Fifth Street Finance Corporation (FSC)

[blackcat]

If you're strictly a short term trader, then yes, probably a good idea. Been reading all of the sources I can find about this new management and the divi cut and this seems to be pretty much the consensus

" Now dividends are going to be $0.06 from March to August 2015. That is $0.18 per quarter. I think this is easily sustainable. The company is in transition with this new management. While shareholders are feeling a bit flushed today, it is necessary for the company's long-term survival. I think the stock can be bought, and if you can get shares under $7.00, it is strong a bargain. The cut hurts. No doubt about it. But if you are in it for the long-term, then it's time to start accumulating shares. The more conservative dividend policy and setting distributions at a level that is covered by sustainable net investment income will lead to less volatility on earnings."

I'll watch it for it bit this morning before picking a buy price. Will continue to accumulate until it bottoms and turns around.