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arthur_bishop1972

arthur_bishop1972
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  • Prospect Capital: What Comes Next? Part 3 [View article]
    Prospect was recovering from the SEC inquiry issue-no duh its performed so well b/c it was down so far.

    The time to rec PSEC WAS 2-3 months ago-not after this run back up.

    By 'better value' i meant trading at or near NAV.

    If u want a pissing contest w re to future BDC picks, PM me and we can discuss it privately and not take up anymore space here.
    Aug 25 02:07 AM | 2 Likes Like |Link to Comment
  • Fleet status from Diamond Offshore, Hercules adds to concern over drillers [View news story]
    ST, i wd agree w you but they are holding LT and reinvesting divs.
    Aug 25 01:44 AM | 1 Like Like |Link to Comment
  • Weekly Intelligence For MLP Investors [View article]
    Glad i only purchased KMR for a client-and in a Roth. He's up 40%+ and should not have to pay a cent in tax upon sale.
    Aug 24 02:48 PM | 1 Like Like |Link to Comment
  • Prospect Capital: What Comes Next? Part 3 [View article]
    jmkdog:

    It matters b/c there will be lower entry points to purchase-better entry points to purchase as a matter of fact. There are other BDCs that are much better buys right now. Of course you can keep buying/DRIPing it, and I have one client who does, but it's a tiny account with PSEC its only holding (but who has other accounts that have been buying FSC), but I think one could use some or all of those dividends to put toward a BDC that is a better value at this moment.

    You can have whatever opinion you want and take away what you paid for it-i don't care.
    Aug 23 01:03 PM | 1 Like Like |Link to Comment
  • Prospect Capital: What Comes Next? Part 3 [View article]
    Tho I (and all my clients) all hold shares of PSEC, I would caution those that may be buying (or thinking of buying) shares with both hands at this level (about 10.90). The pps has notoriously topped out near $11, with many (and many HERE ON THIS FORUM, I'll wager) either trading the stock and/or trading around a core holding.

    I believe NAV was projected by Scott Kennedy and BDC Buzz to be in the $10.56-68 range (they've both commented on in recent articles). This is an important number to keep an eye on.

    The point, however, is to diversify your BDC holdings. I have my clients in FSC as well, and am looking to get them into MAIN to continue their diversification. There are others, of course, and I encourage those who only hold PSEC (and, perhaps, only follow PSEC articles) to look into others. Look at a recent chart (at least 6 months) on PSEC. $hit happens, and whether it turns out to be a witch hunt or not, it could hit a stock's pps hard. PSEC recovered quickly from it's recent fall, and many here gambled and bot much lower than the current price, but that recovery won't always be the case in every instance of a stock cratering.
    Aug 23 01:20 AM | 6 Likes Like |Link to Comment
  • More on the Rosneft, North Atlantic Drilling deal [View news story]
    Sounds the gambling factor just increased a bunch. The Russians!?!? I'll stay clear.
    Aug 22 11:08 AM | 2 Likes Like |Link to Comment
  • Microsoft: Time To Take Profits [View article]
    My first prediction has already come true (MSFT pps will hit $44-47) before year end.

    My second is similar: The pps will touch $47 by year end but retreat to about where it is now to finish the year (abt $45).

    All my clients hold shares and they will continue to do so.

    ps-Appreciate your candor re your sell here, Bret-thank you.
    Aug 22 12:38 AM | 1 Like Like |Link to Comment
  • Time to sell drillers as Petrobras cuts rig rates, analyst says [View news story]
    Agree with Mad Stacks, saratogahawk. I don't always agree with you, but I've learned a $hitload reading some of your posts and it's made me a better investor.

    Thank you.
    Aug 22 12:03 AM | 1 Like Like |Link to Comment
  • Fleet status from Diamond Offshore, Hercules adds to concern over drillers [View news story]
    My clients continue to hold ESV and NE.
    Aug 21 11:57 PM | Likes Like |Link to Comment
  • ONEOK: A Solid Choice For Dividend Growth [View article]
    WmHilger1:

    Before I read some of your posts, I confess I didn't know all those things. Thank you for some interesting background on how this fine co came into being and has evolved over the years.

    Praise God Ken Lay isn't involved anymore and that Mr. Gibson's departure hasn't hurt the co.
    Aug 21 11:37 PM | Likes Like |Link to Comment
  • ONEOK: A Solid Choice For Dividend Growth [View article]
    OKE has seen massive pps growth over the last several years in addition to its distribution growth. It's well managed and still a bit of a unknown gem in the MLP/GP/LP world.

    But I would rather own OKS for its near 5.5% distribution in a taxable account and get the deferred distributions and solid, if not spectacular, dist growth for income. It's pps isn't going to move a whole lot (high $40s to high $50s) but I can reinvest the distributions in the lower half of the range to beef up my position while I collect that hefty distribution along the way.

    Disc: Neither I nor any of my clients currently own any OKE or OKS, but I would like to start a position in OKS (for myself or any of my clients) should the pps be under $56 and the dry powder be available.
    Aug 21 12:27 AM | 4 Likes Like |Link to Comment
  • Gilead Beats Apple To $100. Who Will Win Race To $120? [View article]
    I'm pulling for GILD...

    ...b/c...

    I know a cancer survivor (and frequent customer) who gave me a tip on GILD when it was at $80, and gave me a printed medical article that a Dr gave him about why GILD will be significantly more successful going into the end of this year (this was a few months ago) and into 2015.

    I started following GILD at that point, but never committed any $ to it as I just don't/won't buy co's that don't pay a dividend (house rule-sorry).

    HOWEVER....b/c I follow my TJ's retirement portfolio (about $200k...mostly in only 2 different MFs, and 10% cash)...I noticed that one of the MF's I hold-several thousand shares of-had GILD as a top 10 holding (was #3 or #4 at the time-last month, I believe).

    At the middle of this month, I noticed that GILD became that MF's #1 holding at 4% of the value of the MF.

    Considering the size of that MF, I'm very happy to just continue holding my shares of that MF and forego trying to buy a few dozen measly shares of GILD in one of my own accounts : D
    Aug 20 12:08 AM | 3 Likes Like |Link to Comment
  • Buffett's pullback in oil companies looks prescient, as crude slide continues [View news story]
    If crude continues to drop, it will be good for consumers-bad for producers (short term, as I don't think oil prices will stay low for that long), but our economy will benefit as consumers will spend more of that 'gas' money on 'stuff' that helps the overall economy and at least partially offset their lack of wage increase(s).

    Also, it will be interesting to see how the OPEC countries deal with $90 oil-IF it goes that low (which I don't think it will).

    Honestly...if crude prices keep falling and XOM, COP, BP's (and others') pps fall, I will start buying more/some of all (and CVX) as it will be a golden opp to get in at bargain prices imo.
    Aug 19 11:54 PM | Likes Like |Link to Comment
  • More Thoughts On The CAPE And Valuations [View article]
    <Europe and Japan in recession or close to it. US consumer in not very robust shape after 4 decades of declining real wages. And companies are just going to merrily grow revenues in double digits? Oh - we dont need to grow revenues anymore to grow EPS by double digits? Anyone believe that stuff?>

    This sounds like one of the bear arguments in 2012.
    Aug 19 11:46 PM | Likes Like |Link to Comment
  • Buffett's pullback in oil companies looks prescient, as crude slide continues [View news story]
    Exactly what I was thinking-thank you.
    Aug 19 11:16 PM | Likes Like |Link to Comment
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