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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: Spekulatius who wrote (35633)10/9/2009 6:18:22 AM
From: Madharry  Respond to of 78768
 
The economy did go bad and some of the loans have turned to garbage. on the plus side is that they have reduced non recourse debt to below $100 million so it looks like at least bankruptcy is off the table. should the economy recover valuation could certainly approach nav of $7.66, assuming that nav is real. you are right about lending though , they have no money for increasing lending and i imagine many bdc-s are in the same boat.