Glad he is gone. He may guess right but eventually he will guess wrong and bust. The most dangerous investor in the world is one who has only lived through a bull market as an adult and made 2 correct calls.
I keep repeating "don't listen to Pacman". He is a young impulsive inexperienced investor that places far to much stock in his own opinion. The most dangerous investor in the world is a neophyte that makes 2 correct trades in a row and figures he now has all the answers. Pacman is all of this as well as extremely immature. You will do best to read him only for comic relief. GLTA!
Almost all reits base their dividend on AFFO and not net or gaap income. BDCs do the same. There is nothing sinister or predictive about it. The original dividend/share price was a much lower yield. With a rising price the yield will go down again. They are projecting 2.55 for affo this year. I just think a lot of spinoff holders are selling.
They were correct. It's been a big mover. I'll continue to hold. There are a lot of shareholders who own the stock without conviction. It will look better by year end.
A dividend does not become unsustainable because of its yield. As long as there is affo. The yield is a function of the dividend amount divided by the pps.
Before anyone finishes the second paragraph of the first posting it will be obvious if the Pacman has taken on a new identity. This is because he can't help himself. He is the messiah, the prophet and the second coming all rolled into one. His problem is he just can't wait for you to figure it out for yourself and he has to kind of tell you. So we will know immediately when the empty suit returns.
He will keep coming back until he no longer is able too for whatever reason. Egomaniacal individuals with the added baggage of believing they are a messiah always do. He has been a loudmouth on message boards for about a year since I picked up on him. He is shamelessly trying to build his book but is a transparent empty suit. I hope he stays gone and doesn't hurt himself one day because his day is coming.
Paceman is a young seemingly intelligent but dumb kid. His problem is that he already believes he knows it all. A couple of lucky breaks in a raging bull market can do that to someone with a messiah complex. I'll be honest, I don't care for Pacman. He is arrogant, untested, overly confident and severely lacking in many important intrinsic areas. I do pity him however. He will interpret every success no matter how small as a vindication of his mastery of the market. He will deny failures as he is doing with the PSEC liable and slanderous comments. He actually believes his own BS and that is what is scary. One day he will get caught overstepping and get caught. He will lose it all and who knows how he will deal with it. The sad thing is he can read these warnings and he will. But he won't take them to heart. Rather, he will scoff, laugh , and believe we are stupid and he is so much smarter. For this I pity him. The longer he goes on the worse it will be until one day we read some terrible news about the Pacman. But for the record I don't like the guy. A crash and burn waiting to happen.
I sold some. Price will stay weak for a while and I think the dividend may be reduced by .20 per year but that is still an excellent yield on the current price. I think we mast be getting near a bottom on some of these stocks. If you cut the dividends a bit the NII covers with a 10% cushion. All of a sudden they look like cash machines. Just have to get there from here.
He can't move on Bonzo. He has a huge messiah complex. He doesn't work for anyone, just himself, big surprise. He does better than professional analysts, another big surprise. Oh, and he was completely correct about PSEC. The guy is a delusional egomaniac who is never wrong. However, when markets are like they are people seek certainty and as a consequence this clown is dangerous. I wonder if anyone sold Psec today because of his erroneous claims yesterday? Of course if they did it's not his fault, he was right etc. clown, fool, ego maniac and an overall dangerous goof with a messiah complex
This clown does not trade by the day he trades by the second. He can post information that a company is fatally flawed, is acting fraudulent and will be in violation and have to suspend dividends on Monday and then on Tuesday tell you he hopes you bought the stock like he told you to do. He is so nimble if you take a breath, blink or for heavens sake go to the bathroom you could miss out on a fortune.
Seriously I have had enough of this clown. He is now more dangerous than humorous. I can't believe people who seem reasonably intelligent (nunthia) encourage this joker. He has such a large out of control messiah complex he is going to cost some other fool a lot of money and cause a lot of pain.
Please, stop asking what he thinks or encouraging him. I am putting him on ignore and hoping I can continue to invest without his great(ha) wisdom.
Pacman is a joke. He couldn't have gotten it more wrong on PSEC or Mcc. But he claims he got it right. He is delusional and really thinks he is right. Total Messiah complex.
In getting wrong he may have also committed slander and liable as I am sure his mouth was working as hard as his keyboard.
Lastly, I asked this clown which reputable firm he worked for and he did not answer. As a securities firm principal and president in my working life I recommend everyone ignore Pacman. Just look at the past 24 hours for proof as to why.
As someone who retired at age 41 twenty years ago I can tell you if I would have invested Pacman style I would have had to go back to work. He is a clown, a fool, and a disaster waiting to happen.
Yesterday at 11:00 am on the MCC board Pacman said PSEC was mismarking their CLOs and when things became known they would be in violation of leverage covenants. He said sell PSEC and buy other BDCs. Now he says "I told you to buy PSEC. It's going higher." This guy is a complete clown and anyone who takes him seriously is a fool.