Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
Does anyone own FFA stock as a means of income? IT looks great to me and the numbers look promissing. Just wanted to get some second opinions.... Thanks.
Eddie
Print the post Back To Top
No. of Recommendations: 0
<<FFA stock as a means of income? IT looks great to me and the numbers look promissing. Just wanted to get some second opinions...>>

This looks like the same situation I was looking into in preferred stocks. The 10% yield looks great, but what does it mean if the share price drops 10% per year?
Print the post Back To Top
No. of Recommendations: 0
>>>>The 10% yield looks
great, but what does it mean if the share price drops 10% per year? <<<<

Noone knows the future, but past record looks pretty darn good- as this maximum time graph indicates:
http://finance.yahoo.com/q?s=FFA&d=my
Regards,
Eddie
Print the post Back To Top
No. of Recommendations: 0
This looks like the same situation I was looking into in preferred stocks. The 10% yield looks great, but what does it
mean if the share price drops 10% per year?


If you do not intend to sell then you are probably ok.

If the company gets into financial problems the stock will drop and the dividend may stop. Then you will have a problem.

Print the post Back To Top
No. of Recommendations: 0
Does anyone own FFA stock as a means of income? IT looks great to me and the numbers look promissing.
Just wanted to get some second opinions.... Thanks.
Eddie

I have owned FFA since 1994 at $18. Other than SPG, it is the only REIT I have that has appreciated in value. All the others lost thousands in capital, which to me is the same as robbing Peter to pay Paul, only I am robbing myself. Two Reits I owned actually turned into penny stocks...I sold them at a substantial loss. The Reits were purchased for my account (with my stupid approval) by my ML broker. I think he made good money from these sales. When he managed to sell me another $15000 worth of HPT last fall and I realized my error, I changed brokers, make my own stock trades over the internet, use the broker for mutual fund & bond purchases. My portfolio is looking lots brighter thanks to TMF. I still own the REITS and junk bonds I bought through ML, but should any of them approach near to what I paid, I'm getting out. Back to FFA, I believe that it's now an expensive REIT and you could lose some capital. Just doesn't make sense to me.

Fool on!
follydolly
Print the post Back To Top
Advertisement