP's current P/CF looks attractive when compared to its industry's average P/CF of 5.70. Within the past 12 months, GLP's P/CF has been as high as 5.10 and as low as 1.97, with a median of 2.49.
2... LGI +212 ... Dividend: 7.45% ... NAV 17.55 MktPrc 15.55 @ major discount(COB Friday):
Closed-end fund
Description
Lazard Global Total Return and Income Fund, Inc. is a closed ended balanced mutual fund launched and managed by Lazard Asset Management LLC. It invests in public equity and fixed income markets across the globe. The fund primarily invests in stocks of companies with market capitalization over $5 billion. It makes its fixed income investments in short duration market forward currency contracts and other market debt instruments. The fund typically employs fundamental analysis with a bottom-up stock picking approach using its global equity strategy and emerging income strategy to create its portfolio. It considers factors like financial condition, cash flows, strong balance sheets, sustainability of returns, quality of management, competitive position, sensitivity to economic and market cycles, margin and sales trends, brand name strength, geographical breakdown, and macro environment for selecting individual securities. The fund benchmarks the performance of its portfolio against the MSCI World Index. Lazard Global Total Return and Income Fund, Inc. was formed on January 27, 2004 and is domiciled in the United States.
3... RVT +124 ... Dividend: 8.33% ... NAV 15.49 MktPrc 13.65 @ major discount (COB Friday):
Closed-end fund
Description
Royce Value Trust Inc. is a close ended equity mutual fund launched and managed by Royce & Associates, LLC. It invests in the public equity markets of the United States. The fund spreads its investments across diversified sectors. It invests in value oriented stocks of small cap and micro cap companies. The fund benchmarks the performance of its portfolio against the Russell 2000 Index. Royce Value Trust Inc. was formed on July 1, 1986 and is domiciled in the United States.
4... OPP +99 ... Dividend: 14.64% ... NAV 9.59 MktPrc 8.35 @ discount (COB Friday):
Closed-end fund
Description
RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. is a closed ended fixed income mutual fund launched and managed by RiverNorth Capital Management, LLC. The fund is co-managed by DoubleLine Capital LP. It invests in fixed income markets. The fund seeks to benchmark the performance of its portfolio against the Barclays Capital U.S. Aggregate Bond Index. RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. was formed on December 30, 2010 and is domiciled in the United States.
additional information:
Business Wire
RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. Announces Final Results of Rights Offering
September 27, 2022
WEST PALM BEACH, Fla., September 27, 2022--(BUSINESS WIRE)--RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (the "Fund") (NYSE: OPP) today announced the final results of its transferable rights offering (the "Offering"). The Fund will issue a total of 3,508,633 new shares of common stock as a result of the Offering, which closed on September 23, 2022 (the "Expiration Date").
The subscription price of $9.70 per share in the Offering was established on the Expiration Date based on a formula equal to 92.5% of the reported net asset value. Gross proceeds received by the Fund, before any expenses of the Offering, are expected to total approximately $34.0 million.
5... RITM +76 ... Dividend: 10.70% ... MktPrc 9.30 (COB Friday):
Book Value: 11.67 (3/30/23)
Description
Rithm Capital Corp. operates as an investment manager that operates a vertically integrated mortgage platform and invests in real estate and related properties in the United States and Europe. The company provides capital and services to the real estate and financial services sectors. Its investment portfolio comprises mortgage servicing related assets, residential securities and loans, and single-family rental loans. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was formerly known as New Residential Investment Corp. and changed its name to Rithm Capital Corp. in August 2022. Rithm Capital Corp. was incorporated in 2011 and is headquartered in New York, New York.
additional information:
InvestorPlace
REITs With Major Upside Potential in 2023
Noah Bolton
May 27, 2023
Real Estate Investment Trusts (REITs) own, operate, and finance real estate properties such as healthcare facilities, apartment complexes, hotels, and offices. One of the most important factors to consider when assessing REITs is their dividend ratio. You may have looked at various REIT stocks and wondered why are their dividend payouts so high. It is because every company that files as a REIT is legally required to distribute 90% of its taxable income to shareholders through dividend payments.
There are typically two types of REITs. There’s the Equity REIT, which focuses on owning real estate properties. And the other is a mortgage REIT, which owns real estate mortgages.
REITs provide investors with exposure to real estate in a much more accessible way than outright owing properties. Notably, these trusts also come with excellent dividend payout ratios, usually in the range of 35%-60%. With that said, let’s look at three of the best options to buy right now.
RITM
Rithm Capital
$8.17
Rithm Capital (NYSE:RITM) is a mortgage servicing rights (MSRs) company. Mortgage servicing rights are obtained when the original mortgage lender for a real estate property sells the mortgage to another financial institution, such as with Rithm. Accordingly, a company like Rithm will then handle all of the administrative duties, such as processing payments for a fee provided by the original lender.
