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4/25/2024
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NTDOY/NTDOF – Nintendo has no debt. As no one is in front of the common would equate it as a bond equivalent. Recent earnings show a post covid slowdown in hardware/software purchases. Given return to previous 5yr trend growth 6-7% with 1.5% buyback this is looking cheaper than BABA levels.
Even when you take all alternative revenue streams and just zero them out to simplify it still looks grossly cheap. Is the market expecting a gaming winter post covid.
Will be initiating a position and forgetting about it for 10yrs.
Interesting idea. Any idea what happened on Tuesday? Single-day crater, then right back to where it had been (week chart looks like a gap-tooth smile).
On Aug. 5 Nintendo released Q3 earnings which fell by 7% vs Q2. Dividend is variable based on 33% of consolidated operating profit of the six-month period by the total number of outstanding shares.
So you have 2 things hitting at once but a 14% drop on an already inexpensive stock due to 7% Q on Q revenue decline seems excessive.
Management also provided conservative guidance that revenue post covid would contract.
In comparing market competitors that have debt:
Nintendo 12 P/E
Activision Blizzard (ATVI) 28.33 P/E
Take-Two Interactive Software, Inc. (TTWO) 31.50 P/E
Electronic Arts Inc. (EA) 34.28 P/E
Tencent Holdings Limited (TCEHY) 21.46 P/E
My conundrum Nintendo either is more cyclical than a chemical producers and riskier than Chinese companies or their competitors are priced for perfection.
Household name that I have never looked at. One is the ADR I gather and the other an OTC ticker. Is one better than other and what accounts for the price difference?
Thanks.
one is an adr one is an ordinary share. 8 ADR’s make one ordinary
ty.
At TDA, the ADR shares show a dividend. The ordinary do not. Does one pay and the other does not, or is that just an oversight on TDA?
Generally speaking, is one share class better than the other? I have watched Vestas Wind Systems (VWSYF / VWDRY) for a long time and they have a similar setup, although both show a dividend. ADR shares play at a slight discount to the ordinary and dividend is less.
How could the ADR pay a dividend if the underlying shares do not? It is a flow through security after the depository takes its cut. Liquidity, taxation etc are all considerations when choosing one over the other
Good question mcg. Fidelity and TDA both show the last dividend paid on the ordinary shares back in 2018.
I guess I need to do a little more research. Nintendo.com does not have an investor relations page and Nintendo Japan is written in Japanese….
They paid their last dividend 6/31/2021
I have traded this many times over the years but recently stopped out and locked profits in low/mid $70’s on Nintendo. Couple quick caveats:
*Dividend is paid once a year and who knows what it will effectively be. So the current 4.34% I see populating on many platforms is not something by any means to factor into taking a position.
*This stock historically is a classical cyclical/predictable beast. I trade this in the same manner as I do say coffee. $55ish handle has a good amount of support hence why it got a nice bounce recently. Next strong support stop is $50.80ish and from there you would need a giant gap fill through entire $40s with $41 being the floor there.
Kudos to OP for a timely thread where many folks were pounding the table this stock was going to $100. However the charts and money flows told a much different story. Even ARK got this one right and was dumping millions of shares all through $70’s.
ORI will pay a $1.50 special dividend in October, paid $1 last year IIRC. Record date is 9/15. Presently yields c. 3.5%, trading under recent highs.
D, have owned ORI for a long time and it has proven a good, reliable dividend issue. Love those special dividends. Paid on 10/6.
I’ve also been in and out over time in an IRA, thought of taking profits on half after ex-div end of the month but will hold for the special.
Also opened a position in a non-qualified acct. last year when it dipped under $15, waiting till it hits cap gains status.
Been making a little money trading TGT and WHR lately, if anybody has any suggestions.
ORI has paid out $4.50 in special dividends since 2018. Including a total of $2.50 in 2021 CY. In April/May 2020 the price dropped as $14+ and has risen to $25.+ A SOCK drawer stock for me.
I have been in and out of ORI for decades – mostly in. Great investment. I recently (as in this morning) exited above $26 (seemed wildly overvalued), but will be back in again.
Thanks for this heads up.
