There’s much to unpack in Apollo Investment’s IVQ 2020 conference call transcript.
A public company, which is in the portfolio of three different BDCs, has been charged with accounting fraud by the SEC, as recently mentioned in the BDC Credit Reporter. We re-publish the article and discuss which BDCs are involved and for which dollar amounts.
We re-publish posts from the BDC Credit Reporter about developments at seven Apollo Investment portfolio companies. There’s plenty going on.
For the third time in a row, the BDC Reporter undertakes a quarterly review of Apollo Investment’s credit performance and outlook.
The BDC Reporter mines the company-by-company research undertaken by the BDC Credit Reporter to undertake a IIQ 2020 Credit Review of Apollo Investment.
The BDC Reporter annotates the Apollo Investment IIQ 2020 conference call transcript after another poor quarter and a major dividend cut.
A compendium of BDC-related credit developments for June 1, 2020.
BDC common stock prices leapt upward in the week ended May 22, narrowing the loss since Covid-19 began. Will the price healing continue ? The BDC Reporter has doubts, which we explain at length.
After reviewing IQ 2020 filings, and drawing on the resources of the BDC Credit Reporter, we have undertaken a credit review of Apollo Investment.
The huge BDC rally of the week before came to a halt, but there were plenty of interesting and unusual price and news developments. The BDC Reporter takes this opportunity to worry aloud about what may lie ahead from a credit standpoint in a very uncertain economic, political and financial environment. Read with a stiff drink.
The BDC Reporter describes the terrible, horrible, no good week just passed for the BDC sector, but cannot offer much in the way of immediate hope that we are at a turning point yet. As best we can, we look ahead as the extent of the damage to expect comes – very slowly – into focus. There are elegant solutions available here but will either the Federal government or Wall Street be up to the challenge.
What starts out as the BDC Reporter’s estimate of what might happen to Apollo Investment’s book value at the end of the IQ 2020 morphs into ideas about who might be able to save the BDC sector from the dire consequences of the current crisis, and how. A rare instance of the BDC Reporter getting on a soap box, albeit with the best of intentions.
We have updated the Apollo Investment IVQ 2019 results summary which we first published on February 17, with a brief review of what has happened to the stock price and to the valuation metrics through March 6, 2020.
The BDC Reporter takes a break from individual BDC analysis to warn readers about how lower LIBOR could affect the entire sector’s earnings prospects, albeit to widely varying degrees.
The BDC Reporter re-publishes an article from Leveraged Commentary & Data about third quarter 2019 trends and uses the opportunity to discuss some of the fundamental changes going on before our eyes in how the sector does business.
