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Prospect Capital: I Don't Care About A Sequential NAV Decline, I Am A Buyer Today

Whether you like Prospect Capital (NASDAQ:PSEC) as an income investment or not will probably not depend on Prospects' second quarter results. Prospect Capital is one of those investments that are either loved or hated, with little ground in the middle. Bears usually cite concerns over Prospect Capital's management style, share issuances in the past, or the general downward trend in Prospect Capital's NAV as arguments for not buying the company. On the other hand, you've got the bulls who are steadfastly defending Prospect Capital as a leading income vehicle in the business development company sector that produces extraordinary cash flow income on a monthly…