In comparing the three (GLAD, GOOD, GAIN) I was wondering if there were any opinions which was the better buy at this time? I have recently picked up some GAIN since the NAV seems to be a key metric for these stocks. My understanding though is that there is more risk involved. I have always heard that GOOD was considered the safest since it actually owns properties. Any comments would be appreciated. thanks!
GLAD mainly owns senior debt, GAIN owns both debt and equity (which makes it riskier, but also provides for more possible upside), and good is a REIT with triple net leasing.
Basically, they're three different entities but one company. GLAD was started first to provide middle-market loans, GOOD was launched to provide real estate leasing to clients who didn't want to own their own property for debt reasons, and then GAIN was added to allow riskier investments.
If you believe Gladstone, all three are "screaming buys."
I wouldn't say SCREAMING BUYS but investing in Bus dev cos like GLAD offers one good income ( over 8% plus appreciation potental) and remember Gladstone ( the founder is one of the best in the business in this field. So just hang on and enjoy the ride..