Prospect Capital: Lack Of Distribution Increases Limits Appeal
Prospect Capital(PSEC) Seeking Alpha·2024-06-28 19:04
AntonioSolano/iStock via Getty Images Overview I previously covered Prosect Capital (NASDAQ:PSEC) back in March and downgraded my rating to a hold due to the BDC's growing vulnerabilities surrounded the prolonged period of elevated interest rates. I wanted to revisit the business development company after its most recent earnings and reassess valuation based on the performance and growth of its net assets. I also wanted to provide some thoughts as I believe that the possibility of interest rate cuts are ...