Steven Bavaria

Long only, closed-end funds, deep value, long-term horizon
Steven Bavaria
Long only, closed-end funds, deep value, long-term horizon
Contributor since: 2008
Company: Hungry Hollow Books: Author of "Too Greedy for Adam Smith: CEO Pay and the Demise of Capitalism"
12/11/15
Steven Bavaria
$OXLC just announced 60 cent div for next two quarters (i.e. six months through 6/30); smart idea to quell any investor concerns about that
12/11/15
OXLC is a cash generating machine. Why more people haven't discovered this gem is beyond me.
12/14/15
why did they announce that they are going to buyback the pref shares? wouldn't it make more sense to but the common shares?
12/1/15
Steven Bavaria
$ECC just filed to raise $25 Mil. notes at 7%. Reinvesting at average portfolio yield of 16.6% (per 11/17 press release) sounds good to me.
9/8/15
Steven Bavaria
$OXLC's annual stockholder meeting tomorrow at 10:00 in Greenwich, CT (http://bit.ly/1EMk9Bt)
8/27/15
Steven Bavaria
ECC's conference call yesterday reassuring for holders of $OXLC as well as $ECC. GAAP/taxable income gap disappears over life of CLO.
6/4/15
Steven Bavaria
That $OXLC managers believe that augurs well for both $OXLC and $ECC
6/4/15
Steven Bavaria
But the good news on $OXLC is that management wouldn't be raising more stock if they didn't believe there was good opportunity in CLO market
6/4/15
Steven Bavaria
$OXLC had been rising lately on positive cash flow data, but way down today as market must believe new stock issue will be a drag on price
3/4/15
Steven Bavaria
Timing funny, with $ECC announcing dividend increase yesterday, $OXLC's cash flow up, & reported brighter prospects in CLO market generally
3/4/15
Steven Bavaria
Someone must have decided to bail out of CLOs yesterday, as both $OXLC and $ECC were down sharply.
3/4/15
I picked up some OXLC today under 15, others bailing gives me a chance to get in at a reasonable price.
3/4/15
OXLC and ECC pay the same divvy, therefore, when ECC's price equals OXLC's, then I will buy it, till then, buy more OXLC, Stanford.
2/25/15
Steven Bavaria
$ECC up 1% today. Optimism over earnings to be announced Friday 2/27? Listen to management's presentation:http://bit.ly/1LDgHGs
1/13/15
Steven Bavaria
Selz Capital just announced it has bought 7.5% of the common stock of Oxford Lane Capital ($OXLC). (http://bit.ly/1u3Zu0G)
if that is good news the stock price didn't respond
12/16/14
Steven Bavaria
I see $OXLC made an announcement this afternoon re their $35 million stock buyback plan. Probably intended to reassure shareholders.
12/17/14
It is a closed end fund, so it can't issue new shares. Preferred shares are allowed, however.
Preferred is one of the ways closed end funds leverage themselves. Pay 8%, use the funds to earn 15%. Quite safe, senior to the equity.
12/16/14
Steven Bavaria
12/5/14
Steven Bavaria
Credit Risk, Equity Returns: Interpreting Oxford Lane Capital's Financial Results $OXLC http://seekingalpha.com/a/1mmel
10/17/14
Steven Bavaria
$OXLC up .77 to $15.67 yesterday (5.17%). In 18 months I've rec'd 21% in divs, while given back (on paper) 5.5% in cap loss. What a ride!
10/17/14
I really cleaned up on all 3 issues of OXLC preferred stocks. Thanks for your discussion of OXLC, an enigmatic security.
10/17/14
I like it because it pays "off month" from the usual big months, like $MORL, $BDCL, etc.
10/15/14
Steven Bavaria
'18% Off Sale' On Closed End Funds, With Cohen & Steers Closed End Opportunity Fund $FOF http://seekingalpha.com/a/1ix3f
10/14/14
Steven Bavaria
Oxford Lane Capital Gets Company In 'Retail CLO' Space, With Launch Of Eagle Point Credit $ECC http://seekingalpha.com/a/1iukb
10/9/14
Steven Bavaria
Steady Income, But No 'Icing On The Cake' In 3rd Quarter For Savvy Senior IRA http://seekingalpha.com/a/1iog1
7/16/14
Steven Bavaria
'Second Verse, Same As The First' For Savvy Senior IRA Portfolio In 2nd Quarter http://seekingalpha.com/a/1dp51
7/17/14
Hi Steve, I'm curious if you've looked at any of the Double Line funds? Thx
5/30/14
Steven Bavaria
Oxford Lane Capital's Price Pops Above $17, Vindicating Management's Recent Capital Increase $OXLC http://seekingalpha.com/a/1c2pn
5/1/14
Steven Bavaria
'Savvy Senior' IRA Off To Good Start In 2014: 4% Return In 1st Qtr http://seekingalpha.com/a/1artv
3/28/14
Steven Bavaria
Third Avenue Focused Credit Fund's Bet On Lehman Brothers Paying Off http://seekingalpha.com/p/1nv4t
3/11/14
Steven Bavaria
New Oxford Lane Shares Credited, Well In Time For March Dividend http://seekingalpha.com/p/1mvch
3/4/14
Steven Bavaria
Oxford Lane Capital Announces Rights Offering Over-Subscribed $OXLC http://seekingalpha.com/p/1mfo1
2/28/14
Steven Bavaria
Oxford Lane Capital - Monday Deadline For Rights Exercise $OXLC http://seekingalpha.com/p/1m6ut
2/16/14
Steven Bavaria
Review Of 2013: Why My 9% Yield Excites Me More Than My 18% Total Return http://seekingalpha.com/a/17eil
1/29/14
Steven Bavaria
Oxford Lane Capital's New Rights Offering: Not The No-Brainer Of A Year Ago! $OXLC http://seekingalpha.com/a/16aft