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Posted by
Two Blokes May 21, 2025 -
Filed in
Stock
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6 views
Advanced Flower Capital's disappointing results, underperforming loans, and management's shaky track record have eroded my confidence and prompted a downgrade from Buy to Sell. Distributable earnings failed to cover the dividend in Q1, raising the risk of another cut and highlighting ongoing execution issues and slow loan recoveries. Despite a low valuation and high yield, persistent declines in book value and lack of clear catalysts make AFCG a value trap, not a bargain.
