EMD dividend cut to 8 cents a share monthly. There will be dividend cuts to many investments over the next year. At current price the distribution rate is just under 10%. The cut should help the share price, likely the reason behind today’s jump.
EMD dividend cut to 8 cents a share monthly. There will be dividend cuts to many investments over the next year. At current price the distribution rate is just under 10%. The cut should help the share price, likely the reason behind today’s jump.
LOL so this great investment is cutting its payout by 11.1%, meaning that now only 17.37% of the payout will be your own money they’re giving back to you. Brilliant! LOL
LOL ok since the board geniuses aka morans won’t answer, I will:
RETURN OF CAPITAL😳.
Say what? So far this FY, 28.47% of EMD’s distribution has come from return of capital, including 28.44% of the most recent distribution in April.
And the genius thinks he’s getting a big fat dividend! LOL!
Outperforming the 30% leverage, looks like. That is the way Closed End Funds operate. But you never understood anything but trolling nonsense.
LOL you must be insane. “Outperforming its leverage”! At negative earnings! Oh by the way, there’s nothing to say that the decrease in payouts won’t be the result of reduced net investment income, rather than the result of decreased return of capital. Brilliant management!
geez big old Target is down 23% this morning. Amazing that a brand and company that established can get hammered so badly. I could not sleep at night owning individual stocks.
also, the yield curve seems to be steepening....the new story is that recession talk is overblown and given the strong consumer and mfgring numbers, a recession in 2022 is not happening and the odds of one in 2023 are decreasing.
that won't help the fed...sounds like they can't rely on a slowing economy to cool demand. but the strong dollar and weak china will help...should be able to buy massive amounts of cheap stuff from an ailing China. Which will help on the inflation front.
geez big old Target is down 23% this morning. Amazing that a brand and company that established can get hammered so badly. I could not sleep at night owning individual stocks.
also, the yield curve seems to be steepening....the new story is that recession talk is overblown and given the strong consumer and mfgring numbers, a recession in 2022 is not happening and the odds of one in 2023 are decreasing.
that won't help the fed...sounds like they can't rely on a slowing economy to cool demand. but the strong dollar and weak china will help...should be able to buy massive amounts of cheap stuff from an ailing China. Which will help on the inflation front.
You own any mutual funds?
All comprised of individual stocks.
Lining up to be another bad day...giving away yesterday's modest gains
geez big old Target is down 23% this morning. Amazing that a brand and company that established can get hammered so badly. I could not sleep at night owning individual stocks.
also, the yield curve seems to be steepening....the new story is that recession talk is overblown and given the strong consumer and mfgring numbers, a recession in 2022 is not happening and the odds of one in 2023 are decreasing.
that won't help the fed...sounds like they can't rely on a slowing economy to cool demand. but the strong dollar and weak china will help...should be able to buy massive amounts of cheap stuff from an ailing China. Which will help on the inflation front.
You own any mutual funds?
All comprised of individual stocks.
Lining up to be another bad day...giving away yesterday's modest gains
Target, WalMart, and several other companies are telling you the days of improving corporate margins is over. Labor cost, materials, energy, and cost of capital are unlikely to be significantly cheaper in the future.
this is obviously a terrible day but the good news is that bonds are steady as rocks. Up overall, and even corporate bonds are flat.
Bondlandia may be telling us that the inflation scare is ending and a ten year at 3% is about right. If bonds saw inflation as an ongoing threat yields would probably still be rising. But they aren't. Right now, anyway.
In any case, it is a gift to portfolio management to get 3-4% from bonds and have them again zig when stocks zag. Makes everything work better.
new fear is that the economy is slowing faster than the official stats show, and every company is going to say 'we had no idea costs would go up so much,' so they'll raise prices and feed into an inflationary spiral.
or retails are stuck with too much inventory now and have to drop prices. Which would help with inflation but certainly not profits.
so the question is if we are on the precipice of a new level down, as one company after the next blows up because of these higher costs and maybe less revenue.
I agree with the Jeremy Grantham interview aired on CNBC last hour. Market behaving like 2000, and inflation/stagflatiion tracking the 1970s. Investors seem oblivious to the fact that we face some tough years ahead. Politicians and the Fed set this up for maximum frustration, one leg down at a time.
I agree with the Jeremy Grantham interview aired on CNBC last hour. Market behaving like 2000, and inflation/stagflatiion tracking the 1970s. Investors seem oblivious to the fact that we face some tough years ahead. Politicians and the Fed set this up for maximum frustration, one leg down at a time.
of all people to believe, grantham is not the one. I'm not sure anyone has been wrong longer and more often and on more diverse subjects than one jeremy grantham.
I agree with the Jeremy Grantham interview aired on CNBC last hour. Market behaving like 2000, and inflation/stagflatiion tracking the 1970s. Investors seem oblivious to the fact that we face some tough years ahead. Politicians and the Fed set this up for maximum frustration, one leg down at a time.
of all people to believe, grantham is not the one. I'm not sure anyone has been wrong longer and more often and on more diverse subjects than one jeremy grantham.
Nonsense! Sven has been voted Most Incorrect Person of the Year at least 5 times in the past 10 years
I agree with the Jeremy Grantham interview aired on CNBC last hour. Market behaving like 2000, and inflation/stagflatiion tracking the 1970s. Investors seem oblivious to the fact that we face some tough years ahead. Politicians and the Fed set this up for maximum frustration, one leg down at a time.
of all people to believe, grantham is not the one. I'm not sure anyone has been wrong longer and more often and on more diverse subjects than one jeremy grantham.
And how right has ALL of Wall Street been in predicting this, or any bear market?
of all people to believe, grantham is not the one. I'm not sure anyone has been wrong longer and more often and on more diverse subjects than one jeremy grantham.
And how right has ALL of Wall Street been in predicting this, or any bear market?
and they've been right to be bullish on US stocks. Up what....12% per year for 10 years?
Last I heard Grantham recommended going near 100% on emerging market stocks 10 years ago. 10 year return: 4%.
And how right has ALL of Wall Street been in predicting this, or any bear market?
and they've been right to be bullish on US stocks. Up what....12% per year for 10 years?
Last I heard Grantham recommended going near 100% on emerging market stocks 10 years ago. 10 year return: 4%.
Wall Street can thank the biggest asset bubble in history to $8.5 Trillion in Fed QE, record low interest the Fed engineered to fuel unhinged consumer, government, and corporate spending. The dopy politicians went along with the same because it is all just about power. Guess what? It unleashed transitory inflation that turned out to be quite ordinary. Sorry the genie is out of the bottle, and Grantham is right on what will be the most consequential investment decision of the next decade.
I'm sure many other hedge funds have been liquidating, driving markets down artificially low. Opportunity for the brave?
Melvin Capital, the hedge fund run by Gabe Plotkin that struggled with heavy losses last year as it reeled from wrong-way bets on GameStop, is shutting down, according to a letter sent to investors on Wednesday that was reviewed by The New York Times. Mr. Plotkin wrote to his investors that he had decided that the “appropriate next step” was to liquidate the fund’s assets and return cash to all investors. Mr. Plotkin, who founded Melvin in 2014, also wrote that he recognized he needed to “step away from managing external capital.”