Replies to post #176 on Gladstone Investment Corp (GAIN)

[bar1080]

PSEC's long term chart provides important clues about the volatility GAIN can expect in bad times. PSEC's all time high was $17 in 2007. It's less than half that now. That's about the same weak long term performance as GAIN. That explains the discount to NAV.

The BDC group performs terribly in bad times. I would expect GAIN to do about the same in the next recession.
https://finance.yahoo.com/quote/psec?ltr=1