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Based on your Ford Roadster successful Project I full hearty agree!
Hi LO,
I added 12% more shares to my position yesterday at $37.14.
I won't mind it if they give me a buck a share to help with the purchase.
The company is still reshaping itself and we'll have to see what happens
to long term earnings as that is done.
Value Line gives it a $50 to $80 3-5 year target price. Timeliness has
slipped to 3 from being 1 (highest) in August.
Buy from the Scared, Sell to the Greedy is my motto........
Macquarie Infrastructure (NYSE:MIC) declares $1.00/share quarterly dividend, in line with previous.
Forward yield 10.83%
Payable Nov. 15; for shareholders of record Nov. 12; ex-div Nov. 8.
We still get our one dollar but, earnings not good so down we go again. No Love for MIC going to add a little more....
Here we are back in the MIC dumpster LOL Time to add for sure!
Hi LO, Re MIC's current price............
It has a Price/Book of 1.0, Price/Sales of 1.73 and a P/E of 6.9. Add in an effective 12.7% annualized yield and it is hard to resist here.
just made another 50 share purchase going keep chipping away monthly on this one!
looks like the slow climb is still ongoing!
Nicely done!
Your effective yield at $34.50 isn't an embarrassment either!
Congratulations.
This has been my top holding of the year. I sold puts at $37.50 for $3 each. It exercised them when it was at $37 and a month later it was straight up!!
My cost basis is somehow $34.50 which is just incredible.
Another nice percentage move this AM. It was enough to trigger a sale of 10% of my current holding. Those shares were purchased back in May at $37.14 so carry a +27% LIFO gain with them. (That's even better than the dividend) It also gives me a slight cushion of cash now in case MIC cycles downward once again.
My initial buy was at $64.50 back in January. After that I had three buys under $39 which helped the average cost per share quite a bit. Those three additional buys nearly doubled my initial position.
SA is really promoting MIC
Another important reason we are bullish on MIC is that the stock is seeing huge insider buying that has been happening almost every week during the year 2018.
The insider buying has been enormous and amounting to more than $200 million in value. This list of insider buying is so long that we cannot list it here, but readers can view it by clicking here. The last insider buying occurred this month in August with about $3 million of new insider purchases
I am going to continue with my monthly purchases!
THanks LO, Nice summary of events and potentials.
Macquarie Infrastructure Corporation: Past May Be Bitter, But Future Couldn't Be Brighter
Summary
Yielding 9.0%, MIC offers superior risk-adjusted return potential relative to high-yielding alternative investments.
This high yield is due to a past disappointment that has no bearing on the future, the cause of which is exactly what makes the yield so safe today.
While the yield is attractive in and of itself, a more realistic discounting of the company's risk profile would result in a share price 43% higher than current levels.
In addition, clear line of sight into future, low-risk growth provides an additional floor beneath existing share price levels.
We are indiscriminate buyers of MIC at current levels and would switch to a more opportunistic stance only when yields recover to historical levels.
A new Value Line sheet is due out next week on MIC. I'll make sure to post any significant changes. MIC is currently ranked Timeliness 1 (best) for the next 12 months with target price/share 3-5 years out to be $50 to $80. Timeliness is improved from May, the last report.
a lot of form 4's being posted. This last one by a 10% owner looks real sweet. Think I will add some more this quarter.
Nice to have the cha ching hit the account register yesterday!
https://ih.advfn.com/p.php?pid=nmona&article=78091738&symbol=MIC
added 50 shares for good luck! Happy trading!
Declarations are always good news. I'm glad to see the Price/Share back above $45, too.
Macquarie Infrastructure (NYSE:MIC) declares $1.00/share quarterly dividend, in line with previous.
Forward yield 8.88%
Payable Aug. 16; for shareholders of record Aug. 13; ex-div Aug. 10.
Hi LO, Re: resurfacing of MIC..............
