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Prospect Capital At Extreme Valuation — Again

Published 09/06/2017, 11:56 AM
Updated 07/09/2023, 06:31 AM
PSEC
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Prospect Capital's (NASDAQ:PSEC) Price/Book ratio is at extreme lows yet again.

Prospect Capital Corporation

Post dividend cut, Prospect Capital is now trading for 75% of book value. As Prospect’s history has shown, it can always go lower. Though if you’re time horizon is 6-12 months, this is likely a good opportunity to collect an 11% yield while waiting for the stock to appreciate to a more “normal” 85%-90% of book value.

I don’t currently own Prospect, but it’s on my watch list.

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