I bought some for the dividend, plus I sold calls on it thinking it would go down after the ex-dividend date and made about $0.30 extra per share that way. Would have potentially made more, but they were exercised early.
Well over 7% from holding a couple of weeks is a decent score right now, so thanks again for the actionable info!
FEYE
Fireeye insider bought $439,868 worth of stock
Filing was today at 5 PM and appeared at 7:09 PM on Fido.
It closed at 17.64 today
I haven’t played IB in a while so I bought a few hundred shares at 17.87 3 minutes ago.
I don’t know the company’s products
But it’s good to play these again. I am 8 out of 10 in gains when buying it right,
GoodLuck
FEYE,
I just sold all.
A steak dinner for 2
But then, QOL emailed me for a donation.
So, now it’s a steak dinner for 1.
Being cautious, I only bought half what I would normally buy.
Did anyone else trade the HOOD IPO?
I picked some up at $38 and sold September $70 strike covered calls for $15 when it was going crazy. If I want to roll those to 2023 I can pick up another $13-$14/share if things open like they closed last week.
I haven’t had a score this good since after the market tanked and we got to ride the elevator back up.
NEWT – I wonder what this would mean to the notes? NEWT looking to convert to a bank holding company…. If it loses its BDC status, does that mean the preferreds no longer have the mandated coverage required for BDC preferreds???
Newtek Business Services Corp. Signs Agreement to Acquire National Bank of New York City
Acquisition will be Discussed during a Shareholder Conference Call Tuesday, August 3, 2021 at 7:30 am ET
BOCA RATON, Fla., Aug. 02, 2021 (GLOBE NEWSWIRE) — Newtek Business Services Corp., (Nasdaq: NEWT), an internally managed business development company (“BDC”), today announced that it entered into an agreement to acquire National Bank of New York City (“NBNYC” or the “Bank”), a nationally chartered bank with approximately $204 million in total assets and $36.5 million in tier 1 capital (each as of June 30, 2021; does not reflect the impact of pre-closing dividends to selling NBNYC shareholders) for $20 million in cash (the “Acquisition”). The agreement requires that NBNYC have $20 million of tangible common equity as of the closing date of the Acquisition. The Acquisition is part of a plan to reposition Newtek as a bank holding company, and is subject to the approval of, among others, federal banking regulators and the U.S. Small Business Administration (SBA), and Newtek shareholders to withdraw Newtek’s election as a BDC. Upon shareholder and regulatory approvals, and other closing conditions, Newtek will become a bank holding company that will elect financial holding company (FHC) status. Newtek anticipates the Acquisition to close in approximately six to twelve months.
https://finance.yahoo.com/news/newtek-business-services-corp-signs-200500811.html
Sorry – I meant NOTES, not preferreds.
The obligation of the Company to consummate the Stock Purchase is further subject to additional conditions, including (a) NBNYC’s tangible common equity equaling or exceeding $20,000,000, (b) NBNYC’s equity-to-debt ratio as of the Closing equaling or exceeding 10%, (c) there having been no material adverse effect with respect to NBNYC since December 31, 2020, (d) the written resignation of all of the directors of NBNYC if requested by the Company, (e) the Company’s having obtained shareholder approval to withdraw its election as a business development company under the Investment Company Act of 1940, as amended, (f) the Company’s having completed a refinancing of its outstanding notes, including the elimination of any provisions relating to the Company’s election to be treated as a business development company under the Investment Company Act of 1940, as amended
BMTX – Has anyone who acquired BMTX shares as a spinoff from CUBI successfully had the restricted status of their shares removed by your broker??? If so, which broker???? Both Fidelity and TDAmerica have so far refused to lift the restriction despite my confirmation from BMTX’ CFO and from their transfer agent, Continental Stock Transfer & Trust, that the restriction was removed on July 1. My phone calls to both Fidelity and TDA have so far amounted to nothing and even though I have given them the direct contact info at Continental, I cannot get either to tell me definitively that they have been in touch with her directly as Continental has requested they do.
If this continues, is this an issue for FINRA? Surely there must be SOP for this to happen for all clients collectively at a broker all at once, yes? How can some brokers release the restricted shares while others have not?
