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  • While Investors Are Freaking Out, Insiders Are Buying Prospect Capital By The Wheelbarrow  [View article]
    Oh stop with the articles that the CEO is buying therefore this is a buy.
    He spent 2 months of his dividends from his existing position. Its practically him dripping its not a huge purchase for him at all.
    Dec 16, 2014. 08:35 PM | 1 Like Like |Link to Comment
  • We've Now Approached 'Stupid' Levels For Prospect Capital  [View article]
    Its not a stupid level its pretty logical actually.

    PSEC has always held around a 12% yield.
    PSEC cut its dividend and the market has repriced it to be around 12%.
    Dec 16, 2014. 07:27 AM | 1 Like Like |Link to Comment
  • Understanding Prospect Capital's Recently Announced Material Dividend Reduction And Change In Policy  [View article]
    First off this was a well researched article. Thank you very much for the extent to which you went.

    Second, I'm pleased they are going to be more conservative with the dividend and just go off of NII. BDCs are mostly income instruments. When income fluctuates it causes big share price problems. By going with NII coverage + special dividend then the variable fluctuations will be positive and upward with special dividends added in vs negative pressure by dividend cuts or even the worry of a dividend cut.

    This might get me back as a long.
    Dec 16, 2014. 07:23 AM | 6 Likes Like |Link to Comment
  • Pershing posts new Herbalife-bashing video  [View news story]
    Judging by volumes I'd say he is in the money for a good deal of them. Seeing as how HLF has falledn 50% from its high... you longs are really shooting for a pyrrhic victory here over Ackman.
    Dec 11, 2014. 10:02 AM | 6 Likes Like |Link to Comment
  • Whiting USA Trust II: Opportunity Or Dividend Trap?  [View article]
    Lucas there has got to be better insurance policies against nuclear fallout than WHZ.

    WHZ has no long term hedges. By law they are unable to enter them. They can only have them setup prior to the trust's creation. They are about to expire if they already haven't.

    The Forbes article you linked? Favorable long term growth rates for WHZ? Its hard to take that article seriously. P/B ratios for a trust? Come on.
    Dec 11, 2014. 06:46 AM | 1 Like Like |Link to Comment
  • Through The Looking Glass II: Whiting Trust II In The Land Of $65 Oil  [View article]
    That's interesting seeing as the trust has been around for not even 3 years and barely paid over $8 total. You must be a market savant.
    Dec 11, 2014. 12:06 AM | Likes Like |Link to Comment
  • Prospect's Distribution Was Unsustainable; Now What?  [View article]
    13302632: I agree with much that you said on fundamentals vs irraitional pricing of the markets not reflecting rational judgement.

    I could see it going down to $7 when interest rates start to rise. PSEC will get hurt on profit at the 1% interest rate point due to floating rates. After that though they will do better when we get to 2%+ rates.
    I presume there will be another flush or two in the share price when earnings are impacted next year when rates start to rise. I think some of that is priced in but not all of it. I'll be back at that time to be long PSEC.
    Dec 10, 2014. 10:34 AM | 1 Like Like |Link to Comment
  • Prospect's Distribution Was Unsustainable; Now What?  [View article]
    As for dividend cuts should or should not have been priced in. I don't know if I have ever seen a dividend cut fully priced in. Theoretically I agree with you here, the unsustainable dividend was going to be cut but in conversations here on SA, elsewhere, and the obvious move yesterday... it wasn't. Lots of people were in disbelief or just never did their own research into what they owned.

    I'd love to be long again and am hoping you are right that its oversold.
    Dec 10, 2014. 08:13 AM | 1 Like Like |Link to Comment
  • Prospect's Distribution Was Unsustainable; Now What?  [View article]
    You do realize that thats what the $0.11 dividend $11 holders were saying too right?
    Dec 10, 2014. 08:05 AM | 6 Likes Like |Link to Comment
  • Tough day for BDCs as Prospect Capital tumbles  [View news story]
    Hans: I've been hearing that since $10.
    Dec 8, 2014. 07:41 PM | Likes Like |Link to Comment
  • Supreme Court rejects BP challenge to Gulf of Mexico spill settlement  [View news story]
    Ask me if I'm surprised people don't understand how the higher courts work when they refuse to hear appeals and understand how our legal system works.
    Dec 8, 2014. 02:41 PM | 1 Like Like |Link to Comment
  • A Fundamental Analysis Of American Realty Capital's Likely Dividend Cut  [View article]
    panamerican: You are holding him to his view on a company from 5 months ago prior to all the accounting news and the Cole lawsuit news?
    You do realize that things change in the world and people are able to change their minds on things as new data comes in?
    Dec 8, 2014. 10:35 AM | 3 Likes Like |Link to Comment
  • A Fundamental Analysis Of American Realty Capital's Likely Dividend Cut  [View article]
    I could easily see a dividend cut. ARCP might keep going with it not being covered but if they are going to convince investors that they are getting things straightened out book wise they should cut it temporarily.

    I love the comments.
    Couple weeks ago talk of dividend coverage was fear mongering.
    Now people talking about a dividend cut are being told too late you shouldn't even comment on it.

    If we do get a cut the comments will turn to "Well X% is still a good yield just drip the shares and don't worry about it."

    Those are excuses people use to try to explain their lack of research and understanding in their positions.

    As always... good article Brad.
    Dec 8, 2014. 08:22 AM | 5 Likes Like |Link to Comment
  • Ace BDCs Score 11-15% Yield; 12-36% Upside; 23-48% Net Gain In December  [View article]
    mythoughts: I doubt he owns any of them. He just spits out endless pick lists with little actual research into the companies themselves.
    Dec 8, 2014. 08:09 AM | Likes Like |Link to Comment
  • PetSmart Is Undervalued By 60%  [View article]
    Thank you for the catch David as I don't purposefully want to spread bad info. I had seen that nypost article and got Leon Black's name stuck in my head.
    Dec 4, 2014. 07:20 AM | Likes Like |Link to Comment