Prospect Capital Corp (PSEC)

[mypenneys]

This stock has been around quite a few years I’ve owned it twice. Sorry I sold it in the $5.00 area..Originally held 5,000 shares paying 13 %. Now I just bought 100 shares at $ 8.00 I wouldn’t recommend buying above 8 because at 8 it’s paying 9% price. I won’t buy now unless it drops below 8 it’s been down to $4.50 area. At that price it was paying 16 %. It was a steal at that price and I didn’t buy it because I though they suspended the dividend I was wrong. I went to finance.yahoo and forgot to click on dividend twice so it didn’t show it was paying the dividend because stupid me didn’t look for it correctly. That was the biggest mistake I made about 2 years ago. 5,000 shares paying 300 dollars a month. $22,500. Pay back would have been 6.25 years at .72 cent a year dividend. It’s a great stock at the right price. So buy some at $8 dollars. Wait for it to fall back and keep adding. Cost average down
Frank. mypenneys