Key Takeaways CION Investment Corp. (CION) is trading at a deep discount to what investors typically pay for private-credit cash flows and net asset value. The setup is hard to ignore after a steep selloff, but the reasons behind that discount matter just as much as the headline multiples. At present, the debate comes down to whether CION's income engine can stabilize while credit marks stop swinging. If it can, the stock's valuation gap may be too wide. If not, the discount may be doing its job. CION Valua ...