Hey STUPID, maybe he's correct. This stock is rated a 'buy' by everyone and continues to fall. What's wrong with that scenario? Had the same thing with KCAP for a long time. Lost $5,000.00.
I have no bullets because I have no PSEC (Never did) and sold all KCAP. Now have zero BDC's. looks like an excellent decision right now. In my old age I guess I've become more mellow. My 'Big 3' now are EPD, AAPL and CBRL. Down to only 16 stocks and a boatload of cash.
Gave up and sold every share we owned. My philosophy is, "If you're not making money in it, get out and get into something you can make money in." Have my doubts that there's a lot of those out there for the next year.
Arf, arf, woof, woof, woof!! Should have sold this dog when I was down 10%. That's more than I usually allow a stock to drop without dumping it. At $6.00 it will return 14%. But at $6.00 my loss is horrific! Worst investment I've made in 15 years.
No problem here. All is in the wife's IRA. But if I decide to dump it the loss would not offset the gains in the investment account (taxable).
#$%$. How'd $15.00 sneak in there? Should have been $7.50. My mind doubled it for some strange reason.
They cut the dividend die to not having enough earnings or cash on hand to pay .25. They barely can cover the .21. And income will not allow even that to continue for very long. .78 in earnings. .84 in dividends = more cuts to follow. Pray for a miracle. This is the worst performing stock we own. We won't see $15.00 a share in 2015.
Where are the ones that said i didn't know anything when I told you they didn't have enough cash on hand to pay the .25 dividend and that distributable earnings were .75. Off by .03 on that. This stiock is trying it's best to be worse than PSEC, which I have never found a reason to own.
Wait. You're gonna have the opportunity to buy in the 13's very shortly.