I’ve seen recommendation here of Pembina pipeline; their acquisition of inter line is being terminated. Pba up today.
Pembina gets a termination fee equal to 65 cents/share.
Beyond that, incredibly short sighted of the market. Pembina is close to a table pounding buy but requires patience. Most long lead time businesses do.
In the short run the market is a voting machine. In the long run it’s a weighing machine. Graham said it in 1934 and it’s still true.
Not interested in a pile of BipBamBum in a stock exchange for IPL at their inflated market prices. Money for nuthin’ and the cashflow for free.
Remember poison pills?
PS: Hold that PBA and other big CN oil is low priced too! Spin the wheel Vanna and take the prize.
IPL management incredibly bad as they turned down a buy out years ago for a lot more than $20, just blew $350MM by gambling and with Heartland took on too much debt which lead to being bought out. I have both Pembina and BAM and at least with BAM much better management will wring out a lot more profits from IPL assets. CDN energy companies coming out with quarterly results over next few weeks and should be very positive news for most.
I am sympathetic to IPL. The fickle finger of fate was unkind to them. Had I been their financial advisor I would have urged them to they lay off some part of the Heartland risk. It was a big fish to swallow.
BAM can get blood from a stone. IPL is low hanging fruit in their eyes. They turned a bankrupt Brazilian utility into the foundation for an empire.
Stay tuned. They are eyeing Pembina for the future.
Bob I know you follow hockey so you will get my analogy. When I was working for a bank in the early 1990’s in rural southwest Ontario (outside of Sarnia) there was a common joke at the local farmer’s coffee shop that if the “Hunter brothers” were looking at bidding on a local farm you might as well put your cheque book away. Mark & Dale were both still playing in the NHL and their off season was spent farming their many many acres of cashcrop land around Lambton County. In this case BAM is the Hunter Brothers when it comes to any potential sale of a company in Canada.
OMF declares $3.50 special dividend
on top of the regular .7 dividend
they announce these every 1st an 3rd quarter
MNR, MNR-C – Still no indication of what would happen to MNR-C if successful Starwood Capital has announced another increase to its bid for MNR.
https://seekingalpha.com/news/3717336-starwood-capital-sweetens-offer-for-monmouth-real-estate-investment?mail_subject=mnr-starwood-capital-sweetens-offer-for-monmouth-real-estate-investment&utm_campaign=rta-stock-news&utm_content=link-3&utm_medium=email&utm_source=seeking_alpha
BMTX – For those who may have acquired BMTX shares via having owned CUBI and receiving them when it was spun off via SPAC, IR has told me that the trading restrictions were removed a/o July 1… The trouble is both Fidelity and TDA don’t seem to know it yet… I will try to get the ball rolling today..
here’s IR’s response:
“The restriction was lifted on July 1st. You should be able to trade or transfer your shares freely. If you have any issues I would start with your broker, and direct them to Continental as our transfer agent (Continental Shareholder Services, at cstmail@continentalstock.com, has been prepped for assisting, or if ready to transfer, you can reach out to Continental’s Transfer Department directly at transfer@continentalstock.com.)
Bob Ramsey
Chief Financial Officer
BM Technologies, Inc. (NYSE: BMTX)
____________________________________________
m571.236.8851
rramsey@bmtx.com
bmtx.com
As a follow-up, I am getting nowhere with both Fidelity and TDAmeritrade in getting this restriction lifted on BMTX. I have given them both the information necessary, but apparently I have not found the right person at either place…. If anyone else can find a way, I have been given this information from BMT transfer agent as to whom the brokers need to contact:
“If Fidelity and/or TDAmeritrade have questions on the process they can contact our Transfer Department directly at Transfer@continentalstock.com or myself and we will be happy to assist them in retrieving the shares held in their firm’s name.
