Still not covering dividend with NOI/disappointing.
I have to wonder when Soros is going to want to sell a big block of his shares or completely sell out since there seems to be little reason to stay in SLRC from a growth perspective. This BDC has been unable to cover its dividend since going public. Last time resulted in decent enough drop in share price that it made for a nice trade.
So that must be why it is up well this morning. Glad I read your post so I could figure out why the market was reacting like it is. You are the kind of poster that makes these boards worth reading. LOL!
Interesting that YOU equate the value of a specific post by the price movement of the stock in question, on that very day........stocks, bonds, commodities and most other BDCs are up in
today's market action, sure that wouldn't explain the move in SLRC today ! Maybe even
an announcement of the 60 cent dividend for July 1st (of which 63% is being "captured" by
today's trades) would have nothing to do with the SLRC action. To you, today's price action
only proves bjfcpainc wrong.
From YOUR post there appears no reasoning on why SLRC is higher....just chance.. ?