no problem. I am amazed he has that much time on his hands. Sold half of my EDF position. PSEC is a business development company and I believe a good investment. If you get the opportunity listen to one of their presentations from their website. They may be best of breed. Decent dividend.
First of all this is about EDF, not sure how I managed to type in EDG. At any rate the conference call did sway my thinking. The question and answer portion of it was the most telling. The average question was sort of hostile which is understandable given the price action of EDF. The answers to the questions were quite civil and well thought out. They actually seemed to have anticipated most of those questions and the bottom line for me was that while they obviously can not guarantee the payout they did just about everything but. They said they have flexibility and a lot of experience in these types of markets and they essentially were very confident. That can be a red flag and over the years I have seen management types who couldn't be honest with the shareholders. This didn't come across like anything but open answers and confidence. I think around here at the annual low and with a decent discount it looks pretty good. Having said that with the overall stock market hitting new highs maybe a decent correction could make this even a better deal. Best luck.
Listened to the conference call and with this at the annual low I bought it. Stone Harbor seems to be unknown in the States but apparently they manage about 63 billion dollars. I have reason to believe that they are confident in the payout.
Would those with in depth of knowledge in MTL please comment on the comparison between the common stock of MTL and the MTL Preferred trading as ADRs here in the U.S. I do not understand the price discrepancy. Thank you in advance for any intelligent information.