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....
Read the full article on Seeking Alpha
For further details see:
Horizon Technology Finance: Still Too Expensive After The Price Correction