When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
PSEC - Prospect Capital: Waiting For $5 Entry Point
Prospect Capital Corporation
Introduction
I think Prospect Capital Corp. (NYSE: PSEC) is not a buy and hold stock due to its absurd management fee; I see it as a trading vehicle when it gets very cheap. In October 2017, I invested when it fell to $6 range and exited on the back of a rally a few weeks later. PSEC is back to trading at a deep discount to NAV; however, given the broader market pullback and a potential recession, I think PSEC is not yet cheap enough and will be attractive around $4.8 to $5 per