GSC Investment (GNV)

[mikembte2005]

Do you think that its still a great buy at about 1.88 a share? Looks like this is about a 50% discount to the NAV.

[OCwave]

I got the .411 div but not the shares. And I chose to have all shares so don't know why they gave me cash.

[welderfred]

Monday would be good

[OCwave]

Nope, not yet. TD told me I would have it on the 31st when I called. Called again today and they said it should be there Monday.

[welderfred]

Has anyone got there divi here yet

[OCwave]

Still haven't received my div.

[OCwave]

Has anyone got there shares or div yet?

[welderfred]

GSC Investment Corp. Declares $1.825 Dividend Per Share

NEW YORK, Nov. 13 /PRNewswire-FirstCall/ -- GSC Investment Corp. (NYSE: GNV), a business development company, today announced that its Board of Directors has declared a dividend of $1.825 per share payable on December 31, 2009 to common shareholders of record on November 25, 2009. The dividend includes the balance of the Company's fiscal year 2009 taxable income and a significant portion of the Company's fiscal year 2010 taxable income.

Each shareholder may elect to receive up to $0.25 per share of the dividend in cash; the remaining $1.575 per share of the dividend will be paid in shares of the Company's common stock in accordance with IRS Revenue Procedure 2009-15, which allows a publicly-traded regulated investment company to distribute its own stock as a dividend for the purpose of fulfilling its distribution requirements in certain circumstances.

The Company will mail an election form to receive cash or common stock only to registered shareholders promptly after the November 25, 2009 record date. Registered shareholders are those shareholders who own their stock directly and not through a bank, broker or nominee. The completed election form must be received by GSC Investment Corp.'s transfer agent, American Stock Transfer, prior to 5:00 p.m. (EST) on December 17, 2009. Registered shareholders with questions regarding the dividend may call American Stock Transfer at 866-668-6563. Registered shareholders who do not make an election will be deemed to have elected to receive 100% of their dividend in stock.

[OCwave]

You get .25 a share in cash and 1.575 in shares, so if you have 1000 shares you get 250.00 in cash and 1,575.00 worth of shares
1,575 divided by the close price say 2.90. You would get 543 shares bringing your total to 1543 shares.

[mlkrborn]

can someone explain so called dividend?
tia

[OCwave]

Today is the last day to buy to get in on the div. Monday is the ex date which means it will drop in price of the amount of the div.

[Fast Flyer 03]

Already up 0.17 in after hours from yesterday. Currently 2.96 look for recovery from yesterdays manipulation. Remember Fred,this pays a divi of $1.85 per share. They will try to get it lower as word gets around to accumulate as many on the low end as possible. But with such alow O/S eventually this will move quickly higher as the shares become more scarce and people hold as the 25th is the drop dead date........No worries here. Just some MM play as usual. As for TAMB,SNV,CBBO,DRL and quite a few others, look for higher gains forcasted after the New Year. Small gains will come and go but do not seeek substantial gains until 3rd quarter 2010............FF03

[Fast Flyer 03]

Yes, Fred expect a nice rebound. Just some MM manipulation going on to get as many as they can on the low end.

[welderfred]

Bargain time here , get them while there cheap .GNV looking good

[welderfred]

All over them Mr Flyer . GNV looking great .

[Fast Flyer 03]

Huge GAP!!!!!!!!! Keep an eye on CBBO,SNV too FRED!!!!!

[Fast Flyer 03]

Very true Fred, but make sure to closely watch this come the 31st of Dec. As many will try to unload once they obtain this bonus Divi. You want to be up front incase of a sudden selloff. or the company starts to dilute shares at the higher PPS level to make up for the free divi they are giving out.

[welderfred]

Seems like a NO brainer on this Mr Flyer , big bucks coming down the pike on GNV . Great news on the DIVI

[Fast Flyer 03]

Should be seeing some good green if you hold for the full amount Fred!!!!!!!!!!!

[welderfred]

Will be all over this thanks Mr Flyer

[Fast Flyer 03]

Time to get my feet wet!!!!!!!!!!!!!!!!!!!!!!!!!!!

[Fast Flyer 03]

Time to get my feet wet!!!!!!!!!!!!!!!!!!!!!!!!!!!

[MACH2]

ldzi,

Nordic American Tanker reports loss, cuts dividend

(6:24 AM ET) LONDON (MarketWatch) -- Nordic American Tanker Shipping /quotes/comstock/13*!nat/quotes/nls/nat (NAT 29.93, -0.90, -2.92%) said it swung to a second-quarter loss of $137,000, as net voyage revenue dropped to $29.7 million from $63.2 million. It earned $35.5 million in the year-earlier period. It said earnings per share from continuing operations were 9 cents a share. Analysts polled by FactSet had expected earnings of 5 cents a share. The company will pay a dividend of 50 cents per share on or about Sept. 4, 2009, to shareholders of record as of Aug. 21, 2009, down from 88 cents in the first quarter. (Corrects loss.)

