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Michael A. Gayed: Labor apprenticeship rule saves $100 million annually

Michael A. Gayed: Labor apprenticeship rule saves $100 million annually
Labor apprenticeship rule saves $100 million

A labor apprenticeship rule is saving $100 million each year, according to Michael A. Gayed.

Gayed added that race and sex goals accounted for about 1% of the process, while the majority involved administrative paperwork.

Gayed has previously commented on high yield credit, noting that spreads reached 343 basis points as of November 2, above the 12-month low but below the 10-year average in his recent update. He also flagged that PSEC was yielding 21% and trading at a 65% discount to NAV after its May dividend cut, with net investment income covering payouts by 131%, according to another report. Both posts reflect Gayed's continued attention to yield and valuation metrics.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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