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plug583

plug583
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  • Main Street Capital Continues To Outperform All Other BDCs [View article]
    Spreads: will rising rates help or hurt BDC's? Small to moderate-sized businesses would be hurt I should think, adding to cost of doing business; but greater spreads should help BDCs??? Or they help financial institutions--when they come, if ever they do.

    Long MAIN and other BDC's you have favored, except AINV, for its tasty yield.

    Thanks, as always great reliable articles.
    Jun 23, 2015. 03:40 PM | 1 Like Like |Link to Comment
  • Prospect Capital And Share Issuances Below NAV [View article]
    And thanks again for all your help.
    Dec 5, 2014. 03:15 PM | Likes Like |Link to Comment
  • Prospect Capital And Share Issuances Below NAV [View article]
    Hi Buzz - I queried re MCC and its steady declining share price. Here may be the answer:
    http://seekingalpha.co...
    Dec 5, 2014. 03:14 PM | Likes Like |Link to Comment
  • Prospect Capital And Share Issuances Below NAV [View article]
    Thanks, and I hope there is some good news. As for shorts, this article spells it out: http://seekingalpha.co...

    Ouch!!!
    Dec 5, 2014. 03:01 PM | Likes Like |Link to Comment
  • Prospect Capital And Share Issuances Below NAV [View article]
    Hi Buzz - Lots of attention given to PSEC, the poster child for high yield and management's wheeling and dealings, which I found/find inscrutable; I sold my shares some time ago having come out even. I currently own MCC, a stock in a waterfall, a relentless stock depreciation in the last months. Any comment? Your Sept. article on MCC stated it to be one of the safer high yield BDCs and its portfolio seemed nicely diversified and risk moderate, loans mostly in 1st Tiers (as of June 2014). Is MCC just a loser or are the shares being shorted because they keep going down predictably? I would greatly appreciate any light you can shed on this high-yielder. Thanks, and appreciate your articles and research. But what's up with that picture of you at the pyramids? Raiders of the Lost . . . what was it?
    Dec 5, 2014. 01:27 PM | Likes Like |Link to Comment
  • Celldex Reports Third Quarter 2014 Results [View article]
    All depends on Rindopepimut for glioblastoma getting approval. Financial reporting reflects new higher expenses for rolling out the gl. drug and the advancement of CLDX's diversified pipeline. Here's hoping for success!
    Nov 5, 2014. 02:03 PM | Likes Like |Link to Comment
  • BDC Expenses Vs. Dividend Coverage [View article]
    And hopefully we'll get some discussion on TSLX.

    Terrific article.

    Thanks
    Nov 3, 2014. 11:19 PM | Likes Like |Link to Comment
  • BDC Market Update Q4 2014: Yield Compression [View article]
    Another great article! You wrote an article on TSLX last Sept but not much mention of the stock, though you stated it to be one of the safer BDCs, risk wise. Do you plan to follow this stock in the future? If not, can you indicate why not. I do have a vested interest.

    Thanks for all your wonderful articles.
    Oct 31, 2014. 04:47 PM | Likes Like |Link to Comment
  • Rising Interest Rates And BDCs: Part 2 [View article]
    Yellen seems to be fixated on the quality of employment; i.e., temp vs full-time employment; wage growth, which makes employment meaningful (can you actually support yourself and family on your salary). And inflation. The current batch of employment stats, CPI numbers, GDP numbers, PPI numbers, and so on, are almost unpredictable (and tend to be revised and revised and revised) beyond saying they wobble, are weakly upward in direction. Some analysts say interest rates won't go up till 2016. Some late 2015. And if we keep experiencing a teetering economy that could go down as easily up, we'll undoubtedly get a 2017 forecast. Yellen is not a trailblazer, it seems; not a rash predictor of things to come--like you know who, only no one really knew what he was saying and to make things more absurd pundits predicted the direction of interest rates by the size of his brief case on his way to the FOMC meeting. Like Yellen, if we look at the facts of our economy we may find a better guide to interest rate trends. So what to do? Use stops! I'm about to go over to my own portfolio and use them myself.
    Aug 6, 2014. 05:28 PM | Likes Like |Link to Comment
  • High-Yield BDCs For Q3 2014: Part 2 [View article]
    Thanks. Tricky stuff. I have used Fidelity's statement. And now to reform the tax system; perhaps us 'normal' people should do the job.
    Aug 3, 2014. 08:46 PM | 1 Like Like |Link to Comment
  • High-Yield BDCs For Q3 2014: Part 2 [View article]
    Thanks. Again, and again . . .
    Aug 3, 2014. 08:44 PM | 1 Like Like |Link to Comment
  • Total Return BDC Portfolios For Q3 2014 [View article]
    Hi Buzz - The incredible number of ongoing comments from your readers, most sincerely trying gauge the value of the BDCs you follow, testifies to the genuine interest and value in your writings. I'm sure most of your readers are enormously grateful for your efforts. I have subscribed to your premium articles, which truly do offer superb detailed information. A suggestion: like professional research papers, dissertations, and so on, it might be helpful if you prefaced each article with a synopsis/preview. This won't preclude reading the full version but act as an index, among other things, a review. But I hope you do carry on with the SA articles and ignore the irritants; some mentor of mine told me when facing an irritating ignorant person with a silly ass comment, just stare at them with benevolent gaze and move on. They don't understand. So adviser or teacher you are a wonderful sharer.
    Aug 3, 2014. 08:29 PM | 4 Likes Like |Link to Comment
  • High-Yield BDCs For Q3 2014: Part 2 [View article]
    Thanks. I contacted my broker, Fidelity, and thank goodness, Fid. does the breakdown for clients on its tax form, at the end of the year. I did contact MAIN and went to their website but found nothing and MAIN has not replied. So didn't pursue that strategy. I also tried to do my return using Turbotax and when it got to BDC's they asked for a 2538 or 2358 Form which threw me in a tizzy. It's not needed; this time I went to AGNC (an MREIT) for the solution; the co. was very helpful. (Are MREIT's making a comeback? Not invested at the moment.) So stay clear of Turbtax unless you like pain.
    Aug 1, 2014. 02:52 PM | Likes Like |Link to Comment
  • High-Yield BDCs For Q3 2014: Part 2 [View article]
    You mention PSEC divulges little about their financial activity, holdings, hedges, etc. How value such a company then? Earnings would seem unpredictable and it would be impossible to value their holdings, Swaps, and so on. A hodgepodge of financial engineering. I gave up on MREITS for this reason. After 2008 they became increasingly complex and obscure. Are BDC's going to be increasingly complex in the same way as interest rates change, upward most likely? Thanks.
    Jul 30, 2014. 05:30 PM | 1 Like Like |Link to Comment
  • High-Yield BDCs For Q3 2014: Part 2 [View article]
    Great articles. How are BDC's taxed? Is it safe to figure in general 90% of div's are ordinary income? Thanks.
    Jul 30, 2014. 05:20 PM | Likes Like |Link to Comment
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