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sourdo

sourdo
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  • Prospect Capital: An 'OK' Quarter With A Stable NAV Was All I Was Asking For [View article]
    Exactly! You only lose when you sell, what happens today will be a different story next year.

    However I think everyone is missing a bigger point in general with the stock markets. The DOW and NAS are sky high and people being greedy are (at least those of us that have been through a couple) afraid of the next crash.

    Let's face it, the easy money is over, for now. I made some great money after 2009, built half of my house from stock profits. But it ain't happening for now and sitting at a computer day trading isn't my gig, been there done that. And in those years after the last crash banks weren't loaning money, didn't that open up a gold mine for BDC's? And is perhaps that mine tightening up a bit?

    For me parking my money right now in BDC stocks just makes sense. No doubt I think there are too many of the readers who have over realistic expectations about dividends. Anything over 10% is pretty damn good, but come on, to NOT expect dividends to go down ever is stupid, no offense. The economy seems to be doing good, I don't see long lines at the soup kitchen and the stores are full of people and everyone is driving a nice car.

    I think I'll just sit back and keep my little dividend stream keep coming in (and reinvesting) and sit tight. Stocks go up, they go down. Down is not a good time to sell, never worked out well for me!

    Long FSC, GSBD, PSEC, SLRC

    Sourdo
    May 12, 2015. 11:50 AM | 4 Likes Like |Link to Comment
  • Prospect Capital Corporation: Investors Getting The Jitters? [View article]
    "The Jitters" describes the whole stock market!

    Holding pat and long PSEC, you only lose when you sell.

    sourdo
    May 6, 2015. 02:21 PM | 2 Likes Like |Link to Comment
  • Prospect Capital And The Best Stocks For 2015 [View article]
    Well I hope the author is right, but who is ever 100% right in equities? I feel BDC stocks are a good place to be for now for me. For now I'm long PSEC, but that is subject to change at anytime!

    Stay frosty folks!

    sourdo
    Mar 25, 2015. 11:30 PM | Likes Like |Link to Comment
  • Powerful Steps For Goldman Sachs With BDC IPO [View article]
    I'm in for 100 shares!

    A little diversification with my earned dividend money! With the high pace of the markets these days I find the money earned by BDC's is in reality pretty good money. My little Roth IRA adds $400 a month to my earnings, tax free of course.

    Sourdo
    Mar 21, 2015. 11:16 AM | 1 Like Like |Link to Comment
  • Solar Capital Ltd: Jaw-Dropping Dividends, But Some Uncertainty Remains [View article]
    I didn't sell after the dividend cut and kept collecting divy's. Glad I didn't sell, my stock cost after this months dividend will be $18.94/share.

    In todays high flying stock market there isn't much room left on the top for stock picking. I like the steady income BDC's provide.

    sourdo and long SLRC
    Mar 16, 2015. 10:46 AM | Likes Like |Link to Comment
  • 5 Key Highlights From Prospect Capital's Quarterly Report [View article]
    Alex, wouldn't it be just great if stocks just went up and up and up and up forever and ever??? Sorry dude, ain't the way it works.

    I've been a DIY investor for 20 years, not that that makes me a brainiac or something! Far from it. But I do know this, markets rise and fall.

    2008 is long gone, back then you could use a dart with the Wall Street Journal and make money. Not so today, markets are on a high note and patience is required.

    Dropping the dividend (PSEC) is just plain smart business, and I want my money with smart people.

    sourdo
    long PSEC

    Feb 13, 2015. 08:30 AM | 10 Likes Like |Link to Comment
  • Prospect Capital Or Medley Capital? [View article]
    Interesting article. As for PSEC lowering their dividend, I am somewhat troubled at all the negativity. I look at this action as simply "taking care of business". Expecting a dividend to keep going up, up, and up is like expecting any other stock to do the same. Stocks go up, stocks go down, just the way it is, sometimes for no real reason but the usual, fear.

    20 years of dabbling in the market has taught me one thing, patience. You are so correct about keeping an extra sharp eye on BDC's, but I feel that way about any security.

    I have 1500 PSEC standing pat for now.

    sourdo
    Jan 2, 2015. 11:48 AM | 3 Likes Like |Link to Comment
  • Prospect Capital And The Cat And Mouse Game [View article]
    this is getting to the point where Seeking Alpha articles are starting to give me a sour taste. endless articles of crap, confusion, contradiction, bla, bla, bla, not that all are bad but the sheer volume, well I don't have time to vette all this stuff out.

    Seriously thinking of leaving this site.

    The editors need to do a better job of screening out articles. like this one....

    long psec

    sourdo
    Dec 24, 2014. 10:58 AM | 6 Likes Like |Link to Comment
  • Prospect Capital: Will Investors Calm Down Now? [View article]
    @Javelina- You pretty much said what I was going to say. I've been in the market for a long time and at 59 1/2 YO I'm not prone to "panic selling". In fact I bought 500 more PSEC @ 8.32 and I'm sitting pat.

    I raised this point before in another article, there are way too many articles about PSEC for this guy to read, it can be confusing and confused people tend to move on to something easier to follow. All the charts of this and that, if I tried to read it all my eyes would start bleeding!

