Jim, This is not about PSEC, many other BDC did much worse. I tried to read your whole post but fell sleepy in the second sentence. Your posts are soo boring and redundant .
I don't pay attention to anyone's stock picks. I do consider others recomendation but with a grain of salt. My best long term holds have been SPY and VTI. Everyone knows SPY but VTI is the Total U.S. Stock market and has outperformed SPY this year. Also looking at VT which is the total world stocks including small caps. VT is the only world ETF to include small caps. I,m moving to ETF because I,m not a good stock picker and I acknowledge it.
There is a near equal Cap ETF called XOP with a basket of about 84 securities but with a lower yield and a higher expense ratio. XLE is heavy Majors. With XLE having weekly Options I might write a Call on a portion and Also write a Put, both out of the money in a conservative way.
I took a loss on CHK and RDSB and added to midstream and cash.
Faulk, People who are self-confident with a proven track record have little need to praise themselves and put others down. Ananymous message boards often bring out the worst in the small person.
I,m seriously considering moving my 10 oil stocks into a XLE position. The expense would be higher and the yield would be less. The XLE investment is more diverse but the real reason is the increase efficiency of trading Options around two large position compared to 10 small position. I have bunch of free trades through the end of July so might make the move next week.
Spiro a fitting title for your post history could be borrowed from a book written by J.Edger Hoover " Masters of Deceit ". Trollish personalities on a MB are a dime a dozen . The market will reflect value and performance over time , not message board BS.
Preston that was a ignorant condescending post. Everyone has jumped in on top at some point and had to learn there lesson.
I like Zacks morning email , it's free and touches on any issues that are expected to influence the market that day. They are long term bullish with short term caushion until something happens to change course. I look forward to there Monday email about last week.
I get a free email from Zacks each morning with there opinion of the market day ahead. I find it a good read while Cramer is a obnoxious clown that offer nothing.
I,m not sure there will be any spin offs. Two reliable posters on another MB think the management might take PSEC private if the price drops low enough. I will sell mine for BV but the offer would probably be the average price over a certain length of time. There thought was if earnings are 25 cents + on August 17 Earnings and PPS in the dumps, it's time to buy. That was there opinion .
I thought everyone expected a interest rate rise. This might be a major correction, last week was unusual for me to have 5 losing days in a row. If next week is down I will increase my cash position. I do think BDC (PSEC included) will do well as long as the economy stays positive. I have a few shares and will only add sub $7.
It's all in your way of looking at it I guess. The price has dropped in half in the last 11 years and the Dividend has been cut more than once. I figured it out ! The management fees have grown over the years and will grow higher .
How can they get rid of FSAM? If you merge all the entities into one ,with FSAM being a C Corp and the others being BDC what you you end up with? Management knows they have a problem ,it is there best interest to correct it.
If someone paid $40 for a share of a good stock that is now worth $37 so what? Selling a good income stock at its fair value makes little sense
It's unusual not to have a big up day in a big down week. A second down week might signal a real Correction or Slicks "Big One". I thought FSC and PSEC held up well compared to the heard. I do think BDC are a compelling buy if our economy keeps improving. Commercial construction is recovering in the Charlotte area in the last few months after being dormant since 2008.
I started GILD small near close and will add if it drops Monday. Tuesday's earnings will set its near term trajectory .
In this business nothing stays the same or behaves as you expect it to. I did sell some oil oil at a loss the last two days but added To EPD,MMP and KMI. For the record I have no idea what next week or next month holds let alone years down the road. But the patient man usually beats the impatient man.