Ted, I agree getting the "other half to just shut up" is worth taking a loss. I sold something on the bottom once just to get some sleep. The best idea is to talk only when asked and then only say " everything is fine".
I do hope my printer is sensitive enough to copy the article on toilet tissue . I doubt anything is discussed that's not in a Public filing. If something new please let us know if you actually read it.
Kel,I think we should file a complaint with Yahoo on the security of there message "rating system ". Early this morning I swear your above post had 11 thumbs down now at 7:20 EST you have only 10. What happened to your other downward thumb inquireing minds want to know. Russian hackers ? Jealous trolls ?
Excuse me but CF had 7 buys and 10 holds for a total of 17. The 7 buys are Slrc,Gars,Tcpc,Ainv,Bkcc,Glad and Sar.
The 10 holds include Psec and Fsc.
Greece voted no but the wording was do ambitious that no one was quite sure what a yes or no vote actually meant anyway. The market will probably go lower tomorrow little real reason , with a yes vote it might have gone up for little real reason. The people of Greece lose and investors with cash will win in the long run. glad I did not buy the up market Friday.
Do as he does,not as he says. I would feel much more secure with a small FSC investment rather than the same in FSAM. I have about 130 free trades that expire the end of July. I might consider 20% of portfolio divided equally over 30 different BDC . Currently only hold some CPTA. The sector will rotate off bottom sooner or later.
CF initiates coverage of 17 BDC, 7 buys and 10 holds:
Buy: SLRC,GARS, TCPC, AINV ,BKCC, GLAD and SAR.
Hold: ACAS,ARCC, FSC, FSIC,FULL,GBSD,GBDC,KCAP,PNNT and PSEC..
It might be near time for BDC to take there turn in sector rotation. Look forward to CF explain the Effect of the PSEC RO spin offs. Have thought about FSZ and PNNT at current prices. Did notice CPTA not included.
Putting FSAM on a strict diet and letting more flow to FSC investors will start to right the ship. The good ship FSC is presently lisping and going in circles trying to stay afloat.
IMO when a BDC buys back there own shares they are saying they do not have business prospects and are liquidating a portion of the company assets. I think the biggest negative with PSEC is the Rights offering spin offs, when investors don't understand what's going on they "vote with there feet". Time will tell on this but it may well be a good yield buy at current price levels. Another of my old favorites PSEC is in much the same boat, currently avoiding both.
Careful rocky, Sierra is threatening to call you names:) I don't usually respond to troll posts but that was too humorous.
Inhirst, I looked at XLU on a 5 and 10 year chart compared to the S&P500. I see XLU dropping from the first of the year perhaps on interest rate fear. I don't see anything to make me wish to buy at this time. I could see shorting XLU on a "bad" Fed announcement. I respect your opinion , what do your see?
I was talking to a neighbor who is a young Asian female. She told me she was from China and her parents wanted all there children to live in the U.S. and become citizens. I was surprised that a solid middle class family living near Hong Kong would desire for there children to leave China. The United States is stil the destination for smart enterprising people throughout the world who wish to seek economic prosperity. And it seems a large percentage of those who have been here for generations only desire a Government handout.
Barron's this week "Time To Buy Utilities". At the sign of a rate increase "old utility hands" will move out to buy back in December. When last in Utilities in Dec 2013 I bought near bottom but sold too early. The level of sector rise and long term zero interest rates surprised me.
IMO a BDC/REIT that buys back its own shares is saying they have no business and are liquidating a portion of Capital. But a buyback is better than sitting on Capital with no prospects.