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nelson1234

12/21/21 1:01 PM

#93562 RE: gilead23 #93561

SLNHP - do ou think the high yielding preferreds present an opportunity at current levels?
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Knowledge is King

12/21/21 1:25 PM

#93567 RE: gilead23 #93561

I’m more worried about the cost of capital


Exactly my point. Investors are demanding a yield greater than 8x the ten-year note to put money into SLNH. To me that speaks volumes about the elevated risk of SLNH's business model. JMHO
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Knowledge is King

12/23/21 2:27 PM

#93639 RE: gilead23 #93561

SLNH cost of capital now 13%+ on the preferreds!


Company just announced the sale of another $7.8M SLNHP @$17.50, which went straight to a discount...now trading at $16.69