Thanks
Erika
Continental Stock Transfer & Trust
Erika Young
Vice President & Account Administrator
P: 212.845.3218 M: 646.335.3493
E: eyoung@continentalstock.com
A: 1 State Street 30th Floor
New York, NY 10004-1561
W: www.continentalstock.com
Apologies for the frustration you are experiencing in regards to your shares. As Mr. Ramsey indicated, upon the Company’s written instruction to Continental the restrictions have been removed. Upon the removal of the restriction, unrestricted share statements were mailed to EACH of the Participant Level named holders making them aware that the shares were now unrestricted. In many instances, statements were mailed to the main Brokerage HQ address on file, therefore, your individual Broker’s may not have received it directly. Unfortunately, I can not speak to the notification process in place at TDAmeritrade or Fidelity, however, other Brokerage Firms have consistently reached out before the lock-up was lifted for updates as well as reached out to us upon receipt of their statement and requested that their shares be moved back through DTCC, for further distribution to their underlying holders.
I read with interest over on https://innovativeincomeinvestor.com/gladstone-commercial-preferred-otc-ticker/ about the discounted DRIP feature of the LAND Ser C.
I’ve been DRIPing stocks for years through a broker, but never bothered to check out setting up a DRIP directly with the company.
Is it common that a company will offer a discounted DRIP when you come to them directly?
Not very common for preferred issues. My royalbank, cibc, and sunlife preferreds can drip reinvest into the common stock automatically if you have drip setup on your overall account.
FWIW – I have been trying to buy DENI for about a month now. I had a limit order for $10.81 set to buy. I looked this morning and it was trading at $10.80. No limit order execution so had to do market order at Schwab that filled at $10.80.
From the just too cheap to ignore category:
I’m buying WHR here at 207. P/E under 10 (!!) and a yield of 2.7%. I like value stocks here, and this is now my favorite.
Bought more WHR today at the same 207 price. Earnings out tomorrow after the close.
5% gain after one day! Selling some here. Not sure if anyone reads this?
I read it.
Me too. Was watching WHR but didn’t pull the trigger Monday. Took profits on TGT last week but didn’t re-enter on Monday drop – been in and out twice this year for gains. Ditto AB, which actually has a serious dividend. Can’t catch every cab. Added pieces to a couple of banks instead. Keep posting, we are reading.
Exited the remainder this morning with 5% profit. earnings were good, but Mr. Market is fickle.
Nice earnings!. Market yawns AH.
Whirlpool Corp. late Wednesday reported a 32% increase in quarterly sales and said it was raising its 2021 guidance on continued demand for its kitchen and laundry appliances.
Whirlpool WHR, +1.91% said it earned $581 million, or $9.15 a share, in the second quarter, compared with $30 million, or 47 cents a share, in the year-ago period. Sales rose to $5.3 billion from $4 billion a year ago.
Got a tiny bit lucky at the casino last night.
Maybe my luck has changed for the better.
I’m going to try to press my luck.
I just bought 600 shares of REVG at 16.19 at 9AM today.
It’s my usual Insider buy game.
I better get a Chicken dinner out of this.
Yay, I’m out and I squeezed a steak dinner out of this stock.
I did look at the company news for 5 minutes and they seem like a rising star.
A good start for this week.
Got the tip 5 minutes ago
AEI huge insider buy (possibly a SCAM stock)
I bought 250 shs at 5.63 a minute ago
What the hey?
Let’s see if I get lucky today.
Looking for a steak dinner for 2-3
I see this on insidercow.com. Big purchase by the CEO two days ago, two smaller purchases yesterday. $4.90 and $5.02.
Good luck.
I sold half at 5.43 for a$25 loss
still holding the other 125,
Chinese stock, say no more.
Looks like I treated someone else to a Pho soup.
When it started to go down, I started talking Chinese like words.
All out. A $70 loss for my troubles.
This was not a desired outcome.
Boredom got the better of me.
Well, It’s back to nickel stacking.
My wife said stop griping, move on and check out Viking River Cruises.
GEO –
With moral highground now thrown aside, GEO has become a meme stock
I was able to dump my remaining shares for a profit. Not really a steak dinner but more like a large pizza and a pitcher of beer.
I was just calculating the return for the MSFT acquisition of NUAN. It is pretty impressive so I thought I would pass it on. I doubt any of us can move the market on this one! MSFT is paying $56 cash for NUAN. It is scheduled to close no later than 12/31/2021 per the latest press release (Q2 NUAN earnings). With NUAN trading at 52.9, that is a 10% IRR and a simple 5.8% return. Pretty nice and fairly low risk. I have been parking money in that.
