$4.40 -0.03 (-0.68%)
11/6/2009 4:00 PM

MCG Capital Corp (MCGC)

CAPS Rating: 4 out of 5

A financial services company providing financing and advisory services to small and medium-sized companies throughout the U.S. in the communications, information services, media and technology industry sectors.

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Member Avatar Larry2U (< 20) Submitted: 7/31/2007 12:31:24 PM : Outperform Start Price: $12.71 MCGC Score: -41.50

With a 11% yield, you've got to love this one!

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Member Avatar tamoeller (< 20) Submitted: 1/1/2009 1:14:33 PM
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Hi, Larry2U,On 07/31, you talked positively about the 11% yield on MCGC. I was certainly echoing similar thoughts at that time. At this point, what are your thoughts? I have talked to the company (they preferred to call me rather than answer my email), and their spokesman talked about the $9.00 book value of the stock and that they were obligated to distribute and would be reinstating the dividend "sometime" in '09.I am ambivalent about buying more at this price, or selling and taking a loss. I would appreciate your view. Thanks, tamoeller

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