SuRo Capital: Your Neighbourhood VC Fund Seems Undervalued

Nov. 21, 2022 5:11 AM ETSuRo Capital Corp. (SSSS)SSSS12 Comments
Pacifica Yield
12.61K Followers

Summary

  • SuRo Capital continues to trade at a discount to NAV as its investment portfolio faces broader macro headwinds.
  • The company holds a significant cash and equivalents position which forms the background for its eventual recovery.
  • An investment in the commons should be made on the attractiveness of the VC like fund's top investment positions.

Growing Graph

Eoneren

You'd be right to consider SuRo Capital (NASDAQ:SSSS) as undervalued against its current 47% discount to its last announced $7.83 net asset value per share. But the NAV is down sequentially from $9.24 in the second quarter and from $14.79 in the year-ago

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