IMO pretty low risk, but check it out.
Appreciate the NUAN analysis. You are correct!
NUAN is trading below Microsoft acquisition price. I am purchasing as better return than bank account interest.
GAB announces rights offering for shares of common stock
https://www.sec.gov/Archives/edgar/data/794685/000138713121005866/gab-497ad_052021.htm
HTSC
My kid said buy it and don’t ask questions.
I bought 5,000 shares at .16
I normally am very skeptical.
Best laugh of the day, Newman….. not laughing at you – laughing with you…
I know.
My Investment is 825 or so.
With the bubble expanding rapidly, What me worry?
I am the one who did not invest in Tesla pre IPO.
So, culda wulda shulda could be my epitaph.
My wife’s would be. “I’m with Stupid>>>>”
Ironically there are 2 Human White Roses in my office.
Just happy to be alive and kicking my friend.
2WR, You can laugh at me now.
As I’ve mentioned in the past, We have a eccentric genius in our family.
I was texted at 4:10 PM yesterday to buy CVCN.
I was told their drug for Alzheimers was superior to Biogens drug.
It closed at 3.15
But in extended hours trading it climbed to 3.37 to 3.46 and I was told not to pay more than 3.35. I didn’t pull the trigger.
Well, lah Dee Dah it’s 4.22 now. Anyways, I wuz only planning to buy 500 shs.
The company has a stock offering and the officers bought a boatload of it. It may mean they are diluting the shareholders while enhancing their share.
My family member then said “Wait for the next one they said”
I feel like the sleeping old man in the 3 stooges pie fight episode who gets hit with a pie and sleeps through it.
Not at you, Newman, with you… I’m still watching HTSC just for kicks to see how you do… loved your story there….
I will not tell you about yesterdays new “missed opportunity”
I feel like I was visited by what they call a “Cooler” in Las Vegas.
Newman, A couple of steak dinners or HTSC. Rumor has it that too much red meat is bad for you…………..
I still am not doing research on HTSC
But, I prefer to lose $400-$600 rather than being pointed out as “Poor Dad missed out on the big bucks”
Every kid needs a parent that has their back unconditionally.
This was my way of saying. I respect your opinion.
A quick look at the stock does not support a buy. Nickle mining might be a long play for auto batteries. But, with Reddit / Gamestop / AMC, and the fact that I am sitting on a lot of cash, what’s a few hundred dollar gamble.
newman,
I bot a thin sliver in Organigram with some IRA divs since it was supercheap and BTI had previously plopped funds and board members into it. Of course they are going to buy out the whole company…right? Was able to sell close in calls a few times, but even that can’t catch more than a nickel bid now. It is fun to go onto their site and follow the evolution of this market though after living thru the seventies!
They make THC edibles?
I don’t have a high opinion on Cannabis stocks.
Too many Ma and Pot startups.
TCNNF makes Truelieve Chocolate. Wink Wink
But even their stock chart is a downer.
That’s a hard PASS.
Anyways, I’m here in NYC for 30 days, and already spotted John Bolton in Lenox Hill. (UN is in session) He walked into the Korean shop where I put my order in for Chicken spicy Ramen soup.
What was the question again?
Looking for “relatively” safe places to earn a decent return I took a look at some merger-arb ideas. Two interesting ones turned up:
MSFT buying NUAN for $56 cash, currently trading at $53.18 gives a 5.30% return till expected 4th Qtr completion.
LMT buying AJRD for $51 cash, currently trading at $48.50 gives a 5.00% return till expected 4th Qtr completion.
Obviously there is always risk deal falls through or is extended, but these two looked attractive to me.
Chris – In this area of pure arbitrage, if looking to participate while minimizing the specific issue risk of trying to pick individual situations on your own, have you looked at funds like MERFX or GABCX who focus specifically on this area? You won’t get 5% but then again, the risks of timing properly and avoiding individual deals falling apart is left in the hands of the pros.
