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BRY Added at the end of the day at 4.995. Clearly the market doesn't think they'll be able to sustain the dividend. They have $400 million in 7% unsecured notes due in February of 2026. Maybe they won't be able to refinance before then or will have to do so at an onerous rate. Or maybe as the Fed lowers rates and the debt markets become more borrower friendly (and BRY manages its business well), they'll maintain the dividend, announce a refinancing and the share price will fly.
ETCC I initiated a position today for an earnings play
INSW Sold for breakeven except for some dividends. Was seeking more industry diversification in my dividend portfolio but international shipping is seeming increasingly risky given wars, higher tariffs, global economic slowdown etc.
ADFJF PR says "some" of the announced "new" contracts already included in July 31 backlog. More like "newly announced" instead of new. If the subject contracts drove a material increase in the July 31 backlog, they probably would have updated it. Pretty lame PR IMO. Seems intended to staunch the recent price slide. If that's the best they can come up with, think it could hurt more than help.
IPW Rescued from a bad earnings play on its strength today and out with modest gain. Thought the management team talked in riddles on the conference call, so no indication of strength of revenues in this current quarter. Sounds like sales of hydroponics are way down and looking for other products to take up the slack.
FTCO Nothing better than an election year in a swing state to flush out a mining license
IPW Now up AHs after conference call to which I haven't yet listened. Revenues were weakish so guessing the conference call was bullish about current Q and/or pipeline.
VNDA they were offered $8 share cash for the company by Cycle and declined. They had previously received an offer from another company. Potential buyers floating around may moderate the price hit today.
BURCA --Sold for a modest gain. Bought for my dividend portfolio but liquidity is really poor and bid/ask spread high. My dividend portfolio initially was almost all microcap for the generally higher dividend rates, but I'm trading the least liquid of them out for larger caps with 7+% dividend yields (like WU thanks to Skillz putting it on my radar screen).
VNDA No news from FDA today? Is no news more likely to turn out to be bad news?
VNDA Any word on PUFDA? I'm not seeing anything.
ADFJF We're often reminded that "you never know about earnings". That applies to the report but often also how the market reacts to it. I was in for an earnings play at $9.5 share price. When the earnings were announced I thought there would be at least some positive bounce, so I held. When the price tanked I doubled down at $8.05 so now my average cost is $8.78. If the broader market doesn't tank, I'm hopeful the share price will approach $9 by the end of next week and I can avoid a loss. Sometimes when you don't make the right decision, you can still avoid a loss. We'll see.
UNIT $5.20 Up big again today on high volume. I sold half as I had doubled down when the price cratered on the merger announcement. Has been a solid gainer in a choppy market since I first posted about it.
ARREF 1.14 Seems very cheap here so I bought more today as dividend yield again over 10% and looks very sustainable. Price of copper has dropped 7% since their Q2 report so depending on how price finishes Q3 in September, expect sequential revenue to decline approximately $4 million but still leave them solidly profitable and covering the dividend. They're buying shares back, paying a hefty regular dividend, declaring additional special dividends when their cash position warrants and prudently managing expenses. The risk is a global recession and further significant decline in copper prices. Still think it's an excellent value down here.
CURI $1.45 Been spiking last few days and again this morning to new high on high volume but no news. I sold half as it did the same thing a few months back before reversing course. Even though I bought it for the dividend and for industry diversification, it trades more like a momo stock on rumor.
UNIT Bought this communications fiber provider a few months back for my dividend portfolio after which they announced they were recombining with the affiliate from which they spun out to become a REIT. As the SH base was dividend oriented and the combined company won't pay dividends, the share price tanked as the SH base rotated from dividend oriented to event driven. Then LUMN, a primary competitor, had its share price explode when it announced huge numbers driven by hyperscalers and generative AI demand. Then UNIT announced strong Q2 numbers including .34 FFO driven by similar demand. The SP has recovered a lot since then but still cheap IMO. While not as sexy as an AI company, this strikes me as a less volatile way to play AI growth.
AATC Finally green on this one after months in the red. Recent quarter not that impressive as numbers improved driven primarily by decreased expenses. Any thoughts about this one?
Lopez pitching really well for the Cubs in relief. You want him back Skillz?
Don't leave the Cubs off the list of potential NL WC teams. After sweeping the O's in Baltimore showcasing some of the best starting pitching in baseball and finally starting to get some clutch RISP hitting, they're still in the playoff picture. Their bullpen has been unreliable but should improve as Leiter, Merryweather and Brown return from the DL.
