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Skullcandy, Inc. Message Board

nadsmis 191 posts  |  Last Activity: Aug 27, 2015 3:53 PM Member since: Jun 23, 2009
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  • Reply to

    OT: PSEC up about 5% this morning.

    by lnhirst Aug 27, 2015 9:41 AM
    nadsmis nadsmis Aug 27, 2015 3:53 PM Flag

    so which lake do you fish in WI?

  • Reply to

    General Market Slump or Issues with MAIN

    by de_la_mark Aug 21, 2015 10:07 AM
    nadsmis nadsmis Aug 27, 2015 1:48 PM Flag

    mark,
    MAIN's last ER and CC was a pleasant surprise and indicative of MAIN remaining very healthy. yes, the market certainly influences MAIN PPS as does the BDC sector in general. however, with the today's announcement on reduction to the oil glut, that only helps MAIN's position as 10% of their portfolio is oil related.

    MAIN PPS has been in a slump and appears to be a bit oversold. again, that is due to them being HQ'ed in Houston and exposure to oil. that oil related perception is what is primarily capping shareprice.

    i consider MAIN a buy but am not purchasing myself as i've decided to sit on my hands until early Q4.

  • Reply to

    A DAY to sell?

    by thewisejman Aug 27, 2015 10:26 AM
    nadsmis nadsmis Aug 27, 2015 1:39 PM Flag

    bernie,
    i for one like to see wisejam and phil posts. they are traders as well as investors like myself (to a degree). it is always interesting to me to see others making moves and their rationale behind it. it is not a neuroses. that's what these message boards are for.

    if you like, then simply put them on ignore or just don't visit the message boards.

    whenever i see that kind of negativity i suspect someone is having a bad day and looking for someone to throw stones at.

    i'm having a very nice day so i am wishing you the best. k?

  • Reply to

    Huge Special Dividend Likely IMO

    by appletonrocks Aug 24, 2015 11:06 PM
    nadsmis nadsmis Aug 27, 2015 11:31 AM Flag

    hey apple,
    time to buy back into KOSS? sales down a bit but company profitable again. i took a stab and invested some built up dividends. a small stake but puts KOSS back on the radar.

  • Reply to

    I did tell you to consider selling GSBD on 8/17

    by thewisejman Aug 21, 2015 9:09 PM
    nadsmis nadsmis Aug 25, 2015 9:26 PM Flag

    not lately wisejam. GSBD certainly helped my portfolio as market crashes - esp today with a 1.51% gain while DJI down another 1.29%.

    no, i am sticking with, and even increasing my GSBD while holding steady with MAIN and BKCC. i think you will find they are the pick of the BDC litter. dividends are certainly well protected and it won't be more than a couple Q' before, per SEC guidelines, that a special dividend will have to be offered up to shareholders. that will drive the PPS hard.

    mark it...

    Sentiment: Strong Buy

  • Reply to

    closed PLOW positions

    by nadsmis Jul 30, 2015 12:52 PM
    nadsmis nadsmis Aug 25, 2015 9:20 PM Flag

    run comparison charts for 1 yr, 6 mos, YTD and you will find TTC outperforming PLOW PPS. that will continue, and accelerate. IMO.

    my advice is, for what it's worth, take your profits. book it. this will especially be true in 9 mos. from now.

    Sentiment: Strong Sell

  • Reply to

    BDCs are WAAAAAAAAAAAY oversold

    by big_bags_o_cash312 Aug 25, 2015 4:30 PM
    nadsmis nadsmis Aug 25, 2015 8:56 PM Flag

    big_bags,
    not necessarily true. there are nearly always good performers in under performing sectors. in the case of BDC's, and i hold 3, GSBD is going to be the poster child (up 1.51% today). the yield is less than most BDC's but the capital gain opportunity is terrific due to alliance and affiliation with Goldman Sachs. compounding the upside potential is that GSBD is a recent IPO and at the ground floor.

    one bad bunch doesn't spoil the whole apple (and i don't mean APL).

    looks like this is a good time to sit back and observe while drawing on good distributions that are well protected by a BDC profitability. BDC sector is showing it's a good place to be.

