See:http://finance.yahoo.com/news/saratoga-investment-corp-approved-sbic-182000015.htmlThis could potentially quadruple the size of the company. I CANNOT EMPHASIZE HOW POSITIVE THIS IS FOR SAR. This hasn't sunk in with the market yet. The news just hit this (March 29th) afternoon.BUY BUY BUY BUY BUY.
You are absolutely correct because:(1) should add maybe 40 cents per share in incremental earnings once fully deployed and(2) it shows management can actually get things done (they haven't had too much to brag about since taking over)BUTit appears to me the market cares about getting a dividend and that's is about it; personally I am still bidding for stock so I am happy to see it keep hanging around $16
I had a fairly large postion and can not it did move on this news. So I bought the most of the shares up this morning paying up to $16.26.