UnThreaded | Threaded | Whole Thread (11) | Ignore Thread Prev | Next
Author: Hohum777 Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 1823  
Subject: Re: Nov 2012 musing Date: 11/2/2012 10:23 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 1
What's the deal with PSEC's drop? Oh, they just decided to have a large offering- 35M shares!
http://finance.yahoo.com/news/prospect-capital-corporation-p...

That's not a trivial number, about 20% dilution. With over-allotment, about 23% The company
had some carry-over income that should help on the dividend side. But then the concern becomes
the dividend safety with the huge share dilution. I added more shares @ $10.95/sh, but now
I am wondering if I need to poke at this idea a little more. I don't really want to replay
an AINV type pull-back, followed by a dividend cut a few months down the road. Shares another
similarity with AINV- PSEC is my second largest individual holding, while AINV was my largest
for many months.


I noticed the OSG bounce today (11/2). I'm guessing this has something to do with today's Jones Act
announcement. I have tried my hand at short term trading but OSG is not one of those types
of ideas. Way too many unresolved issues.

Speaking of penny ideas, SQNS was continuing its downward spiral, then suddenly caught a
wave- up nicely in the last hour or two.
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (11) | Ignore Thread Prev | Next

Announcements

Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Macro Economics

Economic Implications of Cuba
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement