Andrea - read your ad (oops, column) -- fyi PSEC does not have TANGIBLE assets, it has loans. Care to rewrite your column???
Murphy's point in the article was that PSEC is selling for about .66 of its Book Value.Historically, PSEC has traded about even with book value, currently north of $14.
This sounds like a real buy at this point!
She also says -- "These stocks also have relatively low ratios of price-to-tangible book, or book value measured using only physical assets (buildings, machines and so on)."What tangible book does PSEC have? So again, she's and idiot or uninformed and writing of what she knows nothing.