You find that interesting, do you? What does one thing have to do with the other?You're comparing apples to oranges. Nothing to do with bravado. HK was a speculative play fom the beginning. PSEC is a dividend play, or one which might present capital appreciation depending on your entry point.
NO bravado, friend. Just facts.
I apologize...sometimes I take things the wrong way. My father always told me, "if you can back it up, it isn't bragging." Taking a loss on HK wasn't easy, because I truly believed in the company...even though it shouldn't be emotional, it is. Luckily I had plenty of capital gains so the loss was beneficial in that regard.
I still need HK to double (or almost double) to break even. I don't have blinders on. Their debt, as I'm sure you will agree, is a big issue. Everything depends on oil....HK will be in serious trouble is this lasts longer than say, 12 months. Everyone has an opinion on how long oil will stay down...this is different than the other times.
Again, sorry for lashing out.
I think you make valid points...if it runs back to $9.50, I'm out. I've taken in enough dividends that this would give me a profit, and it is my IRA.
Not sure why people get so defensive about this particular stock? Numbers don't lie...they are what they are. Of course, timing is everything...but this simply has not produced good returns compared to its peers.
Nothing is more sickening than a liar and a braggart. Someone must have hit a nerve...first it is how many rounds of golf you play, then it is dinner at Del Frisco's...who cares? Are you trying to impress someone? Del Frisco's? Oh my God...there are hundreds of better places to have a steak.
Yea, you're hear for entertainment value. Get a #$%$ instead.
jraskib - I agree that the total return picture for PSEC is not pretty and that is probably why most of its shareholders constantly mention that they are not in it for capital appreciation and that you only have capital losses if you sell. I think that is an odd way of looking at it especially after a dividend cut leaves it with a lower yield than other BDCs in its peer group.
I recently did a 4 year total return analysis and MAIN and HTGC obviously topped the list with KCAP and TCAP at tying for third followed by HRZN, GBDC and ARCC. PSEC came in at 22% - so closer to 5% a year and a far cry from dividends of 12%.
@DSC...what will you do if oil stays down for a prolonged period of time? Is there a point where you would say, "enough is enough?"
I have piece of mind, but I'm realistic. I'm not negative on HK, but ignoring reality and debt isn't smart. Neither you nor I knows what oil will do...I'm long 28,000 shares..I'm rooting for them. If you think they can withstand a PROLONGED period of $55.00 oil, you're wrong.
IF I were YOU, I'd take a hard look at the balance sheet.