I don't think we will see a 10 in Front of psec's price for a long time to come after Monday.
* asset write ups (10.93 NAV estimate up from 10.81)
*strong noi of 0.33 to 0.37
* dividends of 0.110125, 0.110150, 0.110175
* possible asset management platform idea to be discussed. Asset management business could provide increasing dividend income to psec and be a backbone to the dividend and future dividend increases. Possibly Working with unnamed firm to raise new capital for this platform.
Sorry wont tell you where I got these estimates, ideas, rumors.
It is too funny, you know, you told all these navie pumpers that price of PSEC will rise to and above 11 and three of them gave you a thumb up and now PSEC started tanking after its disappointing quarter earning, did that show their ignorance or greed?
See the last * I posted up top there.. sorry i couldnt be more specific before.. I didn't want to cause any trouble and I had only heard it as a rumor.. I didn't know anything personally for sure - I just want to clarify ... I, in no way, was involved in any insider trading or knowledge other then a rumor.
Your other post, a few minutes away from this one, says you aren't long or short, and don't plan to buy above $10. Did I misunderstand the "$10 range soon to end" statement? I thought you were predicting it would be $11 or more, no?
Instant, goodness, fattening up the pig for the kill again? NAV goes up to 10.93 after they sold more more and more notes? I guess anything is possible since they would be the one who will give fair market value of their holdings. If I were them, I will keep increasing my NAV too. But, last time they had to use some of their capital to pay their dividends, therefore resulted in decreasing their NAV? Did you forget about that already? So if you do not believe it will go down, why in the world you kept selling your shares so cheap? You are really a hypocrite. Who are you trying to con? All these small fries here?
The thing Prospect has to do now is get the earning per share up. They got the company growing it just they are borrowing to fast so earnings do not show. Adding shares dilutes but it is just added way for them to come up with cash. They got plenty of ways to come up with cash.
Sentiment: Strong Buy
About NAV: management would not make the NAV decline.. which they have.. from $10.87 to $10.81 prior quarters while still earnings like 0.50/share of noi and dividend rates of 0.30 to 0.33. So what we have here is UNREALIZED DEPRECIATION, previously. Now we are going to see that change in Q1 with a reversal of that unrealized depreciation. NAV is set to go higher.. asset prices are higher.. so that means... NAV is higher too. (most likely)
Trying to get you to wake up and realize that PSEC is where you want to be in this sector. Also.. MTGE looks nice under $22.50.. i may not be a shark.. but i sure might take a few bites out of MTGE if it drops below $22.50.