Lee 99

Lee 99
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  • More on Fifth Street Finance's FQ4 miss  [View news story]
    So, is there any hope for this pos? I would like to see the other bdc's blessed with an activist that could keep the BoD and management on the straight and narrow instead of the drunken sailor business model.
    Dec 2, 2015. 06:44 AM | Likes Like |Link to Comment
  • More on Fifth Street Finance's FQ4 miss  [View news story]
    Groucho would never buy a BDC that would have him as a shareholder.
    Dec 2, 2015. 06:27 AM | 1 Like Like |Link to Comment
  • Frontline declares $0.05 dividend  [View news story]
    why bother?
    Dec 2, 2015. 06:15 AM | 1 Like Like |Link to Comment
  • Retirement Strategy: I Am Dumping 2 Stocks For One Aristocrat To Grow My Income Right Now!  [View article]
    Many of us have time for dividends, but not so much for growth.
    Dec 1, 2015. 09:08 AM | 1 Like Like |Link to Comment
  • 5 Reasons To Love Prospect Capital  [View article]
    Richard: I believe you have made a misleading comment. You should mention that shares are offered sub NAV, which dilutes shareholder value, while increasing AUM. It is, in effect, stealing from the shareholders twice. The amounts of shares repurchased (a few hundred thousand)is minimal compared to the sub NAV offerings (multi millions).
    Thanks for the brilliant analysis and advice.
    Nov 24, 2015. 10:27 PM | 1 Like Like |Link to Comment
  • 5 Reasons To Love Prospect Capital  [View article]
    do you mean the once high dividend? The yield appears high because the stock price has fallen more than the dividend has. I'm glad you are happy with this situation though. It is good to be simple. Now the bad news: Long.
    Nov 24, 2015. 09:34 PM | 1 Like Like |Link to Comment
  • 5 Reasons To Love Prospect Capital  [View article]
    They want you to vote your shares per mgt recommendations. The guy I spoke to misunderstood my instruction to vote against mgt recs which were to issue up to 25% more shares at sub nav ((90 million shares prob at $7/). He restated my instruction to vote with mgt. I corrected him to vote against mgt recs. So be careful and make sure he gets it right.
    Nov 24, 2015. 09:25 PM | 1 Like Like |Link to Comment
  • High Yield In Focus: Should You Buy Into Teekay LNG's 9.6% Yield?  [View article]
    The L in LNG means liquid, not frozen. And it is under pressure during transport, maybe 250 psi to inhibit the boiling(rapid vaporization), which keeps the liquid cool.
    Nov 24, 2015. 09:27 AM | Likes Like |Link to Comment
  • High Yield In Focus: Should You Buy Into Teekay LNG's 9.6% Yield?  [View article]
    SS: I've done very well with TGP over the years with both cap gains and distr. Some of the posters here have some wild ideas. I think it will work out well. GLTY.
    Nov 24, 2015. 08:54 AM | Likes Like |Link to Comment
  • Seadrill swings to loss on $1.8B writedown, accelerates cost cuts  [View news story]
    pre market says you are wrong. Load up anyway.
    Nov 24, 2015. 08:42 AM | 3 Likes Like |Link to Comment
  • 5 Reasons To Love Prospect Capital  [View article]
    Do you actually understand the details of the spin off (s)? Clue: There are no details. That should tell you something.
    Nov 22, 2015. 09:29 PM | 4 Likes Like |Link to Comment
  • 5 Reasons To Love Prospect Capital  [View article]
    Why would you reinvest in shares of this loser if you don't like the stock. I am hoping we will get a situation going like happened to FSC and straighten out management or dump them. It is the only way this stock will recover.
    Nov 22, 2015. 09:27 PM | 3 Likes Like |Link to Comment
  • 5 Reasons To Love Prospect Capital  [View article]
    It looks like Javelina is writing psec articles under a nom de plume? Three paragraphs was all I could take. Life is too short for articles like this.
    Nov 22, 2015. 09:22 PM | 4 Likes Like |Link to Comment
  • Don't Be Fooled By Teekay's Yield  [View article]
    This is an emperical exercise. How is your batting average over evaluations for other companies or past performance of TGP. Does anyone, ex the 2%er's show well?
    BTW, TGP, as an MLP, pays distributions, not dividends.
    Also the stock is selling for approx 60% of its recent value which tends to jack up the distribution %. Historically the % was more like 6 to 7%.
    Capex will also result in use of MEGI transports which can increase margins and cash flow. TGP is not sitting on their hands waiting for things to go down the crapper, but managing the company for future needs.
    So, I'm not sure the static model that you put forth here will accurately predict future performance. It could be very useful for persons wanting to enter short positions on the stock, however, that appears ill timed.
    Nov 20, 2015. 03:56 PM | 6 Likes Like |Link to Comment
  • Fifth Street Finance becomes activist target  [View news story]
    psec buy backs are a pittance. Not enough to make any difference.
    Nov 17, 2015. 10:59 AM | Likes Like |Link to Comment
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