$PSEC Price/Book ratio at extreme lows… again.
— Charles Sizemore (@CharlesSizemore) Sep. 6 at 09:34 AM
Post dividend cut, Prospect Capital (PSEC) is now trading for 75% of book value. As Prospect’s history has shown, it can always go lower. Though if you’re time horizon is 6-12 months, this is likely a good opportunity to collect an 11% yield while waiting for the stock to appreciate to a more “normal” 85%-90% of book value.
I don’t currently own Prospect, but it’s on my watch list.