Why would you want to gamble on this company when you could invest in CEF's in the energy industry? Try the Tortoise Family of CEF's i.e. TPZ, TYG etc. or KYN. Do your own DD, but these CEF's are like mutual funds of the energy industry. They have MANY viable Pipe Line Companies within their funds. Unfortunately, we're invested in KMI right now and have taken a beating with that one company. Good luck.
Instead of buying PSEC, CPTA or HRZN, you may want to look into TPZ (pays monthly since 2009) and it's a CEF made up of MANY MLP's and bonds of energy related entities. Do your own DD, but I'd stay away from individual stocks after the LINN/LNCO fiasco. It pays 1.65 annually and 13 cents monthly. As is usual, yahoo has the dividend wrong so pay no attention to yahoo's dividend report. It's NOT .85 cents, it's 1.65. GLTA.
Good God, NO! I checked RSH today and it's GONE. Anybody remember the Greater Fool Theory??
We made a bunch of $ on LINN several years back. When LNCO begain paying monthly dividends back in 2013 we looked at it at 40.00/sh. We considered investing 80k for 2000 shares but backed off. We're into monthly divys and have invested substantially in TPZ. Thank God we backed off on the 80k for LNCO. What a kick in the head that would have been to our future. Never again will we invest in a single company stock.
Several years ago (2012, I believe,) our daughter talked me into going to Sears to purchase a side by side frig. Good God, we thought we were in a typical used car lot with the typical used car sales pros titute. "Buy it today and we'll knock off an extra 5%" Open up a Sear credit card and another 3% off and we'll deliver it by tomorrow." Needless to say we got the hell out of there, went to HD and bot a refrigerator that day. Haven't been back to a Sears store since to buy anything. All the Sears management had to do is emulate WMT or HD IMO, but, no, they had to act like the fools they are.
Sentiment: Strong Sell
Why can't galt take a little heat for its lousy stock? Because some nitwit will call you a "crybaby". Good for you. As a fellow bagholder, I wish a class action lawsuit would befall the AZ fraudster who promoted this p.os. now many years ago.
The dividend was increased by 10% effective the March 30 distribution. This makes it 1.65 on an annual basis, not 1.50. Get with it, yahoo.
Sentiment: Strong Buy
We usually get two emails from the company about any development. We got zilch on this supposed lawsuit as of 5/8/15. We scoured the internet searching for any lawsuit and GALT (Galactin...) and nothing. How did you get notified? Where can we find this on the internet? It's not on their website. Is this more B/S?
Wish CNN.money or some other similar website would have a message board at which time this yahoo bunch would become a distant poor memory. KMI is not the only message board that's closed. TPZ, which we own, is also closed.
Sentiment: Strong Buy
No, it wasn't an over-reaction IMO. Finally found the financial statements as of December, 2014 on their website. The balance sheet presentation was not complete in accordance with GAAP. While the cash position rose to 18,273 from a December, 2013 balance of 972, debt increased by a whopping 30,720 (all numbers in thousands). Are they're borrowing $ to stay afloat? They bot Romano's for 55 million two years ago and sold it for 8 million now according to the Houston Business Journal.
What loss? We averaged down and, unlike some others with no life other than this message board who have no vested interest in this stock, we don't post on boards for which we have no stock. Over and out.
If you go back in the archives (don't know if you even can) when this was PRW and PRWP, you'll find it was ALWAYS "next year" without fail. And, it always failed. Wish someone with $ would file a class action suit against the AZ promoter of many years ago. BTW, this was way before the present management.