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William Packer  

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  • William Packer
    $APO or other larger asset managers may be considering bid for $FSAM. $13.75 buyout? It would shaft the IPO investors of FSAM if LT did it..
    Wed, 1:30 PM
    Reply (25)
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    • Omer Altay: It'll be difficult to buy $10M worth near $10. The time to make big volume buys was on the drop. Little liquidity now.
      Thu, 8:44 PM
    • Omer Altay: Also I plan to buy more FSAM. 15k Is a big position for me, but this seems undervalued at today's price. Wish I bought more on the drop.
      Thu, 8:44 PM
      • William Packer
        When you factor in taxes and everything.. It makes sense that investors $FSC sell and buy $FSAM instead. Just simple logic there.
        Mon, 8:54 PM
        Reply
          • William Packer
            I haven't sold a single share. $FSAM. Dividend is variable... based on each quarters earnings. Could earn 0.24 next quarter and pay a 0.20
            Mon, 11:17 AM
            Reply (10)
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            • Keith E. Williams: Looking again trying to figure the new bottom.
              Mon, 12:33 PM
            • riotmaker: i might buy under $9 lol
              Mon, 2:41 PM
              • William Packer
                Net income per share attributable to Fifth Street Asset Management Inc. Class A common stock - Basic and Diluted $ 0.22 $FSAM
                May 15, 5:54 PM
                Reply (1)
                • William Packer: Headline number reads different... Than what it says inside the release...
                  May 15, 5:54 PM
                  • William Packer
                    Way off on my $FSAM estimate. 0.19 earned... Dividend 0.17. Under my 0.20 estimate. But they are buying back 1/3 of FSAM class A stock
                    May 15, 5:26 PM
                    Reply (5)
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                    • William Packer: And the buyback will be accretive.
                      May 15, 11:27 PM
                    • cubeless: i'll be hiding in your draft... hopefully we get a little run out of this...
                      May 15, 11:29 PM
                      • William Packer
                        Earnings estimate for $FSAM = $0.25 to 0.27 per share, beating 0.23 analyst estimate. driven by AUM growth, CLO/private managed
                        May 15, 11:56 AM
                        Reply (3)
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                        • William Packer: dividend cut already priced in... $MDLY currently pays 0.20.... FSAM should be able to pay 0.20 or better.
                          May 15, 11:59 AM
                        • William Packer: MDLY is a higher price too...
                          May 15, 11:59 AM
                          • William Packer
                            Been buying $FSAM today. Wish me luck.
                            May 15, 11:01 AM
                            Reply (2)
                            • William Packer: I have it at $10.65 cost average
                              May 15, 11:01 AM
                            • William Packer: I don't any MTGE anymore
                              May 15, 11:02 AM
                              • William Packer
                                My earnings projection for $MDLY is 0.17 to 0.19 and 0.20 divy.
                                May 13, 11:45 AM
                                Reply
                                  • William Packer
                                    Updating.... I own 48,000 shares of $MTGE as of the close of trading today.
                                    May 12, 6:53 PM
                                    Reply
                                      • William Packer
                                        $MTGE is oversold. MTGE has the ability to move funds into non-agency more than current... driving 14% or so ROE. Also, eventually MSR...
                                        May 12, 9:54 AM
                                        Reply (10)
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                                        • William Packer: Gary will figure it out.. he always does.
                                          May 12, 10:53 AM
                                        • William Packer: I know how to fix MTGE... Have AGNC buy MSRs and use MTGE's RCS to service those... big increase to income side... AGNC gets benefit of MSR
                                          May 12, 12:07 PM
                                          • William Packer
                                            Forgot to update on SA... I no longer hold a position in $FSAM. I bought $MTGE, 24,000 shares. Rest in cash.
                                            May 11, 3:56 PM
                                            Reply (12)
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                                            • William Packer: Thanks mstar
                                              May 11, 4:17 PM
                                            • woodywood.com: These REITs values are high beta to interest. I got burned. monitor value and rates close.
