Eagle Point Income Company Inc V.EIC

Primary Symbol: EIC Alternate Symbol(s): EICB | EICC

Eagle Point Income Company Inc. is an externally managed, diversified closed-end management investment company. The Company’s primary investment objective is to generate high current income, with a secondary objective to generate capital appreciation. The Company seeks to achieve these objectives by investing primarily in junior debt tranches of collateralized loan obligations (CLOs) rated BB. In addition, the Company may invest up to 35% of its total assets (at the time of investment) in CLO equity securities and other securities and instruments that are consistent with its investment objectives. The Company may also invest in other securities and instruments objectives such as securities issued by other securitization vehicles. The Company may also invest in other junior debt tranches of CLOs, senior debt tranches of CLOs, loan accumulation facilities (LAF) and other related securities and instruments. The investment advisor of the Company is Eagle Point Income Management LLC.

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Eagle Point Income Company Inc

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Post by jfcon Mar 31, 2000 7:23am

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Post# 1696475

...and very little Downside

Trading at a paltry 12 times earnings! (Comparables don't even have earnings!!)

Market cap of ONLY about $110 million (Why "only"? Revenue for 1999 was $176.4 million!) (Comparables are trading anywhere between 5 and 200 times revenues!)

Eicon has been saying that this drop in sales is a market-based phenomenon, that they expect a recovery, and that the ISDN market is fundamentally healthly. jfc

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