Nothing lasts forever, specially BDC common stocks upward momentum. This week, the sector dropped back. Harbinger or brief pause ?
The BDC common stock rally edges forward in a quiet week for the sector. What BDC shareholders decide in the weeks ahead may change the momentum.
Thank goodness for the BDC Reporter’s reputation as a sector psychic, the BDC rally rolled on. There’s room to run and reasons that could happen.
BDC Fixed Income prices are modestly higher. More importantly, the landscape for unsecured BDC debt changes before our very eyes.
Like in “Jaws’, the surface of BDC Fixed Income market seems calm. Underneath the surface, though, new dangers lurk. Some Note Holders might be wishing they had brought a bigger boat.
In a week with much back and forth about BDC leverage stock prices head modestly higher. We discuss trends, highlight an unexpected Biggest Loser and discuss the impact of the new law.
BDC common stocks had another tough week. Matters could get worse. Much worse, as we discuss. However, we end on an optimistic note.
Continuing a recent trend another BDC refinances its existing Baby Bond with…another Baby Bond. But cheaper. Stellus Capital has come to market with a new bond issue. We review the key details and analyze the implications for common stock shareholders and note holders alike.
On a slow day, BDC News Of The Day reviews insider purchases and sales at 4 different BDCs. Then we segue into a non-sequitur about BDC distribution cuts. Mr Market seems to be counting on a third of BDCs to cut their pay-outs before long. The BDC Reporter’s list is even longer. We offer to share our names with any subscriber wanting confirmation or beginning to sweat.