SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: Paul Senior who wrote (30642)4/11/2008 11:22:43 PM
From: Madharry  Respond to of 78680
 
I simply dont get this. as far as i can see they have no new loans on non accrual status, they are raising capital to offset the loss of the merill lynch credit line. im probably wrong but this seems like a case of people deciding based on price as opposed to paramaters like book value and cashflow. i would also note that while that there has been no recent insider buying there has also been no insider selling on mcgc. I guess if the stock were at $15 youd be comfortable with the dividend.



To: Paul Senior who wrote (30642)4/24/2008 8:52:20 PM
From: Madharry  Respond to of 78680
 
I feel like a moron again regarding MCGC. what shareholders in their right mind want to authorize management to sell shares and give shares to employees below book? Do people read their proxies at all? This is just insanity. MCGC had yet another downgrade that I had difficulty understanding the rationale behind it. I guess zachs maintained a hold rating but reduced the price target to $8 saying it was possible they might have to reduce the dividend in the future. Like by how much dude?

On the other hand a situation where i chose not to exercize my right KYCN Simmons stepped up to the plate and increased his controlling position by over 34% so he picked up a bunch of surplus shares at $10. So thats a positive sign.