Professor Glenn A. Okun
The Rabid Capitalist: The Big Point is a brief summary of a detailed note available to paid subscribers.
Fitch’s latest survey revealed that market participants expected business development companies (“BDC”) to face continued stress from a rising volume of payment-in-kind concessions next year. BDC stocks have been forecasting this risk. Some BDCs, including those in the Rabid Capitalist’s portfolio, have fared well under the circumstances, generating positive performance relative to the industry benchmark.
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