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Microsoft Corporation Message Board

mario_luis_gomes 29 posts  |  Last Activity: Jun 29, 2015 12:32 PM Member since: Mar 7, 2006
  • Reply to

    Motley Fool Article On PSEC Stock Buyback

    by jimcooper28 Jun 29, 2015 9:32 AM
    mario_luis_gomes mario_luis_gomes Jun 29, 2015 12:32 PM Flag

    Looking back now, it was positive they sold stocks back then, for a much higher price there the stock is worth now.

    Sentiment: Strong Buy

  • Reply to

    wanna feel better about PSEC?...read this...

    by birdiejcp Jun 26, 2015 12:14 PM
    mario_luis_gomes mario_luis_gomes Jun 26, 2015 12:32 PM Flag

    Very encouraging to read that indeed.

    Sentiment: Strong Buy

  • mario_luis_gomes mario_luis_gomes Jun 24, 2015 4:19 PM Flag

    I have been watching GGB for a few years.. I finally got in the stock today for $2.45... What a bargain... The wait have been worth while... I am ready ti by more in if keeps falling.

    Sentiment: Strong Buy

  • mario_luis_gomes mario_luis_gomes Jun 11, 2015 11:54 AM Flag

    What you have to say now hum fool?

  • mario_luis_gomes by mario_luis_gomes Jun 10, 2015 1:30 PM Flag

    Mario,
    We do not take the time to respond to every article or gossip posted about PSEC. However, we are dismayed by the misleading and inaccurate information being posted by inexperienced, short seller or paid bloggers.
    PSEC prepares all of its accounting statements in accordance with US GAAP. Furthermore, PSEC employs third parties to independently value all of PSEC’s investments. These valuations are then reviewed and approved by PSEC’s independent board members. Unlike many of PSEC’s peers who rely solely on internal resources, we believe that we are going the extra mile to make sure our valuations are reliable by using well-known and objective third party valuation agents such as Lincoln International and Gifford Fong.

  • Reply to

    Email from Brian H. Oswald of PSEC

    by mario_luis_gomes Jun 10, 2015 11:51 AM
    mario_luis_gomes mario_luis_gomes Jun 10, 2015 1:28 PM Flag

    I have written to PSEC IR several times, and they respond every time.

  • mario_luis_gomes by mario_luis_gomes Jun 10, 2015 11:51 AM Flag

    Our strategy has been to get this article removed by Investopedia, which was accomplished yesterday. The facts in the article were not properly analyzed and his conclusions were not founded, requiring Investopedia to remove the article.

    Unfortunately, sites like Investopedia and Seeking Alpha have little to no editorial review and accordingly, the articles from these sources cannot be trusted.

    As you appear to be a close follower of PSEC, I’m sure you are aware of the yield compression that has occurred over the past two years (200 to 300 basis point reduction in loan rates) due to increased competition, This is the primary source of the decrease in returns to shareholders.

    Prospect management has taken significant steps to keep the income return at the levels that it currently is at. Those include finding new sources of debt, increasing leverage, and finding alternative investments that offer higher returns without increasing the risk in the portfolio.

    In addition, we are analyzing the potential effects of a stock buyback and plan to send the required notice to shareholders ASAP. The 40 Act requires that we notice shareholders before we buy back shares and the previous notice we had made expired in March.

    Once that notice is sent, we will be free to buy back shares. No final decision has been made regarding a share buyback. The issues to be reviewed with a stock buyback include leverage limits, S&P limits for leverage in maintaining the investment grade rating for our debt, and the alternative uses of the cash for investment, which may have better returns than the buyback.

    Sentiment: Strong Buy

  • mario_luis_gomes by mario_luis_gomes Jun 10, 2015 11:51 AM Flag

    Our strategy has been to get this article removed by Investopedia, which was accomplished yesterday. The facts in the article were not properly analyzed and his conclusions were not founded, requiring Investopedia to remove the article.

    Unfortunately, sites like Investopedia and Seeking Alpha have little to no editorial review and accordingly, the articles from these sources cannot be trusted.

    As you appear to be a close follower of PSEC, I’m sure you are aware of the yield compression that has occurred over the past two years (200 to 300 basis point reduction in loan rates) due to increased competition, This is the primary source of the decrease in returns to shareholders.

    Prospect management has taken significant steps to keep the income return at the levels that it currently is at. Those include finding new sources of debt, increasing leverage, and finding alternative investments that offer higher returns without increasing the risk in the portfolio.

