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To: Elroy who wrote (54716)1/4/2015 9:11:31 PM
From: research12341 Recommendation

Recommended By
Jurgis Bekepuris

  Respond to of 79022
 
Problem is management gets paid % of assets under management...



To: Elroy who wrote (54716)1/5/2015 11:09:07 AM
From: MCsweet  Read Replies (1) | Respond to of 79022
 
The Wells Fargo analyst mentioned that PSEC would be overleveraged in the spin off and would need to raise money.

I'm not sure how much of their income is origination fees -- maybe they need those to maintain the dividend. I certainly think that is the case for MCC., who will have to cut its dividend.

MC



To: Elroy who wrote (54716)1/17/2015 12:18:27 AM
From: robuck  Respond to of 79022
 
They need to do offerings to uphold their reputation as the slimiest mgmt team in a slimy industry. pass.