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BlackRock Kelso Capital Corporation Message Board

  • jadelover8888 jadelover8888 Dec 17, 2010 2:50 PM Flag

    Betting against the trend!


    I do not see any adverse news today that justified the continued down trend of BKCC since its Ex-div date was on 12/16 and not today. Therefore, I just bought some more BKCC at 11.18, at this price my annual yield will be about 11.45%, which incidentally is better than that of FSC (10.98% at price of 11.65) or only second to that of PSEC (11.51% at price of 10.49). If I am not mistaken, that will make it the BDC with the second highest dividend rate, but in my opinion, it is much better than PSEC, short term or long term-wise. I once held 6,000 shares of BKCC that I bought at $10. Now in hindsight I probably should have kept every share of it. Therefore, I sincerely hope it will continue to slide below $ 11 a share,then I will be more than happy to buy back my 6,000 shares and I will hold at least half of it for long term. When the selling frenzy slows down, people will realize how undervalued BKCC is at this price. Mark my words. I put money where my mouth is because I learned from painful consequences when I ignored my own advices.

    I now own 3,400 shares of BKCC.

    Good luck to ALL.


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