Best Response

Hasn't rebounded as much as many other BDCs in terms of AUM. Ironically their stock has outperformed many of the comps because they've used investment proceeds to delever/shrink the balance sheet.

Katonah is their CLO management subsidiary and has basically been a mess since pre-crisis due to some internal drama.

One nice thing about BDCs and other publically-traded asset managers is that you can get headcount and compensation data points. If you want to know KCAP's compensation/employee it's available on EDGAR and you can comp it to mutual funds, PE, other BDCs, etc. Obviously it's not distributed evenly across every professional but it can still be instructive. Be sure to control for stock comp though.

Another nice thing is publically available research, earnings call transcripts, etc. which can help get a feel for the overall company.

There have been many great comebacks throughout history. Jesus was dead but then came back as an all-powerful God-Zombie.
 

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