ATTN: Owners of WFC, it is time to SELL, SELL, SELL!!!

srh201srh201
in Everything Else
take the gains today and run. this morning was an excellent time to invest more cash into psec. they announced another increase to their dividend and at the start of trading, it was down to 11.50 again. it will close over 12.50 to finish the day even, but it is still a great time to get in!

Comments

  • XedXed
    the who? image



    think this is about stocks?
  • arch_8ngelarch_8ngel
    How has their eps been moving relative to their dividends? I'd love to have the confidence to go long on something right now...
  • srh201srh201
    go to EDGAR and read their financials. they didnt have a great q2 or q3 this past year (their FYE is 6/30), but overall, for the year, they did great and will only do better. if you are looking for a long-term position, go with psec, but if you are all about watching your portfolio every day, then this isnt the stock for you. it is small cap, and thus, comes with a LOT of price volatility. keep in mind that online savings give you around 2% APY. the yield with psec right now is about 12%. it would have been more if you bought it earlier this morning, but i digress. all you are looking for is to buy it for XXX, hold it for 5 or 10 years, sell it for the same price you bought it for, and just pocket all of the dividends each quarter.
  • arch_8ngelarch_8ngel
    Well, I've got a years worth of contributions just sitting in cash in my wife's Roth IRA...might be worth taking a position with some of that finally.
  • srh201srh201
    http://edgar.sec.gov/cgi-bin/browse-edgar?company=&CIK=psec&filenum=&State=&SIC=&owner=include&action=getcompany



    there ya go!
  • srh201srh201
    if you are looking for a fund, i love healthcare and VGHCX (vanguard healthcare) is a good investment. much less volatile than just putting it into a single stock, especially a small cap like PSEC. with the aging population, no matter what happens with energy prices and house prices and all of the rest of the shit that happens in this F'd up world, we will ALWAYS need healthcare, and with everyone getting older (like braveheart and dangevin), healthcare will only grow! image
  • arch_8ngelarch_8ngel
    I really want to like these guys because 12%+ is juicy, but reading through the full prospectus it looks like their net loss on investments over the last year exceeds the net gain from the previous two years combined. Also their weighted income is on a major decline over the past couple of years. I'm not sure these guys have a long enough track record to convince me to go long with them at the moment.
  • arch_8ngelarch_8ngel
    Well, if the government socializes healthcare, I think the future would be less certain.
  • srh201srh201
    net loss on investments? huh?
  • arch_8ngelarch_8ngel
    Nevermind, I'm a doofus. It was net realized losses and gains they were comparing.

    Of course those would have been large over the last year, but at least they're cutting the dead weight.



    The weighted income % is in decline, though, and I wonder at what point that will stabilize or improve.
  • srh201srh201
    r u referring to the realized losses on investments, which is part of the overall calculation of net income? ha, its essentially a PE company but not private. they dump things that they determine will not work. there will always be losses. keep in mind they went public only a few years ago. the growth of their investment income over the past 3 years has been extraordinary, as well as their net income. cash flows also look good. i love them
  • srh201srh201
    the issuance of common stock this year hurt the EPS amount, but i am unsure as to what you are referring to with the decline. EPS went up year over year from FY07 to FY08. it went down from FY06 to FY07
  • Braveheart69Braveheart69
    WOOT WOOT... WFC hit $37.88 interday today... sign of good things to come. All time split adjusted high was tomorrow's date last year when it closed at $37.99. Keep pushing... if WFC breaks $38 it could be over $40 in no time. Then I would probably sell it. I am worried that Wells Fargo might do something stupid like buy WaMu out. Every town in the country that has a WAMU has a Wells Fargo Branch already... trust me I worked there 10 years to know. That is way too many branches to divest or close/sell outright. Wells Fargo already bought Billions with a "B" in residential mortgage servicing contracts from Wamu a couple years back and I thought they were going to buy them then. Come on CitiGroup to buy WAMU!
  • arch_8ngelarch_8ngel
    I don't think Citi can afford to buy WAMU. They're on shaky ground themselves.
  • Braveheart69Braveheart69

    YES... $38.17 go baby go!!  Wow 50MM shares moved over average daily movement something is up, watch for aftermarket close announcement... maybe they did buy WAMU?

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