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William Packer  

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  • Excellent Growth And Dividend Opportunity In Medley Management [View article]
    After the review of MCCs quarter, I maintain my expectation of a higher than usual/prior core net income per share from MDLY. (This has to do with the growth at Sierra) However, we do not yet know the contribution to fees from institutional accounts/privately managed funds.

    6.4M in base+incentive fees @ sierra.
    9.8M in base+incentive fees @ MCC.

    Total just for those two without institutional/privately managed accounts = 16.2M. This compares to 13.3M in total revenues from the prior Q1 quarter of 2015 which includes institutional capital/privately managed accounts.
    Aug 10, 2015. 05:04 PM | 1 Like Like |Link to Comment
  • Fifth Street Finance beats by $0.02, beats on total investment income [View news story]
    Will not be used... Only earnings in excess of NII will be used.
    Aug 10, 2015. 12:30 PM | Likes Like |Link to Comment
  • Excellent Growth And Dividend Opportunity In Medley Management [View article]
    $MDLY could raise dividend this quarter... but I would be happy @ 0.20 rate. I expect 0.28 to 0.31 earnings after reviewing Sierra quarter. Analysts@0.25 expectation. This is an increase from my 0.25 to 0.28 expectation in the article above.

    $MCC is also a buy ahead of earnings... it could really rip higher like $FSC did today... except that $MCC rally will stick and I think $FSC rally will fizzle.
    Aug 10, 2015. 10:33 AM | Likes Like |Link to Comment
  • It Is Finally Time To Buy Medley Capital Corp. [View article]
    Robert, now that MCC has fallen under $9... it's currently $8.55. I am bullish on the stock. FC operating should get a full recovery back to MCC shareholders... and other credits appear to be doing ok.
    Aug 9, 2015. 09:31 PM | Likes Like |Link to Comment
  • Excellent Growth And Dividend Opportunity In Medley Management [View article]
    They should declare the dividend on Monday.
    Aug 7, 2015. 05:27 PM | Likes Like |Link to Comment
  • Fifth Street Finance Has 50% Upside From These Prices [View article]
    You talk like the guys who told me ACAS was done for in 2009.... it was under $1 at the time.. now it's near $13. Value exists.. you just have to know where to look and be patient.
    Aug 7, 2015. 04:07 PM | 1 Like Like |Link to Comment
  • Excellent Growth And Dividend Opportunity In Medley Management [View article]
    Sierra broker dealer selling agreements increased to over 145 at June 30 vs 131 in the prior quarter. Sounds good to me. http://bit.ly/1KVIQ02
    Aug 7, 2015. 11:42 AM | Likes Like |Link to Comment
  • Excellent Growth And Dividend Opportunity In Medley Management [View article]
    MDLY is unique in that it is the only publicly-traded asset manager to operate a public non-traded BDC. Sierra income, the public non-traded BDC, has the benefits of "permanent capital." That means that the capital is not subject to traditional redemptions. Sierra reported a stable NAV for June 30th, 2015 vs the prior quarter while paying an 8% annualized dividend yield.

    To answer your question more directly, a non-traded BDC is capable of growing while many publicly-traded bdcs are all facing depressed share price valuations and thus unable to issue equity capital at this time. Based on what is going on in the public equity markets for bdcs and the growth rate at Sierra, I believe that Sierra will have equal to or more AUM then MCC by the end of the third quarter. The structure of Sierra is very similar to that of MCC, the main difference being one is publicly-traded and the other is not.

    MCC returning to growth is really more of a 2016 event. I am optimistic that based on sierra's reported results that MCC will report a stable NAV for the second quarter while paying an attractive dividend yield.

    As the joint-ventures for both Sierra and MCC begin to ramp up, earnings for the two bdcs should improve and drive higher returns. The other catalyst for improved AUM growth performance is higher interest rates which would drive better returns for both bdcs.

    The growth rate on the institutional and privately-managed accounts should meet or exceed the recent historical level. Those assets are committed in long-dated funds. The performance of those funds has been quite good and I see no reason why they wouldn't be able to continue a more robust pace of growth there.

    Yes, MDLY has a short operating history as a public company. However, everyone has to start somewhere. The company was rather tiny in comparison back in 2010 and has seen robust interest from investors and thus AUM growth since that time. I believe MDLY will continue to grow into a large scale asset manager over time as evident by their historical track record. This will allow them to continue to diversify their AUM.

