Oct. 9 at 12:36 PM
$SUNS Started a position here yesterday at
$9.90
I like the concentration on Southern commercial real estate (a growing market), I like the proportion of Senior loans compared to subordinate, I like the 13% dividend (admittedely not sustainable), I like the low float, I like the management team (successfully sold first fund to Oaktree for 5 billion USD), I like how the founder has bought 18 million USD worth of the stock in the past 12 months, and so on.
Also, US Real Estate due for a bounce?