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Fifth Street Finance Corp. Message Board

  • xraythrives xraythrives Aug 16, 2013 12:03 PM Flag

    Fitch: BCD's well positioned for raising rates

    The ones cited were ARCC, GBDC, HTGC, and NMFC. Which is how you can access the article by going to those quote pages. The whole trick is getting into shorter term floating rates according to the article so hopefully FSC is doing it right.

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    • BDC's is of course what I should have wrote.

      • 1 Reply to xraythrives
      • Did you post on the WRONG board? You should post it on the other board, it is like the cons conning each other.

        Are you trying to convince yourself? Did you buy any BDCs or BCDs (according to yourself) lately since you have so much confidence?

        Yea, some BDCs may be able to weather the fall out from bond tapering, but none of them will be exempt from its impact and impact it will. I expect most BDCs will drop 10% or more. The smaller ones will be hit hardest, such as KCAP, MCGC, FULL, HRZN, etc. Tried to tell my son-in-law to get out of his KCAP position numerous times but he said they are paying a 13% yield. He paid $ 10.15 for it. What can I say? Hey it is your money. I hope you enjoy it when you sell your BDCs holdings dropping like a rock. Of course, good ones like FSC will not stay LOW for too long. I expect many people will start buying when it drops to or below $10. If bond tapering is officially announced on either Sept. or Oct., I can guarantee you FSC will drop below $10. I get my money ready right now to buy some.

 
FSC
9.42-0.10(-1.05%)Sep 19 4:00 PMEDT

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