Look at Yahoo EPS estimates. Next 2 quarters are below year ago numbers. EPS this year 2.17 and 2.42 next year. Have to get more of this year's badness out of the way to pave the way for next year's return to positive numbers. Still watching.
Annual deficits will be about $200 billion higher for each 1% rates rise over the long term based on a soon to be $20 trillion of debt.
Will the politicians be around to apologize to our children and grandchildren?
Yeah, that Dollar menu is now the "Value" menu for most items. Wait until the change completely to 'cage free' eggs. MCD uses something like 21 billion eggs per year. Cage free producers can't handle that, at least right now.
Have now risen about 750 DOW points since Friday morning lows or approx 4.6%. Not sure how foolish investors really are. How can all the World's problems disappear over the weekend?
Maybe we will see 17,000. Even an 747 type airliner will continue forward for awhile if the engines are shut down in mid flight........before it starts falling.
Seems like the sucker game is on. Who is willing to buy at the highest price? Last Friday morning it was an extreme negative that the FED wouldn't have to raise rates because of poor economic conditions. Now it has become a positive somehow.
Have made trades today. Five sales and one buy.........a purchase of SPXS that shorts the S&P 500 X 3...
Kel.............a real skeptic
How could the Obama DOJ single out business executives for prosecution? They've almost totally ignored the blatant violations of numerous members of their very own Administration.
Phil and Ock........You are both of course correct about the lawyers. All these issues need addressing in spite of that. Many on this board were commenting on those very "unusual" activities as they were occurring.
With all that has happened at FSC / FSFR/ FSAM the last few years, it's not hard to see why so many BDCs are trading at huge discounts to NAV. Perhaps PSEC can be added to that group as well.
Might be OK as long as some situation doesn't arise to give investors cause to worry about credit quality. Always remember that BDC portfolio quality is lower than junk bonds.
Kel.......................holding only a little FSC in the BDC arena
KERX reminds me of AVNR. Same action now as sliding not long after approval as revenues were slow to develop in some opinions. I remember AVNR going down to something like $1.77 and went up almost 10 X from that point.
I did really well with STKL several years ago when sales were growing rapidly towards the $1 billion level.
Might be some similarity in holdings. Go to CEF Connect and enter the KYN symbol. When the page comes up, click on "ALL" on the left. Much info there including that KYN is almost 40% leveraged. Also trades at a 10% + discount to its Net asset value. Good website for any CEFs (closed end funds). Been using it for years.
Probably cost next to nothing to organize FSAM as an operating company. What do you need, perhaps an office and a revenue source. Already had the revenue source in FSC and FSFR. FSAm may have been capitalized (in non-public form) at almost $00, then sold to the public at a then bloated price.
Aug. 10 press release says "$7 mil of cash and $7 mil of CGIX stock. Makes me think that as the price of CGIX falls, the number of shares to be issued grows. Now almost 1 million shares, before was probably 700,000 about.
RGDX was operating with 35-40% gross margins, better than CGIX's at this point. Acquisition looks good if they can (as you said) absorb the overhead into CGIX's mngt base. Should be a cash flow positive acquisition if they can do that.
Kel......a CGIX holder....and former RGDX holder that exited last May
Discount rate goals are up in the 3.5 - 4% area. They missed their chance to raise several months ago when the economy was better. Now they've painted themselves into a corner with today's poor job numbers and the downward revision for August.
How are they ever going to get up into the 3-4% area when they are deathly afraid to raise even 25 basis points? Another govt. agency run by pointy headed intellectuals that is totally incompetent.
Just my opinion..........yours??....................Kel
Ran into a few other stocks in the last few days with the same "news" from that source. They figured out a way to get "clicks," that's all.
Stock is obviously (to me anyway) a bargain and in the process of bottoming. EPS estimates for next year are 49 cents (range .41 - .56).
Price targets range from $6.00 - $15.70, with 9 analysts issuing numbers. I'll be happy to sit on STKL for awhile to reap the benefits of the 2016 turn around.
Do they ever "farm out" some of a package to other, smaller BDCs? Some are so small they can't create their own portfolio holdings. Also may go to some privately owned funds. Thoughts?
Kel..........ps....I agree that FSAM is a joke.
Into some UGAZ @ 6.04. EIA weekly report in 1/2 hour. Natty under $2.50 right now. A substitute for goofing around with drilling stocks I guess.