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Income Investing
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ECC declares "Special Dividend of $0.45" / Attn: War veterans Good Afternoon.... Many ECC income investors probably did not pick up on this as it is "buried" in their latest declared earnings report on Monday [x-div 8/23, pay 9/8].... My data [cob Friday] shows a report card grade of 81 [0-100 scoring] with a power reading of 84 against a MktPrc of 20.32. The current total score is currently 277 [0-300 scoring].... Some of us have already taken a substantial CapGain on ECC and have been rebuilding our earlier position. Looks good on paper but we have to keep in mind that their NAV on July 31st is between 17.55-17.65 down from 17.71 on 6/30, and this indicates a fewer numb3r of shares should be held than normal [ECC normally reports their NAV Qtly].... Disclosure: Some of us currently hold a phase #2 position [4%-6%] of total portfolio in ECC.... --------------------------------------------------- This a great xmas bonus for a lot of us if taken advantage of. Not so good for the retail sector.... Veterans... Sign Up NOW for Military Exchange Shopping! Forward this article to others that may find this interesting reading. CORRECTION: The link for vetverify.org did not work in original email message. I corrected the link in this message. Less than half of our newsletter subscribers are veterans. If this article isn't of interest to you personally please forward to a veteran that you know or to a family member that served. Starting November 11, 2017 all honorably discharged veterans will be able to shop online at all military exchanges. I've already shopped online at the exchanges because I was selected for the Beta test program and am impressed with how efficient and useful this service is. To qualify for participation in the Veteran's online shopping benefit, you must be an honorably discharged Veteran of the United States Armed Forces. This includes the United States Air Force, Army, Navy, Marines and Coast Guard as well as the Air Force Reserve, Army Reserve, Navy Reserve, Marine Corps Reserve, Coast Guard Reserve and National Guard. This is quite a benefit considering that you will receive exclusive military pricing on name brand products, all purchases are tax free, with free shipping options. Veterans will also be able to apply for a STAR credit card and all purchases made with the card receive free shipping! The STAR card also earns reward points that can be applied to future purchases. You can also use any other major credit card however only purchases over $49 receive free shipping. Still a great deal. Purchases from the exchanges can save veterans a lot of money when you consider there are no taxes and in most cases free shipping. They also match competitor prices. Your first step is to verify your military service at www.vetverify.org/. They ask you for your date of birth, name, and the last four digits of your Social Security number. I received my verification confirmation immediately. According to the VetVerify site, "Only authorized customers can shop online exchanges. To validate eligibility, VetVerify needs the last four digits of your social security number, date of birth and last name to compare against the Defense Manpower Data Center (DMDC) database. If a match is not found with this information, then a full social security number will be requested to conduct a more detailed search." Your military records may not have been digitized yet so they recommend you begin the verification process now. This benefit does not provide access to on-base exchanges, you will only be able to shop online at the following sites: Army & Air Force Exchange Navy Exchange (NEX Navy Exchange) Marine Corp Exchange Some members have already been able to register and log into the Army and Air Force Exchange site after receiving my verification from VetVerify.org. They called their customer service and they said that all who register and are verified will be able to shop on their site starting November 11th. When currently trying to register for the Navy Exchange access they currently require a DOD ID number to register. This requirement should be removed by November. There are some limitations; you can't purchase certain items such as cigarettes or alcohol, military uniforms, guns or ammunition. If you are a veteran sign up now, they made the veteran verification and exchange site registration process easy and many can attest first hand as to how nice it is to actually buy from the exchanges again. It's been many many years since many veterans were discharged from active duty and last visited a BX. Have a "GREAT" week.... Live Long and Prosper.... Best Regards/Eddie.... |
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