Sun, Jan 25, 2015, 5:55 PM EST - U.S. Markets closed


% | $
Quotes you view appear here for quick access.

Saratoga Investment Corp. Message Board

  • slcehamrick slcehamrick May 7, 2013 1:41 PM Flag

    Anybody Buying the Baby Bonds?

    Quoted off the exchange pre-listing at 24.85 for about 7.6% yield to worst. I like them better than the common here, risk of loss is pretty low (although not zero by any means).. Unrated. If they trade like the others you should get a fairly safe 12% over the next twelve months including potential cap gain.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • I am still hanging on to the common at 82% of NAV. I think with the new financing we may get an announcement soon that SAR will start to pay a regular quarterly dividend. If so this should bring the shares closer to NAV. If the baby bonds are trading at a discount to par or at par I may buy some in my income account.

      • 1 Reply to valueguy66
      • I bought 3k at 24.80. Based on KAP as comp I think they will trade to $26.50 almost immediately on listing with YTM of around 6.5%. The common has been great but I have been out (sadly) since the low 16s. In a market like this if they announce a $2 dividend I think the stock actually will trade at a 105-110% of NAV. Good luck.

15.49-0.06(-0.39%)Jan 23 3:18 PMEST

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.