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kingdad

kingdad
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  • An Interview With Grier Eliasek, President And COO Of Prospect Capital [View article]
    Thanks for your efforts on our behalf. Would have liked to have had more info on some of the items others mentioned. Would love to see Management cut some of their costs/fees and some buyback of outstanding shares. Perhaps when all is said and down you can gather together our various concerns and share them with GE and see what if anything we can find out about those items, short-term and long-term. Regards
    Jan 27, 2015. 12:08 PM | Likes Like |Link to Comment
  • Prospect Capital's Upcoming Fiscal Q2 2015 Earnings And NAV Projection [View article]
    As always Thank you Scott for your analysis and thoughtful input and opinions.
    Hiding here in Fl for a couple more days then back to the cold nasty of NY.
    Jan 27, 2015. 11:28 AM | 4 Likes Like |Link to Comment
  • Prospect Capital's Apologetics - A Webinar Review [View article]
    Scott, that is a tactic used by MReits to raise capital and to do so effectively.
    The Preferred shares are usually issues at a 25% discount or more to the Common Share Dividend rate. It usually is issued at $25 ps and has the normal privileges enjoyed by Preferred stocks. (but it is always good to check it out.) many times they can be bought pre-Big board at a discount to the $25 ps issue price thus upping the ROR. Over time these preferred shares can and will trade above and below the initial issue price.
    I do not see any reason for PSEC or any BDC to not consider it, unless they can get money much cheaper on the open market.
    Dec 30, 2014. 01:27 PM | 1 Like Like |Link to Comment
  • Should Prospect Capital Buy Back Its Own Shares? [View article]
    TY for noting that the whole sector has been taking a beating as have the Reits and MLPs. seems the prices go down exponentially relative to the actual oil price drops or interest rate hikes. like LNCO the last two days oil down about 2.2% stock down over 6% and its not an All Oil Based Company. Same effect for PSEC.
    Dec 30, 2014. 01:16 PM | Likes Like |Link to Comment
  • Prospect Capital's Net Asset Value Sustainability Analysis (Post Fiscal Q1 2015 Earnings) [View article]
    Thanks Scott for your year-end evaluation.
    Let's all hope for a Better 2015 for PSEC.
    Best Wishes for you and yours to have a Happy New Year!
    Dec 29, 2014. 02:07 PM | 6 Likes Like |Link to Comment
  • Prospect Capital's Apologetics - A Webinar Review [View article]
    Thanks for taking the time to review and report on the webinar.
    Overall a good instructional article, especially for the uninitiated in BDCs.
    Long PSEC, and needing some relief.
    Dec 29, 2014. 10:54 AM | 2 Likes Like |Link to Comment
  • Annaly Capital: The Old Squeeze Play Could Hurt This Stock [View article]
    RS thanks for your insights and thoughts about the mReits and their future.

    Best Wishes to you and Family for a Happy and Joyous 'Holyday' Season and a Happy New Year.
    Dec 18, 2014. 12:20 PM | 1 Like Like |Link to Comment
  • Understanding Prospect Capital's Recently Announced Material Dividend Reduction And Change In Policy [View article]
    Thanks Scott for your efforts.
    The recent bloodbaths in the BDC, REIT and MLP sectors have many folks reeling.
    Those of us that need reliable Income and sustainable Capital positions have been gored by the Bull. Doesn't look like this blood-letting is over yet either.
    Your insights are always appreciated in any of those sectors and perhaps your opinions looking at these bloodied sectors as we go into 2015 will help us as we seek to make sense and recover from the past couple months of Pain & Suffering.
    Dec 16, 2014. 02:30 PM | 5 Likes Like |Link to Comment
  • Update: First Niagara Financial Group Shakes Up The Board [View article]
    I don't know how one new, Old school educated, Board member, is going to do much to help FNFG. The Insider trades are more than a month old and while they did produce a bounce in the devalued shares of FNFG it was short-lived and FNFG has traded relatively flat ever since. I did but FNFG as noted in another of your comments for as I expected the stock to rebound. It did, I made the Divy and 11%+ returns for a short stay in the stock. (sold it off after the divy in halfs hoping that the stock would creep higher. It only did so lamely so I sold the 2nd half and locked in the only Good News I've had in a couple months.)

    I'd be more interested in your 4thQtr Earnings report and what you think will happen before and after said report. I think we'll see another poor performance that should present another buying opportunity as FNFG falls back again into the low/middle $7 dollar range.
    Dec 16, 2014. 11:51 AM | 1 Like Like |Link to Comment
  • Prospect Capital insiders step up [View news story]
    Buying it with the monies they stole from us?
    Dec 11, 2014. 05:49 PM | 2 Likes Like |Link to Comment
  • Prospect Capital: The Lower Dividend Has Its Upside [View article]
    The only Upside I want to see is the Price of Shares Increasing to and above the NAV! Something that hasn't happened for months on end. Down some 20% on share prices and now a 25% cut in dividends all while management racks up an even bigger salary this year than last! F them! They Fd Us! Remember this next Proxy Vote and clear the BOD like you clean your gutters.
    Dec 9, 2014. 10:53 AM | 10 Likes Like |Link to Comment
  • Prospect Capital Cuts Dividend, Now Yields 11% [View article]
    I've got nothing nice to say about PSEC and its management today.
    Anything I did express would likely be deleted.
    Dec 8, 2014. 12:01 PM | 3 Likes Like |Link to Comment
  • Tough day for BDCs as Prospect Capital tumbles [View news story]
    I have nothing kind or decent to say about PSEC and its management today!
    Dec 8, 2014. 11:45 AM | 1 Like Like |Link to Comment
  • 48 MLPs For Income: Are The 10% To 20% Yields For Real, Or Too Good To Be True? Part 4 [View article]
    I had been waiting and researching the MLP sector and trying to find a good access price point as well. I certainly can stand the income to be sure. Long story short I took this latest beatdown of the sector and bought into LNCO as I believe all the past problems are resolved and that it was and still may be oversold. I expect it and the sector to continue to be volatile for the next 3-6 months. OPEC can not afford to keep the pressure up on US/Canadian Shale Oil Production without seriously impacting many member Nations and their GDPs. Russia, Venezuela, Nigeria and others are already hurting from the lower prices a sustained long term attempt to attack US Production will likely cause severe hardships for their nations and others not named.

    I will use the dips to add to my position. and to add SRV shares as well. (though this one I will continue to watch even more closely than LNCO) With a little bit of good luck this could be a great time to enter the MLP sector and reap the rewards for years and years to come, esp. as the Global economy picks up steam.
    Dec 5, 2014. 07:01 PM | 1 Like Like |Link to Comment
  • Linn Energy Keeps Distribution Intact, But My Confidence Is Not Fully Restored Yet [View article]
    A complete rehash of several comments already made over the course of this week.
    Other commenters are clearly short sellers, some of whom took a bath last Friday and Monday as they got caught with a turkey fat belly while their wallet/margins were being stripped like the turkey's carcass.

    Oil is going to be volatile for the near future as today's trading on LINE/LNCO clearly demonstrates. LNCO has already shown a strong support at 14.50 and a current Resistance at 16.60, expect it to trade within this range for a while. Personally I'll continue to purchase on any significant pullback. long LNCO.
    Dec 4, 2014. 02:46 PM | 1 Like Like |Link to Comment
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