    In addition, we are analyzing the potential effects of a stock buyback and plan to send the required notice to shareholders ASAP. The 40 Act requires that we notice shareholders before we buy back shares and the previous notice we had made expired in March.

    Once that notice is sent, we will be free to buy back shares. No final decision has been made regarding a share buyback. The issues to be reviewed with a stock buyback include leverage limits, S&P limits for leverage in maintaining the investment grade rating for our debt, and the alternative uses of the cash for investment, which may have better returns than the buyback.

  • Reply to

    Yahoo deletions

    by myersrx1 Jun 10, 2015 11:48 AM
    mario_luis_gomes mario_luis_gomes Jun 10, 2015 11:49 AM Flag

    Its true.. Its happening to me also... I am trying to post emails I got from IR and Yahoo is deleting them.

  • mario_luis_gomes by mario_luis_gomes Jun 10, 2015 11:40 AM Flag

    I got this email from "Brian H. Oswald" of PSEC investor relations:

    "Thank you for your support.

    Our strategy has been to get this article removed by Investopedia, which was accomplished yesterday. The facts in the article were not properly analyzed and his conclusions were not founded, requiring Investopedia to remove the article.

    Unfortunately, sites like Investopedia and Seeking Alpha have little to no editorial review and accordingly, the articles from these sources cannot be trusted.

    As you appear to be a close follower of PSEC, I’m sure you are aware of the yield compression that has occurred over the past two years (200 to 300 basis point reduction in loan rates) due to increased competition, This is the primary source of the decrease in returns to shareholders.

    Prospect management has taken significant steps to keep the income return at the levels that it currently is at. Those include finding new sources of debt, increasing leverage, and finding alternative investments that offer higher returns without increasing the risk in the portfolio.

    In addition, we are analyzing the potential effects of a stock buyback and plan to send the required notice to shareholders ASAP. The 40 Act requires that we notice shareholders before we buy back shares and the previous notice we had made expired in March.

    Once that notice is sent, we will be free to buy back shares. No final decision has been made regarding a share buyback. The issues to be reviewed with a stock buyback include leverage limits, S&P limits for leverage in maintaining the investment grade rating for our debt, and the alternative uses of the cash for investment, which may have better returns than the buyback."

    Sentiment: Strong Buy

  • Today was the bottom.... Almost 10 million shares traded... See you at $8.

    Sentiment: Strong Buy

  • Reply to

    SLOW MOTION CRASH.........

    by slicktop4 Jun 9, 2015 12:07 PM
    mario_luis_gomes mario_luis_gomes Jun 9, 2015 1:36 PM Flag

    volume will probably hit 10 million shares today... I think that is a pretty good signal.

  • 30% discount to NAV or 25% if you assume 5% uncertainty is a really good deal... Can you in your honest opinion imagine PSEC selling for $6.21, a 40% discount... That would be crazy! So, I´m pretty sure anyone buying here will not lose money.

  • Reply to

    SLOW MOTION CRASH.........

    by slicktop4 Jun 9, 2015 12:07 PM
    mario_luis_gomes mario_luis_gomes Jun 9, 2015 12:09 PM Flag

    Woosh down already happening now... Last weak hands selling now... Its up from here!

  • mario_luis_gomes mario_luis_gomes Jun 9, 2015 11:59 AM Flag

    Ok, so you guys battling back and forth about a 5% to 10% difference in NAV value than the stated one... Great for me... I love all this uncertainty... How would I otherwise be able to buy at such huge discount... Thanks again!

  • mario_luis_gomes mario_luis_gomes Jun 9, 2015 11:56 AM Flag

    IDIOT

  • Christmas is early this year... What a nice present to be able to purchase PSEC at 30% discount to book.

    Thanks!

  • mario_luis_gomes mario_luis_gomes May 12, 2015 6:41 PM Flag

    I thought that loss in value of assets would count as loss towards GAAP accounting... Problem with AFFO is it don't include depreciation of assets... All REITS have depreciation of their assets... For example, loosing 1 million on the value of owned buildings is a loss... It's not a cash loss but still a loss.

  • mario_luis_gomes mario_luis_gomes May 12, 2015 4:29 PM Flag

    The best is to pay dividend of recurring income, and not one time gains... Sure if their loans suddenly appreciated in value, yes it would have made GAAP income larger... But what you really want is dividend taken out of recurring income.

  • mario_luis_gomes mario_luis_gomes May 12, 2015 12:23 PM Flag

    PSEC already at 20% discount to book... It's a screaming buy already now... As long as RSO book value keeps falling, well, price of stock will also be setting new lows... By this time next year, RSO book value will be down another 30 cents.

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