Feb. 4 at 2:34 AM
$OXLC this is best case scenario as I see it. After some thinking and a considerable amount of Riseling. One caveat, i know alot of us longs (read: bag holders) have lost a considerable amount of trust in the management team, i push that aside and only state the facts im able to read in print. They are still 263.1m of newly issued or acquired CLO equity that has yet to make a distribution. 177.8m of it should go online in March. 48.2m in late June. 37.1m in late sept. This should help cash flow substantially. On top of that, cutting divy 50 percent should give me alot of dry powder for new investments. None of this will be an overnight success, but we might see a postive ER come out of it. Maybe some fluffy buy back, maybe some special divy etc. All these things would help investor sentiment. I think alot of weak hands sold out, and i completely understand why. RS, dilution, and cut of divy was a nasty blow to share holders, and sell off reflecting that.