On May 4, the company released its first quarter earnings, reporting earnings per share of $0.14 per share and revenue growth of 3%.
One of the significant advantages of MSRs is that they become more profitable in the interest rate environment we are in at the moment due to longer mortgage length. With higher interest rates, mortgage holders are less-likely to prepay their mortgage. That makes certain mortgages less risky, when considering early prepayment risk.
6... GPP +75 ... Dividend: 13.84% ... MktPrc 13.12 (COB Friday):
Insider selling earlier between 12.20-13.03
Description
Green Plains Partners LP provides fuel storage and transportation services in the United States. The company acquires, owns, develops, and operates ethanol and fuel storage facilities, terminals, transportation assets, and other related assets and businesses. It also owns and operates a fleet of 19 trucks and tankers for transportation of ethanol and other products. The company was incorporated in 2015 and is headquartered in Omaha, Nebraska.
additional information:
Simply Wall St.
Green Plains (NASDAQ:GPRE) delivers shareholders impressive 47% CAGR over 3 years, surging 4.2% in the last week alone
Simply Wall St
Thu, June 15, 2023, 7:55 AM EDT
The worst result, after buying shares in a company (assuming no leverage), would be if you lose all the money you put in. But if you buy shares in a really great company, you can more than double your money. To wit, the Green Plains Inc. (NASDAQ:GPRE) share price has flown 220% in the last three years. That sort of return is as solid as granite. In more good news, the share price has risen 12% in thirty days. But this could be related to good market conditions -- stocks in its market are up 6.8% in the last month.
Since it's been a strong week for Green Plains shareholders, let's have a look at trend of the longer term fundamentals.
View our latest analysis for Green Plains
Because Green Plains made a loss in the last twelve months, we think the market is probably more focussed on revenue and revenue growth, at least for now. When a company doesn't make profits, we'd generally expect to see good revenue growth. That's because fast revenue growth can be easily extrapolated to forecast profits, often of considerable size.
In the last 3 years Green Plains saw its revenue grow at 21% per year. That's well above most pre-profit companies. Meanwhile, the share price performance has been pretty solid at 47% compound over three years. This suggests the market has recognized the progress the business has made, at least to a significant degree. That's not to say we think the share price is too high. In fact, it might be worth keeping an eye on this one.
You can see how earnings and revenue have changed over time in the image below (click on the chart to see the exact values).
earnings-and-revenue-growth
We consider it positive that insiders have made significant purchases in the last year. Having said that, most people consider earnings and revenue growth trends to be a more meaningful guide to the business. So we recommend checking out this free report showing consensus forecasts
A Different Perspective
Green Plains shareholders gained a total return of 6.3% during the year. But that return falls short of the market. On the bright side, the longer term returns (running at about 11% a year, over half a decade) look better. It may well be that this is a business worth popping on the watching, given the continuing positive reception, over time, from the market. I find it very interesting to look at share price over the long term as a proxy for business performance
---------
Comment: Some income investors have held these particular securities for a while now and lower MktPrc's can be seen in any down market cycle. All of the above securities were paying >10% in dividend or distribution at time of initial analysis (and may do so again if/when any investor panic sets in)....
Live Long and Prosper....
Looking at my current analysis data this morning, the following securities (and CEF's) stand out for portfolio enclosure (if not already there):
1... GLP +585 ... Dividend: 8.13% ... MktPrc 30.73 (COB Friday):
Description
Global Partners LP engages in the purchasing, selling, gathering, blending, storing, and logistics of transporting gasoline and gasoline blendstocks, distillates, residual oil, renewable fuels, crude oil, and propane to wholesalers, retailers, and commercial customers in the New England states, Mid-Atlantic region, and New York. It is also involved in the transportation of petroleum products and renewable fuels through rail from the mid-continent region of the United States and Canada. The company's Wholesale segment sells home heating oil, branded and unbranded gasoline and gasoline blendstocks, diesel, kerosene, and residual oil, and propane to home heating oil retailers and wholesale distributors. This segment also aggregates crude oil through truck or pipeline in the mid-continent region of the United States and Canada, as well as transports it through rail and ships it through barge to refiners. Its Gasoline Distribution and Station Operations segment sells branded and unbranded gasoline to gasoline station operators and sub-jobbers; operates gasoline stations and convenience stores; and provides car wash, lottery, and ATM services, as well as leases gasoline stations. The company's Commercial segment sells and delivers unbranded gasoline, home heating oil, diesel, kerosene, residual oil, and bunker fuel to customers in the public sector, as well as to commercial and industrial end-users; and sells custom blended fuels. As of December 31, 2022, it had a portfolio of 1,673 owned, leased, and supplied gasoline stations, which included 353 directly operated convenience stores; and owned, leased, or maintained storage facilities at 24 bulk terminals with a collective storage capacity of 10 million barrels. The company serves as the general partner of the company. Global Partners LP was incorporated in 2005 and is based in Waltham, Massachusetts.
additional information:
Zacks
Are Investors Undervaluing Global Partners (GLP) Right Now?
