Savvy Trades and Investments

[worthylion]

PNNT Not sure if many of you care about BDCs. I like the yield in my IRA and BDCs don't have the tax issues that MLPs do in IRAs. PNNT trading at 6.87 with annual dividend of .72. After getting burned with energy patch loans when oil price crashed, they lowered dividend to .72 and also started to make fewer unsecured loans and more secured loans. They converted many of their energy loans to equity which may be worth something now with oil price rebound. Nonetheless, share price has been under pressure lately, and I'm guessing it's because rise in interest rates may be showing in analyst models to be squeezing their leveraged approach where they borrow at short term rates to boost longer term loan portfolio. I think they would lower/defer their substantial fees before they would cut their dividend so feel it's pretty secure and over a 10% yield. Any thoughts appreciated.