Elroy,
The Wells analyst has been a bear on PSEC for awhile -- predicted the dividend cut due to low recurring cash flows, excessive fees, serial issues of equity, CLO marks questionable, etc. So yeah it seems like he understands this one pretty well.
He did point out PSEC is more attractive than it was, but still doesn't like it, although his price target is higher than current stock price.
I'm sort of tired of discussing this with you. I'm not seeing any appreciation for the data I have provided for you here, just more questions and criticism. That's fine -- that's what discussions are about, but in continuing the conversation I am sort of like "what's in it for me?" at this juncture. Personally, I love when people give me information contrary to my opinions because it shows me where I might be wrong.
Anyway, I like the discount and yield, but I plan to sell my long position before next quarter's results are out mostly because I don't trust management. Not saying that for sure it will be bad -- I just am not inclined to take the risk.
MC |
