Belden Inc (NYSE:BDC)

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  • jwstich: @Yieldhogs Nice bounce off the LOD yesterday for many $BDC's (Business devevopment Companies). These were due for a bounce after August/ September declines. May be a little bit left in the bounce but would trade more cautiously at this point.
  • jwstich: $BDC's: "However, we did note that – at least – seven different BDC stocks reached new 52 week highs during the day. Here are the symbols involved: FDUS,GLAD,GAIN, HCAP, NMFC, PFLT and TPVG." Many BDC's go ex-dividend in the next 1 to 3 weeks. Yields range from about 7 to almost 10% but these are not qualified dividends. Dana used to keep up with these and evaluate and advise. This is pretty complex so I don't try to do it but subscribe to a service.
  • Jazman0013: @jwstich $BDC I miss Dana. The yield hogs helped keep me in the game during some rough stretches of almost no access. Rest In Peace Dana. You are dearly missed. Not only for your contributions to the forum but for the family member we got to know and adore.
  • jwstich: $BDC's On fire! All of mine up 15 to 30% today
  • jwstich: $BDC's Fell asleep and took a little unintentional nap. Woke up and looked at my accounts. I feel like I want to puke but...still I don't think this is the bottom. I am hoping I am wrong.
  • Jazman0013: @jwstich $BDC not much hasn’t been taken to the woodshed. The higher yield issues had held up fairly well until it was their turn. Some are not too bad off. As a market timing indicator I feel like I want to sell everything just to not deal wi ...
  • jwstich: $BDC's getting slaughtered again today. I sold a bunch yesterday but not enough. Glad though I sold what I did.
  • jwstich: $BDC"s and $REITS Many are getting crushed today. Have been nibbling on the way down. Maybe we will see a bottom soon but not employing the "hope" strategy. Will wait.
  • mopick: @jwstich $BDC $REITS, probably the Gundlach effect. If we're headed into recession, or actually in one as he believes, obviously BDC's are not the place to be.
  • jan2138: @jwstich $BDC $REITS That's smart. Patience.
  • jan2138: @bobbybo: if you are looking for some yield and would look away from mtg. #reits, I think a $BDC is a better, safer sector. If you care, let me know, and I'll tell you why I think this.
  • jan2138: @rnrdallas: MAIN; I had a position in $MAIN which I sold back in 2011 because the yield was down around 7-8%. The yield rn is 5.93% which is too low for me. It is a $BDC, a business development company.
  • rnrdallas: @jan2138- understand, 5+&6+ is as low as I will go in my yeildhog account. I'm happy to say some of them have gone down because they have gone up in price. But I do like making money and getting div. The search goes on. $BDC, I asked because some people have their own personal shorthand.
  • snmtraders: $PSEC - The business development co's have been under pressure since the index etf providers have decided to eliminate these from their respective indices. (The problem with including BDC's derives from the way they must account for their operating e ...
  • snmtraders: $ARCC - The Najarian's mentioned lots of call activity in this name, and I just looked and found lots of volume in the April, May and June 18 calls. This is one of the largest weightings in the $BDC etf (BIZD). Just wondering whether the pressure is off BDCs now that everyone knows they are being removed from the passive market indexes, so the bulk of the selling is over. If so, some SMM favorites should do very well -- $PSEC, $ACAS, among others noted by @Dana and @Lou, in particular.
  • jan2138: #yieldhogs: $FSC, another $BDC which I like has also been consolidating and is sitting right on the 50 day sma on a div. adjusted chart. On an unadjusted chart, the 50 is resistance, and the share price hasn't been able to penetrate it, as yet. With dividends declared for the next 5 months, the 10.66% yield @ $9.38 where I added some a bit ago, looks like a decent entry. We shall see.
  • peterd: @jan2138 - $BDC - @Dana, Got out out or mortgage REIT's last May. In mostly BDC's. Are there any of the #REITS you like more than others? Thanks Peter
  • Edgarzb: $BDC @nmshore. I am long $PNNT and I have noticed any negative effects at all. FWIW.