    I think you will enjoy that the taube brothers do not sugar coat anything. They come off as very honest (even blunt) and knowledgable about their business. I don't like hearing bs and the honesty out of the folks at MDLY was/is very important to me.
    Aug 7, 2015. 06:57 AM | 1 Like Like |Link to Comment
  • Excellent Growth And Dividend Opportunity In Medley Management [View article]
    There you have it. 977.4M AUM at Sierra as of June 30. http://1.usa.gov/1gfZBpr

    If that doesn't scream buy for MDLY.... Then investors/traders have completely fallen out of their tree. Haha.

    This stock should be trading at a minimum of $12.50. Just my opinion, but wow look at the growth here.

    Dividend could be increased either this quarter or next. Either way, it's coming at some point. Imo.
    Aug 6, 2015. 07:54 PM | 1 Like Like |Link to Comment
  • Excellent Growth And Dividend Opportunity In Medley Management [View article]
    Update: Sierra reports after close of financial markets today:

    " NEW YORK --(BUSINESS WIRE)-- Sierra Income Corporation (the "Company"), today announced that it will release its financial results for the quarter ended June 30, 2015 on August 6, 2015 after the close of the financial markets.
    The Company will host an investor update conference call and audio webcast at 11:00 a.m. (Eastern Time) on Friday, August 7, 2015"

    Also, there a press release by Goldberg law today. These payday loans they are talking about... last I heard, MDLY was not to be charged by the authorities on that. So it shouldn't be an issue in my opinion. The stock fell during the period in which Goldberg mentions because of BDC valuations and oil related fears, in my opinion, and not because of the payday loan investigation. If I am not mistaken, MDLY suffered no damages as a result of that investigation (by New York State's superintendent of the Department of Financial Service) and therefore, it should not have had any impact on the company MDLY. In my opinion, the investigation by Goldberg will not go anywhere.
    Aug 6, 2015. 03:26 PM | Likes Like |Link to Comment
  • Excellent Growth And Dividend Opportunity In Medley Management [View article]
    Update and disclosure: I currently hold 84,000 shares of MDLY. The price is volatile because it is thinly traded. It's not a big deal for investors who do not obsess about the stock price on a day to day basis. In fact, I would not be surprised to see it rebound all the way back before the close of trading today.
    Aug 6, 2015. 11:46 AM | Likes Like |Link to Comment
  • Essex Rental: After More Heavy Lifting, I'm Still Bullish [View article]
    Still bullish after the earnings report?
    Aug 6, 2015. 10:08 AM | Likes Like |Link to Comment
  • Why You Should Sell Your TICC Shares Today At $7.60 [View article]
    Then you should love my MDLY article since it makes the case for an excellent buy and hold. Good luck to you.
    Aug 6, 2015. 06:45 AM | Likes Like |Link to Comment
  • Why You Should Sell Your TICC Shares Today At $7.60 [View article]
    So you are extremely diversified it sounds... And with positions that tiny... It sounds like you would benefit more from an interactive brokers account which would mean like a couple pennies per trade. Also, yeah if you are running extremely tiny position sizes across a zillion stocks.... Honestly, I wouldn't even take the time to respond or read articles like the ones I write... Because they are geared for investors and traders who invest using larger position sizes to capture outsized returns.

    Thanks for your honesty.
    Aug 6, 2015. 01:53 AM | Likes Like |Link to Comment
  • Why You Should Sell Your TICC Shares Today At $7.60 [View article]
    Depends... how much you are paying for brokerage fees and when you timed the trades. I stated TICC was a buy before the recent rally really gained traction. My fees are $6 per trade and I typically do transaction sizes in the tens or hundreds of thousands of shares... So it really depends on the transaction size you are doing and the fees you pay to your broker. Online Broker fees are so low these days that most people don't worry about them impacting total returns. Like even on a 10,000 share purchase... That means value changes by $100 per penny... And fees are $6... That shows just how little fees matter. Or even if its as small as 1000 shares... That still only costs you about half of a penny in fees per share.
    Aug 5, 2015. 11:33 PM | Likes Like |Link to Comment
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