I have looked at MERFX, not bad over the long run. Thanks
I just looked up MERFX on TDA. Under “trailing total returns”, if I am understanding the information correctly, (I am assuming the “TR” behind S&P 500 means total returns) then an S&P index fund would have vastly outperformed MERFX over all time periods. I think I’d just stash money in VOO or VTSAX or similar. In fact I do have some money there…..
It seems a tough place to make money, even for the professionals, because once the info becomes public, the market has already reacted and all the arb value is gone. I just saw that with the O / VER merger. Someone’s probably making money on it…. Early investors and VC’s I guess, but even MERFX doesn’t seem to be knocking it out of the ballpark and this is what they do for a living.
Or, am I missing something?
Mark – Let me ask you a couple of rhetorical questions…. #1, Would you be willing to put your “safe” money into an index fund even though they have outperformed practically every other category of fund over the years? #2. Is there a place in this world for money market funds or alternatives to them? Certainly you won’t find a single money market fund competing performance wise with an S&P Index fund, yet there sure is a whole lot of money sloshing around in them… There must be a raison d’être for trillions hanging out in money market funds even though they too can’t hold up vis a vis your comparison standard.
The point is MERFX is not designed to be a performance fund… It’s to provide steady, reliable gains that surpass what you can earn in a money market fund or its equivalent.. An Index fund is great and certainly outperforms so many other categories of funds as to be embarrassing to the fund industry as a whole, but still, if the market goes down 20% your Index fund will too… An MERFX will not…. some of we belts and suspenders types like that kind of thing…… The bottom line is a comparison of MERFX to an S&P Index fund is an apples to oranges one… They are not designed to do the same thing. it’s a Safety Joe Fund – https://www.youtube.com/watch?v=_RTScRTFGvY
Very funny…..I’m not sure what I was expecting Safety Joe to be but John Prine wasn’t even under consideration. I noticed he died of the CoronaVirus of all things.
But back to your rhetorical question two….like many people I have a fair amount of cash sitting in Money Market accounts earning nothing. That I
‘m on this blog is also an indicator that I own Preferreds, ETFs, Dividend Paying Stocks, Canadian Rate Resets and Corporate Bonds. But I’m still 40% cash. I do it for safety because there is nothing about America that inspires confidence at any level. But I’m curious….is there any other possible reason that you’ve come across?
Was just looking at the announcement and saw something that concerns me (although I may not properly understand it.
“As part of the transaction, Aerojet Rocketdyne declared a $5.00 per share pre-closing special dividend to holders of its common shares and convertible senior notes, on an as-converted basis. The special dividend will be paid on March 24, 2021, to holders of record as of March 10, 2021. The payment of this special dividend, unless revoked, will adjust the consideration to be paid by Lockheed Martin to $51.00 per share at closing.”
Does this mean if the special dividend is paid (which it was), that LMT will adjust their $51 offer? Again – I am probably misinterpreting this but wanted to raise it up.
AGNC the big REIT has been making highs of late and just reported earlier today with a beat making further new highs in AH. It pays dividend monthly and goes ex-divd 4/29 and yields over 8%.
Took a position in the common via a BuyWrite – this enhances the yield to over 10%. Perhaps a better buy to do this instead of buying its 6.125 or 6.5% coupon preferreds? Aim to keep selling in-the-money calls till assigned, especially around the monthly ex-dividend dates…
mSquare – Seems like a lot of work as you need to write the call several times per mo for like $1-$2ea, with the risk that shares will either be assigned, or even worse, they aren’t assigned, and the underlying share price gradually deteriorates so the CC’s and divies are merely chasing your cost basis. Then you’re in the awkward position of having to write a covered call at a strike that is less than your cost basis for the shares. Furthermore, you’ve probably noticed that the bids tend to evaporate for a strike more than $0.50 above the current share price with the AGNC option chain.
If you’re looking for 10% from commons in this sector, why not just buy NLY common?
I opened a position recently in VERX. It’s a company that makes sales tax software who IPO’d last year. About half of the Fortune 500 use Vertex’s software. It’s quite an effort to change software providers so it’s rather sticky. Just curious if others here have looked into it.
