Blackstone / GSO Strategic Credit Fund (BGB)

13.47
0.17 1.20
NYSE : Miscellaneous
Prev Close 13.64
Open 13.62
Day Low/High 13.45 / 13.69
52 Wk Low/High 12.94 / 14.13
Volume 539.72K
Avg Volume 199.90K
Exchange NYSE
Shares Outstanding 44.66M
Market Cap 502.92M
EPS 1.30
Div & Yield 1.24 (11.79%)

Latest News

Takeaways and Observations

"I understand that there's a certain comfort in crowds, as well as a distrust of the remnants of individual opinion. I suppose that's a function of the human condition, human spirit and human nature." -- Kass Diary, "You Gotta Be in It To Win It?"  ...

Takeaways and Observations (2:30 p.m. Edition)

"It aint the heat, its the humility." - Yogi Berra With 90 minutes to go in the trading session volatility is getting crushed and, arguably, euphoria is advancing as fear has left the building. Leadership remains narrow as the largest tech stocks ((...

Takeaways and Observations (Early Edition)

'Til April in Paris, chestnuts in blossom Holiday tables under the trees April in Paris, this is a feeling That no one can ever reprise - April in Paris, Vernon Duke and Yip Harburg - (rare video with Ella Fitzgerald!)  The market gapped higher and ...

Takeaways and Observations

"The modern mind is in complete disarray. Knowledge has stretched itself to the point where neither the world nor our intelligence can find any foot-hold. It is a fact that we are suffering from nihilism." -- Albert Camus My core theme today and thi...

Takeaways and Observations (Early Edition)

"Doug Kass wrote an article today about how he fears the lack of fear in this market. I agree with Doug that lack of fear is an issue, but it goes further than that. What this market has missed for quite some time is strong emotion. There may not be...

Takeaways and Observations: Market Reversal

"The rally in the face of today's data (detailed by Peter Boockvar in the previous post) tells me how much machines and algos dominate trading: a mild winter goosed construction jobs service job data is so-so ISM services has just given back the ent...

Takeaways and Observations

Let me teach you how to Dougie. Consumer confidence is a coincident/lagging indicator. And excitement over the print, is (quite frankly) "first level thinking." As support, check out these two charts of the day -- it's "second level thinking." Snap ...

Takeaways & Observations

I wanted to start by congratulating El Capitan for his 12th anniversary for Mad Money tonight. Like the Energizer Bunny, he keeps going and going...  HIgh yield gets junky -- despite protestations from Merrill's junk department! I have been warning ...

Today's Takeaways and Observations (Early Edition)

"I would describe today's market action as "benign." And that applies to almost every asset class." -- Kass Diary 104 trading sessions without a one percent drop in the indices. "Don't Think the Machines Could Turn to Selling? You've Forgotten 1987....

I Would Be Selling Junk Bonds and High-Yield ETFs 

As mentioned in my opening missive, high-yield bond prices have begun to exhibit a possible breakdown (in important moving averages) on the chart. Further, junk bonds seem to be decoupling with equities: Junk bond spreads -- against Treasuries -- ha...

Midday Musings

 Nice move off of the lows for Allergan . (More than +$3 for the homegamers!) My Generational Bottom in Bond Yields (last July) looks very much intact. Two basis points higher in yield today Today's three-year US note auction was soft. This is not s...

Takeaways and Observations

Perhaps we can make a parallel between the S&P Index and Snap . Today SNAP just fell (by nearly 15%), maybe the S&P will follow! Hey, a guy can hope.  After all, the irrational might now be rationalized. And here is how some hedge fund icons feel ab...

Takeaways and Observations

"Bull markets are born on pessimism, grow on skepticism, mature on optimism and die on euphoria." -- Sir John Templeton  DuPont (still on my Best Ideas List) and 3M accounted for 110% of today's gain in the Dow Jones Industrial Average.  It was the ...

