FSK
2 tracked calls · 1 long · 1 short · last 90d: 1L/0S
first called by Jordi Visser 4mo ago
LONG1w ago
“Compare that to FSK. Everyone thinks FSK is junk... One has a 50% discount more or less. One is less than 5% discount consistently. Both have 60% software. ARCC has more subordinated debt.”Monetary Matters · The Monetary Matters Network
The market blindly punishes FSK with a massive 50% discount, handing buyers a bargain on a loan portfolio that holds less risky debt than premium rivals.
FSKLONG@ $10.95
$10.63-2.95%
since call Jul 20
SHORT4mo ago
“Private credit defaults accelerating … liquidity is the major story and I think it's going to continue because there's no way to solve this problem other than…”Jordi Visser
Weakest private-credit BDC, just cut to junk on rising non-accruals, reprices lower as the liquidity squeeze grinds on.
FSKSHORT@ $9.98
$10.63-6.51%
since call Mar 29