Does anyone here follow SGFY? They IPO’d last month. There was a run up initially and it’s come back down as of late. I’m having trouble finding anythig that explains the price action. Does anyone have any insights? I opened a small position today.
https://seekingalpha.com/article/4403484-signify-health-pursues-423-million-ipo
I recommended VIAC here last year in the mid 20s. It’s now approaching 100. No, I don’t hold it anymore….I sold way too soon. Believe it is roaring because of excitement over the new streaming service….Paramount Plus. I wouldn’t touch the stock here. I’m sure subscriptions are doing very well, but I believe that is due in large part because the service is being heavily discounted or even given away. Checking an entertainment board I frequent confirms this; also that customer service is difficult to reach.
The tell on this stock will be when the company announces spectacular subscription growth but suspiciously low revenue and earnings.
For those of us who are too stupid to realize that it’s different this time and stocks only move in one direction, here’s an interesting chart of historical P/E ratios for the S&P…… no reason for concern, though, everything’s as rosy as can be… https://www.multpl.com/s-p-500-pe-ratio
I find it interesting, too, that all the wildest gyrations have been in the last 25 years.
When did MMT / QE become the fashionable monetary theory? When did retail trading become popular? When did the internet really become ‘a thing’?
Is it natural that the P/E should rise as the money supply increases?
Should this be used as another gauge for inflation?
Just thinking out loud.
It’s pretty transparent: It’s a fact that this is a social democratic institutional maneuver, ALL parties and political minds have been complicit since Reagan…corporate is still seen as the method of management and distribution for the mechanism…the plebs just get an occasional check to feed corporate trickle down. Don’t worry, Everything is VERY EASY to manage.
Since we are in the common stock area, I have had at least ten issues hit high sell limits and/or get called; one in Canada and I am thinking two more there soon. What to do with the cash? I had pivoted toward accenting cash on cash returns with cash covered puts on exhausted quality stocks (TOT, BMY here?) and this is getting tougher off the March lows, will end too and rolling close calls with managing divs on those owned. EPD is going to be interesting here since it goes xdiv Thursday and option expire on Friday….very close on my strike. Really, I DO NOT need the excitement or drama, but am just responding with tools I know. My Roth is crowded. and I DO NOT really like the risk. Seems this is like the 60’s?, grind off the residual debt from WW2 on a new generation, but at a much higher valuation and overall debt level.
Signs the the SPAC phenomenon could be overdone???
https://www.benzinga.com/news/21/03/20062559/patrick-mahomes-justin-verlander-and-naomi-osaka-join-forces-on-new-spac
You *too* can be a VC!!!
My guess is U2 WILL probably be next to sponsor a SPAC – if they haven’t already… lol
Is anyone having problems with Feedly? 3/06/21 5:10pm
Thanks.
Don
Fastly (NYSE:FSLY) has priced $825M of 0% Convertible Senior Notes due 2026 in a private placement. The offering size was increased from $750M.
The initial conversion rate is 9.7272 common shares per $1,000 principal amount of notes (~$102.80/share).
FSLY currently trades at $67. Holders must be crazy bullish on this 0% note.
B. Riley Financial Reports Record Fourth Quarter and Full Year 2020 Results, Declares $3.50 Dividend
https://ir.brileyfin.com/2021-02-25-B-Riley-Financial-Reports-Record-Fourth-Quarter-and-Full-Year-2020-Results-Declares-3-50-Dividend
NEE (Nextera) took a pretty big hit yesterday, at one point dropping just below $73. Part of the explanation is that now that the herd is risk on again that there is a sector rotation out of Utilities and into Finance and other areas. And then there is the issue of rising rates.
I’m wondering if this rotation away from Utilities is a buying opportunity for Income Investors for solid, reasonably “Green” companies like NEE or AEP?
I strictly follow the yields on my utility portfolio. As soon as the price drops enough to create an attractive yield I add. For example when DUK drops so that the yield heads above 4.5% I add. I have yield targets for DUK, SO, PPL, EIX etc.
Don’t forget those higher short term yield convertables if you are cool holding the commons down the road. They are structured leap call options if held for non-trading. I had two snipped off with sell limits at recent highs after a couple divs: SO, D still have the AEP. I think there are a few more? They are being chased too.