Seeking Alpha spent a lot of time knocking MCC, started right off the bat saying it was a risky investment. It was nice of them to let the average investor know what they think is a problem with the companies finances. If it is true there are 4 companies creating deficiencies, perhaps there is a small area of concern. I believe MCC Management has had a handle on this long before SA started their analysis.
Did SA mention any god points, no they did not, because they wanted to knock the price down by scaring everybody so they themselves could buy cheap shares. SA has just done the same with PSEC/FSC etc. Too many investors fall for SA tactics so do some DD and act accordingly. As an income vehicle MCC is a buy especially at the current price.
Patience is a very important aspect of investing. Have continued to buy more TICC in the $9.60 range with a good yield and strong base felt I could not lose. Have 17k now but hoping to add at this lower price.
I was in PSEC big time but it is getting very scary now. Every day new info indicates they will not generate enough income to meet the dividends going forward. The stock is very volatile now so if you can stand it, go for it. My thoughts are that a year down the road PSEC will be a very low priced stock.
Did anyone notice we now have Freddykane3945, I remember the real Fred couple years ago that had great insight in the market and RSO. He got hacked by this ##@@**^^and said goodbye. Too bad for investors interested in the market and of course making money. Where is the French lady, gave up too!
There may be fear in the street about a dividend cut, with a 15.1% yield am I worried. Just pile on more shares is the only way to make money here. Remember what Buffet said about "fear in the street". Did he sell, no way, he bought cheaper shares!
RSO looking good again......Bought 6k this morning, 29 trades to fill the 6k. Almost all were 100 share blocks, one 500 and one 300 lot of small scared players before quarterly meeting! With 15% dividend no brainer!!!
Dividend coverage for ETJ and EXG for August was by NII, no ROC shown on the distribution. ETV, ETW, and ETY showed ROC to a large extent!
Sentiment: Strong Buy
Looks like we are heading in right direction the last 3 trading days before x-day! Will be collecting more than a few bucks in a few days!
Sentiment: Strong Buy
The current NAV discount for ETJ has declined to 6.11%. The recent rise in the fund price has investors wondering what is happening. How many shares did EV purchase when the discount had exceeded 9.75%?
Sentiment: Strong Buy
petarbuku.....Once KCAP announces dividend it is time to load up as SPO will follow within couple weeks. See MCC!
aquasions....Near end of July I thought KCAP would have a SPO as their coffers were getting low. The last few days there has been a glut of SPO's so what is KCAP waiting for? Last few days price has gone up so I suspect KCAP will have an SPO shortly what with next x-day around October 1st.
The clock is ticking, but in no hurry to buy until the SPO is announced. Lot of other high yielders out there such as FSC, MCC, NYMT, TICC and PSEC. Dumped all but 1k of PSEC, problems brewing there in the long run. Waiting for RSO dividend announcement too!
blair.wagner ....If you have access to WF Research it gives a very comprehensive analysis of TICC. Some of SA is some what correct but not to extent that a sell issue is warranted. WF still has a Market Perform rating with the high yield out weighing the risk. TICC has a lot of CLO's that seem to be the reason for the stock not performing as investors wish! Long 17k!
EOD has a lot global investments, when good news comes out of the Euro block it seems to help the price action. When it was at $8.63 I had a sell at $8.65 trying to lighten up. Was not watching close enough and missed anything over $8.60 would have been good. Better put in a GTC now in case I am away again!
First got in when the dividend was ,50cents in March of 09, has been reduced 3 times since then. Think it time to move on to couple others that are high yielders now i.e. FSC, MCC, TICC!
Will investors receive the August 25th x-day dividend with new IPO shares? Maybe dumb question but maybe strings attached?
reik.....can't find anything but 5mil shares seems like being invested by???? Is there an offering going to happen before the bell tomorrow? MCC has been doing this every 5-6 months!!!!
fracmonk......fill us in on a few details.....Yahoo does not recognize MDLY! Maybe, who they are and price of IPO etc. Thanks!