Price decline is certainly a big concern. Fortunately for me, my cost basis of 7.68 isn't as ghastly as most holders with basis of $8 - 10 or more. Will probably swear off BDCs (but not this board of course) once I exit PSEC. It's my only BDC now and I've lessened my trading in them as time has progressed.
Liquidate 10% of the portfolio. Announce a several $100 million buyback at ANY prices below NAV. And not an "up to" $$ amount, but a real buyback with some teeth to slaughter the shorts here.
J-man.........noticed yesterday. The $1.99 pizzas at ALDI have gone up to $2.29. About a 15% increase in one shot. I buy them once in awhile.
Bought some CVX @ 100.28 in my regular account (mostly buy and hold). First time ever for CVX.....been watching for several weeks.
Chevron needs more land based US assets. They are strong in Natgas, much expertise there. Plenty of cash on hand and strong cash flow. Great fit!
Noticed this past week that M&Ms in the 6 pack size (about $1.00 ~ in many stores) has been radically downsized. Old package was 3.18 oz.....new package is 2.80 oz.......a reduction in size of 11.9%. Now that's inflation in price, but I guess deflation in quantity.
Strange how what the FED won't do (raise rates).........the market will do on its own. The 10 year Treasury rate (symbol ^tnx) has gone from a 52 week low of 1.65% up to 2.44%. Closed Friday @ 2.40%.
Will be all the more painful when the FED has to play catch up and chase the rate as it rises. Typical government incompetence.
Just my opinion.............Kel
Yes, I was very negative on PSEC when it was up near its highs. Used to post on their board once in awhile just to stir up the so called "Kool aid" drinkers. Not the type of thing I'd normally do, but just couldn't resist at the time.
I got my comeuppance from oil stocks.
No shorts in place, but am about 50% in cash. Two largest positions are PSEC and CHK. Both beat up pretty badly of late.
I see that FPL lists KMI as 9.23% of their mix as of 4-30-15. Wonder if some CEFs / ETFs still have to make adjustments to KMI position as some of them held various Kinder entities under different industry groupings. Now all rolled into one KMI position which might be too much of the mix.
You'd think this was all worked out by now, but some of these CEFs / ETFs might take a long time to do all the adjusting.
Kel...................holding FPL and FEI (sibling of FPL)