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Msg  3851 of 3863  at  9/25/2022 8:11:09 AM  by

PinewoodsBear

The following message was updated on 9/25/2022 8:14:59 AM.

 In response to msg 3801 by  lumpygravy
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Re: Portman Ridge Finance Corp.----> Update

PTMN.

Could be their performance is poor timing with the general market being sold off.
However... PTMN had a conference at the Sideti's Small Cap Virtual Conference. 20 Sept. Tues. Sept 22 & 23 fell off the cliff...see the down fall on their chart. Evidently the audience was not impressed .

Current Price $21.15. 52 wk $20.75 ---$25.33.
Div. $2.52. Yield 11.91. %

Small cap might be better named Tiny Cap. ...203.0 M. market cap.

Tipranks. Smart Score ....6 rate Neutral

their portfolio is the run-of-the-mill loans that every finance corp has. Might be OK but nothing better to offer that's unique ... and that means the competition from the bigger competition is very rough to survive. Just my opinion would be for PTMN to find a merger with several small finance co. to gain bulk and geographical footprint in this industry.

Since the market selloff has made a lot of good companies basement cheap price, that would be a better place to hunt.
Like I posted... just my opinion .

I guess it is obvious that I do not own any PTMN stock.

***PinewoodsBear***


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