A day or two following a SPO is usually a good strategic time to buy a BDC. Anytime a BDC is trading below book is a nice time to buy. Anytime the overall economy is looking up is a good time to buy a BDC.
SPOs are a sure thing w/ PSEC. personally i wouldnt buy until it's under $11.00
we're due for a correction, plus an SPO is probably less than 2 months away. of course their next conference call will be a bit of a wildcard.... should be an entertaining doozy.