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RAIT Financial Trust Message Board

  • yankeeboy4748 yankeeboy4748 May 23, 2013 1:01 PM Flag

    A stock to probably buy in the later part of June

    Main Street Capital MAIN. It is my opinion they will be doing an offering in late June. It has been very profitable to buy after the offering is announced, for the last few years. The stock in the 28-28.50 area or better would be a really good price. The company pays a monthly divy of 15.5 cents and the current yield is about 6.35 %. My intention is to buy on the offering on a nice drop at whatever price under 29.25 and to then sell out with a 2.00-2.50 point per share profit in about 4-6 weeks after the announcement, as I have done more than a few times. The stock is about 29.35 today. It is a business development corporation stock.

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3.09+0.14(+4.75%)Jun 28 4:02 PMEDT