Seeking Alpha

MCG Capital searches for answers

  • It's a tough earnings call for MCG Capital (MCGC -9.2%) after guiding to a sharply lower distribution this year in a tough environment for finding investments (it hasn't yet booked one in Q1).
  • Listen to a replay on Seeking Alpha.
  • With net asset value per share of $4.74 (off from $5.18 a year ago, and $5.65 two years ago), management spent a good portion of the call fielding questions about putting the company up for sale or being far more aggressive with buybacks (current stock price is $3.99).
  • Hoping to jump-start business, the company promotes CFO Keith Kennedy to President.
  • Earlier coverage of today's earnings
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