I'm glad to see it approach its 130 day Moving Average. Maybe it will start to attract some attention. Value Line gives it a "Timeliness" of 1 out of 5 with 1 being most timely. They show a 3-5 year "Appreciation Potential" of $50 to $80 (May 25th Report).
Things started looking better around the beginning of June. Unfortunately my timing on starting this investment wasn't too good. The "W" shows my starting point. Loss has been mitigated to just 13% with collected dividends and downward averaging. First block was purchased at $64.50 then added 50% more at $38.35. I further added shares in the $37 range. Share count is up 93% from my first purchase. Break-Even will occur around $50+.
Looks like it's doing the slow but steady dance! Glad I added during the downdraft almost back to even.
The March to 50 is in progress!
I am seeing a bunch of Form 4's being filed don't know if it is company compensation or insider buying but looks nice!
Going continue to add here and there!
It's still $7 below its 26 week eMA, so in relative terms the price pretty good here.
Volume has been steady during this apparent accumulation starting the first of June. I'm watching carefully.
The latest Value Line (05/25/18) suggests they're going to start working on debt reduction. They also mention investor concern for further dividend cuts.
I still have some cash allocated to MIC for deeper purchases if it comes to that.
MIC starting to show some love! Added a little...
Sounds nice! I am putting a new roof on my house so buying more is not a possibility right now. You got a nice price as it is up .90 today.
I am pretty happy with the one dollar dividend and think it will recover nice over the next couple of quarters.
Hard to find a stock paying one dollar a quarter in the 30's.
Happy trading
Hi LO, Re: MIC accumulation...............
I added 12% more shares to my MIC holding the other day at $37.14. If nothing else it's helping my average share cost and boosting my dividend income (and average yield).
While the price has remained range bound I don't see evidence of shorting in the trade pattern, stock accumulation/distribution or volume.
One dollar a quarter sure works for me!
It looks as though every law firm with time on their hands has started a
class action suit against Macquarie. While this goes on I'm not expecting
much positive in share price movement.
This sort of thing usually is a major distraction for corporate managers.
Let's hope they keep their noses on the grindstone until the fluff suits go
away. In the mean time I won't mind collecting the dividend.
at least we will get our one dollar a share dividend! What a joke otherwise!
Well, that rally was short lived!
Hi LO ........
Yes, nice jump in price/share this AM....
https://finance.yahoo.com/news/mic-reports-first-quarter-2018-211000952.html
Macquarie Infrastructure beats by $0.35, beats on revenue
Macquarie Infrastructure (NYSE:MIC): Q1 EPS of $0.88 beats by $0.35.
Revenue of $501.56M (+11.1% Y/Y) beats by $44.89M.
Shares +2.66% AH.
Declares a $1.00 dividend!
Article takes a look at ROE, debt/Equity and other items for MIC......
https://finance.yahoo.com/news/behind-macquarie-infrastructure-corporation-nyse-235916110.html
I was talking about April 4th, not where they were versus there 52 week or 5 year low, LOL. On April 4th when I posted, MIC was up a dollar, and the DOW had been down 500. So I was talking about how MIC was doing versus the DOW on April 4th. By the end of the day the DOW did close green, but I posted on the morning of April 4th.
I wouldn't say $1 from a 52 week low and a 5 year low "doing great" lol.
There is the old news that their bigger brother intended to buy more shares starting in early April.
Market way down, oil way down, MIC doing great. Possible news coming our way??
Thanks Jld, Some AM haiku.....
Bi-polar action
in the markets push traders
toward both Fear and Greed.
Depending on how the markets trade, this could work its way down to the low $30s. A 13-14% yield should keep it above $30 though.
Watching closely, but patiently.
I added 15% more to my MIC position yesterday under $38. Today it looks like I was a day early.
It's been 30 days since my last add. Not a very big discount from the previous add, but there's still cash left if the price/share stays down a while longer or drops in price further.
