OT: chasing yield for IRA: Jon, IJ, and whoever dabbles in the credit services companies . . . there has been a tremendous run in the CS companies of late. After collecting several pretty nice dividends and some capital gains on BKCC, I pitched it out of my IRA today. I'm with Peter, I think the market is getting ahead of itself here, though earnings have been better than expected. I don't think that latter trend is going to last. In light of richer valuations of these companies, I was wondering if you had any ideas in this space. I'm looking at MFA, which is similar to NLY but more cheaply valued and with similar yield. They just announced a stock offering, which is hurting it a few per cent after hours. Akin to HGSI's raise, this is probably a good time to do it. I'm tempted to start a position, and add more aggressively as the market pulls back. If the market doesn't pull back, I can only hope it takes my chief biotech holding, MNTA, with it.
MFA is paying out its dividend in a couple of days, so I've got some time to become a shareholder and still collect the next one.
Also checking out NLY, TCAP.
Thoughts?
TIA & Cheers, Tuck |
