I am glad you finally admitted this! Pay your bills a little at a time and then maybe you will get out of debt, my good friend!
You arrived right on time and got the pizza toppings correct. I was slightly surprised to see that you were riding a girl's bike, but understand your financial constraints at the present time.
I did notice you were wearing a LBGT t-shirt. More power to you girlfriend!
If so, I would like a thin crust pizza with green pepper, mushrooms and black olives.
Here is the tip for the delivery driver (Donk): Don't short Zero at $18.
Yes, the Death Spiral started when the stock was at $18. Plus, look at all the dividends paid since that time.
Donk, can I get a thin crust pizza this evening with green peppers, mushrooms and black olives?
Wow, this is about the 1,000th Death Spiral for the company. I remember the first one at $18.
Why do you put an apostrophe after BDC "s" ?
Do you eat apple's? LOL
Perhaps you should consider an ESL class when you find the time.
Are you finacially illiterate? In what world is MCC rated AAA?
A simple read of their SEC filings shows their loans.
MCC yields about 11% and their senior bond MCV yields about 6.25%. A simple 50/50 combination of these produces a yield of about 8.5%. MCC is a BDC, but over 90% of their loans are Senior Secured.
A decent combination in a diversified portfolio. Plus, I am posting this in advance and not after the fact.
Paul, I actually own a few hundred shares of FSC and bought them recently. I think the company looks fine, in moderation. Buying a few BDCs now, but not too much of any one issue.
Thanks for the reply David. You are not down much and after the dividend, you are about even. I agree, it still looks good for the future. Plus, my plan of buying the bonds and common seems fairly conservative.
I have been looking at a number of BDCs and MCC seems to rise to the top, due to the quality of their loans. Over 90% are senior secured debt. I'm thinking of doing a combination of common stock and their 6.125% senior notes. It would yield about 8.5% with a 50/50 allocation.
I agree. The company is getting so big that they would need to take out another REIT or privately owned company to make much of a difference.
The sub prime mall stuff was funny for a day or two, but it's getting quite old now. Everyone knows the company does not own a single mall. And now he wants people to send him money.
Where is Donk tonight? I do have to wonder if he delivers pizza from Domino's on his bike.
Any comments are appreciated. Thanks.