We annotate THL Credit’s IQ 2019 Conference Call transcript, with analysis and commentary.
Here are some of the latest developments amongst under-performing BDC companies since our last report filed April 22, 2019
THL Credit makes a change in its dividend and compensation. The latter could have reverberations across the BDC sector.
A market melt-down is bringing more BDC stocks to 52 week lows. We name names and – on the fly – discuss risk and opportunity in a fast changing price environment.
THL Credit sets a date for the expected redemption of one of its Baby Bonds following a new issue just a few days ago. What’s the price next time ?
THL Credit refinances an existing Baby Bond with another Baby Bond. We discuss short and longer term implications for shareholders and existing debt holders.
BDC Fixed Income moved up modestly in quiet week. However, changes are underway in how some BDC debt is rated which could have major implications.
A mixed week in the BDC sector but the trend is still to the upside. The BDC Reporter also discusses the monumental changes underway amongst the bigger BDCs and what that might mean for the future.
Another good week for the BDC Sector and most of its constituents, as the rally marches on. We discuss myriad metrics and look at the length of the runway.
BDC Fixed Income prices drop along with about everything else as rates rise. However, we look beyond to the changes being wrought by BDC enthusiasm for the Small Business Credit Availability Act. This could go any number of ways.
As forewarned earlier in the week, BDC common stocks are in rally mode, and may go higher. The BDC Reporter, though, looks a little further out…
With BDC earnings season almost at the quarter way mark, the BDC Reporter shares some observations and does some plain speaking.
On the cusp of the most interesting Earnings Season in years, BDC stocks remained in a narrow range. We look forward to the debate about extra leverage but also beyond…
Two BDCs hit new lows. We discuss why and what this might tell us about BDC common stocks more generally.
Just in the nick of time BDC common stocks changed direction. Short term bounce or something else ?
