Prospect Capital Corporat... (PSEC)

Previously maintained a cautious hold rating on Prospect Capital, favoring bonds over common stock and preferred shares. The stock has heavily underperformed and justified the decision to stay out. We...

Quarterly payers are the norm.

While Most of Wall Street focuses on large and mega-cap stocks, as they provide a degree of safety and liquidity, many investors are limited in the number of shares they can buy.

Prospect Capital offers an attractive value proposition due to its massive discount to NAV, but is best suited for investors comfortable with higher volatility. The November 2024 dividend cut has impr...

In the bond world, double digit yields ordinarily equate to junk bonds with a higher than normal default risk.

High-yield stocks that trade at deep discounts to NAV often attract value-oriented income investors. However, most of the time, these investments are value traps. I share two popular stocks like this ...

PSEC's fundamentals continue to deteriorate, with persistent NAV erosion and declining net investment income despite a large discount to NAV. Dividend coverage is weakening, and another cut is likely ...

Investors love dividend stocks, especially the ultra-high-yield variety, because they offer a significant income stream and have massive total return potential.

Prospect Capital's dividend cut has improved payout safety, aligning distributions with lower net investment income and enhancing the margin of safety for passive income investors. The portfolio shift...

I am increasingly cautious on BDCs due to rising non-accruals, weaker earnings, and looser underwriting amid intense competition for private credit deals. Elevated interest rates are suppressing BDC v...