February 4, 2011 4:01 PM | 1 min read |
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Craig Nerenberg of Brenn West Capital Partners spoke at the Harbor Investment Conference yesterday and laid out his case for Tetragon Financial, which is a company that invests in collateralized loan obligations.From the
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
it describes itself as a company that "currently invests primarily through long-term funding vehicles such as collateralized loan obligations in selected securitized asset classes and aims to provide stable returns to investors across various interest rate and credit cycles."The company, which trades in Amsterdam, under the symbol. TFG.NA, is currently trading around $7 per share, and has a net asset value (NAV) of $9.40 per share. Nerenberg said he believes the NAV could go to $13+ in one year. In addition to trading to a discount to NAV, the company sports a 4.7% dividend yield, and Nerenberg believes the company could increase that this year. Management also buys back 15% of the float everyday, and issues a press release around 11:45 a.m. to update investors on its progress.
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