Thesis: fraud, analyst: jehosaphat-research, sector: shadow-banking.
valuation fraud
More ... latest change: 2026-02-28
Jehoshaphat Research published on Main Street Capital (NYSE: MAIN — $4.92 billion), a Houston-based business development company that invests in lower-mid-market debt and equity with a focus on the oil and gas sector. Jehoshaphat alleged Main Street is “systematically inflating the fair values of its investment portfolio” and that “[Net Asset Value] and [Earnings Per Share] are inflated by about 40%.” Jehoshaphat also raised concerns about recent insider selling, whether the dividend is sustainable, and the company’s relationship with its auditor, Grant Thornton.
Last updated: 2026-03-07 by automated standardization process
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