You cannot compare RAS to NRF.
The management of NRF is very important, not to mention just how active they are on finding accretive deals, and how much focus they had on share price.
Ras did a reverse split
I bought a lot too steve. I sold a lot of Ticc and put it into PSEC.
I see PSEC regaining a lot of this closer to its next x-date.
So for me the shares I bought today is just really flippers to hold less than 3 weeks IDEALLY. But who knows. Maybe I will get stock with these if things dont go as planned, then they may just get plugged onto my core PSEC
I think the main thing is. PSEC will spin out companies, If it puts its 5 million CLO in the spun out business, then the new business will somehow sell common shares to raise another 5 million and PSEC will retain 50% interest in the CLO.
That way its income should be neutral, its investment from the spinoff should be neutral. If the valuation is higher, then PSEC should be able to have more than 50% interest.
I am not saying it will be done this way, I am saying the way that scenario was neutral, is what psec will want to do. I dont think they give a damn if PSEC really makes anything out of the spin.
The reason: they make a log of management fees (The management company), I am sure the spinoff companies will all provide incentive management fees to the management company. So as each spun out company keeps growing (as their is no longer a 30% basket cap), and they are more attractive as pure play - especially the reit, These will all grow and issue shares and grow, and I dont know if PSEC will benefit, but you can bet the spinoff companies will all have to pay the management company a percent of assets or equity and all sorts of other bonuses.
I think it will end up being neutral or slightly benefiticial to shareholders of PSEC. But its management and their management company that will be really benefiting from this. Initially it will probably be hard for psec to maintain the same income due to all the extra work and cost due to seperation of all these entities, and economies of scale will need to be built up over time
thats my opnion.
Again Its all speculation, but my gut is usually right. I dont know how the spin will happen, so dont critique that part of my example.
No, but when i click the "+" to expand a thread, a popup stops me that says
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Saw your calculations, ur right, it does make posting that type of information a lot better. - Nice posts. Thanks
My speculation is: preliminarily rights offering did seem to check off a number of there requirements checklist boxes.
it may have been the initial leading contender, however they will try to find the best way.
Bear in mind I am not a premium IV member. But the fact that I cant read full messages by eg: show me all the last messages. I dont like seeing one line and having to click something to open the message, especially when it opens a new page.
Yahoo has flaws. But I am not a fan of investor village, but I think it would get better if I was a premium member.
Ye#$%$h, I h#$%$ve been thinking NRF is b#$%$rg#$%$in priced. But I sold 1/3 of my NSAM not too m#$%$ny minutes #$%$go, #$%$nd put it into NRF.
Hopefully NRF c#$%$n pop #$%$nd NSAM c#$%$n drop for just #$%$ d#$%$y, so I c#$%$n reverse this b#$%$ck #$%$g#$%$in.
IS this item in brackets in the original, or did you add this: " (including amounts borrowed)."
Again that makes no sense. Get back in the box. It's not even worth pointing out why your whole perspective is whacked
Firstly, I wouldnt consider it 'depending on your cost basis'. Ignore the tax, if you make money you pay tax, I realize it affects your return to an extent.
From a finance perspective. You should value what you have as if you are buying it today. and then the cost is what you can sell it for today.
I realize NRF will grow some, but I can see them be willing to accept neutral deals to grow, in order to get growth in their NSAM pocket.
Additionally, It looks like NSAM is going to have a lot more potential dividends than its current 10 cent dividend. But It looks like it will invest a lot of that, and get us a better return than on giving it to us. So that is a built in compounding.