Blackrock Kelso Capital Corp. (NASDAQ:BKCC)

CAPS Rating: 3 out of 5

The Company provides middle-market companies with flexible financing solutions, including senior and junior secured, unsecured and subordinated debt securities and loans, and equity securities.

Recs

1
Player Avatar JackSparra (27.98) Submitted: 5/19/2011 11:40:32 AM : Underperform Start Price: $9.44 BKCC Score: +8.24

This rubbish was ramped on cnbc by that fat bitch for weeks and with the dividend i fell for it! its a damn ponzi scheme, doesn't pay cash dividend just gives out more stock, i lost a few hundred with this POS, get out before it goes to ZERO!

Member Avatar TheMaster777 (< 20) Submitted: 6/15/2011 1:34:35 PM
Recs: 0

I like the stock, but honestly for all the crass-ness, I think this could be the case.

How many times in the past 2 years have we seen this company crank-out/hemmorage more and more shares?
Why is it happening with such frequency?

Something doesnt smell right and although I am presently long, and I am typically fearless about buying low - good or bad (see PM good, or IDM bad) - I fear the "ponzi scheme" remark may be dead on.

Am I missing something or is this stock past its expiration date?

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