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Re: NEWTI notesExactly right. NEWT is now a digital business bank, with a charter. I didn't like NEWT as a BDC and did not make any investments. As a bank, I'm more comfortable with the risk/reward so a baby bond paying 8% with a maturity date in five years is more to my liking, especially trading a little below par. KBW had this to say on 9/6: "We hosted an NDR with NEWT’s CEO/CFO Wednesday, with discussions mostly staying high level as investors try to understand the impact of the company’s conversion from a BDC to a bank. The two quarters of results with a bank charter have demonstrated the franchise's potential earnings power, which we believe could improve over time as higher-cost funding is replaced with bank deposits, assuming stable credit costs."
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| Msg # | Subject | Author | Recs | Date Posted |
| 1834 | Re: NEWTI notes | brehm233 | 1 | 9/21/2023 11:08:59 AM |
| 1846 | Re: NEWTI notes | etheldemon | 1 | 10/1/2023 1:42:55 PM |
