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  • Prospect Capital's Dividend And NAV Sustainability Analysis (Pre Fiscal Q4 2015 Earnings) - Part 1 [View article]
    You need to actually read Kennnedy's analysis. That divvy hardly looks safe IMO.
    Jul 28, 2015. 01:41 PM | 2 Likes Like |Link to Comment
  • Prospect Capital's Dividend And NAV Sustainability Analysis (Pre Fiscal Q4 2015 Earnings) - Part 1 [View article]
    That was good frog!!
    Jul 28, 2015. 01:36 PM | 1 Like Like |Link to Comment
  • Top 5 Reasons To Buy Prospect Capital On Another Dip [View article]
    Buying now only makes sense if you think share price (NOT NAV) will be stable and the dividend will be stable or increase. Yet during a period of economic expansion (admittedly tepid, but still expanding) the dividend was significantly cut.

    What do you think will happen to the divvy when the economy dips?
    Jul 23, 2015. 11:22 AM | 1 Like Like |Link to Comment
  • Top 5 Reasons To Buy Prospect Capital On Another Dip [View article]
    Who wants double digit loses? That's what I have in PSEC. The people most likely to have double digit gains is management.
    Jul 22, 2015. 03:23 PM | 4 Likes Like |Link to Comment
  • Top 5 Reasons To Buy Prospect Capital On Another Dip [View article]
    I think too many people believe that if a BDC is selling at a discount to NAV it is a "good" thing. However when they raise money by selling shares it becomes dilutive. If a BDC is selling at a premium to NAV and sells shares it is accretive.

    IMO, a BDC selling a discount to NAV is no "good" thing. Just look at MAIN. Sells at a large premium and doing just fine thank you.
    Jul 22, 2015. 02:40 PM | 1 Like Like |Link to Comment
  • All eyes on Greek referendum [View news story]
    My money is on a Chinese bailout. Maybe in exchange for a naval base on one of those picturesque islands.

    Could be a watershed event for China to project their power.
    Jul 5, 2015. 12:32 PM | 3 Likes Like |Link to Comment
  • The Best Pairs Trade In The Market: Buy Geron And Short Incyte [View article]
    Shino;

    You're absolutely right. Good post.
    Jul 4, 2015. 08:46 AM | 1 Like Like |Link to Comment
  • 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
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