Zacks Equity Research
June 6, 2023
While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.
Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system's "Value" category. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment.
Global Partners (GLP) is a stock many investors are watching right now. GLP is currently sporting a Zacks Rank of #1 (Strong Buy), as well as an A grade for Value. The stock has a Forward P/E ratio of 8.83. This compares to its industry's average Forward P/E of 9.38. Over the last 12 months, GLP's Forward P/E has been as high as 12.03 and as low as 3.25, with a median of 8.97.
Investors should also recognize that GLP has a P/B ratio of 1.65. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. This stock's P/B looks solid versus its industry's average P/B of 3.17. Over the past year, GLP's P/B has been as high as 2.60 and as low as 1.37, with a median of 1.74.
Finally, we should also recognize that GLP has a P/CF ratio of 2.22. This metric takes into account a company's operating cash flow and can be used to find stocks that are undervalued based on their solid cash outlook. GLP's current P/CF looks attractive when compared to its industry's average P/CF of 5.70. Within the past 12 months, GLP's P/CF has been as high as 5.10 and as low as 1.97, with a median of 2.49.
2... LGI +212 ... Dividend: 7.45% ... NAV 17.55 MktPrc 15.55 @ major discount(COB Friday):
Closed-end fund
Description
Lazard Global Total Return and Income Fund, Inc. is a closed ended balanced mutual fund launched and managed by Lazard Asset Management LLC. It invests in public equity and fixed income markets across the globe. The fund primarily invests in stocks of companies with market capitalization over $5 billion. It makes its fixed income investments in short duration market forward currency contracts and other market debt instruments. The fund typically employs fundamental analysis with a bottom-up stock picking approach using its global equity strategy and emerging income strategy to create its portfolio. It considers factors like financial condition, cash flows, strong balance sheets, sustainability of returns, quality of management, competitive position, sensitivity to economic and market cycles, margin and sales trends, brand name strength, geographical breakdown, and macro environment for selecting individual securities. The fund benchmarks the performance of its portfolio against the MSCI World Index. Lazard Global Total Return and Income Fund, Inc. was formed on January 27, 2004 and is domiciled in the United States.
3... RVT +124 ... Dividend: 8.33% ... NAV 15.49 MktPrc 13.65 @ major discount (COB Friday):
Closed-end fund
Description
Royce Value Trust Inc. is a close ended equity mutual fund launched and managed by Royce & Associates, LLC. It invests in the public equity markets of the United States. The fund spreads its investments across diversified sectors. It invests in value oriented stocks of small cap and micro cap companies. The fund benchmarks the performance of its portfolio against the Russell 2000 Index. Royce Value Trust Inc. was formed on July 1, 1986 and is domiciled in the United States.
4... OPP +99 ... Dividend: 14.64% ... NAV 9.59 MktPrc 8.35 @ discount (COB Friday):
Closed-end fund
Description
RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. is a closed ended fixed income mutual fund launched and managed by RiverNorth Capital Management, LLC. The fund is co-managed by DoubleLine Capital LP. It invests in fixed income markets. The fund seeks to benchmark the performance of its portfolio against the Barclays Capital U.S. Aggregate Bond Index. RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. was formed on December 30, 2010 and is domiciled in the United States.
additional information:
Business Wire
RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. Announces Final Results of Rights Offering
September 27, 2022
WEST PALM BEACH, Fla., September 27, 2022--(BUSINESS WIRE)--RiverNorth/DoubleLine Strategic Opportunity Fund, Inc. (the "Fund") (NYSE: OPP) today announced the final results of its transferable rights offering (the "Offering"). The Fund will issue a total of 3,508,633 new shares of common stock as a result of the Offering, which closed on September 23, 2022 (the "Expiration Date").
The subscription price of $9.70 per share in the Offering was established on the Expiration Date based on a formula equal to 92.5% of the reported net asset value. Gross proceeds received by the Fund, before any expenses of the Offering, are expected to total approximately $34.0 million.
