strong sell?? what do you know that no one else does? A little inside information or something like that. Stock looks like it's on its way up, more room at top than bottom.
pay Zacks? Remember they don't have the money to pay Zacks. At 40c the stock would be cheap enough to buy and take the risk. Don't you think ?
pac, you keep pointing out these problem companies that MCC underwrites. Seems like every time you turn around another problem pops up.
I used to own ACAS back in 07 before the market crashed. ACAS also crashed in Nov of 08 when they reported bad earnings. I averaged down from 30/share all the way down to 0.62 cents then sold when it got to 7 to get even. Since they never paid any dividend I got out and never looked back. If I had kept all my shares and sold at 15 I would have done ok but didn't like the fact of no dividend.
and line energy has been going up ever since the downgrade.
wouldn't it be nice if MCC got to same price level as PNNT 9.15 at the present? PNNT does not have the downgrades like MCC has.
but if the management is doing such a poor job of underwriting then how is this company going to get back on its feet. Look at Pennant Park stock is now selling for 9.12 much higher than Medley. A. Penn bought almost 70k shares in Feb. Would you say that Pennant does a better job of underwriting than Medley Capital? At first you were positive and now you really cut down management's underwriting saying that you could do a much better job but yet you invest in this company???
and other in jewelry to see what they have to say.
In their last two quarters they talked about the non performing assets and what they are going to do to turn company around but so far all we got is 3 downgrades and not much seems to have changed except the stock just keeps going down.
I have no idea where this company stands and it appears that we will have to wait until the next ER to find out.
By that time the stock will be selling for?????
say pac why don't you call taube and ask him about FC and the jewelry business and why they invested so carelessly?
yes I see what you are saying but what I don't understand is you saying that at next CC you will ask the question and will exit if you don't hear the right answer.
First the ER has to be ok and if not the stock will continue to decline and second if by the time you get the wrong answers the stock will be much lower that your purchase price. HELLO.
of FC and the jewelry business.
What does pacman think the stock price if he decides to head for exit? By that time if his information is true the stock will continue to decline until it reaches 7-8 price level. He would be losing 100 thousand dollars.
Now after all of this he says that the FC and jewelry company is in trouble which will cause another drop in NAV when they report in May. Why did pacman first recommend MCC then find these problem loans???
The stock is selling for 8.86 probably because of what you are saying causing the investors to stay away. By the time you decide for the exit the stock would be selling for 7 that is if they were being shady.