Same here in Wisconsin. Later this coming week our highs will be about 15 degrees below normal. Low temps will be in the 10 -15 degree area. Snow storm hitting late Mon. - Tuesday. Here in Green Bay we're right on the line.....could get a few inches. If the line moves South a little we might get 10 inches.
Kel...........holding SFY and AREX
I've read numerous articles from Factoids about BDCs and MLPs. He's certainly knowledgeable in both areas. If there's an area where IMHO he goes too far, I think it's with his attempt to do long term growth rate forecasts. Too many things can happen along the way to throw a wrench in LT forecasts. His spreadsheets are excellent.
He did "get on me" once on a Investor Village board for comments I made about liking CEFs that hold MLPs. He thought I would do better picking individual MLPs (the CEFs issue 1099s, not K-1s). That encounter has caused me to keep a certain distance from him although I still read much of his work.
You're living the dream. Hand one of those Old Milwaukees to Terry. Let the BOD and the seagulls fight over the pizza......(:^)
Slick.....Somewhat agree. NAV down. NII still can't cover the div. If they do these spin offs, that'll be the perfect opportunity (and excuse) to cut the div. Everything will be murky for awhile on the accounting front (like ARCP?) so no one will know what's going on numbers wise.
How can everything be going "great" and have the NII shortfall and a falling NAV?
Kel.................just an observer at this time
CC at 5:30 AM on the West Coast. Will be lucky if RGDX mngt is even there. Maybe they'll pre-record it and just push the PLAY ( ) button.
Kel...........a thrilled holder
If they (PSEC) do spin offs, won't the share price (and options) be adjusted for the value of the spin offs? Spin off time would certainly be a good time for PSEC to cut their div and sort of mask the really poor recent NII results.
We had 2 K-Marts in Green Bay. Both closed. Green Bay Packers bought one for parking area, the other still empty after 5 years. Spin off vacant K-Mart properties or soon to be vacant Sears props??? No thanks.
Just listened to most of the call replay on SA. Sounds like anticipated cash flow for 2015 is in the $180-190 million area based on $80 oil and $4 natgas roughly. That would be a bout $4.00 - 4.50 per share in cash flow. Puts SFY still at less than 2 X cashflow, still a very cheap level.
Based on their statements of $240 - 260 mil capex and possible $60-70 mil shortfall. All very preliminary of course.