    Selling your positions for a loss for tax benefits is something I don't have to deal with anymore thank you Mr Roth. I have no reason to sell and dividend cut or not, I'd rather be with a team that has the stones to cut the dividend when it's needed. Anyone who whines and cries about that, even after the cut, getting 12% on their money and complaining is just plain bonkers, let alone sell for a loss. I like the special dividend to, add's some flexibility to management.

    As for insider buying and it doesn't matter or its some kind of trick???? Yea right.

    I own 2000 shares of SLRC and have for a while, since 2012. Their share price is a bit in the toilet also along with other BCD's. SLRC cut their dividend a while back but I still held. My buy price average per share is $21.60/share. However when I include all of the dividends, plus the one I'll get Jan 1, it comes out to about $19.30/share. So with todays price of $18.03 at the moment it's not so bad. In a couple of years I'll have $16.54 into SLRC (of course providing the divy holds course).

    Dividend stocks are not for trading but to buy and hold. If you're a short term trader kind of guy you're in the wrong securities.

    This gloom and doom about BCD's is affecting the whole industry, it will pass, the patient ones will profit.

    I'm not worried and ten will get you twenty that next year all this will be long forgotten....

    Oh btw, I liked the article, to the point without all the technical mumbo jumbo and I agree with the authors POV!

    Merry Christmas and a profitable New Year!
    sourdo
    Dec 22, 2014. 03:02 PM | 3 Likes Like |Link to Comment
  • Prospect Capital: Implications Of Below NAV Issuance [View article]
    lol, confusion reign's this morning!!

    I am still amazed that people would sell, probably at a loss, just because the divy "won't" be 14+%???? That's just dumb panic and I took advantage of that.

    LIke the master says; "be greedy when others are fearful, be fearful when others are greedy" or something like that....

    sourdo
    Dec 8, 2014. 11:24 AM | 2 Likes Like |Link to Comment
  • Prospect Capital suspends ATM stock issuance program as dividend is cut [View news story]
    I like it, bought 500 more....

    sourdo
    Dec 8, 2014. 11:17 AM | Likes Like |Link to Comment
  • Prospect Capital: Implications Of Below NAV Issuance [View article]
    Wow, evan @ 10% and people are running to the hills??? I backed up the truck and bought some more @ 8.32!!! I mean come on, 10 % for your money is still a pretty friggin good deal!!!!!!

    long psec

    sourdo
    Dec 8, 2014. 11:08 AM | 2 Likes Like |Link to Comment
  • Prospect Capital: Implications Of Below NAV Issuance [View article]
    Somewhat off topic, but here goes.

    The sheer volume of articles, for and against psec, is enough to make a guy sell. Over information to where to read everything takes a lot of time in a day. Too much time involved to hear everyones opinion.

    Last year I owned SIRI, bought 'em for a buck a share. It was about early Jan last year when Liberty Media came up with some kind of "spin off", share swap, mumbo jumbo, more confusion as to what it really meant, ton's and ton's of articles that I could not keep up with. Lucky for me SIRI popped on that announcement to $3.81, I sold my shares and THAT stock hasn't even come close to where I sold in the last year.

    TMI, Too much information, redundant information, ie, this article. In fairness I only glanced over it as I've already heard the argument about the issuance of shares below NAV and I don't need to reread the same-o-same-o.

    I've been reading SA for a while now, but every morning I get this email with all the articles, this guy can't read everything and still have a life!

    My main point is this, with the volume of articles about a particular stock is to the point that confusion starts to reign and confusion leads to fear and fear leads to selling.

    I have the notion that PSEC is slightly oversold. Even with a small drop of the dividends, I'm not selling.

    I do have a question. While bank stocks popped Friday (Dec 5) with the news of a possible rate hike, how would a rate hike affect PSEC's business???

    Well no one ever told me being a stock market investor would be easy, sigh...

    I have 1000 shares of PSEC, going long and sitting tight.

    sourdo
    Dec 7, 2014. 12:21 PM | 1 Like Like |Link to Comment
  • Prospect Capital's Challenges And Opportunities [View article]
    Bravo for a great article about BCD's and the history behind them. And I am one of the masses that have a hard time understanding the nuts and bolts of these companies.

    I am retired now and would like to earn some extra cash from dividends without draining my principle in my roth, weather to reinvest or buy something.

    Being an investor these days is difficult, so many conflicting views on a stock, one must always be on their toes! So many articles about BCD's ( and other stocks) that, sometimes, it's difficult to separate the wheat from the chaff.

    Long PSEC, SLRC, C

    sourdo
    Nov 18, 2014. 11:50 AM | 1 Like Like |Link to Comment
  • 5 Reasons To Avoid Solar Capital [View article]
    My, my, one more dividend from SLRC @todays price, well, er, guess I'll be even Steven. The share price decline has me somewhat worried and disappointed. For now I'll hold my 2000 shares and watch, very carefully!

    Thanks for the article, I appreciate it.

    Sourdo
    Nov 11, 2014. 11:32 AM | Likes Like |Link to Comment
COMMENTS STATS
220 Comments
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