MCG Capital Corporation (MCGC)

All Comments on MCGC

  • commenter
    Oldguy67
    Aug 24 01:53 PM
    The Top Dividend Paying ETFs and Stocks [view article]
    for Frank Li, Dividend stocks are a great way to make a
    living especially for those of us who are retired. I have been
    investing in dividend stocks for 52 years and have no regrets.
    I retired at 44 (23 years ago) and make a 6 figure income, which
    is really what you want and need when you retire.     Reply
  • commenter
    TheDoc
    Aug 11 06:38 PM
    MCG Capital: Squeaking By? [view article]
    Guys,
    although MCGC's shares have not done too well, they will spike again. similar to abk... be careful.. if my expectations are correct, they will hit back around 10, but will fizzle out slowly again..
    any thought?     Reply
  • commenter
    User 241905
    Aug 11 01:18 PM
    MCG Capital: Squeaking By? [view article]
    MCGC has alot to answer for.... especially to its' shareholders... why? when 1) the company is not performing and 2) the stocks are not performing: yet, they are still making a profit, and yes, they are still driving their Mercs around, there's a problem.. Reply
  • commenter
    User 241905
    Aug 11 01:17 PM
    MCG Capital: Squeaking By? [view article]
    MCGC has alot to answer for.... especially to its' shareholders... why? when 1) the company is not performing and 2) the stocks are not performing: yet, they are still making a profit, and yes, they are still driving their Mercs around, there's a problem.. Reply
  • commenter
    RicheeRich
    Jun 25 08:20 AM
    General Discussion on MCGC
    MCG can easily make $9.50 without any disposition of Broadview. At $4.00, we are trading at around ONE FOURTH of book value. Broadview doesn't account for very much of the entire asset collection, nor the income base. There should be major correction to the upside looming, perhaps once people realize that the .27 dividend is sustainable beyone Q1 of next year. If the price correction doesn't materialize anytime soon, then any Broadview monies should be used to buy back shares on the open market. At these prices, it would be a huge boost to our equity. Reply
  • commenter
    LOUSIEGS
    Jun 21 02:08 PM
    MCG Capital: Squeaking By? [view article]
    The moment MCG monetize sits 300 M value in Broadview we've got a $9.50 share price. It's becoming that simple. I also agree, the obtaining of a credit facility was crucial and is now done. So, it's Broadview, Broadview, Broadview. Reply
  • commenter
    Cargan
    Jun 17 12:02 PM
    MCG Capital: Squeaking By? [view article]
    Nicholas: Thanks so much for following and writing about this issue. We have been long for some time and have a similar read of the filings. I was wondering if Einhorn's book would effectively cast a shadow over all BDCs (the accounting for which seems by its nature very hard to peg). We take comfort in the depth of the management team and await hopefully for the gears to begin turning again. Reply
  • commenter
    jjason
    Jun 08 01:00 PM
    MCG Capital: Squeaking By? [view article]
    Nicholis, Thanks for your reply. I am holding onto my shares too.

     Reply
  • commenter
    Nicholas
    Marshi
    Jun 07 02:30 AM
    My Website
    MCG Capital: Squeaking By? [view article]
    To answer Jjason: No, I wouldn't add more shares to my Long position in MCGC. As I alluded to in the article, I actually turned negative on MCGC months ago before the stock price dropped. I sold out of my main portfolio (which is all BDC stocks). However, I failed to sell the Long MCGC position I had in another account. By the time I realized what I hadn't done, the stock price had dropped and I didn't want to realize a major loss. I'm hopeful over time that MCGC will find its way back: probably by achieving the ever more unlikely Broadview IPO, turning around Cleartel (and selling it ideally) and staunching any further bad debt issues with its Control portfolio. If MCGC also successfully invests its SBIC monies and raises a warehouse line for a CLO we might see some earnings growth. However, there are too many uncertainties at the moment to even consider "doubling up" despite the huge nominal dividend yield at the current price level. This might be a 2-3 year hold before MCGC deals with all its problems and success is by no means certain. So I wouldn't say I'm bullish. I'm just stuck and hopeful. Of course, if I start to feel that bankruptcy is a real option I'd sell for whatever I could get but that seems less likely now than it did just a few days ago before the Revolver rejigging. Reply
  • commenter
    PortfolioGuy
    Jun 06 09:58 PM
    My Website
    MCG Capital: Squeaking By? [view article]
    Not too many people write about MCGC. I wrote up an analysis of the company 5 months ago for my clients since several of them were interested in investing in MCGC. I told them at $12 the company was a sell. The main reason for the call was a result of the research I did related to the 20% position in the teleco's. Personally I am not as bullish on the company as you are, but I also wouldn't go short here, so I guess you could say I'm neutral on the stock now. It is encouraging and rather suprising they got the deal they did on the line. Reply
  • commenter
    jjason
    Jun 06 02:18 PM
    MCG Capital: Squeaking By? [view article]
    Thanks for the article. I am long MCGC too. At this time, would you add more shares to your portfolio?

     Reply
  • commenter
    Blindsided
    Jun 06 02:06 PM
    MCG Capital: Squeaking By? [view article]
    Thanks! Glad to read you are following MCGC and willing to publish your analysis please keep it up. Wall Street has run away as is typical of those (bleep).

    If you like specialty financial stocks that now trade at call option price levels that no one follows any longer take a look at CHC and MMAB. Hint with CHC: Stephen M. Ross ( Half owner of the Miami Dolphins) is the money in this "alternative asset management" company. Bot the farm on this value/yield trap trifecta.     Reply
  • commenter
    Sekhar
    Jun 05 09:59 AM
    My Website
    19 Stocks Going Ex-Dividend for the Next Three Weeks [view article]
    Nice list - do note, however, that PEG has erroneously been stated as a % in Line 7 Reply
  • commenter
    shhaz
    May 29 12:13 PM
    MCG Capital: On the Knife's Edge [view article]
    Thanks, good summary. Reply
  • commenter
    User 193491
    May 14 06:45 PM
    Is It Time To Get Back In MCG Capital? [view article]
    Having lost 55% on my investment (broker recommendation to get in about two years ago) and $75,000 still at risk, I feel there are much better places to put my money today. I have also owned ACAS & ALD for years and will hang in a little longer. I now have an investment program that would have given me very strong and clear signals to SELL ACAS last November at over $45/share and to stay out until March 2008 to buy at $32. The dividend was little help and the recovery will take a long time.
    REMEMBER...MY COMMENTS ARE NOW MAKE AFTER MCGC HAS CUT THE DIVIDEND ...FOOL ME ONCE, BUT NOT AGAIN!!!     Reply
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