Why It's Time To Sell Baytex Energy And Consider These 3 Alternatives [View article]
aretailguy -- The FFO per share isn't the metric you should look at. It's how much you are willing to pay for a buck and 4 cents of FFO per share. BTE trades at 10x FFO per share. The other guys mentioned here trade between 3 and 4x. BTE is a lot more expensive for a little more FFO.
Gladstone Capital: 3 Reasons To Buy This $8 Stock With A 10% Yield [View article]
Does "solid financial results" mean a precipitous drop in NAV QoverQ? This company is a worst in class BDC that has done nothing but erode NAV faster than it can pay out divies.
How can you say they have solid portfolio companies? Chinese Yellow Pages? That's a good business model. They have 5 or 6 companies valued at 30-50 cents on the dollar that are currently generating income. You tout BAS broadcasing - their debt is valued at 30 cents on the dollar. This company won't be diversifying their portfolio for long when it goes on non-accrual.
Do your homework before you pump garbage stocks such as GLAD. See here and here for reference:
Armour Residential REIT Will Maintain A Big Dividend Through 2014 [View article]
How was this article well written? No comment on any of the metrics relevant to how REITs make money - net interest spreads, sensitivity to interest rates, book value, dividend covered (or not covered) by earnings, etc. Who looks at P/E when valuing REITs?!?
The Consequences Of Prospect Capital's Secondary Offering [View article]
PSEC is paying out 10+%. The divy alone provides outperformance relative to S&P given a flat stock price.
Questions to ask:
Is PSEC growing book value? Ans: Yes. Check out the NAV movement the last 5 quarters.
Is PSEC covering its divies with NII? Yes. Check out the latest earnings release for this piece of info.
They havent written down an investment in something like 2+ years. The fact that they can price this SPO above the most recent book value is a positive in that it increases book value on a per share basis.
My cardinal rule for buying BDCs is make sure to buy at or below NAV. I always keep some powder dry for drops below NAV. By holding and reinvesting the divies, you can easily outperform the market.
High Yield Canadian Oil And Gas Dividend Cuts Are Looming [View article]
I want to echo Livingstone's comment. You assume that because the stock price is declining that a dividend cut is coming. How about some actual analysis? What impact does a 10 dollar decline in oil have on PGH/ERF/PWE/BTE's cash flow? etc etc.
Why It's Time To Sell Baytex Energy And Consider These 3 Alternatives [View article]
3 Business Development Companies: The Good, The Bad, And The Maybe? Part 1 [View article]
Armour Residential: Strong Dividends Set To Continue [View article]
Time For A BDC Swap: One Stock To Sell And Another To Buy [View article]
High Probability Of A Special Dividend Or Dividend Increase From Prospect Capital [View article]
Annaly Capital - The Slippery Slope Continues [View article]
Are The Companies In Prospect Capital's Portfolio Healthy? [View article]
Why Gladstone Capital Is A Short Candidate [View article]
Gladstone Capital: 3 Reasons To Buy This $8 Stock With A 10% Yield [View article]
How can you say they have solid portfolio companies? Chinese Yellow Pages? That's a good business model. They have 5 or 6 companies valued at 30-50 cents on the dollar that are currently generating income. You tout BAS broadcasing - their debt is valued at 30 cents on the dollar. This company won't be diversifying their portfolio for long when it goes on non-accrual.
Do your homework before you pump garbage stocks such as GLAD. See here and here for reference:
http://seekingalpha.co...
http://seekingalpha.co...
Armour Residential REIT Will Maintain A Big Dividend Through 2014 [View article]
Why I Would Avoid Gladstone Capital: Q1 2012 Earnings Breakdown [View article]
Jeff
The Consequences Of Prospect Capital's Secondary Offering [View article]
Questions to ask:
Is PSEC growing book value? Ans: Yes. Check out the NAV movement the last 5 quarters.
Is PSEC covering its divies with NII? Yes. Check out the latest earnings release for this piece of info.
They havent written down an investment in something like 2+ years. The fact that they can price this SPO above the most recent book value is a positive in that it increases book value on a per share basis.
My cardinal rule for buying BDCs is make sure to buy at or below NAV. I always keep some powder dry for drops below NAV. By holding and reinvesting the divies, you can easily outperform the market.
High Yield Canadian Oil And Gas Dividend Cuts Are Looming [View article]
Is The Enerplus Dividend Sustainable? [View article]
Preferred CEF Showdown, Part 1: Flaherty & Crumrine - My Top Pick [View article]