You know, I have lost a lot of money during this last downturn. However, when you look at the stock decrease against the prospective plans of the management, it is obvious that there is a good story here. I think it is clear that the management of ETP has their hands full managing the diverse portfolio that they have now. Overall, I think that they are doing a great job, and I think that we will see a stock price recovery going forward.
The current yield is outstanding. I am thinking about doubling down at this point.
Sentiment: Strong Buy
I think gold will bottom somewhere between 875 and 1000. Plan to buy a married put spread in GLD there and hold on forever. Our fiscal politicians are too damn stupid to do the right thing for our country. I love it though. These #$%$ are going to make me rich.
Ex-Dividend today plus preferred stock down ( a total of .67).....$24.15 gives you over 8.4% yield. Its going to be a long, long time before you see the 30-year treasury get anywhere near 8%. I think that this discounted preferred is a good long term buy
Get out of this stock until the management of this company displays some favorable move toward the "total return" of this stock. To date, this has not happened. Your loyalty has been repaid with a capital loss of your assets. Why not demand a return for your risk??????????
The name of this game is Total Return. Your dividends plus the capital change in your investment over the last period of your choosing. Care to guess what that is with "good ole" PSEC.
I got out some time ago, and I am glad I did. Long investors, suffer at your own expense. This management is only interested in "buttering its own bread".
PSEC is another value/divvy trap. Buy BlackRock instead, a much better company.
You were buying other REITs at one time (because of the "value"). Why not buy back your own stock? He must think that his own stock is not worth it. Not a good sign.
Been away for awhile. I am glad I was away!!!!!!!