The second article in our series about trends noted in the first quarter of 2015 Business Development Company earnings releases, SEC filings and Conference Calls. Here we tackle the high hopes of BDCs for market share and spread gains engendered by GE Capital's impending sale.
First of a series about some of the trends that have emerged from the IQ 2015 Business Development Company earnings reports and the attendant Conference Calls. First up: the sudden and unexpected drop-off in new deal activity in the first 3 months of the the new year.
Solar Capital (SLRC) reported earnings below expectations. The stock price dropped-sharply. We looked at the fundamentals and ask: are shareholders being short sighted ? We also ask: is that a buying opportunity we hear opening up ?
We briefly review the unsolicited offer from Phil Falcone's HC2 Holdings (HCHC) for MCGC. We add an update about MCGC's initial response to new offer.
Welcome to the updated BDC Reporter. In this article we discuss BDC Reporter's new lay-out and how readers can access all the content we generate about the BDC sector across several publishing platforms. We also address why the BDC Reporter exists and why we are constantly posting on the worldwide web. Click Read More for the full article. ...
Mega-Business Development Company FS Investment Corporation (FSIC) announces a second major publicly traded Note issue. We hail the risk-reduction involved but point out that FSIC-and most every BDC-remain over-valued at this stage in the cycle.
In a world of dull regulatory documents available in the SEC Filings section of any Business Development Company’s website, the Schedule 14A or Proxy Statement, may be the dullest. Still, the Proxy is one of the few times a company directly communicates with shareholders and actually asks for input. That’s mostly an annual matter of […]