Those Derisked Baby Bonds Of Harrow, Inc.

2025-01-03 15:43:10 ET

Summary

• Harrow's 11.875% Senior Notes due 2027 are attractive baby bonds with a healthy leverage percentage of 13.8%, indicating strong creditworthiness and low debt.
• Harrow funds operations through product sales, not debt or frequent equity raises, showcasing a robust financial position and sustainable business model.
• VEVYE, IHEEZO, and Triesence show significant growth potential, with Triesence addressing supply chain issues and justified price hikes, ensuring strong future demand.
• Investing in both Harrow's equity and debt offers risk-free income and growth opportunities, making it a sound strategy given Harrow's improved risk profile.
• This is the last article in a series of articles on HROW, and here I discuss why investing in their bond along with their stock could be a smart strategy.

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