William Pecker, more or less. He has been touting MCC to go up, and it's not going anywhere except South. He did admit that the external mgmt is under investigation.
Rather than wait for a k-1, I have been treating the distributions as ordinary taxable dividends, I know that the IRS makes money on it, but the early filing for me is more important as I can offset that taxable income with real estate deductions. The broker gives me that dividend total at the end of January, allowing me to file early. Can what I do come back as a problem later on?
BTW: H&R Block has the K-1 form with a less expensive version of their tax program.
He is talking about MDLY. He owns (or so he says) MCC. Should be no surprise to see it at 8. It went from 17 to 10 in less then 6 months, when the market was hot. They did it again, peddling garbage shares to suckers.
As I understand it, the big problem with CMLP is that their midstream business may take a hit with those drillers who decide to shut down because of the low oil price. Does anyone have any idea about the percent of revenues that may be impacted? Also, to what extent will such loss in revenue reflect on the DCF and div payout? It seems to me that NG will be moving regardless, and that once the price of oil goes back up (and it will), those CMLP assets will bring back lost revenues. I see it as a buy, but I'm skeptical about mgmt, as I have seen the blunders of Inergy. I used to own them, and picked up extra shares of SPH in the propane deal. Any constructive comments would be appreciated, TIA
"What I am in at makes no difference (NOR DOES IT TO ANYONE)."
Pardon me, but I care about my money, and maybe you don't about yours. These crooks get 20% commissions and fees from revenues at no risk to them, and then let the pps. go from 13 to 9 (25% below NAV). Then they peddle 18M shares at 12+ for a total of $221M, and now they are buying them back at 9!!!. I'd say the new investors were taken to the cleaners, plain and simple. I don't see one single success for the benefit of the shareholders. Sorry!
Sentiment: Strong Sell
Take a look at the fees and commissions in the last QTR report. It's an eye popper, and then MCC lost .31/share to boot, AND they cut the dividend, AND they want to buy back the shares they peddled @13 for only 9. I'd say the shareholders got it from both ends.
GAAWWWD, I LOVE THIS MANAGEMENT!!!
Pacman010987 (Dec 10):
"I did buy 87k shares. It's 100% of my portfolio. No joke. If you don't believe me.. do some DD. I am over on seeking alpha stock talks too. My name is William Packer. $MCC, $PSEC, etc.."
Then 2 days ago he says "I own no shares of $MCC at this time" after bragging that he owns only one stock and holds it until he makes a killing. He made a killing allriight. He LOST a killing, or made nothing. This guy is either the biggest pumper/dumper or a fool (or a paid pumper), considering the fact that the slick managers floated stock to suckers at 13 and are now buying it back at 9. That tells you guys something about the managers who look out for the shareholders! And BTW: how did he know the div was going to be cut to .30? Oh, pardon me, he was guessing it.
I knew there was something fishy when I raised the Question about why would the pps be so much lower than the NAV. The answer was "If it's too good to be true, it probably is".
Good points. I added @20.5 on the basis of oversold condition and good mgmt, My only guess is that they see good investments down the road, but the energy exposure is a concern. GL
Big deal. Management has a bigger pot to milk off the top line. How about getting their commissions and fees off the bottom line? It would compel them to make good investments for their sake and the shareholders. It's obvious that your are a crony for external management. And they say that you write for SA? What a joke!
External Management seldom has its interests in line with shareholders. Their only goal is to create more fees. More money to invest? More fees. Get it?
I saw this as soon as I bought this garbage. I should have unloaded immediately.
I saw him for what he was when I posted a question on this board, where he was bragging about the 87k shares he bought (?). His arguments didn't hold water. I didn;t believe his name either.
It was oversold allright, and I picked some more at 20+. The way I see it is that if the going dividend is maintained, the pps should climb to about 33 over time. It all hinges on their DCF, which last QTR come up to a very good level. My feeling is that the investing community sees that DCF healthy once the refineries issues are resovled. Let's keep our fingers crossed, because I believe we have a winner here. GLTA
I have been following ONVO for quite some time, and as many of you have said here, it has great potential, but is frought with risks. Can anybody comment on the recent drop from ~7+? are the negatives of major significance? TIA
Are you serious? After passing out a ton of shares in the last SPO?
What are you smoking? It's obvious that they need all the $$ they can get.
Pensive. When I refer to 'smart money' I include insiders. The only fly in the ointment here is that there was some small buying by directors in early December. That's a puzzle.