HRZN - Horizon Technology Finance: Still Too Expensive After The Price Correction
2024-03-21 17:06:38 ET
Summary
- Horizon Technology Finance has underperformed the BDC index and lost a tangible chunk of its market cap since the issuance of my bearish thesis.
- Looking at the fundamentals, it is clear that the price correction has been fully justified.
- Despite the drop, I still consider Horizon Technology Finance an unattractive case going forward.
- In this article, I will highlight the key factors of Q4, 2023 that triggered negative market reaction and lay out my thoughts on how I see Horizon Technology Finance as an investment.
December, last year I wrote an article on Horizon Technology Finance ( HRZN ) laying out an argumentation of why, in my opinion, HRZN was not the right business development company, or BDC, pick....
Horizon Technology Finance: Still Too Expensive After The Price Correction