INTERESTING WORDING...."(CORRECTS LOSS)". What does that mean? Will the third quarter divi be back to .88/share if revenue picks up?

ldzi note, in the past three years (2006/2007) Nordic had a spate of loosing quarters....it still paid out above 12% divi. In mid 2007 it posted two consecutive loosing quarters and cut the divi to .40/share from 1.17. Subsequently Nordic posted 5 consecutive profitable quarters raising the quarterly dividend; 1.18, 1.60, 1.61, .87 and .88....a bit reactive wouldn't ya say.

Actually the whole industry has slumped and may be due a
resurgence.

DJ US Marine Transportation Index



Even though it cut the dividend in the out quarters to .12.5/share, I'm hanging on to my 2000 shares of GMR.

[dealorfx]

hey, whats going on here with this one MACH????

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[dealorfx]

sometimes I hate it when Im too busy to do more analysis...



guess I gotta stay off the golf course

http://stockcharts.com/charts/gallery.html?GNV

[dealorfx]

where are you?????


bro

[dealorfx]

started building a position here again on pure speculation.


and the band played on.

,,,,,$$$$$

[bradakus]

Looking good!

[Alex Chory]

ok Im shootin a message off......

hang in there

[Alex Chory]

ok, Im here, this is me, Alex Chory, the one and only


how may I be of service?

[yosemutysam]

bing let me know this is u bryn

[Alex Chory]

HUN closes the week in the RED


lions and tigers and bears OH MY!!!!

[Alex Chory]

MACH, are you buying any HUN??????



let me know.

[MACH2]

Oh, don't mind me....I'm just grabbing at straws

Engulfing Bullish


Pattern: Reversal
Trend: Bullish
Reliability: Moderate

[MACH2]

I guess the question now is how much will the stock drop between now and close of business May 30 2008.

[Alex Chory]

GNV earnings out, not real good and NAV decreased

so if they go with the equity route, GNv will be like TICC

looked like a few writedowns

===============================================================

Net asset value was $11.80 per share as of February 29, 2008

GSC Investment Corp. Announces Fourth Quarter and Fiscal Year 2008 Financial Results
Thursday May 22, 4:20 pm ET


NEW YORK--(BUSINESS WIRE)--GSC Investment Corp. (NYSE:GNV - News), a business development company, today announced results for the fourth quarter and fiscal year ended February 29, 2008.
Fiscal Year 2008 Highlights


Completed IPO in March 2007
Entered into a $100 million three-year revolving credit facility in April 2007
Purchased over $325 million of assets in fiscal 2008
Closed $400 million collateralized loan obligation fund in January 2008
Net investment income of $10.7 million or $1.38 per share (weighted average basic and diluted) for the fiscal year; net investment income of $2.56 million, or $0.31 per share (weighted average basic and diluted) for the three months ending February 29, 2008
Adjusted net investment income of $2.9 million or $0.36 per share for the three months ending February 29, 2008
Realized gains and net investment income of $1.89 per share (weighted average basic and diluted) for the fiscal year
Declared $1.55 per share in dividends for the fiscal year; declared regular fourth quarter dividend of $0.39 per share and a special dividend of $0.18 per share
No non-performing or delinquent investments at the end of the fiscal year
Operating Results

“We are pleased with our first year operating results, particularly during this challenging period in the credit market,” said CEO Thomas V. Inglesby. “We were able to pay an attractive and high quality dividend by rapidly leveraging the capital from our IPO with long-term financing and using our investment sourcing ability to quickly assemble a diversified portfolio of seasoned, income producing assets.”

For the full fiscal year, GSC Investment Corp. reported a net loss of $5.5 million or $0.70 per share. These losses were primarily due to $20.1 million of unrealized depreciation in the Company’s portfolio due to write-downs in the fair value of the Company’s investments. Net investment income for the fiscal year was $10.7 million or $1.38 per share.

For the fourth quarter, GSC Investment Corp. reported a net loss of $9.4 million or $1.13 per share. Net investment income of $2.56 million or $0.31 per share for the quarter was offset by net loss on investments of $12 million or $1.44 per share. The net loss on investments was due primarily to $12.8 million of net unrealized depreciation in the Company’s portfolio due to write-downs in the fair value of the Company’s investments.

