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Strategies & Market Trends : Dividend investing for retirement

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From: Elroy	1/31/2013 11:14:21 AM
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Anybody following TICC? They are a business development company, similar to PSEC. They announced preliminary results for Q4, actual are expected in mid-March. Book value was about predicted to be about $9.80. With the shares up here to almost $10.70, it's at about 1.09x book. Seems pricey for a BDC, and pricey relative to PSEC. I'm thinking of selling mine and swapping them into PSEC. PSEC's book value was $10.88 at the end of Q3. So PSEC is trading at 1.04x book, not super cheap, but better than TICC. PSEC yields about 12%, TICC yields about 11% of they don't change most recent dividend payouts. Hmmm, I guess the swap isn't that juicey, it just seems like the BDCs I follow seldom trade above 1.1x book because they can't resist doing secodaries when the share price gets up there. And then there is MAIN. It's about 1.8x book and only yields 5%. That one is also a BDC, and it's a complete mystery to me why it's up there and why anyone would buy that one rather than PSEC or TICC. ------ My two cents, maybe I'll just sell my TICC and look around for something to do with the proceeds.

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