It was all a trick to take your money. That stuff about the market collapsing and the biggest banks in the world and the largest insurance company in the world collapsing were just a scam. It was all about you. As soon as you sell out at a tremendous loss the stock will go back up.
It was because of the market decline and fear regarding the true value of assets, pure and simple.
It is more likely than not that the remaining three dividends to be paid before 12/31 will total $1 to $1.20 a share (including carryover earnings from 2008).
The only way they will be less is if HTGC has significant REALIZED losses from their investments (excluding unrealized write downs) So, assuming $1.10, that is about a 26% dividend return over the next nine months (35% annualized) based on Friday's close.
This stock has nowhere to go but up over the next year absent an economic collapse.
If the economy starts growing again by year end, it is easy to see how this stock could be back in double digits by then.
I think the stock is crushed for no reason. I bought recently @ the bottom and already have a nice gain. If they keep their dividend as in the past it will come back to the $7-$8 level.......So perhaps middle your positions. dutch redneck