Gee……. a company that consistently makes money. I guess Jeff Bozzo is not CEO.
I personally think demand is huge from iPhone owners. Considering there must be at least 400 Million iPhone 5,5C,5S, 6 & 6+ owners out there I believe there is a market for 40 million units in the first year. So my guess is that they have sold a million plus in the first 8 hours. Not too shabby.
I will be buying 2 for my wife & I when they are available in Thailand where we live. But that may be a while it appears. I'll just have to be satisfied with a new MacBook 12". LOL
I think it is the "big business way". Amazon does basically the same thing, you order 3 items and 2 are in stock and the third comes into the warehouse in 2 days. Rather than hold your two items they send them out and send out the third 2 days later. This is even after being asked to wait and ship everything together. You can look at it as they want to book the sale so as not to lose it, or that they are trying to give you the fastest service they can.
I don't see why it would matter if current PSEC shareholders buy into the spinoff or not. Management is receiving money for the new shares to offset the loss in NAV. So the NAV should remain constant plus or minus.
Any money coming in from existing shareholders would be no different than if it came from new shareholders IMO.
The difference from last year is the much lower oil prices which is huge factor in airline profits. I think airline will have a great 2015.
A reasonable argument. However you should really check your facts better rather than tossing numbers off the top of your head. 2.5 years ago PSEC was about $11.80 plus or minus depending on the day you pick. That is 28% drop to todays price not 50%. Then if you consider $3.25 in dividends received in that period you actually are most pretty near even. This does say that it was not a good investment over that period.......however it does not mean going forward it will be a bad investment at current entry levels.
All I can say is for the past 6 YEARS PSEC share price has bounced between $8 and $12 several times. Considering they just reduced to dividend to reflect the future income stream the 12% dividend seems pretty locked in for some time. In that stocks tend to fluctuate in cycles I think buying in the $8 - $8.50 range is a smart move. PSEC can be traded but it is a lot easier to add shares at $8-$9 and collect the dividends for a nice income. JMHO.
Yeah right ...... just like everyone said the iPad would be failure and that Apple was too late to the cell phone party. LOLOLOL Oh yeah ...... and Mac Sales would evaporate but the y have been climbing for several years while regular PC sales have declined. What planet do you live on?
Not too long ago SDRL was at $40, so if you like the company and think oil will continue to be the lifeblood of the world then buying at $10-12 should be a reasonable roll of the dice IMO. That is not to say SDRL will not go lower before going higher though.
Oil prices are reacting to media reporting, news from OPEC of reports of oversupply. I don't think you can rely on charts or cycles at this point. I think we are in for a wild ride.
To start with they are not pulling down 50% of the profits. But I do agree their fees should be based on overall company performance. If NAV declines so do their fees.
I can see both sides even if you cannot. PSEC is a good dividend stock, however I don't see the so called spinoffs as as a big plus. Anyone hoping the spinoffs will be a big win for stockholders in a fool.
Will the spinoffs really be good for shareholders? If the CLO investments that are spun off have appreciated a good deal since they were placed it would seem like the "two parts would be worth more that the whole". However the sum of the two parts still has the same risk as the current PSEC whole. If the CLO spinoffs are more risky investments the new spinoffs will have lesser value when alone & PSEC without the spun off CLOs will have more value due to less risk. I think it is a wash in regards to the total sum. I see no reason the value of anyone's current investment would be worth more or less than it is now. Isn't his is all coming about due to changes the SEC rulings asked for?
I do know that any spinoffs that will be done will be done in a manner that benefits management no matter what it does to the shareholders.
This does not mean I don't think PSEC is a good stock to own. I do hold shares for the dividend income but I don't expect the share price to go up very much it at all. But I am OK with that as long as share price does not go down in a big way.