I don't know. But senior secured loans are usually the top 50%
of the capital structure of companies, so it is pretty safe
territory, and good returns. Low risk historically in that only 2
yrs out of last 25+ years where the leveraged loan index had
negative returns. Seems like a decent chart where you get
paid to wait...
looking at the balance sheet, it would appear that the loans
have been written down from cost in a major way, so the April NAV
of $6.23-6.33 per share is probably v understated.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
Matt/Steve, Would you be so
Posted by te22 on 9th of Jun 2020 at 01:42 pm
Matt/Steve, Would you be so kind as to opine on ECC? Yields 12% w Senior Secured Loans. Chart looks interesting. Thx
te22 - chart looks fine
Posted by steve on 9th of Jun 2020 at 01:48 pm
te22 - chart looks fine at this time - is the FED buying these loans?
I don't know. But senior
Posted by te22 on 9th of Jun 2020 at 02:19 pm
I don't know. But senior secured loans are usually the top 50% of the capital structure of companies, so it is pretty safe territory, and good returns. Low risk historically in that only 2 yrs out of last 25+ years where the leveraged loan index had negative returns. Seems like a decent chart where you get paid to wait...
looking at the balance sheet,
Posted by te22 on 9th of Jun 2020 at 02:55 pm
looking at the balance sheet, it would appear that the loans have been written down from cost in a major way, so the April NAV of $6.23-6.33 per share is probably v understated.