Prospect Capital Is A Steal

PM Images The loan quality profile of Prospect Capital Corporation (NASDAQ:PSEC) continued to look very healthy in the last quarter, as did the business development company's dividend coverage setup. The BDC is also originating a healthy amount of new loans which will add to Prospect Capital's net investment income moving forward and that therefore could further improve the BDC's dividend coverage. I think that Prospect Capital's 37% discount to net asset value is not appropriate and when taking into accoun ...