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Horizon Technology Finance Corp Message Board

  • keltus1952 keltus1952 Oct 3, 2013 9:49 AM Flag

    NAV now @ 14.89...

    As of latest earnings report June 30, 2013. Stock trading at 13.16 today on Oct. 3, 2013. Now at an 11.6% discount to NAV and yielding about 10.5% with the 11.5 cent monthly dividend.


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    • Discounts exits for a reason (usually) and in this case the discount exists because the The Street does not like HRZN management's track record or promotional stye. And for good reason IMHO.

      That said, I just re-entered for the first time in a long time at $13. I look at KIPO and SVVC and the other VC type BDCs and conclude that unless HRZN really, really suck they MUST hve some warrant winners in the portfolio. The dividend is sustainable as long as undewriting which used to be great goes back to being at least good.

      So I am back in with a toe, fulling expecting to be able to average down into the 12s and maybe the 11s on this.

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