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Fifth Street Finance Corp. Message Board

  • serendipitymoonlight serendipitymoonlight Sep 11, 2012 9:14 AM Flag

    Who would buy this?

    The dividend is not maintainable. The stock is WELL ABOVE book. Its a recipe for disaster. I would buy this unless we were talking about buying it around $7.50 or less with its current fundamentals. I can't believe how crazy everyone is being... paying this much above book value... I see a dividend cut coming soon as it fails to pay its current distribution from NII.

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    • Are you on the wrong board? Which stock are you talking about? Do you not know that FSC has already declared its monthly dividend for the next six months (till next Feb.)? How in the world they are going to reduce their dividends? The only company I know which took back the dividend they had declared was BP. FSC is probably one of the BEST BDCs one can own, for both its stability and dividend and that is why it is sold with a premium. Whether it is worth it will depend on each individual investor. Dropping to $ 7.50? I cannot say that it will never happen, but if it happens the whole stock market will be ruined.

      Sentiment: Hold

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