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Jeffrey Gall  

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  • Eagle Rock Energy misses on revenue [View news story]
    Trading at an 11 pct discount to vnr. Exchange should happen around sep 20. I like the risk reward here
    Jul 29, 2015. 09:20 PM | 1 Like Like |Link to Comment
  • Prospect Capital: Don't Believe The Anti-Hype [View article]
    Look for psec to be taken private at a substantial premium to where the stock currently trades
    Jul 2, 2015. 12:15 PM | 1 Like Like |Link to Comment
  • Prospect Capital - Lies, Distortions And The Truth [View article]
    For what it's worth, here is the response I received from Brian Oswald, CFO:

    Thank you for your support Mr. XXXX.

    As you appear to be a close follower of PSEC, I’m sure you are aware of the yield compression that has occurred over the past two years (200 to 300 basis point reduction in loan rates) due to increased competition, This is the primary source of the decrease in returns to shareholders.

    Prospect management has taken significant steps to keep the income return at the levels that it currently is at. Those include finding new sources of debt, increasing leverage, and finding alternative investments that offer higher returns without increasing the risk in the portfolio.

    In addition, we are analyzing the potential effects of a stock buyback and plan to send the required notice to shareholders ASAP. The 40 Act requires that we notice shareholders before we buy back shares and the previous notice we had made expired in March.

    Once that notice is sent, we will be free to buy back shares. No final decision has been made regarding a share buyback. The issues to be reviewed with a stock buyback include leverage limits, S&P limits for leverage in maintaining the investment grade rating for our debt, and the alternative uses of the cash for investment, which may have better returns than the buyback.

    If you have any further questions, please do not hesitate to contact me.
    Jun 10, 2015. 10:53 PM | 1 Like Like |Link to Comment
  • Annaly Capital May Cut Dividends Going Forward [View article]
    I think a 0.25 divy for next qtr is a given. Always based on core earnings since I've owned it
    May 17, 2015. 08:28 AM | 4 Likes Like |Link to Comment
  • Eagle Rock Energy misses on revenue [View news story]
    1.7x divy coverage sounds good to me. Sold off midstream ops at good time. Looking forward to accretive acquisition in 2015
    Feb 25, 2015. 07:53 PM | Likes Like |Link to Comment
  • Has Eagle Rock Energy Partners Become The Best Upstream MLP Value Play? [View article]
    Hi Tim, they are getting almost 2 cents from this. Then they need to Make 5 cents per share of dcf to cover. I like their prospects going forward
    Jan 29, 2015. 07:52 AM | Likes Like |Link to Comment
  • Mortgage REITs: Let's See What's Behind Door #1! [View article]
    I have an issue with your comment that "While these options won't necessarily protect you in a rising rate environment either" as it relates to PSEC.

    Read PSEC's latest earnings call. They have upside to rising rates - as interest rates rise so will their earnings because they are floating rate loans.
    Aug 29, 2013. 05:11 PM | 3 Likes Like |Link to Comment
  • 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.
    Apr 20, 2013. 10:23 PM | Likes Like |Link to Comment
  • 3 Business Development Companies: The Good, The Bad, And The Maybe? Part 1 [View article]
    yawn
    Jan 24, 2013. 12:38 AM | 1 Like Like |Link to Comment
  • Armour Residential: Strong Dividends Set To Continue [View article]
    This is a fluff article. Where's the analysis?
    Jan 21, 2013. 08:27 PM | 1 Like Like |Link to Comment
  • Time For A BDC Swap: One Stock To Sell And Another To Buy [View article]
    you're right. It should read 102 cents on the dollar. Apologies for the typo
    Jan 7, 2013. 10:51 AM | 1 Like Like |Link to Comment
  • High Probability Of A Special Dividend Or Dividend Increase From Prospect Capital [View article]
    Don't mean to say I called it, but...
    Dec 7, 2012. 09:44 AM | 1 Like Like |Link to Comment
  • Annaly Capital - The Slippery Slope Continues [View article]
    Was there any worthwhile analysis in this article? No, not really.
    Nov 15, 2012. 10:39 AM | 6 Likes Like |Link to Comment
  • Are The Companies In Prospect Capital's Portfolio Healthy? [View article]
    you are right. Should be thousands USD. Thanks for letting me know
    Nov 12, 2012. 02:23 PM | 1 Like Like |Link to Comment
  • Why Gladstone Capital Is A Short Candidate [View article]
    Their PFDs are probably ok. Wouldnt touch the common though
    Sep 7, 2012. 10:33 AM | Likes Like |Link to Comment
COMMENTS STATS
49 Comments
66 Likes