Miner Company
Cockroaches, SaaSpocalypse, And Now 'GFC 2.0'
The BDC sector trades at near-historic P/NAV discounts, reflecting extreme bearish sentiment and perceived systemic risk. Recent high-profile bankruptcies and SaaS sector fears have been misapplied to BDCs, whose exposures are more diversified and structurally protected.
The BDC sector trades at near-historic P/NAV discounts, reflecting extreme bearish sentiment and perceived systemic risk. Recent high-profile bankruptcies and SaaS sector fears have been misapplied to BDCs, whose exposures are more diversified and structurally protected.