On the proposal to authorize stock sales 15% below NAV. I usually vote no automatically on the "below NAV" authorizations but if the stock ever got to the $23 area where they could sell I guess I would probably be out.
I still think this will pop to $20 even without a dividend if they can show traction with their SBIC lending but man, what I missed opportunity, with capital tied up here while most other BDCs have a total return of 20-30% this year.
Do you feel like a chump like I do for being in pretty much the only BDC with zero return this year? It seems like the market is now beginning to penalize BDCs viewed as below critical mass (SAR, HRZN, etc.) with bigger discounts while most BDCs are trading at healthy premiums to book for the first time in a year plus.