                                              May 11, 5:39 PM
                                              • William Packer
                                                As I was saying... $FSC is considering the change of management fees on NeW capital raised. This does not hurt current AUM for $FSAM. And...
                                                May 11, 6:55 AM
                                                Reply (5)
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                                                • William Packer: Overall, the quarter wasn't bad @FSC
                                                  May 11, 7:12 AM
                                                • William Packer: The fear about $fsam fee structure declining or being reduced is over. Current AUM is good. Should cause rebound in FSAM stock price.
                                                  May 11, 7:20 AM
                                                  • William Packer
                                                    My expectations for $FSC earnings report are as follows:
                                                    May 9, 10:58 AM
                                                    Reply (35)
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                                                    • William Packer: I could blog post though
                                                      May 10, 10:16 AM
                                                    • Wine Maker: Gotcha....well thank you then for going the extra mile, William! :-))
                                                      May 10, 3:18 PM
                                                      • William Packer
                                                        As of today, I own 77,777 shares of $FSAM common stock. $FSC, $FSFR
                                                        May 7, 4:37 PM
                                                        Reply (5)
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                                                        • evegas: $FSFR is by far the most undervalued BDC out there, I continue to add on any pullbacks. FSFR should be trading in the high 11's or low 12"s.
                                                          May 10, 1:25 PM
                                                        • William Packer: I agree about FSFR
                                                          May 10, 3:16 PM
                                                          • William Packer
                                                            I am continuing to buy for client accounts today in $FSAM. We see value here and are adding to our positions. $MDLY, $PSEC, $FSC, $FSFR,
                                                            May 7, 2:23 PM
                                                            Reply
                                                              • William Packer
                                                                The entire sector is trading at huge discounts. big fee structure or not. See $FSFR, low fee structure. Still big discount. $FSC, $PSEC
                                                                May 7, 12:39 PM
                                                                Reply (22)
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                                                                • Stanford Chemist: Thanks William. Really appreciate your wisdom. I didn't think of MAIN's NAV growth that way.
                                                                  May 7, 3:15 PM
                                                                • dundey: Appreciate your insight Mr. Packer, keep posting!
                                                                  May 7, 5:29 PM
                                                                  • William Packer
                                                                    SOLD $PSEC @ $7.78, 53000 shares, purchased 38,888 shares of $FSAM @ $10.75 to $10.80.
                                                                    May 6, 2:45 PM
                                                                    Reply (18)
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                                                                    • Stanford Chemist: Always nice to learn from the experts!
                                                                      May 6, 6:49 PM
                                                                    • William Packer: Sure, no problem. Thanks again for the comments.
                                                                      May 6, 6:57 PM
                                                                      • William Packer
                                                                        $PSEC likely to reduce fees soon, perhaps as early as this earnings report. Why? because they will have the new fund to rake in AUM growth.
                                                                        May 6, 11:19 AM
                                                                        Reply (4)
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                                                                        • William Packer: it's the smart thing to do... give yourself advantage over peers by fee structure... then use that opportunity to grow their managed funds
                                                                          May 6, 11:21 AM
                                                                        • William Packer: AUM growth isn't always a straight line for managers... PSEC knows this.
                                                                          May 6, 11:21 AM
                                                                          • William Packer
                                                                            Bought 53,000 shares of $PSEC today @ 7.59 cost average, sold 37,500 shares of $FSAM to fund the buy.
                                                                            May 6, 10:10 AM
                                                                            Reply (2)
                                                                            • William Packer: cash balance increased by $6,888 so not a complete transfer of those funds
                                                                              May 6, 10:10 AM
                                                                            • William Packer: but close.. and I see PSEC as a deep value opportunity.
                                                                              May 6, 10:11 AM
                                                                              • William Packer
                                                                                I am throwing in the towel on $MCC ... price is in the $9.30s... more non-accrual loans on horizon.
                                                                                May 1, 1:36 PM
                                                                                Reply (5)
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                                                                                • William Packer: Will be 100% invested in FSAM
                                                                                  May 1, 1:37 PM
                                                                                • William Packer: http://seekingalpha.com/a/1sdy0
                                                                                  May 1, 1:39 PM