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PennantPark Investment Corporat Message Board

  • MegaStockaMaster MegaStockaMaster Apr 9, 2010 12:05 PM Flag

    I want to own PNNT

    I have been following PNNT and wanting to own it since $7 a couple of years ago.

    I've bought other BDC stocks and have been happy with them, but I anticipate PNNT will be a real leader in this space over time.

    However, I'm currently waiting for a dip.

    According to another board (ARCC), PNNT was recently upgraded by Lazard to a $13 price target?

    Anybody have an opinion on when the best time to enter PNNT is?

    I missed their secondary.
    I think their next ex-div date is probably a ways away.

    I'm stocking up dry powder and eyeing a few:
    PNNT, CTL, SLRC

    I don't think I'd do too badly buying PNNT at this price, but I'm greedy to buy lower.

    Let me know if you feel I'm waiting when I should be buying.

    I don't know Lazard, and I'm sure they do fine work. I typically follow Stifel in this space, but I think any analyst who tries to understand this space is automatically better than the herd.

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    • I got into PNNT thur Stifel last month. I also bought STL as an ipo, up 25% with a 4% yeild on there guidence. Stifel is coming out wed. with a new ipo Golub. you can check them out at Golubcapital.com Yeild ie expected to be 8%. they have been around for 20 years and have 4bil. in assets. Good luck

 
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