  • jan2138: #yieldhogs: MCC; a $BDC with an excellent div. history to date, i.e. steady increases, currently yields 10.82%. On a div. adj. chart, it has recently established a higher low, bouncing off the lower bb which serves as support. On an unadj. chart, it has also bounced off of the lower bb which serves as support. When it has done this in the past, it has consistently started a new uptrend which consistently ended when it hit the upper bb. All the while, it continued to pay the nice #dividend. For long term holders, it's one to add at the bottom each time it gets to the trough. For those who have an itch to trade, you can buy at the trough, maybe get a div. on the way up, sell at the top and wait for it to trough again. The best of both worlds=:+)
  • dave11: High Yield $BDC allocation. $TICC - selling full position and planning to start a position in MAIN. Barrons article has influenced this decision. I already own $TCAP which is also a recommended in the article.
  • jan2138: ...
    edit: the Dec. 2012 results were not announced until 3/21/13 which was their first report. The ipo was on 10/9/12. So, the delay is not so unusual. I will still feel more comfortable with the funds generated from this sale in $AI, $DX, or any of my ...
  • normr: #Yieldhog $BDC - my favorite is PSEC....reasonably stable price, monthly dividends announced months in advance.
  • galford28: Gladstone its a small cap $BDC ranged around 9.5-10, pays 8.5% yeild and monthly, its been working me for so far
  • RtHereRtNow: $BDC - @Dragonfly- I like $PSEC as well, plus it's at a pretty good entry #rhrn
  • jan2138: #yieldhogs: FSFR; this new $BDC holding for me which I posted about back on 1/13/14 when I made my initial purchase, announced today the 3rd increase in their #dividend since the IPO back in mid 2013. The increase from .23 to .27 bumps the yield from 6.64% to 7.79%.I consider this to be the $BDC sector's version of @Lou's NRF. A company that will grow, increasing profits, dividends, and value to the investor. This company is affiliated with FSC. BTW, it is hardly a "high yielder" with a 7.79% yield but with the expected div. growth and share price appreciation, it very well may be=:+)
  • jan2138: TCAP: an old high yield holding which I sold way back when the #dividend yield got down into the single digits, just declared a special #dividend of .30 per share to be paid in 2 installments in 3 and 6/2014. The regular div. is .54 quarterly which produces a yield of 7.73% When I add in the .30, it raises the go forward yield to 8.80% for 2014. This $BDC has been pretty successful and has an excellent #dividend history, i.e. constantly increasing over the years with a special thrown in now and then. Earnings coming on 2/26/14. If the story appeals to you, this is one of the better BDC's and an 8.80% yield is pretty attractive.
  • jan2138: #yieldhogs: PNNT; reported 2/5/14. .28 #dividend looks safe. Book value increased .59 to 10.80. #Dividend history is excellent to date. This $BDC is currently yielding 9.93%.
  • jan2138: #yieldhogs: MCC; reported and declared a .37 #dividend to continue an excellent #dividend payment record. At current market, this $BDC yields 10.68%. #Dividend looks safe. edit: it is recovering nicely from the gap down on 1/30/14 when they announced a secondary. It was a good entry point.
  • jan2138: #yieldhogs: FSC; reported and declared another 3 months dividends for 6,7,& 8/2014 at .0833. Thus, the #dividend is safe for Feb. through Aug., 2014. Yield for this $BDC is 10.37%.
  • jan2138: #yieldhogs: MCC; this $BDC is offering 6 million shares @ 14.00 today. It has gapped down to previous support and is trading below the offering price at around 13.78 where I added some. It has an excellent #dividend history. With the gap down, the yield has jumped to 10.73%. Earnings coming 2/6/14.
  • jan2138: #yieldhogs: FSC; a $BDC yielding 10.82% #rhrn has been consolidating for the last 5 weeks and the bb's are tightening ( on a div. adj. chart). We have a vol. #squeeze which could very well resolve to the upside unless the market gets too unsettled. I have posted my thoughts about what happened to cause the gap down back in late Nov. 2013 which, if you are interested, you might check out.
