Richard Drury/DigitalVision via Getty Images Fears over defaulting loans in the SaaS space, a sector that private credit platforms heavily lend money to, have created serious selling pressure for BDCs lately, many of which are now trading at 52-week lows. While I recently came out with a number of articles heavily recommending some BDCs like Blackstone Secured Lending ( BXSL ) or Hercules Capital ...
Richard Drury/DigitalVision via Getty Images Fears over defaulting loans in the SaaS space, a sector that private credit platforms heavily lend money to, have created serious selling pressure for BDCs lately, many of which are now trading at 52-week lows. While I recently came out with a number of articles heavily recommending some BDCs like Blackstone Secured Lending ( BXSL ) or Hercules Capital ( HTGC ), I don't see the same opportunity for Morgan Stanley Direct Lending Fund ( MSDL ): the investment firm did not fully support its dividend with net investment income in the last quarter, and management announced a reduction in the regular dividend to $0.45 per-share (a 10% reduction). Further, falling base rates and a rise in non-accruals are concerns that prevent me from upgrading MSDL to buy at this point, despite shares being oversold and trading at fresh 52-week lows. Data by YCharts Previous rating Morgan Stanley Direct Lending was a hold in my last coverage -- No Safety Margin -- due to its strong focus on first liens but its inability to generate excess dividend coverage. Morgan Stanley Direct Lending fell short of its dividend in the fourth quarter as well, highlighting growing concerns about the BDC's NII trajectory. While shares are trading well below net asset value and 'SaaSpocalypse' fears have gotten way out of hand, in my opinion, I do not recommend buying the drop here just yet. SaaS-driven sell-off continues Morgan Stanley Direct Lending is one of the leading BDCs in the market, with Morgan Stanley being the sponsor of this specific private credit platform. The BDC is externally managed by MS Capital Partners Adviser and chiefly originates variable rate-paying senior secured loans. Morgan Stanley Direct Lending Morgan Stanley Direct Lending is a first lien-focused BDC which is the kind of BDC that I would generally prefer to invest in given a high degree of principal protection... if it weren't for the investment firm's recent coverage problems. In ...
TORONTO, Feb. 28, 2026 (GLOBE NEWSWIRE) -- Goliath Resources Limited (TSX-V: GOT) (OTCQX: GOTRF) (FSE: B4IF) (“Goliath” or the “Company”) announces that it has applied to the TSX Venture Exchange (the “TSXV”) to extend the term of an aggregate of 2,590,673 common share purchase warrants of the Company (the “Warrants”), with each Warrant being exercisable to acquire one common share of the Company ...
TORONTO, Feb. 28, 2026 (GLOBE NEWSWIRE) -- Goliath Resources Limited (TSX-V: GOT) (OTCQX: GOTRF) (FSE: B4IF) (“Goliath” or the “Company”) announces that it has applied to the TSX Venture Exchange (the “TSXV”) to extend the term of an aggregate of 2,590,673 common share purchase warrants of the Company (the “Warrants”), with each Warrant being exercisable to acquire one common share of the Company (each a “Warrant Share”) at a price of $2.50 per Warrant Share. As disclosed by the Company in a news release dated March 10, 2025, the Warrants were issued by the Company on March 10, 2025 in connection with a $10,000,000 strategic non-brokered private placement of 5,181,347 units of the Company (“Units”) to McEwen Inc. (NYSE: MUX) (TSX: MUX) (“McEwen”), an arm’s length party to the Company, at a deemed price of C$1.93 per Unit, in exchange for the issuance to the Company of an aggregate of 868,056 shares of common stock of McEwen (“McEwen Shares”) at a deemed price of C$11.52 per McEwen Share.
The U.S. and Israel launched military strikes in Iran, targeting Khamenei and the Iranian president. "Operation Epic Fury" will be "massive and ongoing," President Trump said Saturday morning. (Image credit: AP)
The U.S. and Israel launched military strikes in Iran, targeting Khamenei and the Iranian president. "Operation Epic Fury" will be "massive and ongoing," President Trump said Saturday morning. (Image credit: AP)
We came across a bullish thesis on SentinelOne, Inc. on r/Valueinvesting by Mundane_Link8653. In this article, we will summarize the bulls’ thesis on S. SentinelOne, Inc.’s share was trading at $13.87 as of February 16th. S’s forward P/E was 39.37 according to Yahoo Finance. SentinelOne, Inc. operates as a cybersecurity provider in the United States and internationally. S is emerging as one of the...
We came across a bullish thesis on SentinelOne, Inc. on r/Valueinvesting by Mundane_Link8653. In this article, we will summarize the bulls’ thesis on S. SentinelOne, Inc.’s share was trading at $13.87 as of February 16th. S’s forward P/E was 39.37 according to Yahoo Finance. SentinelOne, Inc. operates as a cybersecurity provider in the United States and internationally. S is emerging as one of the most compelling cybersecurity investments, currently trading at just […]
Israel ordered the temporary shutdown of some natural gas fields after launching an attack on Iran in a joint operation with the US. The halt is a security measure, the Energy Ministry said in a statement, without specifying the fields affected. Energean Plc , the operator of the Karish deposit, said it had been instructed to suspend production. The move is a repeat of steps taken last year when I...
Israel ordered the temporary shutdown of some natural gas fields after launching an attack on Iran in a joint operation with the US. The halt is a security measure, the Energy Ministry said in a statement, without specifying the fields affected. Energean Plc , the operator of the Karish deposit, said it had been instructed to suspend production. The move is a repeat of steps taken last year when Iran previously came under Israeli attack, and retaliated. Back in June, Israel shut its biggest gas field — Leviathan — as well as Karish, cutting off supplies to import-dependent Egypt. While Energean supplies gas to the domestic market only, Israel’s other two fields — Leviathan and Tamar — also export the fuel. Chevron Corp. , which operates both, declined to comment on any shutdowns on Saturday. The US-Israeli attacks, and Tehran’s retaliation against American military bases in several countries, raise the risk of a wider war in a region that’s key to global energy supplies. Leviathan is contracted to send about 4.5 billion cubic meters a year to Egypt, and Cairo’s dependence is set to rise following a $35 billion deal struck last year, which would see 130 billion cubic meters sent from 2026 to 2040. Read More: Egypt Locks In Gas-Import Dependency With New Israel Deal Egypt became a net gas importer in 2024 and has since bought up large volumes of liquefied natural gas, striking agreements for supplies out to 2028. Increased Israeli flows would mean Cairo may be able to import less LNG in the future. Leviathan’s gas is cheaper, yet the interruption of production — both last summer and now — highlights the vulnerability of that route. The disruption in June forced the Egyptian government to halt supplies to some industries, including fertilizer producers.