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.
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I don't know. But senior
Matt/Steve, Would you be so kind as to opine on ...
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.