  • jan2138: #yieldhogs: FSC; I encourage you to read their recent press release regarding earnings, the change in the #dividend announced recently, and their thoughts on earnings to come. I found it encouraging as they seem optimistic about their business plan and the positive effect it will have on future dividends. The company and the CEO have been recognized recently with awards by their peers for excellence in their operations in middle market financing and $M & A. If you are interested in a high yielding $BDC, you might want to take a look at this one. It is in the process of recovering from the announcement of the #dividend change.
  • jan2138: $NLY @ mradams: some mtg. #reits better than others at managing portfolios in face of rising interest rates and taper talk. $NLY and $AGNC so big, it's more difficult to manage portfolios with asset sales, new buys and hedging. I would not double down in $NLY with #dividend declaration coming soon and earnings early next year. If they have to lower the div. again, it will get creamed. Lots of differing opinions as to what will happen with div.. If you are looking for a good yield with less uncertainty, look at a $BDC or $VGR or $WIN and wait for an entry. If $NLY manages to turn the table, there will be time to get in. Just mho.
  • jan2138: #yieldhogs: FSC; this $BDC continues to slide. I see it as a developing opportunity. When they declared the div. schedule back in November, the headline number was .05 down from .0958. However, they also declared go forward divs. of .0833 monthly for the first 5 months in 2014. It seems as though no one saw this part of the announcement as the stock has been in a downtrend since then. Earnings support the .0833 amount. The portfolio of loans appears to be in good shape. The CEO has been awarded the 2013 M&A Advisor Leadership Award, and he owns 1.4% of the stock, 1,929,169 shares. I repeat, I see it as a developing opportunity and am watching for it to stabilize and develop a base. Book value at 9/30/13 was 9.85 vs. the current share price of 8.99. Just a heads-up.
  • jan2138: $CYS, $AGNC etc. @MartySS: good question about the similarity aspect. I am not a tax guy, but REM's two largest holdings are $AGNC and $NLY last I looked. So, you might want to check with your broker or a tax pro about swapping into any of them. I sold my $CYS awhile back because the dividends were being cut too regularly for me. Of the 3, I think $WMC is the one most likely to continue its div. payout. If you need some losses and decide to sell the mtg. #reits, I would suggest going into a $BDC instead for reasons I have outlined several times of late in the forum.
  • tennisaddict: MCC: Ex. Div. today provides a nice pull back for this $BDC with a 10.3% yield. Good chart. Wait a few days for it to settle in.
  • BuffaloBill: $BDC - $65.58 Bielden Cable, Electric Components crossed 50ma Up, Volume will be 250k $EOD above average 2nd day. Income up 43% over last year
  • jan2138: AGNC- @Dan covered this in last night' SS and suggested that he could make a bullish or bearish case for it. It appears to be trying to establish support at the current level and as @Dan said, if it starts to trade below 20., watch out. Right now, I ...
  • jan2138: #yieldhogs: what to do?; imho, for generous yields, I would look for entries in the $BDC sector, cef's, and issues such as $WIN and VGR. For those who don't care about dealing with K-1's and all that goes with them, the energy MLP's and LLC's offer some interesting opportunities. And, some muni cef's can be attractive. Be sure to check the portfolio composition before pulling the trigger and obviously, the larger the discount to $NAV, the more attractive it should be.
  • jan2138: #yieldhogs: AMTG; good morning all. In @Dan's weekend SS, he mentioned $AMTG and deferred to me. I am flattered. In any event, I was long this issue but, as posted back on 9/24/13, I had sold it because of another cut in the #dividend which reduced t ...
  • BuffaloBill: Heavy Instutional BUYING $ALGN $AOS $ARMH $BDC $BITA $CMG EQM $GGG $IGTE $LII $NFG $NFLX $NYLD $PII $RGR $SPWR $TSCO $WAL $WX $XOOM
  • jan2138: #yieldhogs: what to add?; I have raised some cash after selling a non #yieldhog issue and am going to add a revenue generator. I think I will add a $BDC or BDC's but intend to wait until the euphoria fades a bit. I am leaning towards $PSEC at the moment. Maybe TICC.
