Aug. 2 at 2:36 PM
$SCM Can someone explain to me how this stock trades for
$7.50 a share when its NAV is in the mid-high-
$12 range. Either I'm missing something, or this is the most undervalued stock on the market.
"The Company's preliminary estimate of second quarter 2026 net investment income ("NII") is
$0.25 to
$0.27 per share. The Company's preliminary estimate of net asset value ("NAV") per share as of June 30, 2026, is
$12.76 to
$12.84, representing an increase of
$0.22 to
$0.30 per share, or 1.8% to 2.4%, from the NAV per share of
$12.54 as of March 31, 2026. The estimated NAV per share increase is primarily due to the net fair value appreciation on the investment portfolio and the accretive impact of equity repurchases, partially offset by dividends per share paid in the second quarter in excess of NII per share. As a result, the Company estimates that it generated an annualized return on equity of more than 17% for the second quarter of 2026."
