Here’s my issue with the whole HASI situation. There’s very little public information out there compared to some stocks. Why did HASI drop 1% on Friday, while the rest of the market was up 1%?
Don’t judge a security by a few days of market action. If you are concerned with Friday’s price drop, then by all means you should be selling. I have no inside knowledge as to why the price is down over the past few weeks. Maybe its because the president is talking about coal and oil and gas and not talking about renewable energy.
Secondly, why is it trading 8% under its secondary offering price of $20 a share from a few weeks ago? Based on your understanding of it, is the current price of $18.35 a share a decent entry point for both stock price appreciation and dividend growth?
Same question-same answer–
Current price IMHO is a decent entry point at the current price. I added a few on Jan 31 at $18.39.
Dividend growth- Management just increased the Dec dividend 10% from $0.30 to $0.33 and it was paid in early Jan
B&W, there are a lot of good REITs out there to choose from, including the SWANs (sleep well at night) that Brad Thomas and others pick. Why should someone put money into HASI, instead of OHI, SOHO, or some of the other options? What made you pick it, and how did you evaluate it’s financials (FFO, debt-level, dividend growth history, etc).
You are giving me Your opinion-Brad Thomas’s opinion and a mysterious “others opinion” those opinions don’t pay my bills My opinion on HASI have already in the 2 years paid 7 to 8 months of my bills for ONE YEAR. I am sure other stocks maybe could do as well or better. The problem is there are 15K to 20K stocks on wall street and I am not ready to start DD on them all.
How I picked HASI? It came across my radar-I investigated-I made a small investment in it and it did the rest so far. It has given me a lot of opportunities to have funds added to it and as I said, it has supported me by paying about 7 to 8 months of my bills .
I follow winners- Does it work all the time? No but it works for me a lot more than it doesn’t.
What I do is not for everybody. It works for me-It might not work for you. I would like to take HASI off the table because you and everyone else is looking at it as if it is the anchor of my portfolio when I told everyone here numerous times it is just another stock in the portfolio and nowhere even near the most important. It doesn’t merit all the close examination everyone wants to give it. It’s just a little “Green Energy” company that makes money, that I picked 2 years ago that has cranked out a lot of income and appreciation over that time.
Everyone here appears to be looking for guarantees. I was told many years ago by someone smarter than me, that Wall Street has no guarantees—And if you wanted a guaranty, you would have to buy a washing machine. They all come with Guarantees.
Best Regards
b&w