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Non-Tech : Income Investing -- Ignore unavailable to you. Want to Upgrade?

To: Privately who wrote (52060)	11/11/2025 3:01:36 PM
From: kgr1137	Respond to of 52115

Re: I bought some of this one after hours for $23.62. The company did a massive equity issuance earlier this year which was used to pay off most of the Series A 11% preferred. That was a huge drain on the company cash flow and obstacle to profitability. It is now GAAP profitable and 2.5-3x off its post-equity issuance lows. I didn't mean to suggest an 8.75% coupon was commensurate for the company risk, but I didn't buy it anywhere near par or near $6 for that matter. It's definitely not your average retiree's holding :-)

To: Privately who wrote (52060)	11/11/2025 4:32:59 PM
From: Elroy	Respond to of 52115

I read about them a bit and decided it's not worth the risk. Luckily it popped today for some reason, so I was able to make on average 70 cents per share in one day. I'll just take that as a lucky payoff, and stick with my NGL preferreds. I actually bought some PSEC before earnings, and it has popped up nicely. PSEC is a black box to me, but the yield (about 19% now) seems too high. PSEC seems like it should perhaps have a 14% yield, and I think that would make the price $3.50 or so. So I'm holding onto PSEC for twelve months, hoping they don't cut the dividend for a year and it gets some share price appreciation.

To: Privately who wrote (52060)	11/12/2025 10:00:35 AM
From: Charles M	Read Replies (1) \| Respond to of 52115

Privately, right now as a retiree and one who is responsible for my wife's account I agree that right now chasing yield this high on a single stock would make me nervous. I prefer a stock like UTF and UTG that have investments in multiple utilities and projects like infrastructure. Mundane things like financing airport expansion or building a toll road, although I am not saying this is what UTF is investing in these specific examples right now, but just examples of projects they do invest in.