CION Investment Corporation: 12.5% Yield, P/NAV Of 0.73x Makes It A Buy
Portfolio Pulse from
CION Investment Corporation is currently trading at a significant discount with a P/NAV of 0.73x, offering a 12.5% yield. Despite market concerns about PIK and portfolio volatility, the fundamentals suggest the discount is not justified.
November 10, 2024 | 8:15 pm
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POSITIVE IMPACT
CION Investment Corporation is trading at a 27% discount to NAV with a 12.5% yield. Market concerns about PIK and portfolio volatility are present, but fundamentals suggest the discount is not justified.
CION's significant discount to NAV and high yield make it an attractive investment despite market concerns. The fundamentals do not support the current discount, indicating potential for price appreciation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100