just have to wait this out ... if they don't cut the dividend it should just roll with the markets ... so here's to a higher market at some point this year.
to hear all the experts on this site PNNT has a 6% exposure to energy ... I've read media articles that suggested as high as 17% ... I read another where it said 10% ... so no one truly knows. I would say this though, usually Wall Street knows and by the way the stock has been killed that's telling us something. I'm long 6,000 shares in the 9's so I'm officially looooong term. Crossing fingers no divy cut. Good luck
sorry everyone if you think I 'broke some traders law' in selling at support but WE ALL THOUGHT THAT at 9, 8, 7 ... Ive held PNNT since 2011 and bought bought bought on those quote unquote SUPPORT LINES and Im holding a HEAVY #$%$ bag right now ... and yes I can read a 10K ... but REGARDLESS the media writes articles that say were holding anywhere from 10%-17% (google them, they are there) so wall street is slamming us ... hey, I STILL OWN over 6,000 shares so dont come at me like Im some SHORTIE ... Im looking for SOMETHING to hold onto while we go through this ... thanks again for your inputs ...I do hope for the best. Happy New Years folks
I just can't handle the heat. I'm now of the belief that oil will not only stay near these 35x levels and as 2016 rolls out I feel companies with balance sheets with heavy debt will default as the bills will come due. PNNT, will be tossed away with that group and I just feel 2016 will reveal were too leveraged in oil. I sold shares today to get some 2015 loss and will start selling a little more in 2016 ... TRUST ME, all in the hopes it still comes back but Im now worried. Good luck
a fresh article just produced this ... WHAT IS RIGHT?!?! UGH! 17% OIL exposure
According to KBW research, as of December 2014, the percentage of energy portfolio for PennantPark Investment, Main Street Capital, Apollo Investment and Triangle Capital stood at 17%, 15% 13% and 9%, respectively, while Prospect Capital and Ares Capital held 5% and 2%, respectively.
So.. a couple weeks ago (or back when the discussion was heavy about how much PNNT had in oil investments) we read articles stating or mentioning they had a 10% portfolio risk to oil ... today I read that its 17% of the portfolio ... please, someone that knows the deal respond.. whats the true make up of the portfolio and how oil dependent are we? (yes, I'm a shareholders) ---- from the recent article -- According to KBW research, as of December 2014, the percentage of energy portfolio for PennantPark Investment, Main Street Capital, Apollo Investment and Triangle Capital stood at 17%, 15% 13% and 9%, respectively, while Prospect Capital and Ares Capital held 5% and 2%, respectively.
depends if this is a swing trade for you or not ... oil turns KMI turns. Its a waiting game for me now... maybe write some covered calls and have some fun with it ... but Im long at this point. IF I had to bet this sell off has more to do with long time KMI supporters (big wall street) just losing patience and have decided to cut and run so the End of Year portfolio doesnt show a -50% loser ... after the beginning of the year they'll come back IF no other shoes drop IMO