No. of Recommendations: 1
- Nibbled on TNK @ $2.70/sh today. Price headed still lower. I will probably take another bite.
Q3 was going to be bad, that was a known. If I hadn't read the Earnings call transcript, I would
not have noticed the number of vessels/days of off-hire being another cause of lower rev. Only
one vessel off-hire in Q4. Will do a sanity check on fleet vs debt before I make that leap.

- TOO looks interesting also.

- I'm guessing the BDCs are getting hammered because of the whole higher-tax on dividend
issue. The thing is, most BDC dividend is non-qualified, and is income anyway. Watching, but may
look beyond existing holding PSEC and FSC.
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