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

To: Paul Senior who wrote (53875)	5/8/2014 4:37:06 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78750

TCAP: Averaged down on my losing position in this internally managed BDC. in comparison with some other BDC's, it's been given mediocre evaluation by BDC Buzz (http://bdcbuzz.blogspot.com). The company has a focus on mezzanine financing in the $5-$35M range. The problem with this, perhaps, is that this is a very competitive segment (many small private firms competing with several bdcs for the business), and customers apparently refinance or prepay, which may(?) reduce profits/future business for TCAP. Otoh, I do like TCAP's history of dividend increases. TCAP's also internally managed, which in my view, seems to be better than BDC's that are managed externally. finance.yahoo.com