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  • Prospect Capital And Risk-Adjusted Returns [View article]
    While people make punches at the author, he does (while not in the best manner) make a good point. W low cost index dividend fund like SCHD is very likely to outperform a high cost riskier investment like PSEC. This then should cause people to realize, while hold a single company with unlikely long term out performance when one can own a diversified fund?

    It boils down to investor ignorance, and this is what keeps company's like PSEC in demand.
    Jul 3, 2015. 09:55 AM | 2 Likes Like |Link to Comment
  • The State Of McDonald's [View article]
    "McDonald's food is not cheap and it's not a good value for the money - people recognize this."

    That is the main problem there imo.

    MCD has never been the best burger in town or the most healthy nor has their workers ever been the most paid.

    MCD business was based on consistency, speed of service, and most importantly value. At one time MCD was known as the most value oriented destination, somewhere a soccer mom could pick up happy meals on a budget.

    But the cost of food and fast approaching socialization leading to bloated labor costs has changed the value viability.

    Decades ago the min wage was seen merely as a floor for wages to prevent exploitation. Now its viewed as a "living wage" and any value oriented company's like MCD and Walmart will take a hit.
    Jun 30, 2015. 09:21 AM | 6 Likes Like |Link to Comment
  • I Would Avoid Pioneer High Income Trust At The Present Time [View article]
    The stock is turning into a bad dog...
    Jun 29, 2015. 01:50 PM | Likes Like |Link to Comment
  • Greek Out (Again): Markets Back In Turmoil [View article]
    Greece is at the point where further ausiterity will cause GDP to shrink even further then the actual austerity, a sort of reverse government spending multipler effect.

    See if Greece had its own currency then its currency would decline cause exports to increase and eventually enough export industry development to spur job growth and so forth. But they are saddled by the Euro, which benefits countries like Germany while hurting those like Greece.

    A United currency without a united fiscal plan is a recipe for problems.
    Jun 24, 2015. 01:50 PM | Likes Like |Link to Comment
  • Prospect Capital's NAV, Dividend, Risk, And Valuation Compared To Several BDC Peers (Post Calendar Q1 2015 Earnings) - Part 2 [View article]
    I picked up another 50 shares of main in october at 27.70, wish I had purchased mroe then but the position is already overweight. Thanks for the article.
    Jun 23, 2015. 08:39 AM | 4 Likes Like |Link to Comment
  • I Would Avoid DNP Select Income Fund At The Present Time [View article]
    I too thought PHT dividend cut was a good half year out from that time, I was wrong and lost cause of it...
    Jun 22, 2015. 06:31 PM | 1 Like Like |Link to Comment
  • Ares Capital opens higher after upgrade [View news story]
    I don't know if I would call that contrarian, more like just opportunity cost realization.
    Jun 19, 2015. 09:14 AM | Likes Like |Link to Comment
  • I Would Avoid Pioneer High Income Trust At The Present Time [View article]
    How much more downside you belief there is?
    Jun 18, 2015. 04:33 PM | Likes Like |Link to Comment
  • I Would Avoid Pioneer High Income Trust At The Present Time [View article]
    Will the descent of PHT ever stop?
    Jun 18, 2015. 04:07 PM | Likes Like |Link to Comment
  • Which BDCs To Buy After Selling Prospect Capital? [View article]
    A few folks mentioned ETFs. Let me say my opinion is there are sadly no good ETF options for BDCs. The ones available charge a high expense and imo have a port portfolio mix.

    I would like to see a BDC ETF built off of an index, something like SCHD where the underlying index takes into consideration various metrics that measure the historical strength of the company.

    I am generally for diversification. But I am increasingly of the belief that BDCs as a whole are not good alpha generators. I think its preferable to hold only a select few names and pay close attention to them.

    As a full disclosure I am long NHF, SCHD, KBWY, VTN, and MAIN.
    Jun 18, 2015. 12:22 PM | 4 Likes Like |Link to Comment
  • Core CPI slows down in May [View news story]
    Without food and energy or actually without energy its actually a very high reading.
    Jun 18, 2015. 09:08 AM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: All Eyes On Fed Meeting [View article]
    There is no question Blue. You have to pay on value. If you don't the economy will become distorted and in time will force you to pay on value one way or another.

    The biggest problem in the country is people do not take responsibility for their choices and just expect to be taken care of.

    Work as a cashier at MCD with zero ambition? No problem ask for a "living wage."

    Have numerous kids with deadbeat fathers because you had a "bad childhood" and don't know any better? No problem more food stamps and subsidized housing for you.

    A high school with a high dropout rate? No problem more money for the school district!
    Jun 17, 2015. 12:02 PM | 4 Likes Like |Link to Comment
  • Wall Street Breakfast: All Eyes On Fed Meeting [View article]
    I get really tired of people complaining about CEO pay.

    CEO pay has went up because companies are getting bigger and bigger to manager and their is only one top guy running the show.

    If you took the Walmart CEO pay and made him work for free giving all of it to the workers evenly, it would amount to less then 10 cents an hour.

    And yet the protestors somehow think this justifies like a 7 dollar an hour pay increase and that the CEO pay is somehow the reason for their "low wages."

    A better metric to use would be CEO pay per worker. Using this a CEO making 100,000,000 a year with 100,000 employees is actually less "greedy" then a CEO making 100,000 with a single employee.

    I would be interested what CEO pay per worker has historically been versus what it is now.
    Jun 17, 2015. 09:29 AM | 6 Likes Like |Link to Comment
  • Main Street Capital Continues To Outperform All Other BDCs [View article]
    Thanks buzz, but i fear articles like this will cause it to go up too much in price :)
    Jun 16, 2015. 10:28 PM | 1 Like Like |Link to Comment
  • Has Prospect Capital Hit Rock Bottom? [View article]

    That is a myth.

    In situations like PSEC insiders buy to try to give the street more confidence. Its not like these guys are using their mothers money to buy the stock they are using their exceedingly high management fees.

    However, I do recognize that even poor companies at some point may become a value play for purchase. But this isn't an area I personally like to dabble in. I would rather buy a good company at a fair price then a lousy company at a discounted price.
    Jun 12, 2015. 12:17 PM | 6 Likes Like |Link to Comment