5... RITM +76 ... Dividend: 10.70% ... MktPrc 9.30 (COB Friday):
Book Value: 11.67 (3/30/23)
Description
Rithm Capital Corp. operates as an investment manager that operates a vertically integrated mortgage platform and invests in real estate and related properties in the United States and Europe. The company provides capital and services to the real estate and financial services sectors. Its investment portfolio comprises mortgage servicing related assets, residential securities and loans, and single-family rental loans. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was formerly known as New Residential Investment Corp. and changed its name to Rithm Capital Corp. in August 2022. Rithm Capital Corp. was incorporated in 2011 and is headquartered in New York, New York.
additional information:
InvestorPlace
REITs With Major Upside Potential in 2023
Noah Bolton
May 27, 2023
Real Estate Investment Trusts (REITs) own, operate, and finance real estate properties such as healthcare facilities, apartment complexes, hotels, and offices. One of the most important factors to consider when assessing REITs is their dividend ratio. You may have looked at various REIT stocks and wondered why are their dividend payouts so high. It is because every company that files as a REIT is legally required to distribute 90% of its taxable income to shareholders through dividend payments.
There are typically two types of REITs. There’s the Equity REIT, which focuses on owning real estate properties. And the other is a mortgage REIT, which owns real estate mortgages.
REITs provide investors with exposure to real estate in a much more accessible way than outright owing properties. Notably, these trusts also come with excellent dividend payout ratios, usually in the range of 35%-60%. With that said, let’s look at three of the best options to buy right now.
RITM
Rithm Capital
$8.17
Rithm Capital (NYSE:RITM) is a mortgage servicing rights (MSRs) company. Mortgage servicing rights are obtained when the original mortgage lender for a real estate property sells the mortgage to another financial institution, such as with Rithm. Accordingly, a company like Rithm will then handle all of the administrative duties, such as processing payments for a fee provided by the original lender.
On May 4, the company released its first quarter earnings, reporting earnings per share of $0.14 per share and revenue growth of 3%.
One of the significant advantages of MSRs is that they become more profitable in the interest rate environment we are in at the moment due to longer mortgage length. With higher interest rates, mortgage holders are less-likely to prepay their mortgage. That makes certain mortgages less risky, when considering early prepayment risk.
6... GPP +75 ... Dividend: 13.84% ... MktPrc 13.12 (COB Friday):
Insider selling earlier between 12.20-13.03
Description
Green Plains Partners LP provides fuel storage and transportation services in the United States. The company acquires, owns, develops, and operates ethanol and fuel storage facilities, terminals, transportation assets, and other related assets and businesses. It also owns and operates a fleet of 19 trucks and tankers for transportation of ethanol and other products. The company was incorporated in 2015 and is headquartered in Omaha, Nebraska.
additional information:
Simply Wall St.
Green Plains (NASDAQ:GPRE) delivers shareholders impressive 47% CAGR over 3 years, surging 4.2% in the last week alone
Simply Wall St
Thu, June 15, 2023, 7:55 AM EDT
The worst result, after buying shares in a company (assuming no leverage), would be if you lose all the money you put in. But if you buy shares in a really great company, you can more than double your money. To wit, the Green Plains Inc. (NASDAQ:GPRE) share price has flown 220% in the last three years. That sort of return is as solid as granite. In more good news, the share price has risen 12% in thirty days. But this could be related to good market conditions -- stocks in its market are up 6.8% in the last month.
Since it's been a strong week for Green Plains shareholders, let's have a look at trend of the longer term fundamentals.
View our latest analysis for Green Plains
Because Green Plains made a loss in the last twelve months, we think the market is probably more focussed on revenue and revenue growth, at least for now. When a company doesn't make profits, we'd generally expect to see good revenue growth. That's because fast revenue growth can be easily extrapolated to forecast profits, often of considerable size.
In the last 3 years Green Plains saw its revenue grow at 21% per year. That's well above most pre-profit companies. Meanwhile, the share price performance has been pretty solid at 47% compound over three years. This suggests the market has recognized the progress the business has made, at least to a significant degree. That's not to say we think the share price is too high. In fact, it might be worth keeping an eye on this one.
You can see how earnings and revenue have changed over time in the image below (click on the chart to see the exact values).
earnings-and-revenue-growth
We consider it positive that insiders have made significant purchases in the last year. Having said that, most people consider earnings and revenue growth trends to be a more meaningful guide to the business. So we recommend checking out this free report showing consensus forecasts
A Different Perspective
Green Plains shareholders gained a total return of 6.3% during the year. But that return falls short of the market. On the bright side, the longer term returns (running at about 11% a year, over half a decade) look better. It may well be that this is a business worth popping on the watching, given the continuing positive reception, over time, from the market. I find it very interesting to look at share price over the long term as a proxy for business performance
---------
Comment: Some income investors have held these particular securities for a while now and lower MktPrc's can be seen in any down market cycle. All of the above securities were paying >10% in dividend or distribution at time of initial analysis (and may do so again if/when any investor panic sets in)....
Live Long and Prosper....