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  • Prospect Capital: Don't Believe The Anti-Hype [View article]
    One of the charts is garbage. PSEC did not return 8.9% in 2014.

    Yahoo says stock price on 1/2/14 was $9.20 and on 12/31/14 it was $7.75. Even factoring the divvy you don't get an 8.9% total return.
    Jul 2, 2015. 09:45 AM | 3 Likes Like |Link to Comment
  • Prospect Capital boosts investment in portfolio company [View news story]
    Peel.

    Apple did trade below what management felt was fair value. Guess what they did? They bought back shares hand over fist.

    We can argue over the influence that Carl Icahn had but the end result was share buybacks that supported and increased share price.

    Why won't PSEC management do the same?
    Jul 1, 2015. 11:34 AM | 1 Like Like |Link to Comment
  • Prospect Capital boosts investment in portfolio company [View news story]
    You aren't crazy, you just don't understand how PSEC management is screwing you.

    Do you really think that PSEC will get a better ROI on that investment when they could buy back shares trading at a 30% discount to book value? And the lower share count would increase NII per share and potentially lead to a divvy increase.
    Jul 1, 2015. 10:17 AM | 4 Likes Like |Link to Comment
  • Prospect Capital boosts investment in portfolio company [View news story]
    But if they bought back shares they would increase NII *per share*.

    Do you think they'll get a better ROI on that investment when shares are 30% below book value?
    Jul 1, 2015. 10:13 AM | 2 Likes Like |Link to Comment
  • The Best Pairs Trade In The Market: Buy Geron And Short Incyte [View article]
    Hard to say how physicians will respond to Baricitinib but I suspect patients will clamor for it over the TNF blockers as it is an oral agent.

    If it has similar efficacy (a big if, I know) it will be commercially successful.
    Jun 24, 2015. 10:46 AM | Likes Like |Link to Comment
  • The Best Pairs Trade In The Market: Buy Geron And Short Incyte [View article]
    Phil you've given some risks for your long trade in GERN, why didn't you discuss risks associated with the INCY short?
    Jun 23, 2015. 01:58 PM | Likes Like |Link to Comment
  • Prospect Capital: A Deeper Look At The Most Hated Stock On Wall Street [View article]
    If PSEC is so undervalued, why aren't they buying back shares? Nothing would chase the short sellers away faster than a buyback.

    Their refusal to do so speaks volumes about how management feels about PSEC's NAV. They can talk all they want about how undervalued they think PSEC is. Talk is cheap.
    Jun 12, 2015. 07:48 AM | 6 Likes Like |Link to Comment
  • Main Street Capital makes its case at investor day [View news story]
    BEST OF BREED.

    PSEC take notice. This is how you do a BDC.
    Jun 9, 2015. 01:12 PM | 7 Likes Like |Link to Comment
  • Greece situation not getting any better [View news story]
    I don't understand the leverage Greece has or thinks it has in these negotiations. Someone who knows, please explain.
    Jun 8, 2015. 10:44 AM | 1 Like Like |Link to Comment
  • Lumber Liquidators plummets after CEO resigns [View news story]
    YOU WIN THE INTERNET TODAY
    May 21, 2015. 02:11 PM | Likes Like |Link to Comment
  • AMD: This Intel Ankle-Biter Is On Its Way To Substantial Profits [View article]
    Andreas,

    I have nothing to add other than "LIKE".
    May 14, 2015. 11:32 AM | 4 Likes Like |Link to Comment
  • Prospect Capital Has Become Absurdly Cheap [View article]
    Great post Joshua. Agree with all your points.

    Many contributors here at SA are seduced by the discount to NAV that PSEC is currently experiencing. But its selling at a discount for very sound reasons that you have pointed out.
    May 7, 2015. 09:21 AM | 7 Likes Like |Link to Comment
  • Irrational exuberance? Yellen says stock valuations are quite high [View news story]
    If she thinks stocks are overvalued, I wonder what she thinks of bonds.
    May 6, 2015. 10:36 AM | 23 Likes Like |Link to Comment
  • If This Is A True Sell-Off In Biotech... [View article]
    Looking forward to pull back in IBB so I can get in at a better entry point. Agree with above that yesterday wasn't the real pull back to look for.
    Apr 28, 2015. 11:53 AM | 2 Likes Like |Link to Comment
  • Peabody Energy: Buy It Here While You Can [View article]
    @hind

    I would think a repub president would help I don't know how easy or difficult it would be for a repub president to roll back the regs and its hard to say right now how likely it is that a republican will be elected president.
    Apr 23, 2015. 01:15 PM | 1 Like Like |Link to Comment
COMMENTS STATS
429 Comments
813 Likes