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Lee 99

Lee 99
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  • Prospect Capital: Prepare For Impact, New 52-Week Lows Ahead [View article]
    It says 'may', not shall. Do you understand the difference? It is significant. In this case may means won't.
    Jun 30, 2015. 09:35 AM | 2 Likes Like |Link to Comment
  • Prospect Capital: Prepare For Impact, New 52-Week Lows Ahead [View article]
    It comes to mind that mgt does not care about the shareholders. The BoD also needs a big flush. They have shown no value.
    Jun 30, 2015. 09:32 AM | 3 Likes Like |Link to Comment
  • Prospect Capital: Prepare For Impact, New 52-Week Lows Ahead [View article]
    Ed P.
    I did that in 09 at the mkt lows. I legally screwed Uncle Sam out of quite a few tax dollars as most of the transfers recovered nicely. Holdings didn't include psec though, thank God.
    Your point on MRD's is also very true. The big deal when 401's and IRA's came out was that you would be in a lower tax bracket when you are older and withdrew your funds. MRD's kind of changed that equation and they can boost you into a higher bracket or the same one you were in while working. I have yet to see any advice as you have given to avoid this situation.
    Jun 30, 2015. 09:28 AM | Likes Like |Link to Comment
  • Enerplus increases production guidance, 2015 capital spending [View news story]
    The US and Canada have to be the biggest suckers in the world. We bail out the arabs when they are in deep yogurt with our blood and treasure and they stick it to us when they feel our internal energy production is a threat to their monopoly. I say, let them go it alone. Pull out the US Navy from the ME along with all ground troops and equipment. Then we shall see the true value of oil when they can't ship or produce. We need to push back on this, but obama will do nothing meaningful to ensure the national security of the west.
    Jun 10, 2015. 08:35 AM | 5 Likes Like |Link to Comment
  • Seadrill: Why Crickets Can Be A Good Thing [View article]
    Next time check the text before you hit the send button.
    May 22, 2015. 02:00 PM | Likes Like |Link to Comment
  • Contango Oil And Gas - This Undercovered Energy Stock Can Be A Good Bet [View article]
    Last week the Saudi's increased production by 868,000 bbl/day. At that rate, supplies will not be going down soon.
    We should be augmenting western oil supplies and cut opec off at the knees by not buying their product. We also need to let them become fully independent by pulling US warships out of the gulf. Let them pay for their own security.
    Apr 19, 2015. 12:44 PM | 1 Like Like |Link to Comment
  • 3 Ways For Prospect Capital To Create Value For Shareholders, Instantly [View article]
    King: You have quite a sense of humor there. What odds would you be giving on that bet?
    Apr 15, 2015. 10:44 AM | 1 Like Like |Link to Comment
  • 3 Ways For Prospect Capital To Create Value For Shareholders, Instantly [View article]
    Skidad13 is right, Sme is wrong. This is not a spin off. Shareholders have to pay for the rights if they want them. Price has not been disclosed and the value is a mystery. The mgt values CLO portion of company at approx 1.1B, but ceo is a lawyer, so some risk involved there. If this works out well for the shareholders, it will be a first.
    Share holders own the CLO's right now. Mgt wants mo money so they can raise fees via aum increase. They recently raised fees while cutting dividend 30%. What does that tell you?
    Apr 15, 2015. 10:37 AM | 9 Likes Like |Link to Comment
  • Spirit Airlines: Get A Discount On This Discount Airline [View article]
    For me, Spirit is a one time experience. I would not want to experience it again. Seat backs do not recline, seat back is 6 inches in front of your nose, narrow uncomfortable seat (and I am not fat). Four hours of torture is not my idea of a good time. I will fly any one other than spirit.
    Happy customers increases demand for the service and the rosy projections can change if that is not the case.
    Apr 14, 2015. 11:25 AM | 2 Likes Like |Link to Comment
  • Zero Percent Withdrawal Retirement Plan [View article]
    @cross: After a few years of obamacare under our belts you are probably dead by now, but I will post anyway.
    It has been a while since this was published, but your insult with the 'fox reality' tends to raise my hackles. Here is an article by Tom Sowell pub in 2009 that, I believe, substantiates my statement. http://bit.ly/1Cq2hFo
    Sorry it is not a fox news article, but it will have to do.
    I do notice after a few years of obamacare that the high deductibles tend to eliminate most of the insurance company payouts. It is insurance with really high premiums but without any benefits, like not having insurance at all. Wasn't it supposed to fix that problem and reduce costs? What happened?
    BTW, why do you double enter your comments?
    Apr 10, 2015. 09:20 AM | Likes Like |Link to Comment
  • Prospect Capital: Finding Yield Return In A Low-Rate Environment [View article]
    30000/392,000,000 is not going to have the effect you think it is.
    Apr 8, 2015. 12:40 PM | Likes Like |Link to Comment
  • Prospect Capital: Finding Yield Return In A Low-Rate Environment [View article]
    PSEC is a dividend trap, designed to get your money now for future returns of high dividends. You will be lucky to break even. Capital gains are a much better way to profit in stocks, but you will not see them with this money sponge.
    Apr 8, 2015. 12:35 PM | Likes Like |Link to Comment
  • Prospect Capital: Finding Yield Return In A Low-Rate Environment [View article]
    facts do not support the storyline, hence. not shown. No one has paid NAV for this stock for quite some time.
    Apr 8, 2015. 12:31 PM | Likes Like |Link to Comment
  • Prospect Capital: Finding Yield Return In A Low-Rate Environment [View article]
    J: Your attitude worries me. Never ever trust management of this co. to do right by you. They are simply lining their pockets with your money. They have not been executing well for the stock holders, but only themselves. They rake off a high percentage of nii every quarter while cutting the dividend and coming up with these scams to persuade via enuendo to pay for rights of an undefined entity, aka pig in a poke. Tax ramifications could be severe as it is my understanding that the rights are considered a dividend and taxable as such. It is very complicated and opaque, so if you have a tax advisor, you should get his take on this ASAP. Let me know what he says.
    Apr 8, 2015. 12:26 PM | Likes Like |Link to Comment
  • Prospect Capital: Finding Yield Return In A Low-Rate Environment [View article]
    and cut the dividend.
    Apr 8, 2015. 12:09 PM | 1 Like Like |Link to Comment
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