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Fifth Street Finance Corp. Message Board

tonofelephant 18 posts  |  Last Activity: 3 hours ago Member since: Sep 20, 1999
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  • Reply to

    Taking money off table

    by tonofelephant 21 hours ago
    tonofelephant tonofelephant 3 hours ago Flag

    Yield, TAC is a Canadian electric utility that has a huge amount of renewable energy assets in solar, wind and hydro. Their yield is around 3-4 cents a quarter in USD with no dividend reinvestment.

    I liked that their energy portfolio was heavily invested in renewables, their stock price tanked, they had some assets in the states, and would be a fair recession play along with Starbucks; if you believe that Canada and the states are headed for a recession. In the last recession, no one dialed back their electricity use or quit drinking lattes. So I figured that I could not lose. Just wait around for the prices of both to go up while collecting a dividend.

    With a huge sunk investment in equipment, lines, etc it was highly unlikely that they would go out of business. At the worst they would get bought out and since I bought very near the bottom would be either made whole or do rather well.

  • Reply to

    Taking money off table

    by tonofelephant 21 hours ago
    tonofelephant tonofelephant 17 hours ago Flag

    Tulsa - all types of Mammalian burnt offerings are acceptable. Slick is alright in my book; he gamboles to his own drummer as should we all.

    Now if you start the burnt offering, who is bringing the beer that is chilled to peak perfection?

  • Reply to

    Taking money off table

    by tonofelephant 21 hours ago
    tonofelephant tonofelephant 17 hours ago Flag

    Hi WiseJ, I got CHK at a decent price and have a larger buy order in for it if it drops to a gut-wrenching level. With a little patience and fortitude CHK will make some money for patient investors. Will keep TAC & ARCC on the radar with some miserable low-ball bids. Don't think TAC will be revisiting the $3 range again but if so I will be ready. It currently is stuck in the $4.50 to $5 range.

    Do think ARCC will plunge back to $13 range again after management dives into the deep end of ACAS's investments that they have snuggled up to.

  • Today was a fair day to take money off the table. Sold all the ARCC in my & my wife's accounts. There will probably be a better time to buy back in after the indigestion of the ACAS buy settles out. Made about 10% depending on the account. Also sold the TAC stock today made 34% on it. Wanted to wait longer for the price to go higher but decided to sell & scurry away with profit. I can stew over regrets but cant eat them.

    Last week bought back into CHK again for a short (for me) time frame. Have a feeling that Staples & CHK will be a short term buy & hold (under 3 months).

    Also if over the weekend you are making burnt offerings to your favorite stock god for good bump in stock prices to sell at - mention higher prices for MCC, NMFC, & WFM. Thanks for your help.

  • tonofelephant by tonofelephant May 23, 2016 11:50 AM Flag

    ARCC this am announced that they had acquired all of ACAS's assets except for their Mortgage part of the business. The big just got bigger and another wounded/damaged BDC gets picked off. Interesting that ARCC also picked off Allied some years back.

  • Reply to

    They POP!!!

    by thewisejman May 20, 2016 10:22 AM
    tonofelephant tonofelephant May 21, 2016 2:25 PM Flag

    BigBear, not to pick a fight but believe that the value investor is still a viable thing. The difference is you have to wait longer for the price to fall to a better level (usually nearer to the 52 week low) and then wait patiently. Not saying the markets are not volatile, just that you have to play the volatility as good as you can and be patient.

    Having said that, you will occasionally get stuck but if the fundamentals are good & your reason for buying (the rationale) is decent then you have a fair chance of making some money. My downfall is emotion (get caught up in the love of the stock).

    Trading in and out of stocks in a time frame of 1 day to 3 weeks is more work than I care to do. I prefer to buy & make a commitment to wait it out provided that the stock does not make a new 52 week low 15% below my buy point. At 15% below my buy point might buy more (highly doubtful) or just might sell.

    It's hard to be a value investor when all around you people are saying buy this stock hold it 10 minutes & sell it for a 25 cent gain. That is one way of buying & selling stock. That way just makes me crabby & short tempered.

    To me, life is for living. Money from stocks is to enhance your living not give you an attitude. Buy/short the stocks you want. Put in the sell order for that stock at the same time. Then go kiss the wife, walk outside & enjoy the day, or take a drive. Life is for living not to worry incessantly about stocks.

  • Reply to

    OT: SPLS

    by tonofelephant May 11, 2016 8:16 AM
    tonofelephant tonofelephant May 12, 2016 5:59 AM Flag

    Agree about Office Depot not doing well. Currently their stock, ODP, which pays no divie is selling for $3.63. Down from the day before the merger fallout of $6.09.

