4 Reasons Prospect Capital Corporation Is Still a Buy

Prospect Capital Corporation (NASDAQ: PSEC  ) had a rough first half of 2014, but it looks like most of the bad news is in the past.

The company won its debut with the SEC over accounting issues with past earnings announcements, which also took the wind out of the sales of several law firms putting together class action suits against the company.

And, it was announced in March that business development companies including Prospect would be removed from the S&P and Russell indices, which was completed at the end of June.

So, now that the bad news is in the past, Prospect can go back to doing what it does best: strategically investing in businesses to earn excellent returns for shareholders. Here are just a few of the reasons to get back into Prospect

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Matthew Frankel

Matt brought his love of teaching and investing to the Fool in order to help people invest better, after several years as a math teacher. Matt specializes in writing about the best opportunities in bank stocks, real estate, and personal finance, but loves any investment at the right price. Follow me on Twitter to keep up with all of the best financial coverage!

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Related Tickers

9/2/2015 10:45 AM
PSEC $7.50 Up +0.01 +0.13%
Prospect Capital C… CAPS Rating: ****