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PSEC Forecast

Prospect Capital May Have Bottomed Yielding 11.86%

I wrote an article about Prospect Capital (NASDAQ:PSEC) on July 7 (article can be read by clicking here) as its valuation had gotten very interesting. In the article, I indicated that I wanted to wait until their fiscal Q4 earnings were released so I could see some additional data prior to starting a position in PSEC. While all the metrics I reviewed indicated that PSEC met my investment criteria, I wanted to see if there was negative news coming down the pipe that would warrant the discounted levels PSEC traded for. Since the article, PSEC has declined by -2.1% while the S&P 500 has appreciated by 2.53%.

seekingalpha.com     Sep 01, 2023