  • jan2138: #yieldhogs: WIN; I see that it closed at 7.99 on Monday. If I had been tuned in, I would have added to my "full" position. On a div. adj. chart, the 200 day sma is support, and it seems to be holding nicely. It's not a bad buy at its current level but 8 ish is an excellent entry imho. A 12.50% yield for a non $BDC or mtg. reit, a telecom no less, is hard to turn down.
  • jan2138: #yieldhogs: $JMI & FSC; I have added to both today. $FSC is a $BDC which has maintained the monthly #dividend for almost 2 years. With the gap down today, the yield increases to 11.29%, excellent for a BDC. I have also added to $JMI beaten down by the "expected" #dividend cut. The yield which now is 14.23, while not the old 20%+, is "livable". The .15 div. declared is good for the next 3 months and with the fed announcement, $JMI should be able to maintain the .15 rate or even raise it next quarter.
  • mkridge708: @DAN - 95% long-term "indexing plus a few (including individual equities and $CEF, $BDC, mREIT #yieldhogs)", 5% mad money.
  • jan2138: #yieldhogs: BDC's & Mtg. #reits; @Leapingelk asked about these sectors, and I said that I preferred the former to the latter in a rising rate environment. He, and I am assuming that @Leapingelk is a he because if it were a she, I would expect Leaapin ...
  • dave11: @jan2138 $BDC etf's, thanks so much for that post, do you have an opinion on the $BDC etf's BDCS or $BIZD ?
  • jan2138: @dave11- neither one yields enough to be attractive to me. BDCS is an $ETN which is a debt security of $UBS maturing in 20141. As such, it attempts to track the Wells Fargo $BDC Index but is really an unsecured debt obligation. If you are interested, you should check the $UBS website. You can get a good deal of info. at www.quantumonline.com. $BIZD is a traditional $ETF which invests in BDC's and has assets unlike BDCS. It has many names I am long but many I am not because of the "low" yields. One of @Lou's favorites, $ACAS, is 8.58% of the portfolio. You can get info. on this at the same website which has links to the issuer. Hope this helps.
  • Lou: $PSEC - one of my larger holdings as well. Other than $ACAS (now a disqualified BDC) the only $BDC I own.
  • jan2138: #yieldhogs; @Iceman; at some point, these tax free yields and 10+ % discounts to $NAV will begin to attract more bids. The yields, Fed tax free are higher than $BDC preferred stock yields. NLY.PR.A yields 7.85. $VGM,VMO et al are yielding more than 7%. The value is there. The market is what it is but at some point, these will turn up.
  • jan2138: #yieldhogs: NMFC; reported and looks good for the #dividend. In addition, they declared a .34 #dividend and a .12c special #dividend with an ex date of 8/16/13. Rising rates for this $BDC will increase interest income net of interest expense as 88% of assets are floating rate. I am adding more today and with any pullback, I will add more. ex date for regular .34 div. is 9/12/13.
  • jan2138: #yieldhogs: Mtg.#reits; I waded through the reports for the reporting mtg. #reits, real page turners, and for the most part, the stories were similar. There did not seem to be any that suffered the scenario painted by $AGNC earlier. Book values were ...
  • lizzaanne: BDC? Hi @Dana, I've been away from the forum for quite awhile and have been trying to get back up to speed. Would you be so kind as to enlighten me what $BDC is referring to? Thanks, & always all the Best to you. :-)
  • parrothead11: $BDC - @lizzaanne - It appears others are busy trading and not to step on @jan2138's toes, just to save him some time. Business Development Company.
  • wildfire3d: $BDC - some bdc's are $TICC NMFC $PSEC OXLC
  • jan2138: ...
    Action today probably a reaction to the news about Detroit. These holdings have very little exposure to the Detroit credit. Fears may include the perception that there are other municipalities facing similar problems which is, of course, factual. Ma ...
