raymond james exhibiting a hint of logic. a year ago LNCO was a $37 stock (with price targets well over $40) before anyone even knew the BRY deal was coming. LNCO could go north of $40 in 2014
that's my theory and i'm sticking to it. there's really no reason for FSC to be this stinking low $9.0 (or lower). when one considers how many of us are stuck with shares well above $10.50, it's a text book example for year end tax write offs on capital losses. there's no reason for this thing to sell below NAV. of course what i think means precious little.
TCPC is following in almost lock-step with ARCC with offerings. they both had an spo on 9/26/13. then ARCC had another on 12/10/13.... and now TCPC on 12/13/13. it's annoying, but part of the business.
it's to be expected high dividend payers underperform the market. meanwhile, RAS has crushed the broader market the last few months.
you bought ARCC at the worst possible time.... but you've still made way more in dividends than you've lost in market value.
if you bought $10K worth of ARCC at $20.45 in 2007, you've made roughly $5200 in dividends, while the market value is only down $1400. you've made money, not lost it.
nav is up 18 cents year over year. up 5 cents over previous quarter. conference call 10am eastern time tuesday....... should be positive.
i'm extremely interested in seeing what happens to the share price after the ex-date. will the large drop carved-out from the special dividend be viewed as a buying opportunity, or will it have no bearing on performance? or will the announcement of the huge special div cause a spike in the share price ahead of the ex-date?
this is a remarkably dysfunctional group here in RAS-yahoo land, with years-old battles and bickering of which i know precious little. the stock itself is pretty interesting... almost compelling. but the civil war within the forum, with its mega alt-user accounts and general nonsense are a bummer.
KBW is one of the big boys. their opinion carries weight. on a positive note (i use that term loosely), UBS came into today with a $10.50 target price for FSC, down from $11.50....... they reiterate a "buy" rating. still way better than the ugly-ugly target from KBW.
i think most of us dingalings here know about PSEC. there are a bunch of good BDCs that are presumably less risky than PSEC. i agree with you, none of the BDCs are a bargain right now. i'm long FSC, PSEC, TCPC, NMFC, ARCC, PFLT.
good point. in fact, it gets stranger than that. last week wunderlich downgraded TCPC from buy to hold, but upgraded the target price from $17.50 to $18.00