MCG Capital Corporation (MCGC)

[maverick one]

One of my top divs...under or near $5...stability and under radar. That was until Forbes shot an article out of their asses.

[BlackJack1963]

I agree with you so keep eye on it. Of course, I still hold it and also hold small shares. I am not wealth so I try to build up money growth for my retirement in least 15 years!

[Easy Money]

It's a good stock very stable great divvy! I'm still holding also, going extra loooooong on this one....

[BlackJack1963]

Yes, I collect dividend during I still hold shares of MCGC.

[Easy Money]

Extra divy? 7-13-2012, 8-31-2012 I'm liking )

[BlackJack1963]

My former "Taurus" of post in MCGC message board.
I bought some more MCGC last week. I am not worry about it went down but I keep eye on it for bonce then buy more.

[pack10]

Can you figure this stock out?

They announced a stock buyback some time back. I read a report that said the pps was under book value. Now we see earnings and they are poor to say the least. Is this company any good or what?

My broker seems to think its all about the economy? I wish I knew?

[conix]

MCGC chart

[conix]

MCG Capital cuts 42% of staff, net loss balloons

Washington Business Journal - by Tucker Echols
Date: Thursday, August 4, 2011, 11:16am EDT


MCGC said Thursday that it would reduce its workforce by 42 percent in a bid to save as much as $7.25 million by the end of 2012. The company’s quarterly loss soared tenfold in the latest quarter.

MCG, which makes loans and investments in small and medium-sized private companies, said it would lay off 22 current employees and eliminate the positions of five other employees already terminated as part of a restructuring to better serve future plans to invest more in debt. The reductions will leave it with a staff of 36 employees.

Total cost of the restructuring is expected to be approximately $4.3 million to $4.5 million. The company said those costs would be incurred during the remainder of fiscal 2011.

In the fiscal 2011 second quarter, ended June 30, 2011, MCG reported a net loss of $10.2 million, or 13 cents per share. That compares with a net loss of $800,000, or 1 cent per share, in the year-ago period.

Net investment loss for the quarter was $21.4 million due primarily to a $24.8 million reduction in the fair value of the company's investment in Broadview Networks Holdings Inc.

Revenue for MCG fell 2.6 percent to $21.2 million.

Investor reaction to the layoff and latest results was not positive. Stock in MCG (NASDAQ: MCGC) fell Thursday as much as 97 cents, 17 percent, to $4.55 — a 14-month low. MCG went public in 2001 at $17 a share.




Dividend sure does not look safe.

[Taurus]

I am excited to see MCGC begin climb up little bit also dividend!

[conix]

MCGC

[conix]

Chart on MCGC

[Taurus]

Is this bull unstoppable?
Learn why Jurrien Timmer believes the key is how—and when—the Fed exits its historic stimulus program.
https://guidance.fidelity.com/viewpoints/unstoppable-bull

[Taurus]

MCGC looks good with Distance/Acc build up.

Oh, I forget to say that already bought it last Dec. 10, 2010. :)

I will buy it more soon.

[conix]

MCGC chart, Taurus

[Taurus]

Yes, I consider to buy PSEC two weeks ago. I need to create Diversified Stocks in my portfolio.
I have ACAS with 130 shares. My limit shares because it has high volality. I love that is one! ACAS already climb up!

I bought CIM (REIT stock). Hmm

[conix]

PSEC pays monthly. Same kind of business as MCGC. I love these kinds of stocks. They pay you while you wait for the stock to go up. What's not to like? lol

[Taurus]

I did not get dividend because I bought it by Dec. 12, 2010. I use Fidelity Investment internet.

[conix]

Are you enjoying the dividends with MCGC?

[Taurus]

I bought MCGC last Dec. 10, 2010. I still hold it.

[conix]

MCGC chart

[TheBioTrader]

MCGC - Ascending Triangle on strong watch

[conix]

BB&T Capital Mkts raised its rating to BUY on MCGC. ALways good to see.

[conix]

They had the operating profit that was expected, but charge offs and writedowns made it $0.01.

[Johnstone]

Some folks on Yahoo finance are looking at this as a good quarter. This makes no sense to me. The company lost a cent vs. expectations of a 14 cent profit.

[conix]

MCG Capital Corporation Reports Third Quarter 2010 Results and Declares Dividend of $0.14 Per Share


ARLINGTON, Va.--(BUSINESS WIRE)-- MCG Capital Corporation (Nasdaq:MCGC - News) (“MCG” or the “Company”) announced today its financial results for the quarter ended September 30, 2010. MCG will host an investment community conference call today, November 2, 2010 at 11:00 a.m. (Eastern Time). Slides and financial information to be reviewed during the investor conference call will be available on MCG’s website at http://www.mcgcapital.com prior to the call.

HIGHLIGHTS

* Distributable net operating income, or DNOI, for the quarter ended September 30, 2010 was $12.4 million, or $0.16 per share.
* Net operating income for the quarter ended September 30, 2010 was $11.4 million, or $0.15 per share.
* Net loss for the quarter ended September 30, 2010 was $0.5 million, or $0.01 per share.
* Net investment loss for the quarter ended September 30, 2010 was $9.8 million, which represented 1.0% of the most recently reported fair value of MCG’s investment portfolio.
* During the quarter ended September 30, 2010, MCG made $69.1 million of advances and originations, including $49.3 million in debt investments to seven new portfolio companies. Payoffs and portfolio monetization activities totaled $126.3 million during the quarter.
* MCG’s ratio of total assets to total borrowings and other senior securities was 233% as of September 30, 2010.

DIVIDEND DECLARATION

MCG also announced today that its board of directors has declared a dividend of $0.14 per share. The dividend is payable as follows:

Record date: December 9, 2010
Payable date: January 6, 2011

[conix]

MCG Capital Schedules Third Quarter 2010 Earnings Investor Call for

November 2, 2010

[conix]

Dividends is the deal. Now if just more investos just discover it again

It is starting

[conix]

Chart on MCGC will start attracting investors

[conix]

MCGC Upgraded by FBR Capital from Market Perform to Outperform