  • Lou: $PSEC - chairman, who holds a humongous number of shares, claims that he always reinvests all dividends under the company DRIP. 'nuff said! Remeber though, you still may need some of the cash for taxes on the dividends. This is one of my two favorite BDCs (I'll call $ACAS a $BDC even though it is technically taxed as a $S corporation until it uses up TLCF). @Lou @Lou
  • jan2138: #yieldhogs: FSFR; perhaps you noticed that there was a recent IPO and $FSFR raised 100 million or so. This new $BDC will be managed by Fifth St. Management LLC which is the same entity that manages one of our #yieldhogs, FSC. Will be interesting to watch this one develop as it invests the proceeds and starts paying dividends.
  • jan2138: #yieldhogs: NMFC; this is a new one for me. I have taken an initial position in this $BDC which is currently yielding "only" 9.42%. New names in the $BDC sector yielding in the 10+range worth owning are getting harder to find. BTW, it was started at ...
  • jan2138: #yieldhogs: I am alive. When the market does what it has been doing to the high yield issues, I find it best to stop watching mostly because I do not want to be tempted to enter or add to positions that look way oversold and like extremely attractive ...
  • jan2138: #yieldhogs:OXLC; this is a $CEF, which I include in my $BDC portfolio, now trading at a discount to NAV. It has had a nice run since the beginning of March. It buys up corporate debt instruments which can be classified as high yield in nature. The ma ...
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  • jan2138: #yieldhogs: FSC; late yesterday, I posted that $FSC is issuing 13.5 million new shares of equity today. In a.h. trading, it pulled back almost 2% to what I saw @ 10.80. I do not know what the issue price is, but we should see it before the open. Not ...
  • jan2138: #yieldhogs: TICC; after seeing the recent downgrade by $WFC to "underperform" from "Mkt.perform", the gap down resulting from the recent stock offering, and the period of consolidation since then allowing the bb's to begin tightening, I revisited the div. history which shows a steadily increasing pattern since the 3/2009 qtr.. As a result, I decided to take advantage of what I perceive to be a pretty good set of circumstances, to add more @ 9.50. The yield #rhrn is 12.21% and with the recent stock offering, that should keep them busy for awhile and away from the equity market. This $BDC seems to concentrate on tech oriented credits but does not limit their scope to this sector. Nevertheless, tech is a good place to be and with the equity kickers BDC's often build in to their deals, I see a good possibility for a cap. gain opportunity to add to the generous #dividend.
  • davidm: $CYS @JAN2138 I have a fixed portion of my portfolio in high yielders and really cannot afford to bump that up right now, although I expect that to change in about 1 year. I only hold a few, pretty much equal weigh in $CYS and $IVR for mortgage related, $TICC and $PSEC for $BDC and smaller positions in $GGN and PBI. Average yield on cost basis is about 11.5%. As $CYS has been under performing I was thinking that it might be time to swap it out. I guess that I have only noticed the deceases in yield, but I'll take your word for that. I'll take a more of a look at them all over the weekend. I do hesitate to make any changes to this part of my portfolio, but probably should add a few more just for the sake of diversity. Thanks again for your input.
  • jan2138: #yieldhogs:Opportunity; with the gaps down resulting from new share offerings, the sympathy effect, and the market in general, our $BDC portfolio is worth reevaluating with the intent to enter or add. Imo, which is usually humble but not always, BDC's are a safer bet than the mtg. #reits because their loan portfolios are all on adjustable rate arrangements plus they have equity kicker arrangements with many of the deals they make. Thus, their margins are more likely to hold up than the mtg. #reits which have many other factors with which to deal.( W.C. has nothing on me.) Prepayments, the proceeds of which are invested in lower rate mtgs., fixed rate loans vs. rising cost of funds etc.. Don't get me wrong, I am in mtg. #reits and loving them #rhrn, but I am less nervous with BDC"s in this Bernank world.
  • jltrader: $PNNT @dagdog - just a note, $PNNT, another $BDC goes ex #dividend tomorrow.
