I have learned to always expect the worst from PSEC and FSC. I bet you wished you were not in it. Its weird PSEC gets a bounce while reporting a loss while covering A Dividend that's been cut. So people are buying it and can count on 25 cents worth of Dividends and another sell off going into the next earnings report. Best of luck.
News blurb: Janet was said to indicate that future interest rate hikes will depend on if the turmoil persists . I have little idea what she means since IMO most of the Turmoil is generated by the Fed.
General, Please explained how to use Due Dilengence to tell if a BDC will do on a earnings announcement? Many who have lost there as on this stuff would like to know ,self included.
Why not invest in a better managed and capitalized midstream like EPD and MMP. They easily earn there Dividend and invest income back into there operation and borrow less. I do own both EPD and MMP because they are different and don't compete with each other and I think they are the best available. I,m no expert it's just my opinion.
Slick is a good and careful trader and has offered good trading ideas. But everyone should ignore anyone they choose.
So PSEC has mentioned the words "future special Dividend" . Sounds like you need to double down for the long haul. With the managements reputation ,its money in the bank, this will be HUGE !!
Now we need to start talking about a Special Dividend or increase. I wonder how they squeezed that out? I will stil pass on the junker BDC.