Adjusted net investment income was $2.9 million or $0.36 per share for the fourth quarter. The adjustments included a $0.1 million add back of federal excise taxes and a $0.3 million add back of the write-off of deferred financing, which is a non-recurring charge.

Net asset value was $11.80 per share as of February 29, 2008.

“Our investment philosophy is to buy and hold income producing investments with solid credit fundamentals,” said Mr. Inglesby. “As a low levered finance company, we have the ability to withstand short-term mark-to-market volatility while pursuing our investment objective of generating current income from a stable and diversified portfolio.”

Portfolio and Investment Activity

“The credit quality of our portfolio remains strong, despite the ongoing challenges in the credit market,” said Mr. Inglesby.

As of the end of the fiscal year, all 46 of the Company’s investments were current on their principal and interest payments, and were being accounted for on an accrual basis. During the fiscal year, there were no payment defaults in the Company’s portfolio; two investments became delinquent during the fiscal year but cured prior to default.

As of February 29, 2008, the value of the Company’s portfolio was $172.8 million. The Company had 46 investments in 38 portfolio companies with an average investment size of $3.8 million and a weighted average maturity of 3.8 years. The average investment in each portfolio company is $4.5 million. The overall portfolio composition consisted of 15.3% first lien term loans, 36.1% second lien term loans, 18.3% senior secured notes, 13.5% unsecured notes, 16.7% structured finance securities and 0.1% equity/limited partnership interests.

During the fiscal year, GSC Investment Corp. made investments in an aggregate principal amount of $327.1 million and experienced $129 million in aggregate principal amount of exits and repayments, resulting in $198.1 million in net investments by aggregate principal amount.

For the fiscal year, the Company had approximately $3.9 million of net realized gains. The most significant realized gains for the year were $1.0 million and $1.7 million attributable to the repayment of the Strategic Industries’ Second Lien Term Loans and the repayment of the Sportcraft, LTD Second Lien Term Loans, respectively.

During the fourth quarter, the Company received cash proceeds of $3.5 million in respect of a 30% partial repayment, at par plus all accrued interest, of its investment in the McMillin Companies LLC senior secured notes; this repayment resulted in a reversal of unrealized loss of $0.6 million and a realized gain of $0.2 million with respect to the repaid portion of the investment.

In January 2008, the Company purchased the entire $30 million subordinated notes tranche of GSC Investment Corp. CLO 2007, Ltd., a $400 million CLO that the Company manages. As of February 29, 2008, the GSC Investment Corp. CLO had $372.9 million in aggregate principal amount of investments and $40.3 million in uninvested cash.

“GSC Investment Corp. is able to utilize the CLO’s low priced, long-term financing to invest in a portfolio of high quality income producing assets at attractive prices,” said Mr. Inglesby. “We were very pleased to be able to leverage the GSC Investment Corp. and GSC Group platforms to raise a CLO during this market dislocation. Over the past 12 months only a small number of such funds have closed.”

In April 2008, one of the Company’s portfolio companies, SILLC Holdings (“SILLC”), entered into an agreement to sell 100% of its subsidiary, GST AutoLeather, Inc., to a third party. On May 21, 2008, we received a notification of repayment, at par, of the SILLC Second Lien Term Loan (of which the Company holds $23 million in aggregate principal amount). Such repayment will result in the reversal of the $2.6 million unrealized depreciation recorded in fiscal year 2008 and a realized gain of $0.2 million in the first quarter of fiscal year 2009.

After the retirement of SILLC’s second lien term loan, the Company will have only two investments, excluding its CLO, that account for greater than 5% of the Company’s investment portfolio.

As of February 29, 2008, the weighted average current yield on the Company’s first lien term loans, second lien term loans, senior secured notes, unsecured notes and structured finance securities were 8.1%, 10.8%, 11.5%, 12.2% and 8.2%, respectively, which results in an aggregate weighted current yield of 10.3%. As of February 29, 2008, 33% or $57 million of its interest-bearing portfolio was fixed rate debt with a weighted average current coupon of 11.7% and 50.2% or $86.8 million of its interest-bearing portfolio was floating rate debt with a weighted average current spread of LIBOR plus 5.8%.

Liquidity and Capital Resources

As of February 29, 2008, the Company had borrowed an aggregate of $78.5 million under its revolving facility and had $21.5 million of undrawn commitments remaining. During the fourth quarter, the Company consolidated its credit facilities to allow for additional borrowing capacity and expensed $0.3 million of unamortized deferred financing costs associated with the terminated facility. These expenses are non-cash and are non-recurring.

