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Prospect Capital Corporation Message Board

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  • heinnance heinnance Sep 11, 2012 7:48 PM Flag

    $21.00 price target by Seeking Alpha Markus Aarnio

    Time will tell because they are doing very well. Look at MTGE. A year ago is was around $15.00 and now it is over $25.00. The well run reits are doing better than the rest of the stock market. They have much lower beta. With interest rates so low, it is a good time to be in this business. It helps that the realestate market has most likely bottomed here.

    Sentiment: Strong Buy

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    • No. PSEC will always slam your PPS with secondaries if you get 10% over book. If the management can get the book value up to $18 over the next two years than I could see $21 target as the market pricing in better growth prospects. How likely is that? Not very. More likely you will wake up tomorrow morning, 9/12/12 to a secondary offering equal to 10% of the common.

 
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