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Horizon Technology Finance Corporation Message Board

  • thewisejman thewisejman Mar 12, 2014 4:22 PM Flag

    HRZN might have become undervalued

    at today's closing price of 12.43, that was a 12% discount from its most recent NAV of 14.14. With its monthly dividend (unchanged) of 0.115 already announced for April, May and June, that equates to a yield of 11.10%. Its future EPS for the year is about 1.47, make it appears that it can continue to sustain its 1.38 dividend. However, I had not spent enough time to go through its SEC filing yet and therefore I can be wrong. But it appears to worth a gamble to me and bought some earlier at 12.46. Some lucky dude got some at 12.17, today's daily low and 12-mo low. The funny thing is I do not believe it can be worse than MCGC which reduced its future dividend (significantly), dropped BIG TIME, but bounced back the most yesterday among all BDCs. Therefore, if HRZN continues to tank more, I will double my position on it. You need to do your own DD before you buy or sell this one because it is indeed very volatile but for a BDC to drop that much without reducing its dividend and now selling with a 12% discount? Something is just not logical and it will soon correct itself. The market always decides the RIGHT price for any stocks. There will always be BUYERs and SELLERs.

 
HRZN
14.31Aug 26 3:59 PMEDT

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