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Linn Co, LLC Message Board

malagasysloth 34 posts  |  Last Activity: May 21, 2015 10:19 PM Member since: Jul 27, 2012
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  • Reply to

    Ares GE Capital relationship

    by zamb_shearwater Apr 10, 2015 10:44 AM
    malagasysloth malagasysloth Apr 10, 2015 1:43 PM Flag

    she said she was limited on "material comments" based on SEC regs. she said they might consider a press release if investor response was large. but she was emphatic on the non impact to ARCC.

  • Reply to

    Ares GE Capital relationship

    by zamb_shearwater Apr 10, 2015 10:44 AM
    malagasysloth malagasysloth Apr 10, 2015 11:36 AM Flag

    zamb... i called investor relations and talked directly to the VP of investor relations, Damayra Cacho. she said, "there will be no impact whatsoever." and as you noted, she emphasized the strong relationship with both parties. i was surprised i got past the secretary. that's usually a brick wall in most companies. kudos to ARCC.

  • Reply to

    Any news ...

    by stan1736 Apr 7, 2015 3:59 PM
    malagasysloth malagasysloth Apr 9, 2015 11:44 PM Flag

    pretty much all eREITS were down big today presumably because of a spike in treasury yields. but STAG was slaughtered. curiously, STAG traded at normal volumes. i have never seen a stock go down 4.5% in one day on average volume. very weird.

  • Reply to

    ARCC goes down every day....whats up with that?

    by rbgambler99 Mar 18, 2015 11:45 AM
    malagasysloth malagasysloth Apr 8, 2015 4:32 PM Flag

    wizardofog.. to be clear, i am a fan and share holder of ARCC. i'd just prefer to buy it closer to nav. i'd be a buyer anywhere from $16.90 down. realistically, you're not going to get great capital appreciation (hence my caution buying well above nav), but you will get solid, steady income. pullbacks in the market are extra harsh on BDCs, so a good entry point is waiting out there somewhere. i dont think they will be raising their dividend in any significant manner anytime soon. quarters are lumpy by nature, and their history is to pay special dividends when the money is available... which is fine by me.

  • Reply to

    New High!!!!!

    by larry70 Apr 8, 2015 1:19 PM
    malagasysloth malagasysloth Apr 8, 2015 2:30 PM Flag

    Goldman Sachs gives ETE $86 price target
    Goldman Sachs initiated coverage on Energy Transfer Equity, L.P. (NYSE: ETE) with a Conviction Buy rating and a price target of $86.00

  • Reply to

    ARCC goes down every day....whats up with that?

    by rbgambler99 Mar 18, 2015 11:45 AM
    malagasysloth malagasysloth Apr 8, 2015 1:21 PM Flag

    ARCC is trading well above its NAV. many BDCs aren't. owning ARCC at $17.50 is no bargain.

  • Goldman Sachs initiated coverage on Energy Transfer Equity, L.P. (NYSE: ETE) with a Conviction Buy rating and a price target of $86.00

  • Reply to

    Just SEC closing the books

    by heilcoil Apr 5, 2015 7:28 AM
    malagasysloth malagasysloth Apr 6, 2015 10:37 AM Flag

    ht0629, you're absolutely right. most of the analyst coverage of the market is very mediocre and frequently bad. even the select few analysts that have good track records and a good understanding of the company they cover, often fail to predict 12 month price performance.

  • Reply to

    Any thoughts...

    by blauberry Mar 4, 2015 5:50 PM
    malagasysloth malagasysloth Mar 26, 2015 8:39 AM Flag

    where did you get "20% of assets" in energy? on their website they state, "7% energy and utilities," and "7% oil and gas."

  • Reply to

    No dvidend announcement yeet?

    by allenstanson Mar 16, 2015 5:00 PM
    malagasysloth malagasysloth Mar 20, 2015 1:53 AM Flag

    that actually represents a very, very, very slight increase in the dividend.... to .2910 cents per quarter.

  • Reply to

    No dvidend announcement yeet?

    by allenstanson Mar 16, 2015 5:00 PM
    malagasysloth malagasysloth Mar 17, 2015 4:19 PM Flag

    ACSF is so thinly traded i wouldn't read anything into a 1 day move in share price. their NII was 31 cents per share last quarter. i think the dividend will remain at 29 cents this quarter.

  • Reply to

    Buy and Hold

    by dgaines80 Mar 5, 2015 1:19 PM
    malagasysloth malagasysloth Mar 15, 2015 11:51 PM Flag

    dgaines80... management says they covered their dividend for the fiscal year, but that's because their 3rd quarter NII was 42 cents, but they waived intensive fees (to their credit) that quarter, otherwise they wouldn't have covered the dividend that quarter. meanwhile, the other 3 quarters of 2014 they failed to cover the dividend. they were paying out 34 cents per share, while earning 31 cents per share.
    the general issue i would have with SCM is that they are small (32 portfolio companies), they're young, and they're not covering their dividend on anything resembling a regular basis. having said that, it is cheap... selling well below NAV.

  • Reply to

    Buy and Hold

    by dgaines80 Mar 5, 2015 1:19 PM
    malagasysloth malagasysloth Mar 11, 2015 2:37 PM Flag

    SCM continues to fail to cover their dividend. they're also quite small. i see no reason to buy SCM at this point, compared to a select group of performing BDCs.

  • Reply to

    Buy and Hold

    by dgaines80 Mar 5, 2015 1:19 PM
    malagasysloth malagasysloth Mar 9, 2015 11:08 AM Flag

    snuau comments were good, but i disagree with the "relatively low risk," comment. the problem so-called "smart money" has with BDCs is that you really have no knowledge of the finances of underlying companies the BDCs are lending to. One thing you do know is regular banks won't lend to the companies the BDCs are lending to. so by nature, BDCs are lending to companies at higher risk of default. NMFC has been very stable, though they stumbled last quarter and their NAV took a hit. this might mean the price right now is elevated because of the pending ex-date, and it might start trading at a sustained lower price range after the ex-date due to the lower NAV.
    the other thing about BDCs is that you simply dont get much capital appreciation (it's all being paid out in the dividend), and you're at a much higher risk of a sell off in a down market compared to a large cap stock. it's critical that you keep BDCs as a small % of your portfolio, and be very picky which BDC you buy. NMFC has had a good history, but personally i'd wait until it dropped to roughly NAV before buying.

LNCO
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