Did anyone else read the article today on Yahoo?
these know-nothing analysts have listed 9 companies that are marked down this Q
This report is considered one of the worst reports in the entire BDC industry. What do you say that favor this stock?
Motley Fool has listed 8 companies not including ESSEX that were marked down this Q
Some of these companies were marked down 3rd Q
One of these companies Oxford Minerals MCC floated an extra 7.5 million loan to help keep the company solvent.
MCC has won the honors for posting one of the worst Quarterly performances in the entire BDC
pacman strongly recommended MCC but then said he forgot ESSEX but apparently he must have also for the other 8 markdowns. I thought being a SA writer he would surely know a little about some of these BDC portfolio's but it looks like he has no clue.
What he claims he and his clients hold then with this drop of the stock they are losing a lot. I wonder if he is buying down at this price, since he was ready to buy at the higher price over 6.
he didn't know the dividend of PSEC but he guessed it would be ok even after he bad mouthed the stock for weeks and then acted like he changed hid mind yesterday.
and of course Taube didnt have any good answer so the stock continues to tank.
after looking closely at the report it looks to me like they lost a lot of money on energy and did the waiver. Their earnings are not as good as they appear to be.
non-recurring costs they show a 28c gain. So if this is true then they actually have a loss of 27c not a gain. How misleading.
You have no way of knowing what PSEC was going to report. If they didn't report what you said then you would say you made a mistake on calculation like you did for ESSEX. Come on now pacman, you are investing a lot of client money and suddenly you are going to forget about ESSEX. What else are you going to forget about?
I was so confused by what pacman said I didn't buy any PSEC. He was wrong about MCC then said he made mistake on ESSEX then he says he made mistake on PSEC. Then he says he has bought near the low but he was touting it when it was 5.4 and it went down twice to low 30's then closed at 5.26 before the announced their surprised earnings. Now I'm supposed do sell everything and buy PSEC like this time he will be right when in fact he has been downgrading this stock for months.
He says MDLY is going to town by declaring a .22 c dividend, any day now he says. In the meantime MDLY goes down 65c. and he has told me not to sell any when it was 8!!!!
For a time PSEC also had problems with its NAV and for that they had to drastically reduce the dividend. Over time PSEC went from 18 to 12 then down to 5.21 before bottoming out.
All of a sudden they pull this one out and the stock is back to 5.7
It was holding up so well during the down market.