Looks like Pa might be correct as the storyline looks like a market upturn next week on more Saudi cutting production rumors. It would be nice i it lasted until next Friday
GARS is a better quality BDC that regurally meets or exceeds earnings estimates and easily covers its current $1.40 annual Dividend. GARS tanked with the rest of the BDC and currently yields 13%. Average volume is just under 50k so not quite as liquid as PSEC and FSC. Next earning report is March 2 after market conformed. The Dividend should be announced with the earnings report or shortly after for a mid March ExDay . This is the only BDC I currently hold. Worth a look for those interested.
If the two upstream MLP survive you will do well but not as well as the common stock. The Preferred has the same downside as the common with limited upside.
I get emails from Jared Dillion and his bet is no rates increase in 2016. NRZ would benefit by a interest rate increase while Bond and Preffered funds would suffer. BDC seen to be ties to oil and will suffer until oil stabilizes .
Sounds like a Clown to Clown conversation. So you invested over $85k in a poorly run upstream MLP in a oil downturn and its someone else's fault? iR does not conduct these types of conversation you describe.
Friday Pre Market and oil up but many will take some off the table going into a three day weekend . I wonder if we bounced off bottom yesterday? ? Friday usually ends lower and Tuesday higher.
Correction: FSC dividend is expected to be stable for the next three months but the sell off going into the next earnings announcement will start in a few weeks, my guess is 7-8 weeks. I expect a pop long before then but you just don't know. Luckily you are comfortable holding FSC for awhile.
I only hold one asset with a spun off manager (NRF) and there will not be another. I think Northstar has caught on and will do something,not sure what.
WSJ , PSEC loan valuations coming under scrutiny. I wonder if the Discount covers the risk? I am sure there no real issue just a bunch of mean people saying mean things because there mean:)
Don't worry about me bidding the price up on you. My rule in this market is "Don't buy anything you don't wish to hold long term". With Yellen jabbering about negative interest rates it might take awhile for the market to calm.