Sorry about that. Like the SFL board, you have to put an OT in the header to write about SFL.
I don't like any bdc's lately. FSC reduced their fees a nominal amount, but didn't change other critical metrics, but 70 is more desireable than 230 as in psec's case.
I think River North bought into FSC recently. They help the shareholders quite a bit and I was hoping they would jump into psec.
Good Luck with this wacky market.
Mgt fees were $57 million for last qtr of 15 according to 10Q sec.gov/Archives/edgar/data/1287032/000128703216000417/psec10-qq22016.htm#sDFEEF1810960C299FA4BED2B01A32732
They do a lot better than the shareholders and with no risk. Mgt fees are 63% of what is paid in dividends. Seems excessive for the poor performance of the company.
In most cases the comments are more enlightening than the articles. Many years ago the yahoo message boards were the same way on some stocks. The monitored boards like investor village can also be good info sources.
SA articles are either a pump or a dump depending upon which hack is authoring the article. Seldom do they get to the heart of the matter. JMO after being a member for the last 5 yrs or so. I no longer bother with them.
MF has an article on it this am. Says it will not be the boon the market is showing this am. Still no mgt responsibility for cap losses.
The truth was impeding psec mgt's objectives to continue robbing the shareholders blind. Now the FSC board is used to comment on PSEC. I guess they will shut that one down too.
It appears that your are wrong. Where do you come up with this stuff? Clairvoyant?
CMG's problem should be easily resolved as the market sees it, hence it will recover its previous value which is several hundred dollars a share more than it is currently trading.
Have the banks stopped supporting the stock market, ie, stopped buying stocks? o's final year is looking very bad for everyone.
Jman: I started to look into the SEC reports but decided that it was not worth the time. Barry must have bought a lot of shares lately. Last time I looked he had around 4 mil. (from yahoo fin: BARRY JOHN F 5,580,786 Jun 11, 2015. He bought ~7 mil in Dec '15 nasdaqdotcom/symbol/psec/insider-trades) I don't really care that much how many shares they own as it was a recent ploy to bolster stock price that did not work due to overriding issues with how the company is managed. Their compensation is roughly 60% of the dividends paid per year(based on recent SEC docs. I asked the company rep how much mgt was paid and he refused to tell me as management is done by persons outside the company???).Their pay is excessive even if they did a good job. The BoD is mostly management and they do not care much for the shareholders but very much for themselves, which is not the purpose of such boards. The company appears to be dedicated to enriching a few at the expense of the many.
Their persistent efforts to sell sub nav priced shares is a good example of their bad practices. I spoke to a rep and after telling him NO on the share sale, he interpreted that as an approval. I had to tell him again, that no meant no. They are not worthy.
You cannot be serious. The disgust for this mgt was so overt, the yahoo message board was shut down. Now we have to use the FSC board.
Re the BoD: The electrician and the janitor on the board don't own any shares. Mgt owns less than 1% of shares. The only reason they buy shares is that they are paid way too much and the shares are way too cheap.
If they would straighten up, reduce fees and install performance metrics, the stock would appreciate significantly.
Let them send a thousand letters. I would still say no, until they lowered their fees and adopted mandatory pay for performance metrics.