  • elflock: $TCAP @woodman acc. to their 3.7.13 conference call, their $NAV as of 12.31.12 was 15.30. Maybe this isn't the most pertinent metric for a $BDC currently valued at 28-something but gives me pause cause in my simple way, I feel more comfortable when I own these instruments at a discount to NAV. (I own $TCAP btw) If this simple way of thinking calls for correction, would be glad to be educated on that point. Anyway, the management seemed upbeat nonetheless throughout the call, you can judge for yourself @ http://tinyurl.com/bh6q6ar And $TCAP gets high ratings at IBD except for accumulation/distribution that, I suppose could change the moment the institutions sense a bargain...
  • Poppy: $GGN - @prockow You might want to take a long look at $GGN long term weekly chart...I see downtrend all the way from many years ago... There are so many other stocks in the market including #yieldhogs universe...IMHO. The $BDC hogs may balance out your mREITs hogs better than metal sickly piglet...Check out $PSEC, $FSC, $VGR, $PBI and others @jan2138 has been mentioning. Also the muni cef's too $MHI has been good for me L/T. Good luck - don't let the metal blind you. @poppy
  • Lou: $ACAS @ 1Boston - no I didn't - I already have an outsized position, having owned it since late 2009 and 2010. Many of my shares cost as little as 2.88 and the bulk were purchased in the 4s and 5s. I last added early in December 2012 at 11.73. My average cost is in the 5s so I'm quite happy and now I'm just a cheerleader. That said, I still think that over time it will rise to 18-19 (NAV is 17.84 and increasing every quarter from earnings and buybacks, and when it finally does reach $NAV, the company will re-qualify as a $BDC and start paying dividends. @Lou
  • elflock: $BDC bubble? @jan2138 http://tinyurl.com/b9o2lf9 Would love to hear your take on this article if you're so inclined. Thanks.
  • elflock: @Lou & @jan2138 "...the Financial Industry Regulatory Authority...warned in January about one of the newest products being sold to retail investors: so-called business development companies, which hold the debt of small companies. Money in such investments grew to $4.5 billion last year from $8 million in 2008, according to $MTS Research Advisors." Don't know why they're referred to as "so-called" business development companies. Is there a distinction between a "so-called" $BDC and a BDC? Thanks.
  • cmac: $HRZN low ball bid, hoping to add to my mini-yield hog position. This is a $BDC focused on health care. It was very good to me in 2012 and I expect now that it reset its divy policy, that 2013 will be the same.
  • GregCra: #yieldhogs @ogas $BDC = Business Development Company - my simple understanding is they are in the business of lending money to other businesses.
  • jan2138: #yieldhogs: FSC; has announced an expanded line of credit from 380million to 415million with an accordion feature allowing for future expansion to up to 600million. So what, you say. It's very positive news in that there seems to be positive thinking about the credit worthiness of this $BDC whose life blood is available funds for expansion of their business. It might also delay the issuance of new equity as they can use borrowed funds to build the business to a point where new equity will be required. Hopefully, by then, the stock will have appreciated enough to make it less of an event for current holders.
  • marcus: #Yieldhogs FSC. @Dana I followed you into the waters again with FSC. To all- Motelyfool.com has a very informative article today (the first one listed in search) titled "is $FSC the perect stock". It gives an interesting overview on $BDC core focuses and mentions some of our Hoglets- worth a look. marcus
  • jan2138: #yieldhogs: MCC; I have taken the opportunity to add to this $BDC with the gap down caused by the dilution fears resulting from the follow on offering of 5 million shares of equity. I like the #dividend history in the short life of this enterprise and expect positive things as time goes by. Just my view.
  • brucec: $NRF PSEC - @cainoftier - Added to both positions today. Prefer $PSEC over $AGNC - Just reported a great quarter - is expanding - solid balance sheet - not too levered with a nice portfolio of companies- This $BDC is oversold here imhp. Here's a link to the report http://tinyurl.com/cgcjffk.
  • dave11: $PSEC - Added to existing holding earlier today at $10.36, also searching for another $BDC to start a position in. Suggestions ?
  • jan2138: #yieldhogs: first, thanks to all of you for your kind thoughts and expressions of good wishes and prayers too during my absence from the forum. I am feeling much better and hope that my energy level will increase sooner than later so, I can be more o ...
