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


To: Paul Senior who wrote (38343)6/25/2010 6:43:16 PM
From: MCsweet1 Recommendation  Read Replies (1) | Respond to of 78656
 
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



To: Paul Senior who wrote (38343)8/12/2010 1:25:28 PM
From: Madharry  Read Replies (2) | Respond to of 78656
 
I bought a few shares of psec figure the yield is about 12.8% in the tax free account. Still seem like a generous div. if it can be maintained. Sounds like they bought that other bdc company on the cheap and the bdc-s could do ok in this environment since banks dont seem to want to lend. Do you still own it? Right now I m looking to increase the yield part of my portfolio? any suggestions from the peanut gallery?