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Solar Capital Ltd. Message Board

  • gerch27 gerch27 Jan 9, 2013 3:55 PM Flag

    spo's above nav are accretive not delutive to existing shareholders

    great buying op

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    • Gerch 27:

      How do you know what the NAV is at the present time...?

      NAV valuations are often slightly "subjective" and calculated
      by methods that are not reproducible or that can be validated
      by third parties. Oftentimes NAV is a "best estimate" derivative.

      So I would ask you to explain further your assertion that a SPO
      is accretive simply by being higher than a NAV value over 3 months

      Especially with the Crystal Financial transaction, the SLRC present
      NAV could be much different from the NAV value we heard at the
      last CC.

      Except for the market's action since the SPO announcement, more
      information from Gross & the CFO is mandatory before a valid
      relationship between SPO, NII, mid term stock price, div per share
      metrics can be formulated. We simply do not have enough high
      quality data to make an accurate decision, but we should in 3 weeks.


    • gained 60% of yesterday's loss back! Very bullish with this company

16.73-0.28(-1.65%)Oct 9 4:00 PMEDT