About the Author

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.

See All Posts by This Author

High Yield Dividend Play: MCG Capital (MCGC)

December 6th, 2006 • Related • Filed Under

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.

There Is 1 Response So Far. »

  1. Comment by mary seabury on 7 December 2006:

    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

    I”M SERIOUS or something like or that helps the little man like firefighter police paramedics
    to invest in their future and for the kid’s and the average person on the street. with low conmission.

    Please let me know:

    Mary Seabury
    1415 East 9th Avenue
    Mount Dora, Florida 32757

    1-352-383-2814

    mcsproductions@gmail.com

Post a Response

You must be logged in to post a comment.