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Frontier Communications Corporation Message Board

tonofelephant 15 posts  |  Last Activity: 15 hours ago Member since: Sep 20, 1999
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  • Reply to

    New BDC Buys

    by tonofelephant 17 hours ago
    tonofelephant tonofelephant 15 hours ago Flag

    Understand about HTGC & MAIN. Think both are good for the long haul. In addition,, MAIN goes in the wife's IRA which means need to be conservative about her money. Besides if MAIN & HTGC tumble some more, will buy some more, if not still think the deal is okay.

    If I don't talk to you before have a great Christmas. GLTA

  • tonofelephant by tonofelephant 17 hours ago Flag

    Recently been thinking about buying some BDC's. In the last week bought HTGC, Main & PSEC. Think they are pretty bullet-proof for the near term. MAIN & HTGC bought slightly over their NAV but no worries. Today bought GARS & ARCC. Both below their NAV's & divie payout is below 100%.

    Have owned HTGC, MAIN & PSEC all at one time or another. Had ALD before their fiasco & buyout by ARCC. Finally am a newbie to GARS. Gars is a little hard to figure out since they only list their top 10 companies which amounts to just under 30% of their portfolio and top 10 industries which amounts to 74% of portfolio..

    Still have about 20% cash in case I see one or two more good deals in the coming weeks. Like to be fully invested in market, but am still a little reluctant to go to 0% cash. Got this nagging suspicion that there is at least one more good deal to be had.

    GLTA. Now back to ferreting out leads for the sculpture business.

  • Reply to

    Metals washed out?

    by frigator Dec 17, 2014 9:52 AM
    tonofelephant tonofelephant Dec 17, 2014 10:52 AM Flag

    Also, since I think recession is not out of the question for the US (we seem as a nation to do 7 year cycles from bust to boom & return) am a little cautious. In fact thinking of selling more stocks to ready a war chest in case this happens.

  • Reply to

    Metals washed out?

    by frigator Dec 17, 2014 9:52 AM
    tonofelephant tonofelephant Dec 17, 2014 10:48 AM Flag

    Frig, RIO might be a mild buy. Yes it is at a low but might take at least as long as oil to get their act together. I have been in at $42 for awhile. RIG is also low-priced - am hurting on that one right now. NBR has seemed to halt its' decline & is attractively priced. Also begining to think industrials such as DOV & DOW they also have slowed decline considerably over last 6 months.

    But before anything can happen in stock buying, want to see how Putin/Russia play out a little more. With Europe, Australia & Japan teetering on Recession & Russia also wanting to join in; Saudis & US pumping oil like they want gas to be at a buck a gallon again - along with Russia pumping like mad to prop up their economy (Ruble tanking & Central Bank hiking rates to 17%) - want to get a better idea of how the worlds economy is going to react. South America might be interesting except for Venezula (hurting from oil) & Argentina (have a debt-paying problem). No insight on Africa or Antartica though.

    Am taking Phils advice & waiting on BDC's until a little closer to end of year. Have MAIN & HTGC in my sights. MAIN is dropping nicely HTGC so-so. Have some horribly low buy prices in for them so if recession hits again, I will be happy with prices I have bought them at even if a lot of PIK's are used for repayment.

  • tonofelephant tonofelephant Dec 12, 2014 5:18 PM Flag

    Agree Phil. Don't like catching a falling knife...don't like being left behind.

  • Reply to

    Insider Trading is now not illegal

    by mr.phil2u Dec 11, 2014 7:49 PM
    tonofelephant tonofelephant Dec 11, 2014 8:19 PM Flag

    Figures.

  • Put in a stupid low price for some PSEC shares. Looks like my wife might be owning some PSEC soon.

  • Reply to

    PSEC cuts divi 25%

    by frigator Dec 8, 2014 8:06 AM
    tonofelephant tonofelephant Dec 8, 2014 8:20 AM Flag

    If their divie payout was 130% then a 25% decrease in the divie would bring the divie down to 97.5% payout. This makes PSEC more attractive - sustainable divie.

    So is it time to buy more PSEC with the resulting folks selling? Possibly especially if you think oil is oversold; since PSEC is supposed to be about 4% oil according to one of the other board members.

  • Reply to

    Handicapping BDC's

    by tonofelephant Dec 5, 2014 10:43 PM
    tonofelephant tonofelephant Dec 6, 2014 5:02 PM Flag

    Could not find any info on Medley Capital. Their website seemed non-functional.

    Looked at ARCC, BKCC, CPTA, CODI, EQS, FDUS, FSC, FULL, GARS, GLAD, GAIN, HCAP, HTGC, HRZN, KCAP, MAIN, MCGC, MCC, MVC, OFS, OXLC, PNNT, PSEC, & TICC.

