Prospect Capital: The Yield Is Not Worth The Risk

Core Insights - Seeking Alpha introduces Steve Richter as a new contributing analyst with extensive experience in financial analysis and investment [2] Group 1: Analyst Background - Steve Richter has over 30 years of experience, primarily as a credit analyst and executive for large banks, and has also worked as a buy-side analyst specializing in project finance [2] - He holds an undergraduate degree in finance and accounting, a master's in finance, and has completed a credit training program with a major bank, earning the CFA designation [2] - Steve has been investing for over 25 years, initially in rental real estate and mutual funds, and shifted focus to individual stocks and options in 2010 [2] Group 2: Investment Strategy - For the first decade, Steve's portfolio concentrated on growth stocks, but he repositioned it to focus on dividend stocks, including REITs and BDCs, just before the COVID-19 pandemic [2] - Over the past ten years, Steve has achieved double-digit returns, including the last two years, despite the shift away from a growth-only strategy [2] - Currently, the focus is on building a portfolio of undervalued stocks with solid fundamentals across various industries, benefiting from a strong and growing dividend stream as well as capital appreciation [2]