Just one opinion from recent SA article. "Gladstone Capital (GLAD) is a business development company, which recently announced 1st-quarter earnings. The negative trends highlighted in Q4 2011 continue in Q1 2012, as discussed here. Given the continued underperformance of GLAD, I believe that this stock should be avoided by investors."
Looking forward to seeing what rate they'll get preferreds off. Seems the market is 7-8% for other institutions.
That's some cheap money. Now, David Gladstone and his compatriot Chip need to get to work and quit beatching about the government. They need an SBA loan...I'm trying to figure out in what world it makes sense to lambast the instituation willing to give you free money to lend at 3x the interest rate it will eventually charge you. Of course, David has to continually slam the government in each conference call. Save it, and get us that SBIC facility. Anyone who doesn't get an LOC from the SBA is not doing right by shareholders.
Over past four quarters, the NAV has dropped $2.13 which Is faster than the dividend rate. This can't continue for much longer. Maybe Gladstone is too much old school and the BDC model has to be updated to take advantage of todays technologies. Where are the successful incubators today and how do they achieve success? I'm still holding but am quite concerned now about where GLAD is headed.