  • snmtraders: #Yieldhogs@jan2138 Welcome back! I would add $AINV on the $BDC side -- trades below $NAV (8.30) and yields 10.1% at current price.
  • Poet: $NLY - Can anyone explain why some yield hogs are down hard (CMO, $CYS, HTS. NLY), while others are nearly flat (AGNC, $ARR, $FSC, $MTGE, RSO) and others are just down a bit (AGNC, $ARR, $FSC, $MTGE, RSO). Please no responses like "Those are the ones that are being sold the most. :-) That's my only take-away, since it's not related to yield, chart pattern, or investment type (REIT, MREIT, $BDC, etc.).
  • Poppy: $ARR @scgaryinv I think I can help with some names, but as to whether any of them are at a buy point...errrrr...don't know. Muni CEF: most muni cefs pay monthly div I'm long $MHI, other names are from @jan2138 list: $VGM VPV $NXZ PMM $CMU Note: $MHI is at new high $BDC [business development companies]: $PSEC MAIN $CEF [closed end funds] :AOD (I'm long this fund - because it's trading at a 6-7% discount to $NAV, it invests in global stocks that are not in the troubled part of Europe, mixed sectors for diversification, 13-14% YLD...etc). Do check out the portfolio in order to understand what you are investing in. I feel this stock is being thrown out with Europe being in a mess. I could be wrong. GL HTH @poppy
  • scorpino: $BDC phase 2 watching for the bounce (around 37?? ludicrous guess)
  • jan2138: #yieldhogs: Fundamentals; if you are long any BDC's or are interested in this sector, take some time and go to TCAP's website and look under the news releases for their recent updated Industry and Investor presentations. There are basic presentations of what a $BDC is with some very good info.. Also, there is a presentation discussing their own business plan and interesting stats showing their numbers vs. other BDC's in the sector.
  • jan2138: ...
    "#yieldhogs: OXLC; this was called to my attention by "@dragonfly", and it looked very interesting. The CEO is @Jonathan Cohen, the same fellow who is CEO of $TICC, a $BDC which I like and have added to recently. OXCL is a $CEF which was started in ...
  • southern: companies to report before the open: # $EAT, $OSIS, $AIT, $BGG, $SRI, $VPHM, $CTB, $ATK, $CCOI, $CNQ, $FUN, $GOLD, $ITG, $JRCC, $MFC, $NJR, OMG, $RDEN, $RGLD, SLE, $USPH, $ZEUS, $KOP, $MINI, $NOG, $BKR, $BR, $MHR, $PGNX, $AXAS, $CAAS, $FXCM, $KRO, $MKL, $SSRI, $THI, $WEN, $ACCO, $ADY, $AG, $AMCX, $BDC, $HNR, $HWCC, $KSS, $LIWA, $MPW, $RDNT, $WIN, KITD, $SNSS, $RRGB, $AAP, $TK, $TNK, $TSEM, $TUC, $CAE, and $NVO
  • snmtraders: $ACAS - Several of us are in this $BDC, but I think @Lou was the one who got me interested some time ago. Go to the forum index and search on $ACAS, and you will find loads of info on SMM thoughts on this one from recent and past posts, @Terry.
  • MartySS: I am also interested in some #RHRN picks for the $BDC and mReit areas if you have some timely entry picks. Thanks
  • jan2138: #yieldhogs: @sueinvenice; I added some $EOD on 7/24/12 @ 7.73 when it hit the 200 day sma on a #dividend adjusted chart. You might check the post I made describing why. I would not add here but am waiting for it to pull back again which it does with regularity. The next ex date will be in early September, and I will add some before then if it gets down close to the 50 day sma which is currently @ 7.79, just above the 200 day. Just a suggestion. It's not a mtg. reit or $BDC although I like the latter sector.
