In our view, Apollo Investment Corporation (OTC:AINV) turned the financial corner with a flat to upward trajectory. Both critical results, net asset value (NYSE:NAV) and net investment income (NAVII) for the past three quarter turned flat to slightly up. NAV was, beginning with the most recent quarter, $19.00, $19.06 and $19.03 and NAVII was $0.50, $0.47 and $0.45 respectively. The net asset value, which had been in a slow decline for several quarters, finally stabilized.
Over the past several years, the company redefined itself from a sector based company with a