Get a BDC at a Discount & Grab 11.9 Percent Yield
Get a BDC at a Discount & Grab 11.9 Percent Yield (SeekingAlpha)
It is not often that the market offers up a gift to investors, but that may just be the case with Horizon Technology Finance Corp. (HRZN). This business development company (BDC) exists in the tech sector, making it one of the few lending entities that handles loans to businesses in cloud computing, communications, networking, drug discovery, alternative energy and water purification, among other areas. And recently, its shares took a 10 percent hit, based on a combination of fears that certain indexes may drop BDCs from their listing. I don’t know about you, but here at Eagle Financial Publications, we’re looking at HRZN as an underpriced BDC that offers an enticing 11.9 percent yield.