I placed some money into Fifth Street, specifically stocks $FSC and $FSFR at the end of last year. I know it's a rather risky company to bet on but it seemed like an interesting idea at the time, plus they had a huge dividend.
Anyways, fast forward to now... they announced a cut to their dividend and both of the stocks plunged quite a bit.
I bought FSC at 5.53 and FSFR at 8.94. They are not at about 4.31 (FSC) and 7.84 (FSFR).
Anyways, I'm seeing the stocks go down and down every day, and I'm wondering if I should keep holding on in hopes that it'll bounce back to that level (or maybe half way?) or just cut my losses and call it a night?
Any thoughts would be appreciated. :)
Thanks!
Submitted May 15, 2017 at 04:32PM by LadyGrey007 http://ift.tt/2qlaKOb
