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Strategies & Market Trends : Value Investing
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To: jhelmers who wrote (25984)2/12/2007 8:51:22 PM
From: Paul Senior  Read Replies (1) of 78817
 
jhelmers: Thanks for the post. Very helpful for PSEC background.

I also like your general rules for BDC. They seem apropos to me.

I have considered selling a couple of BDC's as their stock prices have risen and thus their dividend yields dropping - to below 8%. I didn't do that, because I figured I'd not get back into the stocks unless the yields rose to 10% which I don't expect to see. (Otoh, there ARE occasional downward spikes where an alert investor can buy getting a 10% yield). These BDC also raise their dividends sometimes, so a ltb&h person can sometimes eventually see dividend yields on purchase price well over 10% (even though at time of purchase the yield is below 10%). Anyway, I'm paying the price for not selling as at least a couple of these stocks are correcting now. ACAS for example, down about $5/sh. in the last few days.
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