New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 11, 2013
08:58 EDTMCGCMCG Capital receives SBA green light letter
MCG Capital Corporation announced the receipt of a green light letter from the U.S. Small Business Administration inviting MCG to continue its application process to obtain a license to form and operate a second Small Business Investment Company. MCG began the application process during 2012 and recently met with the investment committee of the Investment Division of the SBA, which voted to permit MCG to advance to the second part of the process. The receipt of the SBIC application is subject to the approval of the SBA. If approved, the additional license would provide MCG with an incremental source of attractive long-term capital.
News For MCGC From The Last 14 Days
Check below for free stories on MCGC the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
April 21, 2014
08:14 EDTMCGCMCG Capital sees Q1 EPS (29c)-(27c), may not compare to consensus 7c
Sees Q1 net operating income per share 5c-6c. Sees Q1 net operating income $4.1M-$4.3M. The company expects to record between $23M-$24M of unrealized depreciation on its loan and equity portfolio, principally from two investments. Based on operational, financial and business challenges facing Education Management, Inc., the company expects to mark down its investment by approximately $15.2 million. Furthermore, the company reduced its valuation multiple for RadioPharmacy Investors and expects to mark down its investment by approximately $6.3M based on volume, pricing and supply-cost challenges facing the RadioPharmacy's core business. The investment and valuation committee of the board reviewed and made a determination with respect to the recommended fair value of each of the company's portfolio investments.
08:10 EDTMCGCMCG Capital names Keith Kennedy CEO
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use