December 28, 2018. Are the markets starting to stabilize???? We don’t know what the future holds, but we do know that virtually any position in the Core Portfolio is a buy. Everything is on sale. If you can handle the risk, now is the time to pick up holdings when they are cheap……….
yesterday we bought a very small position in SCA.
FUND DESCRIPTION: Stellus Capital Investment Corp. is an exchange-traded closed-end fund or a closed-end ETF that is officially described as a closed-end, non-diversified management investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940. INVESTMENT OBJECTIVE: The Stellus Capital Investment Corp. seeks to maximize the total return to its stockholders in the form of current income and capital appreciation. FUND STRATEGY: The Fund invests primarily in private middle-market companies (typically those with $5.0 million to $50.0 million of EBITDA (earnings before interest, taxes, depreciation and amortization)) through first lien, second lien, unitranche and mezzanine debt financing, often with a corresponding equity investment. FUND MANAGEMENT: Stellus Capital Management serves as investment adviser to the Fund.
With the polls showing Joe Biden leading as the Democratic Presidential candidate for 2020, we felt it important that we pass along this article, linked below. Yes folks, Biden is just as corrupt as all the rest of them in the Washington cesspool.
You owe the government a boat-load of money!!!! Go to the article link below.
The Census Bureau estimates there were 127,586,000 households in the United States in 2018. That means the $1,370,760,684,441.54 Christmas-to-Christmas increase in the debt equals approximately $10,743.82 per household.
Insiders are buying!!!!!!! Link below.
The last time insider buying spiked in this fashion, in August 2011, the S&P 500 was in the middle of a 19 percent retreat before staging a 10 percent rally in each of the next two quarters.
Read Newsmax: Insider Stock Buying Surges to 8-Year High | Newsmax.com