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Strategies & Market Trends : Value Investing
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To: Paul Senior who wrote (38343)6/25/2010 6:43:16 PM
From: MCsweet1 Recommendation  Read Replies (1) of 78659
 
PSEC,

The stock is cheap, but I don't like investing with managers who are deceptive, do dilutive stock raises all the time, and are generally perceived as not very competent. The latest dividend announcement is about as deceptive as it can get --- trying to fool investors by going to a monthly dividend and then not even clearly acknowledging the dividend is being cut.

I am big on value, but I'd prefer a good management at a good price than suspect management at a cheaper price. On the other hand, the Wall Street saying goes there are no bad stocks only bad prices. I'd suppose that means I buy a stock like PSEC if went to a "no-brainer" price. For me it is not at that price, but I suppose it might be for others.

MC
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