You sir are a liar. This is about falsified reporting of student outcomes in the employment market. Lies by the for-public colleges in order to keep the federal dollars rolling in.
FSIC became my biggest holding because operationally they have the biggest infrastructure and client access and they continue to deliver great results. And the first year entry yield is 10.5% taking into account the two supplemental dividends, one paid in AUG and next in NOV.
All of the stats in the world have no meaning because there is still significant overcapacity in available ships of all kinds. The rates and the length of time rates have stayed down tell the entire story of these shipping stocks for the past five plus years. They are dead money and will remain dead money for another five years.
NAT's management history is one of complete incompetence, gambling on recovery way too soon and overpaying for ships.
Lada you may think you know things but you do not know that when these supercycles end for all commodity related industries there is a depression of sorts that forms. Cliffs Natural is the latest and greatest to compress and collapse even more.
Shipping stocks are in a depression. NAT was $35 and management used its currency to buy more and more and more ships and they can fill them at lower rates but the outcome for shareholders is the same: PAIN!
NAT has been negative money for five years and will remain dead money another five years. Management has sunk this stock buying too many ships at too high of prices believing in a secular growth of rates that cannot occur until the Chinese stop overbuilding of ships.
What part of no buyer will buy COCO's assets outside of BK? There are multiple lawsuits by multiple states' attorney generals and all sorts of other lawsuits that make COCO worth zero. Online courses? How about so much bad will there is no goodwill left to be sold.
Is the DOJ working toward closure of HCP or Best Buy. You are exactly why Obama and democrats are still around; too stupid to live.
Balance sheet degradation is always the long term result of preferred issuances. Its only a matter of time and shareholders will pay big for this balance sheet degradation. Smart money is moving on.
Dude, NO buyer will step forward. Given the liability exposure this will have to go into BK before any buyer emerges. ZERO for you ignorant buyers.... these stocks should be reset to zero and end trading but then Wall Street no longer makes millions in commissions paid for by idiots that think a dead company has any value left.
Say goodbye to MCP and yet another commodity-based company built on deploying too much capital too inefficiently in the mistaken belief that by the time all the capital is deployed that once again commodity prices would crash and all of the assumptions made prior to deploying capital are smashed to pieces.
Cheniere will be next as they continue to build out for a natural gas export scenario that will not play out in their favor as lower cost of capital players enter the market.
That is not true. A bank assures itself of its own security so the idea that a bank is blessing something called value is idealistic on your part. What PSEC gains in this change in lending terms, unfortunately, is more than offset by a cost of capital that is simply too high compared to the peer group.
PSEC must maintain certain debt/equity provisions with the bank meaning issuances of equity to coincide with draws on debt. The problem is the mix is uncompetitive with the peer group meaning anyone who is the riskiest of the riskiest of borrowers have to come to PSEC and pay significantly more for money than better credit quality companies that can go to ARCC for example.
I am not comforted that PSEC makes loans at 20% coupon rates and then had to adjust loan terms to 10% current plus 7% PIK because the borrower can no longer pay 20%. Do your own DD but owning PSEC is owning a ticket to the eventual beheading of this BDC.
You are competing with a box of rocks in terms of level of stupidity. There will be ZERO here when all is said and done.
Depends on your definition of OK. I prefer BDCs like ARCC and NMFC that maintain comfortable dividend AND pay out supplemental dividends. I prefer knowing that I can get a baseline dividend with as in the case with NMFC a supplemental this quarter.
PSEC pays out too much and investors are wise to this and they have already seen PSEC have to cut its dividend several years ago coincident with converting to monthly payouts. I prefer 200-300 basis points less yield in baseline dividends and the supplemental dividends rather than wonder of PSEC will have to cut its dividend because they are too close to the line AND haven't covered in several quarters instead eating thru their excess earnings which are now down to $0.09/share and falling.
Dream on dood. Law of large numbers and Mr. Kinder himself indicating as little #$%$ future dividend growth at KMI. Why own KMI when you can own many other GPs offering dividend growth 2-3x higher that amount. KMP and KMR holders got screwed because they have to pay big ordinary income taxes on this transaction.
This is a joke dividend... proof that real cash for real dividends at NAT is their new reality. This management team spends more time engineering its balance sheet because it bought too many ships and overpaid for them believing the virtuous rate cycle would recover.....
That may be the only way to do the deal to avoid significant dilution. I would not own it because I want the large distribution growth potential you get from an MMP for example. KMI will offer higher growth than OKE but its such a mixed bag consolidation you may end up with a situation like WMB/ACMP/WPZ where the perception is ACMP is a loser in the transaction in the near term because ACMP's much higher dcf growth has to cover for WPZ's much lower dcf growth.
I think ETE can no longer buy the Targa complex.... clearly Wall Street knew another incredible quarter was coming and would not let ETE steal the Targa complex from its shareholders.
ETE will have to ante up a lot more. I had a feeling ETE was trying to close a deal before all of the good things in the NGLS/TRGP complex came to the forefront.
Just curious inasmuch as Obama's attorney general believes that to be the case with Obama.
This could be about buy the rumor sell the news. The capital plan was a noteworthy event triggering event-oriented investors to take profits.