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.
With BDC IQ 2020 earnings season at an end, is the sector oversold after dropping twice as much as the S&P 500 ? The BDC Reporter discusses in detail why that might not be the case.
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.
BDC common stock prices broke records during their surge in the week ended Thursday April 9. The BDC Reporter describes what happened and looks forward to what promises to be yet another historic week as the Covid-19 crisis continues to unfold in both expected and unexpected ways.
The BDC sector dropped back again last week after a head fake the week before. We review the numbers and evaluate what we’ve been learning from the BDCs themselves all week and what remains unknown.
The BDC sector reaches new lows not seen in over ten years but bounces part of the way back. Is the worse over ? The BDC Reporter argues that we’ve only just begun, and explains why.
Another week of BDC Earnings Season and another week of a sector-wide price rally. We review the highlights of both, and add some context about longer term trends underway.
Stock market investors were not fazed by the possible global pandemic, nor were BDC investors, in the first week of full blown earnings season. Records are close to breaking…
The coronavirus causes all major indices – and the BDC sector is no exception – to move into reverse. With earnings season about to begin, is the momentum to the upside or downside ?
The BDC rally hit an unexpected pothole this week, putting any further price expansion on hold. In terms of news, there was little to report except a setback for a long standing BDC lobbying campaign, but there’s hope yet.
BDC sector prices rolled along in much the same way as in recent weeks. However, there were other multiple developments including blow-out results from one BDC and an unexpected equity raise from another.
The holiday shortened Christmas week was also the last full week of the year for the BDC sector. We recap where prices went in the few days the market was open and look back over the year as a whole. Yes, 2019 was a very good year overall for the BDC sector, but there’s more than that to consider, and we do.
The late-in-the-year BDC sector rally continues judging by most of the numbers, but the BDC Reporter remains skeptical of investor enthusiasm. Unavoidably with only two weeks to go, we begin to look ahead to price, dividend and leverage levels in the year ahead.
BDC sector prices break a 2019 record on the way up. We wonder, though, where’s the usual enthusiasm associated with stock rallies, which is not showing up in much of the data. What’s more, how do high prices mesh with growing credit concerns at borrowers ?
BDC sector prices continue upwards for another week, but are we reaching a point of resistance ? Also, developments at several BDCs that were in the news this week could spill over into the coming weeks and with unanticipated consequences.
We are back with the common stocks market recap just as the BDC sector ends November on a high note. Is BDC market enthusiasm justified by the recent fundamentals ?
First week of BDC earnings season and the sector moved up in price, but so did the broader indices. We review our regular metrics and several BDC winners and losers from a price standpoint and identify who might move markets in the weeks ahead.
The major indices and BDC sector prices are all moved together in the week ended October 25, 2019. We discuss market conditions and the most important development of the week: New Mountain Finance’s equity raise.
Where the S&P index goes, the BDC sector follows – this week at least. The future direction will be determined by BDC earnings. Earnings will be shaped by credit performance. We discuss both in a wide ranging discussion illustrated with a great deal of exclusive data from the BDC Reporter.
This week, the U.S. and China talk trade truce and BDC stock prices jump. However, the BDC Reporter also looks at market prices since earlier in the year and comes to a different outcome. Plus, we review analyst expectations for third quarter results and what could go wrong.
