Kohlberg Capital Corp. (KCAP)
An internally managed, non-diversified closed-end investment company.
Recs
FanaticaL
(45.89)
Submitted: 11/9/2009 2:00:03 PM :
Start Price:
$5.03
KCAP Score:
+5.96
This is not looking good.
http://ir.kohlbergcap.com/releasedetail.cfm?ReleaseID=422735
Recs
chuckwalg1
(< 20)
Submitted: 10/22/2009 11:34:09 PM :
Start Price:
$5.35
KCAP Score:
+11.11
collaterized loan obligations will kill this in early 2010 1st qtr.
Recs
Esrin
(< 20)
Submitted: 9/25/2009 7:14:37 AM :
Start Price:
$5.27
KCAP Score:
-14.51
Price of 5.11
Book value of 11.09
Div 18%
eps -1.05 Roe -8.66
Has the money to pay dividend and good value for cheap. But poor ROE and earnings. Has the value to turn around. Buying for dividend.
Recs
brainlocked
(< 20)
Submitted: 8/23/2009 1:19:50 AM :
Start Price:
$4.73
KCAP Score:
-6.01
Cash flow, valuation
Recs
jamespeer
(92.41)
Submitted: 8/20/2009 4:01:12 PM :
Start Price:
$4.63
KCAP Score:
-5.57
agreed, undervalued at this price...
Recs
mrindependent
(98.84)
Submitted: 8/13/2009 6:38:12 PM :
Start Price:
$4.75
KCAP Score:
-8.38
It seems too good to be true. Kohlberg Capital Corp is available for 0.46 times book value and book value approximates NAV. Also, this company is selling for just 5 times its forward estimated earnings. Last but not least it is paying a 20% per year dividend. I assume that Kohlberg would not lend its name to an enterprise that is cooking the books. Thus, I think it is true. I am buying this stock for less than half its fair value.
Recs
SmallPimpin
(98.28)
Submitted: 8/10/2009 3:00:00 PM :
Start Price:
$5.19
KCAP Score:
-17.94
Mmm...investment companies...
Recs
kevinottofro
(98.38)
Submitted: 8/8/2009 6:19:01 AM :
Start Price:
$5.99
KCAP Score:
-30.03
Low relative PE, good star ranking, PEG & 09 PE still below normal - bottom fishing 8/10.
Recs
starpark88
(57.17)
Submitted: 8/3/2009 8:24:00 PM :
Start Price:
$5.71
KCAP Score:
-26.86
I don't love the BDCs as a whole but this company has been able to sustain a nice divvy even in these times. That speaks volumes of their free cash flow situation and of all of the BDCs, I see KCAP and perhaps AINV as two stocks which will soon approach NAV
Recs
syazic
(76.29)
Submitted: 7/15/2009 12:32:57 PM :
Start Price:
$5.79
KCAP Score:
-36.59
Business model is fine..
Recs
oldtimer52534
(< 20)
Submitted: 6/25/2009 5:41:31 PM :
Start Price:
$5.32
KCAP Score:
-30.62
The dividend is a good eye catcher but the possibility of doubling the price makes the gamble worthwhile
Recs
Gerarddm
(26.24)
Submitted: 8/17/2008 6:30:49 PM :
Start Price:
$7.52
KCAP Score:
-23.56
Gene Marcial pick @ Business Week.
Gotta love the dividend.
Recs
Luftwasche
(< 20)
Submitted: 12/4/2007 8:53:05 PM :
Start Price:
$7.02
KCAP Score:
-9.96
Interesting BDC with built in CDO platform. Long term growth from portfolio lending, and CLO management fee's. Basicly a spinout of Kohlberg & Co's debt crew.
Recs
NetscribeFinancl
(< 20)
Submitted: 3/23/2007 9:10:18 AM :
Start Price:
$10.43
KCAP Score:
-35.29
Kohlberg Capital is an internally managed, closed-end investment company. Its investment objective is to generate current income and capital appreciation from the investments made by its middle market business in senior secured term loans, mezzanine debt and selected equity investments in privately-held middle market companies. But it may also invest up to 30% of its capital in other investments, such as loans to publicly-traded companies, high-yield bonds, distressed debt securities and securities issued by collateralized debt obligation. Currently it has approximately $1.6 billion of assets under management.
The company runs the risk of no operating history and no experience to manage a business development company. Moreover it operates in a highly competitive market for investment opportunities and hence if it is unable to source investments effectively then it may be unable to achieve our investment objective. But management believes it successfully competes with other providers of capital in the markets as the company is internally managed and has experienced skilled management. Besides it has multiple sources of loans, like mezzanine investments and equity investments & disciplined investment process which includes rigorous credit review as well as due diligence. Also Katonah Debt Advisors will serve as a source of direct investment opportunities and cash flow.
Company recently acquired Katonah Debt Advisors which will add to its portfolio more business and larger customer base. In December 2006, it completed an IPO and used the net proceeds of the offering to acquire a portfolio of approximately $185 million in aggregate principal amount of senior secured loans that were originated during 2006 by Katonah Debt Advisor’s middle market lending group. Company recently declared a cash dividend of $0.29 per share payable in April and the new dividend reinvestment plan provides for reinvestment of the dividends on behalf of the stockholders, unless a stockholder elects to receive cash. Hence looking at the recent developments the business of the company seems potentially strong.
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