    Threw out CODI - they give a K-1 - am with Slick on this one - Hell No. OXLC was slightly tempting since it was rated 5* by Morningstar. Glad was ho-hum even though rated by Value Line as a 3/3/3. According to Schwab, PNNT was a an inverse EFT - never knew that.

    Have had experience with ALD, ACAS, FSC, HTGC, MAIN, PSEC, & PNNT before. Still like HTGC, FSC, MAIN, & PSEC. Got burned pretty well with ACAS & ALD.

    In addition like that HTGC does some interesting technology companies. HTGC has a BV of $10.22 & Divie payout of 105%. MAIN does boring old-line style of companies that make money. MAIN's BV is $21.08 with a 91.5% divie payout. FSC is okay been in & out at least 4 times with it - their BC is around $9.71 & divie payout is 128%. PSEC is okay with a BV orf $10.47 & a divie payout of 130% & they have some oil companies in there.

    So you can see some of my reasoning. Interested in Life-Sciences, Technology, & if I can't get that will settle for boring old-line businesses. The other part of my reasoning is that when I buy will be holding for usually 6 months to a year at a minimum. Not in & out in 2 weeks - unless it shoots up 40% or more.

  • Reply to

    Handicapping BDC's

    by tonofelephant Dec 5, 2014 10:43 PM
    tonofelephant tonofelephant Dec 6, 2014 10:57 AM Flag

    Tulsa, would consider TCPC just like I would with TICC but neither one breaks out the companies they hold debt on. TCPC tells the industry & what part of their portfolio it is but does not get any more granular than that. If you have a link to the indivicual companies, would love to look at it. Also neither one says what their investment thesis is.

  • tonofelephant by tonofelephant Dec 5, 2014 10:43 PM Flag

    Have been working on making a buy list for a little later this month in BDC's. The four I have winnowed it down to are HTGC, Main, PSEC, & FSC. I would have liked to add TICC but info on them is scarce.

    Have ranked the BDC's from Best to worst & wanted to get your input. 1. Main, 2. HTGC, 3. FSC, & 4. PSEC.

  • tonofelephant by tonofelephant Nov 28, 2014 4:44 PM Flag

    Have a question I am confused over how much the dividend is. Yahoo says it is $.39 [1.2% yield], Schwab says it is $.82 [2.65% yield], HMC website calculates 82 Yen ($.69100 [2.27% yield], & Morningstar says it is .1953 [.63% yield]. I know all of these answers are not correct. Any folks who have held HMC for awhile know what the Divie is??

    Thanks. Does not change my wanna to own stock just keep okay records. & forecast dividends. GLTA

  • Reply to

    Good Day for Buying

    by tonofelephant Nov 28, 2014 1:04 PM
    tonofelephant tonofelephant Nov 28, 2014 1:29 PM Flag

    Actually the surprises for me today was DOV, TRN, FLR, & HMC dropping real nicely. NBR, RIG & SLB were not unexpected. DOV, NBR & FLR were not on the primary buy list but on a back up list.

    Now need to record the purchases & get out to wood splitting & some chain sawing. Just got a walnut tree last Sunday & need to get it down to nice chunks to dry.

    And as to Christmas advertising - would anyone like either a garden sculpture in the 4' - 5' tall range or a lovely sculpture for the inside? Need to sell some sculpture to buy some more stock.

    Good Investing to All & to all a Good Afternoon.

  • Reply to

    Good Day for Buying

    by tonofelephant Nov 28, 2014 1:04 PM
    tonofelephant tonofelephant Nov 28, 2014 1:21 PM Flag

    All the best to you. Hoping you had a merry Thanksgiving.

  • tonofelephant by tonofelephant Nov 28, 2014 1:04 PM Flag

    After the last sell-off, went to about 50% cash in both my & wife's portfolio. Been watching several stocks very closely. Finished my last round of stock vetting last night in anticipation of a good buying day. Sometimes Friday after T'day has bargains. I think it happened today.

    Rebought FLR & DOV & made new buys of NBR & TRN for my IRA. For the wife rebought SLB & backed up the truck for more RIG. Also bought HMC. Still about 25% cash. Waiting for another buying opp in non-oil equities. With all purchases today, am looking to hold for at least 6 months (unless they run up quickly). Might be holding on longer with the oil services stocks but think I did as well as can be expected with my experience & financial acumen (what part I have).

    Did not want oil producers necessarily, wanted the folks that supplied them. Also looking for buys in industrial section. Like industrial/commercial realm better than strict retail. Retail is too flighty for me. Also think J-Man is right, sales & advertising started way too soon on merchandise Saw 1st commercial 1st week of Nov. So possible harbinger of ugly Christmas numbers.

    My next time to think about buying low-ball will be around Christmas - New Years. After buying this bunch of stock, will have to lie down this afternoon & rest up. Too much excitement for the day.

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