How ridiculous. The only thing in common here is the coincidence in share price decline. If both companies were BDC's it would be something of real interest. The fact that these are two completely different industries and product lines makes your comparison ridiculous as I said.
Listen to the CC. Management said the buybacks will only offset the options dilution partially given time restraints.
I don't know whose bailing at this point. We all knew or should have known about the reduction in NAV when the options are exercised. So I don't see how that factors into todays sell-off. Are investors having real problems with the move all out into Structured Finance in one BDC? Or are they just generally spooked by the sudden change in of itself?
So what does the share spread look to be like under the revised Spin? I also like what I heard on the CC. Management is being very pro-active to Market Environment changes and the opportunities that presented itself under Structured Finance.
Are people still shell shocked over the Spin-Off change. Thought it was explained well and in detail. About the only negative I heard was on the potential exercise of Options which most of us knew was coming.
Malon has yet to explain exactly why they decided to eliminate the other BDC. No one expected that, and that is what I believe is causing the sell-off this morning.
"Groupon Inc.’s first-quarter loss narrowed as the company recorded strong billings in North America, but the number of active users fell from the previous two quarters."
Copied and Paste from WSJ
This sure doesn't feel like a stock that is going to bring $18-$20 in equity to holder in less than 6 months.