Oct. 21 at 3:49 PM
$PDI if you check their 9/30/25 holdings, they are owed about
$8MM from FirstBrands. Assuming this was the reason for the flash crash. If they lent money to FirstBrands who is now under the spotlight as potential fraudsters following the JEF debacle, investors are probably concerned about their lending practices and other holdings. Regardless, this was a small amount of their entire portfolio (0.042%), and does not justify a
$330M decrease in the funds market cap IMO. The loans to first brands also mature in 2027, and we don’t know the whole situation yet. I’m buying the dip, but proceed with caution. Hard to do homework here, when we don’t have full information for all their holdings. Forces you to put your trust in management.