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Fifth Street Finance (FSC -4%) hasn't been able to bounce off an early decline after it priced...

Fifth Street Finance (FSC -4%) hasn't been able to bounce off an early decline after it priced its 14M share secondary at $10.68/share. The immediate purpose of the cash will be to repay existing debt facilities, but the company expects to redraw them as necessary to make further investments. Reported net asset value on Sept. 30: $9.92. (PR)
Comments (3)
  • aparso
    , contributor
    Comments (96) | Send Message
     
    The repay existing debt facilities has caused this company to drop .4%, that is alot, I hope they are able to correct this....

     

    4 Dec 2012, 04:40 PM Reply Like
  • poclerk
    , contributor
    Comments (428) | Send Message
     
    This is why I prefer FSCE, their exchange traded bond, over the common stock, FSC.
    4 Dec 2012, 04:52 PM Reply Like
  • Saint Mark
    , contributor
    Comments (115) | Send Message
     
    These dips are a buying opportunity. If you saw the interview with the CEO a couple of weeks ago you would recognize that this is a well run business. I have been in FSC for a long time, buying on dips and selling after a 10-15% run up. It's paid off handsomely.
    4 Dec 2012, 04:45 PM Reply Like
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