A large majority of the subscribers of the Dividend Investor Newsletter are retirement age. Josh Peters is not and perhaps he has a longer time frame and risk factor. I'm a subscriber and retired . I appreciate him pointing out risks in the portfolio. I still hold CSE but will watch it closer.
I agree with previous poster. CSE is not a windows and orphans stock. Nor are the other BDCs. Josh went a tad overboard and wasn't taking care of his audience. On the other hand, I would like to see what he would come up with for the "high yield/medium risk" investor. CSE fits the profile, which is why I own a lot of it.
It just seemed to be a rather abrupt about-face. I'm not necessarily blaming Josh, I get the feeling Morningstar got spooked by market developments and went into a defensive crouch. But of course that's speculation on my part.