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COBeeMan

COBeeMan
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  • Prospect Capital boosts investment in portfolio company [View news story]
    Mevo - thanks for your patience. I think we have different perspectives and goals, but that is what makes a market!
    Jul 3, 2015. 05:57 PM | Likes Like |Link to Comment
  • 4 Developments To Note While The U.S. Is On Holiday [View article]
    Marc - you said, "Clearly on a "no" vote, at its Monday meeting, the ECB cannot increase the ELA borrowings. However, it is not clear, that they can on a "yes" vote."

    However, do the official creditors really care which way the vote goes? From their perspective, isn't the referendum an internal event of Greece but a distraction to solving the problems that caused the situation, and when it is finished the Greek government will have the same choices they had prior to the vote.
    Jul 3, 2015. 05:15 PM | Likes Like |Link to Comment
  • Addressing Western Asset Mortgage Capital's Perplexing Dividend Cut [View article]
    SV - Thanks for the advice! Personally, I don't think we're in for another '07-'09 time in the market, but we have been over due for a correction, which I think we're trying to have. Buy low! ;)
    Jul 3, 2015. 04:49 PM | Likes Like |Link to Comment
  • Prospect Capital - The Rate Hike Jitters Are Overdone [View article]
    increduouls123 - I don't recall ever claiming that. However, I probably said something tongue in cheek about that kind of action often occurring as a result of potential claims of libel, which was a play on words from a previous comment from someone that used the word "libelous". I don't remember the details, but was funny!

    Sorry to intrude on your day and trigger your anger; I thought my question here was pretty civil and was giving you a decent opening. Now I can only assume you have no facts and that you just like to rant at anyone who you think disagrees with you, even when they don't.

    Good luck to you!
    Jul 3, 2015. 04:42 PM | Likes Like |Link to Comment
  • Prospect Capital - Lies, Distortions And The Truth [View article]
    I suspect they are more interested in speaking to those who have serious questions rather than those who want to rant, lecture, and ask questions like, "how long have you hated your shareholders?". ;)
    Jul 3, 2015. 04:31 PM | 2 Likes Like |Link to Comment
  • Prospect Capital boosts investment in portfolio company [View news story]
    Mevo - I'm still confused as to how buying back stock below NAV (discount) can be considered increased income (unless assets are sold). I understand that it adds net value to the balance sheet, but how does it add spendable cash? You said, "a buyback earns the discount", but you can't spend a discount, and isn't the discount dependent on market value (not static), which is dependent on interest rates (not static)? So, I'm not sure you adequately answered my question about considering timing relative to interest rates. In fact, you said they are, "NOT IMPORTANT AT ALL", which I find hard to believe.

    I guess you are thinking from the immediate business value (and NAV/share) at a point in time rather than the business operations, cash flow, and future growth perspective that I come from (and what I look for in an investment).
    Jul 3, 2015. 04:27 PM | 1 Like Like |Link to Comment
  • Prospect Capital - The Rate Hike Jitters Are Overdone [View article]
    incredulous123 - Since you rightfully criticize those who "try to pass opinion as fact", what are the facts as you seem them regarding PSEC and this article?
    Jul 3, 2015. 12:59 PM | 1 Like Like |Link to Comment
  • Prospect Capital boosts investment in portfolio company [View news story]
    Mevo - isn't there a consideration for timing when evaluating what is the best use of cash and the benefits of a buy back? Is it possible that using up cash now in a stock buy back (which only reduces total dividends paid out and produces zero new income) would make that cash unavailable for new deals at higher rates (producing new income) after the rates increase? Doesn't the unique situation with the Fed Rate about to rise modify the traditional logic of the benefit of a buy back? Wouldn't any price increase that results from a buy back now, be erased by the panic all dividend stocks will suffer through when the Fed Rate raise is announced? Wouldn't that negate the benefit of a buy back now, and potentially make a case for a buy back after the rate rise panic? Thank you in advance for your replies.
    Jul 3, 2015. 12:50 PM | Likes Like |Link to Comment
  • Prospect Capital - Lies, Distortions And The Truth [View article]
    rafcaf - I don't understand your comment, "one of the highest management fees". Aren't they charging the same BDC industry standard 2%/20% as the vast majority of other BDCs?
    Jul 2, 2015. 05:51 PM | 1 Like Like |Link to Comment
  • Prospect Capital: Don't Believe The Anti-Hype [View article]
    Bill - Why did you buy PSEC? What has changed, other than the price?
    Jul 2, 2015. 10:20 AM | Likes Like |Link to Comment
  • Prospect Capital: Don't Believe The Anti-Hype [View article]
    How do BDCs earn the money to pay the dividend? What happens to a BDC that doesn't continue to grow earnings? What is the best use of cash for a BDC in this Fed Rate changing environment?
    Jul 2, 2015. 10:18 AM | 1 Like Like |Link to Comment
  • Prospect Capital: Don't Believe The Anti-Hype [View article]
    Kummin - on what actions is their distrust based? All I can find is that some vocal investors don't like not having details on the spinoff yet and they don't like that the management didn't reduce their industry standard 2/20 fees.

    I've also heard disappointed calls for a buyback, but anyone who knows how a BDC works knows that they are saving their cash so they can use it on higher performing deals after the rate hike, so a buyback that is significant enough to move the price would be short sighted in this environment (unless conditions change).
    Jul 2, 2015. 10:11 AM | 3 Likes Like |Link to Comment
  • Prospect Capital provides funding for Webster Capital deal [View news story]
    How do BDCs make their profits, and how should they be positioning themselves going into the coming environment of higher interest rates? Anyone?
    Jul 2, 2015. 09:54 AM | 1 Like Like |Link to Comment
  • How To Return To Oil Sector Investing [View article]
    I used a yield goal of 12% to compute at what price to start buying MLPL. That was $50/share and I've been buying more on the way down. My perspective...anything more than 12% is gravy.
    Jul 1, 2015. 03:07 PM | 1 Like Like |Link to Comment
  • Prospect Capital boosts investment in portfolio company [View news story]
    cigarsrgood4u - That is true when the series of hikes are steep and often (usually to slow down the economy). This time, it is being broadcast that the Fed Rate hikes will be small and far apart, which is actually good for REITs (and BDCs).
    Jul 1, 2015. 02:01 PM | 2 Likes Like |Link to Comment
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