it's worth noting that on March 20, 2014, John F. Barry, (an officer), purchased 100,000 shares at $10.86 each, in a transaction valued at $1,0860,000. That is a significant and recent insider buy when the stock was trading at much higher levels. I would not be surprised to see more insider buying reported soon thanks to the sharp pullback in the stock. Either way, with this stock trading below book value and with a yield of about 13%, it appears to be a bargain. Investors who take advantage of the pullback and buy this beaten-down stock now are likely to reap rewards in the future.
The CEO has purchased and owns over 40 million dollars of stock and you think "it's time for a new boss?" Nah. The fact that a CEO has purchased over 3 million shares on the open market with his own cold cash tells me that he has "plenty of skin in the game," and is one of the many reasons why I want the CEO to stay aboard. Not to mention that the CEO is intelligent, street savvy, and delivered over $13 in dividend payments to investors (more than the present share price of PSEC) since PSEC has been a public company (year 2004). Nah, no new CEO is needed or wanted.
Yes, and he has purchased fairly recently, not just years ago. About $8.5 million of shares at street prices, all above the current price, since the start of 2013 and into 2014.
You know, if this SEC thing was so obvious, the outside auditors would have insisted on the SEC presentation ... but they obviously didn't. When management says that the SEC presentation would actually benefit shareholders, it is my opinion that you should believe him 'cause I will guarantee that he has already discussed it with his CPA's.