The Cubs decided to start Christopher Morel at 3rd at the beginning of the season with very little experience playing the position. He was comically bad at the beginning but has gradually improved and is doing a pretty good job lately. They wanted to force him into the lineup for his bat and, of course, now he's not hitting.
FTCO Really tanking recently on no news and rising gold price. Investors concerned about permit delays. Now paying 11+% annual dividend in monthly increments.
Yes I saw that Vientos homer but I'm a rabid Cubs fan
CURI 1.28 Up but on oddly low volume prior to earnings release today AH. Has been actively traded and volatile in recent weeks but I have no clue if earnings will be decent. I'm holding with my fingers crossed.
CCEL--There was a notable item in the recent quarterly report which disclosed the Company has recently bought back approximately 175,000 shares after not buying back shares for years. This buying dovetails with their announcement for seeking a buyer for their legacy business and after spinning the Duke assets out to SHs in a separate company. The two CEOs are the largest SHs to me this is a bullish sign that they're confident they have a buyer lined up at a good premium to the current share price as the Company has been on the buy side of most of the volume since they announced exploring strategic alternatives. I think this is a good event driven play.
CURI Up 55% in less than three weeks. Was intending to hold long term for my dividend portfolio but now tempted to sell at least some and buy back on a retrace.
CCEL Per today's PR will consider strategic alternatives including sale of legacy business. Stock up in premarket.
CURI Initiated a position at .84 for my microcap dividend portfolio. They look positioned to sustain the .025 quarterly dividend for the long term so share price should rise over time to $1+.
ELTK Trimmed back from oversized position but will hold core position in anticipation of continued share price increase to $15+.
ELTK This language about the backlog is ambiguous as written and I don't think that was inadvertent. I think management at the margin is over promotional in its PRs and this ambiguity is a little slimy. Not perfect but better than issuing no earnings PRs. I added to average down my cost here to 10.90 so still in the red but feel good about a continuing rebound. Those investors paying $16 a share must have seen bullish forward year projections that seemed credible. And that secondary provides extra incentive for management to get the share price up.
FEIM I doubled my position and averaged down. Better if the glitch hadn't happened, but creates an opportunity to make more money. Very positive conference call IMO. If the overall market holds up through July, I think we see it rise to $15+.
FTCO 5.32 With recent positive drilling results, management apparently allaying investor concern over Seeking Alpha short hit and ability to maintain dividend. With .48 annual dividend and pristine balance sheet, seems poised to rise above $6 again with a strong yield while you wait.
FTCO Reporting tomorrow AHs. Has been under pressure since weak drilling report. Dividend over 10%. Unless management drops a bomb like a dividend cut, seems like it should rebound after report.
Pretty staggering:
"Nomura estimates there are 20 million unconstructed and delayed pre-sold homes in China, with a funding shortfall of 3.2 trillion yuan ($445 billion)."
CRWS Sold after short hold. Building a microcap dividend paying portfolio but without organic growth, don't see long term dividend sustainability. Birth rates in more developed countries plummeting, a macro headwind for baby/children product companies.
FTCO Just had an order executed at 3.95. Even if they have to cut the dividend going forward, it already feels priced in.
Sorry "Hweb" not "When"
Ecoblot, When and KIK--Thanks for your suggestions for dividend payers. Although higher dividends seem attractive, they're often a warning the dividend isn't sustainable. I'm seeking in each case to determine dividend sustainability or potential for increase. As I come up with others that seem to fit the bill, I'll share them.
TAIT and CRWS I'm rotating my portfolio more into dividend paying micro/small caps. I started a position in TAIT and am considering CRWS. Any thoughts on either would be appreciated as well as any other dividend paying favorites.
CCEL Here we go again. After tanking mid November on no news, it has been firming nicely on highish volume--up almost every day in the last few weeks with the bid at 6.35 this morning attracting almost no selling. A few shares traded at the 6.94 ask for a recent high. Then out of nowhere ~15,000 shares get dumped in the mid 5's as if tanking the price 15% was the desired outcome. Makes me wonder if the recent buyer periodically dumps some shares back on the market to reset the bid/ask with the hope of being able to continue to accumulate at a lower price point. Very weird action.
CCEL This has had such strange action over the past few months. Volume has definitely increased and it will show price momentum like yesterday and this morning with the bid being pushed up like someone is accumulating--all on no news. Then suddenly shares get dumped and the ask declines .50-.75 and recent price firming gets wiped out in a few hours. It almost feels like the volume is driven by some kind of trading algorithm rather than a motive to accumulate. And management is essentially non communicative. Also, the price almost always tails off EOD like someone is painting the tape to moderate a daily price increase. Bottom line, I'm finding it challenging to discern any price direction.