Replies to post #261100 on Naz News, Gappers and FLE's

[conelda]

opinion of a bond seller-fwiw. Build America Bonds are taxable bonds issued by municipalities. The Federal Government is responsible for paying 35% of the interest cost, so in a lot of cases, its cheaper for a municipality to issue taxable bonds than tax exempt. What Blackrock is doing is creating a long term fund made up of many different issues and charging you a fee for managing it. You can do better with essentially minimal difference in credit risk by buying individual bonds. You can find lots of issuers in Texas that have issued BABs.

[AD]

PSEC: VERY interesting issue Joe. They appear to invest prudently, and oh what a payout... 13%?

[AD]

Joe, as you'd expect, the broker replied that fees are the usual with bonds. I'm in them for the yield and 'safety' and it's working out well so far. Given my old days of gambling money away? I'm fine with that. I use this trading account to do my best to make a few $$. If I ever , ever get consistently good with it, it might even make a difference to my net worth. So far, the pros are beating me.

[baletwine]

PSEC (now about 13% yield) earnings:

PSEC Prospect Capital misses by $0.03; guides Q1 EPS in-line (9.30 -0.15)

Reports Q4 (Jun) net investment income of $0.25 per share, $0.03 worse than the Thomson Reuters consensus of $0.28. Co issues in-line guidance for Q1, sees net investment income of $0.26-0.30 vs. $0.30 Thomson Reuters consensus.

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http://finance.yahoo.com/q/ks?s=PSEC+Key+Statistics

Traded to 9 even so far AH.

Three year weekly chart.....