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Gladstone Investment Corporatio Message Board

  • feynmanshomeboy feynmanshomeboy Apr 5, 2011 7:23 PM Flag

    GAIN doing what GAIN does

    Press release today describing sale of equity in a wire company for a tidy profit; used proceeds to extend subordinated loans to company.

    This is further proof that Mr. Gladstone and his team are able to repackage companies and make them more attractive.

    http://finance.yahoo.com/news/Gladstone-Investment-prnews-4290501073.html?x=0&.v=1

    Increase in book value of about $6m in the equity to debt conversion. Should make the GAIN's balance sheet even more attractive to lenders so GAIN can continue to grow the portfolio.

    Cheers,
    Feynmanshomeboy

    Disclosure: long in GAIN with no plans to buy or sell in the near term.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • same with me .long with no intention to sell. like them adding shares to my account every month. used to get that in pwe but not any more. if it goes down a little bit more i will add on. should of kept going up past the 8.25. some fool downgraded it. did he read the finacials? when he did that i knew they just wanted a better entry point . i added on there. lol. thanks for the downgrade . manipulating the stock for thier gain. now im gaining from it. lol

 
GAIN
7.840.00(-0.03%)10:39 AMEDT

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