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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Area51 who wrote (23980)	5/21/2006 3:17:36 PM
From: Carl Worth	Read Replies (1) \| Respond to of 78748

mr. gladstone spoke at the vegas money show and i was quite impressed with his track record, and the approach that his team takes in building their 3 portfolios (GLAD, GAIN and GOOD) i would agree that GAIN has the best potential for appreciation as well as dividend increases from here, since it is the newest and as you noted, has only deployed about 1/2 of its capital as of the presentation the other day one further advantage of GAIN is that it often has an equity position in the companies in its portfolio, so if and when they are bought out or taken public, it benefits from that as well

To: Area51 who wrote (23980)	5/21/2006 3:19:29 PM
From: Paul Senior	Respond to of 78748

Thanks, Area51, I wasn't aware of GAIN. I'm interested, and I'll look closer at it. I'm holding full positions in several BDC's; minor or tiny positions in several others (e.g. GLAD). (Aside: Your past posts here on this sector have been helpful to me.)

To: Area51 who wrote (23980)	5/21/2006 9:11:58 PM
From: Spekulatius	Respond to of 78748

my gripe with business development companies is that they charge hedge fund like fee's With Gains, i see 2% of assets + 20% of income +0.2%. So if they produce a 10% ROA, the owner is going to keep 5.8%. This is too expensive IMO - maybe a closed end junk bond fund is a better deal.