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TCRD - 6-Year Decline In NAV NII And EPS Means Stay Away From THL Credit
THL Credit Inc.
Investors have favored high-dividend BDC stocks like THL Credit, Inc. (TCRD) recently as they look for returns. However, they need to be wary when investing in high yields stocks and pay attention to the fundamentals before investing. In the last six years, TCRD’s net asset value per share (NAVPS) has declined by 37% and its net investment income per share ((NII)) has declined by 50%. As a result of these trends, the stock price has followed suit, declining by 60% since 2013. This past quarter’s (Q3 2019) continuation of TCRD’s negative net assets