This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Solar Capital Management Discusses Q2 2012 Results - Earnings Call Transcript

Solar Capital (SLRC)

Q2 2012 Earnings Call

August 01, 2012 10:00 am ET

Executives

Michael S. Gross - Chairman, Chief Executive Officer, and President

Richard L. Peteka - Chief Financial Officer

Bruce Spohler - Chief Operating Officer and Director

Analysts

Mickey M. Schleien - Ladenburg Thalmann & Co. Inc., Research Division

Arren Cyganovich - Evercore Partners Inc., Research Division

Jonathan Bock - Wells Fargo Securities, LLC, Research Division

Greg Mason - Stifel, Nicolaus & Co., Inc., Research Division

Casey J. Alexander - Gilford Securities Inc., Research Division

Justin Baker

Presentation

Operator

Good day, ladies and gentlemen, and welcome to the Second Quarter 2012 Solar Capital Ltd. Earnings Conference Call. My name is Chantilly, and I'll be your facilitator for today's call. [Operator Instructions] As a reminder, this conference is being recorded for replay purposes. I would now like to turn the presentation over to your host for today, Mr. Michael Gross, Chairman and CEO. Please proceed, sir.

Michael S. Gross

Thank you, and good morning. Welcome to Solar Capital Ltd's earnings call for the second quarter ended June 30, 2012. I'm joined here today by Bruce Spohler, our Chief Operating Officer; and Richard Peteka, reporting on his first quarter as our Chief Financial Officer.

Prior to joining our team, Rich served as Apollo Investment Corp.'s CFO for nearly 8 years through February 2012. I have personally hired him back in June 2004 when I was a CEO of Apollo. Rich, I'd like reiterate how pleased we are to have you on the Solar Capital team, and before we begin, would you please start off by covering the webcast and forward-looking statements?

1 of 4

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,098.45 +18.88 0.11%
S&P 500 2,003.37 +6.63 0.33%
NASDAQ 4,580.2710 +22.5760 0.50%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs