Drewidia
Sep 25, 5:57 AM
$CSWC $FSK $SCM $KBDC In a nutshell: Borrowers who who have stopped paying, which little direct recourse. Unsecured Debt. They can’t make it up in volume.
What is the company doing? Instead of buying back its own stock (better investment) it’s “Making it up in volume” - at this point paying investors (myself included) back with their own money.
They each have Lots of debt sold to borrowers with AI disruption, who have stopped paying. It’s Unsecured debt.
FSK’s issues aren’t completely unique - but from a KKR - we expect better.
I’m HODL but neutral.
1 replies