Replies to post #93561 on Savvy Trades and Investments

[nelson1234]

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

[Knowledge is King]

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

[Knowledge is King]

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