  • jan2138: #yieldhogs: did a little work over the weekend on my $BDC positions. Saw the following: FSC: yld. 11.31%; $NAV 9.87, market then 10.16, premium 2.8%. PNNT: yld. 10.51%; $NAV 10.38, market then 10.66, premium 2.7%. PSEC: yld. 10.87%; $NAV 10.82, market then 11.21, premium 3.6%. TCAP: yld. 8.78%; $NAV 15.12, market then 22.78, premium 50.6%. TICC: yld. 11.24%; $NAV 9.50, market then 9.62, premium 1.2%, Does one of them seem to stand out for any reason? $TCAP has been a great performer for me as the yield and premium to $NAV might indicate. So, I decided to continue to reduce what had become an oversize position in $TCAP as I posted last week and add to $TICC picking up 246 basis points in yield. I continue to hold a decent size position in $TCAP but am watching it closely.
  • jan2138: #yieldhogs: OXLC; this was called to my attention by "@dragonfly", and it looked very interesting. The CEO is @Jonathan Cohen, the same fellow who is CEO of $TICC, a $BDC which I like and have added to recently. OXCL is a $CEF which was started in early 2011. It currently is trading at a 15% discount to the 17.05 $NAV and is yielding 15.18%. 6 distributions have been paid including a stub amount in 4/2011. Since then, .50, .50,.50, .55 & .55, all from earnings. I entered with 3 purchases, 1 yesterday and 2 today. It is a very thin trader currently so, it is difficult to get a good fill if one is impatient. It is definitely not one that can be traded actively. I am including this in my $BDC portfolio because it is a R.I.C. and invests in corporate debt. If you want more info., it's available on their website.
  • dividend135: $PSEC is a $BDC according to the company's web page Prospect Capital Corporation (NASDAQ: PSEC) is a leading provider of flexible private debt and equity capital to sponsor-owned and non-sponsor-owned middle market companies in the United States and Canada. $PSEC is a publicly-traded closed-end investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940, as amended. $PSEC is managed by Prospect Capital Management LLC. http://www.prospectstreet.com/corporateprofile.aspx?iid=4092630
  • Henry: $TCAP What news? It's a $BDC, they do those kind of deals all year long. It's the power of the Money Maker Pattern. Go baby go @Henry long
  • Henry: ...
    $BDC is business development company. They finance small to medium size companies with loans, or buying partial interest in the company. In some cases the $BDC lends it's business expertise to help manage the company. The small companies have a va ...
  • GregCra: BDCs - @Jan2138 and @Stocking.. I was also wondering about this. $CYS is considered a $BDC but it's involved with mortgages just like a mReit. Am I, at all, diversified if I invest in $CYS and say AGNC?
  • jan2138: #yieldhogs: KCAP; here's one I have not looked at since 2009 when I looked at the suggestion of Miss Ellie but stayed away. They just increased their #dividend by 33% from .18c to .24c which caught my eye. The yield is now 14.12%, and it has been on a tear since mid May until Wednesday. I plan to look into it more closely but initially, it doesn't look too bad. If you have room for a $BDC, take a look. It goes ex 7/3/12.
  • jan2138: #yieldhogs: FSC; if you are long this $BDC, I recommend you read their recent newsletter for June 2012. You will feel better about youre commitment in this name.
  • jan2138: #yieldhogs: PSEC; chart looks beautiful. They announced that they have closed 500 million in deals this quarter so far and have 400 million in the pipeline. They have raised 230 million with debt recently and have close to a 650 million line of credit. Nevertheless, this fast growing company is getting bigger and bigger and will eventually have to issue more equity so watch for SEC filings. I don't see any there now. They just closed out a very profitable financing giving them a 36% $IRR on their investment. I see this investment grade $BDC continuing to show decent results with increasing dividends. With a 10.72 yield, it's a keeper. But, watch for a pullback before entering if you like what you see. It will come eventually. Now, I am really headed out to the woods. Have a profitable day.
  • wildfire3d: #yieldhogs diversity - last march @jan2138 mentioned he tracks his hoglets in 8 sectors: BDC's; CEF's; Industrial; Mtg.#Reits; Energy; Preferreds; Tax Free Cef's; Telecom. $BDC (business development ) $CEF (closed end funds). perhaps @jan2138 would be good enough to post his current list, since it has been a while.
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