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Prospect Capital Corporation Message Board

  • g0ldenbear g0ldenbear May 8, 2014 4:05 PM Flag

    This is hardly an endorsement for the CEO

    Shareholders are not happy...time for a new boss?

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    • 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.

    • goldenbear:

      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.

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