$FULL
Interesting, thanks will, I’ll look into this… 3 hours later from new Orleans, I’m presently listening to the conference call.
12.89 9.11
9.11 book value, average coupon rate is 12.89% ~ payments of $1.17/share per year.
Most of their statistics are better than your average bdc. 100% cash payments 95% senior secured credit facilities.
Present price of $7 with $0.924 of dividends per year.
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They aren’t overleveraged. Slrc has 0 leverage btw. I like that one and am daytrading it. I think I’ll daytrade this too… increase my yield while decreasing my risk profile.
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For $7 you get roughly 16.7% annualized return at present…. 13% of that is paid out in cash dividends. Not bad at all.
Do Not Lose,
CEO ARM Holdings LLC
** ** None of the above is intended as investment advice. I can't guarantee the information I gathered is from an accurate source. I may buy or sell any stock or security without prior notice.
Disclaimer: http://www.glenbradford.com/disclaimer.php
From: Will Thrower Sent: Sunday, January 01, 2012 5:36 PM To: Glen Bradford Subject: Re: next favorite
right now i only own mostly YLO and a little FULL. FULL is not terribly interesting, just a straightforward BDC trading at a 30% discount to NAV and paying a monthly distribution amounting to a 14% annual yield.
On Fri, Dec 30, 2011 at 3:31 PM, Glen Bradford wrote:
After dexo and lee and ylo, what is your next favorite?
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Do Not Lose,
CEO ARM Holdings LLC
** ** None of the above is intended as investment advice. I can't guarantee the information I gathered is from an accurate source. I may buy or sell any stock or security without prior notice.
Disclaimer: http://www.glenbradford.com/disclaimer.php
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Glen Bradford
Investor · Builder · Writer
MBA from Purdue. Former hedge fund manager. Holds 26 series of Fannie Mae and Freddie Mac junior preferred stock. Built Cloud Nimbus for Salesforce consulting. Author of Act As If. Writes about investing, building things, and the longest financial fraud in American history.
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