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TCP Capital Corp. Message Board

  • onigiroshi onigiroshi Aug 12, 2013 10:24 AM Flag

    Q2/13 Results.

    I thought TCPC had a rather impressive quarter. Unfortunately this isn't a well known BDC, however it must be one of best run ones. 99.9% of the time, the quality of the results are the result of the quality of a company's management. This company apparently has great management.

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    • I thought it was an ok quarter. I'd really like to see them focus on raising the NAV so that SPOs will generate more cash for them as a way to increase NII.
      I was disappointed they didn't say what they were going to do with the unpaid dividend money.

    • thinking_about_being_impulsive thinking_about_being_impulsive Aug 13, 2013 12:12 PM Flag

      Earnings were not impressive and, in fact, were disappointing and fell short of estimates. That is why the share price dropped the week before earnings announcement (because we are the last to know and wall street is crooked) and continues to drop. With that said, I believe TCPC will eventually rise in value. Good luck to all longs.

      • 1 Reply to thinking_about_being_impulsive
      • Thanks for your post, TIBI

        Actually, I thought the net investment income increase of approx. 22% in Q2/13 compared to Q2/12 coupled with an approximately 30% increase net investment income for the first six months of 2103 over the first six month of 2012 was rather impressive. I WAS a bit disappointed that the NAV increased only about 1.5% from the year end of 2012 to Q2/13. The NAV is currently about $14.94/share. The current price per share is darn close to NAV, and depending on the company, I might consider that an opportunity to buy.

 
TCPC
13.18+0.05(+0.38%)Feb 10 3:59 PMEST