Euro’s Woes Will Be Tough Test
The European single currency is facing its toughest test since inception in 1999 as the public finances of some of its 16 member nations slide deeper into crisis. The euro itself has slipped off recent highs, but isn’t showing signs of a rout. [Read the full article]
The stock market is not without its share of companies that, for one reason or another, look destined for a prolonged period of difficult operations. As Buffett often quips, it’s often better to leave these businesses alone, because it’s easier to “walk over one-foot hurdles than jump over seven-footers.” As always, there’s great wisdom in Buffett’s remark. The following small cap names have indeed dealt with years of difficult times, but for one reason or another, possess attributes that could create value. Get Free Stock Analysis By Email IN PICTURES: Eight Ways To Survive A Market DownturnSee For YourselfThe first company, CompuCredit (Nasdaq:CCRT), may be one of most shunned stocks today, partly because it occupies a highly controversial industry: the underserved consumer credit market. In other words, CompuCredit helps those who are unable to obtain a traditional credit card gain access to credit. [Read the full article]
Fifth Street Finance Corp. (NYSE:FSC – News) (“Fifth Street”) today announced that its Board of Directors declared a cash dividend of $0.30 per share for the second fiscal quarter of 2010, an increase of 11.11% from the previous fiscal quarter, and its second consecutive increase in the quarterly dividend.
“As Fifth Street originates more deals, we expect our quarterly dividend to continue to increase during the year,” stated Fifth Street Finance Corp.’s President and Chief Executive Officer, Leonard M. Tannenbaum.
Dividends are paid from taxable income. Fifth Street’s Board of Directors determines quarterly dividends based on estimates of taxable income, which differ from book income due to changes in unrealized appreciation and depreciation of investments and due to temporary and permanent differences in income and expense recognition. [Read the full article]