Chasing value while getting a 16 percent yield

When you run across a stock with a 16 percent yield you at least have to check out the story. Prospect Capital Corp (PSEC) is just such a company. Last week, PSEC declared its 20th consecutive increased dividend.

In sharing my adventures and opinions in the investment world I try very hard to be candid without crossing the line into being a promoter. That said, I have been buying stock regularly over the last 12 months and buying on fear has paid off handsomely. As the market has catapulted upward since March, the opportunities have diminished. However, I did add PSEC in the last month.