Violent Capitalist

Prospect Capital: A Relatively Safe Dividend Yield

just an fyi 4Q earnings expected to come in at .30-.40/share

that sucks, but its not terrible - there will probably be some weakness in the shares for the rest of 2009. Nice to sell puts to lock in a lower price (risk reduction). $7.50 will be way too low of a share price for these guys and I'll look to that end to open another short puts position during the rest of 2009.

stickto - ARCC is not of the same level, their capital structure is not more conservative - I dont' like the fact that their leverage is 80+% of net assets, forced to reduce their dividend, and a history of paying higher dividends than net interest income - i just can't fathom why that's a good long-term policy!