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HCXY - Newtek Business Services: Back In The Saddle Again
Hercules Capital Inc. 6.25% Notes due 2033
Co-produced with PendragonY and Trapping Value
While we sold Newtek Business Services (NEWT) back in July, we still liked the company and continued to monitor it, waiting for an attractive re-entry price. That point has now been reached due to the recent brutal market sell off.
The chart above was the main driver in our decision to recommend the sale of Newtek to HDO subscribers on July 7, 2019. We had originally recommended the purchase of this stock on Oct. 25, 2016. As you can