    The case for Staples is it is stronger than Office depot, Office Depot was the one looking to be acquired, SPLS pays a 5% divie, and think it has a decent chance to get back up to $13+ in a few months. It's 5 year low is $8.27 and its' current price appears to be just panicky shareholders, Finally, Staples is a boring consumer business that everyone uses when they run out of toner or paper. Now to quote the wisejman, do your own DD.

    The proof in price recovery is the Staples CEO who promised a new direction shortly after the merger fell apart. ODP is waiting until May 16th to present the company's new direction. Happy hunting for new investments.

  • tonofelephant by tonofelephant May 11, 2016 8:16 AM Flag

    The Staples/Office Depot deal fell apart late last night. Staples is down approx. 15% in pre-market trading. Might be an interesting entry point.

  • Reply to

    A BDC bomb

    by thewisejman May 5, 2016 12:53 PM
    tonofelephant tonofelephant May 5, 2016 7:47 PM Flag

    Phil, you are not the only one.

  • tonofelephant tonofelephant Apr 21, 2016 1:55 PM Flag

    Whackadoodle land?? Like that.

  • Reply to

    Any thoughts on PSEC?

    by bigbear.2010 Apr 21, 2016 11:09 AM
    tonofelephant tonofelephant Apr 21, 2016 1:54 PM Flag

    Am not thoroughly convinced that PSEC has their head screwed on straight yet. I am waiting another 3+ months to see what new wackiness they put out. If they are quiet for that long, I might shove some money their way. Think $7.50 to $7.75 is tops for them right now. Think there are better honey hives for hungry bears who wish for better profit and less grief.

  • Reply to

    New stock ideas.

    by bigbear.2010 Apr 19, 2016 10:42 AM
    tonofelephant tonofelephant Apr 19, 2016 12:08 PM Flag

    Agree with Phil that accumulating some cash might not be a bad idea, been doing some of that myself. Have been liquidating some stocks that I am too heavy in and are in the green on: ARCC & PNNT.

    But am still overweight in TAC a Canadian utility that I bought in Nov & Dec of 2015. Divie is a nominal 3% but am up right now 25%. Am thinking that it is a safe way to grow your portfolio with minimal downside. Most of the carnage is over with TAC. Divie has been cut to a sustainable level, business is being better run, & even in a recession (which Canada is teetering on) people need electricity. Might not be as sexy as other volatile stocks but I need some decent stocks that don't keep me up at night and still make money for me.

  • Reply to

    Any New thoughts on GARS

    by bigbear.2010 Mar 7, 2016 10:41 AM
    tonofelephant tonofelephant Mar 8, 2016 6:21 PM Flag

    Picked some at $9.97. Waiting to see if I need to get some more lower like around $9.25.

  • Reply to

    A major US market crash

    by thewisejman Mar 6, 2016 7:29 PM
    tonofelephant tonofelephant Mar 8, 2016 10:39 AM Flag

    Agree clrod, past history stipulates usually a recession when their is a changeover in the president. Am slowly averaging my cost of GARS & a few other stocks down to hunker down for the possibility of a Oct 2016 recession.

  • Reply to

    GARS sunk 6.3%

    by thewisejman Mar 3, 2016 9:58 AM
    tonofelephant tonofelephant Mar 3, 2016 1:43 PM Flag

    thanx wisej

  • Reply to

    Does PNNT have more room to run?

    by bigbear.2010 Mar 3, 2016 11:21 AM
    tonofelephant tonofelephant Mar 3, 2016 1:37 PM Flag

    Am holding a bunch of PNNT and intend to hold onto it for awhile longer.

  • Reply to

    Looking for some ideas.

    by bigbear.2010 Mar 1, 2016 9:44 AM
    tonofelephant tonofelephant Mar 1, 2016 11:24 AM Flag

    Long-term or short-term? Long-term being defined as 6 months or longer

  • Reply to

    SUPER TUESDAY

    by thewisejman Mar 1, 2016 8:16 AM
    tonofelephant tonofelephant Mar 1, 2016 11:21 AM Flag

    Not commenting on stocks. Am commenting on voting. Vote, if your primary is today. Don't care who you vote for (I do really) just get out & vote. Renew your license to rant & moan about the losers in political office. Wish I could vote today. WV has their primary on May 10th after the primaries are decided. Remember VOTE, VOTE, VOTE, VOTE.

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