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Strategies & Market Trends : Dividend Investing
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To: - with a K who wrote (188)4/4/2003 3:20:14 AM
From: Paul Senior  Read Replies (1) of 387
 
-with a K. Bought based on, and for, the rich dividend yield.

That high yield is scary. Usually predicts disaster. OTOH, MCGC's one of those Business Development Companies that treats all income as a dividend to shareholders. So high dividend yields are the norm.

Still, I agree about the those business loans they make. Defaults could crush the dividend and drop the stock. And as bob wallace points out, many are short this stock. In going long, perhaps it's best to play MCGC as bob apparently does: capture a profit quickly at an advantageous point on the dividend timeline, then get out.

For me, my intent (if I don't get scared out of the stock) is to continue to hold a very small core position, which I may trade around.
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