Takeaways and Observations

  Fear and doubt seem to have abandoned Wall Street.  Dr. Hussman, while very much perma-bear, makes some good points in his weekly market commentary. See boldface.  As does my pal Sir Mark Grant on CNBC's Squawk Box.  I have reduced my large SPRD G...

My Takeaways and Observatons

"As to the markets, it trades like participants are sleeping off hangovers from partying hard during last night's Super Bowl thriller." -- "Is Another Lesson Soon to be Learned?"   With such little price action it seemed like a snore fest (see above...

My Takeaways and Observations

We are likely in a Trump-centric investment world in 2017.   My theme that the president will make market volatility and uncertainty great again, continues.    Consider the contrary, Part Deux.    Mo' gold and I will accumulate under any weakness go...

My Takeaways and Observations

Risk happens fast.    Is the presidential honeymoon over? One of the 10 questions I asked myself today.    "The Return of the Orange Swan?"    Has Boca Biff done it again? Another top call?    Ten questions. In particular, read my comments on Steve ...

My Takeaways and Observations

"The Dow hit 20,000 and I am proud of it ... Now we have to go up, up, up. It's gone up a lot since I won. We hit a number that has never been hit before. So, I am very honored." --President Donald Trump, ABC interview Wednesday night If the market ...

My Takeaways and Observations

The market pushed back presumably after it digested the inaugural speech and absorbed the marches around the world.   I don't believe the new president will be market and economy friendly.    The reflation trade is in question today.  And I remain b...

My Takeaways and Observations (Early Edition)

I had my most active day of the year trading. It was also my most profitable.   Regardless of one's market view, I continue to see more opportunities on the trading side vs. the investing side in the months ahead.   I started the day with a story re...

My Takeaways and Observations

I have a series of meetings this afternoon and tomorrow morning so I want to get "Takeaways" out early today. I started with what I think is an important opening missive, "Wary in an Uncertain World" in which I covered a number of bases. I truly bel...

My Takeaways and Observations

I wrote in my 15 Surprises for 2017 that Mr. Market may make a yearly high in the first two weeks of January. We are now wrapping up that period -- and I plan to expand my relatively small short exposure.   In other words, I am sticking to my script...

My Takeaways and Observations

I love gold.    Trade of the Week -- short Apple at $116.15. (The SoftBank investment is a non-event).   Dwyerama is chillin' and I am re-establishing my ProShares UltraShort S&P500 ETF  long -- back in a revolutionary mindset.    As January goes......

My Takeaways and Observations (3:30 p.m. Edition)

The markets started the day like Usain Bolt at the start of a 100-meter race. But, unlike Bolt, the finish wasn't as strong as the start.   I thought one of the day's features was the reversal in bond yields, particularly after the good data.    The...

My Takeaways and Observations

"Who you tryin' to get crazy with, 'ese? Don't you know I'm loco?..." -- Cypress Hill, Insane in the Brain 2017 will be the year of "The Dude."    My favorite large-cap long Allergan  and short Caterpillar   for next year.  AGN closed up by $4(!) wh...

The Good, The Bad and The Ugly in Today's Trading (Early Afternoon Edition)

"You see, in this world there's two kinds of people, my friend: Those with loaded guns and those who dig. You dig." - Blondie, "The Good, the Bad and the Ugly" Here's a quick review of today's market action: The Good Mr. Market continues to follow t...

My Takeaways and Observations (3 p.m. Edition)

Is it Friday, yet? My annual tribute to "El Capitan."    Tech drek?!!!???!    Hope? Nope! (1) Part 1 (2) Part II (3) Part III   Palm Beach Chronicles (Issue #2 Supplement)    You know what I am shorting; here is what I am buying.    Stocks meandered...

My Takeaways and Observations

"Be true to your teeth so they won't be false to you." -- Soupy Sales Have we entered a post-fact investment world?    I moved to large ProShares UltraShort S&P500 ETF   position as my freak flags show again. Viva La Revolucion!    Good stuff from t...