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Fifth Street Finance Corp. Message Board

  • thewisejman thewisejman Jan 2, 2014 11:11 AM Flag

    Bought UVV (tobacco)

    at 52.82. I have no ideas why it dropped some 3.21% today, especially when its ex-div date is 1/6/14 with 0.51 quarterly dividend coming. Its Benjamin Graham guru rating given by NADAQ is 86%, quite high. Now, there were some insider selling on Nov. 2013. Well, unless there are some adverse news I do not know of, its drop today just did not make any senses.

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    • Bought ABBV at 51.92, its ex-div date is 1/13/14 with 0.40 quarterly dividend and it dropped 1.71% today. It always bounced back.

      • 1 Reply to thewisejman
      • It is a very interesting day, despite the DOW closed down some 135 points, one of my account is only down about $7 at the end of closing, thanks to my GGN, AUY and pref. stock CEFs. I am disappointed that FSC really did not drop that much, that shows you how good a BDC it is. I may have to pay higher price to grab some more before it shoots back up. It will. PFLT went down to 13.52 but closed back at 13.72, show you how good it is. FSFR refused to sink below 13.20, only down 0.30%, remember the original issue price of this one was actually $15 and its recent NAV actually went above $15 (around 15.20 from memory). I believe you may want to grab a few shares at around 13.20 before it goes up if you believe (1) FSC will continue to perform well, then its floating rate capital FSFR will fare as well or much better; (2) If you believe interest rate will go up.
        I bought some INTC at 25.66 earlier today. Just like it. My other account went down $26 today, all in all, a pretty boring day. May be it will go down again tomorrow and I can grab some FSC around 9.10, just do not see it happen though. It shows how important it is to buy and hold "undervalued" stocks/funds. GLTA J

 
FSC
4.7235-0.4365(-8.46%)10:44 AMEST