Portman Ridge Finance Corporation (PTMN)

[pappi]

Interesting conference call. Good questions with solid answers:
- average cost of share buyback reflects late quarter purchases, since it wasn't possible during merger. < someone questioned the high buyback cost per share over term, why not buyback at lower prices that were present >.
- And share reverse by 10 > 1 coming from strength not weakness. One Q noted reverse splits usually result in a 10% stock price drop. The continuing buyback was offered as counterpoint, along with general advice that this step would be good for the firm's valuations going forward.

Interesting stock, for sure.
-p (who went ahead with continuing monthly investment)