Marpie has so few shares that selling them won't cover the commission!
Oh yeah, out of 18 stocks we own, those 2 (NYMT and KOG) are the only 2 trading up right this minute.
So is KOG. An oil driller. Loaded up on KOG. I've traded KOG for a couple years now and made alot of $$$ on buying low (Usually under $8.60) and selling high (Usually over $9.30 and once over $10.00). Bought it 4-3/4-4/and have a buy in now at $8.33.
SPAM-SPAM-SPAM. Nothing of value.
We can hope so. We have a 'boatload' of this stock at $6.67. Have to love the dividend.
Sentiment: Buy
Geez. Sorry I said anything. I didn't mean to start a war!
A thumbs down on an investment that gains 5.64% in 4 days?
Someone has his panties in a wad!!
If your only growth has to factor in dividends, then you don't invest for growth and dividends. I invest for both. I am willing to take a smaller divvie for a growth factor. Ny January investment in NRF is up 27+%. And it has a 9.72% divvie at my cost basis. I bought it twice in Jan. There are way too many better investments than PSEC. I just tried to point that out and now I'm a basher! I only came here to see why anyone would own and hold this stock. Just couldn't resist a few comments. I'm gone!
Try again. I said that you can compare PSEC to KCAP for any period up to 5 years and it has out performed PSEC. Do a Yahoo comparison and you'll be surprised. Do you know how to draw a chart and compare stocks. That's a basic you must master of your ever going to make money, other than dividends. Over a 5 year period PSEC is down 24% in stock price. KCAP is up over 4%. a difference of 28%. It gets worse for PSEC at 2 years, 1 year and even 6 months. Try it.
I sleep well. Own AGNC, DX, MCC, NCT, NRF, NYMT and they have done extremely well for us. And just the growth has been as high as 27% in less than 6 months with some of the above. mReit is the place to be till interest rates rise. The lowest divvie is 8.31% and the highest 16.0%. PSEC has NO GROWTH for the past 5 years. Are you holding and praying for a miracle?
Take a look at PSX. I sold COP on the spinoff, added $$ and invested in PSX at $34.00 a share. Only a $1.00 divvie then, now 1.25, not a great income producer but it's up well over 100%. Again ROI is so very important., and 110% in less than a year makes me happy.
If you only invest for dividends PSEC is for you. But you are limiting your ROI to the dividend since PSEC has not gone up in price in 5 years. Not any appreciable amount anyway.
Let me explain investing again. If 1 year ago, on 3-27 you had bought 100 shares EACH of PSEC and KCAP you would have spent KCAP = $703.00 and received 112.00 in divvies. PSEC you would have spent 1108.00 and received $132.00 in divvies. Today KCAP is worth 1089.00 = 112.00 in divvies = 1201.00. A GAIN of $498.00. PSEC is worth 1094.00 + 132.00 = 1226.00 a GAIN of $118.00. I'll take the $498.00 and a lower dividend over PSEC's past 5 year performance anyday. That's called investing, and RETURN ON INVESTMENTS. PSEC is for those that are happy with a 10% gain in a years time. I'm NOT.
Then why is the stock worth less today than it was 5 years ago??????? 2 years ago????? 1 year ago????? Why is PSEC falling in stock price?
Which is why you should own REIT's and BDC's in a non taxable account, such as an IRA. And MLP's in investment (taxable) accounts.
Correct, and like REIT's the dividends are taxed as ordinary income.
Bought this in 2011. Sold 3200 shares at a nice profit and then bought 1k shares at $9.47 on 12-27-12 with some spare money. Probably just camp on it for a year or 2. Trading was very profitable in 2011 and 2012 but with over 500 trades in 2012, I'm ready for a break. I'm happy with the 18 stocks we own now. The increase in our net worth has been great the past couple years. Time to relax. we have more now than we'll ever spend. We have no bills, no debt and enough guaranteed income that we shouldn't worry at all.
ROFLMAO!!!!
I estimate it to be 4-26 or 4-29.
Sold at $7.51 on 3-21?? Missed the dividend capture? Not the smoothest move I've heard of. Now trading at $7.54/7.53 AFTER the ex-dividend date.
SPAM-SPAM-SPAM
My entry was $10.54 on Monday of this week. i urged a friend to buy in last week. He went to Spain and didn't buy. Earlier this year I turned him on to NRF and KKD. Those he did buy.