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#	AUTHOR DATE SUBJECT
19	member 12/08/14 8:17PM Anyone following with current perspective
Having been written up several times, wonder if anyone is still following with a current perspective to share. There isn't a high level of transparency regarding their businesses to derive the best independent approach to... login to read the rest view available tags
18	member 8/14/14 9:43AM RE: Update - Octagon monetization 17
Do we know how much they sold Octagon for vs. book? Do we know how large an investment Octagon was for them? Any updated thoughts? view available tags
17	member 6/06/14 10:03AM Update
Britt12, Are you still covering the name? If so, I'd like to hear your opinion on the Equus transaction. The Q was released this morning, not the best results due to the write downs in USG&E... login to read the rest view available tags
16	member 5/09/14 11:29AM RE: Thoughts, recent 8K? 15
I believe the market is over-reacting a bit as well, given if you are performing the background checks and due diligence beforehand, you can generally dodge shady situations like this. People must be worried about... login to read the rest view available tags
15	member 5/09/14 11:17AM Thoughts, recent 8K?
Britt, there's been substantial insider buying and the stock continues to decline but the 8K commentary (pasted below) might explain some of the decline but seems like an over-reaction given magnitude of potential loss and... login to read the rest view available tags
12	member 11/01/13 5:05PM RE: Remaining assets 10
Cfavenger, Unfortunately we have very little clarity into the remaining assets, outside of some qualitative descriptions of the remaining businesses. As we discussed in the write-up, we believe that the track record indicates that the Company... login to read the rest view available tags
11	member 11/01/13 4:43PM RE: Thoughts 9
David, I'm getting slightly different information regarding BDC dividend payouts. Distributions can be delayed until the end of the calendar year, for a given fiscal year (so USG&E payments will not need to be paid out... login to read the rest view available tags
10	member 10/25/13 2:59PM Remaining assets
Thanks for the writeup. Have you done any due diligence into MVC's remaining assets? In particular, did you get comfort that this isn't a case where the least salable assets are what is left over at... login to read the rest view available tags
8	member 10/24/13 11:41AM RE: BDC Valuation 7
MSG, This is of course a difficult question to answer. Without getting too far into theoretical valuation, in MVCs case we are comforted by the significantly above market returns (after fees) generated by the investment team.... login to read the rest view available tags
6	member 10/23/13 2:14PM RE: RE: RE: ongoing dividend 5
Generally, yes. The 45 cents / quarter is a little high, because the post dividend MVC would have book value of something like $13.50 - $14 / share, not $17.50, so would be paying maybe... login to read the rest view available tags
4	member 10/23/13 12:25PM RE: ongoing dividend 3
Going forward, we are hopeful that the ongoing dividend that MVC pays will increase materially. The average yield focused BDC pays about a 10% yield. Although it will take them some time to fully invest... login to read the rest view available tags
2	member 10/23/13 9:20AM RE: a few questions 1
Thanks for the questions: 1) Regarding the SBIC license, we have asked management several times about this, and they were not able to disclose anything specifically about the timeline, or even if they have applied. However,... login to read the rest view available tags

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			2013	2014
Price:	103.00	EPS	$3.28	$0.00
Shares Out. (in M):	69	P/E	31.4x	0.0x
Market Cap (in $M):	7,100	P/FCF	22.0x	0.0x
Net Debt (in $M):	1,100	EBIT	350	0
TEV (in $M):	8,200	TEV/EBIT	23.7x	0.0x
Borrow Cost:	NA

Description

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