Thx for the response, I had been looking at a few of these low cost high yield stocks and this one was recommended to me on the BKCC boards. I am still in the early stages of my investing so these smaller ones make me nervous ha-ha. I have core stocks like AAPL, MSFT, CAT, INTC, PG and a few others this would be my first "spec play" type investment.
Or am i looking at these type of companies wrong? are they not speculative plays?
There is a lot of risk in BDC's. My advice would be to track them and keep up to date on any of their SEC filings. You can make a good buck off them but you have to buy right. Sometimes they take a pounding and sell well below what they are worth. You just have to wait it out. Don't get crazy by the big dividend numbers. Do your research so you know which are outstanding buys when the price drops.
MY 2 cents: FSC will be a buy when you hit the enter key without second thoughts.
Friday (Greek deal and US job numbers) is a long way off, and we could easily see this fall another 20 cents, depending on "headline" news. Buying or selling now is, IMO, speculation based on the outcome of both of those events.
The market is set up for a big relief rally on a Greek deal and good job numbers. If I see this drop more, I may buy some on Thursday for the Friday trade. (I have 6000 core position here; that's enough for me.)