pennyone , this papeyawn and criminal must be the dumb triplet. Cyprus is not a big worry? Greece was not either. Then who will be next? Italy or Spain? Oh, they are not big worries either, as long as the FED kept pumping easy money. You are all so gullible..... Remind me the movie, dumb, dumber and dumbest (a new one). LOL
Scared much? Wait until that little country across the planet screws up this weekend and you are down big monday on PSEC. I am not short but just letting you know... Also, PSEC is unlikely to be able to cover its future distribution of 0.33 a quarter because it expects to earn only $0.27 to 0.31.. it is not sustainable unless you keep the deal volume very very high so the fees give enough income to cover the dividend.. which means u have to keep growing like crazy by making new investments. PSEC needs to cut the distribution or continue to grow rapidly to keep it at the same level. My guess is PSEC fails to keep its current growth rate of new loans and over pays the distribution for the foreseeable future. GL.
What is worse than a dumb investor? A greedy and dumb investor. Do not waste your breath on them, they would have to learn the hard way. For PSEC to continue to pay more dividends than what they can earn and continue to increase it by 1/10 of a penny to keep their boasting right is almost criminal.