RE:RE:There was the dump we were waiting forNot sure if you are short or just out of touch with reality. DFN at this moment in time, has lost a whole 5 cents since JUNE 30th and the premium now is about 10% if i not mistaken. IN past times, any split that was paying in the downturn like this got a 25 % premium. Only 2 days until Quadravest does the calculation for distributions for commons, and DFN has about $1.25 in coverage. I can GUARANTEE this ... DFN commons will get paid distributions for JULY in August.
Shorts took out some stop-losses and made a nice entry level imo...
Moneyman70 wrote:
Chicken littles? More like they can see the writing on the wall and at over $7 you are already underwater. DFN has been trading at premiums of 25% or more lately which is way overvalued. In the real world this thing should actually be trading at a discount to NAV like around $6.00 for the added risk. As interest rates contunue to rise DFN will continue to drop. They only have an 8% cushion over the $15.00 threshold so unless they can do another overnight offering (which they cannot right now) to raise more cash the DFN commons will stop paying again, guaranteed. Since it's inception, the commons have lost half their value and the NAV continues to erode but Quadravest can keep it propped up by issuing ever more shares... until now.