Correction
WFC 222%
I'm selling and taking profits.
WFC 222%
I'm selling and taking profits.
Investors....come in please!
- Thread starter Last_Z
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Question on load. My local credit union's investment branch does Hancock funds. They quoted me a fund with a 5% up-front load and a 0.75% expense ratio. I'm thinking that's not a good fund, and that I should leap into something set and forget with low expenses like a Vanguard balanced fund.
Fees add up over a period of many years.
Vanguard has ultra low fees.
Vanguard has ultra low fees.
Vanguard is hard to beat.
Thanks! Time to talk with Vanguard and open an account.
I bought some airline stocks when oil was almost at the bottom.
heads up: economy is decelerating sharply and the stocks are just taking notice. this could be big. full disclosure: moved money from cash to short XLF, short UUP, and long GLD yesterday.
So what do you do?
Sell, buy more, just sit and watch?
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ARMOUR Residential REIT, Inc. Announces Expected Increased Common Stock Dividends in Q3 2015; Reverse Stock Split
BY GlobeNewswire
— 7:00 AM ET 06/18/2015
VERO BEACH, Fla., June 18, 2015 (GLOBE NEWSWIRE) -- ARMOUR Residential REIT, Inc. ( ARR
) ("ARMOUR" or the "Company") today announced that it expects to increase common
stock dividends in Q3 2015 and that its Board of Directors has approved a reverse stock split of ARMOUR's outstanding shares of common stock at a ratio of one-for-eight.
One-for-Eight Reverse Stock Split
The reverse stock split is scheduled to take effect at about 5:00 p.m. Eastern Time on July 31, 2015 (the "Effective Time"). At the Effective Time, every eight issued and outstanding shares of common stock of the Company will be converted into one share of common stock of the Company. In addition, at the Effective Time, the number of authorized shares of common stock will also be reduced on a one-for-eight basis. The par value of each share of common stock will remain unchanged. Trading in ARMOUR's common stock on a split adjusted basis is expected to begin at the market open on August 3, 2015. ARMOUR's common stock will continue trading on the NYSE under the symbol "ARR" but will be assigned a new CUSIP number. The Company believes that existing stockholders will benefit from the ability to attract a broader range of investors as a result of the reverse stock split and a higher per share stock price. In this regard, the Company notes that the average book value of ARMOUR's common stock over the last five trading sessions was approximately $4.00 per share, which is approximately 28% above last night's closing price of $2.87.
As a result of the reverse stock split, the number of outstanding shares of ARMOUR's common stock will be reduced from approximately 350,000,000 to approximately 43,750,000. Concurrently, the authorized number of shares of common stock will be reduced from 1,000,000,000 to 125,000,000.
No fractional shares will be issued in connection with the reverse stock split. Instead, each stockholder holding fractional shares will be entitled to receive, in lieu of such fractional shares, cash in an amount determined on the basis of the average closing price of ARMOUR's common stock on the NYSE for the three consecutive trading days ending on July 31, 2015. The reverse stock split will apply to all of ARMOUR's authorized and outstanding shares of common stock as of the Effective Time. Stockholders of record will be receiving information from Continental Stock Transfer & Trust Company, ARMOUR's transfer agent, regarding their stock ownership following the reverse stock split and cash in lieu of fractional share payments, if applicable. Stockholders who hold their shares in brokerage accounts or "street name" are not required to take any action in connection with the reverse stock split.
Q3 2015 Common Stock Dividends
The Board of Directors of ARMOUR today announced the Company's expected third quarter 2015 cash dividend rates per common share as set forth below.Month Dividend Holder of Record Date Payment Date
July 2015 $0.04 July 15, 2015 July 27, 2015
August 2015 $0.33 August 17, 2015 August 27, 2015
September 2015 $0.33 September 15, 2015 September 28, 2015
The expected July 2015 dividend rate of $0.04 per common share, which is the same as the Q2 2015 dividend rate, does not reflect the effect of the reverse stock split and would be equivalent to $0.32 per common share on a basis reflecting the one-for-eight reverse stock split. After the completion of the reverse stock split on July 31, 2015, ARMOUR's August 2015 and September 2015 dividend rates are expected to be set at $0.33 per share. As a result, the aggregate dividends per common share that ARMOUR expects to pay in Q3 2015 is an increase over the aggregate dividends per common share that the Company paid in Q2 2015.
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Sell, buy more, just sit and watch?
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ARMOUR Residential REIT, Inc. Announces Expected Increased Common Stock Dividends in Q3 2015; Reverse Stock Split
BY GlobeNewswire
— 7:00 AM ET 06/18/2015
VERO BEACH, Fla., June 18, 2015 (GLOBE NEWSWIRE) -- ARMOUR Residential REIT, Inc. ( ARR
) ("ARMOUR" or the "Company") today announced that it expects to increase common
stock dividends in Q3 2015 and that its Board of Directors has approved a reverse stock split of ARMOUR's outstanding shares of common stock at a ratio of one-for-eight.