  • Reply to

    Back to $35 by September 1.

    by rernj666 Jun 8, 2015 2:00 PM
    nadsmis nadsmis Aug 25, 2015 8:47 PM Flag

    where do you get that? SIX has everything going for it except a poor market. i just bought back in for the 2nd and 3rd time. doing quite well (all things being considered).

  • like the market, my portfolio has taken a beating. nonetheless, my stake is not what pays the bills. having 40% in cash makes me breath easy. what would have hurt would have been if i had been all in. dividends and distributions are based on earnings and, with BDC's, on profits. my yield remained constant.

    will continue to sit out the 40% until end of 2015 Q3 and see what opportunities are there, see how China and other 3rd world countries who are playing the currency devaluation game fared, see how the Fed has affected and then come back in hard for what will probably be lower capital expenditures and higher yields. a game us retirees gotta play when S.S., annuities (pension), dividends/distributions make up our income.

    i may come back into the markets even harder by unlocking home value and using home equity line of credit. just have to see.

    not stressed when you don't have to cash in equities and realize the losses (unless you need to reduce taxes).

    very interesting day....

    good luck to all.

  • Reply to

    MIFI

    by bookerone2000 Aug 18, 2015 12:23 PM
    nadsmis nadsmis Aug 20, 2015 6:08 PM Flag

    sorry. i meant 2.0 not 2%. volatility equates to risk but MIFI is beyond that. it is beyond speculative. it is a play for Shorts at the expense of Long shareholders. i hate to see anyone get hurt (other than big mouths like vanityequity). i also hate to see anyone mislead the public either. there's enough fraud perpetrated in the markets without pumpers and shills worsening things. if i can save anyone a dime by combating untruths and invalid verbiage - i will.

    that garbage happens here primarily thru posters like August. you ask me, that's not just unethical, it's akin to criminal.

  • Reply to

    MIFI

    by bookerone2000 Aug 18, 2015 12:23 PM
    nadsmis nadsmis Aug 20, 2015 1:19 PM Flag

    28.4% of outstanding shares are instituional owned (per Ameritrade). when retail investors own more than 50% - watch out. that is why beta is now 2%. that should be alarming.

    you are completely correct in me not believing "Alex". why do posters here refer to him by his first name as if he was their buddy? he is well compensated as he heads a company costing shareholders a bundle. under his watch the PPS has declined over 60%. wow. and getting nothing but worse.

    Buffet? not applicable. he wouldn't touch MIFI. MIFI is not just a selloff, it is in freefall for a good reason. many actually.

    yes, time will tell. expect to see SEC get involved here after the demise is complete. shareholders are being misled just like the pumpers on this board continue to mislead.

    MIFI discount moved from Aisle 7 to basement (you have to take the stairs)

    Sentiment: Strong Sell

  • vastly underperforming a poor market, that's like getting both barrels in the face. don't expect a reversal. the whole sector is tainted by Greece whether you like it or not.

    just dumped CPLP and had already closed TNK (avoiding a 15.7% capital loss).

    expect the beating to continue here........!

    Sentiment: Strong Sell

  • nadsmis nadsmis Aug 20, 2015 12:39 PM Flag

    i know what you mean. however, not just CPLP getting whacked. TNK has been pounded as well. the whole sector taking a beating. i am cashing out with a 14% haircut to capital. enough is enough. tanker sector underperforming a poor market. any remote ties to Greece excerbate those woes. ugly and getting uglier.

    Sentiment: Strong Sell

  • the ole addage of sell on good news and buy on bad may be applicable here.

    a great runup today in another dismal day for the markets. at least for today i regret selling FSC and using proceeds to purchase GSBD. however, had i held FSC, i believe i'd take the profits and chase a beaten down buy elsewhere. lots of bargains out there now.

    congrats to all who hold FSC today. a nice shot in the arm for a bad day in the markets.

