Brian Grosso
Investment advisor, long only, long-term horizon, value

Keating Capital: Discount To NAV Isn't Enough To Warrant Buying

(Editors' Note: This article covers a stock that is trading at less than $1 per share and/or has less than a $100 million market cap. Please be aware of the risks associated with these stocks.)

I'll be honest, I missed the SA controversy on Keating Capital (KIPO). The two pro articles, one bullish and one bearish, are already embargoed. I do however have access to Tim Keating's response to the bearish article, and all the other information I need on the company. This is an idea that was completely off my radar until this morning when I screened for closed-end funds trading at steep discounts to NAV. After some research, I've concluded that I definitely wouldn't buy KIPO at NAV,...

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