One-for-Eight Reverse Stock Split
The reverse stock split is scheduled to take effect at about 5:00 p.m. Eastern Time on July 31, 2015 (the "Effective Time"). At the Effective Time, every eight issued and outstanding shares of common stock of the Company will be converted into one share of common stock of the Company. In addition, at the Effective Time, the number of authorized shares of common stock will also be reduced on a one-for-eight basis. The par value of each share of common stock will remain unchanged. Trading in ARMOUR's common stock on a split adjusted basis is expected to begin at the market open on August 3, 2015. ARMOUR's common stock will continue trading on the NYSE under the symbol "ARR" but will be assigned a new CUSIP number. The Company believes that existing stockholders will benefit from the ability to attract a broader range of investors as a result of the reverse stock split and a higher per share stock price. In this regard, the Company notes that the average book value of ARMOUR's common stock over the last five trading sessions was approximately $4.00 per share, which is approximately 28% above last night's closing price of $2.87.
As a result of the reverse stock split, the number of outstanding shares of ARMOUR's common stock will be reduced from approximately 350,000,000 to approximately 43,750,000. Concurrently, the authorized number of shares of common stock will be reduced from 1,000,000,000 to 125,000,000.
No fractional shares will be issued in connection with the reverse stock split. Instead, each stockholder holding fractional shares will be entitled to receive, in lieu of such fractional shares, cash in an amount determined on the basis of the average closing price of ARMOUR's common stock on the NYSE for the three consecutive trading days ending on July 31, 2015. The reverse stock split will apply to all of ARMOUR's authorized and outstanding shares of common stock as of the Effective Time. Stockholders of record will be receiving information from Continental Stock Transfer & Trust Company, ARMOUR's transfer agent, regarding their stock ownership following the reverse stock split and cash in lieu of fractional share payments, if applicable. Stockholders who hold their shares in brokerage accounts or "street name" are not required to take any action in connection with the reverse stock split.
Q3 2015 Common Stock Dividends
The Board of Directors of ARMOUR today announced the Company's expected third quarter 2015 cash dividend rates per common share as set forth below.Month Dividend Holder of Record Date Payment Date
July 2015 $0.04 July 15, 2015 July 27, 2015
August 2015 $0.33 August 17, 2015 August 27, 2015
September 2015 $0.33 September 15, 2015 September 28, 2015
The expected July 2015 dividend rate of $0.04 per common share, which is the same as the Q2 2015 dividend rate, does not reflect the effect of the reverse stock split and would be equivalent to $0.32 per common share on a basis reflecting the one-for-eight reverse stock split. After the completion of the reverse stock split on July 31, 2015, ARMOUR's August 2015 and September 2015 dividend rates are expected to be set at $0.33 per share. As a result, the aggregate dividends per common share that ARMOUR expects to pay in Q3 2015 is an increase over the aggregate dividends per common share that the Company paid in Q2 2015.
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Originally Posted By: friendly_jacek
heads up: economy is decelerating sharply and the stocks are just taking notice. this could be big. full disclosure: moved money from cash to short XLF, short UUP, and long GLD yesterday.
heads up: economy is decelerating sharply and the stocks are just taking notice. this could be big. full disclosure: moved money from cash to short XLF, short UUP, and long GLD yesterday.
Originally Posted By: surfstar
Originally Posted By: friendly_jacek
heads up: economy is decelerating sharply and the stocks are just taking notice. this could be big. full disclosure: moved money from cash to short XLF, short UUP, and long GLD yesterday.
made some decent money on short UUP (covered on 6/18/15). was stopped from the other positions with minimal loss. now, it's time to reevaluate.
Originally Posted By: friendly_jacek
heads up: economy is decelerating sharply and the stocks are just taking notice. this could be big. full disclosure: moved money from cash to short XLF, short UUP, and long GLD yesterday.
made some decent money on short UUP (covered on 6/18/15). was stopped from the other positions with minimal loss. now, it's time to reevaluate.
I believe the developed international markets have more upside and less downside than the domestic markets at this point. I went all international in my 401K several months ago with Euro-Pacific growth, RERGX.
Originally Posted By: friendly_jacek
now, it's time to reevaluate.
it was a good thing to reload the shorts and go long VIX. exiting with profits now. there is probably money left on the table, but with VIX well outside weekly BB, it's good enough.
besides, stock do well about 7/4th.
now, it's time to reevaluate.
it was a good thing to reload the shorts and go long VIX. exiting with profits now. there is probably money left on the table, but with VIX well outside weekly BB, it's good enough.
besides, stock do well about 7/4th.
Looks like the Greeks are creating another buying opportunity. Just not sure exactly when to buy...
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