Dividend

On March 10, 2008, GSC Investment Corp. paid a dividend of $0.39 per share. During the 2008 fiscal year, the Company declared $1.55 in dividends, including a special dividend of $0.18 paid on January 28, 2008.

On May 22, 2008, GSC Investment Corp. declared a first quarter dividend of $0.39 per share payable on June 13, 2008, to common shareholders of record on May 30, 2008.

2008 Fourth Quarter Conference Call/Webcast Information

When: Friday, May 23, 2008, 10:00 a.m. Eastern Time (ET)

Call: Interested parties may participate by dialing [phone] (U.S. and Canada) or [phone] (outside U.S. and Canada).

A replay of the call will be available from 1:00 p.m. ET on Friday, May 23, 2008 through midnight Friday, June 6, 2008 by dialing [phone] (U.S. and Canada) or [phone] (outside U.S. and Canada), passcode for both replay numbers: 5877946.

Webcast: Interested parties may also access a simultaneous webcast of the call by going to http://ir.gscinvestmentcorp.com/events.cfm. A replay of the webcast will be available from 1:00 p.m. ET on Friday, May 23, 2008, through midnight Friday, June 20, 2008.

About GSC Investment Corp.

GSC Investment Corp. is a specialty finance company that invests primarily in first and second lien loans and mezzanine debt of private, U.S. middle-market companies and high yield bonds. It has elected to be treated as a business development company under the Investment Company Act of 1940. The Company also opportunistically invests in distressed debt, the debt and equity securities of public companies, and collateralized loan obligation vehicles. The Company draws upon the support and investment advice of its external manager, GSC Group, an alternative asset investment manager that focuses on complex, credit-driven strategies. GSC Investment Corp. is traded on the New York Stock Exchange under the symbol “GNV.”

Forward Looking Statements

http://biz.yahoo.com/bw/080522/20080522006042.html?.v=1

[Alex Chory]

Gartner Group, possible play

[Alex Chory]

I was lucky to get in THRX under $14 this morning

[MACH2]

Anybody used one of these things before? I got a wife that can't read a road map....!

http://www.tigerdirect.com/applications/searchtools/item-Details.asp?EdpNo=3084615&sku=G145-0138&cm_mmc=Email-_-Main-_-WEM1624-_-GPS&SRCCODE=WEM1624C

[MACH2]

Yup! Hey I gotta run.....rentors are rearing their ugly heads!

[Alex Chory]

I put this one up a few days ago didnt EYE?

[MACH2]

Stagnant...awaiting earnings news!

Hey, that is a reversal doji GNV is printing and the Bollingers keep narrowing down to give an image I remember from my youth "The ever ready fertility idol"!

Inverted Hammer / Gravestone Doji Bullish



Pattern: Reversal
Trend: Bullish
Reliability: Low/Moderate

How to Identify it

Small real body at the lower end of the trading range
Upper shadow usually no more than twice as long as the real body
No (or almost no) lower shadow
What it Means

As the market opens below the close of the previous day, the bulls rally briefly, but not enough to close above the previous day’s close. As this leaves shorts in a losing position, the Inverted Hammer presents the potential for an upcoming rally. Confirmation of the trend reversal would by an opening above the body of the Inverted Hammer on the next trading day. If the open and the close are identical, the indicator is considered a Gravestone Doji. The Gravestone Doji has a higher reliability associated with it than an Inverted Hammer.

Bollingers

[MACH2]

That was the stunt that ARSD pulled on us....I am so pizzed at Arabian American!

[MACH2]

I got ya and one coming back at ya.

Looks like I'm stuck with "rights" now what the hell do I do with them other than ignore them?

http://bigcharts.marketwatch.com/advchart/frames/frames.asp?symb=TICCR&time=&freq=

[Alex Chory]

YESTERDAY SELLOFF IN KCI WAS A MMs dream, take out all the stops


but NOOOOOOOOOOOOO I kept mine way below the average on this one,,,,,

boo boo boo yaaaaaa

thank you maaaaaaaadddddddddd money

[Alex Chory]

NICE CUP AND HANDLE FORMATION ON THRX





check your email

[matt24d]

OK I get ya!!

[MACH2]

Okay, OK, I was mostly pulling Chory's chain....I like to inspire a soulful comment out of him...my action is socially redeaming in as much as I respect the proposition that he delves deeper into the financials of a Co, much deeper than I do. His reclama benefits us all.

[matt24d]

I disgree. If your talking about QTWW it is undervalued. The 25% stake in Asola alone is worth a ton.

[MACH2]

Bears watchin, Way overpriced! Check your e-mail