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TICC Capital Corp. Message Board

  • trumpace trumpace Aug 6, 2013 2:09 PM Flag

    NAV went down to $9.75

    IMHO this is not a good thing. I think further decline is expected. We may see it back to its 52 week low once again. I will wait until it drops below $9 for now.

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    • I'm watching it too. Not sure if we'll see a price in the 9.00 area unless the market gets real ugly. The yield would be almost 13% at the 9.00 level.

      Kel

      • 1 Reply to keltus1952
      • I look at NAV and many of these types of investments trade at a discount to NAV and although many are at .75 to .85 on the discount IMH TICC has the strength to hold better. But a discount in the low to mid .90's could be a good target and with the earnings out, this could come this week. Again JMHO. But with a drop in book value of .27 I do not feel it is worth a premium to book value and from the trading today many seem to agree with me. I put a bid in at $8.92 that comes to .915 of current book value of 9.75. With the market under some pressure this could help a further decline to my price. I think TICC is a good investment but right now it is just a bit ahead of itself IMHO. And Although I do think it could get as low as 8.75 timing a market or stock isn't worth the difference I placed on my bid.

 
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