Nikada Saratoga Investment Corp (NYSE:SAR) is a business development company or BDC with a rather conventional focus – i.e., investing and issuing loans to the lower end of the middle market companies that are already cash flow positive with annual sales between $8 and $250 million, and EBITDA north of $2 million. While this is…
bluecinema/E+ via Getty Images We provide our follow-up note on Rentokil Initial (NYSE:RTO) (OTCPK:RKLIF), a British services group focused on pest control and hygiene, with a Hold rating. We appreciated the underlying fundamentals while seeing no attractive valuation upside. Since our note, the stock has lost more than 28% of its value as a result…
ronniechua After a 25% gain in 2023 the SPDR® S&P 500 ETF Trust (NYSEARCA:SPY) now faces three major near-term headwinds that combine with extreme valuations to create an exceptionally poor risk-reward outlook. These include an array of bearish divergences across US assets, widespread complacency in options markets, and excessive optimism about Fed rate cuts. The…