Prospect Capital: An 18%+ Yield For All The Wrong Reasons; What Could Happen Next (PSEC)
· seekingalpha.com
Prospect Capital Corporation's outlook: NAV erosion, falling income, high PIK risk, and sector headwinds outweigh its 18%+ yield. Click for this PSEC update.
Although business development companies, or BDCs ( BIZD ), continue to be some of my favorite instruments as a dividend-focused investor, the market has not bee...