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Introduction
SWK Holdings (NASDAQ:SWKH) is a company that invests in loans and royalties in the healthcare industry along with some pharmaceutical development. In addition to the common shares, the company has a 9% coupon baby bond (
SWK Holdings: High Yield Baby Bond Opportunity May Be Running Out Of Time
Summary
- SWK Holdings baby bonds are trading slightly over par with a call date approaching.
- The company divested its royalty portfolio and built strong liquidity in Q1.
- Management has hinted that excess cash will be used for buybacks, but new risk is added after the call date passes.
About My Writing: I am currently focused on income investing through either common shares, preferred shares, or bonds. I will occasionally break away and write about the economy at large or a special situation involving a company I've been researching in. I target two articles per week for publication on Monday and Tuesday.About My Background: Bachelors in history/political science, Masters in Business Administration with a specialization in Finance and Economics. I enjoy numbers. I have been investing since 2000. Professionally, I am the CEO of an independent living retirement community in Illinois.
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