KCAP KICKING BUT? KCAP price on 8-5-13 $ 10.29 goody !! Price KCAP on 8-9-13 $ 8.78 baddy!! -$1.51 is that a loss of 18%? Perhaps we could say KCAP was kicked in the but? Tell me anyone has PSEC lost 18% in 4 days or rather dropped about 18% in 4 days ever? And so now I go to look at TCAP after all the Prophecies of kenny bear or rather Nostradamus here have been so correct? Now that I want to go out now and buy KCAP rather out of pity rather then "Still can't find any reason " ? May be the reason to buy PSEC is KCAP? After all KCAP is showing us a good reason why PSEC is a better value? Anythoughts?
Still see no reason to buy PSEC. Also sold my KCAP quite some time ago on a small decline and invested in OAS and KOG. I TRADE stocks frequently. My only 'long' stocks are GE, JNJ, LLY, MO, PFE, PG SCG, SO. The rest are just for the ROI. Times change. Parameters change. Holding PSEC is NOT something I would do. Right this minute, if I were holding PSEC I'd sell and buy NYMT. NRF or NRZ.
Bravo, you cannot say it better than me. If all these pumpers are happy in holding their beloved stock, PSEC, for five years with an annual return of about 6% (see my calculation in other message) comparing with KCAP's annual return of 19.06%, what can you or I to do? You simply cannot help people who are dumb and refuse to learn....
Did they even do any real researches in finding out the real return of holding PSEC in long term? Many articles I have read state that the actual annual return of PSEC is only around 4.9% despite its high yield.
Of course, for those who bought it when it was at its bottom price, they may fare better. But you will fare much better from buying other BDCs such as KCAP and even ACAS which does not pay dividend. It shows you how bright some of these pumpers are!!!!!