Check to see if it's flying the "Triple Dollar Sign" flag. Or, check my bank account which is up $250K from NRF since the 1st of December. My 50,000 shares are now 30,000, and I have done some trading with the remaining, but I am still green and hoping for a good spin. With some luck, I could double the $250K. Life is good when you're long.
Yes, I was going to tell you that it's basically a broker's decision by default and your's by choice., but PSEC does nothing to limit your decision.
The 5% can be a little misleading as you are not necessarily getting the best price that even a little diligence might accomplish. It's probably the price at close which is often higher than mid-day, for example. 5% is really good, though.
I answered this earlier, but it disappeared: I don't follow REM so I have no opinion. I am a stock picker, and don't invest in stock funds.
I don't think I said that; in fact, I came close to saying the opposite. You need to retake that reading comprehension course before you call anyone dumb. And who is "we?"
You're right, of course, I just get tired of the endless criticisms of the shorts who are pretending to be sincere, but will actually say anything in the hopes of dropping the stock price.
Hi Len ...
I sold out of my MTGE in 2012 ... 67,000 shares. I have been avoiding MREIT's of all flavors, but decided to wet my beak a little with some WMC within the last month .... just 6,000 shares. Falling MBS prices kept me out, but they have been going up lately, and may go up more in spite of the forecasts to the contrary. Nevertheless, I am staying small in WMC for now.
No fund is not going to be allowed to have shares. The BDC's are being removed from the Russell 2000 and S%P small/mid cap indexes. A few funds own and trade those indexes, so, by definition, they will no longer own the BDC's. This means there will would be less demand for the shares, hence, lower price. About 4% of PSEC's outstanding shares were held as a result of these funds. However, as a poster pointed out below, the slack is being taken up with BDC funds. Might be a net positive long-term.
As a financial person, you know that nothing about dividends is set until they're announced which they have not been so far. Having said that, I think they probably will double.
What was the date of the -1.15 duration? A negative duration has to be created by hedging. WMC lost a half buck due to hedging in the first quarter, so that would be consistent. The fact that they report NAV way up since quarter's end means to me that the SPO was deployed and the hedging is gone, mostly gone, or changed. Anyway, with a big pop in NAV, I'm not looking for a big hedging loss again this quarter.
I believe your  is right. The stock price is not well coordinated with performance 'cause a lot of folks don't understand this business, but can't resist the yield, so they're in anyway which increases beta.
Well, I think I said to buy PSEC at the super-saver price. I didn't sell all of the FSC, though, I think I still have about 25,000 shares.
Thanks, Joe. This week I sold 10,000 shares of FSC to raise money for almost 10,000 shares of PSEC at $9.48 .... looking good so far.
PSEC - I mean the company not the stock - is not weak. There is no indication that the PSEC has any noticeable problems. In fact, the Prez reiterated his comments that any changes would have zero detrimental effect on shareholders.
Now, the stock is having some issues, but no one really knows how that will play out ... do they? One thing that everyone seems to agree upon is that the stock price will return to double digits, and probably higher than it was before. All of the shorts and naysayers talk of declining share prices in the past ... happens every year, I guess ... but they leave out that the price rebounds every year as well.
Most shareholders chose PSEC for the divies. They intend to hold the stock for a long time. It doesn't really matter if the price fluctuates a little or not. If they can pick up some cheap shares, that's gravy. That's my position. I could hold these shares for 20 years without having to sell. I am hopeful, and I believe, that sometime in the next 20 years, the price will recover to my purchase price, and I will be able to exit then having collected years of full-value dividends. In the meantime, I am getting over 1% every month without having to sell the stock, and that buys groceries at the grocery store.
So, you may think we longs are stupid, but we're happy. Thanks for your concern.