- Newtek shocked investors with an announcement they'd be converting from a BDC to a bank holding company. A similarly surprising event occurred in 2014 when Newtek converted to a BDC.
- Newtek's stock collapsed by roughly 30% intraday and has only modestly recovered. Opinions are sharply divided and this article seeks to provide a balanced analysis of the situation.
- Let's explore how Newtek arrived at this decision, how the company might look in the future, and if an investment in the transformed company makes sense.
For further details see:
Blazing BDC To Boring Bank? The Newtek Controversy Explained