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Fifth Street Finance Corp. Message Board

stan1736 7 posts  |  Last Activity: Apr 29, 2016 8:43 PM Member since: Feb 22, 2003
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  • Reply to

    Brutal sell off

    by aussieaye Feb 11, 2016 7:50 PM
    stan1736 stan1736 Feb 16, 2016 7:55 AM Flag

    For a co. with portfolio growth of 37% a year since the IPO, with FFO growth of 9% a year, with a safe 9% dividend, with an investment grade credit rating,and selling at a sizable discount to NAV, STAG would seem to be very undervalued at the current price.

  • While the very high dividend on the common shares implies a significant degree of risk, i don't understand why the preferred shares have dropped so much in price . The return on preferred shares is quite high considering the safety of the dividend on these securities. Can someone shed light on this enigma ?

  • stan1736 by stan1736 Mar 16, 2016 10:42 AM Flag

    Despite multiple positive earnings reports, despite recurrent optimistic projections by management, the reality is that GURE continues to trade at a fraction of its NAV and below the cash per share. Management has done nothing to enhance shareholder value . They have failed to repurchase shares, an absolute no-brainer. The only hope for shareholders, of which I'm one, is for someone to buy this undervalued company .

  • Reply to

    Alan

    by stevesinger37 Mar 16, 2016 1:31 PM
    stan1736 stan1736 Mar 17, 2016 7:31 AM Flag

    Alan -I respect your evaluation of the co. and your intelligent postings. But earnings improvements, bromine prices, NG potentials and cash accumulation seem to have no effect on the share price. What is going to propel the share price upward ? Considering that the cash/share exceeds the price /share, why isn't someone offering to buy the co. or to take it private ?

  • stan1736 by stan1736 Mar 21, 2016 11:04 AM Flag

    Has anyone been able to contact Investor Relations via email recently ? I'm trying to find out when4th quarter and full year results for 2015 will be available.

    Thanks.

  • Reply to

    Energy loans

    by drink2mucho Apr 23, 2016 11:26 AM
    stan1736 stan1736 Apr 27, 2016 8:16 AM Flag

    As of 3/5/16, the co. noted that if all energy investments were put on non-accrual, NII would decrease by .05/share/quarter. Of the 11 firms that have been on non-accrual since the firm began, 80% of capital invested was recovered. The co. has .53/share of undistributed income that can be used to protect the dividend .

  • The web site may be up, but I've had no luck in transmitting an email to management. What is your experience ? My occasional queries / comments to the company ( both management and investor relations ) have never garnered a response.
    I can understand their reluctance to initiate a dividend if the funds can be be used productively in growing the co. But I cannot understand the failure to repurchase shares. This not only sends a positive message to the investment community, but rewards shareholders who have endured well over 5 years of no appreciation , or of losses, on the stock. I encourage my fellow shareholders to communicate this to management and to Investor Relations if you agree with my premise. A $2M share repurchase was authorized several years ago, but never consummated. Considering the cash on hand, a five million share buyback is quite doable.

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