sofos

sofos
Send Message
View as an RSS Feed
  • Prospect Capital's (PSEC) CEO John Barry on Q2 2016 Results - Earnings Call Transcript  [View article]
    Nice PR job by Barry and Grier. They avoided totally to mention two big subjects: the spin-offs and the management compensation. Have these two items been taken care of by one decent quarter?
    Feb 10, 2016. 08:49 PM | 8 Likes Like |Link to Comment
  • Prospect Capital Corp.'s Fiscal Q2 2016 NII And NAV Projection (Including Current Price Target)  [View article]
    Could you perhaps explain what you mean by the "bum's rush"? A search in Wikipedia found nothing like it.
    Feb 7, 2016. 01:30 PM | 2 Likes Like |Link to Comment
  • Prospect Capital's NAV, Dividend, And Valuation Compared To 9 BDC Peers (Post Calendar Q3 2015 Earnings) - Part 2  [View article]
    From your article
    "Again, there are some expectations to this general "trend" but I believe one can see some broad correlations in each company's trailing 12-month dividend yields. "
    Did you mean expectations or exceptions?
    Jan 5, 2016. 10:33 PM | Likes Like |Link to Comment
  • What The New York Times Got Wrong About Prospect Capital  [View article]
    The NYT article wanted to point out how badly an investment in PSEC has done over time. This main point of the article is undeniably true and was made forcibly and well. If, in your opinion, the article's author over-reached somewhat the basic facts speak for themselves.
    If he was a bit too severe in criticizing PSEC you are way too generous in praising it.
    Jan 4, 2016. 12:14 PM | 3 Likes Like |Link to Comment
  • The Top 7 Myths About Prospect Capital  [View article]
    The only "myth" you could not bust is the 20+ % dividend cut. How about that one?
    Dec 23, 2015. 06:12 PM | 7 Likes Like |Link to Comment
  • Breaking: A Wave Of Insider Activity At Prospect Capital  [View article]
    The "big three", who presumably act in PSEC's best interest, decided to buy some 200,000 shares for themselves. Great and good for them! One would think that they would advise the company they manage do the same. I do not know what the collective worth of the three gentlemen is but I suspect it is nowhere near the reported assets of PSEC. If they chose to buy 200,000 shares for the shares "paltry" 14% yield one would think they would advise a much more sizable purchase for the one who pays their bills and who coincidentally would benefit considerably more than 14%.
    Dec 11, 2015. 03:30 AM | 2 Likes Like |Link to Comment
  • Tsipras faces first 24-hour strike in office  [View news story]
    Typical country-wide strikes mean that people object to the government policies. Interestingly and strangely this strike is promoted and encouraged by the government itself. Just think; the Tsipras government says "Please complain because we do what we do".
    Nov 12, 2015. 03:28 AM | 1 Like Like |Link to Comment
  • Prospect Capital's Fiscal Q1 2016 NII And NAV Projection  [View article]
    There has been a lot of discussion here and elsewhere regarding the repurchases of shares. According to your numbers the company repurchased about 32 million worth of shares and you estimate that helped the NAV about 3 cents. Is it correct to say that they would have had to buy back almost ten times as many shares to have kept the NAV at the prior level?
    Nov 4, 2015. 08:34 AM | 2 Likes Like |Link to Comment
  • Insider Buying For BDCs: Q3/Q4 2015  [View article]
    You never mentioned insider sales. Am I correct in assuming that the numbers you show are net purchases?
    Oct 29, 2015. 04:32 AM | Likes Like |Link to Comment
  • Prospect Capital Management's Field Day  [View article]
    I see that a fair number of the PSEC reported sales of assets are at exactly cost where there is neither a gain nor a loss. I assume that nobody forces PSEC to go ahead with such sales. Obviously the only reasons that make sense for such sales, from the view point of a shareholder, are either that the funds received will be used elsewhere to provide better returns or that PSEC believes that there is something wrong with the loan. Of course in cases where PSEC believes that there is something wrong with the loan there is at least one other party who thinks otherwise. Please don't tell me that "our" management knows best.
    I would like to know whether such transactions generate "origination" fees or other commissions to the management and how they affect the total management compensation especially when at least some of them are transacted with "related parties" or companies owned or managed by the PSEC external manager where one may argue that they may not quite be at arm's length.
    Oct 8, 2015. 10:29 PM | 4 Likes Like |Link to Comment
  • After Hours Gainers / Losers  [View news story]
    Maybe SA ought to include a volume indication along with the % price change.
    Oct 5, 2015. 05:53 PM | 5 Likes Like |Link to Comment
  • High-Yield BDC Pricing: Q4 2015  [View article]
    I don't understand how you calculate the numbers in the column "Average" in the last table in your article. Could you indicate how the prices there are calculated, please.
    Oct 5, 2015. 02:23 PM | 1 Like Like |Link to Comment
  • ECC - Cometriq Plays Wallflower As Opdivo's Dance Card Fills  [View article]
    Quoting from your article
    "analysts have attributed a huge share of the growth in kidney cancer to the competing Bristol-Myers Squibb (NYSE:BMY) immuno-oncology agent. "
    You may want to reconsider your wording.
    Sep 26, 2015. 12:19 PM | 1 Like Like |Link to Comment
  • Prospect Capital: This Is All You Need To Know  [View article]
    So, time heals all wounds. Thanks for breaking the news Dr. Davis.
    Sep 24, 2015. 03:17 PM | 4 Likes Like |Link to Comment
  • Prospect Capital Does Right By Shareholders  [View article]
    I believe that PSEC is seeking shareholder approval to sell shares at below book value. Buying shares back but also selling shares at below book value makes no sense to me. Can you perhaps comment on that ColoradoWealth?
    Sep 15, 2015. 03:58 PM | 6 Likes Like |Link to Comment
COMMENTS STATS
108 Comments
160 Likes