Category Archives Uncategorized

Now the would External Managers and/or owners of TICC Capital have made their initial bids for the Company, the time has arrived for mutual mud slinging. We review the latest developments, but come away still undecided, despite the debate underway by dint of press releases.

We provide some color about the direction of BDC stock prices on a turbulent day, and discuss two stories of interest: Fifth Street Finance's change of heart about stock repurchases and Oxford Lane's disclosure that Taxable Income might be hurt by higher 3 Month LIBOR.Written in a hurry after the market closed.

We take on the subject of BDC stock buybacks, touted in Barron's recently. We review the wide discrepancy between BDC managers enthusiasm for stock repurchases and reality. We end by diagnosing why the BDC sector needs a more viable and longer term solution than buybacks to its current depressed state. Plus, how we are positioned.