I own 17k shares of PSEC and have owned it awhile. I have to admit that today was the perfect storm by coupling an article that was written with an hypothesis that is far fetched and the announcement that PSEC was coming off of the S&P Small Cap 600. I fully believe that today presented a get out of jail card for those who would like to own this high dividend play cheaper than normal. Very Bullish on this name. The real threat is when PSEC issues more shares which will come but plays out in time assuming the money is used wisely.
Sentiment: Strong Buy
I hate to point out the glass half full but the lawsuit argument goes both ways. Lawyers (snakes) like to jump on the band wagon and they probably will side with Barrons and sue over this debacle that began last year and has taken KMP from $90 per share to today. Hello.
I was playing golf and didn't sell before the close. However, I bought more at $8.71 ahead of the carnage. GRPN is somewhat like TWTR in that they both have high short interest. TWTR had an awful report and was down +20%. GRPN acted the same. I have got to believe that the shorts provide both a cushion and a rocket booster as well. We shall see next week.
Sentiment: Strong Buy
I have mentioned BPL before on this board regarding why it seems to have pulled ahead of KMP in performance. That being said, it could be that KMP is beginning a move to catch up. On the surface KMP is better on almost every metric
I sold prior to earnings and then bought back in at $55 thinking I had done well. Now I am down 5 points and it seems that Twitters user growth was very very low missing by 8mm users. I don't use Twitter but have to ask how Twitter gains new users
I own some FTR but am considering selling as history plays out with Verizon. In 2006 Verizon spun off IDEARC to VZ shareholder. Less than a year later IDEARC was bankrupt and VZ shareholders with no value. Then VZ spun off FairPoint (similar to FTR but with northeast exposure only). Less than a year later FairPoint filed for Bankruptcy screwing VZ shareholders out of everything. In these deals it is better to buy VZ and dump their POS spinoffs. So sad but true.
Remember it is not the teens who spend the money. Older citizens are living longer and will spend longer than ever before. Also, are you thinking about children who age and where they turn for social media.
You really believe this fear and greed mentality concept? If I knew the answer to my question I would not have asked it. I own considerably more of KMP than BPL but I wish it had been different. KMP reads better, has a higher dividend yield and has a lower PE Yield. It also has a strong S&P buy versus a S&P hold on BPL. Yet BPL seems more fluid. My intention is to follow the lead on this board and lighten up on KMP prior to x div and see how that works. Currently shying away from dividend yields for social media, goog, and aapl