  • Reply to

    Is it time to sell GSBD?

    by thewisejman Aug 17, 2015 12:44 PM
    nadsmis nadsmis Aug 20, 2015 11:38 AM Flag

    ah wisejam,
    spreading a wee bit of negativity on competitors are we? lol.
    my answer to your question is that it is time to buy GSBD, definately not sell.
    the synergies with GS are huge and provide GSBD with a competitive advantage not enjoyed by other BDC's, hence my positive outlook. being a recent IPO with an incredibly good portfolio of customers already illustrates that. this is still ground floor and i expect to see GSBD make some real hay and increase distributions and yield. you know that will push up capital gains as well.
    i see FSC doing well today in another dismal session for the markets. that was due to their buyback announcement. GSBD also up nicely today and helping my portfolio out. that buying was not based on any announcement but rather on positive speculation. just wait until GSBD makes an announcement. this equity will spring.
    besides GSBD, i continue to hold BKCC and MAIN. all 3 represent comparitively low risk within the BDC sector. i dislike externally managed companies like FSC as i want profits returned to shareholders vs. spending on management leeches.
    good luck to you.

    Sentiment: Strong Buy

  • Reply to

    MIFI

    by bookerone2000 Aug 18, 2015 12:23 PM
    nadsmis nadsmis Aug 20, 2015 11:25 AM Flag

    sej,
    well, MIFI doesn't have to cover distributions or dividends. if anything, with such bad earnings they may need the cash to cover operating expenses. of course, if more shares go to the market that means dilution and PPS drops further and, if there is ever any type of recovery, that will be spread across a greater base.

    there are continual posts on this message board blaming Shorts for the demise of MIFI PPS. to a degree, that is true. however, there are reasons for taking Short positions and that is due to a poor outlook on top of a diving share price. Shorts only bet on equities that are vulnerable and have poor expectations. that fits MIFI to a Tee. furthermore, individual retail investors must be worn out by the dismal share price performance and no instituional buying is occurring, hence the plunge.

    IMO, don't look for that trend to reverse but rather expect it to continue. remember, cheap stocks can always get cheaper. with zero yield and a negative P/E, you know what will happen despite all the pumping you see on this board.

    better to take what capital you have left and buy into something that is down due to market pressure vs. a poor holding.

    regardless, good luck to you.

    Sentiment: Strong Sell

  • Reply to

    all out...

    by nadsmis Aug 6, 2015 10:50 AM
    nadsmis nadsmis Aug 19, 2015 12:27 PM Flag

    just fine and dandy, thank you.

  • was able to turn a good one with HD buy ahead of ER but my good moves are in the minority.

    IMO, a lot of very good buys out there. unfortunately, my portfolio is full of them. i need some "good sells" in there. not much black and an awful lot of red.

    my watch list consists of positions i held but closed out. that watch list is on an excel spreadsheet and compares my sell PPS with current PPS. absolutely full of red with all oil positions horrible. all energy related horrible. all utilities bad. industrials and BDC's down. banks down. only niche equities like guns (RGR), specialty retail (GME), road and rail (UHAL) or niche spec machinery (TTC) realizing any capital gains. their yields are negligible.

    my thought is to buy back into market based on time rather than short term market conditions due to factors like Fed, China, Greece. have to let time temper those short term market fears and am thinking to buy back into the market early 2015 Q4. in the meantime, i sit on a 45% cash position with other 55% in higher yield equities like BDC's and diversified banking and several misc i just couldn't pass up. like DIS on bad ER and downgrade. only 1 growth stock per se, FB.

    just crazy out there. am gonna watch, listen, observe and make only minor moves for now.

  • Reply to

    OT: Stock Watch List

    by mr.phil2u Aug 19, 2015 7:57 AM
    nadsmis nadsmis Aug 19, 2015 11:47 AM Flag

    you got that right...!

  • Reply to

    OT: Stock Watch List

    by mr.phil2u Aug 19, 2015 7:57 AM
    nadsmis nadsmis Aug 19, 2015 11:22 AM Flag

    WMT is definately not quality. their niche is cheap Chinese product and their grocery end is the only thing propping them up. China is increasing prices and they are now looking to buy their low end goods elsewhere.

    their earnings were a disappointment and no surprise. they blamed the strong dollar and their wage increase. baloney. the wage increase was a PR sham and less than 5% of associates got one.

    in the midwest they are losing market share to Meijer and customers throughout US are leaving as we pull out of the recession. their stores smell like cheap plastic.

    Walmart, the evil empire, is going to go the route of K-Mart, Pennies, Sears and the like. good riddance IMO.

    DD is always interesting but is unable to focus due to such a huge gammet of businesses. sort of similar to what GE was.

    IMO, keep them on the watch list, not in your portfolio.

SKUL
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