I'm not glad I own GLAD. Drops of 10% or more multiple days in the past week. Is it all due to negative income as shown on their latest balance sheet? Would assume, without positive income they will have to either cut the dividend or issue more shares. Any thoughts?
I'm just kicking the tires here. Just read through the latest 1/4ly report. Net interest income is covering the dividend, which is good.
The unrealized losses are there, but don't seem to be affecting interest income.
I think about it this way......sort of like my IRA account. I hold various stocks, some up, and some down from my cost basis. I do have some 'unrealized losses.' But, if they keep paying the same dividends I'm not too worried about their day to day valuation.
I may be buying a little bit of GLAD today. I already hold TICC and PNNT in the BDC area.