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TICC Capital Corp. Message Board

  • beefstu57 beefstu57 Apr 11, 2013 4:02 PM Flag

    Complete destruction in BDC sector

    continues. Dow soars to all time highs and BDC sector sinks lower and lower and lower and lower.

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    • Okay let's say it makes it to 9 and then back to 10 and then to 9 again. This is pretty reasonable as you look at the historical volatility. Thing is that it has paid a dividend as much as it could over time and it continues to pay every quarter. I had the opportunity to buy this ticker back in 2009 along with PSEC, KFN, and others that had been hard hit by the crash of the mortgage market and the ensuing recession. Admitted, I bought some on the way up to its highs in early 2011, but I got some more in late 2011 that soothed the pain of the $11 ish 2010 buys. Much of those purchases were made with prior dividends from these and other BDCs & mREITS. The thing is the dividends from these companies just keep adding up and providing more dry powder to buy more stock. That is the point! These companies have public web pages that you can visit and see the information pertaining to their financials as they are fairly transparent in their operations (TICC amazingly so), and you can observe insider, mutual funds, and institutional trading. Admitted, all BDCs carry quite a bit of risk, but most of them like TICC and PSEC are well run and transparent and in for the long haul. In fact if you want to ask questions as a retail investor you can attend their quarterlies earning conference call and ask away, but please make it a reasonable question pertaining to the business of the company.

      Sentiment: Buy

    • Complete destruction in Beefstu's Pants....

    • 12%...I am buying

    • bore me.

5.62-0.01(-0.18%)Jul 25 4:00 PMEDT