I always read that 'dividend cut is already figured in' but when the announcement comes I would expect to see price still go lower.
Don't even give this guy credit for being a shorter. He is just an idiot who only posts ridiculous, negative, nonsense comments. Most just ignore or laugh at him. Don't try to get any rational answers from him . You will see that he has none.
OK. The one last question for this year. Will the dividend be increased? This has been one of the few years without a 'real' increase. Management said they will be addressing this at end of year which is now. OK so any comments?
It is hopeless. All you can do is put him on ignore. every few months he gets kicked off, but just comes back with a new id. Sometimes he is gone for a week or more (once for a whole month) when he goes for shock therapy. It is like those who suffer from canker sores. The virus is in your body and you never get rid of it. Now and then the sores pop up and you do the best you can. So he has infected this board and will never go away. He has infected the 'O;' board for about 5 years with the same repetitive nonsense posts. It is best not to engage him in discussion.
You know thanks to me the Donk has a whole new life. Before 99% of his nonsense posts were here, with an occasional post at NNN. But lets face it, not much to say. Other than massive insider sales and last year Why was CEO forced to resign? But now when I mention a new company he follows me to other boards and his latest is ARCP. Let's face it there are legitimate concerns over there and there are rational posters there with legitimate questions. So he COULD have joined that discussion. But that is not his style so it only took a few posts and now they see he is just an idiot troll.
yes I am sorry. I mentioned this stock over there and he has the habit of then bashing whatever I talk about. He never even heard of this stock before last week. He is an idiot
we often use this board to discuss investment ideas. While you just post your idiotic drivel about dividend cuts and bankruptcy. I'll stick my neck out and ask is this a real question that you would like to discuss in a rational way? Or just an opening for more nonsense? So let us know if you want to move into the rational world and perhaps we can discuss this realistic topic.
I don't want to sound like the Donk, but I put in a limit order of 20.75 this AM then had to leave. When I returned I saw the price range and figured I missed out. But it got filled at 22.55 the low of the day.
empty-- a number of BDCs that I own have not done great this year (PNNT, AINV, TCAP)are closer to 52 week lows than highs
full- I added to my positions on price dips.
empty-dividends not moving up much or at all
full- I am happy to get that high return.
empty- TCAP took a beating yesterday
full- I doubled up and my order was filled at 22.60.
The BDC reported its earnings and announced that 2 of its 90 holdings went non accrual last quarter. Price sunk about 11% and is near 52 week low. Said that dividend for 4th quarter and first 2 quarters of 2015 will remain the same. If conditions improve, then they may be able to resume increases. At current price the yield is about 10%. I added some more to my position.
So then it looks like good buy now. If 2% of their holdings didn't work out and the stock dropped by 11%