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MCG Capital Corporation Message Board

  • vra_shareholder vra_shareholder Aug 2, 2013 6:45 AM Flag

    A very solid quarterly report

    I read the transcript to the Q2 CC and am I very happy.

    Management said that with the current amount of liquidity available for investment as well as the current business model, the company can generate 14 cents/quarter of operating income. This tells me that there is a good chance that the dividend will be raised soon.

    In addition, there is a reasonable chance to source another $300 million of liquidity in the near-term. This could result in another 8 cents/quarter of operating income and another dividend increase.

    Operationally, I liked the fact that the company source four loans with new customers. I also like the sharp decrease in operating expenses. I wished that fee income was higher but maybe that will come in the future.

    I think that it is reasonable to expect we hit $6.00 by December 31, 2013, particularly if the dividend is increased.

4.430.0000(0.00%)Aug 17 4:00 PMEDT