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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: E_K_S who wrote (45986)	7/3/2013 2:52:21 PM
From: E_K_S	Respond to of 78576

Gastar Exploration 8.625% Serie (AMEX: GST-PA) - Peeled off 10% of shares @ $24.65/share GSTpA is my No. 5 largest position in the taxable portfolio and I have begun to peel off shares to raise my cash levels. I acquired these shares in 11/2012 at prices ranging from $12.50/share to $17.50/share. Been selling the high cost shares so all future sales represent a large capital gain. These preferreds pay monthly yielding 8.62% and are reported as a "return of capital". I do not see this one going any higher than $25.00/share PAR value and could easily move lower if NG prices fall and/or well reserves are adjusted lower by the company. No need to deal w/ these uncertainties and it's time to begin to reduce the position. GSTpA currently reflects a 4% value in the taxable portfolio. EKS