This is an update to the latest rankings for the 25 BDCs that I cover and a follow up to "BDC Rankings: March 2014" taking into account the latest reported financial results as well as updated pricing and valuations
By Sumit RoyWhile gold and silver get all the headline attention, a stealth rally has been taking place in another precious metal: palladium. Prices for the autocatalyst metal are now up 13 percent since the start of the year
Today, as we plumb the depths of the US economic food-chain in that last bastion for the improverished US consumer, dollar stores, we find that that staple for low-cost "everything" Family Dollar, which operates 8,100 stores around the country, will be shutting down 370 stores "as it tries to reverse sagging sales and earnings." It was not clear immediately how many thousands of workers would be affected by the store shuttering. We assume "many to quite many." And what do they say? Why, that "the US economic recovery is obviously stronger than ever" of course!
There are a billion people around the world who lack access to potable water, but the issue has never gained much traction on Main Street, Wall Street or the Capitol -- largely because the crisis is happening over there, rather than over here. But in...
Zecotek Photonics (ZMS.V) (ZMSPF) filed their financials for their fiscal 2014 second quarter ending January 31, 2014. Revenue remains tepid, coming in at just $41k and again clearly did not reflect the initial $500k order from Hamamatsu for the scintillation crystals which was placed near the end of July 2013 or the $1.5M follow-on order which was announced in November. Instead Zecotek indicated that most of the (insignificant) revenue to-date has come from companies that are testing the crystals prior to potentially placing larger future orders. Relative to Hamamatsu, Zecotek noted that they have started shipments to that company related to integration of the crystals into the new IDM modules which will be sold to third party PET OEMs. We have made some revisions to our model to reflect the delayed recognition (relative to prior expectations) of the recent Hamamatsu orders. We think the shipments will accelerate as the design of these new IDM’s using Zecotek’s crystals is finalized – which Hamamatsu continues to work to complete.
Uranium Energy (UEC) is one of a group of US-based junior uranium miners using In-Situ Recovery, or ISR, as a method to produce uranium. The company has been promoting a "hub and spoke strategy" for its properties in
It didn't take long for Russia to launch the first retaliatory salvo against the unexpected JPMorgan "act of aggression." Moments ago Bloomberg just reported that Sberbank, the largest bank in Russia and all of Eastern Europe, just halted the issuance of consumer loans in foreign currency. Bloomberg adds that "Sberbank, Russia’s biggest lender, holds 43.3% of nation’s consumer deposits, 32.7% of consumer loans and 32.1% of corporate loans."
STONY BROOK, N.Y. -- via PRWEB - Applied DNA Sciences, Inc. (OTCQB:APDN), (Twitter: @APDN), a provider of DNA-based authentication and security solutions, announced today that a Florida facility of Micross ...
Darren R. Schuringa, CFA, Chief Investment Officer, Yorkville Capital Management Darren Schuringa: Yorkville is an investment management firm focused on investing in U.S. energy infrastructure via master limited partnerships, or MLPs as they're more affectionately known. Two ways for investors to gain diversified exposure to the MLP asset class are Yorkville’s [...]
Martin O’Malley says he will sign a bill decriminalizing the possession of small amounts of marijuana. The bill would impose civil fines rather than criminal sanctions for carrying less than 10 grams of the drug.
HOUSTON, April 8, 2014 /PRNewswire/ -- Main Street Capital Corporation (MAIN) ("Main Street") announced today that it has priced a public offering of 4,000,000 shares of its common stock in an underwritten public offering. Pricing was set at $31.50 per share, and net proceeds from the offering, after deducting underwriting discounts and estimated expenses payable by Main Street, are expected to be approximately $121.4 million. Main Street has also granted the underwriters an option, exercisable for 30 days, to purchase up to 600,000 additional shares of common stock at the public offering price, less the underwriting discount. Main Street intends to use the net proceeds from this offering, including the net proceeds from any exercise of the underwriters' option to purchase additional shares, to initially repay outstanding debt borrowed under its credit facility, and then through re-borrowing under the credit facility, to make investments in accordance with its investment objective and strategies, to make investments in marketable securities and idle funds investments, to pay operating expenses and other cash obligations, and for general corporate purposes.
Emerge Energy Services (EMES +5.6%) is upgraded to Outperform from Neutral with an $85 price target, up from $50, at Baird as EMES increases production capacity by almost 70%. Baird sees substantial, high probability distrib