This latest addition lowers my "next sell" to just under $51 from around $55 previously. At that price I'll let 10% of the overall position go.
I opened some December PUT contracts as insurance against my long position for the just in case unthinkable scenario.
Wish I had done that when it was in the 60's. I would have a hard time stomaching another 20 dollar drop after making new purchases at the current levels.
Thanks for the info. We should get a decent sized bounce whenever the covering starts.
There was a big increase in Short Interest with MIC shown in this week's BARRON's. Roughly an increase from 4.9MM shares to 6.9MM. Latest data is from the week of 2/28/2018.
I noted in Value Line a change in their "Portfolio II - Stocks for Income and Price Appreciation" (Summary and Index section):
Meanwhile, we are cutting our losses
on Macquarie Infrastructure Corp. The
shares fell markedly after the infrastructure
services company slashed its dividend
upon the release of fourth-quarter results.
It plans on using the savings to repurpose
certain assets and invest in growth
projects. The asset change has to do with
the loss of six long-term customers for
a certain oil storage service.
I hadn't seen this last bit of news (six customers) until this announcement. It doesn't seem to be selling off any further than its recent lows, so I'm sticking with it and its dividend for now. It would be nice to know how much of total revenue those six clients represent.
Thanks! I added more at $41.50 today, and have one more add in around $40.
It's Friday today and tomorrow is last days for the 1.44 dividend. I made another small purchase today 3 in total since 37. I am done for now. I think it will be in the low 40's for a while . Just have to get used to the new price.
Moving average yesterday was slowing dropping,
Dividend was inceased by $0.02 per share and i read that they can no longer support paying it out
I was actually hoping for more of a dip so I could add. It's bidding up in pre-market now. Do you know the ex-dividend date?
MIC PreMarket: $42.79 +0.42 (0.99%) as of 8:00 AM
Read more at http://thestockmarketwatch.com/stock/?stock=MIC#hxlCseZh3TaTDZj5.99
Somewhat of an inglorious finish on the day yesterday. It was hard bucking the market headwinds with the major indexes off over 1%.
No serious volume showing up on either the buy or sell sides.
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NYSE
125 West 55th Street
22nd Floor
New York, NY 10019
United States - Map
Phone: 212-231-1000
Web Site: http://www.macquarie.com/mic
DETAILS
Index Membership: N/A
Sector: Services
Industry: Basic Materials Wholesale
Full Time Employees: 3,600
BUSINESS SUMMARY
Macquarie Infrastructure Company LLC invests, owns, and operates in a diversified group of infrastructure businesses, which provide basic everyday services.
Its portfolio comprises an airport services business, an off-airport parking business, a district energy business, a gas production and distribution business, and a 50% interest in a bulk liquid storage terminal business.
The company's airport services business includes the operation of fixed-based operations (FBOs), which provide fuelling and fuel-related services, aircraft parking, and hangarage services to owner/operators of jet aircraft in the general aviation sector of the air transportation industry.
As of December 31, 2008, it operated 72 FBOs at 68 airports and 1 heliport in the United States. The company's airport parking business provides off-airport parking services comprising parking near airport terminals, and transportation via shuttle bus to and from customer vehicles and the airport terminal.
This business operated 31 facilities in 20 airports in the United States. Its district energy business operates a cooling system that provides chilled water for use in the air conditioning systems of commercial, retail, and residential buildings in the central business district; and owns and operates a facility that provides cold and hot water, and emergency power generation in Las Vegas, Nevada.
In addition, Macquarie Infrastructure Company owns The Gas Company (TGC), which produces and distributes synthetic natural gas (SNG), as well as sells liquefied petroleum gas in Hawaii.
Further, through its 50% interest in International-Matex Tank Terminals, it provides bulk liquid storage and handling services through 10 marine terminals in the United States and 2 in Canada.
The company was founded in 2004 and is based in New York, New York.
O/S - 45 mil
Float - 44.6
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