The sheep are upset again and blaming the Wall Street crooks.....they want action and all their money back!! Can you arrange for that to happen?? NO???!.......but what do I tell the sheep?? Hello?? Sec, hello??? Hello?? They hung up , I guess.......
so basically now its buy. Cramer had some great calls on twtr and gpro lately. Think he also was pumping the chips name before april and then they crashed lol. dont watch cramer anymore.
Yes, a ramp up period is unavoidable but it is far from certain that a credit line would be drawn down during it. For one thing, the contingency built into the capex may not be expended which would leave them with more cash. For another, the grade may be better than budgeted and they may generate more cash than anticipated. It's pretty clear that the 50 million may or may not be needed. Hence, they wish to have it available in case it is needed. Ensuring adequate working capital is not, semantically speaking, equivalent to taking a 50 million dollar loan and perforce spending it. It's ensuring they have it if they need it, which they may or may not.
Hey, according to the rabid dog PSEC support cult that POS in Ft. Wayne was a trophy asset that PSEC picked up for a song.
Managers have overhead costs... Cost of employees, cost of marketing, etc. it's not as simple as stealing from the golden goose.... But the fees take a big bite out of the total returns... Because the collect like 30-40% of the income but have no capital at risk in the BDC as an owner of the manager. If you follow me... So that takes a big bite out of returns... It's just not very cost effective to own BDCs and get paid such a low yield after nonaccruals (charge offs) and take on all that risk and the risk of leverage.
" the national socialism that was instituted in Detroit and Baltimore by many
Black Mayors and police chiefs since the 1970's."
Wow, what a neat little imaginary world you live in. Maybe that's the place where you bought that vintage Pinot Grigio and invented the story of you living in a penthouse in naples, which is the story that replaced you living in a penthouse in Napa, which is the story that replaced the one where you live off of Central Park.
"Articles are bought and paid for just like the analyst"
I guess that notion could apply to you too huh? lmao
"but certainly not technically bankrupt by any means". When I said technically bankrupt I meant by definition which is: In finance: Having negative equity but servicing the debt.
As I'm sure you know, there is a huge amount of cash sitting in PE firms and they have to invest that money or return it. It is not unusual for them to park the money in mediocre opportunities until the right opportunity comes along.
As you can see by my second post below, if I'm looking for a place to invest, I think there are better opportunities.