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Stephen Oakes is an experienced financial titan from New York who brings Wall Street to Main Street. Over the past 11 years, he has developed and tested the renown, Oakes Momentum System, which uses a unique constellation of technical indicators to find timely buy and sell points. He holds an M.B.A. in the United States (New York) and has studied internationally at the Reims School of Management in France.

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High Yield Dividend Play: MCG Capital (MCGC)

MCG Capital Corporation (NASDAQ:MCGC) is a solutions-focused financial services company providing financing and advisory services to a variety of small and medium-sized companies throughout United States with a focus on growth oriented companies. The Company’s portfolio consists mostly of companies in the communications, information services, media, and technology, including software and technology-enabled business services, industry sectors. (Source: Bigcharts)

I could not find a three-year monthly option on stockcharts so instead I will present the breakout from consolidation using bigcharts software. Remember that the longer a stock consolidates, the more powerful the move will be when it does occur. Although the stock is moving hard, I do expect a flag or some sort of pause in price in order to test new support and continue forward.

Some of the key high yield dividend play statistics include the following:
• Current Dividend Yield: 8.36% (Annual)
• Average Daily Volume Last Quarter: 438,664
• Return on Equity: 13.88%
• Market Capitalization > 1,171,907,000

MCG Capital MCGC
Source: Bigcharts

Our Recommendation: This is an excellent long-term play so if you are planning on holding on to this security for longer than a year you may want to place a 10-15% stop loss beneath your purchase price to give the stock room to maneuver.

Note: MCGC will not be placed in the Jutia Portfolio at this time due to our 5% stop loss requirements.

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  1. Could you help me start a small scale MCGC in My Home town MCG Capital Corporation (NASDAQ:MCGC) is a solutions-focused financial services company providing financing and advisory services to a variety of small and medium-sized companies throughout United States with a focus on growth oriented companies. The Company’s portfolio consists mostly of companies in the communications, information services, media, and technology, including software and technology-enabled business services, industry sectors. (Source: Bigcharts)

    I own stock in the company not much

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    Mary Seabury
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    1-352-383-2814

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