We have been getting one the last two years, but since they cut the dividend I am not sure what is going on these days. My feeling is yes. Hopefully, they cut the divvy too much and will need a special distribution to meet the 90% rule.
I haven't ever seen them incur this kind of a loss so I would like to hear some kind of an explanation other than it's an investment loss. Which bonds went bad? How much of it was due to purchasing US treasuries? etc.
When will the shorts cover? The US dollar is failing to the tune of $80 billion plus a month (thank you Bernanke and Congress) and the shorts think silver is going down? What happens when the world goes back to PMs? I think the price of them goes up.....BIG.
Profits up 13% over last year when everyone expected a lower number. Should be UP a couple bucks on MONDAY. Cover now you short.
Sentiment: Strong Buy
infinity and beyond as Buzz Lightyear would say. Ben "Buzz" Bernanke. BBB just like the rating the US government is going to have before long.
Huh? What I would like to know is how are they going to spend/invest the $90 million they got from selling off shareholders assets? Probably to be used by management to invest at the Macau casinos. Chinese companies have no accountability.....it's sickening.
This stock would be well over $5 a share (maybe 10) if it were being run for the benefit of shareholders instead of company management.
In today's economy with all the bad news is the perfect reason to own precious metals. I think you have it backwards.
If Israel provokes Iran? Really? Iran has repeatedly threatened Israel and are close to having a nuclear bombs that would make that threat very real. If Israel were to bomb their nukes sites I would think that any unbiased opinion would consider it an act of self defense. Iran has been provoking Israel for decades.
The TYPICAL divy is $.10 a month, but there was a special payout of $.32 for the month of December. The fund added the additional divy to maintain its requirement to payout a minimum of 90%. I too have owned this for over 15 years and its been my most onsistent preformer.
It seems that the sale of assets recently has spiked interest. I am a bit surprised that there isn't more activity given that is has more than quadrapled in the last few weeks. That kind of movement pulls in a lot of the momentum crowd. I suppose it's just too thinly traded to warrant any significant interest.
The real key to our salvation is the willingness of the PIIGS nations to take their "medicine". France and Germany are willing to bail them out provided they abide to their agreements on spending. The grasshopper nations of the world are FINALLY beginning to learn the consequences of spending money they don't have.
Unfortunately government UNIONS in these countries will initiate protests/riots which exasperate the problem. If unions were realistic and patriotic they would be offering cutback to insure the good of all versus their few.
While I concur with your top three list, I can only say that freedom and liberty are priceless. I am sure a "winner" like yourself would have let the terrorist off as it wasn't cost effective to pursue.
Be thankful that Americans have always taken the lead against injustice and oppression. Yes, eventually we will fall (unless our politicians start doing what's right for the republic and not themselves), but what will you do then. Fold up like a cheap umbrella no doubt.
If it hadn't been for the US, you would have been talking Japanese or German right now. No doubt if everyone were to take your position at this point they will be talking Chinese soon, if they are talking at all.
Some things are worth fighting for and even dying for. And while I agree the US has not been cost effective in its military spending or for that matter most any spending, it's still the best defense you have to sustained the current living and freedoms you presently enjoy.
Kick the workhorse (as it apparently makes you feel better), but imagine how well you will do it's work once it is gone. "how naive and gullible,, so NOT american", sigh.
PSEC stated "our net investment income was $94.2 million, an increase of 40.2% from the prior year" is one hell of a comeback. I take this as positive, but since it wasn't what some analysts were guessing that means its bad??
Jadelover, we understand that you are either short or hoping to get back in at a lower price. However, we both know that the AH decline was due to the dividend being paid out. $.10 paid causes the price to drop by $.10.
The company hit their projected earnings, it just wasn't what SOME analysts were guessing.
It will be interesting to see how much it continues to rise again tomorrow. Still not too late to get back in BTW.
I too am visiting family in the St. Louis area. Shaw's garden was great as usual and would highly recommend it if you haven't already gone. Now I just need to get some good Cardinal tickets.
I was thinking about buying more at these levels vs. just a hold. Is your hold based upon fear of it potentially dropping further or the lack of "dry powder"?